MS Autotech Co.Ltd (123040) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of MS Autotech Co.Ltd KRW 1,314, price KRW 1,640, upside -19.9%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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MS Autotech Co.,Ltd produces and sells car-body parts in South Korea. It offers fender apron and side members, center and rear floors, front and rear doors, reinforcement side outers, side and quarter inners, rear combi lamp housings, rear package trays, back and dash parts, and cowl parts.
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MS Autotech Co.,Ltd produces and sells car-body parts in South Korea. It offers fender apron and side members, center and rear floors, front and rear doors, reinforcement side outers, side and quarter inners, rear combi lamp housings, rear package trays, back and dash parts, and cowl parts. The company was founded in 1982 and is based in Gyeongju-si, South Korea.
Stock analysis
MS Autotech Co.Ltd (123040) currently trades at 1,640 KRW, while our model-based Fair Value estimate is 1,314 KRW, implying the stock looks roughly 24.8% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 10,042 KRW per share, and 11 of the 13 models we run sit above the 1,640 KRW price.
Bear case: the Earnings-Based group reads lowest at 860.59 KRW, and 2 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: 836.99 KRW (bear) to 1,314 KRW (bull), the price of 1,640 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 30/100 (below-average 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.
MS Autotech Co.Ltd reported revenue of 1.7T KRW in FY2025 versus 1.5T KRW in FY2021, a compound +3.4%/yr. Reported net income was −109B KRW in FY2025.
Key figures
Market cap 90.2B KRW (≈ $63.2M) · P/S ratio 0.05 · Dividend yield 4.9% · Net margin −6.2% · Return on equity −9.3% · Return on assets (EBIT) 6.0% · Operating margin 2.8% · Revenue (TTM) 1.8T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 51% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −38% fair-value upside, at −20%, 123040 screens cheaper than that median.
Fair Value models
Bear 836.99 KRWFair Value 1,314 KRWBull 1,314 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
−2.1%
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.
−2.1%
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.
+7.4%
Start year 2020 (pandemic). Over 10 years: +7.3% a year
Revenue growth 15 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.
+16.6%
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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.
2.1% (2020) → 1.8% (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
Price in line with expectations
The price assumes about as much growth as 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).
+4.5%
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 +2.4% 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.Auto Parts · 662 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside−20% · Below median
Profitability
Return on assets1% · Bottom 25%
Net margin (TTM)−6% · Bottom 25%
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth4% · Above median
Dividend yield (TTM)4.9% · Top 25%
Balance sheet
Debt / equity2.43× · Highest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
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Is MS Autotech Co.Ltd (123040) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1,314 KRW versus a price of 1,640 KRW, about −20% upside (overvalued).
What is the fair value of 123040?
Our model-based fair value for MS Autotech Co.Ltd is 1,314 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,640 KRW.
What is the quality score of 123040?
MS Autotech Co.Ltd has a Quality Score of 30/100. 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 MS Autotech Co.Ltd (123040)?
Our model-based price target is the fair value of 1,314 KRW (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 836.99 KRW, optimistic scenario 1,314 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the MS Autotech Co.Ltd stock forecast for 2026?
Our models put fair value at 1,314 KRW, about −20% upside versus a price of 1,640 KRW (overvalued). Cautious scenario 836.99 KRW, optimistic scenario 1,314 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of MS Autotech Co.Ltd (123040)?
MS Autotech Co.Ltd reported trailing-twelve-month revenue of about 1.8T KRW (latest available figure, as of Sep 24, 2026).
Does MS Autotech Co.Ltd pay a dividend?
MS Autotech Co.Ltd currently shows a dividend yield of about 4.94% relative to its recent price (as of Sep 24, 2026).
What growth is priced into MS Autotech Co.Ltd (123040)?
For today's price to be fair in a discounted-cash-flow model, MS Autotech Co.Ltd would have to grow free cash flow by +4.5 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 123040 use?
