EN DE

Seoul Broadcasting System (034120) Fair Value & Analysis

Communication Services · KR · Market cap 214B KRW

SB Seoul Broadcasting System 034120 · KO
Price11,760 KRW
Fair Value9,524 KRW
Upside-19.0%
Quality42/100
Watch Seoul Broadcasting System for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 0.1% net margin
Low debt · generates free cash flow
2.85% dividend yield
Mixed vs. peers (6/11)
Narrow moat 15/100
Evidence: High Range 7,143 KRW – 9,738 KRW Share as image

Fair value as of: Jul 24, 2026

From 23 valuation models · updated 17 days ago

Share price −4.9% over the past month.

Below-average quality, and screening another 19% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (9,738 KRW). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

55,841 KRW 10,700 KRW Fair Value 9,524 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 10,700 KRW – 55,841 KRW · fair‑value band 7,143 KRW – 9,738 KRW · the 11,760 KRW price screens above the 9,524 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Seoul Broadcasting System (034120) currently trades at 11,760 KRW, while our model-based Fair Value estimate is 9,524 KRW, implying the stock looks roughly 19.0% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Communication Services 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, Seoul Broadcasting System generated revenue of 993B KRW at a net margin of 0.1%. Revenue declined 7.7% year over year. It earns a return on equity of 0.1%. Net debt stands at 331B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 7,143 KRW (bear case) to 9,738 KRW (bull case); at 11,760 KRW, the current price sits above 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 57% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at -19%, 034120 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
Growth DCF 22,448 KRW 34,490 KRW 51,579 KRW 80
Residual Income 48,215 KRW 45,283 KRW 32,641 KRW 76
Rev-Margin DCF 8,401 KRW 13,739 KRW 19,520 KRW 74
All 23 models by family
DCF Models
FCF DCF 21,392 KRW 34,033 KRW 52,634 KRW 38
Owner Earnings 10,163 KRW 17,810 KRW 29,064 KRW 31
5Y Revenue Exit 8,401 KRW 13,239 KRW 18,893 KRW 39
5Y EBITDA Exit 18,360 KRW 30,693 KRW 44,208 KRW 41
5Y P/E Exit 7,030 KRW 10,836 KRW 14,432 KRW 38
10Y Revenue Exit 12,617 KRW 17,796 KRW 23,651 KRW 36
10Y EBITDA Exit 19,211 KRW 29,773 KRW 42,276 KRW 37
10Y P/E Exit 12,010 KRW 16,147 KRW 20,368 KRW 35
Earnings-Based
Graham-Dodd 2,944 KRW 6,248 KRW 7,923 KRW 54
PEG = 1.0 948.51 KRW 1,355 KRW 1,762 KRW 46
Dividend Discount
Gordon GGM 4,810 KRW 7,506 KRW 10,553 KRW 70
DDM Multi-Stage 4,810 KRW 7,019 KRW 9,645 KRW 61
Multiples
P/E Multiple 7,143 KRW 9,524 KRW 11,905 KRW 63
P/S Multiple 5,520 KRW 7,359 KRW 9,199 KRW 58
P/B Multiple 5,520 KRW 7,359 KRW 9,199 KRW 55
EV/EBIT 4,745 KRW 8,673 KRW 12,601 KRW 53
EV/EBITDA 20,197 KRW 29,276 KRW 38,354 KRW 54
EV/Revenue 1,898 KRW 5,727 KRW 9,557 KRW 43
Asset-Based
NCAV (Graham) 34,938 KRW 46,817 KRW 69,877 KRW 50
Growth DCF
Growth DCF 22,448 KRW 34,490 KRW 51,579 KRW 80
Rev-Margin DCF 8,401 KRW 13,739 KRW 19,520 KRW 74
Economic Profit
Residual Income 48,215 KRW 45,283 KRW 32,641 KRW 76
Growth Earnings
Growth-Adj P/E 5,243 KRW 7,491 KRW 9,738 KRW 68

Widest divergence: Asset-Based (46,817 KRW) versus Earnings-Based (1,355 KRW). Highest evidence: Growth DCF (80).

Notify me when 034120 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 993B KRW
Revenue growth (YoY) -7.7%
Net margin 0.1%
Return on equity 0.1%
Free cash flow 47.9B KRW FY2025
Operating margin -9.2%
More key figures
Dividend yield 2.9%
EPS growth (YoY) +13.4%
Net debt 331B KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 45 · Market factors (momentum, volatility) 28

Profitability 20
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 5
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

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.0T KRW
Latest YoY
−3.6%
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.
−4.9%
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.
+3.2%
Avg. growth/yr (24Y) 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.
+2.6%
Revenue −1.7%/yr
FY21 1.1T KRW
FY22 1.2T KRW
FY23 997B KRW
FY24 1.0T KRW
FY25 1.0T KRW
Net income −50.7%/yr
FY21 136B KRW
FY22 153B KRW
FY23 46.3B KRW
FY24 33.8B KRW
FY25 8.0B KRW

034120 screens 19% overvalued. Compare with Netflix, Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

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

Peer Group

Entertainment · 265 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 42 · Below median
Fair Value upside −19% · Above median
Return on equity (TTM) 0% · Above median
Return on assets 0% · Below median
Net margin (TTM) 0% · Above median
Operating margin (TTM) -9% · Below median
Revenue growth -8% · Below median
Dividend yield (TTM) 2.9% · Above median
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Entertainment median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 2.9× · 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 8 · sector 6
FUTURE 0 · sector 10
PAST 0 · sector 0
HEALTH 92 · sector 97
DIVIDEND 57 · sector 44

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 Entertainment stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.77 C$2.96 -56%
The Walt Disney Company DIS $96.30 $89.55 -7%
Warner Bros. Discovery, Inc WBD $26.87 $9.13 -66%
Live Nation Entertainment, Inc LYV $178.44 $46.89 -74%
Universal Music Group UMG €18.91 €14.78 -22%
TKO Group TKO $184.40 $22.16 -88%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 60.49 MXN +10%
Beijing Enlight Media Co 300251 ¥11.77 ¥10.97 -7%
PT MNC Digital Entertainment Tbk, MSIN 456.00 IDR 221.09 IDR -52%
Prime Focus Limited PFOCUS ₹298.25 ₹63.45 -79%

Compare Seoul Broadcasting System with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Communication Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Seoul Broadcasting System (034120) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 9,524 KRW versus a price of 11,760 KRW, about −19% (overvalued).
What is the fair value of 034120?
Our model-based fair value for Seoul Broadcasting System is 9,524 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 11,760 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 revenue of Seoul Broadcasting System (034120)?
Seoul Broadcasting System reported trailing-twelve-month revenue of about 993B KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 034120?
The net profit margin of Seoul Broadcasting System is about 0.1%, meaning it keeps roughly 0.1% of revenue as net income. Based on the latest reported figures.
Does Seoul Broadcasting System pay a dividend?
Seoul Broadcasting System currently shows a dividend yield of about 2.65% relative to its recent price (as of Jul 24, 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.

14 days Pro free · no card

Track Seoul Broadcasting System and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.