RedcapTour Co. Ltd (038390) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of RedcapTour Co. Ltd KRW 26,466, price KRW 9,950, upside +166.0%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range 5,166 KRW – 12,081 KRW · fair‑value band 13,647 KRW – 34,405 KRW · the 9,950 KRW price screens below the 26,466 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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RedcapTour Co., Ltd. engages in the car rental, travel, event, and hotel booking businesses in South Korea and internationally. The company was founded in 1977 and is headquartered in Seoul, South Korea.
Stock analysis
RedcapTour Co. Ltd (038390) currently trades at 9,950 KRW, while our model-based Fair Value estimate is 26,466 KRW, implying the stock looks roughly 62.4% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 27,850 KRW per share, and 21 of the 24 models we run sit above the 9,950 KRW price.
Bear case: the Asset-Based group reads lowest at 8,065 KRW, and 3 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 13,647 KRW (bear) to 34,405 KRW (bull), the price of 9,950 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 46/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
RedcapTour Co. Ltd reported revenue of 366B KRW in FY2025 versus 229B KRW in FY2021, a compound +12.4%/yr. Reported net income was 23.7B KRW in FY2025, compounding +18.3%/yr from FY2021.
Key figures
Market cap 166B KRW (≈ $122M) · P/S ratio 0.68 · Dividend yield 6.6% · Net margin 6.5% · Return on equity 1,237% · Return on assets (EBIT) 5.6% · Operating margin 12.7% · Revenue (TTM) 242B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at 166%, 038390 screens cheaper than that median.
Fair Value models
Bear 13,647 KRWFair Value 26,466 KRWBull 34,405 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.9%
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.
+11.7%
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.
+9.8%
Start year 2020 (pandemic). Over 10 years: +5.9% a year
Revenue growth 18 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.
+8.6%
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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.
+5.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.8%
Dividend (yield on the price)6.6%
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.−0.8% vs 0.1%, steady
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.9% → 13%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 4.8%/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
A lot of optimism in the price
The price assumes more growth than 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).
+16.8%
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 +14.4% 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 sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Passenger Transportation Services” was too small, so the broader sector is used.)Industrials · 5422 stocks
Beats the sector median on 7/9 measures
Overall it ranks above its sector peers.
Valuation
Quality Score46 · Below median
Fair Value upside+166.0% · Top 25%
Profitability
Return on assets3.6% · Above median
Net margin (TTM)7.6% · Above median
Operating margin (TTM)12.7% · Above median
Growth and dividend
Revenue growth22.4% · Top 25%
Dividend yield (TTM)6.6% · Top 25%
Balance sheet
Debt / equity1.08× · Highest 25%
Valuation Multiplesvs Industrials median · lower = cheaper
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Is RedcapTour Co. Ltd (038390) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 26,466 KRW versus a price of 9,950 KRW, about +166% upside (undervalued).
What is the fair value of 038390?
Our model-based fair value for RedcapTour Co. Ltd is 26,466 KRW (as of Sep 27, 2026), built from audited fundamentals. The current price: 9,950 KRW.
What is the quality score of 038390?
RedcapTour Co. Ltd has a Quality Score of 46/100. 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 RedcapTour Co. Ltd (038390)?
Our model-based price target is the fair value of 26,466 KRW (as of Sep 27, 2026) from 24 valuation models. Cautious scenario 13,647 KRW, optimistic scenario 34,405 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the RedcapTour Co. Ltd stock forecast for 2026?
Our models put fair value at 26,466 KRW, about +166% upside versus a price of 9,950 KRW (undervalued). Cautious scenario 13,647 KRW, optimistic scenario 34,405 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of RedcapTour Co. Ltd (038390)?
RedcapTour Co. Ltd reported trailing-twelve-month revenue of about 242B KRW (latest available figure, as of Sep 27, 2026).
Does RedcapTour Co. Ltd pay a dividend?
RedcapTour Co. Ltd currently shows a dividend yield of about 6.61% relative to its recent price (as of Sep 27, 2026).
What growth is priced into RedcapTour Co. Ltd (038390)?
For today's price to be fair in a discounted-cash-flow model, RedcapTour Co. Ltd would have to grow free cash flow by +16.8 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.8 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 038390 use?
Our models discount RedcapTour Co. Ltd at 12.5 %: a base by market capitalisation (micro), damped by beta 0.80, 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 RedcapTour Co. Ltd that is +16.8 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has RedcapTour Co. Ltd (038390) delivered so far?
