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StarFlex Co (115570) Fair Value & Analysis

Industrials · KR · Market cap 19.8B KRW

SC StarFlex Co 115570 · KQ
Price2,250 KRW
Fair Value6,750 KRW
Upside+200.0%
Quality64/100
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Expensive Growth
Thin margins · 7.2% net margin
Low debt · negative free cash flow
3.98% dividend yield
Ranks above peers (8/9)
Narrow moat 38/100
Evidence: Medium Range 5,175 KRW – 7,421 KRW Share as image

Fair value as of: Jul 20, 2026

From 14 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 7,310 KRW to 6,750 KRW (−7.7%) since Jun 25, 2026. Share price −12.5% over the past month.

A solid business, screening 200% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (5,175 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

7,951 KRW 2,206 KRW Fair Value 6,750 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 2,206 KRW – 7,951 KRW · fair‑value band 5,175 KRW – 7,421 KRW · the 2,250 KRW price screens below the 6,750 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

StarFlex Co (115570) currently trades at 2,250 KRW, while our model-based Fair Value estimate is 6,750 KRW, implying the stock looks roughly 200.0% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, StarFlex Co generated revenue of 100B KRW at a net margin of 7.2%. Revenue grew 6.8% year over year. It earns a return on equity of 10.2%. Net debt stands at 13.8B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 5,175 KRW (bear case) to 7,421 KRW (bull case); at 2,250 KRW, the current price sits below 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 37% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 200%, 115570 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 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
Highest evidence
Residual Income 6,896 KRW 6,953 KRW 6,602 KRW 76
ROIC Compounder 7,719 KRW 8,918 KRW 10,584 KRW 72
Growth-Adj P/E 4,327 KRW 6,182 KRW 8,036 KRW 68
All 14 models by family
DCF Models
Owner Earnings 7,328 KRW 10,380 KRW 14,744 KRW 31
Earnings-Based
Graham-Dodd 2,989 KRW 7,109 KRW 9,164 KRW 54
PEG = 1.0 1,237 KRW 1,767 KRW 2,297 KRW 46
EPV 7,719 KRW 8,918 KRW 9,967 KRW 59
Multiples
P/E Multiple 5,605 KRW 7,473 KRW 9,341 KRW 63
P/S Multiple 5,605 KRW 7,473 KRW 9,341 KRW 58
P/B Multiple 5,605 KRW 7,473 KRW 9,341 KRW 55
EV/EBIT 9,337 KRW 12,275 KRW 15,212 KRW 53
EV/EBITDA 9,920 KRW 13,051 KRW 16,183 KRW 54
EV/Revenue 8,162 KRW 11,435 KRW 14,708 KRW 43
Asset-Based
NCAV (Graham) 4,514 KRW 6,049 KRW 9,029 KRW 50
Economic Profit
Residual Income 6,896 KRW 6,953 KRW 6,602 KRW 76
ROIC Compounder 7,719 KRW 8,918 KRW 10,584 KRW 72
Growth Earnings
Growth-Adj P/E 4,327 KRW 6,182 KRW 8,036 KRW 68

Widest divergence: DCF Models (10,380 KRW) versus Asset-Based (6,049 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 100B KRW
Revenue growth (YoY) +6.8%
Net margin 7.2%
Return on equity 10.2%
Free cash flow −2.0B KRW FY2025
Operating margin 5.6%
More key figures
Dividend yield 4.0%
EPS growth (YoY) +465%
Net debt 13.8B KRW FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 59 · Market factors (momentum, volatility) 26

Profitability 39
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 82
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

StarFlex Co., Ltd. manufactures and supplies PVC flex products for the signage industry under the STARFLEX brand in Korea and internationally.

Full company description

StarFlex Co., Ltd. manufactures and supplies PVC flex products for the signage industry under the STARFLEX brand in Korea and internationally. The company offers frontlit, backlit, blockout, solit, self-adhesive vinyl, and coated flex products; textile; LED module, PVC foam board, and adhesive sheet and pad; PVC coated and laminated tarpaulin; and construction roofing products. Its products are used as components in digital printing, billboards, building murals, light boxes, and screen printing. The company was founded in 1985 and is headquartered in Eumseong-eup, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

StarFlex Co reported revenue of 98.7B KRW in FY2025 versus 85.0B KRW in FY2021, a compound +3.8%/yr. Reported net income was 3.5B KRW in FY2025, compounding −10.0%/yr from FY2021.

Growth Quality 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
98.7B KRW
Latest YoY
+23.1%
Avg. growth/yr (3Y) 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.
−1.8%
Avg. growth/yr (5Y) 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.
+7.7%
Avg. growth/yr (14Y) 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.
−5.2%
Revenue +3.8%/yr
FY21 85.0B KRW
FY22 104B KRW
FY23 70.7B KRW
FY24 80.2B KRW
FY25 98.7B KRW
Net income −10.0%/yr
FY21 5.3B KRW
FY22 6.5B KRW
FY23 −14.7B KRW
FY24 4.6B KRW
FY25 3.5B KRW

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Cite: Fair Value Calculator (2026). "StarFlex Co Fair Value". https://www.fairvalue-calculator.com/stock/115570

Peer Group

Specialty Business Services · 253 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 64 · Above median
Fair Value upside +200% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 6% · Below median
Revenue growth 7% · Above median
Dividend yield (TTM) 4.0% · Above median

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 100 · sector 25
FUTURE 34 · sector 27
PAST 41 · sector 33
HEALTH 100 · sector 92
DIVIDEND 80 · sector 54

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is StarFlex Co (115570) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 6,750 KRW versus a price of 2,250 KRW, about +200% (undervalued).
What is the fair value of 115570?
Our model-based fair value for StarFlex Co is 6,750 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 2,250 KRW.
What is the quality score of 115570?
StarFlex Co has a Quality Score of 64/100. 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 StarFlex Co (115570)?
StarFlex Co reported trailing-twelve-month revenue of about 100B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 115570?
The net profit margin of StarFlex Co is about 7.2%, meaning it keeps roughly 7.2% of revenue as net income. Based on the latest reported figures.
Does StarFlex Co pay a dividend?
StarFlex Co currently shows a dividend yield of about 3.95% relative to its recent price (as of Jul 20, 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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