Shinsegae I&C (035510) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Shinsegae I&C KRW 46,650, price KRW 15,550, upside +200.0%, quality 69 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 7,723 KRW – 236,355 KRW · fair‑value band 34,988 KRW – 58,313 KRW · the 15,550 KRW price screens below the 46,650 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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SHINSEGAE Information & Communication Inc. operates as an information and communication company in South Korea. It operates in three segments: IT Services, IT Distribution, and IT Information Services.
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SHINSEGAE Information & Communication Inc. operates as an information and communication company in South Korea. It operates in three segments: IT Services, IT Distribution, and IT Information Services. The company offers cloud POS and membership, public and private cloud solutions, and data center; AI chatbot, forecast, and vison technology; and robotic process automation system. It also operates a self-service store and provides service robots, smart shelf technology, self-checkout equipment, and smart vending machine solutions; smart infrastructure solutions, including intelligent building system, smart city, smart home and office, Internet of things, and EV charging; and metaverse services, such as AR and VR services. In addition, the company offers IT services comprising system operation and development/integration, commerce platform, smart work, and information security solutions; and education solutions, which consists of learning platform service for digital transformation. Further, it provides IT solutions that include network/server equipment, including wired/wireless network, network equipment, servers/storages, and software; and retail equipment, such as electronic shelf label, escalator handrail sanitizer, wireless charging, and digital store solutions. Additionally, the company engages in game console/title and game IP licensing and publishing; digital and mobile device distribution; and venture investment. SHINSEGAE Information & Communication Inc. was incorporated in 1997 and is based in Seoul, South Korea.
Stock analysis
Shinsegae I&C (035510) currently trades at 15,550 KRW, while our model-based Fair Value estimate is 46,650 KRW, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 77,641 KRW per share, and 24 of the 24 models we run sit above the 15,550 KRW price.
Bear case: the Earnings-Based group reads lowest at 19,876 KRW, and 0 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 34,988 KRW (bear) to 58,313 KRW (bull), the price of 15,550 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 69/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Shinsegae I&C reported revenue of 687B KRW in FY2025 versus 526B KRW in FY2021, a compound +6.9%/yr. Reported net income was 28.3B KRW in FY2025, compounding −7.7%/yr from FY2021.
Key figures
Market cap 204B KRW (≈ $150M) · P/S ratio 0.24 · Dividend yield 3.6% · Net margin 4.1% · Return on equity 6.9% · Return on assets (EBIT) 8.4% · Operating margin 7.0% · Revenue (TTM) 694B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 36% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 53% fair-value upside, at 200%, 035510 screens cheaper than that median.
Fair Value models
Bear 34,988 KRWFair Value 46,650 KRWBull 58,313 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.75/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.8%
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.
+4.8%
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.
+7.4%
Start year 2020 (pandemic). Over 10 years: +10.2% a year
Revenue growth 12 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.
+9.2%
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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. 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.
−37.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−40.8%
Dividend (yield on the price)3.6%
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.6% → 7%
⚠ Revenue per share shrinking 23.0%/yr over ~6Y (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.
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
−39.3%
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 −40.6% a year for the 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.Information Technology Services · 498 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside+200% · Top 25%
Profitability
Return on equity (TTM)7% · Below median
Return on assets6% · Above median
Net margin (TTM)4% · Below median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth4% · Below median
Dividend yield (TTM)3.6% · Above median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Shinsegae I&C Fair Value". https://www.fairvalue-calculator.com/stock/035510
Frequently asked questions
Is Shinsegae I&C (035510) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 46,650 KRW versus a price of 15,550 KRW, about +200% upside (undervalued).
What is the fair value of 035510?
Our model-based fair value for Shinsegae I&C is 46,650 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 15,550 KRW.
What is the quality score of 035510?
Shinsegae I&C 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 price target for Shinsegae I&C (035510)?
Our model-based price target is the fair value of 46,650 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 34,988 KRW, optimistic scenario 58,313 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Shinsegae I&C stock forecast for 2026?
