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K-TOP REITS co.Ltd. (145270) Fair Value & Analysis

Real Estate · KR · Market cap 38.2B KRW

KT K-TOP REITS co.Ltd. 145270 · KO
Price808.00 KRW
Fair Value2,018 KRW
Upside+149.7%
Quality58/100
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Weak Growth
Highly profitable · 49.2% net margin
Low debt · generates free cash flow
Ranks above peers (8/10)
Moderate moat 45/100
Evidence: High Range 1,442 KRW – 2,522 KRW Share as image

Fair value as of: Jul 24, 2026

From 14 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 1,865 KRW to 2,018 KRW (+8.2%) since Jun 26, 2026. Share price +10.2% over the past month.

A solid business, screening 150% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1,442 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

2,062 KRW 661.63 KRW Fair Value 2,018 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 661.63 KRW – 2,062 KRW · fair‑value band 1,442 KRW – 2,522 KRW · the 808.00 KRW price screens below the 2,018 KRW fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

K-TOP REITS co.Ltd. (145270) currently trades at 808.00 KRW, while our model-based Fair Value estimate is 2,018 KRW, implying the stock looks roughly 149.7% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Real Estate 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: high), always confirm before acting.

Over the trailing twelve months, K-TOP REITS co.Ltd. generated revenue of 8.1B KRW at a net margin of 49.2%. Revenue declined 17.7% year over year. It earns a return on equity of 13.6%. Net debt stands at 61.6B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 1,442 KRW (bear case) to 2,522 KRW (bull case); at 808.00 KRW, the current price sits below 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 17% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -22% fair-value upside, at 150%, 145270 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
Growth DCF 496.07 KRW 1,093 KRW 2,055 KRW 80
Residual Income 1,738 KRW 1,790 KRW 1,809 KRW 76
Rev-Margin DCF 1,235 KRW 2,602 KRW 4,545 KRW 74
All 14 models by family
DCF Models
FCF DCF 514.13 KRW 984.49 KRW 2,199 KRW 38
5Y Revenue Exit 1,235 KRW 2,689 KRW 4,837 KRW 39
5Y EBITDA Exit 2,059 KRW 4,546 KRW 7,951 KRW 41
10Y Revenue Exit 947.40 KRW 2,287 KRW 4,615 KRW 36
10Y EBITDA Exit 1,575 KRW 3,721 KRW 7,543 KRW 37
Multiples
P/S Multiple 1,551 KRW 2,068 KRW 2,585 KRW 58
P/B Multiple 1,672 KRW 2,229 KRW 2,786 KRW 55
EV/EBIT 3,635 KRW 4,867 KRW 6,100 KRW 53
EV/EBITDA 2,831 KRW 3,795 KRW 4,760 KRW 54
EV/Revenue 1,497 KRW 2,165 KRW 2,833 KRW 43
Asset-Based
NCAV (Graham) 1,104 KRW 1,479 KRW 2,208 KRW 50
Growth DCF
Growth DCF 496.07 KRW 1,093 KRW 2,055 KRW 80
Rev-Margin DCF 1,235 KRW 2,602 KRW 4,545 KRW 74
Economic Profit
Residual Income 1,738 KRW 1,790 KRW 1,809 KRW 76

Widest divergence: DCF Models (2,689 KRW) versus Growth DCF (1,093 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 8.1B KRW
Revenue growth (YoY) -17.7%
Net margin 49.2%
Return on equity 13.6%
Free cash flow 1.9B KRW FY2025
Operating margin -25.9%
More key figures
Net debt 61.6B KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 46

Profitability 36
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 83
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

K-TOP REITS co.Ltd. is a real estate investment trust. K-TOP REITS co.Ltd. is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

K-TOP REITS co.Ltd. reported revenue of 15.1B KRW in FY2025 versus 32.0B KRW in FY2021, a compound −17.1%/yr. Reported net income was 6.2B KRW in FY2025, compounding −14.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
15.1B KRW
Latest YoY
+24.8%
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.
−11.3%
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.
−6.6%
Avg. growth/yr (14Y) 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.
+21.5%
Revenue −17.1%/yr
FY21 32.0B KRW
FY22 21.6B KRW
FY23 26.9B KRW
FY24 12.1B KRW
FY25 15.1B KRW
Net income −14.2%/yr
FY21 11.5B KRW
FY22 10.1B KRW
FY23 11.6B KRW
FY24 5.2B KRW
FY25 6.2B KRW

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Cite: Fair Value Calculator (2026). "K-TOP REITS co.Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/145270

Peer Group

REIT - Diversified · 165 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 60 · Above median
Fair Value upside +150% · Top 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 49% · Above median
Operating margin (TTM) -26% · Bottom 25%
Revenue growth -18% · Bottom 25%
Debt / equity 0.23× · Lower than 75% of peers

Valuation Multiples vs REIT - Diversified median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 0.6× · 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.

VALUE 100 · sector 13
FUTURE 0 · sector 13
PAST 54 · sector 20
HEALTH 89 · sector 72
DIVIDEND 0 · sector 97

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 REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Goodman Group GMG A$29.11 A$7.37 -75%
VICI Properties Inc VICI $26.73 $41.74 +56%
W. P. Carey Inc WPC $76.69 $35.59 -54%
Charter Hall Group CHC A$21.90 A$11.46 -48%
Fibra Uno FUNO11 31.10 MXN 63.56 MXN +104%
COV COV €52.55 €62.39 +19%
The GPT Group GPT A$4.89 A$3.49 -29%
Mirvac Group MGR A$1.70 A$0.5700 -66%
KLCC Property Holdings 5235SS 8.85 MYR 6.91 MYR -22%
CRRUN CRRUN C$17.65 C$17.89 +1%

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Frequently asked questions

Is K-TOP REITS co.Ltd. (145270) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 2,018 KRW versus a price of 808.00 KRW, about +150% (undervalued).
What is the fair value of 145270?
Our model-based fair value for K-TOP REITS co.Ltd. is 2,018 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 808.00 KRW.
What is the quality score of 145270?
K-TOP REITS co.Ltd. has a Quality Score of 58/100. 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 K-TOP REITS co.Ltd. (145270)?
K-TOP REITS co.Ltd. reported trailing-twelve-month revenue of about 8.1B KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 145270?
The net profit margin of K-TOP REITS co.Ltd. is about 49.2%, meaning it keeps roughly 49.2% of revenue as net income. Based on the latest reported figures.

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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