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Sammok S-Form Co (018310) Fair Value & Analysis

Basic Materials · KR · Market cap 204B KRW

SS Sammok S-Form Co 018310 · KQ
Price14,300 KRW
Fair Value22,128 KRW
Upside+54.7%
Quality44/100
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Mixed Growth
Thin margins · 3.0% net margin
Low debt · generates free cash flow
2.11% dividend yield
Mixed vs. peers (4/10)
Narrow moat 17/100
Evidence: High Range 16,596 KRW – 27,660 KRW Share as image

Fair value as of: Jul 20, 2026

From 22 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 12,094 KRW to 22,128 KRW (+83.0%) since Jul 6, 2026. Share price −4.9% over the past month.

Below-average quality, screening 55% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (16,596 KRW). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

28,801 KRW 10,344 KRW Fair Value 22,128 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 10,344 KRW – 28,801 KRW · fair‑value band 16,596 KRW – 27,660 KRW · the 14,300 KRW price screens below the 22,128 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Sammok S-Form Co (018310) currently trades at 14,300 KRW, while our model-based Fair Value estimate is 22,128 KRW, implying the stock looks roughly 54.7% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Sammok S-Form Co generated revenue of 312B KRW at a net margin of 3.0%. Revenue declined 6.5% year over year. It earns a return on equity of 1.4%. Fundamentals as of Jul 20, 2026

Our scenario range runs from 16,596 KRW (bear case) to 27,660 KRW (bull case); at 14,300 KRW, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 19% fair-value upside, at 55%, 018310 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Growth DCF 18,960 KRW 25,360 KRW 36,395 KRW 80
Residual Income 32,052 KRW 30,289 KRW 23,602 KRW 76
Rev-Margin DCF 10,146 KRW 12,572 KRW 15,671 KRW 74
All 22 models by family
DCF Models
FCF DCF 18,264 KRW 24,814 KRW 36,935 KRW 38
Owner Earnings 57,149 KRW 79,179 KRW 119,943 KRW 31
5Y Revenue Exit 10,146 KRW 12,251 KRW 15,156 KRW 39
5Y EBITDA Exit 23,308 KRW 34,810 KRW 49,428 KRW 41
5Y P/E Exit 11,865 KRW 15,197 KRW 19,025 KRW 38
10Y Revenue Exit 12,886 KRW 15,221 KRW 17,712 KRW 36
10Y EBITDA Exit 21,298 KRW 30,526 KRW 41,242 KRW 37
10Y P/E Exit 14,087 KRW 17,220 KRW 20,369 KRW 35
Earnings-Based
Graham-Dodd 4,838 KRW 8,681 KRW 10,701 KRW 54
EPV 4,049 KRW 4,444 KRW 4,795 KRW 59
Multiples
P/E Multiple 7,470 KRW 9,960 KRW 12,450 KRW 63
P/S Multiple 9,070 KRW 12,094 KRW 15,117 KRW 58
P/B Multiple 9,070 KRW 12,094 KRW 15,117 KRW 55
EV/EBIT 5,169 KRW 6,289 KRW 7,409 KRW 53
EV/EBITDA 29,918 KRW 39,288 KRW 48,658 KRW 54
EV/Revenue 5,886 KRW 7,633 KRW 9,381 KRW 43
Asset-Based
NCAV (Graham) 22,720 KRW 30,445 KRW 45,440 KRW 50
Growth DCF
Growth DCF 18,960 KRW 25,360 KRW 36,395 KRW 80
Rev-Margin DCF 10,146 KRW 12,572 KRW 15,671 KRW 74
Economic Profit
Residual Income 32,052 KRW 30,289 KRW 23,602 KRW 76
ROIC Compounder 4,049 KRW 4,444 KRW 4,795 KRW 72
Growth Earnings
Growth-Adj P/E 5,374 KRW 7,678 KRW 9,981 KRW 68

Widest divergence: Asset-Based (30,445 KRW) versus Earnings-Based (4,444 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 312B KRW
Revenue growth (YoY) -6.5%
Net margin 3.0%
Return on equity 1.4%
Free cash flow 22.1B KRW FY2025
Operating margin -8.3%
More key figures
Dividend yield 2.1%
EPS growth (YoY) -46.2%

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 48 · Market factors (momentum, volatility) 19

Profitability 20
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Sammok S-Form Co.,Ltd engages in the manufactures, sells, and leases formwork for construction and civil engineering works in South Korea and internationally. It offers aluminum and gang forms, as well as climbing systems. The company was founded in 1985 and is headquartered in Anseong-si, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sammok S-Form Co reported revenue of 317B KRW in FY2025 versus 210B KRW in FY2021, a compound +10.9%/yr. Reported net income was 10.2B KRW in FY2025, compounding −23.8%/yr from FY2021.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
317B KRW
Latest YoY
−21.1%
Avg. growth/yr (3Y) 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.
−2.1%
Avg. growth/yr (5Y) 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.
+22.2%
Avg. growth/yr (11Y) 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.
+2.1%
Revenue +10.9%/yr
FY21 210B KRW
FY22 338B KRW
FY23 439B KRW
FY24 402B KRW
FY25 317B KRW
Net income −23.8%/yr
FY21 30.3B KRW
FY22 59.8B KRW
FY23 119B KRW
FY24 73.4B KRW
FY25 10.2B KRW

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Cite: Fair Value Calculator (2026). "Sammok S-Form Co Fair Value". https://www.fairvalue-calculator.com/stock/018310

Peer Group

Aluminum · 83 stocks

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.

Quality Score 44 · Below median
Fair Value upside +55% · Top 25%
Return on equity (TTM) 1% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) -8% · Bottom 25%
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 2.1% · Above median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Aluminum median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 13
FUTURE 0 · sector 26
PAST 6 · sector 30
HEALTH 99 · sector 91
DIVIDEND 42 · sector 33

Values & ESG

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

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Aluminum stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Shandong Hongqiao Aluminum Industry Holding 002379 ¥18.54 ¥26.70 +44%
China Hongqiao Group 1378 HK$24.54 HK$45.53 +86%
Hindalco Industries Limited HINDALCO ₹955.80 ₹1,026 +7%
Aluminum Corporation 601600 ¥8.11 ¥12.58 +55%
Norsk Hydro ASA NHY kr 84.96 kr 58.10 -32%
Press Metal Aluminium Holdings 8869 8.02 MYR 3.88 MYR -52%
Alcoa Corporation AAI A$70.60 A$49.53 -30%
Yunnan Aluminium Co 000807 ¥25.12 ¥29.68 +18%
Henan Shenhuo Coal Industry and Electricity Power Co 000933 ¥25.51 ¥30.28 +19%
Tianshan Aluminum Group 002532 ¥11.99 ¥21.86 +82%

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Frequently asked questions

Is Sammok S-Form Co (018310) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 22,128 KRW versus a price of 14,300 KRW, about +55% (undervalued).
What is the fair value of 018310?
Our model-based fair value for Sammok S-Form Co is 22,128 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 14,300 KRW.
What is the quality score of 018310?
Sammok S-Form Co has a Quality Score of 44/100. 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 revenue of Sammok S-Form Co (018310)?
Sammok S-Form Co reported trailing-twelve-month revenue of about 312B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 018310?
The net profit margin of Sammok S-Form Co is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.
Does Sammok S-Form Co pay a dividend?
Sammok S-Form Co currently shows a dividend yield of about 1.97% relative to its recent price (as of Jul 20, 2026).

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.

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