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LG Uplus Corp (032640) Fair Value & Analysis

Communication Services · KR · Market cap 6.2T KRW

LU LG Uplus Corp 032640 · KO
Price14,960 KRW
Fair Value21,671 KRW
Upside+44.9%
Quality55/100
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Healthy Growth
Thin margins · 3.5% net margin
Moderate debt · generates free cash flow
4.51% dividend yield
Mixed vs. peers (6/12)
Narrow moat 37/100
Evidence: High Range 15,050 KRW – 30,079 KRW Share as image

Fair value as of: Jul 17, 2026

From 25 valuation models · updated 23 days ago

Fair value updated Jul 17, 2026, revised from 21,154 KRW to 21,671 KRW (+2.4%) since Jul 6, 2026. Share price +1.0% over the past month.

A solid business, screening 45% undervalued on our models.

What matters now

  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (15,050 KRW to 30,079 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

17,600 KRW 8,368 KRW Fair Value 21,671 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 8,368 KRW – 17,600 KRW · fair‑value band 15,050 KRW – 30,079 KRW · the 14,960 KRW price screens below the 21,671 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

LG Uplus Corp (032640) currently trades at 14,960 KRW, while our model-based Fair Value estimate is 21,671 KRW, implying the stock looks roughly 44.9% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Communication Services 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: high), always confirm before acting.

Over the trailing twelve months, LG Uplus Corp generated revenue of 15.5T KRW at a net margin of 3.5%. Revenue grew 1.5% year over year. It earns a return on equity of 5.9%. Net debt stands at 5.1T KRW. Fundamentals as of Jul 17, 2026

Our scenario range runs from 15,050 KRW (bear case) to 30,079 KRW (bull case); at 14,960 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 20% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at 45%, 032640 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 BearBaseBull Evidence
Highest evidence
Growth DCF 17,831 KRW 28,806 KRW 44,433 KRW 80
Residual Income 16,772 KRW 17,450 KRW 17,981 KRW 76
Rev-Margin DCF 11,933 KRW 21,792 KRW 32,242 KRW 74
All 25 models by family
DCF Models
FCF DCF 16,905 KRW 28,471 KRW 45,573 KRW 38
Owner Earnings 23,612 KRW 38,214 KRW 59,804 KRW 31
5Y Revenue Exit 11,933 KRW 21,445 KRW 32,984 KRW 39
5Y EBITDA Exit 43,381 KRW 76,763 KRW 113,962 KRW 41
5Y P/E Exit 11,860 KRW 21,317 KRW 30,560 KRW 38
10Y Revenue Exit 12,944 KRW 21,854 KRW 32,540 KRW 36
10Y EBITDA Exit 33,530 KRW 59,889 KRW 92,318 KRW 37
10Y P/E Exit 13,466 KRW 21,767 KRW 30,751 KRW 35
Earnings-Based
Graham-Dodd 8,393 KRW 18,272 KRW 23,260 KRW 54
PEG = 1.0 2,868 KRW 4,098 KRW 5,327 KRW 46
EPV 7,787 KRW 10,689 KRW 13,268 KRW 59
Dividend Discount
Gordon GGM 6,332 KRW 10,182 KRW 14,660 KRW 70
DDM Multi-Stage 6,332 KRW 9,315 KRW 12,836 KRW 61
Multiples
P/E Multiple 20,366 KRW 27,154 KRW 33,943 KRW 63
P/S Multiple 15,737 KRW 20,983 KRW 26,229 KRW 58
P/B Multiple 15,737 KRW 20,983 KRW 26,229 KRW 55
EV/EBIT 16,567 KRW 24,975 KRW 33,383 KRW 53
EV/EBITDA 67,452 KRW 92,822 KRW 118,191 KRW 54
EV/Revenue 10,472 KRW 18,669 KRW 26,867 KRW 43
Asset-Based
NCAV (Graham) 10,446 KRW 13,997 KRW 20,891 KRW 50
Growth DCF
Growth DCF 17,831 KRW 28,806 KRW 44,433 KRW 80
Rev-Margin DCF 11,933 KRW 21,792 KRW 32,242 KRW 74
Economic Profit
Residual Income 16,772 KRW 17,450 KRW 17,981 KRW 76
ROIC Compounder 7,787 KRW 10,689 KRW 13,268 KRW 72
Growth Earnings
Growth-Adj P/E 15,050 KRW 21,500 KRW 27,949 KRW 68

Widest divergence: DCF Models (21,854 KRW) versus Dividend Discount (9,315 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 15.5T KRW
Revenue growth (YoY) +1.5%
Net margin 3.5%
Return on equity 5.9%
Free cash flow 980B KRW FY2025
Operating margin 7.2%
More key figures
Dividend yield 4.3%
EPS growth (YoY) +8.0%
Net debt 5.1T KRW FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 54 · Market factors (momentum, volatility) 48

Profitability 49
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 74
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

LG Uplus Corp. provides various telecommunication services in South Korea. It operates through LG U+ and LG Hello Vision segments. The company offers personal mobile communication, voice, and data services; and wired communication services, including international and long-distance calls, internet, and other value-added communication services.

