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Seowon Co (021050) Fair Value & Analysis

Industrials · KR · Market cap 49.0B KRW

SC Seowon Co 021050 · KO
Price1,069 KRW
Fair Value2,200 KRW
Upside+105.8%
Quality45/100
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Expensive Growth
Thin margins · 0.1% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (5/9)
Narrow moat 31/100
Evidence: Medium Range 2,200 KRW – 6,233 KRW Share as image

Fair value as of: Jul 24, 2026

From 8 valuation models · updated 17 days ago

Share price +4.2% over the past month.

Below-average quality, screening 106% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (2,200 KRW). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (2,200 KRW to 6,233 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

3,464 KRW 919.00 KRW Fair Value 2,200 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 919.00 KRW – 3,464 KRW · fair‑value band 2,200 KRW – 6,233 KRW · the 1,069 KRW price screens below the 2,200 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

Full chart & analysis →

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Analysis

Seowon Co (021050) currently trades at 1,069 KRW, while our model-based Fair Value estimate is 2,200 KRW, implying the stock looks roughly 105.8% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Industrials 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: medium), always confirm before acting.

Over the trailing twelve months, Seowon Co generated revenue of 1.8T KRW at a net margin of 0.1%. Revenue grew 14.4% year over year. It earns a return on equity of 3.7%. Net debt stands at 534B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 2,200 KRW (bear case) to 6,233 KRW (bull case); at 1,069 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 46% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at 106%, 021050 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
ROIC Compounder 9,484 KRW 14,555 KRW 21,509 KRW 72
Gordon GGM 137.73 KRW 286.36 KRW 454.29 KRW 70
DDM Multi-Stage 137.73 KRW 241.47 KRW 300.55 KRW 61
All 8 models by family
Earnings-Based
EPV 7,393 KRW 8,871 KRW 10,164 KRW 59
Dividend Discount
Gordon GGM 137.73 KRW 286.36 KRW 454.29 KRW 70
DDM Multi-Stage 137.73 KRW 241.47 KRW 300.55 KRW 61
Multiples
EV/EBIT 9,388 KRW 13,007 KRW 16,627 KRW 53
EV/EBITDA 7,904 KRW 11,029 KRW 14,154 KRW 54
EV/Revenue 7,940 KRW 11,973 KRW 16,006 KRW 43
Asset-Based
NCAV (Graham) 1,536 KRW 2,059 KRW 3,073 KRW 50
Economic Profit
ROIC Compounder 9,484 KRW 14,555 KRW 21,509 KRW 72

Widest divergence: Economic Profit (14,555 KRW) versus Dividend Discount (241.47 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 1.8T KRW
Revenue growth (YoY) +14.4%
Net margin 0.1%
Return on equity 3.7%
Free cash flow −18.5B KRW FY2025
Operating margin 5.5%
More key figures
EPS growth (YoY) +491%
Net debt 534B KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 42 · Market factors (momentum, volatility) 25

Profitability 30
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 15
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 82
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

Seowon Co., Ltd. manufactures and sells non-ferrous metals in South Korea. The company offers brass billets, slabs, and ingots, as well as bronze ingots; and recycles brass ash, granular brass and aluminum, clove, sludge, mill berry, oxidized copper, and grinding powder, as well as copper rods for electric wires and copper billets.

Full company description

Seowon Co., Ltd. manufactures and sells non-ferrous metals in South Korea. The company offers brass billets, slabs, and ingots, as well as bronze ingots; and recycles brass ash, granular brass and aluminum, clove, sludge, mill berry, oxidized copper, and grinding powder, as well as copper rods for electric wires and copper billets. Its products are used in various applications, such as cars and industrial machinery parts, electrical and electronic equipment parts, ship building components and firefighting facilities, faucets, heat exchange appliances parts, and high-tech equipment and heavy industry products. The company was founded in 1988 and is headquartered in Ansan-Si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Seowon Co reported revenue of 1.7T KRW in FY2025 versus 262B KRW in FY2021, a compound +60.0%/yr. Reported net income was −5.6B KRW in FY2025.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.7T KRW
Latest YoY
+39.4%
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.
+83.9%
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.
+48.4%
Avg. growth/yr (22Y) 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.
+9.9%
Revenue +60.0%/yr
FY21 262B KRW
FY22 276B KRW
FY23 233B KRW
FY24 1.2T KRW
FY25 1.7T KRW
Net income
FY21 14.8B KRW
FY22 276M KRW
FY23 −10.2B KRW
FY24 49.5B KRW
FY25 −5.6B KRW

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Cite: Fair Value Calculator (2026). "Seowon Co Fair Value". https://www.fairvalue-calculator.com/stock/021050

Peer Group

Metal Fabrication · 243 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 45 · Below median
Fair Value upside +106% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 4% · Above median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth 14% · Above median
Debt / equity 0.70× · Higher than 75% of peers

Valuation Multiples vs Metal Fabrication median · lower = cheaper

EV/EBITDA 0.9× · 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 0
FUTURE 72 · sector 37
PAST 15 · sector 21
HEALTH 65 · sector 95
DIVIDEND 0 · sector 25

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 Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

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Frequently asked questions

Is Seowon Co (021050) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 2,200 KRW versus a price of 1,069 KRW, about +106% (undervalued).
What is the fair value of 021050?
Our model-based fair value for Seowon Co is 2,200 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 1,069 KRW.
What is the quality score of 021050?
Seowon Co has a Quality Score of 45/100. 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 Seowon Co (021050)?
Seowon Co reported trailing-twelve-month revenue of about 1.8T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 021050?
The net profit margin of Seowon Co is about 0.1%, meaning it keeps roughly 0.1% of revenue as net income. Based on the latest reported figures.

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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