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Gwangju Shinsegae. Co (037710) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 297B KRW

GS Gwangju Shinsegae. Co 037710 · KO
Price39,150 KRW
Fair Value94,916 KRW
Upside+142.4%
Quality63/100
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Healthy Growth
Highly profitable · 24.9% net margin
Low debt · generates free cash flow
7.75% dividend yield
Ranks above peers (10/11)
Moderate moat 62/100
Evidence: High Range 66,240 KRW – 127,050 KRW Share as image

Fair value as of: Jul 24, 2026

From 22 valuation models · updated 17 days ago

Share price −21.4% over the past month.

A solid business, screening 142% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (66,240 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (66,240 KRW to 127,050 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

170,980 KRW 23,128 KRW Fair Value 94,916 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 23,128 KRW – 170,980 KRW · fair‑value band 66,240 KRW – 127,050 KRW · the 39,150 KRW price screens below the 94,916 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Gwangju Shinsegae. Co (037710) currently trades at 39,150 KRW, while our model-based Fair Value estimate is 94,916 KRW, implying the stock looks roughly 142.4% undervalued today. The Quality Score stands at 63/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Gwangju Shinsegae. Co generated revenue of 187B KRW at a net margin of 24.9%. Revenue grew 7.1% year over year. It earns a return on equity of 5.5%. Net debt stands at 203B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 66,240 KRW (bear case) to 127,050 KRW (bull case); at 39,150 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 near its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 50% fair-value upside, at 142%, 037710 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 50,393 KRW 71,658 KRW 110,594 KRW 80
Residual Income 88,703 KRW 90,496 KRW 89,052 KRW 76
Rev-Margin DCF 25,775 KRW 36,696 KRW 50,797 KRW 74
All 22 models by family
DCF Models
FCF DCF 47,782 KRW 69,413 KRW 112,412 KRW 38
Owner Earnings 51,198 KRW 74,211 KRW 119,957 KRW 31
5Y Revenue Exit 25,775 KRW 35,501 KRW 49,825 KRW 39
5Y EBITDA Exit 64,019 KRW 101,181 KRW 151,090 KRW 41
5Y P/E Exit 66,181 KRW 104,894 KRW 151,702 KRW 38
10Y Revenue Exit 33,042 KRW 41,814 KRW 50,965 KRW 36
10Y EBITDA Exit 57,455 KRW 84,433 KRW 114,150 KRW 37
10Y P/E Exit 58,803 KRW 86,842 KRW 114,532 KRW 35
Earnings-Based
Graham-Dodd 39,644 KRW 54,838 KRW 63,848 KRW 54
EPV 37,018 KRW 44,551 KRW 51,247 KRW 59
Multiples
P/E Multiple 96,195 KRW 128,260 KRW 160,325 KRW 63
P/S Multiple 21,737 KRW 28,982 KRW 36,228 KRW 58
P/B Multiple 74,333 KRW 99,110 KRW 123,888 KRW 55
EV/EBIT 87,205 KRW 118,164 KRW 149,122 KRW 53
EV/EBITDA 86,541 KRW 117,278 KRW 148,016 KRW 54
EV/Revenue 14,618 KRW 23,312 KRW 32,007 KRW 43
Asset-Based
NCAV (Graham) 56,720 KRW 76,005 KRW 113,441 KRW 50
Growth DCF
Growth DCF 50,393 KRW 71,658 KRW 110,594 KRW 80
Rev-Margin DCF 25,775 KRW 36,696 KRW 50,797 KRW 74
Economic Profit
Residual Income 88,703 KRW 90,496 KRW 89,052 KRW 76
ROIC Compounder 37,018 KRW 44,551 KRW 51,247 KRW 72
Growth Earnings
Growth-Adj P/E 67,810 KRW 96,872 KRW 125,933 KRW 68

Widest divergence: Multiples (99,110 KRW) versus Growth DCF (36,696 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 187B KRW
Revenue growth (YoY) +7.1%
Net margin 24.9%
Return on equity 5.5%
Free cash flow 39.3B KRW FY2025
Operating margin 32.2%
More key figures
Dividend yield 8.1%
EPS growth (YoY) +28.2%
Net debt 203B KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 58

Profitability 37
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 89
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

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. Co. ,Ltd. was founded in 1995 and is headquartered in Gwangju-si, South Korea. Gwangju Shinsegae. Co. ,Ltd.

Full company description

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. Co. ,Ltd. was founded in 1995 and is headquartered in Gwangju-si, South Korea. Gwangju Shinsegae. Co. ,Ltd. is a subsidiary of Shinsegae Inc.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Gwangju Shinsegae. Co 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.

Growth Quality 73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
184B KRW
Latest YoY
+0.3%
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.
−0.1%
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.
+4.5%
Avg. growth/yr (12Y) 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.
−1.0%
Revenue +2.0%/yr
FY21 170B KRW
FY22 185B KRW
FY23 180B KRW
FY24 184B KRW
FY25 184B KRW
Net income −4.0%/yr
FY21 52.4B KRW
FY22 56.9B KRW
FY23 48.3B KRW
FY24 46.2B KRW
FY25 44.5B KRW

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Cite: Fair Value Calculator (2026). "Gwangju Shinsegae. Co Fair Value". https://www.fairvalue-calculator.com/stock/037710

Peer Group

Department Stores · 127 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 63 · Top 25%
Fair Value upside +142% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth 7% · Top 25%
Dividend yield (TTM) 7.8% · Top 25%
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Department Stores median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 0.5× · 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.

VALUE 100 · sector 26
FUTURE 36 · sector 2
PAST 22 · sector 16
HEALTH 93 · sector 96
DIVIDEND 100 · sector 37

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 Department Stores stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 5,875 CLP 8,880 CLP +51%
El Puerto de Liverpool, S.A. LIVEPOLC1 99.62 MXN 263.70 MXN +165%
99 Speed Mart Retail Holdings 5326 3.70 MYR 1.45 MYR -61%
Cencosud S.A CENCOSUD 2,040 CLP 2,516 CLP +23%
Vishal Mega Mart Limited VMM ₹113.94 ₹37.39 -67%
SHINSEGAE Inc 004170 610,000 KRW 200,259 KRW -67%
Organización Soriana, S. A. B. de C. V., SORIANAB 30.04 MXN 59.59 MXN +98%
Lotte Shopping Co 023530 155,300 KRW 81,725 KRW -47%
Lojas Renner S.A LREN3 R$14.10 R$33.36 +137%
La Comer, S.A. LACOMERUBC 34.37 MXN 51.49 MXN +50%

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Frequently asked questions

Is Gwangju Shinsegae. Co (037710) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 94,916 KRW versus a price of 39,150 KRW, about +142% (undervalued).
What is the fair value of 037710?
Our model-based fair value for Gwangju Shinsegae. Co is 94,916 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 39,150 KRW.
What is the quality score of 037710?
Gwangju Shinsegae. Co has a Quality Score of 63/100. 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 Gwangju Shinsegae. Co (037710)?
Gwangju Shinsegae. Co reported trailing-twelve-month revenue of about 187B KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 037710?
The net profit margin of Gwangju Shinsegae. Co is about 24.9%, meaning it keeps roughly 24.9% of revenue as net income. Based on the latest reported figures.
Does Gwangju Shinsegae. Co pay a dividend?
Gwangju Shinsegae. Co currently shows a dividend yield of about 8.09% relative to its recent price (as of Jul 24, 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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