Korea Asset In Trust Co Ltd (123890) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Korea Asset In Trust Co Ltd stock KRW 5,588, price KRW 2,260, upside +147.2%, quality 61 out of 100. Rating: strongly undervalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 1,999 KRW – 3,691 KRW · fair‑value band 5,588 KRW – 5,770 KRW · the 2,260 KRW price screens below the 5,588 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Korea Asset In Trust Co., Ltd. operates as a real estate trust company in South Korea. It provides land development, management, disposal, collateral, and sale management trust services; real estate consulting and agency services; and trust maintenance and tax services.
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The company also offers asset-backed and mortgage bonds, and bond secured securities, as well as real estate investment and project finance services. Korea Asset In Trust Co., Ltd. was founded in 2001 and is headquartered in Seoul, South Korea.
Stock analysis
Korea Asset In Trust Co Ltd (123890) currently trades at 2,260 KRW, while our model-based Fair Value estimate is 5,588 KRW, implying the stock looks roughly 60% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 15,025 KRW per share, and 11 of the 14 models we run sit above the 2,260 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,156 KRW, and 3 of the 14 models stay below the price. Data coverage for this calculation is high.
Scenario range: 5,588 KRW (bear) to 5,770 KRW (bull), the price of 2,260 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 61/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Korea Asset In Trust Co Ltd reported revenue of 204B KRW in FY2025 versus 213B KRW in FY2021, a compound −1.0%/yr. Reported net income was 49.4B KRW in FY2025, compounding −17.7%/yr from FY2021.
Key figures
Market cap 277B KRW (≈ $204M) Micro · P/E ratio 4.5 · P/S ratio 1.30 · EPS (TTM) 499.56 KRW · Dividend yield 6.6% · Net margin 29.0% · Return on equity 5.7% · Return on assets (EBIT) 7.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −7% fair-value upside, at 147%, 123890 screens cheaper than that median.
Fair Value models
Bear5,588 KRWFair Value 5,588 KRWBull5,770 KRW
Price 2,260 KRW · Upside +147.2%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (299.76 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−9.8%
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.
−4.3%
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.
−3.2%
Start year 2020 (pandemic). Over 10 years: +8.2% 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.
+13.6%
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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. 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.
−7.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.4%
Dividend (yield on the price)6.6%
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.74% → 17%
⚠ Revenue per share shrinking 1.3%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Korea Asset In Trust Co Ltd with another stock
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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.REIT - Diversified · 138 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+150.0% · Top 25%
Profitability
Return on equity (12 months)5.7% · Above median
Return on assets2.8% · Below median
Net margin (12 months)29.0% · Below median
Operating margin (12 months)81.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)71.8% · Top 25%
Dividend yield (12 months)6.6% · Above median
Balance sheet
Debt / equity0.54× · Above median
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Korea Asset In Trust Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/123890
Frequently asked questions
Is Korea Asset In Trust Co Ltd (123890) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 5,588 KRW versus a price of 2,260 KRW, about +147% upside (undervalued).
What is the fair value of 123890?
Our model-based fair value for Korea Asset In Trust Co Ltd is 5,588 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 2,260 KRW.
What is the quality score of 123890?
Korea Asset In Trust Co Ltd has a Quality Score of 61/100. 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 Asset In Trust Co Ltd (123890)?
Our model-based price target is the fair value of 5,588 KRW (as of Nov 7, 2026) from 15 valuation models. Cautious scenario 5,588 KRW, optimistic scenario 5,770 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Korea Asset In Trust Co Ltd stock forecast for 2026?
Our models put fair value at 5,588 KRW, about +147% upside versus a price of 2,260 KRW (undervalued). Cautious scenario 5,588 KRW, optimistic scenario 5,770 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Korea Asset In Trust Co Ltd (123890)?
Korea Asset In Trust Co Ltd reported trailing-twelve-month revenue of about 211B KRW (latest available figure, as of Nov 7, 2026).
Does Korea Asset In Trust Co Ltd pay a dividend?
Korea Asset In Trust Co Ltd currently shows a dividend yield of 6.64% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Korea Asset In Trust Co Ltd (123890) and when is the ex-dividend date?
