Seoul Broadcasting System (034120) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Seoul Broadcasting System stock KRW 9,524, price KRW 11,030, that is 13.7% below the price, quality 42 out of 100. Rating: overvalued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 10,700 KRW – 55,841 KRW · fair‑value band 7,143 KRW – 11,905 KRW · the 11,030 KRW price screens above the 9,524 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow Seoul Broadcasting System in your weekly email
Every Wednesday you see whether Seoul Broadcasting System is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Seoul Broadcasting System engages in the broadcasting, cultural service, and advertising businesses in South Korea and internationally. It provides terrestrial TV and radio advertisements, as well as program sales services. The company was founded in 1990 and is headquartered in Seoul, South Korea.
Stock analysis
Seoul Broadcasting System (034120) currently trades at 11,030 KRW, while our model-based Fair Value estimate is 9,524 KRW, 14% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of 40,059 KRW per share, and 12 of the 21 models we run sit above the 11,030 KRW price.
Bear case: the Earnings-Based group reads lowest at 3,801 KRW, and 9 of the 21 models stay below the price. Data coverage for this calculation is high.
Scenario range: 7,143 KRW (bear) to 11,905 KRW (bull), the price of 11,030 KRW sits inside 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 42/100 (below-average quality), in the Communication Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Seoul Broadcasting System reported revenue of 1.0T KRW in FY2025 versus 1.1T KRW in FY2021, a compound −1.7%/yr. Reported net income was 8.0B KRW in FY2025, compounding −50.7%/yr from FY2021.
Key figures
Market cap 205B KRW (≈ $151M) Micro · P/E ratio 107.3 · P/S ratio 0.20 · EPS (TTM) 101.53 KRW · Dividend yield 3.0% · Net margin 0.2% · Return on equity 0.2% · Return on assets (EBIT) 6.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −13% fair-value upside, at −14%, 034120 screens richer than that median.
Fair Value models
Bear7,143 KRWFair Value 9,524 KRWBull11,905 KRW
Price 11,030 KRW · Downside -13.7%
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.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.
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 inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−3.6%
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.
−4.9%
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.
+3.2%
Start year 2020 (pandemic). Over 10 years: +2.4% a year
Revenue growth 24 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%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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. 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.
−34.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−37.1%
Dividend (yield on the price)3.0%
Profit margin 2019 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.2% → 2%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
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).
+3.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +1.0% a year for the price.
Compare Seoul Broadcasting System with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Entertainment · 221 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside−13.7% · Below median
Profitability
Return on equity (12 months)0.2% · Below median
Return on assets0.4% · Below median
Net margin (12 months)0.2% · Below median
Operating margin (12 months)2.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)6.4% · Above median
Dividend yield (12 months)3.0% · Above median
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Entertainment median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Seoul Broadcasting System Fair Value". https://www.fairvalue-calculator.com/stock/034120
Frequently asked questions
Is Seoul Broadcasting System (034120) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 9,524 KRW versus a price of 11,030 KRW, about 14% lower (overvalued).
What is the fair value of 034120?
Our model-based fair value for Seoul Broadcasting System is 9,524 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 11,030 KRW.
What is the quality score of 034120?
Seoul Broadcasting System has a Quality Score of 42/100. 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 Seoul Broadcasting System (034120)?
Our model-based price target is the fair value of 9,524 KRW (as of Nov 8, 2026) from 22 valuation models. Cautious scenario 7,143 KRW, optimistic scenario 11,905 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Seoul Broadcasting System stock forecast for 2026?
Our models put fair value at 9,524 KRW, about 14% lower versus a price of 11,030 KRW (overvalued). Cautious scenario 7,143 KRW, optimistic scenario 11,905 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Seoul Broadcasting System (034120)?
Seoul Broadcasting System reported trailing-twelve-month revenue of about 1.0T KRW (latest available figure, as of Nov 8, 2026).
Does Seoul Broadcasting System pay a dividend?
Seoul Broadcasting System currently shows a dividend yield of 2.99% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Seoul Broadcasting System (034120) and when is the ex-dividend date?
Seoul Broadcasting System pays a dividend of 330.00 KRW per share a year, a dividend yield of 3.0%. The last ex-dividend date was Mar 30, 2026. Free cash flow covers the dividend 7.82 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Seoul Broadcasting System (034120)?
For today's price to be fair in a discounted-cash-flow model, Seoul Broadcasting System would have to grow free cash flow by +3.1 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 034120 use?
