KISCO Corp (104700) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of KISCO Corp KRW 5,770, price KRW 9,350, upside -38.3%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
KISCO Corp. develops and produces steel products in South Korea.
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KISCO Corp. develops and produces steel products in South Korea. It offers reinforcing bars for construction and civil engineering sites, such as bridges, buildings, and nuclear power plants; industrial gas, including oxygen, liquid nitrogen, and argon used to weld steel of light alloy and manufacture semiconductors and titanium; billets; and fiber-reinforced for construction sites. The company was founded in 1957 and is headquartered in Changwon-Si, South Korea.
Stock analysis
KISCO Corp (104700) currently trades at 9,350 KRW, while our model-based Fair Value estimate is 5,770 KRW, 38.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 16,426 KRW per share, and 1 of the 7 models we run sit above the 9,350 KRW price.
Bear case: the Growth DCF group reads lowest at 2,730 KRW, and 6 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 5,027 KRW (bear) to 6,974 KRW (bull), the price of 9,350 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 47/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
KISCO Corp reported revenue of 487B KRW in FY2025 versus 887B KRW in FY2021, a compound −13.9%/yr. Reported net income was −8.9B KRW in FY2025.
Key figures
Market cap 307B KRW (≈ $228M) · P/S ratio 0.55 · Dividend yield 8.0% · Net margin −1.8% · Return on equity −2.1% · Return on assets (EBIT) 5.8% · Operating margin −3.6% · Revenue (TTM) 534B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 18% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −38%, 104700 screens cheaper than that median.
Fair Value models
Bear 5,027 KRWFair Value 5,770 KRWBull 6,974 KRW
Price 9,350 KRW · Upside -38.3%
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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−18.9%
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.
−23.0%
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.
−5.1%
Start year 2020 (pandemic). Over 10 years: −3.4% a year
Revenue growth 12 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.
−4.3%
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Profit margin (trend) ⓘ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.
1.7% (2019) → −8.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
+32.4%
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 +29.7% a year for the price.
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.Steel · 407 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−38.3% · Below median
Profitability
Return on assets−3.4% · Bottom 25%
Net margin (TTM)−2.9% · Bottom 25%
Operating margin (TTM)−3.6% · Bottom 25%
Growth and dividend
Revenue growth42.1% · Top 25%
Dividend yield (TTM)8.0% · Top 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 20
FUTURE (revenue growth)100· sector 33
PAST (return on equity)0· sector 19
HEALTH (low debt)0· sector 95
DIVIDEND (yield)100· sector 51
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). "KISCO Corp Fair Value". https://www.fairvalue-calculator.com/stock/104700
Frequently asked questions
Is KISCO Corp (104700) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 5,770 KRW versus a price of 9,350 KRW, about −38% upside (overvalued).
What is the fair value of 104700?
Our model-based fair value for KISCO Corp is 5,770 KRW (as of Oct 2, 2026), built from audited fundamentals. The current price: 9,350 KRW.
What is the quality score of 104700?
KISCO Corp has a Quality Score of 47/100. 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 KISCO Corp (104700)?
Our model-based price target is the fair value of 5,770 KRW (as of Oct 2, 2026) from 7 valuation models. Cautious scenario 5,027 KRW, optimistic scenario 6,974 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the KISCO Corp stock forecast for 2026?
Our models put fair value at 5,770 KRW, about −38% upside versus a price of 9,350 KRW (overvalued). Cautious scenario 5,027 KRW, optimistic scenario 6,974 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of KISCO Corp (104700)?
KISCO Corp reported trailing-twelve-month revenue of about 534B KRW (latest available figure, as of Oct 2, 2026).
Does KISCO Corp pay a dividend?
KISCO Corp currently shows a dividend yield of about 8.02% relative to its recent price (as of Oct 2, 2026).
What growth is priced into KISCO Corp (104700)?
For today's price to be fair in a discounted-cash-flow model, KISCO Corp would have to grow free cash flow by +32.4 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.1 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of 104700 use?
Our models discount KISCO Corp at 11.6 %: a base by market capitalisation (micro), damped by beta 0.54, 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 KISCO Corp that is +32.4 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has KISCO Corp (104700) delivered so far?
Over the past 5 years revenue at KISCO Corp grew -5.1 % a year. The price currently implies +32.4 % 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 KISCO Corp (104700) growing?
The median revenue growth in the sector is +9.1 % a year. That is the yardstick for the growth priced into KISCO Corp (+32.4 % 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 KISCO Corp (104700)?
The free-cash-flow yield on the price is 1.80 %: that much free cash flow KISCO Corp produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of KISCO Corp (104700)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KISCO Corp it is 5,770 KRW per share (as of Oct 2, 2026), against a price of 9,350 KRW. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is KISCO Corp stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 104700 trades above its calculated fair value: price 9,350 KRW, fair value 5,770 KRW, a gap of about −38% (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 104700?
No. The price is what the market pays today (9,350 KRW); the fair value is what the company's own numbers justify (5,770 KRW). For KISCO Corp the two are 3,580 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is KISCO Corp worth?
The market values KISCO Corp at about 307B KRW (market capitalisation, as of Oct 2, 2026). Per share that is 9,350 KRW; our models calculate a fair value of 5,770 KRW per share.
What do the bullish and bearish scenarios say about 104700?
Our models span a range for KISCO Corp: cautious scenario 5,027 KRW, base 5,770 KRW, optimistic 6,974 KRW per share (as of Oct 2, 2026, price 9,350 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of KISCO Corp (104700)?
Balance-sheet figures for KISCO Corp (as of Oct 2, 2026): return on equity −2.1%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 104700 from its 52-week high?
KISCO Corp trades at 9,350 KRW, about 18% below its 52-week high of 11,440 KRW and 16% above the low of 8,040 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 5,770 KRW is for.
Which stocks are comparable to KISCO Corp?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 KISCO Corp stock attractive at the current price?
The data as of Oct 2, 2026: price 9,350 KRW, calculated fair value 5,770 KRW (−38%), Quality Score 47/100, from 7 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 104700 calculated?
We run KISCO Corp through 7 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 5,770 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 15.0 % above its aggregate fair value. KISCO Corp 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 KISCO Corp (104700)?
The closing price on Oct 2, 2026 was 9,350 KRW. Our model-based fair value is 5,770 KRW, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KISCO Corp right now?
The price sits above even our optimistic bull case (6,974 KRW). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of KISCO Corp
How large is the market capitalisation of KISCO Corp (104700)?
The market capitalisation of KISCO Corp is 307B KRW (≈ $228M). 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 KISCO Corp (104700)?
The price-to-sales ratio of KISCO Corp is 0.55 (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 KISCO Corp (104700)?
The dividend yield of KISCO Corp is 8.0%. 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 KISCO Corp (104700)?
The net margin of KISCO Corp is −1.8% (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 KISCO Corp (104700)?
The return on equity (ROE) of KISCO Corp is −2.1% (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 KISCO Corp (104700)?
On an EBIT basis the return on assets of KISCO Corp 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 KISCO Corp (104700)?
The operating margin of KISCO Corp is −3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KISCO Corp (104700)?
Revenue at KISCO Corp is growing +42.1% versus a year earlier (3y avg −23.0%). 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 KISCO Corp (104700)?
Earnings per share at KISCO Corp are growing −28.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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