PN Poong Nyun Co. Ltd (024940) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of PN Poong Nyun Co. Ltd KRW 4,064, price KRW 1,990, upside +104.2%, quality 64 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 1,792 KRW – 13,148 KRW · fair‑value band 3,403 KRW – 4,768 KRW · the 1,990 KRW price screens below the 4,064 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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PN Poong Nyun Co., Ltd. manufactures and sells kitchenware products in South Korea. The company offers pressure cookers, pots, pans, kitchen appliances, small appliances, and kitchen tools. It also exports its products to various countries, including Southeast Asia, Japan, the United States, and Europe.
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PN Poong Nyun Co., Ltd. manufactures and sells kitchenware products in South Korea. The company offers pressure cookers, pots, pans, kitchen appliances, small appliances, and kitchen tools. It also exports its products to various countries, including Southeast Asia, Japan, the United States, and Europe. The company was formerly known as Saekwang Aluminium Co., Ltd. and changed its name to PN Poong Nyun Co., Ltd. in March 2007. PN Poong Nyun Co., Ltd. was founded in 1954 and is based in Ansan-Si, South Korea.
Stock analysis
PN Poong Nyun Co. Ltd (024940) currently trades at 1,990 KRW, while our model-based Fair Value estimate is 4,064 KRW, implying the stock looks roughly 51.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 4,078 KRW per share, and 22 of the 22 models we run sit above the 1,990 KRW price.
Bear case: the Earnings-Based group reads lowest at 2,543 KRW, and 0 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: 3,403 KRW (bear) to 4,768 KRW (bull), the price of 1,990 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 64/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
PN Poong Nyun Co. Ltd reported revenue of 56.0B KRW in FY2025 versus 58.4B KRW in FY2021, a compound −1.0%/yr. Reported net income was 2.9B KRW in FY2025, compounding +8.1%/yr from FY2021.
Key figures
Market cap 18.7B KRW (≈ $13.8M) · P/S ratio 0.35 · Dividend yield 1.8% · Net margin 5.1% · Return on equity 7.9% · Return on assets (EBIT) 2.9% · Operating margin 5.2% · Revenue (TTM) 56.9B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 66% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 104%, 024940 screens cheaper than that median.
Fair Value models
Bear 3,403 KRWFair Value 4,064 KRWBull 4,768 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+2.0%
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.
−0.9%
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.
−0.6%
Start year 2020 (pandemic). Over 10 years: −2.8% a year
Revenue growth 11 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.
−2.6%
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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. Basis: EBIT basis. 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.
≈ +3.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.1%
Dividend (yield on the price)1.8%
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.3% vs 5%, 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.1% → 3%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 2.5%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Rate on operating basis: 2025 sits 69% above its own trend.
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.Furnishings, Fixtures & Appliances · 317 stocks
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Is PN Poong Nyun Co. Ltd (024940) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 4,064 KRW versus a price of 1,990 KRW, about +104% upside (undervalued).
What is the fair value of 024940?
Our model-based fair value for PN Poong Nyun Co. Ltd is 4,064 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,990 KRW.
What is the quality score of 024940?
PN Poong Nyun Co. Ltd has a Quality Score of 64/100. 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 PN Poong Nyun Co. Ltd (024940)?
Our model-based price target is the fair value of 4,064 KRW (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 3,403 KRW, optimistic scenario 4,768 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the PN Poong Nyun Co. Ltd stock forecast for 2026?
Our models put fair value at 4,064 KRW, about +104% upside versus a price of 1,990 KRW (undervalued). Cautious scenario 3,403 KRW, optimistic scenario 4,768 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of PN Poong Nyun Co. Ltd (024940)?
PN Poong Nyun Co. Ltd reported trailing-twelve-month revenue of about 56.9B KRW (latest available figure, as of Sep 24, 2026).
Does PN Poong Nyun Co. Ltd pay a dividend?
PN Poong Nyun Co. Ltd currently shows a dividend yield of about 1.76% relative to its recent price (as of Sep 24, 2026).
What growth is priced into PN Poong Nyun Co. Ltd (024940)?
For today's price to be fair in a discounted-cash-flow model, PN Poong Nyun Co. Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 024940 use?
