KWANGJIN WINTEC CO. Ltd (090150) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of KWANGJIN WINTEC CO. Ltd KRW 4,464, price KRW 6,020, upside -25.9%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range 4,780 KRW – 61,057 KRW · fair‑value band 3,328 KRW – 5,887 KRW · the 6,020 KRW price screens above the 4,464 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
Follow KWANGJIN WINTEC CO. in your weekly email
Every Wednesday you see whether KWANGJIN WINTEC CO. is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Show more
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.
Stock analysis
KWANGJIN WINTEC CO. Ltd (090150) currently trades at 6,020 KRW, while our model-based Fair Value estimate is 4,464 KRW, 25.9% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 16,238 KRW per share, and 21 of the 22 models we run sit above the 6,020 KRW price.
Bear case: the Asset-Based group reads lowest at 3,414 KRW, and 1 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 3,328 KRW (bear) to 5,887 KRW (bull), the price of 6,020 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 57/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap 23.9B KRW (≈ $17.8M) · P/S ratio 0.25 · Net margin 7.5% · Return on equity −999% · Return on assets (EBIT) 3.7% · Operating margin 1.0% · Revenue (TTM) 94.5B KRW · Revenue growth (YoY) +12.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 59% fair-value upside, at −26%, 090150 screens richer than that median.
Fair Value models
Bear 3,328 KRWFair Value 4,464 KRWBull 5,887 KRW
Price 6,020 KRW · Upside -25.9%
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.9%
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.
+7.1%
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.
+6.4%
Start year 2020 (pandemic). Over 10 years: +1.8% a year
Revenue growth 14 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.
+2.3%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+23.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.6%
Dividend (yield on the price)0.0%
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.23.6% vs 9.2%, picking up
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.4% → 6%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 5.1%/yr over ~7Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+26.0%
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 +23.4% a year for the price.
Compare KWANGJIN WINTEC CO. Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Automobiles & Auto Parts · 17 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−25.8% · Bottom 25%
Profitability
Return on assets0.4% · Below median
Net margin (TTM)−1.3% · Bottom 25%
Operating margin (TTM)1.0% · Below median
Growth and dividend
Revenue growth12.1% · Below median
Balance sheet
Debt / equity0.08× · Below median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 47
FUTURE (revenue growth)61· sector 100
PAST (return on equity)0· sector 0
HEALTH (low debt)96· sector 87
DIVIDEND (yield)0· sector 59
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 KWANGJIN WINTEC CO. Ltd (090150) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 4,464 KRW versus a price of 6,020 KRW, about −26% upside (overvalued).
What is the fair value of 090150?
Our model-based fair value for KWANGJIN WINTEC CO. Ltd is 4,464 KRW (as of Oct 3, 2026), built from audited fundamentals. The current price: 6,020 KRW.
What is the quality score of 090150?
KWANGJIN WINTEC CO. Ltd 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 price target for KWANGJIN WINTEC CO. Ltd (090150)?
Our model-based price target is the fair value of 4,464 KRW (as of Oct 3, 2026) from 22 valuation models. Cautious scenario 3,328 KRW, optimistic scenario 5,887 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the KWANGJIN WINTEC CO. Ltd stock forecast for 2026?
Our models put fair value at 4,464 KRW, about −26% upside versus a price of 6,020 KRW (overvalued). Cautious scenario 3,328 KRW, optimistic scenario 5,887 KRW. The calculation is refreshed regularly with new filings.
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 Oct 3, 2026).
What growth is priced into KWANGJIN WINTEC CO. Ltd (090150)?
For today's price to be fair in a discounted-cash-flow model, KWANGJIN WINTEC CO. Ltd would have to grow free cash flow by +26.0 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.4 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of 090150 use?
Our models discount KWANGJIN WINTEC CO. Ltd at 11.2 %: a base by market capitalisation (nano), damped by beta 1.43, 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 KWANGJIN WINTEC CO. Ltd that is +26.0 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has KWANGJIN WINTEC CO. Ltd (090150) delivered so far?
Over the past 5 years revenue at KWANGJIN WINTEC CO. Ltd grew +6.4 % a year. The price currently implies +26.0 % 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 KWANGJIN WINTEC CO. Ltd (090150) growing?
The median revenue growth in the sector is +4.2 % a year. That is the yardstick for the growth priced into KWANGJIN WINTEC CO. Ltd (+26.0 % 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 KWANGJIN WINTEC CO. Ltd (090150)?
