Satrec Initiative Co (099320) Fair Value & Analysis
Industrials · KR · Market cap 882B KRW
Fair value as of: Jul 22, 2026
From 14 valuation models · updated 18 days ago
Fair value updated Jul 22, 2026, revised from 35,761 KRW to 23,735 KRW (−33.6%) since Jul 6, 2026. Share price −0.4% over the past month.
Below-average quality, and screening another 68% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (29,668 KRW). The favourable scenario is already priced in.
- Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.
How to read this chart
60‑month range 22,083 KRW – 214,000 KRW · fair‑value band 18,787 KRW – 29,668 KRW · the 74,800 KRW price screens above the 23,735 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Satrec Initiative Co (099320) currently trades at 74,800 KRW, while our model-based Fair Value estimate is 23,735 KRW, implying the stock looks roughly 68.3% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Industrials 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, Satrec Initiative Co generated revenue of 78.9B KRW at a net margin of 31.2%. Revenue grew 31.1% year over year. Fundamentals as of Jul 22, 2026
Our scenario range runs from 18,787 KRW (bear case) to 29,668 KRW (bull case); at 74,800 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 67% below its 52-week high and 70% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -68%, 099320 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.
All 14 models by family
Widest divergence: Growth Earnings (42,845 KRW) versus Asset-Based (15,232 KRW). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 34
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
Satrec Initiative Co., Ltd., together with its subsidiaries, provides solutions for earth observation missions worldwide.
Full company description
Satrec Initiative Co., Ltd., together with its subsidiaries, provides solutions for earth observation missions worldwide. It offers satellite systems, such as space components comprising trackers, transceivers, transmitters, steerable antennas, command and data handling units, recorders, electrical propulsion components, and sun sensors; electro-optical payloads; and ground systems, including mission control systems, and image receiving and processing systems. The company also provides defense products, such as mobile ground receiving processing systems, mobile satellite ground stations, secure satellite imaging platforms, UAV ground and operation control systems, and UAV payload control software solutions. In addition, it offers services, such as training courses for satellite systems, on-the-job training, launch and early operation, and in-orbit commissioning. The company was founded in 1999 and is based in Daejeon, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Satrec Initiative Co reported revenue of 207B KRW in FY2025 versus 73.4B KRW in FY2021, a compound +29.6%/yr. Reported net income was 15.3B KRW in FY2025.
099320 screens 68% overvalued. Compare with General Electric Company →
Peer Group
Industrials · 5353 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 “Aerospace & Defense” was too small, so the broader sector is used.)
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| General Electric Company GE | $381.22 | $116.71 | -69% |
| RTX Corporation RTX | $195.93 | $88.37 | -55% |
| Airbus SE 1AIR | €213.25 | €86.20 | -60% |
| The Boeing Company BA | $217.11 | $48.20 | -78% |
| China CSSC Holdings 600150 | ¥34.31 | ¥21.90 | -36% |
| HD Hyundai Heavy Industries Co 329180 | 466,000 KRW | 272,966 KRW | -41% |
| Hanwha Aerospace Co 012450 | 967,000 KRW | 573,468 KRW | -41% |
| ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS | 337.50 TRY | 130.70 TRY | -61% |
| Saab AB SAABB | kr 520.40 | kr 212.84 | -59% |
| Kongsberg Gruppen ASA KOG | kr 277.50 | kr 106.93 | -61% |
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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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