Korea Fuel-Tech Corporation (123410) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Korea Fuel-Tech Corporation KRW 7,424, price KRW 5,910, upside +25.6%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Korea Fuel-Tech Corporation manufactures and sells automotive fuel systems and components in South Korea and internationally.
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Korea Fuel-Tech Corporation manufactures and sells automotive fuel systems and components in South Korea and internationally. The company offers carbon canisters; mono-layer and multi-layer filler neck, urea filler neck, nano filler neck, and capless and MFI filler neck; air intake hose; interior and exterior trim parts, such as front, center, and rear pillar trim, luggage board, floor console, glove box, connection duct, radiator and bumper grille, and skid plate; and electric type manual shade, manual type sunshade, and door curtain. The company was formerly known as Korea Airtech Corporation and changed its name to Korea Fuel-Tech Corporation in April 1997. Korea Fuel-Tech Corporation was founded in 1984 and is headquartered in Anseong-si, South Korea.
Stock analysis
Korea Fuel-Tech Corporation (123410) currently trades at 5,910 KRW, while our model-based Fair Value estimate is 7,424 KRW, implying the stock looks roughly 20.4% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 29,037 KRW per share, and 24 of the 24 models we run sit above the 5,910 KRW price.
Bear case: the Asset-Based group reads lowest at 6,270 KRW, and 0 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 4,512 KRW (bear) to 10,588 KRW (bull), the price of 5,910 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 55/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Korea Fuel-Tech Corporation reported revenue of 786B KRW in FY2025 versus 466B KRW in FY2021, a compound +14.0%/yr. Reported net income was 43.9B KRW in FY2025, compounding +67.5%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 165B KRW (≈ $121M) · P/S ratio 0.18 · Dividend yield 3.4% · Net margin 5.6% · Return on equity 16.5% · Return on assets (EBIT) 6.4% · Operating margin 5.6% · Revenue (TTM) 801B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −38% fair-value upside, at 26%, 123410 screens cheaper than that median.
Fair Value models
Bear 4,512 KRWFair Value 7,424 KRWBull 10,588 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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.8%
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.
+11.9%
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.
+13.9%
Start year 2020 (pandemic). Over 10 years: +9.7% a year
Revenue growth 13 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.
+9.5%
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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.
+44.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+40.9%
Dividend (yield on the price)3.4%
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.51% vs 15%, picking up
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.2% → 6%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−2.1%
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 −4.1% a year for the price.
Compare Korea Fuel-Tech Corporation with another stock
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 · 692 stocks
Beats the industry median on 9/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+26% · Above median
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets5% · Top 25%
Net margin (TTM)5% · Above median
Operating margin (TTM)6% · Below median
Growth and dividend
Revenue growth8% · Above median
Dividend yield (TTM)3.4% · Above median
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Auto Parts median · lower = cheaper
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Is Korea Fuel-Tech Corporation (123410) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 7,424 KRW versus a price of 5,910 KRW, about +26% upside (undervalued).
What is the fair value of 123410?
Our model-based fair value for Korea Fuel-Tech Corporation is 7,424 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 5,910 KRW.
What is the quality score of 123410?
Korea Fuel-Tech Corporation has a Quality Score of 55/100. 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 Korea Fuel-Tech Corporation (123410)?
Our model-based price target is the fair value of 7,424 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 4,512 KRW, optimistic scenario 10,588 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Korea Fuel-Tech Corporation stock forecast for 2026?
Our models put fair value at 7,424 KRW, about +26% upside versus a price of 5,910 KRW (undervalued). Cautious scenario 4,512 KRW, optimistic scenario 10,588 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Korea Fuel-Tech Corporation (123410)?
Korea Fuel-Tech Corporation reported trailing-twelve-month revenue of about 801B KRW (latest available figure, as of Sep 24, 2026).
Does Korea Fuel-Tech Corporation pay a dividend?
Korea Fuel-Tech Corporation currently shows a dividend yield of about 3.38% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Korea Fuel-Tech Corporation (123410)?
For today's price to be fair in a discounted-cash-flow model, Korea Fuel-Tech Corporation would have to grow free cash flow by -2.1 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 123410 use?
