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Sunjin (136490) Fair Value & Analysis

Consumer Defensive · KR · Market cap 233B KRW

S Sunjin 136490 · KO
Price10,300 KRW
Fair Value8,242 KRW
Upside-20.0%
Quality66/100
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Strengths

Healthy Growth
Low debt · generates free cash flow
Ranks above peers (8/10)

Risks

!Trades 20% ABOVE our fair value of 8,242 KRW
!Thin margins · 5.7% net margin
!Moderate moat 56/100
!Weak on valuation: 7 out of 100
Healthy Growth
Thin margins · 5.7% net margin
Low debt · generates free cash flow
2.10% dividend yield
Ranks above peers (8/10)
Moderate moat 56/100
Evidence: High Range 5,128 KRW – 10,302 KRW Share as image

Fair value as of: Aug 21, 2026

From 24 valuation models · updated today

Fair value updated Aug 21, 2026, revised from 8,359 KRW to 8,242 KRW (−1.4%) since Aug 13, 2026. Share price +8.2% over the past month.

A solid business, but screening 20% overvalued on our models.

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What matters now

  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (5,128 KRW to 10,302 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

20,021 KRW 5,084 KRW Fair Value 8,242 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range 5,084 KRW – 20,021 KRW · fair‑value band 5,128 KRW – 10,302 KRW · the 10,300 KRW price screens above the 8,242 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

Full chart & analysis →

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Analysis

Sunjin (136490) currently trades at 10,300 KRW, while our model-based Fair Value estimate is 8,242 KRW, implying the stock looks roughly 20.0% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Sunjin generated revenue of 2.0T KRW at a net margin of 5.7%. Revenue grew 16.8% year over year. It earns a return on equity of 21.4%. Net debt stands at 378B KRW. Fundamentals as of Aug 21, 2026

Our scenario range runs from 5,128 KRW (bear case) to 10,302 KRW (bull case); at 10,300 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 31% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 97% fair-value upside, at -20%, 136490 screens richer 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
Growth DCF 53,470 KRW 89,773 KRW 153,905 KRW 80
Residual Income 34,402 KRW 45,769 KRW 214,745 KRW 76
Rev-Margin DCF 66,771 KRW 114,875 KRW 175,348 KRW 74
All 24 models by family
DCF Models
FCF DCF 53,384 KRW 91,403 KRW 158,646 KRW 38
Owner Earnings 76,512 KRW 132,891 KRW 232,607 KRW 31
5Y Revenue Exit 66,771 KRW 116,391 KRW 183,640 KRW 39
5Y EBITDA Exit 80,097 KRW 143,267 KRW 221,976 KRW 41
5Y P/E Exit 70,110 KRW 123,125 KRW 182,941 KRW 38
10Y Revenue Exit 59,640 KRW 105,812 KRW 175,966 KRW 36
10Y EBITDA Exit 70,989 KRW 125,711 KRW 208,113 KRW 37
10Y P/E Exit 64,276 KRW 110,798 KRW 175,380 KRW 35
Earnings-Based
Graham-Dodd 34,011 KRW 145,640 KRW 198,969 KRW 54
Lynch FV 37,253 KRW 53,218 KRW 69,183 KRW 50
PEG = 1.0 37,253 KRW 53,218 KRW 69,183 KRW 46
EPV 72,999 KRW 84,912 KRW 95,502 KRW 59
Multiples
P/E Multiple 78,776 KRW 105,035 KRW 131,294 KRW 63
P/S Multiple 63,771 KRW 85,029 KRW 106,286 KRW 58
P/B Multiple 63,771 KRW 85,029 KRW 106,286 KRW 55
EV/EBIT 101,573 KRW 133,600 KRW 165,627 KRW 53
EV/EBITDA 100,130 KRW 131,675 KRW 163,221 KRW 54
EV/Revenue 74,068 KRW 103,457 KRW 132,847 KRW 43
Asset-Based
NCAV (Graham) 11,839 KRW 15,864 KRW 23,678 KRW 50
Growth DCF
Growth DCF 53,470 KRW 89,773 KRW 153,905 KRW 80
Rev-Margin DCF 66,771 KRW 114,875 KRW 175,348 KRW 74
Economic Profit
Residual Income 34,402 KRW 45,769 KRW 214,745 KRW 76
ROIC Compounder 80,068 KRW 102,544 KRW 129,813 KRW 72
Growth Earnings
Growth-Adj P/E 62,490 KRW 89,272 KRW 116,053 KRW 68

Widest divergence: DCF Models (116,391 KRW) versus Asset-Based (15,864 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.0T KRW
Revenue growth (YoY) +16.8%
Net margin 5.7%
Return on equity 21.4%
Free cash flow 86.1B KRW FY2025
Operating margin 11.5%
More key figures
Dividend yield 2.1%
EPS growth (YoY) -14.2%
Net debt 378B KRW FY2025

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 62 · Market factors (momentum, volatility) 30

Profitability 64
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 24
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

Sunjin Co.,Ltd., together with its subsidiaries, produces and sells prepared animal feed in South Korea and internationally. The company operates in five segments: Feed, Meat, Pig Farming, Meat Processing, and Others.

