GOLFZON NEWDIN HOLDINGS Co. Ltd (121440) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of GOLFZON NEWDIN HOLDINGS Co. Ltd KRW 9,855, price KRW 7,530, upside +30.9%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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GOLFZON NEWDIN HOLDINGS Co., Ltd., through its subsidiaries, engages in the golf and sports, health, and lifestyle businesses in South Korea and internationally.
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GOLFZON NEWDIN HOLDINGS Co., Ltd., through its subsidiaries, engages in the golf and sports, health, and lifestyle businesses in South Korea and internationally. It offers Golfzon Driving Range (GDR), the golf practice simulator; operates approximately 50 specialty stores under the Golf Zone Market and Golfing names; operates public golf course; provides system for training national golf players; operates golf academy; develops and manufactures a portable golf range finder using GPS and advanced algorithm; and operates golf theme park; as well as offers screen baseball, fishing, tennis, bowling, and media art services. The company was formerly known as Golfzonnewdin Co., Ltd. and changed its name to GOLFZON NEWDIN HOLDINGS Co., Ltd. in April 2018. GOLFZON NEWDIN HOLDINGS Co., Ltd. was founded in 2000 and is headquartered in Seoul, South Korea.
Stock analysis
GOLFZON NEWDIN HOLDINGS Co. Ltd (121440) currently trades at 7,530 KRW, while our model-based Fair Value estimate is 9,855 KRW, implying the stock looks roughly 23.6% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 11,670 KRW per share, and 12 of the 23 models we run sit above the 7,530 KRW price.
Bear case: the Growth DCF group reads lowest at 1,182 KRW, and 11 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: 6,898 KRW (bear) to 9,855 KRW (bull), the price of 7,530 KRW sits inside 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 Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
GOLFZON NEWDIN HOLDINGS Co. Ltd reported revenue of 354B KRW in FY2025 versus 418B KRW in FY2021, a compound −4.0%/yr. Reported net income was 24.0B KRW in FY2025, compounding −35.0%/yr from FY2021.
Key figures
Market cap 291B KRW (≈ $204M) · P/S ratio 0.53 · Dividend yield 5.0% · Net margin 6.8% · Return on equity 681% · Return on assets (EBIT) 7.8% · Operating margin 18.5% · Revenue (TTM) 488B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 78% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −9% fair-value upside, at 31%, 121440 screens cheaper than that median.
Fair Value models
Bear 6,898 KRWFair Value 9,855 KRWBull 9,855 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−8.3%
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.
−10.2%
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.
+3.9%
Start year 2020 (pandemic). Over 10 years: +8.0% 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.
+3.6%
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What shareholders gained per year (last 5 years), in KRW ⓘ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. Basis: EBIT basis. 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.
−11.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.7%
Dividend (yield on the price)5.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−20% vs 21%, slowing
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.12% → 10%
Start year 2020 (pandemic)
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).
+48.3%
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 +45.3% a year for the price.
Compare GOLFZON NEWDIN HOLDINGS Co. Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Leisure Products” was too small, so the broader sector is used.)Consumer Discretionary · 3921 stocks
Beats the sector median on 9/10 measures
Overall it ranks above its sector peers.
Valuation
Quality Score54 · Above median
Fair Value upside+31% · Above median
Profitability
Return on assets6% · Top 25%
Net margin (TTM)32% · Top 25%
Operating margin (TTM)18% · Top 25%
Growth and dividend
Revenue growth6% · Above median
Dividend yield (TTM)5.0% · Top 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Consumer Discretionary median · lower = cheaper
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Is GOLFZON NEWDIN HOLDINGS Co. Ltd (121440) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 9,855 KRW versus a price of 7,530 KRW, about +31% upside (undervalued).
What is the fair value of 121440?
Our model-based fair value for GOLFZON NEWDIN HOLDINGS Co. Ltd is 9,855 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 7,530 KRW.
What is the quality score of 121440?
GOLFZON NEWDIN HOLDINGS Co. Ltd 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 GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
Our model-based price target is the fair value of 9,855 KRW (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 6,898 KRW, optimistic scenario 9,855 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the GOLFZON NEWDIN HOLDINGS Co. Ltd stock forecast for 2026?
Our models put fair value at 9,855 KRW, about +31% upside versus a price of 7,530 KRW (undervalued). Cautious scenario 6,898 KRW, optimistic scenario 9,855 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
GOLFZON NEWDIN HOLDINGS Co. Ltd reported trailing-twelve-month revenue of about 488B KRW (latest available figure, as of Sep 24, 2026).
Does GOLFZON NEWDIN HOLDINGS Co. Ltd pay a dividend?
GOLFZON NEWDIN HOLDINGS Co. Ltd currently shows a dividend yield of about 4.97% relative to its recent price (as of Sep 24, 2026).
