SEOJEON ELECTRIC MACHINERY Co (189860) Fair Value & Analysis
Industrials · KR · Market cap 39.0B KRW
Fair value as of: Aug 13, 2026
From 10 valuation models · updated today
Share price +19.3% over the past month.
Below-average quality, screening 144% undervalued on our models.
What matters now
- The price is below even our cautious bear case (8,346 KRW). The market is more pessimistic than our downside scenario.
- Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (8,346 KRW to 15,203 KRW) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 2,910 KRW – 16,086 KRW · fair‑value band 8,346 KRW – 15,203 KRW · the 4,890 KRW price screens below the 11,923 KRW fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
SEOJEON ELECTRIC MACHINERY Co (189860) currently trades at 4,890 KRW, while our model-based Fair Value estimate is 11,923 KRW, implying the stock looks roughly 143.8% undervalued today. The Quality Score stands at 47/100 (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, SEOJEON ELECTRIC MACHINERY Co generated revenue of 50.2B KRW at a net margin of 2.8%. Revenue grew 34.6% year over year. It earns a return on equity of 4.5%. Net debt stands at 6.7B KRW. Fundamentals as of Aug 13, 2026
Our scenario range runs from 8,346 KRW (bear case) to 15,203 KRW (bull case); at 4,890 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 57% below its 52-week high and 73% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -65% fair-value upside, at 144%, 189860 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.
All 10 models by family
Widest divergence: Multiples (12,162 KRW) versus Dividend Discount (397.71 KRW). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 39
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
SEOJEON ELECTRIC MACHINERY Co.,Ltd. manufactures and sells electric switchboards and control panels in South Korea. It offers switchgears, including environment friendly compact type, medium voltage compact, low voltage module, metal clad, gas insulated, asesmatic, smart, and DC switchgears, as well as rectifiers, motor control centers, and distribution …
Full company description
SEOJEON ELECTRIC MACHINERY Co.,Ltd. manufactures and sells electric switchboards and control panels in South Korea. It offers switchgears, including environment friendly compact type, medium voltage compact, low voltage module, metal clad, gas insulated, asesmatic, smart, and DC switchgears, as well as rectifiers, motor control centers, and distribution panels; and e-Keey Dry system for applications in space where maintaining a certain level of humidity is required for electric insulation, including switchgear and automatic control panel. The company also provides Web-based power monitoring and control system, a remote monitoring and control system using the digital relay of power facilities in factories and buildings, or RTU; and smart grid systems. In addition, it undertakes electric works, including transmission and distribution, and various plant constructions; power equipment installation; solar power facilities installation; extension construction of buildings; lighting construction; and various renewals. SEOJEON ELECTRIC MACHINERY Co.,Ltd. was founded in 1988 and is headquartered in Icheon-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SEOJEON ELECTRIC MACHINERY Co reported revenue of 68.1B KRW in FY2025 versus 52.5B KRW in FY2021, a compound +6.7%/yr. Reported net income was 6.9B KRW in FY2025.
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Peer Group
Electrical Equipment & Parts · 525 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.
Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$652.50 | HK$394.19 | -40% |
| Delta Electronics (Thailand) Public Company DELTA | 269.00 THB | 40.28 THB | -85% |
| LG Energy Solution, Ltd 373220 | 365,500 KRW | 201,455 KRW | -45% |
| WEG S.A WEGE3 | 14,900 ARS | 4,338 ARS | -71% |
| Sungrow Power Supply Co 300274 | ¥117.53 | ¥123.83 | +5% |
| HD Hyundai Electric Co 267260 | 782,000 KRW | 371,133 KRW | -53% |
| LS ELECTRIC Co 010120 | 208,500 KRW | 29,594 KRW | -86% |
| Hyosung Heavy Industries Corporation 298040 | 2,892,000 KRW | 1,013,099 KRW | -65% |
| Hitachi Energy India Limited POWERINDIA | ₹35,800 | ₹6,106 | -83% |
| Polycab India Limited POLYCAB | ₹9,289 | ₹3,218 | -65% |
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Frequently asked questions
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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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