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Cheryong Electric Co (033100) Fair Value & Analysis

Industrials · KR · Market cap 687B KRW

CE Cheryong Electric Co 033100 · KQ
Price45,000 KRW
Fair Value33,183 KRW
Upside-26.3%
Quality69/100
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Mixed Growth
Highly profitable · 25.0% net margin
Low debt · generates free cash flow
2.57% dividend yield
Ranks above peers (9/10)
Wide moat 81/100
Evidence: High Range 24,603 KRW – 114,435 KRW Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 20 days ago

Fair value updated Jul 20, 2026, revised from 33,316 KRW to 33,183 KRW (−0.4%) since Jul 6, 2026. Share price +5.3% over the past month.

A solid business, but screening 26% overvalued on our models.

What matters now

  • The model range is unusually wide (24,603 KRW to 114,435 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

92,865 KRW 4,025 KRW Fair Value 33,183 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 4,025 KRW – 92,865 KRW · fair‑value band 24,603 KRW – 114,435 KRW · the 45,000 KRW price screens above the 33,183 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Cheryong Electric Co (033100) currently trades at 45,000 KRW, while our model-based Fair Value estimate is 33,183 KRW, implying the stock looks roughly 26.3% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Cheryong Electric Co generated revenue of 208B KRW at a net margin of 25.0%. Revenue declined 30.9% year over year. It earns a return on equity of 24.5%. Fundamentals as of Jul 20, 2026

Our scenario range runs from 24,603 KRW (bear case) to 114,435 KRW (bull case); at 45,000 KRW, the current price sits within 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 52% below its 52-week high and 46% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -26%, 033100 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 68,234 KRW 134,455 KRW 268,168 KRW 80
Residual Income 25,968 KRW 35,054 KRW 213,122 KRW 76
Rev-Margin DCF 30,455 KRW 48,618 KRW 75,616 KRW 74
All 24 models by family
DCF Models
FCF DCF 71,448 KRW 119,254 KRW 263,442 KRW 38
Owner Earnings 63,452 KRW 144,442 KRW 322,071 KRW 31
5Y Revenue Exit 30,455 KRW 44,963 KRW 72,145 KRW 39
5Y EBITDA Exit 35,372 KRW 55,526 KRW 91,782 KRW 41
5Y P/E Exit 49,245 KRW 93,904 KRW 150,894 KRW 38
10Y Revenue Exit 41,419 KRW 66,199 KRW 89,017 KRW 36
10Y EBITDA Exit 45,485 KRW 75,880 KRW 127,185 KRW 37
10Y P/E Exit 55,524 KRW 103,194 KRW 183,777 KRW 35
Earnings-Based
Graham-Dodd 24,856 KRW 173,341 KRW 243,258 KRW 54
Lynch FV 53,016 KRW 75,737 KRW 98,458 KRW 50
PEG = 1.0 53,016 KRW 75,737 KRW 98,458 KRW 46
EPV 40,707 KRW 47,334 KRW 53,225 KRW 59
Multiples
P/E Multiple 38,380 KRW 51,174 KRW 63,967 KRW 63
P/S Multiple 12,552 KRW 16,736 KRW 20,920 KRW 58
P/B Multiple 20,116 KRW 26,822 KRW 33,527 KRW 55
EV/EBIT 34,447 KRW 44,880 KRW 55,312 KRW 53
EV/EBITDA 22,461 KRW 28,898 KRW 35,335 KRW 54
EV/Revenue 14,865 KRW 19,886 KRW 24,907 KRW 43
Asset-Based
NCAV (Graham) 7,450 KRW 9,984 KRW 14,901 KRW 50
Growth DCF
Growth DCF 68,234 KRW 134,455 KRW 268,168 KRW 80
Rev-Margin DCF 30,455 KRW 48,618 KRW 75,616 KRW 74
Economic Profit
Residual Income 25,968 KRW 35,054 KRW 213,122 KRW 76
ROIC Compounder 49,715 KRW 70,568 KRW 99,810 KRW 72
Growth Earnings
Growth-Adj P/E 61,619 KRW 88,027 KRW 114,435 KRW 68

