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E1 Corporation (017940) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of E1 Corporation KRW 211,486, price KRW 91,700, upside +130.6%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Energy · KR · ISIN KR7017940008

EC Some data Sep 27, 2026

E1 Corporation

017940 · KO

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value 211,486 KRW · Strongly undervalued (+130.6%)
!Quality 38/100
!Mixed Growth (revenue 5y +21.5 %/yr)
!Thin margins · 1.0% net margin (TTM)
✓Moderate debt · generates free cash flow
✓5.0% dividend yield · Well covered
!Trails peers (4/11)
!Narrow moat 25/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 21 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

108,400 KRW 32,473 KRW Fair Value 211,486 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range 32,473 KRW – 108,400 KRW · fair‑value band 155,037 KRW – 258,395 KRW · the 91,700 KRW price screens below the 211,486 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

E1 Corporation imports, stores, trades, and sells liquefied petroleum gas (LPG) in South Korea. The company transports LPG from oil-producing countries; and stores and manages LPG at Yeosu, Daesan, and Incheon terminals.

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E1 Corporation imports, stores, trades, and sells liquefied petroleum gas (LPG) in South Korea. The company transports LPG from oil-producing countries; and stores and manages LPG at Yeosu, Daesan, and Incheon terminals. It is also involved in the solar and wind power business; hydrogen charging business; electric vehicle charging business; investment activities; and digital technology and data-based business. In addition, the company offers Orange Cards; and Orange Plus, a charging station brand that combines LPG, hydrogen, and electric charging stations with vehicle-related convenience services. It also exports its products. E1 Corporation was founded in 1984 and is headquartered in Seoul, South Korea.

Stock analysis

E1 Corporation (017940) currently trades at 91,700 KRW, while our model-based Fair Value estimate is 211,486 KRW, implying the stock looks roughly 56.6% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of 613,406 KRW per share, and 24 of the 26 models we run sit above the 91,700 KRW price.

Bear case: the Dividend Discount group reads lowest at 68,005 KRW, and 2 of the 26 models stay below the price. Evidence for this calculation is medium.

Scenario range: 155,037 KRW (bear) to 258,395 KRW (bull), the price of 91,700 KRW sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 38/100 (below-average quality), in the Energy sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

E1 Corporation reported revenue of 10.4T KRW in FY2025 versus 5.2T KRW in FY2021, a compound +19.2%/yr. Reported net income was 105B KRW in FY2025, compounding −5.6%/yr from FY2021.

Key figures

Market cap 530B KRW (≈ $390M) · P/S ratio 0.05 · Dividend yield 5.0% · Net margin 1.0% · Return on equity 5.4% · Return on assets (EBIT) 2.5% · Operating margin −3.1% · Revenue (TTM) 11.2T KRW.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).

What moves the price

The share trades about 15% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Energy peers we cover trades at −66% fair-value upside, at 131%, 017940 screens cheaper than that median.

