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KWANGJIN WINTEC CO. Ltd (090150) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 21.0B KRW

KW KWANGJIN WINTEC CO. Ltd 090150 · KQ
Price6,760 KRW
Fair Value3,771 KRW
Upside-44.2%
Quality55/100
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Mixed Growth
Loss over the last twelve months · -1.3% net margin · fiscal year 2025 7.5%
Low debt · generates free cash flow
Mixed vs. peers (4/8)
Narrow moat 25/100
Evidence: High Range 2,791 KRW – 6,511 KRW Share as image

Fair value as of: Aug 19, 2026

From 22 valuation models · updated today

Fair value updated Aug 19, 2026, revised from 2,458 KRW to 3,771 KRW (+53.4%) since Aug 13, 2026. Share price +31.3% over the past month.

A solid business, but screening 44% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (6,511 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (2,791 KRW to 6,511 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

61,057 KRW 4,780 KRW Fair Value 3,771 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 4,780 KRW – 61,057 KRW · fair‑value band 2,791 KRW – 6,511 KRW · the 6,760 KRW price screens above the 3,771 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

KWANGJIN WINTEC CO. Ltd (090150) currently trades at 6,760 KRW, while our model-based Fair Value estimate is 3,771 KRW, implying the stock looks roughly 44.2% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical 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, KWANGJIN WINTEC CO. Ltd generated revenue of 94.5B KRW at a net margin of -1.3%. Revenue grew 12.1% year over year. Net debt stands at 45.3B KRW. Fundamentals as of Aug 19, 2026

Our scenario range runs from 2,791 KRW (bear case) to 6,511 KRW (bull case); at 6,760 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. For context, the median of 10 Consumer Cyclical peers we cover trades at 42% fair-value upside, at -44%, 090150 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 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 9,406 KRW 12,654 KRW 17,311 KRW 80
Residual Income 6,226 KRW 8,206 KRW 29,283 KRW 76
Rev-Margin DCF 7,484 KRW 10,659 KRW 14,146 KRW 74
All 22 models by family
DCF Models
FCF DCF 9,107 KRW 12,514 KRW 17,637 KRW 38
Owner Earnings 11,161 KRW 15,380 KRW 21,725 KRW 31
5Y Revenue Exit 7,484 KRW 10,520 KRW 14,352 KRW 39
5Y EBITDA Exit 8,662 KRW 12,566 KRW 17,040 KRW 41
5Y P/E Exit 12,287 KRW 18,863 KRW 25,614 KRW 38
10Y Revenue Exit 7,844 KRW 10,628 KRW 13,886 KRW 36
10Y EBITDA Exit 8,755 KRW 11,994 KRW 15,775 KRW 37
10Y P/E Exit 11,000 KRW 16,198 KRW 21,800 KRW 35
Earnings-Based
Graham-Dodd 6,482 KRW 12,936 KRW 16,245 KRW 54
EPV 6,603 KRW 7,622 KRW 8,514 KRW 59
Multiples
P/E Multiple 15,727 KRW 20,970 KRW 26,212 KRW 63
P/S Multiple 11,515 KRW 15,353 KRW 19,191 KRW 58
P/B Multiple 12,153 KRW 16,204 KRW 20,255 KRW 55
EV/EBIT 10,120 KRW 13,331 KRW 16,542 KRW 53
EV/EBITDA 9,595 KRW 12,630 KRW 15,666 KRW 54
EV/Revenue 6,980 KRW 9,763 KRW 12,546 KRW 43
Asset-Based
NCAV (Graham) 2,548 KRW 3,414 KRW 5,096 KRW 50
Growth DCF
Growth DCF 9,406 KRW 12,654 KRW 17,311 KRW 80
Rev-Margin DCF 7,484 KRW 10,659 KRW 14,146 KRW 74
Economic Profit
Residual Income 6,226 KRW 8,206 KRW 29,283 KRW 76
ROIC Compounder 6,737 KRW 8,062 KRW 9,474 KRW 72
Growth Earnings
Growth-Adj P/E 11,366 KRW 16,238 KRW 21,109 KRW 68

Widest divergence: Growth Earnings (16,238 KRW) versus Asset-Based (3,414 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 94.5B KRW
Revenue growth (YoY) +12.1%
Net margin -1.3%
Return on equity -999%
Free cash flow 7.5B KRW FY2025
Operating margin 1.0%
More key figures
EPS growth (YoY) -82.0%
Net debt 45.3B KRW FY2025

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 53 · Market factors (momentum, volatility) 28

Profitability 52
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 22
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 80
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

iWIN CO.,LTD engages in the manufacturing and selling of automobile seat heaters in South Korea, rest of Asia, the United States, and Europe. It offers heating handles and ventilation seats, as well as seat heater parts. The company was formerly known as Kwangjin Wintec Co., Ltd. and changed its name to iWIN CO.,LTD in January 2022.

Full company description

iWIN CO.,LTD engages in the manufacturing and selling of automobile seat heaters in South Korea, rest of Asia, the United States, and Europe. It offers heating handles and ventilation seats, as well as seat heater parts. The company was formerly known as Kwangjin Wintec Co., Ltd. and changed its name to iWIN CO.,LTD in January 2022. iWIN CO.,LTD was founded in 1999 and is headquartered in Busan, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KWANGJIN WINTEC CO. Ltd reported revenue of 116B KRW in FY2025 versus 90.6B KRW in FY2021, a compound +6.3%/yr. Reported net income was 8.6B KRW in FY2025, compounding +43.9%/yr from FY2021.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
116B KRW
Latest YoY
−2.9%
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.
+7.1%
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.
+6.4%
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.
+2.3%
Revenue +6.3%/yr
FY21 90.6B KRW
FY22 94.4B KRW
FY23 108B KRW
FY24 119B KRW
FY25 116B KRW
Net income +43.9%/yr
FY21 2.0B KRW
FY22 −3.8B KRW
FY23 −35.5B KRW
FY24 −3.9B KRW
FY25 8.6B KRW

090150 screens 44% overvalued. Compare with GTPPB →

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Cite: Fair Value Calculator (2026). "KWANGJIN WINTEC CO. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/090150

Peer Group

Consumer Discretionary · 3636 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Automobiles & Auto Parts” was too small, so the broader sector is used.)

Quality Score 55 · Above median
Fair Value upside −44% · Below median
Return on assets 0% · Below median
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth 12% · Above median
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Consumer Discretionary 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 23
FUTURE61 · sector 14
PAST0 · sector 21
HEALTH96 · sector 96
DIVIDEND0 · sector 45

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.

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Frequently asked questions

Is KWANGJIN WINTEC CO. Ltd (090150) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 3,771 KRW versus a price of 6,760 KRW, about −44% (overvalued).
What is the fair value of 090150?
Our model-based fair value for KWANGJIN WINTEC CO. Ltd is 3,771 KRW (as of Aug 19, 2026), built from audited fundamentals. The current price: 6,760 KRW.
What is the quality score of 090150?
KWANGJIN WINTEC CO. Ltd has a Quality Score of 55/100. 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 KWANGJIN WINTEC CO. Ltd (090150)?
KWANGJIN WINTEC CO. Ltd reported trailing-twelve-month revenue of about 94.5B KRW (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 090150?
The net profit margin of KWANGJIN WINTEC CO. Ltd is about -1.3%, 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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