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Korea Aerospace Industries, Ltd (047810) Fair Value & Analysis

Industrials · KR · Market cap 14.4T KRW

KA Korea Aerospace Industries, Ltd 047810 · KO
Price154,200 KRW
Fair Value32,419 KRW
Upside-79.0%
Quality39/100
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Expensive Growth
Thin margins · 4.8% net margin
Moderate debt · negative free cash flow
0.35% dividend yield
Trails peers (4/11)
Narrow moat 36/100
Evidence: High Range 23,271 KRW – 40,524 KRW Share as image

Fair value as of: Jul 16, 2026

From 16 valuation models · updated 25 days ago

Share price +8.6% over the past month.

Below-average quality, and screening another 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (40,524 KRW). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

201,420 KRW 26,466 KRW Fair Value 32,419 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 26,466 KRW – 201,420 KRW · fair‑value band 23,271 KRW – 40,524 KRW · the 154,200 KRW price screens above the 32,419 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Korea Aerospace Industries, Ltd (047810) currently trades at 154,200 KRW, while our model-based Fair Value estimate is 32,419 KRW, implying the stock looks roughly 79.0% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Korea Aerospace Industries, Ltd generated revenue of 4.1T KRW at a net margin of 4.8%. Revenue grew 56.3% year over year. It earns a return on equity of 10.9%. Net debt stands at 2.1T KRW. Fundamentals as of Jul 16, 2026

Our scenario range runs from 23,271 KRW (bear case) to 40,524 KRW (bull case); at 154,200 KRW, the current price sits above 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 28% below its 52-week high and 86% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -79%, 047810 screens richer 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 BearBaseBull Evidence
Highest evidence
Residual Income 16,826 KRW 18,970 KRW 33,469 KRW 76
ROIC Compounder 11,833 KRW 16,219 KRW 21,302 KRW 72
Gordon GGM 4,810 KRW 9,685 KRW 17,546 KRW 70
All 16 models by family
DCF Models
Owner Earnings 5,887 KRW 15,595 KRW 31
Earnings-Based
Graham-Dodd 12,968 KRW 33,004 KRW 42,920 KRW 54
PEG = 1.0 6,141 KRW 8,772 KRW 11,404 KRW 46
EPV 11,833 KRW 16,219 KRW 20,118 KRW 59
Dividend Discount
Gordon GGM 4,810 KRW 9,685 KRW 17,546 KRW 70
DDM Multi-Stage 4,810 KRW 7,468 KRW 10,476 KRW 61
Multiples
P/E Multiple 30,036 KRW 40,048 KRW 50,060 KRW 63
P/S Multiple 24,315 KRW 32,419 KRW 40,524 KRW 58
P/B Multiple 24,315 KRW 32,419 KRW 40,524 KRW 55
EV/EBIT 22,189 KRW 33,926 KRW 45,663 KRW 53
EV/EBITDA 25,009 KRW 37,686 KRW 50,363 KRW 54
EV/Revenue 12,109 KRW 22,879 KRW 33,650 KRW 43
Asset-Based
NCAV (Graham) 9,388 KRW 12,580 KRW 18,776 KRW 50
Economic Profit
Residual Income 16,826 KRW 18,970 KRW 33,469 KRW 76
ROIC Compounder 11,833 KRW 16,219 KRW 21,302 KRW 72
Growth Earnings
Growth-Adj P/E 23,271 KRW 33,244 KRW 43,217 KRW 68

Widest divergence: Growth Earnings (33,244 KRW) versus DCF Models (5,887 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 4.1T KRW
Revenue growth (YoY) +56.3%
Net margin 4.8%
Return on equity 10.9%
Free cash flow −1.1T KRW FY2025
Operating margin 6.2%
More key figures
Dividend yield 0.4%
EPS growth (YoY) +39.9%
Net debt 2.1T KRW FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 35 · Market factors (momentum, volatility) 58

Profitability 26
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 82
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

Korea Aerospace Industries, Ltd. manufactures and sells fixed and rotary wing aircrafts, and airframe products in South Korea.