Fair Value models

Bear 155,037 KRW Fair Value 211,486 KRW Bull 258,395 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF 407,221 KRW 648,002 KRW 957,527 KRW 80
Growth DCF 414,319 KRW 628,006 KRW 888,041 KRW 78
Residual Income 254,750 KRW 251,887 KRW 262,224 KRW 76
All 26 models by family
DCF Models
FCF DCF 407,221 KRW 648,002 KRW 957,527 KRW 80
Owner Earnings 262,525 KRW 445,922 KRW 681,680 KRW 75
5Y Revenue Exit 340,645 KRW 606,646 KRW 935,899 KRW 71
5Y EBITDA Exit 256,288 KRW 452,874 KRW 671,532 KRW 74
5Y P/E Exit 146,685 KRW 253,084 KRW 357,012 KRW 70
10Y Revenue Exit 349,182 KRW 581,070 KRW 873,366 KRW 66
10Y EBITDA Exit 313,499 KRW 484,860 KRW 693,410 KRW 68
10Y P/E Exit 250,240 KRW 359,860 KRW 479,316 KRW 64
Earnings-Based
Graham-Dodd 123,245 KRW 337,063 KRW 442,116 KRW 65
Lynch FV 66,734 KRW 95,334 KRW 123,934 KRW 61
PEG = 1.0 66,734 KRW 95,334 KRW 123,934 KRW 57
EPV 189,808 KRW 242,952 KRW 287,239 KRW 74
Dividend Discount
Gordon GGM 46,090 KRW 83,053 KRW 114,333 KRW 68
DDM Multi-Stage 46,090 KRW 68,005 KRW 88,134 KRW 67
Multiples
P/E Multiple 190,305 KRW 253,740 KRW 317,175 KRW 63
P/S Multiple 231,085 KRW 308,113 KRW 385,141 KRW 58
P/B Multiple 231,085 KRW 308,113 KRW 385,141 KRW 55
EV/EBIT 233,340 KRW 377,759 KRW 522,178 KRW 64
EV/EBITDA 201,122 KRW 334,802 KRW 468,481 KRW 65
EV/Revenue 325,768 KRW 551,061 KRW 776,354 KRW 52
Asset-Based
NCAV (Graham) 174,863 KRW 234,316 KRW 349,725 KRW 54
Growth DCF
Growth DCF 414,319 KRW 628,006 KRW 888,041 KRW 78
Rev-Margin DCF 340,645 KRW 613,406 KRW 918,200 KRW 71
Economic Profit
Residual Income 254,750 KRW 251,887 KRW 262,224 KRW 76
ROIC Compounder 189,808 KRW 242,952 KRW 287,239 KRW 72
Growth Earnings
Growth-Adj P/E 157,432 KRW 224,903 KRW 292,374 KRW 67

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Quality Score breakdown

Overall quality 38/100

Of which business quality 38 · Market factors (momentum, volatility) 60

Profitability 24
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−7.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.5%
Start year 2020 (pandemic). Over 10 years: +8.5% a year
Revenue growth 18 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.5%
What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+6.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.9%
Dividend (yield on the price)5.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 3%

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Refining & Marketing · 105 stocks

Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside +130.6% · Top 25%
Profitability
Return on equity (TTM) 5.4% · Below median
Return on assets −0.3% · Bottom 25%
Net margin (TTM) 1.0% · Below median
Operating margin (TTM) −3.1% · Bottom 25%
Growth and dividend
Revenue growth 29.6% · Above median
Dividend yield (TTM) 5.0% · Above median
Balance sheet
Debt / equity 0.69× · Above median

Valuation Multiplesvs Oil & Gas Refining & Marketing median · lower = cheaper

P/FCF 0.0× · Cheapest 25%
EV/EBITDA 10.3× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 15
FUTURE (revenue growth)100 · sector 59
PAST (return on equity)21 · sector 41
HEALTH (low debt)65 · sector 81
DIVIDEND (yield)99 · sector 56

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Reliance Industries Limited RELIANCE ₹1,226 ₹865.31 −29%
Valero Energy Corporation VLO $387.18 $131.30 −66%
Marathon Petroleum Corporation MPC $393.52 $109.88 −72%
Phillips 66 PSX $255.75 $86.65 −66%
Neste Oyj NESTE €34.01 €5.85 −83%
Formosa Petrochemical Corporation 6505 87.20 TWD 20.61 TWD −76%
HF Sinclair Corporation DINO $106.82 $52.92 −50%
SK Innovation Co 096770 149,200 KRW 50,661 KRW −66%
Sunoco LP, SUN $74.76 $53.89 −28%
Bharat Petroleum Corporation BPCL ₹308.50 ₹846.81 +174%

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Cite: Fair Value Calculator (2026). "E1 Corporation Fair Value". https://www.fairvalue-calculator.com/stock/017940

