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KB Autosys Co. Ltd (024120) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of KB Autosys Co. Ltd stock KRW 6,790, price KRW 3,085, upside +120.1%, quality 46 out of 100. Rating: strongly undervalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.

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Consumer Cyclical KR · ISIN KR7024120008

KA KB Autosys Co. Ltd logo Some data Nov 3, 2026

KB Autosys Co. Ltd

024120 · KQ
Cheap, value-trap risk

The stock costs 55% less than our calculation considers fair.

Fair value 6,790 KRW · Strongly undervalued
Low debt
Costs just 4.6 times its yearly profit.
Quality 46/100
Mixed Growth (revenue 5y +10.3 %/yr in KRW)
Thin margins · 3.5% net margin (TTM)
8.1% dividend yield · Watch coverage
Mixed vs. peers (6/13)
Some data
Negative free cash flow
Narrow moat 32/100
⟳ Cyclical
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

7,948 KRW 2,555 KRW Fair Value 6,790 KRW Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range 2,555 KRW – 7,948 KRW · fair‑value band 5,067 KRW – 8,013 KRW · the 3,085 KRW price screens below the 6,790 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.

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Company profile

KB Autosys Co., Ltd. manufactures and sells brake pads for the automobile industry in South Korea and internationally. It offers front/rear brake pads, drum brake linings, and lining shoe assembly products.

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The company was formerly known as Korea Beral Co., Ltd. and changed its name to KB Autosys Co., Ltd. in January 2010. KB Autosys Co., Ltd. was founded in 1985 and is headquartered in Asan-si, South Korea.

Stock analysis

KB Autosys Co. Ltd (024120) currently trades at 3,085 KRW, while our model-based Fair Value estimate is 6,790 KRW, implying the stock looks roughly 55% undervalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of 6,790 KRW per share, and 12 of the 15 models we run sit above the 3,085 KRW price.

Bear case: the Dividend Discount group reads lowest at 3,101 KRW, and 3 of the 15 models stay below the price. Data coverage for this calculation is medium.

Scenario range: 5,067 KRW (bear) to 8,013 KRW (bull), the price of 3,085 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 46/100 (below-average quality), in the Consumer Cyclical sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

KB Autosys Co. Ltd reported revenue of 215B KRW in FY2025 versus 130B KRW in FY2021, a compound +13.4%/yr. Reported net income was 3.9B KRW in FY2025.

Key figures

Market cap 35.5B KRW (≈ $26.2M) Micro · P/E ratio 4.6 · P/S ratio 0.16 · EPS (TTM) 685.68 KRW · Dividend yield 8.1% · Net margin 3.5% · Return on equity 6.6% · Return on assets (EBIT) 1.0% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 24% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 120%, 024120 screens cheaper than that median.

Fair Value models

Bear 5,067 KRW Fair Value 6,790 KRW Bull 8,013 KRW
Price 3,085 KRW · Upside +120.1%
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 (373.61 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
Residual Income 7,573 KRW 7,444 KRW 7,600 KRW 76
EPV 4,945 KRW 5,901 KRW 6,733 KRW 74
ROIC Compounder 4,945 KRW 5,901 KRW 6,733 KRW 72
All 15 models by family
Earnings-Based
Graham-Dodd 2,305 KRW 5,853 KRW 7,609 KRW 65
PEG = 1.0 1,087 KRW 1,552 KRW 2,018 KRW 57
EPV 4,945 KRW 5,901 KRW 6,733 KRW 74
Dividend Discount
Gordon GGM 1,814 KRW 3,454 KRW 5,755 KRW 66
DDM Multi-Stage 1,814 KRW 2,749 KRW 3,747 KRW 66
Multiples
P/E Multiple 5,593 KRW 7,457 KRW 9,321 KRW 63
P/S Multiple 4,322 KRW 5,762 KRW 7,203 KRW 58
P/B Multiple 5,244 KRW 6,992 KRW 8,740 KRW 55
EV/EBIT 1,803 KRW 5,142 KRW 8,480 KRW 61
EV/EBITDA 6,333 KRW 11,181 KRW 16,029 KRW 65
EV/Revenue n/a 1,433 KRW 4,326 KRW 50
Asset-Based
NCAV (Graham) 5,067 KRW 6,790 KRW 10,135 KRW 54
Economic Profit
Residual Income 7,573 KRW 7,444 KRW 7,600 KRW 76
ROIC Compounder 4,945 KRW 5,901 KRW 6,733 KRW 72
Growth Earnings
Growth-Adj P/E 4,315 KRW 6,164 KRW 8,013 KRW 67