Widest divergence: Growth Earnings (88,027 KRW) versus Asset-Based (9,984 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 208B KRW
Revenue growth (YoY) -30.9%
Net margin 25.0%
Return on equity 24.5%
Free cash flow 64.8B KRW FY2025
Operating margin 17.0%
More key figures
Dividend yield 2.6%
EPS growth (YoY) -45.3%

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 70 · Market factors (momentum, volatility) 36

Profitability 84
Margins and returns on capital today
Quality Growth 11
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 21
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 38
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

Cheryong Electric Co.,Ltd. manufactures and sells power electric equipment in South Korea. It offers transformers, such as amorphous, solid insulation distribution, power oil immersed, cast resin, PAD mounted, pole mounted, autotransformer, seismic withstanding cast resin, submersible, and solid insulation overhead.

Full company description

Cheryong Electric Co.,Ltd. manufactures and sells power electric equipment in South Korea. It offers transformers, such as amorphous, solid insulation distribution, power oil immersed, cast resin, PAD mounted, pole mounted, autotransformer, seismic withstanding cast resin, submersible, and solid insulation overhead. It also provides gas insulated switchgear for power transmission and distribution, and metro railways applications; and polymer lightning arrester and hybrid cutout switch. The company was formerly known as Cheryong Industrial and changed its name to Cheryong Electric Co.,Ltd. in November 2011. Cheryong Electric Co.,Ltd. was founded in 1986 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

Cheryong Electric Co reported revenue of 224B KRW in FY2025 versus 48.8B KRW in FY2021, a compound +46.4%/yr. Reported net income was 58.7B KRW in FY2025, compounding +166.0%/yr from FY2021.

Growth Quality 94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
224B KRW
Latest YoY
−14.7%
Avg. growth/yr (3Y)
+37.6%
Avg. growth/yr (5Y)
+38.4%
Avg. growth/yr (11Y)
+13.2%
Revenue +46.4%/yr
FY21 48.8B KRW
FY22 86.1B KRW
FY23 184B KRW
FY24 263B KRW
FY25 224B KRW
Net income +166.0%/yr
FY21 1.2B KRW
FY22 12.5B KRW
FY23 56.4B KRW
FY24 79.9B KRW
FY25 58.7B KRW

033100 screens 26% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Cheryong Electric Co Fair Value". https://www.fairvalue-calculator.com/stock/033100

Peer Group

Specialty Industrial Machinery · 809 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 69 · Top 25%
Fair Value upside −26% · Above median
Return on equity (TTM) 24% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth -31% · Bottom 25%
Dividend yield (TTM) 2.6% · Top 25%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/FCF 0.0× · 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 0 · sector 0
FUTURE 0 · sector 23
PAST 98 · sector 28
HEALTH 100 · sector 96
DIVIDEND 51 · sector 24

VALUE 0: the price sits above our fair-value range.

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Cheryong Electric Co (033100) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 33,183 KRW versus a price of 45,000 KRW, about −26% (overvalued).
What is the fair value of 033100?
Our model-based fair value for Cheryong Electric Co is 33,183 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 45,000 KRW.
What is the quality score of 033100?
Cheryong Electric Co has a Quality Score of 69/100. 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 Cheryong Electric Co (033100)?
Cheryong Electric Co reported trailing-twelve-month revenue of about 208B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 033100?
The net profit margin of Cheryong Electric Co is about 25.0%, meaning it keeps roughly 25.0% of revenue as net income. Based on the latest reported figures.
Does Cheryong Electric Co pay a dividend?
Cheryong Electric Co currently shows a dividend yield of about 2.17% relative to its recent price (as of Jul 20, 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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