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THN Corporation (019180) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 130B KRW

TC THN Corporation 019180 · KO
Price6,200 KRW
Fair Value5,546 KRW
Upside-10.5%
Quality61/100
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Evidence: High Range 3,898 KRW – 8,607 KRW

Fair value as of: Jul 6, 2026

From 24 valuation models · updated yesterday

Fair value updated Jul 6, 2026 — revised from 64,849 KRW to 5,546 KRW (−91.4%) since Jun 24, 2026. Share price −17.0% over the past month.

Price vs Fair Value (12 months)

9,680 KRW 2,760 KRW Fair Value 5,546 KRW Jun 2025 Jul 2026

12‑month range 2,760 KRW – 9,680 KRW · fair‑value band 3,898 KRW – 8,607 KRW · the 6,200 KRW price screens above the 5,546 KRW fair value. As of Jul 6, 2026.

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Analysis

THN Corporation (019180) currently trades at 6,200 KRW, while our model-based Fair Value estimate is 5,546 KRW — implying the stock looks roughly 10.5% overvalued today. We read business quality at 61/100 (solid quality), in the Consumer Cyclical 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: high).

Over the trailing twelve months, THN Corporation generated revenue of 1.1T KRW at a net margin of 7.4%. Revenue grew 62.1% year over year. It earns a return on equity of 40.6%. Net debt stands at 47.3B KRW. Fundamentals as of Jul 6, 2026

Our scenario range runs from 3,898 KRW (bear case) to 8,607 KRW (bull case); at 6,200 KRW, the current price sits within that range. The share trades about 40% below its 52-week high and 130% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -47% fair-value upside — at -11%, 019180 screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 1.1T KRW
Revenue growth (YoY) +62.1%
Net margin 7.4%
Return on equity 40.6%
Free cash flow 53.7B KRW FY2025
Operating margin 6.3%
More key figures
Dividend yield 1.7%
EPS growth (YoY) +312%
Net debt 47.3B KRW FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 6, 2026. TTM = trailing twelve months.

About the company

THN Corporation manufactures and sells automotive electronics in South Korea and internationally. It offers electric and electronic distribution systems; electronic control network products; and junction blocks and 48V converter parts, as well as wires and parts for reducing the weight of wiring. The company was formerly known as Dong-hae corp. and changed its name to THN Corporation in 2008. THN Corporation was founded in 1986 and is headquartered in Daegu, South Korea.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

THN Corporation reported revenue of 989B KRW in FY2025 versus 403B KRW in FY2021, a compound +25.2%/yr. Reported net income was 68.7B KRW in FY2025, compounding +41.4%/yr from FY2021.

Revenue +25.2%/yr
FY21 403B KRW
FY22 470B KRW
FY23 586B KRW
FY24 651B KRW
FY25 989B KRW
Net income +41.4%/yr
FY21 17.2B KRW
FY22 −4.8B KRW
FY23 28.4B KRW
FY24 31.8B KRW
FY25 68.7B KRW

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Cite: Fair Value Calculator (2026). "THN Corporation Fair Value". https://www.fairvalue-calculator.com/stock/019180

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Frequently asked questions

Is THN Corporation (019180) undervalued?
As of Jul 6, 2026, our model estimates a fair value of 5,546 KRW versus a price of 6,200 KRW — about −11% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 019180?
Our model-based fair value for THN Corporation is 5,546 KRW (as of Jul 6, 2026), built from audited fundamentals. The current price is 6,200 KRW.
What is the quality score of 019180?
THN Corporation has a Quality Score of 61/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of THN Corporation (019180)?
THN Corporation reported trailing-twelve-month revenue of about 1.1T KRW (latest available figure, as of Jul 6, 2026).
What is the net profit margin of 019180?
The net profit margin of THN Corporation is about 7.4%, meaning it keeps roughly 7.4% of revenue as net income. Based on the latest reported figures.
Does THN Corporation pay a dividend?
THN Corporation currently shows a dividend yield of about 1.66% relative to its recent price (as of Jul 6, 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.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.