Korea Eng Cons (023350) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Korea Eng Cons KRW 11,625, price KRW 3,875, upside +200.0%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 3,720 KRW – 11,084 KRW · fair‑value band 10,718 KRW – 14,531 KRW · the 3,875 KRW price screens below the 11,625 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. Dashed = 300-day average. As of Sep 24, 2026.
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Korea Engineering Consultants Corp. operates as a general construction engineering company in South Korea and internationally. The company offers plant engineering, general construction technology, design supervision, and surveying services.
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Korea Engineering Consultants Corp. operates as a general construction engineering company in South Korea and internationally. The company offers plant engineering, general construction technology, design supervision, and surveying services. It also provides planning, feasibility studies, design, testing, analysis, supervision, evaluation, consulting, and guidance in various engineering fields, such as water supply and sewage, water resource development, urban planning, landscaping, environment, roads, traffic, bridges, tunnels, ports, and railroads. The company was formerly known as Korea General Technology Development Corporation and changed its name to Korea Engineering Consultants Corp. in April 2006. The company was founded in 1963 and is headquartered in Hanam-si, South Korea. Korea Engineering Consultants Corp. operates as a subsidiary of KECC Holdings Inc.
Stock analysis
Korea Eng Cons (023350) currently trades at 3,875 KRW, while our model-based Fair Value estimate is 11,625 KRW, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 26,749 KRW per share, and 24 of the 24 models we run sit above the 3,875 KRW price.
Bear case: the Earnings-Based group reads lowest at 6,739 KRW, and 0 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 10,718 KRW (bear) to 14,531 KRW (bull), the price of 3,875 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 57/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Korea Eng Cons reported revenue of 413B KRW in FY2025 versus 268B KRW in FY2021, a compound +11.4%/yr. Reported net income was 8.5B KRW in FY2025, compounding −6.2%/yr from FY2021.
Key figures
Market cap 40.3B KRW (≈ $29.6M) · P/S ratio 0.10 · Dividend yield 3.9% · Net margin 2.1% · Return on equity 8.5% · Return on assets (EBIT) 1.1% · Operating margin 4.0% · Revenue (TTM) 425B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 200%, 023350 screens cheaper than that median.
Fair Value models
Bear 10,718 KRWFair Value 11,625 KRWBull 14,531 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.70/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.5%
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.
+13.3%
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.
+7.5%
Start year 2020 (pandemic). Over 10 years: +8.4% a year
Revenue growth 12 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.
+7.6%
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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.
+3.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.5%
Dividend (yield on the price)3.9%
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.2% → 2%
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 %
Yearly growth needed for the next five years to justify today's price.
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.Engineering & Construction · 840 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+200% · Top 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets1% · Below median
Net margin (TTM)3% · Below median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth14% · Above median
Dividend yield (TTM)3.9% · Top 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Korea Eng Cons Fair Value". https://www.fairvalue-calculator.com/stock/023350
Frequently asked questions
Is Korea Eng Cons (023350) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 11,625 KRW versus a price of 3,875 KRW, about +200% upside (undervalued).
What is the fair value of 023350?
Our model-based fair value for Korea Eng Cons is 11,625 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 3,875 KRW.
What is the quality score of 023350?
Korea Eng Cons has a Quality Score of 57/100. 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 Korea Eng Cons (023350)?
Our model-based price target is the fair value of 11,625 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 10,718 KRW, optimistic scenario 14,531 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Korea Eng Cons stock forecast for 2026?
Our models put fair value at 11,625 KRW, about +200% upside versus a price of 3,875 KRW (undervalued). Cautious scenario 10,718 KRW, optimistic scenario 14,531 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Korea Eng Cons (023350)?
Korea Eng Cons reported trailing-twelve-month revenue of about 425B KRW (latest available figure, as of Sep 24, 2026).
Does Korea Eng Cons pay a dividend?
Korea Eng Cons currently shows a dividend yield of about 3.87% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Korea Eng Cons (023350)?
For today's price to be fair in a discounted-cash-flow model, Korea Eng Cons would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 023350 use?
Our models discount Korea Eng Cons at 8.9 %: a base by market capitalisation (nano), damped by beta 0.49, 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 Korea Eng Cons that is less than minus 40 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Korea Eng Cons (023350) delivered so far?
Over the past 5 years revenue at Korea Eng Cons grew +7.5 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a 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 Korea Eng Cons (023350) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Korea Eng Cons (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Korea Eng Cons (023350)?
The free-cash-flow yield on the price is 49.78 %: that much free cash flow Korea Eng Cons produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Korea Eng Cons (023350)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korea Eng Cons it is 11,625 KRW per share (as of Sep 24, 2026), against a price of 3,875 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Korea Eng Cons stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 023350 trades below its calculated fair value: price 3,875 KRW, fair value 11,625 KRW, a gap of about +200% (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 023350?
No. The price is what the market pays today (3,875 KRW); the fair value is what the company's own numbers justify (11,625 KRW). For Korea Eng Cons the two are 7,750 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Korea Eng Cons worth?
The market values Korea Eng Cons at about 40.3B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 3,875 KRW; our models calculate a fair value of 11,625 KRW per share.
What do the bullish and bearish scenarios say about 023350?
Our models span a range for Korea Eng Cons: cautious scenario 10,718 KRW, base 11,625 KRW, optimistic 14,531 KRW per share (as of Sep 24, 2026, price 3,875 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Korea Eng Cons (023350)?
Balance-sheet figures for Korea Eng Cons (as of Sep 24, 2026): return on equity 8.5%, debt of 0.02 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 023350 from its 52-week high?
Korea Eng Cons trades at 3,875 KRW, about 29% below its 52-week high of 5,470 KRW and 4% above the low of 3,720 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 11,625 KRW is for.
Which stocks are comparable to Korea Eng Cons?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 Korea Eng Cons stock attractive at the current price?
The data as of Sep 24, 2026: price 3,875 KRW, calculated fair value 11,625 KRW (+200%), Quality Score 57/100, 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 023350 calculated?
We run Korea Eng Cons through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 11,625 KRW, 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 14.0 % above its aggregate fair value. Korea Eng Cons currently trades 200 % 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 Korea Eng Cons (023350)?
The closing price on Sep 23, 2026 was 3,875 KRW. Our model-based fair value is 11,625 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Korea Eng Cons right now?
The price is below even our cautious bear case (10,718 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Korea Eng Cons
How large is the market capitalisation of Korea Eng Cons (023350)?
The market capitalisation of Korea Eng Cons is 40.3B KRW (≈ $29.6M). 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 Korea Eng Cons (023350)?
The price-to-sales ratio of Korea Eng Cons is 0.10 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Korea Eng Cons (023350)?
The dividend yield of Korea Eng Cons is 3.9%. 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 Korea Eng Cons (023350)?
The net margin of Korea Eng Cons is 2.1% (fiscal year 2025). 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 Korea Eng Cons (023350)?
The return on equity (ROE) of Korea Eng Cons is 8.5% (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 Korea Eng Cons (023350)?
On an EBIT basis the return on assets of Korea Eng Cons is 1.1% (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 Korea Eng Cons (023350)?
The operating margin of Korea Eng Cons is 4.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Korea Eng Cons (023350)?
Revenue at Korea Eng Cons is growing +14.3% versus a year earlier (3y avg +13.3%). 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 Korea Eng Cons (023350)?
Earnings per share at Korea Eng Cons are growing +4.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Korea Eng Cons (023350) carry?
The net debt of Korea Eng Cons is 11.6B KRW (fiscal year 2019, ≈ 0.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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