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Quality Score breakdown

Overall quality 46/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 29
How much profit the company makes from its sales and capital
Quality Growth 47
Are margins and returns getting better?
Cashflow 23
Do the profits arrive as real cash?
Financial strength 37
Debt, balance sheet and risk of trouble
Investment 73
Does it invest with discipline instead of growing at any price?
Low Volatility 86
How calm the share price moves, does not count
Price momentum 29
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 19
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

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Revenue & earnings trend

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. 42/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.3%
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.
+6.5%
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.
+10.3%
Start year 2020 (pandemic). Over 10 years: +5.2% a year
Revenue growth 17 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.
+6.0%
What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+25.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.9%
Dividend (yield on the price)8.1%
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.−11.1% vs −12.2%, steady
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.5% → 4%
2025 sits 254% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)

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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.Auto Parts · 655 stocks

Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 46 · Below median
Fair Value upside +120.1% · Top 25%
Profitability
Return on equity (12 months) 6.6% · Below median
Return on assets 1.5% · Below median
Net margin (12 months) 3.5% · Below median
Operating margin (12 months) 3.2% · Below median
Growth and dividend
Revenue growth (quarter YoY) 5.5% · Below median
Dividend yield (12 months) 8.1% · Top 25%
Balance sheet
Debt / equity 0.17× · Above median

Valuation Multiplesvs Auto Parts median · lower = cheaper

P/E (12 months) 4.6× · Cheapest 25%
P/B 0.30× · Cheapest 25%
P/S (12 months) 0.16× · Cheapest 25%
EV/EBITDA 2.5× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 33
FUTURE (revenue growth)28 · sector 34
PAST (return on equity)27 · sector 31
HEALTH (low debt)91 · sector 95
DIVIDEND (yield)100 · sector 39

Context: sector, industry, market

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

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Magna International Inc MGA $61.86 $98.98 +60% vs 024120
Hyundai Mobis Co 012330 349,000 KRW 534,994 KRW +53% vs 024120
Genuine Parts Company GPC $122.80 $115.96 −6% vs 024120
Knorr-Bremse AG KBX €94.45 €72.88 −23% vs 024120
AutoZone, Inc AZO $3,216 $2,468 −23% vs 024120
Fuyao Glass Industry Group 600660 ¥55.92 ¥40.74 −27% vs 024120
Ningbo Tuopu Group 601689 ¥44.71 ¥32.24 −28% vs 024120
Samvardhana Motherson International Limited MOTHERSON ₹158.55 ₹96.06 −39% vs 024120
O'Reilly Automotive, Inc ORLY $89.89 $48.66 −46% vs 024120
Bosch Limited BOSCHLTD ₹50,700 ₹25,168 −50% vs 024120

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KB Autosys Co. Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "KB Autosys Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/024120