Full company description

Korea Aerospace Industries, Ltd. manufactures and sells fixed and rotary wing aircrafts, and airframe products in South Korea. The company develops supersonic jets; airfield controlled and basic trainer aircrafts; utility, police, maritime police agency, coast guard, forest, and fire-fighting helicopters; unmanned air vehicles; commercial and civil aircrafts; and aero structures. It also provides aircraft maintenance, repair, and overhaul services; aircraft training systems; and compact advanced satellite 500 and defense satellite, and multi-purpose satellites, as well as space launch vehicles. Korea Aerospace Industries, Ltd. was founded in 1999 and is headquartered in Sacheon-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Korea Aerospace Industries, Ltd reported revenue of 3.7T KRW in FY2025 versus 2.6T KRW in FY2021, a compound +9.6%/yr. Reported net income was 186B KRW in FY2025, compounding +30.6%/yr from FY2021.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.7T KRW
Latest YoY
+1.7%
Avg. growth/yr (3Y)
+9.9%
Avg. growth/yr (5Y)
+5.5%
Avg. growth/yr (14Y)
+7.8%
Revenue +9.6%/yr
FY21 2.6T KRW
FY22 2.8T KRW
FY23 3.8T KRW
FY24 3.6T KRW
FY25 3.7T KRW
Net income +30.6%/yr
FY21 63.9B KRW
FY22 118B KRW
FY23 224B KRW
FY24 172B KRW
FY25 186B KRW

047810 screens 79% overvalued. Compare with General Electric Company →

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Cite: Fair Value Calculator (2026). "Korea Aerospace Industries, Ltd Fair Value". https://www.fairvalue-calculator.com/stock/047810

Peer Group

Aerospace & Defense · 226 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 39 · Bottom 25%
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 11% · Above median
Return on assets 2% · Below median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth 56% · Top 25%
Dividend yield (TTM) 0.4% · Below median
Debt / equity 0.73× · Higher than 75% of peers

Valuation Multiples vs Aerospace & Defense median · lower = cheaper

EV/EBITDA 3.2× · Cheaper than 75% of peers
PEG 0.47× · 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 0 · sector 0
FUTURE 100 · sector 46
PAST 44 · sector 38
HEALTH 64 · sector 94
DIVIDEND 7 · sector 15

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

Weapons Defense

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

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
General Electric Company GE $381.22 $116.71 -69%
RTX Corporation RTX $195.93 $88.37 -55%
Airbus SE 1AIR €213.25 €86.20 -60%
The Boeing Company BA $217.11 $48.20 -78%
China CSSC Holdings 600150 ¥34.31 ¥21.90 -36%
HD Hyundai Heavy Industries Co 329180 466,000 KRW 272,966 KRW -41%
Hanwha Aerospace Co 012450 967,000 KRW 573,468 KRW -41%
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS 337.50 TRY 130.70 TRY -61%
Saab AB SAABB kr 520.40 kr 212.84 -59%
Kongsberg Gruppen ASA KOG kr 277.50 kr 106.93 -61%

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Frequently asked questions

Is Korea Aerospace Industries, Ltd (047810) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 32,419 KRW versus a price of 154,200 KRW, about −79% (overvalued).
What is the fair value of 047810?
Our model-based fair value for Korea Aerospace Industries, Ltd is 32,419 KRW (as of Jul 16, 2026), built from audited fundamentals. The current price is 154,200 KRW.
What is the quality score of 047810?
Korea Aerospace Industries, Ltd has a Quality Score of 39/100. 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 Korea Aerospace Industries, Ltd (047810)?
Korea Aerospace Industries, Ltd reported trailing-twelve-month revenue of about 4.1T KRW (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 047810?
The net profit margin of Korea Aerospace Industries, Ltd is about 4.8%, meaning it keeps roughly 4.8% of revenue as net income. Based on the latest reported figures.
Does Korea Aerospace Industries, Ltd pay a dividend?
Korea Aerospace Industries, Ltd currently shows a dividend yield of about 0.36% relative to its recent price (as of Jul 16, 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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