The free-cash-flow yield on the price is 3.15 %: that much free cash flow KWANGJIN WINTEC CO. Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of KWANGJIN WINTEC CO. Ltd (090150)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KWANGJIN WINTEC CO. Ltd it is 4,464 KRW per share (as of Oct 3, 2026), against a price of 6,020 KRW. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is KWANGJIN WINTEC CO. Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 090150 trades above its calculated fair value: price 6,020 KRW, fair value 4,464 KRW, a gap of about −26% (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 090150?
No. The price is what the market pays today (6,020 KRW); the fair value is what the company's own numbers justify (4,464 KRW). For KWANGJIN WINTEC CO. Ltd the two are 1,556 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is KWANGJIN WINTEC CO. Ltd worth?
The market values KWANGJIN WINTEC CO. Ltd at about 23.9B KRW (market capitalisation, as of Oct 3, 2026). Per share that is 6,020 KRW; our models calculate a fair value of 4,464 KRW per share.
What do the bullish and bearish scenarios say about 090150?
Our models span a range for KWANGJIN WINTEC CO. Ltd: cautious scenario 3,328 KRW, base 4,464 KRW, optimistic 5,887 KRW per share (as of Oct 3, 2026, price 6,020 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of KWANGJIN WINTEC CO. Ltd (090150)?
Balance-sheet figures for KWANGJIN WINTEC CO. Ltd (as of Oct 3, 2026): debt of 0.08 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 090150 from its 52-week high?
KWANGJIN WINTEC CO. Ltd trades at 6,020 KRW, about 41% below its 52-week high of 10,290 KRW and 26% above the low of 4,780 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 4,464 KRW is for.
Which stocks are comparable to KWANGJIN WINTEC CO. Ltd?
From the same area (Consumer Cyclical) we also value GTPPB, GTCAP, Hwashin Precision Engineering Co, Ecoplastic Corporation, 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 KWANGJIN WINTEC CO. Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price 6,020 KRW, calculated fair value 4,464 KRW (−26%), Quality Score 57/100, from 22 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 090150 calculated?
We run KWANGJIN WINTEC CO. Ltd through 22 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 4,464 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 14.9 % above its aggregate fair value. KWANGJIN WINTEC CO. Ltd 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 KWANGJIN WINTEC CO. Ltd (090150)?
The closing price on Oct 2, 2026 was 6,020 KRW. Our model-based fair value is 4,464 KRW, about −26% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KWANGJIN WINTEC CO. Ltd right now?
The price sits above even our optimistic bull case (5,887 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of KWANGJIN WINTEC CO. Ltd
How large is the market capitalisation of KWANGJIN WINTEC CO. Ltd (090150)?
The market capitalisation of KWANGJIN WINTEC CO. Ltd is 23.9B KRW (≈ $17.8M). 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 P/S ratio of KWANGJIN WINTEC CO. Ltd (090150)?
The price-to-sales ratio of KWANGJIN WINTEC CO. Ltd is 0.25 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of KWANGJIN WINTEC CO. Ltd (090150)?
The net margin of KWANGJIN WINTEC CO. Ltd is 7.5% (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 return on equity of KWANGJIN WINTEC CO. Ltd (090150)?
The return on equity (ROE) of KWANGJIN WINTEC CO. Ltd is −999% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of KWANGJIN WINTEC CO. Ltd (090150)?
On an EBIT basis the return on assets of KWANGJIN WINTEC CO. Ltd is 3.7% (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.
What is the operating margin of KWANGJIN WINTEC CO. Ltd (090150)?
The operating margin of KWANGJIN WINTEC CO. Ltd is 1.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KWANGJIN WINTEC CO. Ltd (090150)?
Revenue at KWANGJIN WINTEC CO. Ltd is growing +12.1% versus a year earlier (3y avg +7.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at KWANGJIN WINTEC CO. Ltd (090150)?
Earnings per share at KWANGJIN WINTEC CO. Ltd are growing −82.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does KWANGJIN WINTEC CO. Ltd (090150) carry?
The net debt of KWANGJIN WINTEC CO. Ltd is 45.3B KRW (fiscal year 2025, ≈ 6.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch KWANGJIN WINTEC CO. Ltd in the live analysis
One click puts KWANGJIN WINTEC CO. Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
