Gwangjushinseg (037710) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Gwangjushinseg stock KRW 68,309, price KRW 34,400, upside +98.6%, quality 60 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 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 6, 2026.
How to read this chart
60‑month range 23,128 KRW – 170,980 KRW · fair‑value band 47,831 KRW – 90,702 KRW · the 34,400 KRW price screens below the 68,309 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Gwangju Shinsegae. Co. ,Ltd. operates department stores under the E-Mart name in South Korea. The company was formerly known as Gwangju Shinsegae Department Co., Ltd. and changed its name to Gwangju Shinsegae. Co. ,Ltd. in 2006. Gwangju Shinsegae.
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Co. ,Ltd. was founded in 1995 and is headquartered in Gwangju-si, South Korea. Gwangju Shinsegae. Co. ,Ltd. is a subsidiary of Shinsegae Inc.
Stock analysis
Gwangjushinseg (037710) currently trades at 34,400 KRW, while our model-based Fair Value estimate is 68,309 KRW, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 96,872 KRW per share, and 16 of the 24 models we run sit above the 34,400 KRW price.
Bear case: the Dividend Discount group reads lowest at 18,587 KRW, and 8 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 47,831 KRW (bear) to 90,702 KRW (bull), the price of 34,400 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 60/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Gwangjushinseg reported revenue of 184B KRW in FY2025 versus 170B KRW in FY2021, a compound +2.0%/yr. Reported net income was 44.5B KRW in FY2025, compounding −4.0%/yr from FY2021.
Key figures
Market cap 262B KRW (≈ $194M) Micro · P/E ratio 5.1 · P/S ratio 1.37 · EPS (TTM) 6,453 KRW · Dividend yield 10.5% · Net margin 25.7% · Return on equity 5.8% · Return on assets (EBIT) 5.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 99%, 037710 screens cheaper than that median.
Fair Value models
Bear47,831 KRWFair Value 68,309 KRWBull90,702 KRW
Price 34,400 KRW · Upside +98.6%
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 (2,447 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.73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.3%
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.
−0.1%
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.
+4.5%
Start year 2020 (pandemic). Over 10 years: −1.1% 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.
−1.0%
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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.
−17.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−27.9%
Dividend (yield on the price)10.5%
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.−27.9% vs −14.7%, 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.89% → 29%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 21.5%/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
Price in line with expectations
The price assumes about as much growth as 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).
+4.1%
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 +2.0% 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.Department Stores · 107 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+98.6% · Top 25%
Profitability
Return on equity (12 months)5.8% · Above median
Return on assets3.5% · Above median
Net margin (12 months)25.7% · Top 25%
Operating margin (12 months)28.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)8.6% · Top 25%
Dividend yield (12 months)10.5% · Top 25%
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Department Stores median · lower = cheaper
P/E (12 months)5.1× · Cheapest 25%
P/B0.30× · Cheapest 25%
P/S (12 months)1.37× · Pricier than median
Price / free cash flow (fiscal year)6.7× · Cheaper than median
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). "Gwangjushinseg Fair Value". https://www.fairvalue-calculator.com/stock/037710
Frequently asked questions
Is Gwangjushinseg (037710) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 68,309 KRW versus a price of 34,400 KRW, about +99% upside (undervalued).
What is the fair value of 037710?
Our model-based fair value for Gwangjushinseg is 68,309 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 34,400 KRW.
What is the quality score of 037710?
Gwangjushinseg has a Quality Score of 60/100. 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 Gwangjushinseg (037710)?
Our model-based price target is the fair value of 68,309 KRW (as of Nov 6, 2026) from 24 valuation models. Cautious scenario 47,831 KRW, optimistic scenario 90,702 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Gwangjushinseg stock forecast for 2026?
Our models put fair value at 68,309 KRW, about +99% upside versus a price of 34,400 KRW (undervalued). Cautious scenario 47,831 KRW, optimistic scenario 90,702 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Gwangjushinseg (037710)?
Gwangjushinseg reported trailing-twelve-month revenue of about 191B KRW (latest available figure, as of Nov 6, 2026).
Does Gwangjushinseg pay a dividend?
Gwangjushinseg currently shows a dividend yield of 10.47% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Gwangjushinseg (037710) and when is the ex-dividend date?
Gwangjushinseg pays a dividend of 3,600 KRW per share a year, a dividend yield of 10.5%. The last ex-dividend date was Aug 28, 2026. The payout ratio is 55.8% of earnings. Free cash flow covers the dividend 1.43 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 Gwangjushinseg (037710)?
