Shinsegae I&C (035510) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Shinsegae I&C stock KRW 37,920, price KRW 12,640, upside +200.0%, quality 67 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 7,723 KRW – 224,437 KRW · fair‑value band 28,440 KRW – 47,400 KRW · the 12,640 KRW price screens below the 37,920 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 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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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 12,640 KRW, while our model-based Fair Value estimate is 37,920 KRW, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 80,510 KRW per share, and 23 of the 26 models we run sit above the 12,640 KRW price.
Bear case: the Dividend Discount group reads lowest at 5,191 KRW, and 3 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 28,440 KRW (bear) to 47,400 KRW (bull), the price of 12,640 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 67/100 (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 167B KRW (≈ $123M) Micro · P/E ratio 5.4 · P/S ratio 0.24 · EPS (TTM) 2,306 KRW · Dividend yield 4.4% · Net margin 4.4% · Return on equity 7.0% · Return on assets (EBIT) 8.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at 200%, 035510 screens cheaper than that median.
Fair Value models
Bear28,440 KRWFair Value 37,920 KRWBull47,400 KRW
Price 12,640 KRW · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1,497 KRW per share) are deliberately not added.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.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.
−36.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−40.8%
Dividend (yield on the price)4.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−40.8% vs 3.8%, slowing
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%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 18.3%/yr over ~7Y (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
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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 · 479 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)7.0% · Below median
Return on assets4.9% · Above median
Net margin (12 months)4.4% · Above median
Operating margin (12 months)8.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)−3.6% · Below median
Dividend yield (12 months)4.4% · Top 25%
Valuation Multiplesvs Information Technology Services 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). "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 Nov 8, 2026, our model estimates a fair value of 37,920 KRW versus a price of 12,640 KRW, about +200% upside (undervalued).
What is the fair value of 035510?
Our model-based fair value for Shinsegae I&C is 37,920 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 12,640 KRW.
What is the quality score of 035510?
Shinsegae I&C has a Quality Score of 67/100. 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 37,920 KRW (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 28,440 KRW, optimistic scenario 47,400 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 37,920 KRW, about +200% upside versus a price of 12,640 KRW (undervalued). Cautious scenario 28,440 KRW, optimistic scenario 47,400 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 687B KRW (latest available figure, as of Nov 8, 2026).
Does Shinsegae I&C pay a dividend?
Shinsegae I&C currently shows a dividend yield of 4.43% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Shinsegae I&C (035510) and when is the ex-dividend date?
Shinsegae I&C pays a dividend of 560.00 KRW per share a year, a dividend yield of 4.4%. The last ex-dividend date was Mar 30, 2026. The payout ratio is 24.3% of earnings. Free cash flow covers the dividend 10.81 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
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 less than minus 40 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 035510 use?
Our models discount Shinsegae I&C at 11.9 %: a base by market capitalisation (micro), damped by beta 0.63, 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 less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.9 %) 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 free-cash-flow growth of less than minus 40 % 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 Shinsegae I&C (035510) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Shinsegae I&C (less than minus 40 % per 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 47.88 %: that much free cash flow Shinsegae I&C produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), 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 37,920 KRW per share (as of Nov 8, 2026), against a price of 12,640 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Shinsegae I&C stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 035510 trades below its calculated fair value: price 12,640 KRW, fair value 37,920 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 (12,640 KRW); the fair value is what the company's own numbers justify (37,920 KRW). For Shinsegae I&C the two are 25,280 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 167B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 12,640 KRW; our models calculate a fair value of 37,920 KRW per share.
What do the bullish and bearish scenarios say about 035510?
Our models span a range for Shinsegae I&C: cautious scenario 28,440 KRW, base 37,920 KRW, optimistic 47,400 KRW per share (as of Nov 8, 2026, price 12,640 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 035510?
Shinsegae I&C trades at a price-to-earnings ratio of 5.4 (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 37,920 KRW is built from several models across several years. Other multiples: P/B 0.4, P/S 0.2, EV/EBITDA 0.8.
How solid is the balance sheet of Shinsegae I&C (035510)?
Balance-sheet figures for Shinsegae I&C (as of Nov 8, 2026): return on equity 7.0%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 035510 from its 52-week high?
Shinsegae I&C trades at 12,640 KRW, about 46% below its 52-week high of 23,276 KRW and 11% above the low of 11,430 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 37,920 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 Nov 8, 2026: price 12,640 KRW, calculated fair value 37,920 KRW (+200%), Quality Score 67/100, from 26 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 26 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 37,920 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. Shinsegae I&C currently trades 67% 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 Nov 6, 2026 was 12,640 KRW. Our model-based fair value is 37,920 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 (28,440 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 (67/100) 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 167B KRW (≈ $123M). 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 are the earnings per share of Shinsegae I&C (035510)?
Earnings per share at Shinsegae I&C are 2,306 KRW (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shinsegae I&C (035510)?
The dividend yield of Shinsegae I&C is 4.4% (payout 24.3%). 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 4.4% (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 Shinsegae I&C (035510)?
The return on equity (ROE) of Shinsegae I&C is 7.0% (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 8.7% (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 −3.6% 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 +9.3% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Nov 8, 2026