SG&G Corporation (040610) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of SG&G Corporation KRW 6,310, price KRW 3,155, upside +100.0%, quality 54 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 24, 2026.
How to read this chart
60‑month range 2,755 KRW – 7,050 KRW · fair‑value band 6,074 KRW – 6,521 KRW · the 3,155 KRW price screens below the 6,310 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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SG&G Corporation provides logistics services in South Korea. The company offers 3PL and international logistics solutions; manufactures auto parts, such as automobile air conditioning parts, seat, engine, electronic, and fuel cells; and nuclear power plants parts. SG&G Corporation was founded in 1991 and is headquartered in Ansan-si, South Korea.
Stock analysis
SG&G Corporation (040610) currently trades at 3,155 KRW, while our model-based Fair Value estimate is 6,310 KRW, implying the stock looks roughly 50.0% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 50,371 KRW per share, and 11 of the 11 models we run sit above the 3,155 KRW price.
Bear case: the Growth DCF group reads lowest at 5,673 KRW, and 0 of the 11 models stay below the price. Evidence for this calculation is medium.
Scenario range: 6,074 KRW (bear) to 6,521 KRW (bull), the price of 3,155 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 54/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SG&G Corporation reported revenue of 47.7B KRW in FY2025 versus 35.7B KRW in FY2021, a compound +7.5%/yr. Reported net income was 27.2B KRW in FY2025, compounding +21.3%/yr from FY2021.
Key figures
Market cap 53.2B KRW (≈ $39.1M) · P/S ratio 1.07 · Net margin 57.0% · Return on equity 7.1% · Return on assets (EBIT) 0.6% · Operating margin 15.5% · Revenue (TTM) 48.7B KRW · Revenue growth (YoY) +8.6%.
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 32% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at 100%, 040610 screens cheaper than that median.
Fair Value models
Bear 6,074 KRWFair Value 6,310 KRWBull 6,521 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.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.36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−6.0%
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.
+3.7%
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.
+3.4%
Start year 2020 (pandemic). Over 10 years: −25.6% a year
Revenue growth 23 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.
+3.5%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+9.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.6%
Dividend (yield on the price)0.0%
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.34% vs 12%, picking up
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.68% → 8%
2025 sits 172% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 36.4%/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).
+11.6%
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 +9.3% 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.Conglomerates · 377 stocks
Beats the industry median on 8/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+100% · Top 25%
Profitability
Return on equity (TTM)7% · Above median
Return on assets1% · Below median
Net margin (TTM)60% · Top 25%
Operating margin (TTM)15% · Top 25%
Growth and dividend
Revenue growth9% · Above median
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
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Cite: Fair Value Calculator (2026). "SG&G Corporation Fair Value". https://www.fairvalue-calculator.com/stock/040610
Frequently asked questions
Is SG&G Corporation (040610) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6,310 KRW versus a price of 3,155 KRW, about +100% upside (undervalued).
What is the fair value of 040610?
Our model-based fair value for SG&G Corporation is 6,310 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 3,155 KRW.
What is the quality score of 040610?
SG&G Corporation has a Quality Score of 54/100. 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 SG&G Corporation (040610)?
Our model-based price target is the fair value of 6,310 KRW (as of Sep 24, 2026) from 11 valuation models. Cautious scenario 6,074 KRW, optimistic scenario 6,521 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the SG&G Corporation stock forecast for 2026?
Our models put fair value at 6,310 KRW, about +100% upside versus a price of 3,155 KRW (undervalued). Cautious scenario 6,074 KRW, optimistic scenario 6,521 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of SG&G Corporation (040610)?
SG&G Corporation reported trailing-twelve-month revenue of about 48.7B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into SG&G Corporation (040610)?
For today's price to be fair in a discounted-cash-flow model, SG&G Corporation would have to grow free cash flow by +11.6 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 040610 use?
Our models discount SG&G Corporation at 9.3 %: a base by market capitalisation (nano), damped by beta 0.66, 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 SG&G Corporation that is +11.6 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has SG&G Corporation (040610) delivered so far?
Over the past 5 years revenue at SG&G Corporation grew +3.4 % a year. The price currently implies +11.6 % 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 SG&G Corporation (040610) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into SG&G Corporation (+11.6 % 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 SG&G Corporation (040610)?
The free-cash-flow yield on the price is 6.88 %: that much free cash flow SG&G Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SG&G Corporation (040610)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SG&G Corporation it is 6,310 KRW per share (as of Sep 24, 2026), against a price of 3,155 KRW. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is SG&G Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 040610 trades below its calculated fair value: price 3,155 KRW, fair value 6,310 KRW, a gap of about +100% (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 040610?
No. The price is what the market pays today (3,155 KRW); the fair value is what the company's own numbers justify (6,310 KRW). For SG&G Corporation the two are 3,155 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is SG&G Corporation worth?
The market values SG&G Corporation at about 53.2B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 3,155 KRW; our models calculate a fair value of 6,310 KRW per share.
What do the bullish and bearish scenarios say about 040610?
Our models span a range for SG&G Corporation: cautious scenario 6,074 KRW, base 6,310 KRW, optimistic 6,521 KRW per share (as of Sep 24, 2026, price 3,155 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SG&G Corporation (040610)?
Balance-sheet figures for SG&G Corporation (as of Sep 24, 2026): return on equity 7.1%, debt of 0.00 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 040610 from its 52-week high?
SG&G Corporation trades at 3,155 KRW, about 32% below its 52-week high of 4,630 KRW and 15% above the low of 2,755 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 6,310 KRW is for.
Which stocks are comparable to SG&G Corporation?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane S.p.A, 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 SG&G Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 3,155 KRW, calculated fair value 6,310 KRW (+100%), Quality Score 54/100, from 11 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 040610 calculated?
We run SG&G Corporation through 11 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 6,310 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 14.0 % above its aggregate fair value. SG&G Corporation currently trades 100 % 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 SG&G Corporation (040610)?
The closing price on Sep 23, 2026 was 3,155 KRW. Our model-based fair value is 6,310 KRW, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SG&G Corporation right now?
The price is below even our cautious bear case (6,074 KRW). The market is more pessimistic than our downside scenario. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (6,074 KRW to 6,521 KRW), unusually little disagreement for a valuation.
Key figures of SG&G Corporation
How large is the market capitalisation of SG&G Corporation (040610)?
The market capitalisation of SG&G Corporation is 53.2B KRW (≈ $39.1M). 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 SG&G Corporation (040610)?
The price-to-sales ratio of SG&G Corporation is 1.07 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of SG&G Corporation (040610)?
The net margin of SG&G Corporation is 57.0% (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 SG&G Corporation (040610)?
The return on equity (ROE) of SG&G Corporation is 7.1% (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 SG&G Corporation (040610)?
On an EBIT basis the return on assets of SG&G Corporation is 0.6% (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 SG&G Corporation (040610)?
The operating margin of SG&G Corporation is 15.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SG&G Corporation (040610)?
Revenue at SG&G Corporation is growing +8.6% versus a year earlier (3y avg +3.7%). 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 SG&G Corporation (040610)?
Earnings per share at SG&G Corporation are growing +28.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SG&G Corporation (040610) carry?
The net debt of SG&G Corporation is 34.3B KRW (fiscal year 2025, ≈ 9.4 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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