Sammok S-Form Co.Ltd (018310) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sammok S-Form Co.Ltd stock KRW 23,200, price KRW 14,500, upside +60.0%, quality 44 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 12,092 KRW – 28,801 KRW · fair‑value band 19,566 KRW – 27,412 KRW · the 14,500 KRW price screens below the 23,200 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. As of Nov 4, 2026.
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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.
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The company was founded in 1985 and is headquartered in Anseong-si, South Korea.
Stock analysis
Sammok S-Form Co.Ltd (018310) currently trades at 14,500 KRW, while our model-based Fair Value estimate is 23,200 KRW, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 19,812 KRW per share, and 9 of the 24 models we run sit above the 14,500 KRW price.
Bear case: the Earnings-Based group reads lowest at 6,111 KRW, and 15 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 19,566 KRW (bear) to 27,412 KRW (bull), the price of 14,500 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 44/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Sammok S-Form Co.Ltd 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.
Key figures
Market cap 206B KRW (≈ $152M) Micro · P/E ratio 40.6 · P/S ratio 0.68 · EPS (TTM) 361.11 KRW · Dividend yield 2.1% · Net margin 1.7% · Return on equity 0.8% · Return on assets (EBIT) 7.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 0% fair-value upside, at 60%, 018310 screens cheaper than that median.
Fair Value models
Bear19,566 KRWFair Value 23,200 KRWBull27,412 KRW
Price 14,500 KRW · Upside +60.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (52.40 KRW per share) are deliberately not added.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.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF13,189 KRW15,801 KRW19,797 KRW80
Growth DCF13,380 KRW15,825 KRW19,307 KRW78
Owner Earnings17,767 KRW21,429 KRW27,032 KRW76
All 24 models by family
DCF Models
FCF DCF13,189 KRW15,801 KRW19,797 KRW80
Owner Earnings17,767 KRW21,429 KRW27,032 KRW76
5Y Revenue Exit9,180 KRW10,914 KRW13,306 KRW72
5Y EBITDA Exit19,987 KRW29,388 KRW41,321 KRW73
5Y P/E Exit10,592 KRW13,327 KRW16,469 KRW70
10Y Revenue Exit10,946 KRW12,598 KRW14,334 KRW66
10Y EBITDA Exit16,618 KRW22,862 KRW30,056 KRW67
10Y P/E Exit11,756 KRW13,939 KRW16,109 KRW63
Earnings-Based
Graham-Dodd4,838 KRW8,681 KRW10,701 KRW64
EPV3,361 KRW3,542 KRW3,687 KRW74
Dividend Discount
Gordon GGM1,360 KRW1,648 KRW1,902 KRW67
DDM Multi-Stage1,360 KRW1,693 KRW2,019 KRW65
Multiples
P/E Multiple7,470 KRW9,960 KRW12,450 KRW63
P/S Multiple9,070 KRW12,094 KRW15,117 KRW58
P/B Multiple15,336 KRW20,448 KRW25,560 KRW55
EV/EBIT5,169 KRW6,289 KRW7,409 KRW66
EV/EBITDA29,918 KRW39,288 KRW48,658 KRW67
EV/Revenue5,886 KRW7,633 KRW9,381 KRW54
Asset-Based
NCAV (Graham)13,076 KRW19,812 KRW24,765 KRW54
Growth DCF
Growth DCF13,380 KRW15,825 KRW19,307 KRW78
Rev-Margin DCF9,180 KRW11,199 KRW13,788 KRW72
Economic Profit
Residual Income24,008 KRW25,809 KRW28,223 KRW74
ROIC Compounder3,361 KRW3,542 KRW3,687 KRW70
Growth Earnings
Growth-Adj P/E5,374 KRW7,678 KRW9,981 KRW65
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−21.1%
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.
−2.1%
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.
+22.2%
Start year 2020 (pandemic). Over 10 years: +2.0% a year
Revenue growth 11 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.
+2.1%
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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.
−6.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.3%
Dividend (yield on the price)2.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−8.3% vs −12.0%, picking up
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.−11% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
Price, fair value, quality and upside side by side.
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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.Aluminum · 83 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside+60.0% · Top 25%
Profitability
Return on equity (12 months)0.8% · Bottom 25%
Return on assets1.3% · Bottom 25%
Net margin (12 months)1.7% · Bottom 25%
Operating margin (12 months)−3.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−9.9% · Bottom 25%
Dividend yield (12 months)2.1% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Aluminum median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Sammok S-Form Co.Ltd (018310) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 23,200 KRW versus a price of 14,500 KRW, about +60% upside (undervalued).
What is the fair value of 018310?
Our model-based fair value for Sammok S-Form Co.Ltd is 23,200 KRW (as of Nov 4, 2026), built from audited fundamentals. The current price: 14,500 KRW.
What is the quality score of 018310?
Sammok S-Form Co.Ltd 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 price target for Sammok S-Form Co.Ltd (018310)?
Our model-based price target is the fair value of 23,200 KRW (as of Nov 4, 2026) from 24 valuation models. Cautious scenario 19,566 KRW, optimistic scenario 27,412 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Sammok S-Form Co.Ltd stock forecast for 2026?
Our models put fair value at 23,200 KRW, about +60% upside versus a price of 14,500 KRW (undervalued). Cautious scenario 19,566 KRW, optimistic scenario 27,412 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Sammok S-Form Co.Ltd (018310)?