Full company description

Sunjin Co.,Ltd., together with its subsidiaries, produces and sells prepared animal feed in South Korea and internationally. The company operates in five segments: Feed, Meat, Pig Farming, Meat Processing, and Others. It offers feed for pig and dairy farming, and fattening purposes; and processes and distributes meat products, such as steak/patty, cutlet, balls/mini meat patty, fried food, ham, sausage, bacon/smoked, topping, ready-to-cook food, and other products. The company also manufactures and services automation machinery and ICT equipment that is used in the livestock environment; and provides services for farm management, as well as operates pig and chicken farms in South-Asian countries. In addition, it engages in the animal hospital business; provides environmental engineering; meat storage; pig farming and breeding business; and leases real estate properties. The company was founded in 1979 and is headquartered in Icheon-si, South Korea. Sunjin Co.,Ltd. is a subsidiary of Harim Holdings Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sunjin reported revenue of 1.9T KRW in FY2025 versus 1.7T KRW in FY2021, a compound +2.5%/yr. Reported net income was 119B KRW in FY2025, compounding +29.0%/yr from FY2021.

Growth Quality 74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.9T KRW
Latest YoY
+12.7%
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.
+0.4%
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.
+7.1%
Avg. growth/yr (12Y) 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.
+11.3%
Revenue +2.5%/yr
FY21 1.7T KRW
FY22 1.9T KRW
FY23 1.9T KRW
FY24 1.7T KRW
FY25 1.9T KRW
Net income +29.0%/yr
FY21 42.9B KRW
FY22 23.2B KRW
FY23 13.9B KRW
FY24 5.5B KRW
FY25 119B KRW

136490 screens 20% overvalued. Compare with Muyuan Foods Group →

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Cite: Fair Value Calculator (2026). "Sunjin Fair Value". https://www.fairvalue-calculator.com/stock/136490

Peer Group

Farm Products · 305 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 66 · Top 25%
Fair Value upside −20% · Below median
Return on equity (TTM) 21% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 17% · Above median
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE7 · sector 30
FUTURE84 · sector 22
PAST85 · sector 19
HEALTH99 · sector 94
DIVIDEND39 · sector 47

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

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.15 ¥47.42 +18%
Charoen Pokphand Foods Public Company CPF 21.90 THB 43.24 THB +97%
PT Charoen Pokphand Indonesia Tbk, CPIN 2,960 IDR 6,818 IDR +130%
PT Triputra Agro Persada Tbk TAPG 1,805 IDR 3,087 IDR +71%
PT FAP Agri Tbk FAPA 7,350 IDR 6,420 IDR -13%
PT Japfa Comfeed Indonesia Tbk JPFA 2,260 IDR 6,974 IDR +209%
PT Jhonlin Agro Raya Tbk JARR 1,890 IDR 610.80 IDR -68%
PT Nusantara Sawit Sejahtera Tbk NSSS 860.00 IDR 402.24 IDR -53%
PT Sinar Mas Agro Resources and Technology Tbk SMAR 5,625 IDR 16,227 IDR +188%
PT Dharma Satya Nusantara Tbk DSNG 1,320 IDR 2,696 IDR +104%

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Frequently asked questions

Is Sunjin (136490) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of 8,242 KRW versus a price of 10,300 KRW, about −20% (overvalued).
What is the fair value of 136490?
Our model-based fair value for Sunjin is 8,242 KRW (as of Aug 21, 2026), built from audited fundamentals. The current price: 10,300 KRW.
What is the quality score of 136490?
Sunjin has a Quality Score of 66/100. 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 Sunjin (136490)?
Sunjin reported trailing-twelve-month revenue of about 2.0T KRW (latest available figure, as of Aug 21, 2026).
What is the net profit margin of 136490?
The net profit margin of Sunjin is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does Sunjin pay a dividend?
Sunjin currently shows a dividend yield of about 2.12% relative to its recent price (as of Aug 21, 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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