Over the past 5 years revenue at RedcapTour Co. Ltd grew +9.8 % a year. The price currently implies +16.8 % per year free-cash-flow growth a 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 RedcapTour Co. Ltd (038390) growing?
The median revenue growth in the sector is +5.4 % a year. That is the yardstick for the growth priced into RedcapTour Co. Ltd (+16.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of RedcapTour Co. Ltd (038390)?
The free-cash-flow yield on the price is 14.10 %: that much free cash flow RedcapTour Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of RedcapTour Co. Ltd (038390)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For RedcapTour Co. Ltd it is 26,466 KRW per share (as of Sep 27, 2026), against a price of 9,950 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is RedcapTour Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 038390 trades below its calculated fair value: price 9,950 KRW, fair value 26,466 KRW, a gap of about +166% (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 038390?
No. The price is what the market pays today (9,950 KRW); the fair value is what the company's own numbers justify (26,466 KRW). For RedcapTour Co. Ltd the two are 16,516 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is RedcapTour Co. Ltd worth?
The market values RedcapTour Co. Ltd at about 166B KRW (market capitalisation, as of Sep 27, 2026). Per share that is 9,950 KRW; our models calculate a fair value of 26,466 KRW per share.
What do the bullish and bearish scenarios say about 038390?
Our models span a range for RedcapTour Co. Ltd: cautious scenario 13,647 KRW, base 26,466 KRW, optimistic 34,405 KRW per share (as of Sep 27, 2026, price 9,950 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of RedcapTour Co. Ltd (038390)?
Balance-sheet figures for RedcapTour Co. Ltd (as of Sep 27, 2026): debt of 1.08 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 038390 from its 52-week high?
RedcapTour Co. Ltd trades at 9,950 KRW, about 18% below its 52-week high of 12,081 KRW and 10% above the low of 9,056 KRW (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of 26,466 KRW is for.
Which stocks are comparable to RedcapTour Co. Ltd?
From the same area (Industrials) we also value CEBCP, Contemporary Amperex Technology Co, Delta Electronics (Thailand) Public Company, Larsen & Toubro 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 RedcapTour Co. Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price 9,950 KRW, calculated fair value 26,466 KRW (+166%), Quality Score 46/100, 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 038390 calculated?
We run RedcapTour Co. Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 26,466 KRW, 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 15.9 % above its aggregate fair value. RedcapTour Co. Ltd currently trades 166 % 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 RedcapTour Co. Ltd (038390)?
The closing price on Sep 28, 2026 was 9,950 KRW. Our model-based fair value is 26,466 KRW, about +166% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with RedcapTour Co. Ltd right now?
The price is below even our cautious bear case (13,647 KRW). The market is more pessimistic than our downside scenario. Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (13,647 KRW to 34,405 KRW) leaves room in how you read the outcome.
Key figures of RedcapTour Co. Ltd
How large is the market capitalisation of RedcapTour Co. Ltd (038390)?
The market capitalisation of RedcapTour Co. Ltd is 166B KRW (≈ $122M). 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 RedcapTour Co. Ltd (038390)?
The price-to-sales ratio of RedcapTour Co. Ltd is 0.68 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of RedcapTour Co. Ltd (038390)?
The dividend yield of RedcapTour Co. Ltd is 6.6%. 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 RedcapTour Co. Ltd (038390)?
The net margin of RedcapTour Co. Ltd is 6.5% (fiscal year 2025). 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 RedcapTour Co. Ltd (038390)?
The return on equity (ROE) of RedcapTour Co. Ltd is 1,237% (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 RedcapTour Co. Ltd (038390)?
On an EBIT basis the return on assets of RedcapTour Co. Ltd is 5.6% (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 RedcapTour Co. Ltd (038390)?
The operating margin of RedcapTour Co. Ltd is 12.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at RedcapTour Co. Ltd (038390)?
Revenue at RedcapTour Co. Ltd is growing +22.4% versus a year earlier (3y avg +11.7%). 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 RedcapTour Co. Ltd (038390)?
Earnings per share at RedcapTour Co. Ltd are growing +68.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does RedcapTour Co. Ltd (038390) carry?
The net debt of RedcapTour Co. Ltd is 319B KRW (fiscal year 2025, ≈ 13.6 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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