Iljin Electric Co (103590) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Iljin Electric Co KRW 42,181, price KRW 81,700, upside -48.4%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
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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.
Stock analysis
Iljin Electric Co (103590) currently trades at 81,700 KRW, while our model-based Fair Value estimate is 42,181 KRW, implying the stock looks roughly 93.7% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 49,552 KRW per share, and 0 of the 26 models we run sit above the 81,700 KRW price.
Bear case: the Asset-Based group reads lowest at 8,272 KRW, and 26 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: 23,951 KRW (bear) to 57,199 KRW (bull), the price of 81,700 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 54/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap 3.9T KRW (≈ $2.7B) · P/S ratio 1.86 · Dividend yield 0.6% · Net margin 5.1% · Return on equity 21.0% · Return on assets (EBIT) 5.8% · Operating margin 10.0% · Revenue (TTM) 2.1T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 143% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −48%, 103590 screens richer than that median.
Fair Value models
Bear 23,951 KRWFair Value 42,181 KRWBull 57,199 KRW
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.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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+29.6%
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.
+20.6%
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.
+23.6%
Start year 2020 (pandemic). Over 10 years: +11.1% 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.
+5.1%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+57.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+57.3%
Dividend (yield on the price)0.6%
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.2% → 7%
2025 sits 147% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+34.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +31.6% a year for the price and +6.7% for the forecasts.
Price, fair value, quality and upside side by side.
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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.Electrical Equipment & Parts · 550 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−48% · Below median
Profitability
Return on equity (TTM)21% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)6% · Above median
Operating margin (TTM)10% · Above median
Growth and dividend
Revenue growth11% · Below median
Dividend yield (TTM)0.6% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/FCF0.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)53· sector 58
PAST (return on equity)84· sector 26
HEALTH (low debt)98· sector 97
DIVIDEND (yield)12· sector 22
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.
Cite: Fair Value Calculator (2026). "Iljin Electric Co Fair Value". https://www.fairvalue-calculator.com/stock/103590
Frequently asked questions
Is Iljin Electric Co (103590) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 42,181 KRW versus a price of 81,700 KRW, about −48% upside (overvalued).
What is the fair value of 103590?
Our model-based fair value for Iljin Electric Co is 42,181 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 81,700 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 price target for Iljin Electric Co (103590)?
Our model-based price target is the fair value of 42,181 KRW (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 23,951 KRW, optimistic scenario 57,199 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Iljin Electric Co stock forecast for 2026?
Our models put fair value at 42,181 KRW, about −48% upside versus a price of 81,700 KRW (overvalued). Cautious scenario 23,951 KRW, optimistic scenario 57,199 KRW. The calculation is refreshed regularly with new filings.
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 Sep 24, 2026).
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 Sep 24, 2026).
What growth is priced into Iljin Electric Co (103590)?
For today's price to be fair in a discounted-cash-flow model, Iljin Electric Co would have to grow free cash flow by +34.4 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +23.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 103590 use?
Our models discount Iljin Electric Co at 10.5 %: a base by market capitalisation (mega), damped by beta 1.58, 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 Iljin Electric Co that is +34.4 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Iljin Electric Co (103590) delivered so far?
Over the past 5 years revenue at Iljin Electric Co grew +23.6 % a year. The price currently implies +34.4 % 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 Iljin Electric Co (103590) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Iljin Electric Co (+34.4 % 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 Iljin Electric Co (103590)?
The free-cash-flow yield on the price is 1.53 %: that much free cash flow Iljin Electric Co produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Iljin Electric Co (103590)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Iljin Electric Co it is 42,181 KRW per share (as of Sep 24, 2026), against a price of 81,700 KRW. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Iljin Electric Co stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 103590 trades above its calculated fair value: price 81,700 KRW, fair value 42,181 KRW, a gap of about −48% (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 103590?
No. The price is what the market pays today (81,700 KRW); the fair value is what the company's own numbers justify (42,181 KRW). For Iljin Electric Co the two are 39,519 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Iljin Electric Co worth?
The market values Iljin Electric Co at about 3.9T KRW (market capitalisation, as of Sep 24, 2026). Per share that is 81,700 KRW; our models calculate a fair value of 42,181 KRW per share.
What do the bullish and bearish scenarios say about 103590?
Our models span a range for Iljin Electric Co: cautious scenario 23,951 KRW, base 42,181 KRW, optimistic 57,199 KRW per share (as of Sep 24, 2026, price 81,700 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Iljin Electric Co (103590)?
Balance-sheet figures for Iljin Electric Co (as of Sep 24, 2026): return on equity 21.0%, debt of 0.03 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 103590 from its 52-week high?
Iljin Electric Co trades at 81,700 KRW, about 43% below its 52-week high of 144,100 KRW and 143% above the low of 33,578 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 42,181 KRW is for.
Which stocks are comparable to Iljin Electric Co?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Iljin Electric Co stock attractive at the current price?
The data as of Sep 24, 2026: price 81,700 KRW, calculated fair value 42,181 KRW (−48%), Quality Score 54/100, from 26 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 103590 calculated?
We run Iljin Electric Co through 26 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 42,181 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 14.1 % above its aggregate fair value. Iljin Electric Co 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 Iljin Electric Co (103590)?
The closing price on Sep 23, 2026 was 81,700 KRW. Our model-based fair value is 42,181 KRW, about −48% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Iljin Electric Co right now?
The price sits above even our optimistic bull case (57,199 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (23,951 KRW to 57,199 KRW) leaves room in how you read the outcome.
Key figures of Iljin Electric Co
How large is the market capitalisation of Iljin Electric Co (103590)?
The market capitalisation of Iljin Electric Co is 3.9T KRW (≈ $2.7B). 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 Iljin Electric Co (103590)?
The price-to-sales ratio of Iljin Electric Co is 1.86 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Iljin Electric Co (103590)?
The dividend yield of Iljin Electric Co is 0.6%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Iljin Electric Co (103590)?
The net margin of Iljin Electric Co is 5.1% (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 Iljin Electric Co (103590)?
The return on equity (ROE) of Iljin Electric Co is 21.0% (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 Iljin Electric Co (103590)?
On an EBIT basis the return on assets of Iljin Electric Co is 5.8% (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 Iljin Electric Co (103590)?
The operating margin of Iljin Electric Co is 10.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Iljin Electric Co (103590)?
Revenue at Iljin Electric Co is growing +10.6% versus a year earlier (3y avg +20.6%). 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 Iljin Electric Co (103590)?
Earnings per share at Iljin Electric Co are growing +56.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Iljin Electric Co (103590) carry?
The net debt of Iljin Electric Co is 1.9B KRW (fiscal year 2024, ≈ 0.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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