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Wooree Lighting Co.Ltd (037400) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 16.7B KRW

WL Wooree Lighting Co.Ltd 037400 · KQ
Price from Aug 13, 2026632.00 KRW
Fair Value896.75 KRW
Upside+41.9%
Quality33/100
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Strengths

Trades 42% below our fair value of 896.75 KRW
Low debt · generates free cash flow

Risks

!Weak Growth
!Loss-making · -0.3% net margin
!Trails peers (3/10)
!Narrow moat 22/100
Weak Growth
Loss-making · -0.3% net margin
Low debt · generates free cash flow
3.00% dividend yield
Trails peers (3/10)
Narrow moat 22/100
Evidence: Medium Range 636.27 KRW – 896.75 KRW Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 7 days ago

Fair value updated Aug 13, 2026, revised from 1,007 KRW to 896.75 KRW (−11.0%) since Jul 22, 2026. Share price −6.4% over the past month.

Below-average quality, screening 42% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
  • Our model range runs from 636.27 KRW (bear) to 896.75 KRW (bull), base 896.75 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 33/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

4,218 KRW 628.00 KRW Fair Value 896.75 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 628.00 KRW – 4,218 KRW · fair‑value band 636.27 KRW – 896.75 KRW · the 632.00 KRW price screens below the 896.75 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Wooree Lighting Co.Ltd (037400) currently trades at 632.00 KRW, while our model-based Fair Value estimate is 896.75 KRW, implying the stock looks roughly 41.9% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Consumer Cyclical 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, Wooree Lighting Co.Ltd generated revenue of 1.0T KRW at a net margin of -0.3%. Revenue declined 9.7% year over year. It earns a return on equity of -2.9%. Net debt stands at 15.8B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 636.27 KRW (bear case) to 896.75 KRW (bull case); at 632.00 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 48% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at 42%, 037400 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 7,357 KRW 11,945 KRW 19,464 KRW 80
ROIC Compounder 2,923 KRW 2,961 KRW 2,993 KRW 72
Gordon GGM 191.82 KRW 398.83 KRW 632.71 KRW 70
All 15 models by family
DCF Models
FCF DCF 7,651 KRW 10,492 KRW 19,538 KRW 38
Owner Earnings 3,787 KRW 5,175 KRW 8,090 KRW 31
5Y Revenue Exit 4,402 KRW 4,999 KRW 6,196 KRW 39
5Y EBITDA Exit 12,653 KRW 21,684 KRW 39,447 KRW 41
10Y Revenue Exit 5,354 KRW 7,026 KRW 7,619 KRW 36
10Y EBITDA Exit 11,394 KRW 24,794 KRW 49,032 KRW 37
Earnings-Based
EPV 2,923 KRW 2,961 KRW 2,993 KRW 59
Dividend Discount
Gordon GGM 191.82 KRW 398.83 KRW 632.71 KRW 70
DDM Multi-Stage 191.82 KRW 336.31 KRW 418.59 KRW 61
Multiples
EV/EBIT 3,301 KRW 3,501 KRW 3,702 KRW 53
EV/EBITDA 14,084 KRW 17,879 KRW 21,674 KRW 54
EV/Revenue 3,128 KRW 3,312 KRW 3,497 KRW 43
Asset-Based
NCAV (Graham) 2,802 KRW 3,754 KRW 5,603 KRW 50
Growth DCF
Growth DCF 7,357 KRW 11,945 KRW 19,464 KRW 80
Economic Profit
ROIC Compounder 2,923 KRW 2,961 KRW 2,993 KRW 72

Widest divergence: Growth DCF (11,945 KRW) versus Dividend Discount (336.31 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.0T KRW
Revenue growth (YoY) -9.7%
Net margin -0.3%
Return on equity -2.9%
Free cash flow 7.1B KRW FY2025
Operating margin -1.7%
More key figures
Dividend yield 2.5%
EPS growth (YoY) +5.7%
Net debt 15.8B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 33 · Market factors (momentum, volatility) 22

Profitability 31
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 47
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

Wooree Lighting Co.,Ltd manufactures and sells light bulbs in South Korea, China, and the Americas. It operates through Lighting Business, FPCB, LED Sector, Bio Sector, Smart Farm, Nanofiber, and Rental Business segments. Wooree Lighting Co.,Ltd was founded in 1966 and is headquartered in Ansan-Si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wooree Lighting Co.Ltd reported revenue of 1.1T KRW in FY2025 versus 1.6T KRW in FY2021, a compound −9.2%/yr. Reported net income was −3.0B KRW in FY2025.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.1T KRW
Latest YoY
−15.4%
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.
−8.3%
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 (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.
+14.8%
Revenue −9.2%/yr
FY21 1.6T KRW
FY22 1.4T KRW
FY23 1.3T KRW
FY24 1.3T KRW
FY25 1.1T KRW
Net income
FY21 21.1B KRW
FY22 7.1B KRW
FY23 5.0B KRW
FY24 2.1B KRW
FY25 −3.0B KRW

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Cite: Fair Value Calculator (2026). "Wooree Lighting Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/037400

Peer Group

Furnishings, Fixtures & Appliances · 321 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 33 · Bottom 25%
Fair Value upside +42% · Above median
Return on assets -0% · Bottom 25%
Net margin (TTM) -0% · Below median
Operating margin (TTM) -2% · Bottom 25%
Revenue growth -10% · Below median
Dividend yield (TTM) 3.2% · Above median
Debt / equity 0.31× · Higher than 75% of peers

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/FCF 0.0× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE89 · sector 18
FUTURE0 · sector 0
PAST0 · sector 19
HEALTH84 · sector 98
DIVIDEND63 · sector 57

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

Similar stocks

10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥84.34 ¥99.66 +18%
Gree Electric Appliances, Inc 000651 ¥40.23 ¥86.91 +116%
Haier Smart Home Co 600690 ¥21.79 ¥36.04 +65%
King Slide Works Co 2059 12,500 TWD 1,917 TWD -85%
Guangdong Songfa Ceramics Co 603268 ¥173.26 ¥38.83 -78%
Hisense Home Appliances Group 000921 ¥27.69 ¥50.62 +83%
Ecovacs Robotics Co 603486 ¥57.74 ¥54.14 -6%
Zhejiang Supor Co 002032 ¥41.68 ¥44.84 +8%
COWAY Co 021240 97,200 KRW 103,928 KRW +7%
Voltas Limited VOLTAS ₹1,290 ₹152.27 -88%

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Frequently asked questions

Is Wooree Lighting Co.Ltd (037400) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 896.75 KRW versus the last price from Aug 13, 2026 of 632.00 KRW, about +42% (undervalued).
What is the fair value of 037400?
Our model-based fair value for Wooree Lighting Co.Ltd is 896.75 KRW (as of Aug 13, 2026), built from audited fundamentals. Last price (from Aug 13, 2026): 632.00 KRW.
What is the quality score of 037400?
Wooree Lighting Co.Ltd has a Quality Score of 33/100. 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 Wooree Lighting Co.Ltd (037400)?
Wooree Lighting Co.Ltd reported trailing-twelve-month revenue of about 1.0T KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 037400?
The net profit margin of Wooree Lighting Co.Ltd is about -0.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Wooree Lighting Co.Ltd pay a dividend?
Wooree Lighting Co.Ltd currently shows a dividend yield of about 2.51% relative to its recent price (as of Aug 13, 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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