Frequently asked questions

Is KB Autosys Co. Ltd (024120) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 6,790 KRW versus a price of 3,085 KRW, about +120% upside (undervalued).
What is the fair value of 024120?
Our model-based fair value for KB Autosys Co. Ltd is 6,790 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 3,085 KRW.
What is the quality score of 024120?
KB Autosys Co. Ltd has a Quality Score of 46/100. 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 KB Autosys Co. Ltd (024120)?
Our model-based price target is the fair value of 6,790 KRW (as of Nov 3, 2026) from 15 valuation models. Cautious scenario 5,067 KRW, optimistic scenario 8,013 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the KB Autosys Co. Ltd stock forecast for 2026?
Our models put fair value at 6,790 KRW, about +120% upside versus a price of 3,085 KRW (undervalued). Cautious scenario 5,067 KRW, optimistic scenario 8,013 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of KB Autosys Co. Ltd (024120)?
KB Autosys Co. Ltd reported trailing-twelve-month revenue of about 224B KRW (latest available figure, as of Nov 3, 2026).
Does KB Autosys Co. Ltd pay a dividend?
KB Autosys Co. Ltd currently shows a dividend yield of 8.10% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of KB Autosys Co. Ltd (024120) and when is the ex-dividend date?
KB Autosys Co. Ltd pays a dividend of 250.00 KRW per share a year, a dividend yield of 8.1%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2001. The payout ratio is 36.5% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of KB Autosys Co. Ltd (024120)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KB Autosys Co. Ltd it is 6,790 KRW per share (as of Nov 3, 2026), against a price of 3,085 KRW. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is KB Autosys Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 024120 trades below its calculated fair value: price 3,085 KRW, fair value 6,790 KRW, a gap of about +120% (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 024120?
No. The price is what the market pays today (3,085 KRW); the fair value is what the company's own numbers justify (6,790 KRW). For KB Autosys Co. Ltd the two are 3,705 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is KB Autosys Co. Ltd worth?
The market values KB Autosys Co. Ltd at about 35.5B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 3,085 KRW; our models calculate a fair value of 6,790 KRW per share.
What do the bullish and bearish scenarios say about 024120?
Our models span a range for KB Autosys Co. Ltd: cautious scenario 5,067 KRW, base 6,790 KRW, optimistic 8,013 KRW per share (as of Nov 3, 2026, price 3,085 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 024120?
KB Autosys Co. Ltd trades at a price-to-earnings ratio of 4.6 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 6,790 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 10.7. Other multiples: P/B 0.3, P/S 0.2, EV/EBITDA 2.5.
How solid is the balance sheet of KB Autosys Co. Ltd (024120)?
Balance-sheet figures for KB Autosys Co. Ltd (as of Nov 3, 2026): return on equity 6.6%, debt of 0.17 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 024120 from its 52-week high?
KB Autosys Co. Ltd trades at 3,085 KRW, about 24% below its 52-week high of 4,065 KRW and 5% above the low of 2,950 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 6,790 KRW is for.
Which stocks are comparable to KB Autosys Co. Ltd?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 KB Autosys Co. Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price 3,085 KRW, calculated fair value 6,790 KRW (+120%), Quality Score 46/100, from 15 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 024120 calculated?
We run KB Autosys Co. Ltd through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 6,790 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. KB Autosys Co. Ltd currently trades 55% 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 KB Autosys Co. Ltd (024120)?
The closing price on Nov 6, 2026 was 3,085 KRW. Our model-based fair value is 6,790 KRW, about +120% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KB Autosys Co. Ltd right now?
The large discount to fair value meets weak quality (46/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (5,067 KRW). The market is more pessimistic than our downside scenario.

Key figures of KB Autosys Co. Ltd

How large is the market capitalisation of KB Autosys Co. Ltd (024120)?
The market capitalisation of KB Autosys Co. Ltd is 35.5B KRW (≈ $26.2M). 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 KB Autosys Co. Ltd (024120)?
The price-to-sales ratio of KB Autosys Co. Ltd is 0.16 (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 KB Autosys Co. Ltd (024120)?
Earnings per share at KB Autosys Co. Ltd are 685.68 KRW (price ÷ EPS = P/E 4.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of KB Autosys Co. Ltd (024120)?
The dividend yield of KB Autosys Co. Ltd is 8.1% (payout 36.5%). 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 KB Autosys Co. Ltd (024120)?
The net margin of KB Autosys Co. Ltd is 3.5% (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 KB Autosys Co. Ltd (024120)?
The return on equity (ROE) of KB Autosys Co. Ltd is 6.6% (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 KB Autosys Co. Ltd (024120)?
On an EBIT basis the return on assets of KB Autosys Co. Ltd is 1.0% (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 KB Autosys Co. Ltd (024120)?
The operating margin of KB Autosys Co. Ltd is 3.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KB Autosys Co. Ltd (024120)?
Revenue at KB Autosys Co. Ltd is growing +5.5% versus a year earlier (3y avg +6.5%). 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 KB Autosys Co. Ltd (024120)?
Earnings per share at KB Autosys Co. Ltd are growing +684% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does KB Autosys Co. Ltd (024120) generate?
The free cash flow of KB Autosys Co. Ltd is −3.6B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does KB Autosys Co. Ltd (024120) carry?
The net debt of KB Autosys Co. Ltd is 94.4B KRW (fiscal year 2025). 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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