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Iljin Electric Co (103590) Fair Value & Analysis

Industrials · KR · Market cap 3.2T KRW

IE Iljin Electric Co 103590 · KO
Price58,300 KRW
Fair Value44,096 KRW
Upside-24.4%
Quality54/100
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Healthy Growth
Thin margins · 5.6% net margin
Low debt · generates free cash flow
0.82% dividend yield
Ranks above peers (8/10)
Moderate moat 55/100
Evidence: High Range 24,479 KRW – 57,199 KRW Share as image

Fair value as of: Jul 24, 2026

From 26 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 44,329 KRW to 44,096 KRW (−0.5%) since Jul 7, 2026. Share price −7.2% over the past month.

A solid business, but screening 24% overvalued on our models.

What matters now

  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (24,479 KRW to 57,199 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

144,100 KRW 3,077 KRW Fair Value 44,096 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 3,077 KRW – 144,100 KRW · fair‑value band 24,479 KRW – 57,199 KRW · the 58,300 KRW price screens above the 44,096 KRW fair value. Dashed = 300-day average. As of Jul 24, 2026.

Full chart & analysis →

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Analysis

Iljin Electric Co (103590) currently trades at 58,300 KRW, while our model-based Fair Value estimate is 44,096 KRW, implying the stock looks roughly 24.4% overvalued today. The Quality Score stands at 54/100 (solid 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: high).

Over the trailing twelve months, Iljin Electric Co generated revenue of 2.1T KRW at a net margin of 5.6%. Revenue grew 10.6% year over year. It earns a return on equity of 21.0%. Net debt stands at 1.9B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 24,479 KRW (bear case) to 57,199 KRW (bull case); at 58,300 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 61% below its 52-week high and 89% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -24%, 103590 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 BearBaseBull Evidence
Highest evidence
Growth DCF 19,662 KRW 33,803 KRW 59,529 KRW 80
Residual Income 15,253 KRW 21,339 KRW 102,728 KRW 76
Rev-Margin DCF 27,809 KRW 49,545 KRW 77,839 KRW 74
All 26 models by family
DCF Models
FCF DCF 19,772 KRW 35,030 KRW 63,131 KRW 38
Owner Earnings 29,665 KRW 53,666 KRW 97,869 KRW 31
5Y Revenue Exit 27,809 KRW 50,451 KRW 81,892 KRW 39
5Y EBITDA Exit 30,079 KRW 55,169 KRW 87,201 KRW 41
5Y P/E Exit 29,923 KRW 54,846 KRW 83,809 KRW 38
10Y Revenue Exit 24,085 KRW 45,172 KRW 78,798 KRW 36
10Y EBITDA Exit 26,678 KRW 48,727 KRW 83,383 KRW 37
10Y P/E Exit 26,572 KRW 48,483 KRW 80,454 KRW 35
Earnings-Based
Graham-Dodd 14,817 KRW 70,693 KRW 97,276 KRW 54
Lynch FV 18,822 KRW 26,889 KRW 34,956 KRW 50
PEG = 1.0 18,822 KRW 26,889 KRW 34,956 KRW 46
EPV 31,164 KRW 36,221 KRW 40,716 KRW 59
Dividend Discount
Gordon GGM 747.95 KRW 1,633 KRW 2,747 KRW 70
DDM Multi-Stage 747.95 KRW 1,338 KRW 1,702 KRW 61
Multiples
P/E Multiple 34,319 KRW 45,759 KRW 57,199 KRW 63
P/S Multiple 27,782 KRW 37,043 KRW 46,304 KRW 58
P/B Multiple 27,782 KRW 37,043 KRW 46,304 KRW 55
EV/EBIT 43,104 KRW 56,636 KRW 70,168 KRW 53
EV/EBITDA 37,068 KRW 48,588 KRW 60,108 KRW 54
EV/Revenue 31,482 KRW 43,900 KRW 56,317 KRW 43
Asset-Based
NCAV (Graham) 6,174 KRW 8,272 KRW 12,347 KRW 50
Growth DCF
Growth DCF 19,662 KRW 33,803 KRW 59,529 KRW 80
Rev-Margin DCF 27,809 KRW 49,545 KRW 77,839 KRW 74
Economic Profit
Residual Income 15,253 KRW 21,339 KRW 102,728 KRW 76
ROIC Compounder 35,150 KRW 46,382 KRW 60,749 KRW 72
Growth Earnings
Growth-Adj P/E 29,527 KRW 42,181 KRW 54,836 KRW 68

