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JINSUNG T.E.C., Inc (036890) Fair Value & Analysis

Industrials · KR · Market cap 276B KRW

JT JINSUNG T.E.C., Inc 036890 · KQ
Price14,460 KRW
Fair Value29,213 KRW
Upside+102.0%
Quality56/100
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Expensive Growth
Thin margins · 8.1% net margin
Low debt · negative free cash flow
2.43% dividend yield
Ranks above peers (9/9)
Moderate moat 49/100
Evidence: Medium Range 20,449 KRW – 37,977 KRW Share as image

Fair value as of: Jul 20, 2026

From 14 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 29,637 KRW to 29,213 KRW (−1.4%) since Jun 25, 2026. Share price +0.3% over the past month.

A solid business, screening 102% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (20,449 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (20,449 KRW to 37,977 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

20,550 KRW 7,527 KRW Fair Value 29,213 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 7,527 KRW – 20,550 KRW · fair‑value band 20,449 KRW – 37,977 KRW · the 14,460 KRW price screens below the 29,213 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

JINSUNG T.E.C., Inc (036890) currently trades at 14,460 KRW, while our model-based Fair Value estimate is 29,213 KRW, implying the stock looks roughly 102.0% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, JINSUNG T.E.C., Inc generated revenue of 494B KRW at a net margin of 8.1%. Revenue grew 28.0% year over year. It earns a return on equity of 13.8%. Net debt stands at 22.6B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 20,449 KRW (bear case) to 37,977 KRW (bull case); at 14,460 KRW, the current price sits below 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 31% below its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 12% fair-value upside, at 102%, 036890 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
Residual Income 13,444 KRW 15,614 KRW 29,925 KRW 76
ROIC Compounder 18,256 KRW 22,572 KRW 27,963 KRW 72
Growth-Adj P/E 20,449 KRW 29,213 KRW 37,977 KRW 68
All 14 models by family
Earnings-Based
Graham-Dodd 10,948 KRW 31,641 KRW 41,760 KRW 54
Lynch FV 6,537 KRW 9,338 KRW 12,139 KRW 50
PEG = 1.0 6,537 KRW 9,338 KRW 12,139 KRW 46
EPV 17,619 KRW 20,209 KRW 22,512 KRW 59
Multiples
P/E Multiple 25,357 KRW 33,810 KRW 42,262 KRW 63
P/S Multiple 20,527 KRW 27,370 KRW 34,212 KRW 58
P/B Multiple 20,527 KRW 27,370 KRW 34,212 KRW 55
EV/EBIT 33,088 KRW 43,137 KRW 53,187 KRW 53
EV/EBITDA 32,144 KRW 41,879 KRW 51,614 KRW 54
EV/Revenue 24,457 KRW 33,679 KRW 42,901 KRW 43
Asset-Based
NCAV (Graham) 7,337 KRW 9,832 KRW 14,675 KRW 50
Economic Profit
Residual Income 13,444 KRW 15,614 KRW 29,925 KRW 76
ROIC Compounder 18,256 KRW 22,572 KRW 27,963 KRW 72
Growth Earnings
Growth-Adj P/E 20,449 KRW 29,213 KRW 37,977 KRW 68

Widest divergence: Multiples (33,679 KRW) versus Earnings-Based (9,338 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 494B KRW
Revenue growth (YoY) +28.0%
Net margin 8.1%
Return on equity 13.8%
Free cash flow −35.6B KRW FY2025
Operating margin 9.5%
More key figures
Dividend yield 2.4%
EPS growth (YoY) +99.4%
Net debt 22.6B KRW FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 54 · Market factors (momentum, volatility) 42

Profitability 46
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 52
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

JINSUNG T.E.C., Inc. engages in the production and sale of heavy construction equipment under carriage parts in South Korea and internationally. It offers track rollers, carrier rollers, sprockets, and idlers, as well as tension spring assemblies and track links. The company was founded in 1982 and is headquartered in Pyeongtaek-Si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

JINSUNG T.E.C., Inc reported revenue of 464B KRW in FY2025 versus 438B KRW in FY2021, a compound +1.4%/yr. Reported net income was 32.6B KRW in FY2025, compounding +17.6%/yr from FY2021.

Growth Quality 50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
464B KRW
Latest YoY
+18.8%
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.
−5.0%
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.
+8.3%
Avg. growth/yr (17Y) 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.
+7.7%
Revenue +1.4%/yr
FY21 438B KRW
FY22 541B KRW
FY23 485B KRW
FY24 391B KRW
FY25 464B KRW
Net income +17.6%/yr
FY21 17.1B KRW
FY22 45.4B KRW
FY23 28.4B KRW
FY24 21.0B KRW
FY25 32.6B KRW

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Cite: Fair Value Calculator (2026). "JINSUNG T.E.C., Inc Fair Value". https://www.fairvalue-calculator.com/stock/036890

Peer Group

Farm & Heavy Construction Machinery · 148 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 56 · Above median
Fair Value upside +102% · Top 25%
Return on equity (TTM) 14% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 28% · Top 25%
Dividend yield (TTM) 2.4% · Above median
Debt / equity 0.06× · Lower than median

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 100 · sector 22
FUTURE 100 · sector 30
PAST 55 · sector 32
HEALTH 97 · sector 93
DIVIDEND 49 · sector 40

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 Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $952.41 $307.83 -68%
Deere & Company DE $597.24 $187.86 -69%
AB Volvo (publ), VOLVA kr 336.60 kr 288.08 -14%
PACCAR Inc PCAR $126.20 $94.80 -25%
Epiroc AB EPIA kr 251.90 kr 144.14 -43%
Exor N.V EXO €69.40 €219.41 +216%
Sany Heavy Industry Co 600031 ¥18.65 ¥20.84 +12%
XCMG Construction Machinery Co 000425 ¥8.39 ¥11.79 +41%
Sinotruk (Hong Kong) Limited 3808 HK$41.00 HK$53.51 +31%
Yutong Bus Co 600066 ¥32.29 ¥42.00 +30%

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Frequently asked questions

Is JINSUNG T.E.C., Inc (036890) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 29,213 KRW versus a price of 14,460 KRW, about +102% (undervalued).
What is the fair value of 036890?
Our model-based fair value for JINSUNG T.E.C., Inc is 29,213 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 14,460 KRW.
What is the quality score of 036890?
JINSUNG T.E.C., Inc has a Quality Score of 56/100. 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 JINSUNG T.E.C., Inc (036890)?
JINSUNG T.E.C., Inc reported trailing-twelve-month revenue of about 494B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 036890?
The net profit margin of JINSUNG T.E.C., Inc is about 8.1%, meaning it keeps roughly 8.1% of revenue as net income. Based on the latest reported figures.
Does JINSUNG T.E.C., Inc pay a dividend?
JINSUNG T.E.C., Inc currently shows a dividend yield of about 2.19% 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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