Kwang Myung Electric Co (017040) Fair Value & Analysis
Industrials · KR · Market cap 39.3B KRW
Fair value as of: Jun 24, 2026
Analysis
Kwang Myung Electric Co (017040) currently trades at 932.00 KRW, while our model-based Fair Value estimate is 664.91 KRW — implying the stock looks roughly 28.7% overvalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).
About the company
Kwang Myung Electric Co.,Ltd manufactures and sells various switchgears in South Korea and internationally. It offers high and low voltage switchgears; metal clad switchgears; gas insulated switchgears; package switchgears; motor control centers; panels boards; low break switches; and circuit brakers. The company also provides AC and DC railway power solutions, as well as smart grid solutions for railways; high and low voltage bus ducts, as well as DC bus ducts; energy storage systems, as well as related operation and maintenance services; fuel cells; and mechanical and electrical construction services. In addition, it engages in generation and distribution of solar power. Kwang Myung Electric Co.,Ltd was founded in 1955 and is headquartered in Ansan-si, South Korea.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.