Sammok S-Form Co.Ltd reported trailing-twelve-month revenue of about 303B KRW (latest available figure, as of Nov 4, 2026).
Does Sammok S-Form Co.Ltd pay a dividend?
Sammok S-Form Co.Ltd currently shows a dividend yield of 2.07% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Sammok S-Form Co.Ltd (018310) and when is the ex-dividend date?
Sammok S-Form Co.Ltd pays a dividend of 300.00 KRW per share a year, a dividend yield of 2.1%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2001. The payout ratio is 83.1% of earnings. Free cash flow covers the dividend 5.12 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Sammok S-Form Co.Ltd (018310)?
For today's price to be fair in a discounted-cash-flow model, Sammok S-Form Co.Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.2 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of 018310 use?
Our models discount Sammok S-Form Co.Ltd at 12.9 %: a base by market capitalisation (micro), damped by beta 0.93, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sammok S-Form Co.Ltd that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has Sammok S-Form Co.Ltd (018310) delivered so far?
Over the past 5 years revenue at Sammok S-Form Co.Ltd grew +22.2 % a year. The price currently implies free-cash-flow growth of less than minus 40 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sammok S-Form Co.Ltd (018310) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into Sammok S-Form Co.Ltd (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sammok S-Form Co.Ltd (018310)?
The free-cash-flow yield on the price is 10.71 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Sammok S-Form Co.Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sammok S-Form Co.Ltd (018310)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sammok S-Form Co.Ltd it is 23,200 KRW per share (as of Nov 4, 2026), against a price of 14,500 KRW. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sammok S-Form Co.Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 018310 trades below its calculated fair value: price 14,500 KRW, fair value 23,200 KRW, a gap of about +60% (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 018310?
No. The price is what the market pays today (14,500 KRW); the fair value is what the company's own numbers justify (23,200 KRW). For Sammok S-Form Co.Ltd the two are 8,700 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Sammok S-Form Co.Ltd worth?
The market values Sammok S-Form Co.Ltd at about 206B KRW (market capitalisation, as of Nov 4, 2026). Per share that is 14,500 KRW; our models calculate a fair value of 23,200 KRW per share.
What do the bullish and bearish scenarios say about 018310?
Our models span a range for Sammok S-Form Co.Ltd: cautious scenario 19,566 KRW, base 23,200 KRW, optimistic 27,412 KRW per share (as of Nov 4, 2026, price 14,500 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 018310?
Sammok S-Form Co.Ltd trades at a price-to-earnings ratio of 40.6 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 23,200 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 5.2. Other multiples: P/B 0.3, P/S 0.7, EV/EBITDA 3.1.
How solid is the balance sheet of Sammok S-Form Co.Ltd (018310)?
Balance-sheet figures for Sammok S-Form Co.Ltd (as of Nov 4, 2026): return on equity 0.8%, debt of 0.01 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 018310 from its 52-week high?
Sammok S-Form Co.Ltd trades at 14,500 KRW, about 33% below its 52-week high of 21,550 KRW and 15% above the low of 12,620 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 23,200 KRW is for.
Which stocks are comparable to Sammok S-Form Co.Ltd?
From the same area (Basic Materials) we also value Shandong Hongqiao Aluminum Industry Holding, Aluminum Corporation, China Hongqiao Group, Hindalco Industries Limited, 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 Sammok S-Form Co.Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price 14,500 KRW, calculated fair value 23,200 KRW (+60%), Quality Score 44/100, from 24 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 018310 calculated?
We run Sammok S-Form Co.Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 23,200 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Sammok S-Form Co.Ltd currently trades 38% 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 Sammok S-Form Co.Ltd (018310)?
The closing price on Nov 6, 2026 was 14,500 KRW. Our model-based fair value is 23,200 KRW, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sammok S-Form Co.Ltd right 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 (19,566 KRW). The market is more pessimistic than our downside scenario.
Key figures of Sammok S-Form Co.Ltd
How large is the market capitalisation of Sammok S-Form Co.Ltd (018310)?
The market capitalisation of Sammok S-Form Co.Ltd is 206B KRW (≈ $152M). 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 Sammok S-Form Co.Ltd (018310)?
The price-to-sales ratio of Sammok S-Form Co.Ltd is 0.68 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sammok S-Form Co.Ltd (018310)?
Earnings per share at Sammok S-Form Co.Ltd are 361.11 KRW (price ÷ EPS = P/E 40.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sammok S-Form Co.Ltd (018310)?
The dividend yield of Sammok S-Form Co.Ltd is 2.1% (payout 83.1%). 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 Sammok S-Form Co.Ltd (018310)?
The net margin of Sammok S-Form Co.Ltd is 1.7% (last twelve months). 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 Sammok S-Form Co.Ltd (018310)?
The return on equity (ROE) of Sammok S-Form Co.Ltd is 0.8% (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 Sammok S-Form Co.Ltd (018310)?
On an EBIT basis the return on assets of Sammok S-Form Co.Ltd is 7.4% (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 Sammok S-Form Co.Ltd (018310)?
The operating margin of Sammok S-Form Co.Ltd is −3.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sammok S-Form Co.Ltd (018310)?
Revenue at Sammok S-Form Co.Ltd is growing −9.9% versus a year earlier (3y avg −2.1%). 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 Sammok S-Form Co.Ltd (018310)?
Earnings per share at Sammok S-Form Co.Ltd are growing −53.4% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 4, 2026