Jeongsan Aikang Co.Ltd (022220) Fair Value & Analysis
Industrials · KR · Market cap 29.0B KRW
Risks
Fair value as of: Aug 13, 2026
From 3 valuation models · updated 7 days ago
Fair value updated Aug 13, 2026, revised from 102.82 KRW to 96.63 KRW (−6.0%) since Jul 20, 2026. Share price +9.2% over the past month.
Below-average quality, and screening another 84% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (108.50 KRW). The favourable scenario is already priced in.
- Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 510.00 KRW – 3,090 KRW · fair‑value band 88.77 KRW – 108.50 KRW · the 603.00 KRW price screens above the 96.63 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Jeongsan Aikang Co.Ltd (022220) currently trades at 603.00 KRW, while our model-based Fair Value estimate is 96.63 KRW, implying the stock looks roughly 84.0% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Industrials 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: low).
Over the trailing twelve months, Jeongsan Aikang Co.Ltd generated revenue of 70.5B KRW at a net margin of -17.9%. Revenue grew 51.6% year over year. It earns a return on equity of -14.0%. Net debt stands at 35.2B KRW. Fundamentals as of Aug 13, 2026
Our scenario range runs from 88.77 KRW (bear case) to 108.50 KRW (bull case); at 603.00 KRW, the current price sits above 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 44% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -57% fair-value upside, at -84%, 022220 screens richer 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.
All 3 models by family
Widest divergence: Asset-Based (1,121 KRW) versus Dividend Discount (102.82 KRW). Highest evidence: Gordon GGM (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 35 · Market factors (momentum, volatility) 28
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
TKG Aikang Co.,Ltd. engages in the manufacture and sale of piping materials for water supply, heating, and firefighting in South Korea and internationally.
Full company description
TKG Aikang Co.,Ltd. engages in the manufacture and sale of piping materials for water supply, heating, and firefighting in South Korea and internationally. It provides chlorinated polyvinyl chloride, polybutylene (PB), brass fitting, water header, tap plate, flexible sprinkler pipe, PB pipe and fitting, faucet box, distributor, sprinkler head, flow control valve, and PE-RT products. The company was formerly known as Aikang Remetech Co., Ltd. and changed its name to TKG Aikang Co.,Ltd. in April 2016. TKG Aikang Co.,Ltd. was founded in 1990 and is headquartered in Chungju-si, South Korea. As of April 24, 2026, TKG Aikang Co.,Ltd. operates as a subsidiary of TKG TAEKWANG Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Jeongsan Aikang Co.Ltd reported revenue of 64.7B KRW in FY2025 versus 66.6B KRW in FY2021, a compound −0.7%/yr. Reported net income was −11.5B KRW in FY2025.
022220 screens 84% overvalued. Compare with Trane Technologies plc →
Peer Group
Building Products & Equipment · 250 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.
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Trane Technologies plc TT | $480.20 | $208.50 | -57% |
| Johnson Controls International plc JCI | $152.79 | $44.75 | -71% |
| Carrier Global Corporation CARR | $63.08 | $16.85 | -73% |
| Compagnie de Saint-Gobain S.A SGO | €84.24 | €97.97 | +16% |
| PT Impack Pratama Industri Tbk, IMPC | 1,405 IDR | 179.76 IDR | -87% |
| NIBE Industrier AB NIBEB | kr 38.59 | kr 25.37 | -34% |
| Rockwool A/S ROCKA | kr 232.00 | kr 232.55 | +0% |
| Beijing New Building Materials Public Limited 000786 | ¥18.73 | ¥31.73 | +69% |
| Moon Environment Technology Co 000811 | ¥42.22 | ¥11.94 | -72% |
| The Supreme Industries Limited SUPREMEIND | ₹3,460 | ₹1,376 | -60% |
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Frequently asked questions
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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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