Sangsangin Co (038540) Fair Value & Analysis

Financials · KR · Market cap 107B KRW

A solid business, screening 77% undervalued on our models.

What matters now

• The model range is unusually wide (1,725 KRW to 7,279 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
• Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

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 1,359 KRW – 11,621 KRW · fair‑value band 1,725 KRW – 7,279 KRW · the 2,255 KRW price screens below the 3,994 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.

Full chart & analysis →

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Analysis

Sangsangin Co (038540) currently trades at 2,255 KRW, while our model-based Fair Value estimate is 3,994 KRW, implying the stock looks roughly 77.1% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Financials 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, Sangsangin Co generated revenue of 696B KRW at a net margin of 13.0%. Revenue grew 40.0% year over year. Net debt stands at 385B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 1,725 KRW (bear case) to 7,279 KRW (bull case); at 2,255 KRW, the current price sits within 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 6% below its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financials peers we cover trades at 47% fair-value upside, at 77%, 038540 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.

Widest divergence: Asset-Based (5,526 KRW) versus Dividend Discount (3,796 KRW). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

Sangsangin Co., Ltd. operates in the field of information technology (IT), financial services, and heavy industry in South Korea.

Full company description

Sangsangin Co., Ltd. operates in the field of information technology (IT), financial services, and heavy industry in South Korea. The company provides various IT services, such as security systems, integrated communication, SDN, and cloud services, as well as wired or wireless network services; design, installation, and maintenance of IT networks; consulting services; and electronic components. It also offers various banking products and services, such as stock loans; acts as an intermediary in the sale of equity, bonds, and financial derivatives; and provides consulting on financial investment products. In addition, the company offers consulting services on the modernization and the construction of ship-building sites; and offshore marine and deck cranes. The company was formerly known as Texcell-NetCom Co., Ltd. Sangsangin Co., Ltd. was founded in 1989 and is headquartered in Seongnam, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sangsangin Co reported revenue of 419B KRW in FY2025 versus 569B KRW in FY2021, a compound −7.4%/yr. Reported net income was −121B KRW in FY2025.

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Peer Group

Information Technology · 3417 stocks

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 “Banking Services” was too small, so the broader sector is used.)

Valuation Multiples vs Information Technology median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.