Our models discount PN Poong Nyun Co. Ltd at 10.8 %: a base by market capitalisation (nano), damped by beta 1.26, 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 PN Poong Nyun Co. Ltd that is less than minus 40 % per year a year over ten years, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has PN Poong Nyun Co. Ltd (024940) delivered so far?
Over the past 5 years revenue at PN Poong Nyun Co. Ltd grew -0.6 % 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 PN Poong Nyun Co. Ltd (024940) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into PN Poong Nyun Co. Ltd (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 PN Poong Nyun Co. Ltd (024940)?
The free-cash-flow yield on the price is 15.09 %: that much free cash flow PN Poong Nyun Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of PN Poong Nyun Co. Ltd (024940)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PN Poong Nyun Co. Ltd it is 4,064 KRW per share (as of Sep 24, 2026), against a price of 1,990 KRW. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is PN Poong Nyun Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 024940 trades below its calculated fair value: price 1,990 KRW, fair value 4,064 KRW, a gap of about +104% (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 024940?
No. The price is what the market pays today (1,990 KRW); the fair value is what the company's own numbers justify (4,064 KRW). For PN Poong Nyun Co. Ltd the two are 2,074 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is PN Poong Nyun Co. Ltd worth?
The market values PN Poong Nyun Co. Ltd at about 18.7B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 1,990 KRW; our models calculate a fair value of 4,064 KRW per share.
What do the bullish and bearish scenarios say about 024940?
Our models span a range for PN Poong Nyun Co. Ltd: cautious scenario 3,403 KRW, base 4,064 KRW, optimistic 4,768 KRW per share (as of Sep 24, 2026, price 1,990 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PN Poong Nyun Co. Ltd (024940)?
Balance-sheet figures for PN Poong Nyun Co. Ltd (as of Sep 24, 2026): return on equity 7.9%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 024940 from its 52-week high?
PN Poong Nyun Co. Ltd trades at 1,990 KRW, about 66% below its 52-week high of 5,862 KRW and 11% above the low of 1,792 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 4,064 KRW is for.
Which stocks are comparable to PN Poong Nyun Co. Ltd?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, Haier Smart Home Co, King Slide Works Co, 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 PN Poong Nyun Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 1,990 KRW, calculated fair value 4,064 KRW (+104%), Quality Score 64/100, from 22 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 024940 calculated?
We run PN Poong Nyun Co. Ltd through 22 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 4,064 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 13.0 % above its aggregate fair value. PN Poong Nyun Co. Ltd currently trades 104 % 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 PN Poong Nyun Co. Ltd (024940)?
The closing price on Sep 23, 2026 was 1,990 KRW. Our model-based fair value is 4,064 KRW, about +104% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PN Poong Nyun Co. Ltd right now?
The price is below even our cautious bear case (3,403 KRW). The market is more pessimistic than our downside scenario. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of PN Poong Nyun Co. Ltd
How large is the market capitalisation of PN Poong Nyun Co. Ltd (024940)?
The market capitalisation of PN Poong Nyun Co. Ltd is 18.7B KRW (≈ $13.8M). 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 PN Poong Nyun Co. Ltd (024940)?
The price-to-sales ratio of PN Poong Nyun Co. Ltd is 0.35 (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 PN Poong Nyun Co. Ltd (024940)?
The dividend yield of PN Poong Nyun Co. Ltd is 1.8%. 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 PN Poong Nyun Co. Ltd (024940)?
The net margin of PN Poong Nyun Co. Ltd is 5.1% (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 PN Poong Nyun Co. Ltd (024940)?
The return on equity (ROE) of PN Poong Nyun Co. Ltd is 7.9% (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 PN Poong Nyun Co. Ltd (024940)?
On an EBIT basis the return on assets of PN Poong Nyun Co. Ltd is 2.9% (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 PN Poong Nyun Co. Ltd (024940)?
The operating margin of PN Poong Nyun Co. Ltd is 5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PN Poong Nyun Co. Ltd (024940)?
Revenue at PN Poong Nyun Co. Ltd is growing −5.3% versus a year earlier (3y avg −0.9%). 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 PN Poong Nyun Co. Ltd (024940)?
Earnings per share at PN Poong Nyun Co. Ltd are growing −7.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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