Our models discount MS Autotech Co.Ltd at 12.4 %: a base by market capitalisation (micro), damped by beta 0.78, 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 MS Autotech Co.Ltd that is +4.5 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has MS Autotech Co.Ltd (123040) delivered so far?
Over the past 5 years revenue at MS Autotech Co.Ltd grew +7.4 % a year. The price currently implies +4.5 % 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 MS Autotech Co.Ltd (123040) growing?
The median revenue growth in the sector is +2.5 % a year. That is the yardstick for the growth priced into MS Autotech Co.Ltd (+4.5 % 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 MS Autotech Co.Ltd (123040)?
The free-cash-flow yield on the price is 41.96 %: that much free cash flow MS Autotech Co.Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of MS Autotech Co.Ltd (123040)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MS Autotech Co.Ltd it is 1,314 KRW per share (as of Sep 24, 2026), against a price of 1,640 KRW. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is MS Autotech Co.Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 123040 trades above its calculated fair value: price 1,640 KRW, fair value 1,314 KRW, a gap of about −20% (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 123040?
No. The price is what the market pays today (1,640 KRW); the fair value is what the company's own numbers justify (1,314 KRW). For MS Autotech Co.Ltd the two are 325.52 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is MS Autotech Co.Ltd worth?
The market values MS Autotech Co.Ltd at about 90.2B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 1,640 KRW; our models calculate a fair value of 1,314 KRW per share.
What do the bullish and bearish scenarios say about 123040?
Our models span a range for MS Autotech Co.Ltd: cautious scenario 836.99 KRW, base 1,314 KRW, optimistic 1,314 KRW per share (as of Sep 24, 2026, price 1,640 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of MS Autotech Co.Ltd (123040)?
Balance-sheet figures for MS Autotech Co.Ltd (as of Sep 24, 2026): return on equity −9.3%, debt of 2.43 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is 123040 from its 52-week high?
MS Autotech Co.Ltd trades at 1,640 KRW, about 51% below its 52-week high of 3,355 KRW (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 1,314 KRW is for.
Which stocks are comparable to MS Autotech Co.Ltd?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 MS Autotech Co.Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 1,640 KRW, calculated fair value 1,314 KRW (−20%), Quality Score 30/100, from 13 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 123040 calculated?
We run MS Autotech Co.Ltd through 13 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 1,314 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. MS Autotech Co.Ltd 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 MS Autotech Co.Ltd (123040)?
The closing price on Sep 23, 2026 was 1,640 KRW. Our model-based fair value is 1,314 KRW, about −20% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MS Autotech Co.Ltd right now?
The price sits above even our optimistic bull case (1,314 KRW). The favourable scenario is already priced in. Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of MS Autotech Co.Ltd
How large is the market capitalisation of MS Autotech Co.Ltd (123040)?
The market capitalisation of MS Autotech Co.Ltd is 90.2B KRW (≈ $63.2M). 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 MS Autotech Co.Ltd (123040)?
The price-to-sales ratio of MS Autotech Co.Ltd is 0.05 (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 MS Autotech Co.Ltd (123040)?
The dividend yield of MS Autotech Co.Ltd is 4.9%. 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 MS Autotech Co.Ltd (123040)?
The net margin of MS Autotech Co.Ltd is −6.2% (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 MS Autotech Co.Ltd (123040)?
The return on equity (ROE) of MS Autotech Co.Ltd is −9.3% (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 MS Autotech Co.Ltd (123040)?
On an EBIT basis the return on assets of MS Autotech Co.Ltd is 6.0% (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 MS Autotech Co.Ltd (123040)?
The operating margin of MS Autotech Co.Ltd is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MS Autotech Co.Ltd (123040)?
Revenue at MS Autotech Co.Ltd is growing +4.4% versus a year earlier (3y avg −2.1%). 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 MS Autotech Co.Ltd (123040)?
Earnings per share at MS Autotech Co.Ltd are growing +339% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does MS Autotech Co.Ltd (123040) carry?
The net debt of MS Autotech Co.Ltd is 427B KRW (fiscal year 2025, ≈ 11.3 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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