Widest divergence: DCF Models (48,727 KRW) versus Dividend Discount (1,338 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.1T KRW
Revenue growth (YoY) +10.6%
Net margin 5.6%
Return on equity 21.0%
Free cash flow 59.7B KRW FY2025
Operating margin 10.0%
More key figures
Dividend yield 0.6%
EPS growth (YoY) +56.7%
Net debt 1.9B KRW FY2024

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 36

Profitability 56
Margins and returns on capital today
Quality Growth 81
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 7
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 40
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

Iljin Electric Co.,Ltd engages in the production of transmission and distribution of power equipment. It offers transformers, high voltage GIS, medium voltage GIS, and isolated pulse busducts; switches, recloser, and cubicle type GIS; transmission line and rail-way fittings; and digital protection relay, intelligent ELCB, and digital electric power meters.

Full company description

Iljin Electric Co.,Ltd engages in the production of transmission and distribution of power equipment. It offers transformers, high voltage GIS, medium voltage GIS, and isolated pulse busducts; switches, recloser, and cubicle type GIS; transmission line and rail-way fittings; and digital protection relay, intelligent ELCB, and digital electric power meters. The company also provides conductors, conductor screens, insulation, insulation screens, metal sheath, and outer sheath; outdoor termination, gas immersed termination, oil immersed termination, pre moulded and fabricated joints; power and control cables, and instrument cables; insulated wires; and overhead transmission lines. In addition, it offers SCR and aluminum rods; and energy solutions. The company was founded in 1968 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Iljin Electric Co reported revenue of 2.0T KRW in FY2025 versus 932B KRW in FY2021, a compound +21.7%/yr. Reported net income was 104B KRW in FY2025, compounding +62.4%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.0T KRW
Latest YoY
+29.6%
Avg. growth/yr (3Y)
+20.6%
Avg. growth/yr (5Y)
+23.6%
Avg. growth/yr (14Y)
+5.1%
Revenue +21.7%/yr
FY21 932B KRW
FY22 1.2T KRW
FY23 1.2T KRW
FY24 1.6T KRW
FY25 2.0T KRW
Net income +62.4%/yr
FY21 14.9B KRW
FY22 24.2B KRW
FY23 34.5B KRW
FY24 46.2B KRW
FY25 104B KRW

103590 screens 24% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Iljin Electric Co Fair Value". https://www.fairvalue-calculator.com/stock/103590

Peer Group

Electrical Equipment & Parts · 528 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 54 · Above median
Fair Value upside −24% · Above median
Return on equity (TTM) 21% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 11% · Below median
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts 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.

VALUE 1 · sector 0
FUTURE 53 · sector 57
PAST 84 · sector 26
HEALTH 98 · sector 97
DIVIDEND 16 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Iljin Electric Co (103590) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 44,096 KRW versus a price of 58,300 KRW, about −24% (overvalued).
What is the fair value of 103590?
Our model-based fair value for Iljin Electric Co is 44,096 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 58,300 KRW.
What is the quality score of 103590?
Iljin Electric Co has a Quality Score of 54/100. 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 Iljin Electric Co (103590)?
Iljin Electric Co reported trailing-twelve-month revenue of about 2.1T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 103590?
The net profit margin of Iljin Electric Co is about 5.6%, meaning it keeps roughly 5.6% of revenue as net income. Based on the latest reported figures.
Does Iljin Electric Co pay a dividend?
Iljin Electric Co currently shows a dividend yield of about 0.61% relative to its recent price (as of Jul 24, 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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