E KOCREF CR REIT (088260) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of E KOCREF CR REIT KRW 1,866, price KRW 3,275, upside -43.0%, quality 59 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 2,825 KRW – 5,340 KRW · fair‑value band 1,399 KRW – 1,866 KRW · the 3,275 KRW price screens above the 1,866 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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E Kocref Cr-Reit engages in the acquisition, development, management, and leasing of real estate properties. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.
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E Kocref Cr-Reit engages in the acquisition, development, management, and leasing of real estate properties. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was founded in 2005 and is based in Seoul, South Korea. E Kocref Cr-Reit is a subsidiary of ELAND RETAIL.Ltd.
Stock analysis
E KOCREF CR REIT (088260) currently trades at 3,275 KRW, while our model-based Fair Value estimate is 1,866 KRW, implying the stock looks roughly 75.5% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 2,273 KRW per share, and 0 of the 6 models we run sit above the 3,275 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,527 KRW, and 6 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: 1,399 KRW (bear) to 1,866 KRW (bull), the price of 3,275 KRW sits above 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 59/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
E KOCREF CR REIT reported revenue of 23.2B KRW in FY2025 versus 21.3B KRW in FY2021, a compound +2.1%/yr. Reported net income was 7.0B KRW in FY2025, compounding −6.5%/yr from FY2021.
Key figures
Market cap 207B KRW (≈ $145M) · Dividend yield 10.7% · Net margin 29.9% · Return on assets (EBIT) 2.5% · Free cash flow 12.2B KRW · Net debt 406B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 1% fair-value upside, at −43%, 088260 screens richer than that median.
Fair Value models
Bear 1,399 KRWFair Value 1,866 KRWBull 1,866 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+1.5%
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.
+2.1%
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.
+1.8%
Start year 2020 (pandemic)
Revenue growth 9 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.
−1.2%
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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.
+9.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.8%
Dividend (yield on the price)10.7%
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.−1% vs 8%, slowing
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.77% → 78%
Start year 2020 (pandemic)
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).
+48.0%
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 +45.0% 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.REIT - Diversified · 155 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−43% · Bottom 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)30% · Below median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)10.7% · Top 25%
Balance sheet
Debt / equity1.99× · Highest 25%
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
P/FCF0.0× · Cheapest 25%
EV/EBITDA19.3× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)0· sector 16
PAST (return on equity)0· sector 19
HEALTH (low debt)1· sector 76
DIVIDEND (yield)100· sector 100
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is E KOCREF CR REIT (088260) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1,866 KRW versus a price of 3,275 KRW, about −43% upside (overvalued).
What is the fair value of 088260?
Our model-based fair value for E KOCREF CR REIT is 1,866 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 3,275 KRW.
What is the quality score of 088260?
E KOCREF CR REIT has a Quality Score of 59/100. 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 E KOCREF CR REIT (088260)?
Our model-based price target is the fair value of 1,866 KRW (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 1,399 KRW, optimistic scenario 1,866 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the E KOCREF CR REIT stock forecast for 2026?
Our models put fair value at 1,866 KRW, about −43% upside versus a price of 3,275 KRW (overvalued). Cautious scenario 1,399 KRW, optimistic scenario 1,866 KRW. The calculation is refreshed regularly with new filings.
Does E KOCREF CR REIT pay a dividend?
E KOCREF CR REIT currently shows a dividend yield of about 10.75% relative to its recent price (as of Sep 24, 2026).
What growth is priced into E KOCREF CR REIT (088260)?
For today's price to be fair in a discounted-cash-flow model, E KOCREF CR REIT would have to grow free cash flow by +48.0 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 088260 use?
Our models discount E KOCREF CR REIT at 13.1 %: a base by market capitalisation (micro), 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 E KOCREF CR REIT that is +48.0 % per year a year over ten years, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has E KOCREF CR REIT (088260) delivered so far?
Over the past 5 years revenue at E KOCREF CR REIT grew +1.8 % a year. The price currently implies +48.0 % 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 E KOCREF CR REIT (088260) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into E KOCREF CR REIT (+48.0 % 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 E KOCREF CR REIT (088260)?
The free-cash-flow yield on the price is 5.90 %: that much free cash flow E KOCREF CR REIT produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of E KOCREF CR REIT (088260)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For E KOCREF CR REIT it is 1,866 KRW per share (as of Sep 24, 2026), against a price of 3,275 KRW. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is E KOCREF CR REIT stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 088260 trades above its calculated fair value: price 3,275 KRW, fair value 1,866 KRW, a gap of about −43% (overvalued). 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 088260?
No. The price is what the market pays today (3,275 KRW); the fair value is what the company's own numbers justify (1,866 KRW). For E KOCREF CR REIT the two are 1,409 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is E KOCREF CR REIT worth?
The market values E KOCREF CR REIT at about 207B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 3,275 KRW; our models calculate a fair value of 1,866 KRW per share.
What do the bullish and bearish scenarios say about 088260?
Our models span a range for E KOCREF CR REIT: cautious scenario 1,399 KRW, base 1,866 KRW, optimistic 1,866 KRW per share (as of Sep 24, 2026, price 3,275 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of E KOCREF CR REIT (088260)?
Balance-sheet figures for E KOCREF CR REIT (as of Sep 24, 2026): debt of 1.99 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 088260 from its 52-week high?
E KOCREF CR REIT trades at 3,275 KRW, about 39% below its 52-week high of 5,340 KRW and 16% above the low of 2,825 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 1,866 KRW is for.
Which stocks are comparable to E KOCREF CR REIT?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Charter Hall Group, 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 E KOCREF CR REIT stock attractive at the current price?
The data as of Sep 24, 2026: price 3,275 KRW, calculated fair value 1,866 KRW (−43%), Quality Score 59/100, from 9 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 088260 calculated?
We run E KOCREF CR REIT through 9 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 1,866 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 13.0 % above its aggregate fair value. E KOCREF CR REIT itself currently trades above fair value. 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 E KOCREF CR REIT (088260)?
The closing price on Sep 23, 2026 was 3,275 KRW. Our model-based fair value is 1,866 KRW, about −43% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with E KOCREF CR REIT right now?
The price sits above even our optimistic bull case (1,866 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of E KOCREF CR REIT
How large is the market capitalisation of E KOCREF CR REIT (088260)?
The market capitalisation of E KOCREF CR REIT is 207B KRW (≈ $145M). 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 dividend yield of E KOCREF CR REIT (088260)?
The dividend yield of E KOCREF CR REIT is 10.7%. 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 E KOCREF CR REIT (088260)?
The net margin of E KOCREF CR REIT is 29.9% (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 EBIT return on assets of E KOCREF CR REIT (088260)?
On an EBIT basis the return on assets of E KOCREF CR REIT is 2.5% (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.
How much net debt does E KOCREF CR REIT (088260) carry?
The net debt of E KOCREF CR REIT is 406B KRW (fiscal year 2025, ≈ 33.1 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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