Korea Asset In Trust Co Ltd pays a dividend of 150.00 KRW per share a year, a dividend yield of 6.6%. The last ex-dividend date was Mar 30, 2026. The payout ratio is 30.0% of earnings. Free cash flow covers the dividend 11.07 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What is the intrinsic value of Korea Asset In Trust Co Ltd (123890)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korea Asset In Trust Co Ltd it is 5,588 KRW per share (as of Nov 7, 2026), against a price of 2,260 KRW. It is the blended result of 15 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Korea Asset In Trust Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 123890 trades below its calculated fair value: price 2,260 KRW, fair value 5,588 KRW, a gap of about +147% (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 123890?
No. The price is what the market pays today (2,260 KRW); the fair value is what the company's own numbers justify (5,588 KRW). For Korea Asset In Trust Co Ltd the two are 3,328 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Korea Asset In Trust Co Ltd worth?
The market values Korea Asset In Trust Co Ltd at about 277B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 2,260 KRW; our models calculate a fair value of 5,588 KRW per share.
What do the bullish and bearish scenarios say about 123890?
Our models span a range for Korea Asset In Trust Co Ltd: cautious scenario 5,588 KRW, base 5,588 KRW, optimistic 5,770 KRW per share (as of Nov 7, 2026, price 2,260 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 123890?
Korea Asset In Trust Co Ltd trades at a price-to-earnings ratio of 4.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 5,588 KRW is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings, FY2025 ex one-offs: 4.2. Other multiples: P/B 0.3, P/S 1.3, EV/EBITDA 19.4.
How solid is the balance sheet of Korea Asset In Trust Co Ltd (123890)?
Balance-sheet figures for Korea Asset In Trust Co Ltd (as of Nov 7, 2026): return on equity 5.7%, debt of 0.54 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 123890 from its 52-week high?
Korea Asset In Trust Co Ltd trades at 2,260 KRW, about 21% below its 52-week high of 2,865 KRW and 9% above the low of 2,065 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 5,588 KRW is for.
Which stocks are comparable to Korea Asset In Trust Co Ltd?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Stockland, 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 Asset In Trust Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 2,260 KRW, calculated fair value 5,588 KRW (+147%), Quality Score 61/100, from 15 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 123890 calculated?
We run Korea Asset In Trust Co Ltd through 15 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 5,588 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Korea Asset In Trust Co Ltd currently trades 60% 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 Asset In Trust Co Ltd (123890)?
The closing price on Nov 9, 2026 was 2,260 KRW. Our model-based fair value is 5,588 KRW, about +147% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Korea Asset In Trust Co Ltd right now?
The price is below even our cautious bear case (5,588 KRW). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (5,588 KRW to 5,770 KRW), unusually little disagreement for a valuation. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Korea Asset In Trust Co Ltd
How large is the market capitalisation of Korea Asset In Trust Co Ltd (123890)?
The market capitalisation of Korea Asset In Trust Co Ltd is 277B 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 Korea Asset In Trust Co Ltd (123890)?
The price-to-sales ratio of Korea Asset In Trust Co Ltd is 1.30 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Korea Asset In Trust Co Ltd (123890)?
Earnings per share at Korea Asset In Trust Co Ltd are 499.56 KRW (price ÷ EPS = P/E 4.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Korea Asset In Trust Co Ltd (123890)?
The dividend yield of Korea Asset In Trust Co Ltd is 6.6% (payout 30.0%). 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 Korea Asset In Trust Co Ltd (123890)?
The net margin of Korea Asset In Trust Co Ltd is 29.0% (last twelve months). 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 Asset In Trust Co Ltd (123890)?
The return on equity (ROE) of Korea Asset In Trust Co Ltd is 5.7% (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 Asset In Trust Co Ltd (123890)?
On an EBIT basis the return on assets of Korea Asset In Trust Co Ltd is 7.1% (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 Korea Asset In Trust Co Ltd (123890)?
The operating margin of Korea Asset In Trust Co Ltd is 81.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Korea Asset In Trust Co Ltd (123890)?
Revenue at Korea Asset In Trust Co Ltd is growing +71.8% versus a year earlier (3y avg −4.3%). 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 Asset In Trust Co Ltd (123890)?
Earnings per share at Korea Asset In Trust Co Ltd are growing +143% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Korea Asset In Trust Co Ltd (123890) generate?
The free cash flow of Korea Asset In Trust Co Ltd is 203B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Korea Asset In Trust Co Ltd (123890) carry?
The net debt of Korea Asset In Trust Co Ltd is 470B KRW (fiscal year 2025, ≈ 2.3 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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Broad data
Nov 7, 2026