Our models discount Seoul Broadcasting System at 11.6 %: a base by market capitalisation (micro), damped by beta 0.42, 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 Seoul Broadcasting System that is +3.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Seoul Broadcasting System (034120) delivered so far?
Over the past 5 years revenue at Seoul Broadcasting System grew +3.2 % a year. The price currently implies free-cash-flow growth of +3.1 % per 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 Seoul Broadcasting System (034120) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Seoul Broadcasting System (+3.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Seoul Broadcasting System (034120)?
The free-cash-flow yield on the price is 23.39 %: that much free cash flow Seoul Broadcasting System produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Seoul Broadcasting System (034120)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Seoul Broadcasting System it is 9,524 KRW per share (as of Nov 8, 2026), against a price of 11,030 KRW. It is the blended result of 22 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Seoul Broadcasting System stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 034120 trades above its calculated fair value: price 11,030 KRW, fair value 9,524 KRW, a gap of about −14% (overvalued). 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 034120?
No. The price is what the market pays today (11,030 KRW); the fair value is what the company's own numbers justify (9,524 KRW). For Seoul Broadcasting System the two are 1,506 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Seoul Broadcasting System worth?
The market values Seoul Broadcasting System at about 205B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 11,030 KRW; our models calculate a fair value of 9,524 KRW per share.
What do the bullish and bearish scenarios say about 034120?
Our models span a range for Seoul Broadcasting System: cautious scenario 7,143 KRW, base 9,524 KRW, optimistic 11,905 KRW per share (as of Nov 8, 2026, price 11,030 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 034120?
Seoul Broadcasting System trades at a price-to-earnings ratio of 107.3 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 9,524 KRW is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 15.4. Other multiples: P/B 0.2, P/S 0.2, EV/EBITDA 7.3.
How solid is the balance sheet of Seoul Broadcasting System (034120)?
Balance-sheet figures for Seoul Broadcasting System (as of Nov 8, 2026): return on equity 0.2%, debt of 0.17 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 034120 from its 52-week high?
Seoul Broadcasting System trades at 11,030 KRW, about 45% below its 52-week high of 20,133 KRW and 3% above the low of 10,700 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 9,524 KRW is for.
Which stocks are comparable to Seoul Broadcasting System?
From the same area (Communication Services) we also value Netflix, Inc, The Walt Disney Company, Live Nation Entertainment, Inc, TKO 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 Seoul Broadcasting System stock attractive at the current price?
The data as of Nov 8, 2026: price 11,030 KRW, calculated fair value 9,524 KRW (−14%), Quality Score 42/100, 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 034120 calculated?
We run Seoul Broadcasting System through 22 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 9,524 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. Seoul Broadcasting System itself currently trades above fair value. 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 Seoul Broadcasting System (034120)?
The closing price on Nov 6, 2026 was 11,030 KRW. Our model-based fair value is 9,524 KRW, about 14% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Seoul Broadcasting System right now?
The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Seoul Broadcasting System
How large is the market capitalisation of Seoul Broadcasting System (034120)?
The market capitalisation of Seoul Broadcasting System is 205B KRW (≈ $151M). 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 Seoul Broadcasting System (034120)?
The price-to-sales ratio of Seoul Broadcasting System is 0.20 (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 Seoul Broadcasting System (034120)?
Earnings per share at Seoul Broadcasting System are 101.53 KRW (price ÷ EPS = P/E 107.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Seoul Broadcasting System (034120)?
The dividend yield of Seoul Broadcasting System is 3.0%. 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 Seoul Broadcasting System (034120)?
The net margin of Seoul Broadcasting System is 0.2% (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 Seoul Broadcasting System (034120)?
The return on equity (ROE) of Seoul Broadcasting System is 0.2% (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 Seoul Broadcasting System (034120)?
On an EBIT basis the return on assets of Seoul Broadcasting System is 6.0% (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 Seoul Broadcasting System (034120)?
The operating margin of Seoul Broadcasting System is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Seoul Broadcasting System (034120)?
Revenue at Seoul Broadcasting System is growing +6.4% versus a year earlier (3y avg −4.9%). 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 Seoul Broadcasting System (034120)?
Earnings per share at Seoul Broadcasting System are growing +15.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Seoul Broadcasting System (034120) carry?
The net debt of Seoul Broadcasting System is 331B KRW (fiscal year 2025, ≈ 6.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Seoul Broadcasting System in the live analysis
One click puts Seoul Broadcasting System on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 8, 2026