Our models put fair value at 46,650 KRW, about +200% upside versus a price of 15,550 KRW (undervalued). Cautious scenario 34,988 KRW, optimistic scenario 58,313 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Shinsegae I&C (035510)?
Shinsegae I&C reported trailing-twelve-month revenue of about 694B KRW (latest available figure, as of Sep 24, 2026).
Does Shinsegae I&C pay a dividend?
Shinsegae I&C currently shows a dividend yield of about 3.60% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Shinsegae I&C (035510)?
For today's price to be fair in a discounted-cash-flow model, Shinsegae I&C would have to grow free cash flow by -39.3 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 035510 use?
Our models discount Shinsegae I&C at 12.0 %: a base by market capitalisation (micro), damped by beta 0.64, 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 Shinsegae I&C that is -39.3 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Shinsegae I&C (035510) delivered so far?
Over the past 5 years revenue at Shinsegae I&C grew +7.4 % a year. The price currently implies -39.3 % 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 Shinsegae I&C (035510) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Shinsegae I&C (-39.3 % 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 Shinsegae I&C (035510)?
The free-cash-flow yield on the price is 38.92 %: that much free cash flow Shinsegae I&C produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shinsegae I&C (035510)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shinsegae I&C it is 46,650 KRW per share (as of Sep 24, 2026), against a price of 15,550 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Shinsegae I&C stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 035510 trades below its calculated fair value: price 15,550 KRW, fair value 46,650 KRW, a gap of about +200% (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 035510?
No. The price is what the market pays today (15,550 KRW); the fair value is what the company's own numbers justify (46,650 KRW). For Shinsegae I&C the two are 31,100 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Shinsegae I&C worth?
The market values Shinsegae I&C at about 204B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 15,550 KRW; our models calculate a fair value of 46,650 KRW per share.
What do the bullish and bearish scenarios say about 035510?
Our models span a range for Shinsegae I&C: cautious scenario 34,988 KRW, base 46,650 KRW, optimistic 58,313 KRW per share (as of Sep 24, 2026, price 15,550 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shinsegae I&C (035510)?
Balance-sheet figures for Shinsegae I&C (as of Sep 24, 2026): return on equity 6.9%. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is 035510 from its 52-week high?
Shinsegae I&C trades at 15,550 KRW, about 33% below its 52-week high of 23,276 KRW and 36% above the low of 11,440 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 46,650 KRW is for.
Which stocks are comparable to Shinsegae I&C?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Shinsegae I&C stock attractive at the current price?
The data as of Sep 24, 2026: price 15,550 KRW, calculated fair value 46,650 KRW (+200%), Quality Score 69/100, from 24 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 035510 calculated?
We run Shinsegae I&C through 24 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 46,650 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 14.0 % above its aggregate fair value. Shinsegae I&C currently trades 200 % 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 Shinsegae I&C (035510)?
The closing price on Sep 23, 2026 was 15,550 KRW. Our model-based fair value is 46,650 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shinsegae I&C right now?
The price is below even our cautious bear case (34,988 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Shinsegae I&C
How large is the market capitalisation of Shinsegae I&C (035510)?
The market capitalisation of Shinsegae I&C is 204B KRW (≈ $150M). 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 Shinsegae I&C (035510)?
The price-to-sales ratio of Shinsegae I&C is 0.24 (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 Shinsegae I&C (035510)?
The dividend yield of Shinsegae I&C is 3.6%. 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 Shinsegae I&C (035510)?
The net margin of Shinsegae I&C is 4.1% (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 Shinsegae I&C (035510)?
The return on equity (ROE) of Shinsegae I&C is 6.9% (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 Shinsegae I&C (035510)?
On an EBIT basis the return on assets of Shinsegae I&C is 8.4% (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 Shinsegae I&C (035510)?
The operating margin of Shinsegae I&C is 7.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shinsegae I&C (035510)?
Revenue at Shinsegae I&C is growing +3.8% versus a year earlier (3y avg +4.8%). 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 Shinsegae I&C (035510)?
Earnings per share at Shinsegae I&C are growing +9.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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