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SFA Engineering Corporation (056190) Fair Value & Analysis

Industrials · KR · Market cap 578B KRW

SE SFA Engineering Corporation 056190 · KQ
Price22,450 KRW
Fair Value39,500 KRW
Upside+76.0%
Quality57/100
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Weak Growth
Thin margins · 3.2% net margin
Low debt · generates free cash flow
4.59% dividend yield
Mixed vs. peers (4/10)
Narrow moat 30/100
Evidence: Medium Range 29,625 KRW – 49,376 KRW Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 38,894 KRW to 39,500 KRW (+1.6%) since Jul 6, 2026. Share price −1.3% over the past month.

A solid business, screening 76% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (29,625 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

39,677 KRW 16,761 KRW Fair Value 39,500 KRW Mar 2021 Aug 2026

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 16,761 KRW – 39,677 KRW · fair‑value band 29,625 KRW – 49,376 KRW · the 22,450 KRW price screens below the 39,500 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.

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Analysis

SFA Engineering Corporation (056190) currently trades at 22,450 KRW, while our model-based Fair Value estimate is 39,500 KRW, implying the stock looks roughly 76.0% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Industrials 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, SFA Engineering Corporation generated revenue of 1.6T KRW at a net margin of 3.2%. Revenue declined 9.3% year over year. It earns a return on equity of 3.3%. Net debt stands at 111B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 29,625 KRW (bear case) to 49,376 KRW (bull case); at 22,450 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 about 38% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 76%, 056190 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 32,240 KRW 45,488 KRW 65,546 KRW 80
Residual Income 25,862 KRW 26,921 KRW 28,045 KRW 76
Rev-Margin DCF 33,253 KRW 49,903 KRW 69,127 KRW 74
All 24 models by family
DCF Models
FCF DCF 31,752 KRW 46,670 KRW 70,728 KRW 38
Owner Earnings 28,384 KRW 41,255 KRW 62,013 KRW 31
5Y Revenue Exit 33,253 KRW 50,004 KRW 71,513 KRW 39
5Y EBITDA Exit 51,726 KRW 84,749 KRW 123,704 KRW 41
5Y P/E Exit 33,026 KRW 49,577 KRW 66,993 KRW 38
10Y Revenue Exit 31,622 KRW 47,079 KRW 68,089 KRW 36
10Y EBITDA Exit 44,591 KRW 71,832 KRW 109,056 KRW 37
10Y P/E Exit 32,372 KRW 46,775 KRW 64,541 KRW 35
Earnings-Based
Graham-Dodd 13,430 KRW 42,833 KRW 57,103 KRW 54
Lynch FV 9,456 KRW 13,509 KRW 17,562 KRW 50
PEG = 1.0 9,456 KRW 13,509 KRW 17,562 KRW 46
EPV 22,590 KRW 25,305 KRW 27,719 KRW 59
Multiples
P/E Multiple 29,625 KRW 39,500 KRW 49,376 KRW 63
P/S Multiple 25,182 KRW 33,575 KRW 41,969 KRW 58
P/B Multiple 25,182 KRW 33,575 KRW 41,969 KRW 55
EV/EBIT 48,749 KRW 62,598 KRW 76,447 KRW 53
EV/EBITDA 68,221 KRW 88,561 KRW 108,901 KRW 54
EV/Revenue 35,208 KRW 47,210 KRW 59,213 KRW 43
Asset-Based
NCAV (Graham) 16,080 KRW 21,547 KRW 32,160 KRW 50
Growth DCF
Growth DCF 32,240 KRW 45,488 KRW 65,546 KRW 80
Rev-Margin DCF 33,253 KRW 49,903 KRW 69,127 KRW 74
Economic Profit
Residual Income 25,862 KRW 26,921 KRW 28,045 KRW 76
ROIC Compounder 22,590 KRW 25,305 KRW 27,719 KRW 72
Growth Earnings
Growth-Adj P/E 24,840 KRW 35,486 KRW 46,131 KRW 68

Widest divergence: DCF Models (47,079 KRW) versus Earnings-Based (13,509 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.6T KRW
Revenue growth (YoY) -9.3%
Net margin 3.2%
Return on equity 3.3%
Free cash flow 56.8B KRW FY2025
Operating margin 4.3%
More key figures
Dividend yield 3.8%
EPS growth (YoY) -14.7%
Net debt 111B KRW FY2023

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 55 · Market factors (momentum, volatility) 23

Profitability 30
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 100
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

SFA Engineering Corporation manufactures and sells display equipment, logistics systems, secondary battery, semiconductor equipment, material handling, and special business equipment in South Korea and internationally.

Full company description

SFA Engineering Corporation manufactures and sells display equipment, logistics systems, secondary battery, semiconductor equipment, material handling, and special business equipment in South Korea and internationally. The company offers smart factory, that includes NEO AI solution and NEO platform solution; semiconductor equipment, such as clean logistics system and test equipment, as well as N2 stocker, OHT, AGV, inter-layer high-speed lifter, clean module conveyor, and application test; and module equipment; and front-end equipment. It also provides special business that includes aerospace and nuclear fusion; secondary battery, such as logistics system, process and precision equipment, and inspect and measure equipment; consulting, design, simulation, production, installation, test-operation, and after-sales services; distribution centers, automated warehouse system, and factory automated system. The company was founded in 1998 and is headquartered in Hwaseong-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SFA Engineering Corporation reported revenue of 1.6T KRW in FY2025 versus 1.6T KRW in FY2021, a compound +1.0%/yr. Reported net income was 55.1B KRW in FY2025, compounding −17.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.6T KRW
Latest YoY
−20.3%
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.
−1.1%
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.
+1.0%
Avg. growth/yr (20Y) 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.
+7.9%
Revenue +1.0%/yr
FY21 1.6T KRW
FY22 1.7T KRW
FY23 1.9T KRW
FY24 2.0T KRW
FY25 1.6T KRW
Net income −17.1%/yr
FY21 117B KRW
FY22 77.2B KRW
FY23 40.0B KRW
FY24 −72.6B KRW
FY25 55.1B KRW

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Cite: Fair Value Calculator (2026). "SFA Engineering Corporation Fair Value". https://www.fairvalue-calculator.com/stock/056190

Peer Group

Specialty Industrial Machinery · 805 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 57 · Above median
Fair Value upside +76% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 4.6% · Top 25%
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/FCF 0.0× · 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 0
FUTURE 0 · sector 23
PAST 13 · sector 28
HEALTH 95 · sector 96
DIVIDEND 92 · sector 24

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

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Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is SFA Engineering Corporation (056190) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 39,500 KRW versus a price of 22,450 KRW, about +76% (undervalued).
What is the fair value of 056190?
Our model-based fair value for SFA Engineering Corporation is 39,500 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 22,450 KRW.
What is the quality score of 056190?
SFA Engineering Corporation has a Quality Score of 57/100. 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 SFA Engineering Corporation (056190)?
SFA Engineering Corporation reported trailing-twelve-month revenue of about 1.6T KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 056190?
The net profit margin of SFA Engineering Corporation is about 3.2%, meaning it keeps roughly 3.2% of revenue as net income. Based on the latest reported figures.
Does SFA Engineering Corporation pay a dividend?
SFA Engineering Corporation currently shows a dividend yield of about 3.80% relative to its recent price (as of Jul 20, 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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