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Jeju Air Co Ltd (089590) Fair Value & Analysis

Industrials · KR · Market cap 342B KRW

JA Jeju Air Co Ltd 089590 · KO
Price4,170 KRW
Fair Value6,043 KRW
Upside+44.9%
Quality25/100
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Mixed Growth
Loss-making · -3.9% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 22/100
Evidence: Low Range 3,187 KRW – 8,899 KRW Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 6 days ago

Fair value updated Aug 13, 2026, revised from 3,021 KRW to 6,043 KRW (+100.0%) since Jul 24, 2026.

Below-average quality, screening 45% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (25/100). That raises the risk this is a value trap rather than a bargain.
  • The model range is unusually wide (3,187 KRW to 8,899 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

20,936 KRW 3,249 KRW Fair Value 6,043 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 3,249 KRW – 20,936 KRW · fair‑value band 3,187 KRW – 8,899 KRW · the 4,170 KRW price screens below the 6,043 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Jeju Air Co Ltd (089590) currently trades at 4,170 KRW, while our model-based Fair Value estimate is 6,043 KRW, implying the stock looks roughly 44.9% undervalued today. The Quality Score stands at 25/100 (below-average 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: low), always confirm before acting.

Over the trailing twelve months, Jeju Air Co Ltd generated revenue of 1.7T KRW at a net margin of -3.9%. Revenue grew 34.2% year over year. It earns a return on equity of -23.1%. Net debt stands at 217B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 3,187 KRW (bear case) to 8,899 KRW (bull case); at 4,170 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 44% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 29% fair-value upside, at 45%, 089590 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
EV/EBITDA 5,010 KRW 6,438 KRW 7,866 KRW 54
NCAV (Graham) 1,708 KRW 2,288 KRW 3,415 KRW 50
All 2 models by family
Multiples
EV/EBITDA 5,010 KRW 6,438 KRW 7,866 KRW 54
Asset-Based
NCAV (Graham) 1,708 KRW 2,288 KRW 3,415 KRW 50

Widest divergence: Multiples (6,438 KRW) versus Asset-Based (2,288 KRW). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 1.7T KRW
Revenue growth (YoY) +34.2%
Net margin -3.9%
Return on equity -23.1%
Free cash flow −272B KRW FY2025
Operating margin 13.4%
More key figures
EPS growth (YoY) +61.1%
Net debt 217B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 25/100

Of which business quality 23 · Market factors (momentum, volatility) 25

Profitability 10
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 74
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

Jeju Air Co., Ltd., together with its subsidiaries, provides airline services. The company offers domestic and international passenger and cargo transportation, hotel accommodation, ground handling, air transport support, and other related services. It is also involved in real estate investment business.

Full company description

Jeju Air Co., Ltd., together with its subsidiaries, provides airline services. The company offers domestic and international passenger and cargo transportation, hotel accommodation, ground handling, air transport support, and other related services. It is also involved in real estate investment business. The company was founded in 2005 and is headquartered in Jeju-si, South Korea. Jeju Air Co., Ltd. is a subsidiary of AK Holdings, Inc.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jeju Air Co Ltd reported revenue of 1.6T KRW in FY2025 versus 273B KRW in FY2021, a compound +55.1%/yr. Reported net income was −116B KRW in FY2025.

Growth Quality 30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.6T KRW
Latest YoY
−18.4%
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.
+31.0%
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.
+33.2%
Avg. growth/yr (16Y) 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.
+19.8%
Revenue +55.1%/yr
FY21 273B KRW
FY22 703B KRW
FY23 1.7T KRW
FY24 1.9T KRW
FY25 1.6T KRW
Net income
FY21 −272B KRW
FY22 −174B KRW
FY23 134B KRW
FY24 21.7B KRW
FY25 −116B KRW

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Cite: Fair Value Calculator (2026). "Jeju Air Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/089590

Peer Group

Airlines · 59 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 23 · Bottom 25%
Fair Value upside +49% · Top 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 34% · Top 25%
Dividend yield (TTM) 0.7% · Bottom 25%
Debt / equity 0.55× · Lower than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE99 · sector 53
FUTURE100 · sector 46
PAST0 · sector 48
HEALTH73 · sector 70
DIVIDEND15 · sector 47

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 Airlines stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Delta Air Lines, Inc DAL $89.93 $115.82 +29%
United Airlines Holdings UAL $125.12 $175.62 +40%
Ryanair Holdings RYA €25.47 €41.26 +62%
Southwest Airlines Co LUV $44.98 $14.76 -67%
InterGlobe Aviation Limited INDIGO ₹5,333 ₹3,073 -42%
Singapore Airlines Limited C6L 7.09 SGD 7.89 SGD +11%
Air China Limited 601111 ¥5.94 ¥7.16 +21%
China Southern Airlines Company 600029 ¥5.07 ¥1.28 -75%
China Eastern Airlines Corporation 600115 ¥3.57 ¥14.20 +298%
Cathay Pacific Airways Limited 0293 HK$14.80 HK$31.02 +110%

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Frequently asked questions

Is Jeju Air Co Ltd (089590) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 6,043 KRW versus a price of 4,170 KRW, about +45% (undervalued).
What is the fair value of 089590?
Our model-based fair value for Jeju Air Co Ltd is 6,043 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 4,170 KRW.
What is the quality score of 089590?
Jeju Air Co Ltd has a Quality Score of 25/100. 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 Jeju Air Co Ltd (089590)?
Jeju Air Co Ltd reported trailing-twelve-month revenue of about 1.7T KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 089590?
The net profit margin of Jeju Air Co Ltd is about -3.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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