What growth is priced into GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
For today's price to be fair in a discounted-cash-flow model, GOLFZON NEWDIN HOLDINGS Co. Ltd would have to grow free cash flow by +48.3 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 121440 use?
Our models discount GOLFZON NEWDIN HOLDINGS Co. Ltd at 14.2 %: a base by market capitalisation (micro), damped by beta 1.33, 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 GOLFZON NEWDIN HOLDINGS Co. Ltd that is +48.3 % per year a year over ten years, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has GOLFZON NEWDIN HOLDINGS Co. Ltd (121440) delivered so far?
Over the past 5 years revenue at GOLFZON NEWDIN HOLDINGS Co. Ltd grew +3.9 % a year. The price currently implies +48.3 % 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 GOLFZON NEWDIN HOLDINGS Co. Ltd (121440) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into GOLFZON NEWDIN HOLDINGS Co. Ltd (+48.3 % 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 GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
The free-cash-flow yield on the price is 1.90 %: that much free cash flow GOLFZON NEWDIN HOLDINGS Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GOLFZON NEWDIN HOLDINGS Co. Ltd it is 9,855 KRW per share (as of Sep 24, 2026), against a price of 7,530 KRW. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is GOLFZON NEWDIN HOLDINGS Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 121440 trades below its calculated fair value: price 7,530 KRW, fair value 9,855 KRW, a gap of about +31% (undervalued). 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 121440?
No. The price is what the market pays today (7,530 KRW); the fair value is what the company's own numbers justify (9,855 KRW). For GOLFZON NEWDIN HOLDINGS Co. Ltd the two are 2,325 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is GOLFZON NEWDIN HOLDINGS Co. Ltd worth?
The market values GOLFZON NEWDIN HOLDINGS Co. Ltd at about 291B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 7,530 KRW; our models calculate a fair value of 9,855 KRW per share.
What do the bullish and bearish scenarios say about 121440?
Our models span a range for GOLFZON NEWDIN HOLDINGS Co. Ltd: cautious scenario 6,898 KRW, base 9,855 KRW, optimistic 9,855 KRW per share (as of Sep 24, 2026, price 7,530 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
Balance-sheet figures for GOLFZON NEWDIN HOLDINGS Co. Ltd (as of Sep 24, 2026): debt of 0.12 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 121440 from its 52-week high?
GOLFZON NEWDIN HOLDINGS Co. Ltd trades at 7,530 KRW, about 9% below its 52-week high of 8,250 KRW and 78% above the low of 4,230 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 9,855 KRW is for.
Which stocks are comparable to GOLFZON NEWDIN HOLDINGS Co. Ltd?
From the same area (Consumer Cyclical) we also value Aurora World Corporation, Innox Corporation, SONOKONG Co, VC Inc, 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 GOLFZON NEWDIN HOLDINGS Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 7,530 KRW, calculated fair value 9,855 KRW (+31%), Quality Score 54/100, from 23 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 121440 calculated?
We run GOLFZON NEWDIN HOLDINGS Co. Ltd through 23 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 9,855 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. GOLFZON NEWDIN HOLDINGS Co. Ltd currently trades 31 % below its own fair value, and the market average says nothing about that. 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 GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
The closing price on Sep 23, 2026 was 7,530 KRW. Our model-based fair value is 9,855 KRW, about +31% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GOLFZON NEWDIN HOLDINGS Co. Ltd right now?
Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of GOLFZON NEWDIN HOLDINGS Co. Ltd
How large is the market capitalisation of GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
The market capitalisation of GOLFZON NEWDIN HOLDINGS Co. Ltd is 291B KRW (≈ $204M). 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 GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
The price-to-sales ratio of GOLFZON NEWDIN HOLDINGS Co. Ltd is 0.53 (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 GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
The dividend yield of GOLFZON NEWDIN HOLDINGS Co. Ltd is 5.0%. 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 GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
The net margin of GOLFZON NEWDIN HOLDINGS Co. Ltd is 6.8% (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 GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
The return on equity (ROE) of GOLFZON NEWDIN HOLDINGS Co. Ltd is 681% (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 GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
On an EBIT basis the return on assets of GOLFZON NEWDIN HOLDINGS Co. Ltd is 7.8% (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 GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
The operating margin of GOLFZON NEWDIN HOLDINGS Co. Ltd is 18.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
Revenue at GOLFZON NEWDIN HOLDINGS Co. Ltd is growing +6.0% versus a year earlier (3y avg −10.2%). 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 GOLFZON NEWDIN HOLDINGS Co. Ltd (121440)?
Earnings per share at GOLFZON NEWDIN HOLDINGS Co. Ltd are growing +5.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does GOLFZON NEWDIN HOLDINGS Co. Ltd (121440) carry?
The net debt of GOLFZON NEWDIN HOLDINGS Co. Ltd is 185B KRW (fiscal year 2025, ≈ 33.5 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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