Full company description

LG Uplus Corp. provides various telecommunication services in South Korea. It operates through LG U+ and LG Hello Vision segments. The company offers personal mobile communication, voice, and data services; and wired communication services, including international and long-distance calls, internet, and other value-added communication services. It also provides ixi-O, an AI call service; U+ one, an integrated app for digital telecommunications; Youdok, a subscription service; U+ Internet, U+ IPTV, and U+ Smart Home for internet, IPTV, and smart home services; PQC VPN, which protects corporate critical data; Alphakey, a service that provides authentication solutions for corporate system access; cloud security pack, an integrated security service; AI Bix Call, an AI corporate phone service; AI CCTV, a security solution where AI analyzes CCTV footage and sound; U+ Connect, a smart vehicle operation management service; C-ITS, a smart mobility integrated service; AI data centers; and AI contact centers. In addition, the company offers comprehensive cable broadcasting; MVNO and media content; broadband international circuit; customer center and telemarketing operation service cable broadcasting; and electric vehicle charging services. Further, it engages in the building of infrastructure to provide wireless communication services. The company was formerly known as LG Telecom Ltd and changed its name to LG Uplus Corp. in July 2010. LG Uplus Corp. was incorporated in 1996 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LG Uplus Corp reported revenue of 15.5T KRW in FY2025 versus 13.9T KRW in FY2021, a compound +2.8%/yr. Reported net income was 524B KRW in FY2025, compounding −7.4%/yr from FY2021.

Growth Quality 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
15.5T KRW
Latest YoY
+5.7%
Avg. growth/yr (3Y)
+3.6%
Avg. growth/yr (5Y)
+2.9%
Avg. growth/yr (15Y)
+4.1%
Revenue +2.8%/yr
FY21 13.9T KRW
FY22 13.9T KRW
FY23 14.4T KRW
FY24 14.6T KRW
FY25 15.5T KRW
Net income −7.4%/yr
FY21 712B KRW
FY22 663B KRW
FY23 623B KRW
FY24 374B KRW
FY25 524B KRW

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Cite: Fair Value Calculator (2026). "LG Uplus Corp Fair Value". https://www.fairvalue-calculator.com/stock/032640

Peer Group

Telecom Services · 252 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 55 · Above median
Fair Value upside +45% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 3% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth 2% · Below median
Dividend yield (TTM) 4.5% · Above median
Debt / equity 0.50× · Higher than median

Valuation Multiples vs Telecom Services median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 1.0× · Cheaper than 75% of peers
PEG 0.68× · 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 93 · sector 30
FUTURE 8 · sector 15
PAST 23 · sector 28
HEALTH 75 · sector 89
DIVIDEND 90 · sector 72

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 Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥89.98 ¥109.88 +22%
T-Mobile US, Inc TMUS $187.61 $172.67 -8%
Bharti Airtel Limited BHARTIARTL ₹1,922 ₹941.55 -51%
China Telecom Corporation 601728 ¥6.01 ¥8.36 +39%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 507.27 MXN +95%
Advanced Info Service Public Company ADVANC 379.00 THB 286.77 THB -24%
Chunghwa Telecom Co 2412 133.50 TWD 100.00 TWD -25%
China Unicom (Hong Kong) Limited 0762 HK$6.50 HK$13.03 +100%
Telefónica, S.A TEFN 75.67 MXN 111.01 MXN +47%

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Frequently asked questions

Is LG Uplus Corp (032640) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 21,671 KRW versus a price of 14,960 KRW, about +45% (undervalued).
What is the fair value of 032640?
Our model-based fair value for LG Uplus Corp is 21,671 KRW (as of Jul 17, 2026), built from audited fundamentals. The current price is 14,960 KRW.
What is the quality score of 032640?
LG Uplus Corp has a Quality Score of 55/100. 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 LG Uplus Corp (032640)?
LG Uplus Corp reported trailing-twelve-month revenue of about 15.5T KRW (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 032640?
The net profit margin of LG Uplus Corp is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. Based on the latest reported figures.
Does LG Uplus Corp pay a dividend?
LG Uplus Corp currently shows a dividend yield of about 4.31% relative to its recent price (as of Jul 17, 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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