Our models discount Korea Fuel-Tech Corporation at 12.0 %: a base by market capitalisation (micro), damped by beta 0.65, 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 Korea Fuel-Tech Corporation that is -2.1 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Korea Fuel-Tech Corporation (123410) delivered so far?
Over the past 5 years revenue at Korea Fuel-Tech Corporation grew +13.9 % a year. The price currently implies -2.1 % 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 Korea Fuel-Tech Corporation (123410) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Korea Fuel-Tech Corporation (-2.1 % 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 Korea Fuel-Tech Corporation (123410)?
The free-cash-flow yield on the price is 15.66 %: that much free cash flow Korea Fuel-Tech Corporation produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Korea Fuel-Tech Corporation (123410)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korea Fuel-Tech Corporation it is 7,424 KRW per share (as of Sep 24, 2026), against a price of 5,910 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Korea Fuel-Tech Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 123410 trades below its calculated fair value: price 5,910 KRW, fair value 7,424 KRW, a gap of about +26% (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 123410?
No. The price is what the market pays today (5,910 KRW); the fair value is what the company's own numbers justify (7,424 KRW). For Korea Fuel-Tech Corporation the two are 1,514 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Korea Fuel-Tech Corporation worth?
The market values Korea Fuel-Tech Corporation at about 165B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 5,910 KRW; our models calculate a fair value of 7,424 KRW per share.
What do the bullish and bearish scenarios say about 123410?
Our models span a range for Korea Fuel-Tech Corporation: cautious scenario 4,512 KRW, base 7,424 KRW, optimistic 10,588 KRW per share (as of Sep 24, 2026, price 5,910 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Korea Fuel-Tech Corporation (123410)?
Balance-sheet figures for Korea Fuel-Tech Corporation (as of Sep 24, 2026): return on equity 16.5%, debt of 0.09 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 123410 from its 52-week high?
Korea Fuel-Tech Corporation trades at 5,910 KRW, about 36% below its 52-week high of 9,250 KRW and 22% above the low of 4,835 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 7,424 KRW is for.
Which stocks are comparable to Korea Fuel-Tech Corporation?
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 Korea Fuel-Tech Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 5,910 KRW, calculated fair value 7,424 KRW (+26%), Quality Score 55/100, from 24 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 123410 calculated?
We run Korea Fuel-Tech Corporation through 24 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 7,424 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 14.0 % above its aggregate fair value. Korea Fuel-Tech Corporation currently trades 26 % 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 Korea Fuel-Tech Corporation (123410)?
The closing price on Sep 23, 2026 was 5,910 KRW. Our model-based fair value is 7,424 KRW, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Korea Fuel-Tech Corporation right now?
Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (4,512 KRW to 10,588 KRW) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Korea Fuel-Tech Corporation
How large is the market capitalisation of Korea Fuel-Tech Corporation (123410)?
The market capitalisation of Korea Fuel-Tech Corporation is 165B KRW (≈ $121M). 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 Korea Fuel-Tech Corporation (123410)?
The price-to-sales ratio of Korea Fuel-Tech Corporation is 0.18 (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 Korea Fuel-Tech Corporation (123410)?
The dividend yield of Korea Fuel-Tech Corporation is 3.4%. 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 Korea Fuel-Tech Corporation (123410)?
The net margin of Korea Fuel-Tech Corporation is 5.6% (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 Korea Fuel-Tech Corporation (123410)?
The return on equity (ROE) of Korea Fuel-Tech Corporation is 16.5% (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 Korea Fuel-Tech Corporation (123410)?
On an EBIT basis the return on assets of Korea Fuel-Tech Corporation is 6.4% (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 Korea Fuel-Tech Corporation (123410)?
The operating margin of Korea Fuel-Tech Corporation is 5.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Korea Fuel-Tech Corporation (123410)?
Revenue at Korea Fuel-Tech Corporation is growing +7.6% versus a year earlier (3y avg +11.9%). 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 Korea Fuel-Tech Corporation (123410)?
Earnings per share at Korea Fuel-Tech Corporation are growing −17.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Korea Fuel-Tech Corporation (123410) carry?
The net debt of Korea Fuel-Tech Corporation is 26.7B KRW (fiscal year 2025, ≈ 1.0 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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