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JNK Heaters Co (126880) Fair Value & Analysis

Industrials · KR · Market cap 62.4B KRW

JH JNK Heaters Co 126880 · KQ
Price2,735 KRW
Fair Value3,033 KRW
Upside+10.9%
Quality45/100
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Weak Growth
Thin margins · 4.5% net margin
Low debt · negative free cash flow
1.28% dividend yield
Ranks above peers (6/8)
Narrow moat 26/100
Evidence: Medium Range 2,275 KRW – 3,792 KRW Share as image

Fair value as of: Jul 22, 2026

From 12 valuation models · updated 19 days ago

Share price −6.3% over the past month.

Below-average quality, screening 11% undervalued on our models.

What matters now

  • Our model range runs from 2,275 KRW (bear) to 3,792 KRW (bull), base 3,033 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 45/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

7,397 KRW 2,430 KRW Fair Value 3,033 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 2,430 KRW – 7,397 KRW · fair‑value band 2,275 KRW – 3,792 KRW · the 2,735 KRW price screens below the 3,033 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

JNK Heaters Co (126880) currently trades at 2,735 KRW, while our model-based Fair Value estimate is 3,033 KRW, implying the stock looks roughly 10.9% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, JNK Heaters Co generated revenue of 168B KRW at a net margin of 4.5%. Revenue grew 182.1% year over year. Net debt stands at 11.0B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 2,275 KRW (bear case) to 3,792 KRW (bull case); at 2,735 KRW, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 50% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at 11%, 126880 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Residual Income 5,488 KRW 5,186 KRW 4,035 KRW 76
ROIC Compounder 5,222 KRW 5,531 KRW 5,802 KRW 72
Growth-Adj P/E 1,606 KRW 2,295 KRW 2,983 KRW 68
All 12 models by family
Earnings-Based
Graham-Dodd 982.24 KRW 1,201 KRW 1,351 KRW 54
EPV 5,222 KRW 5,531 KRW 5,802 KRW 59
Multiples
P/E Multiple 2,275 KRW 3,033 KRW 3,792 KRW 63
P/S Multiple 1,842 KRW 2,456 KRW 3,070 KRW 58
P/B Multiple 1,842 KRW 2,456 KRW 3,070 KRW 55
EV/EBIT 6,467 KRW 7,501 KRW 8,535 KRW 53
EV/EBITDA 6,652 KRW 7,747 KRW 8,842 KRW 54
EV/Revenue 5,579 KRW 6,528 KRW 7,477 KRW 43
Asset-Based
NCAV (Graham) 3,921 KRW 5,254 KRW 7,841 KRW 50
Economic Profit
Residual Income 5,488 KRW 5,186 KRW 4,035 KRW 76
ROIC Compounder 5,222 KRW 5,531 KRW 5,802 KRW 72
Growth Earnings
Growth-Adj P/E 1,606 KRW 2,295 KRW 2,983 KRW 68

Widest divergence: Asset-Based (5,254 KRW) versus Earnings-Based (1,201 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 168B KRW
Revenue growth (YoY) +182%
Net margin 4.5%
Return on equity 6,820%
Free cash flow −26.8B KRW FY2025
Operating margin 4.3%
More key figures
Dividend yield 1.3%
EPS growth (YoY) +89.1%
Net debt 11.0B KRW FY2022

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 43 · Market factors (momentum, volatility) 11

Profitability 23
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 26
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

JNK Heaters Co., Ltd. engages in the design, fabrication, erection, maintenance, and revamping of process fired heaters and furnaces in South Korea and internationally.

Full company description

JNK Heaters Co., Ltd. engages in the design, fabrication, erection, maintenance, and revamping of process fired heaters and furnaces in South Korea and internationally. The company provides process fired heaters, such as crude distillation unit heaters, vacuum distillation unit heaters, UOP CCR platforming/AXENS aromizing heaters, pyrolysis furnaces, steam reformers, steam super heaters, lube base oil heaters, olefins conversion unit heaters, and other heaters; and hydrotreater heaters, catalytic reforming and hydro desulfurization heaters, hydro cracker heaters, steam/hydrogen reformers, and reboilers. It also operates hydrogen-refueling station. The company was founded in 1998 and is based in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

JNK Heaters Co reported revenue of 147B KRW in FY2025 versus 131B KRW in FY2021, a compound +2.9%/yr. Reported net income was 2.9B KRW in FY2025, compounding −2.6%/yr from FY2021.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
147B KRW
Latest YoY
+6.2%
Avg. growth/yr (3Y) 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.
−9.3%
Avg. growth/yr (5Y) 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.
−5.1%
Avg. growth/yr (15Y) 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.
+2.6%
Revenue +2.9%/yr
FY21 131B KRW
FY22 197B KRW
FY23 167B KRW
FY24 139B KRW
FY25 147B KRW
Net income −2.6%/yr
FY21 3.2B KRW
FY22 7.2B KRW
FY23 3.8B KRW
FY24 91.5B KRW
FY25 2.9B KRW

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Cite: Fair Value Calculator (2026). "JNK Heaters Co Fair Value". https://www.fairvalue-calculator.com/stock/126880

Peer Group

Machinery, Tools, Heavy Vehicles, Trains & Ships · 35 stocks

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.

Quality Score 45 · Below median
Fair Value upside +11% · Above median
Return on assets 2% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 4% · Above median
Revenue growth 182% · Top 25%
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.01× · Lower than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 48 · sector 37
FUTURE 100 · sector 70
PAST 0 · sector 100
HEALTH 100 · sector 99
DIVIDEND 26 · sector 27

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Machinery, Tools, Heavy Vehicles, Trains & Ships stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

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Sungho Electronics Corp 043260 17,830 KRW 10,608 KRW -41%
SKF India Limited 500472 ₹1,480 ₹695.28 -53%
Hyulim ROBOT Co 090710 6,040 KRW 715.59 KRW -88%
Tae Kwang Corporation 023160 21,500 KRW 25,470 KRW +18%
522275 522275 ₹4,394 ₹3,006 -32%
Bosung Power Technology Co 006910 6,060 KRW 8,549 KRW +41%

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Frequently asked questions

Is JNK Heaters Co (126880) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 3,033 KRW versus a price of 2,735 KRW, about +11% (undervalued).
What is the fair value of 126880?
Our model-based fair value for JNK Heaters Co is 3,033 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 2,735 KRW.
What is the quality score of 126880?
JNK Heaters Co has a Quality Score of 45/100. 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 revenue of JNK Heaters Co (126880)?
JNK Heaters Co reported trailing-twelve-month revenue of about 168B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 126880?
The net profit margin of JNK Heaters Co is about 4.5%, meaning it keeps roughly 4.5% of revenue as net income. Based on the latest reported figures.
Does JNK Heaters Co pay a dividend?
JNK Heaters Co currently shows a dividend yield of about 1.28% relative to its recent price (as of Jul 22, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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