Formetal Co (119500) Fair Value & Analysis
Industrials · KR · Market cap 29.4B KRW
Fair value as of: Jul 20, 2026
From 22 valuation models · updated 21 days ago
Share price −0.8% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Our model range runs from 1,913 KRW (bear) to 3,188 KRW (bull), base 2,551 KRW. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 66/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
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 2,185 KRW – 6,742 KRW · fair‑value band 1,913 KRW – 3,188 KRW · the 2,545 KRW price screens below the 2,551 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.
Analysis
Formetal Co (119500) currently trades at 2,545 KRW, while our model-based Fair Value estimate is 2,551 KRW, implying the stock looks roughly 0.2% fairly valued today. The Quality Score stands at 66/100 (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: high), always confirm before acting.
Over the trailing twelve months, Formetal Co generated revenue of 65.1B KRW at a net margin of 3.1%. Revenue declined 5.8% year over year. It earns a return on equity of 4.1%. Net debt stands at 3.2B KRW. Fundamentals as of Jul 20, 2026
Our scenario range runs from 1,913 KRW (bear case) to 3,188 KRW (bull case); at 2,545 KRW, the current price sits within 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 59% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at 0%, 119500 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.
All 22 models by family
Widest divergence: DCF Models (4,045 KRW) versus Growth Earnings (2,005 KRW). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 67 · Market factors (momentum, volatility) 14
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
Formetal Co., Ltd. operates as a metal forging company in Korea. It is involved in free, metal, composite, and non-ferrous metal forging activities.
Full company description
Formetal Co., Ltd. operates as a metal forging company in Korea. It is involved in free, metal, composite, and non-ferrous metal forging activities. The company provides RV gears, hold flanges, and shafts for the wind power generation industry; eyes, ice cleats, sprockets, oil caps, wear rings, hubs, wheels, and alex arms for the defense industry; and boom, center, and front bearings, as well as sprockets for the industrial machinery industry. It also provides yokes, spindles, steering knuckles, arms, rack pistons, pitman arms, sector shafts, poles, and fork shifts for automobile parts; connecting rods, and crank and cam shafts for agricultural machinery; and wheels, cylinders, hubs, oil caps, and strut spades for other industry applications. The company was formerly known as Hyup Jin Metal Forging Ind. Co., Ltd. and changed its name to Formetal Co., Ltd. in December 2009. Formetal Co., Ltd. was founded in 1969 and is based in Seosan-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Formetal Co reported revenue of 66.0B KRW in FY2025 versus 62.1B KRW in FY2021, a compound +1.6%/yr. Reported net income was 2.2B KRW in FY2025, compounding +1.8%/yr from FY2021.
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Peer Group
Metal Fabrication · 244 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.
Valuation Multiples vs Metal Fabrication median · lower = cheaper
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.
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 Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Carpenter Technology Corporation CRS | $577.10 | $103.31 | -82% |
| ATI Inc ATI | $186.17 | $36.51 | -80% |
| Mueller Industries, Inc MLI | $59.13 | $60.24 | +2% |
| China International Marine Containers (Group) Co 000039 | ¥7.45 | ¥1.15 | -85% |
| JL Mag Rare-Earth Co 300748 | ¥31.69 | ¥8.74 | -72% |
| Western Superconducting Technologies Co 688122 | ¥56.73 | ¥24.43 | -57% |
| Ningbo Zhenyu Technology Co 300953 | ¥131.65 | ¥44.23 | -66% |
| Anhui Yingliu Electromechanical Co 603308 | ¥48.52 | ¥8.07 | -83% |
| Baoding Technology Co 002552 | ¥43.95 | ¥5.44 | -88% |
| Xiamen Voke Mold & Plastic Engineering Co 301196 | ¥110.08 | ¥42.71 | -61% |
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Frequently asked questions
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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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