SJM Co Ltd (123700) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of SJM Co Ltd KRW 8,735, price KRW 3,345, upside +161.1%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 2,524 KRW – 5,181 KRW · fair‑value band 6,551 KRW – 10,630 KRW · the 3,345 KRW price screens below the 8,735 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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SJM Co., Ltd. manufactures and sells automobile and industrial products in Korea and internationally. The company offers welded part; conventional, self-supporting, thermal compensating, EGR, turbo noise decoupling, truck, and industrial engine flex tube.
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SJM Co., Ltd. manufactures and sells automobile and industrial products in Korea and internationally. The company offers welded part; conventional, self-supporting, thermal compensating, EGR, turbo noise decoupling, truck, and industrial engine flex tube. It also provides LNG carrier, FSRU, FPSO, bunkering, re-gasification unit, duel fuel engine, tank, and terminal; gas and steam turbine, HRSG-casing, inlet/outlet non-metal bellows, BFPT-duct, condenser inlet/outlet, cooling water, utility piping-rubber hose, flexible hose, and fittings; styrene monomer, FCC residue fluid catalytic cracking unit, naphtha cracking center, aromatics, carbon black delayed coker, propane dehydrogenation, purified terephthalic acid, sulphuric acid regeneration, and heat exchanger; pump connector, bellows type, slip joint, multi and CB joint; MTU; and other water supply and sewage products. In addition, the company offers new mobility products for electric and fuel cell electric vehicle; and high tech products to aerospace, hyper-speed transportation, and nuclear fusion powerplant. The company was formerly known as Sung Jin Machinery Co., Ltd. and changed its name to SJM Co., Ltd. in November 1996. SJM Co., Ltd. was founded in 1975 and is based in Ansan-si, South Korea.
Stock analysis
SJM Co Ltd (123700) currently trades at 3,345 KRW, while our model-based Fair Value estimate is 8,735 KRW, implying the stock looks roughly 61.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 21,324 KRW per share, and 22 of the 22 models we run sit above the 3,345 KRW price.
Bear case: the Earnings-Based group reads lowest at 8,302 KRW, and 0 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 6,551 KRW (bear) to 10,630 KRW (bull), the price of 3,345 KRW sits below 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 62/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SJM Co Ltd reported revenue of 201B KRW in FY2025 versus 146B KRW in FY2021, a compound +8.4%/yr. Reported net income was 12.1B KRW in FY2025, compounding +14.2%/yr from FY2021.
Key figures
Market cap 52.2B KRW (≈ $38.4M) · P/S ratio 0.26 · Dividend yield 6.1% · Net margin 6.0% · Return on equity 5.1% · Return on assets (EBIT) 4.1% · Operating margin 5.9% · Revenue (TTM) 201B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 15% below its 52-week high and 11% 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 161%, 123700 screens cheaper than that median.
Fair Value models
Bear 6,551 KRWFair Value 8,735 KRWBull 10,630 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.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.2%
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.
+3.8%
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.
+7.8%
Start year 2020 (pandemic). Over 10 years: +1.1% 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.
+2.9%
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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. 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.
+18.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.1%
Dividend (yield on the price)6.1%
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.5% → 6%
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 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+161% · Top 25%
Profitability
Return on equity (TTM)5% · Below median
Return on assets2% · Below median
Net margin (TTM)7% · Above median
Operating margin (TTM)6% · Above median
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)6.1% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
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Cite: Fair Value Calculator (2026). "SJM Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/123700
Frequently asked questions
Is SJM Co Ltd (123700) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 8,735 KRW versus a price of 3,345 KRW, about +161% upside (undervalued).
What is the fair value of 123700?
Our model-based fair value for SJM Co Ltd is 8,735 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 3,345 KRW.
What is the quality score of 123700?
SJM Co Ltd has a Quality Score of 62/100. 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 SJM Co Ltd (123700)?
Our model-based price target is the fair value of 8,735 KRW (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 6,551 KRW, optimistic scenario 10,630 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the SJM Co Ltd stock forecast for 2026?
Our models put fair value at 8,735 KRW, about +161% upside versus a price of 3,345 KRW (undervalued). Cautious scenario 6,551 KRW, optimistic scenario 10,630 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of SJM Co Ltd (123700)?
SJM Co Ltd reported trailing-twelve-month revenue of about 201B KRW (latest available figure, as of Sep 24, 2026).
Does SJM Co Ltd pay a dividend?
SJM Co Ltd currently shows a dividend yield of about 6.13% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of SJM Co Ltd (123700)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SJM Co Ltd it is 8,735 KRW per share (as of Sep 24, 2026), against a price of 3,345 KRW. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is SJM Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 123700 trades below its calculated fair value: price 3,345 KRW, fair value 8,735 KRW, a gap of about +161% (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 123700?
No. The price is what the market pays today (3,345 KRW); the fair value is what the company's own numbers justify (8,735 KRW). For SJM Co Ltd the two are 5,390 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is SJM Co Ltd worth?
The market values SJM Co Ltd at about 52.2B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 3,345 KRW; our models calculate a fair value of 8,735 KRW per share.
What do the bullish and bearish scenarios say about 123700?
Our models span a range for SJM Co Ltd: cautious scenario 6,551 KRW, base 8,735 KRW, optimistic 10,630 KRW per share (as of Sep 24, 2026, price 3,345 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SJM Co Ltd (123700)?
Balance-sheet figures for SJM Co Ltd (as of Sep 24, 2026): return on equity 5.1%, debt of 0.00 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 123700 from its 52-week high?
SJM Co Ltd trades at 3,345 KRW, about 15% below its 52-week high of 3,945 KRW and 11% above the low of 3,005 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 8,735 KRW is for.
Which stocks are comparable to SJM 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 SJM Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 3,345 KRW, calculated fair value 8,735 KRW (+161%), Quality Score 62/100, from 22 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 123700 calculated?
We run SJM Co Ltd through 22 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 8,735 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. SJM Co Ltd currently trades 161 % 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 SJM Co Ltd (123700)?
The closing price on Sep 23, 2026 was 3,345 KRW. Our model-based fair value is 8,735 KRW, about +161% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SJM Co Ltd right now?
The price is below even our cautious bear case (6,551 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of SJM Co Ltd
How large is the market capitalisation of SJM Co Ltd (123700)?
The market capitalisation of SJM Co Ltd is 52.2B KRW (≈ $38.4M). 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 SJM Co Ltd (123700)?
The price-to-sales ratio of SJM Co Ltd is 0.26 (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 SJM Co Ltd (123700)?
The dividend yield of SJM Co Ltd is 6.1%. 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 SJM Co Ltd (123700)?
The net margin of SJM Co Ltd is 6.0% (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 SJM Co Ltd (123700)?
The return on equity (ROE) of SJM Co Ltd is 5.1% (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 SJM Co Ltd (123700)?
On an EBIT basis the return on assets of SJM Co Ltd is 4.1% (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 SJM Co Ltd (123700)?
The operating margin of SJM Co Ltd is 5.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SJM Co Ltd (123700)?
Revenue at SJM Co Ltd is growing −0.2% versus a year earlier (3y avg +3.8%). 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 SJM Co Ltd (123700)?
Earnings per share at SJM Co Ltd are growing +36.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SJM Co Ltd (123700) generate?
The free cash flow of SJM Co Ltd is 26.3B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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