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KB Autosys Co (024120) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 36.5B KRW

KA KB Autosys Co 024120 · KQ
Price3,035 KRW
Fair Value5,880 KRW
Upside+93.7%
Quality46/100
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Mixed Growth
Thin margins · 2.7% net margin
Low debt · negative free cash flow
7.90% dividend yield
Mixed vs. peers (4/10)
Narrow moat 31/100
Evidence: Medium Range 4,322 KRW – 8,480 KRW Share as image

Fair value as of: Jul 22, 2026

From 14 valuation models · updated 19 days ago

Share price −3.2% over the past month.

Below-average quality, screening 94% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (4,322 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (4,322 KRW to 8,480 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

8,834 KRW 2,555 KRW Fair Value 5,880 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 2,555 KRW – 8,834 KRW · fair‑value band 4,322 KRW – 8,480 KRW · the 3,035 KRW price screens below the 5,880 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

KB Autosys Co (024120) currently trades at 3,035 KRW, while our model-based Fair Value estimate is 5,880 KRW, implying the stock looks roughly 93.7% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical 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, KB Autosys Co generated revenue of 221B KRW at a net margin of 2.7%. Revenue grew 12.0% year over year. It earns a return on equity of 5.0%. Net debt stands at 94.4B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 4,322 KRW (bear case) to 8,480 KRW (bull case); at 3,035 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 32% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 94%, 024120 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
Residual Income 7,559 KRW 7,371 KRW 6,333 KRW 76
ROIC Compounder 5,021 KRW 6,003 KRW 6,862 KRW 72
Growth-Adj P/E 4,321 KRW 6,172 KRW 8,024 KRW 68
All 14 models by family
DCF Models
Owner Earnings 3,755 KRW 5,945 KRW 9,126 KRW 31
Earnings-Based
Graham-Dodd 2,305 KRW 5,880 KRW 7,648 KRW 54
PEG = 1.0 1,096 KRW 1,566 KRW 2,036 KRW 46
EPV 5,021 KRW 6,003 KRW 6,862 KRW 59
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 4,322 KRW 5,762 KRW 7,203 KRW 55
EV/EBIT 9,142 KRW 12,481 KRW 15,819 KRW 53
EV/EBITDA 13,672 KRW 18,520 KRW 23,368 KRW 54
EV/Revenue 5,878 KRW 8,771 KRW 11,665 KRW 43
Asset-Based
NCAV (Graham) 5,179 KRW 6,940 KRW 10,359 KRW 50
Economic Profit
Residual Income 7,559 KRW 7,371 KRW 6,333 KRW 76
ROIC Compounder 5,021 KRW 6,003 KRW 6,862 KRW 72
Growth Earnings
Growth-Adj P/E 4,321 KRW 6,172 KRW 8,024 KRW 68

Widest divergence: Multiples (7,457 KRW) versus Earnings-Based (5,880 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 221B KRW
Revenue growth (YoY) +12.0%
Net margin 2.7%
Return on equity 5.0%
Free cash flow −3.6B KRW FY2025
Operating margin 2.7%
More key figures
Dividend yield 7.9%
EPS growth (YoY) +3,067%
Net debt 94.4B KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 44 · Market factors (momentum, volatility) 38

Profitability 29
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 14
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

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. 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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KB Autosys Co 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.

Growth Quality 42/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
215B KRW
Latest YoY
+2.3%
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.
+6.5%
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.
+10.3%
Avg. growth/yr (17Y) 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.
+6.0%
Revenue +13.4%/yr
FY21 130B KRW
FY22 178B KRW
FY23 204B KRW
FY24 210B KRW
FY25 215B KRW
Net income
FY21 −405M KRW
FY22 1.1B KRW
FY23 1.1B KRW
FY24 2.9B KRW
FY25 3.9B KRW

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

Peer Group

Auto Parts · 641 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 46 · Below median
Fair Value upside +94% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 12% · Above median
Dividend yield (TTM) 7.9% · Top 25%
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Auto Parts median · lower = cheaper

EV/EBITDA 0.5× · 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 16
FUTURE 60 · sector 24
PAST 20 · sector 26
HEALTH 91 · sector 95
DIVIDEND 100 · sector 30

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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 482,000 KRW 678,420 KRW +41%
Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is KB Autosys Co (024120) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 5,880 KRW versus a price of 3,035 KRW, about +94% (undervalued).
What is the fair value of 024120?
Our model-based fair value for KB Autosys Co is 5,880 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 3,035 KRW.
What is the quality score of 024120?
KB Autosys Co 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 revenue of KB Autosys Co (024120)?
KB Autosys Co reported trailing-twelve-month revenue of about 221B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 024120?
The net profit margin of KB Autosys Co is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.
Does KB Autosys Co pay a dividend?
KB Autosys Co currently shows a dividend yield of about 7.76% relative to its recent price (as of Jul 22, 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.

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