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Sang-A Frontec Co (089980) Fair Value & Analysis

Technology · KR · Market cap 214B KRW

SA Sang-A Frontec Co 089980 · KQ
Price14,460 KRW
Fair Value7,343 KRW
Upside-49.2%
Quality45/100
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Expensive Growth
Thin margins · 3.5% net margin
Low debt · negative free cash flow
1.46% dividend yield
Trails peers (3/9)
Narrow moat 27/100
Evidence: Medium Range 5,754 KRW – 9,179 KRW Share as image

Fair value as of: Jul 20, 2026

From 13 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 7,366 KRW to 7,343 KRW (−0.3%) since Jul 6, 2026. Share price −0.8% over the past month.

Below-average quality, and screening another 49% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (9,179 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

73,339 KRW 11,500 KRW Fair Value 7,343 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 11,500 KRW – 73,339 KRW · fair‑value band 5,754 KRW – 9,179 KRW · the 14,460 KRW price screens above the 7,343 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

Sang-A Frontec Co (089980) currently trades at 14,460 KRW, while our model-based Fair Value estimate is 7,343 KRW, implying the stock looks roughly 49.2% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Technology 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: medium).

Over the trailing twelve months, Sang-A Frontec Co generated revenue of 204B KRW at a net margin of 3.5%. Revenue grew 19.2% year over year. It earns a return on equity of 3.6%. Net debt stands at 119B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 5,754 KRW (bear case) to 9,179 KRW (bull case); at 14,460 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 52% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -49%, 089980 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
Residual Income 9,653 KRW 9,482 KRW 8,343 KRW 76
ROIC Compounder 3,721 KRW 4,317 KRW 4,848 KRW 72
Growth-Adj P/E 4,840 KRW 6,914 KRW 8,988 KRW 68
All 13 models by family
Earnings-Based
Graham-Dodd 2,937 KRW 6,513 KRW 8,313 KRW 54
PEG = 1.0 1,046 KRW 1,495 KRW 1,943 KRW 46
EPV 3,721 KRW 4,317 KRW 4,848 KRW 59
Multiples
P/E Multiple 6,479 KRW 8,639 KRW 10,799 KRW 63
P/S Multiple 5,507 KRW 7,343 KRW 9,179 KRW 58
P/B Multiple 5,507 KRW 7,343 KRW 9,179 KRW 55
EV/EBIT 6,135 KRW 8,066 KRW 9,998 KRW 53
EV/EBITDA 13,684 KRW 18,132 KRW 22,580 KRW 54
EV/Revenue 4,246 KRW 5,920 KRW 7,594 KRW 43
Asset-Based
NCAV (Graham) 6,500 KRW 8,711 KRW 13,001 KRW 50
Economic Profit
Residual Income 9,653 KRW 9,482 KRW 8,343 KRW 76
ROIC Compounder 3,721 KRW 4,317 KRW 4,848 KRW 72
Growth Earnings
Growth-Adj P/E 4,840 KRW 6,914 KRW 8,988 KRW 68

Widest divergence: Asset-Based (8,711 KRW) versus Earnings-Based (4,317 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 204B KRW
Revenue growth (YoY) +19.2%
Net margin 3.5%
Return on equity 3.6%
Free cash flow −21.6B KRW FY2025
Operating margin 2.4%
More key figures
Dividend yield 1.5%
EPS growth (YoY) +171%
Net debt 119B KRW FY2025

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 43 · Market factors (momentum, volatility) 17

Profitability 25
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 11
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

Sang-A Frontec Co.,Ltd. engages in the research and development, production, and sale of materials/parts based on engineering plastics in South Korea and internationally.

Full company description

Sang-A Frontec Co.,Ltd. engages in the research and development, production, and sale of materials/parts based on engineering plastics in South Korea and internationally. The company offers fuel cells; membranes, including vent filters and ePTFE for textiles, as well as membranes for medical use; semiconductor products, such as jar boxes, solar cassettes, FOUP products, wafer carriers, storage boxes, PFA/FEP tubes, and mold release films; medium and large, cylindrical, and small type batteries; and display products comprising cell cassettes, ACF bonding sheets, support bars, and FPD cassettes. It also provides automotive products consisting of air vents, and PTFE tubes and rings; OA products that include wireless charging kits, laser printer/MFP/copy machines, metal sleeves, fuser films, fuser and transfer belts, and guide claws; SG and LX sheet, and backup board PCBs; and medical devices, such as safety filter syringes, epidural needle kits, Green Medi green VACs, and filter needle syringes. The company was founded in 1974 and is headquartered in Incheon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sang-A Frontec Co reported revenue of 196B KRW in FY2025 versus 178B KRW in FY2021, a compound +2.4%/yr. Reported net income was 6.8B KRW in FY2025, compounding −7.7%/yr from FY2021.

Growth Quality 37/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
196B KRW
Latest YoY
+14.1%
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.
+2.7%
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.
+5.0%
Avg. growth/yr (14Y) 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.
+4.5%
Revenue +2.4%/yr
FY21 178B KRW
FY22 181B KRW
FY23 184B KRW
FY24 172B KRW
FY25 196B KRW
Net income −7.7%/yr
FY21 9.3B KRW
FY22 7.4B KRW
FY23 12.0B KRW
FY24 6.2B KRW
FY25 6.8B KRW

089980 screens 49% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Sang-A Frontec Co Fair Value". https://www.fairvalue-calculator.com/stock/089980

Peer Group

Electronic Components · 625 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 45 · Below median
Fair Value upside −49% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 19% · Above median
Dividend yield (TTM) 1.5% · Above median
Debt / equity 0.05× · 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.

VALUE 0 · sector 0
FUTURE 96 · sector 32
PAST 14 · sector 24
HEALTH 98 · sector 95
DIVIDEND 29 · sector 25

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.

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Sang-A Frontec Co (089980) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 7,343 KRW versus a price of 14,460 KRW, about −49% (overvalued).
What is the fair value of 089980?
Our model-based fair value for Sang-A Frontec Co is 7,343 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 14,460 KRW.
What is the quality score of 089980?
Sang-A Frontec Co has a Quality Score of 45/100. 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 Sang-A Frontec Co (089980)?
Sang-A Frontec Co reported trailing-twelve-month revenue of about 204B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 089980?
The net profit margin of Sang-A Frontec Co is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. Based on the latest reported figures.
Does Sang-A Frontec Co pay a dividend?
Sang-A Frontec Co currently shows a dividend yield of about 1.12% 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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