For today's price to be fair in a discounted-cash-flow model, Gwangjushinseg would have to grow free cash flow by +4.1 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.5 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 037710 use?
Our models discount Gwangjushinseg at 11.6 %: a base by market capitalisation (micro), damped by beta 0.26, 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 Gwangjushinseg that is +4.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Gwangjushinseg (037710) delivered so far?
Over the past 5 years revenue at Gwangjushinseg grew +4.5 % a year. The price currently implies free-cash-flow growth of +4.1 % 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 Gwangjushinseg (037710) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Gwangjushinseg (+4.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Gwangjushinseg (037710)?
The free-cash-flow yield on the price is 15.00 %: that much free cash flow Gwangjushinseg produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Gwangjushinseg (037710)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gwangjushinseg it is 68,309 KRW per share (as of Nov 6, 2026), against a price of 34,400 KRW. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Gwangjushinseg stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 037710 trades below its calculated fair value: price 34,400 KRW, fair value 68,309 KRW, a gap of about +99% (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 037710?
No. The price is what the market pays today (34,400 KRW); the fair value is what the company's own numbers justify (68,309 KRW). For Gwangjushinseg the two are 33,909 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Gwangjushinseg worth?
The market values Gwangjushinseg at about 262B KRW (market capitalisation, as of Nov 6, 2026). Per share that is 34,400 KRW; our models calculate a fair value of 68,309 KRW per share.
What do the bullish and bearish scenarios say about 037710?
Our models span a range for Gwangjushinseg: cautious scenario 47,831 KRW, base 68,309 KRW, optimistic 90,702 KRW per share (as of Nov 6, 2026, price 34,400 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 037710?
Gwangjushinseg trades at a price-to-earnings ratio of 5.1 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 68,309 KRW is built from several models across several years. Other multiples: P/B 0.3, P/S 1.4, EV/EBITDA 3.7.
How solid is the balance sheet of Gwangjushinseg (037710)?
Balance-sheet figures for Gwangjushinseg (as of Nov 6, 2026): return on equity 5.8%, debt of 0.14 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 037710 from its 52-week high?
Gwangjushinseg trades at 34,400 KRW, about 35% below its 52-week high of 52,900 KRW and 24% above the low of 27,854 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 68,309 KRW is for.
Which stocks are comparable to Gwangjushinseg?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Macy's, Inc, 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 Gwangjushinseg stock attractive at the current price?
The data as of Nov 6, 2026: price 34,400 KRW, calculated fair value 68,309 KRW (+99%), Quality Score 60/100, 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 037710 calculated?
We run Gwangjushinseg through 24 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 68,309 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. Gwangjushinseg currently trades 50% 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 Gwangjushinseg (037710)?
The closing price on Nov 6, 2026 was 34,400 KRW. Our model-based fair value is 68,309 KRW, about +99% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gwangjushinseg right now?
The price is below even our cautious bear case (47,831 KRW). The market is more pessimistic than our downside scenario. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (47,831 KRW to 90,702 KRW) leaves room in how you read the outcome.
Key figures of Gwangjushinseg
How large is the market capitalisation of Gwangjushinseg (037710)?
The market capitalisation of Gwangjushinseg is 262B KRW (≈ $194M). 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 Gwangjushinseg (037710)?
The price-to-sales ratio of Gwangjushinseg is 1.37 (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 Gwangjushinseg (037710)?
Earnings per share at Gwangjushinseg are 6,453 KRW (price ÷ EPS = P/E 5.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Gwangjushinseg (037710)?
The dividend yield of Gwangjushinseg is 10.5% (payout 55.8%). 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 Gwangjushinseg (037710)?
The net margin of Gwangjushinseg is 25.7% (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 Gwangjushinseg (037710)?
The return on equity (ROE) of Gwangjushinseg is 5.8% (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 Gwangjushinseg (037710)?
On an EBIT basis the return on assets of Gwangjushinseg is 5.7% (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 Gwangjushinseg (037710)?
The operating margin of Gwangjushinseg is 28.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gwangjushinseg (037710)?
Revenue at Gwangjushinseg is growing +8.6% versus a year earlier (3y avg −0.1%). 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 Gwangjushinseg (037710)?
Earnings per share at Gwangjushinseg are growing +27.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Gwangjushinseg (037710) carry?
The net debt of Gwangjushinseg is 203B KRW (fiscal year 2025, ≈ 5.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026