Korea Asset In Trust Co Ltd (123890) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Korea Asset In Trust Co Ltd KRW 6,063, price KRW 2,425, upside +150.0%, quality 63 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 1,999 KRW – 3,963 KRW · fair‑value band 5,469 KRW – 6,063 KRW · the 2,425 KRW price screens below the 6,063 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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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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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. 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 2,425 KRW, while our model-based Fair Value estimate is 6,063 KRW, implying the stock looks roughly 60.0% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 13,414 KRW per share, and 10 of the 14 models we run sit above the 2,425 KRW price.
Bear case: the Dividend Discount group reads lowest at 976.03 KRW, and 4 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: 5,469 KRW (bear) to 6,063 KRW (bull), the price of 2,425 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 63/100 (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 297B KRW (≈ $218M) · P/S ratio 1.70 · Dividend yield 6.2% · Net margin 24.2% · Return on equity 4.5% · Return on assets (EBIT) 7.1% · Operating margin 61.8% · Revenue (TTM) 158B 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 15% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 1% fair-value upside, at 150%, 123890 screens cheaper than that median.
Fair Value models
Bear 5,469 KRWFair Value 6,063 KRWBull 6,063 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 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.
−8.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.4%
Dividend (yield on the price)6.2%
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.
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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 · 155 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+150% · Top 25%
Profitability
Return on equity (TTM)4% · Below median
Return on assets3% · Above median
Net margin (TTM)30% · Below median
Operating margin (TTM)62% · Above median
Growth and dividend
Revenue growth−13% · Bottom 25%
Dividend yield (TTM)6.2% · Above median
Balance sheet
Debt / equity0.54× · Above median
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
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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 Sep 24, 2026, our model estimates a fair value of 6,063 KRW versus a price of 2,425 KRW, about +150% upside (undervalued).
What is the fair value of 123890?
Our model-based fair value for Korea Asset In Trust Co Ltd is 6,063 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,425 KRW.
What is the quality score of 123890?
Korea Asset In Trust Co Ltd has a Quality Score of 63/100. 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 6,063 KRW (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 5,469 KRW, optimistic scenario 6,063 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 6,063 KRW, about +150% upside versus a price of 2,425 KRW (undervalued). Cautious scenario 5,469 KRW, optimistic scenario 6,063 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 158B KRW (latest available figure, as of Sep 24, 2026).
Does Korea Asset In Trust Co Ltd pay a dividend?
Korea Asset In Trust Co Ltd currently shows a dividend yield of about 6.19% relative to its recent price (as of Sep 24, 2026).
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 6,063 KRW per share (as of Sep 24, 2026), against a price of 2,425 KRW. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Korea Asset In Trust Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 123890 trades below its calculated fair value: price 2,425 KRW, fair value 6,063 KRW, a gap of about +150% (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 (2,425 KRW); the fair value is what the company's own numbers justify (6,063 KRW). For Korea Asset In Trust Co Ltd the two are 3,638 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 297B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 2,425 KRW; our models calculate a fair value of 6,063 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 5,469 KRW, base 6,063 KRW, optimistic 6,063 KRW per share (as of Sep 24, 2026, price 2,425 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
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 Sep 24, 2026): return on equity 4.5%, debt of 0.54 per unit of equity. They feed the Quality Score of 63/100, 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 2,425 KRW, about 15% below its 52-week high of 2,865 KRW and 17% above the low of 2,065 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 6,063 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, Charter Hall 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 Asset In Trust Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 2,425 KRW, calculated fair value 6,063 KRW (+150%), Quality Score 63/100, 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 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 6,063 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 13.0 % above its aggregate fair value. Korea Asset In Trust Co Ltd currently trades 150 % 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 Sep 23, 2026 was 2,425 KRW. Our model-based fair value is 6,063 KRW, about +150% 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 (5,469 KRW). The market is more pessimistic than our downside scenario. Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (5,469 KRW to 6,063 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 297B KRW (≈ $218M). 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 1.70 (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 Asset In Trust Co Ltd (123890)?
The dividend yield of Korea Asset In Trust Co Ltd is 6.2%. 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 24.2% (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 Korea Asset In Trust Co Ltd (123890)?
The return on equity (ROE) of Korea Asset In Trust Co Ltd is 4.5% (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 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 61.8% (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 −13.3% 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 −14.2% 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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