Frequently asked questions

Is E1 Corporation (017940) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 211,486 KRW versus a price of 91,700 KRW, about +131% upside (undervalued).
What is the fair value of 017940?
Our model-based fair value for E1 Corporation is 211,486 KRW (as of Sep 27, 2026), built from audited fundamentals. The current price: 91,700 KRW.
What is the quality score of 017940?
E1 Corporation has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for E1 Corporation (017940)?
Our model-based price target is the fair value of 211,486 KRW (as of Sep 27, 2026) from 26 valuation models. Cautious scenario 155,037 KRW, optimistic scenario 258,395 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the E1 Corporation stock forecast for 2026?
Our models put fair value at 211,486 KRW, about +131% upside versus a price of 91,700 KRW (undervalued). Cautious scenario 155,037 KRW, optimistic scenario 258,395 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of E1 Corporation (017940)?
E1 Corporation reported trailing-twelve-month revenue of about 11.2T KRW (latest available figure, as of Sep 27, 2026).
Does E1 Corporation pay a dividend?
E1 Corporation currently shows a dividend yield of about 4.96% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of E1 Corporation (017940)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For E1 Corporation it is 211,486 KRW per share (as of Sep 27, 2026), against a price of 91,700 KRW. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is E1 Corporation stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 017940 trades below its calculated fair value: price 91,700 KRW, fair value 211,486 KRW, a gap of about +131% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 017940?
No. The price is what the market pays today (91,700 KRW); the fair value is what the company's own numbers justify (211,486 KRW). For E1 Corporation the two are 119,786 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is E1 Corporation worth?
The market values E1 Corporation at about 530B KRW (market capitalisation, as of Sep 27, 2026). Per share that is 91,700 KRW; our models calculate a fair value of 211,486 KRW per share.
What do the bullish and bearish scenarios say about 017940?
Our models span a range for E1 Corporation: cautious scenario 155,037 KRW, base 211,486 KRW, optimistic 258,395 KRW per share (as of Sep 27, 2026, price 91,700 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of E1 Corporation (017940)?
Balance-sheet figures for E1 Corporation (as of Sep 27, 2026): return on equity 5.4%, debt of 0.69 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 017940 from its 52-week high?
E1 Corporation trades at 91,700 KRW, about 15% below its 52-week high of 108,400 KRW and 34% above the low of 68,580 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 211,486 KRW is for.
Which stocks are comparable to E1 Corporation?
From the same area (Energy) we also value Reliance Industries Limited, Valero Energy Corporation, Marathon Petroleum Corporation, Phillips 66, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is E1 Corporation stock attractive at the current price?
The data as of Sep 27, 2026: price 91,700 KRW, calculated fair value 211,486 KRW (+131%), Quality Score 38/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 017940 calculated?
We run E1 Corporation through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 211,486 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. E1 Corporation currently trades 131 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of E1 Corporation (017940)?
The closing price on Sep 23, 2026 was 91,700 KRW. Our model-based fair value is 211,486 KRW, about +131% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with E1 Corporation right now?
The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (155,037 KRW). The market is more pessimistic than our downside scenario.

Key figures of E1 Corporation

How large is the market capitalisation of E1 Corporation (017940)?
The market capitalisation of E1 Corporation is 530B KRW (≈ $390M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of E1 Corporation (017940)?
The price-to-sales ratio of E1 Corporation is 0.05 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of E1 Corporation (017940)?
The dividend yield of E1 Corporation is 5.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of E1 Corporation (017940)?
The net margin of E1 Corporation is 1.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of E1 Corporation (017940)?
The return on equity (ROE) of E1 Corporation is 5.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of E1 Corporation (017940)?
On an EBIT basis the return on assets of E1 Corporation is 2.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of E1 Corporation (017940)?
The operating margin of E1 Corporation is −3.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at E1 Corporation (017940)?
Revenue at E1 Corporation is growing +29.6% versus a year earlier (3y avg +9.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at E1 Corporation (017940)?
Earnings per share at E1 Corporation are growing +13.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does E1 Corporation (017940) generate?
The free cash flow of E1 Corporation is 271B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does E1 Corporation (017940) carry?
The net debt of E1 Corporation is 6.7T KRW (fiscal year 2025, ≈ 24.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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