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LS Eco Energy Ltd (229640) Fair Value & Analysis

Industrials · KR · Market cap 1.4T KRW

LE LS Eco Energy Ltd 229640 · KO
Price45,450 KRW
Fair Value28,636 KRW
Upside-37.0%
Quality69/100
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Healthy Growth
Thin margins · 4.3% net margin
Low debt · generates free cash flow
0.59% dividend yield
Ranks above peers (8/10)
Moderate moat 53/100
Evidence: High Range 20,703 KRW – 36,409 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 18 days ago

Share price +4.2% over the past month.

A solid business, but screening 37% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (36,409 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

93,400 KRW 6,058 KRW Fair Value 28,636 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 6,058 KRW – 93,400 KRW · fair‑value band 20,703 KRW – 36,409 KRW · the 45,450 KRW price screens above the 28,636 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

LS Eco Energy Ltd (229640) currently trades at 45,450 KRW, while our model-based Fair Value estimate is 28,636 KRW, implying the stock looks roughly 37.0% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Industrials 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, LS Eco Energy Ltd generated revenue of 1.0T KRW at a net margin of 4.3%. Revenue grew 25.0% year over year. It earns a return on equity of 22.1%. Net debt stands at 93.9B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 20,703 KRW (bear case) to 36,409 KRW (bull case); at 45,450 KRW, the current price sits above 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 59% below its 52-week high and 47% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -37%, 229640 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 BearBaseBull Evidence
Highest evidence
Growth DCF 32,044 KRW 55,921 KRW 98,368 KRW 80
Residual Income 9,514 KRW 12,618 KRW 55,268 KRW 76
Rev-Margin DCF 24,309 KRW 39,804 KRW 59,500 KRW 74
All 24 models by family
DCF Models
FCF DCF 32,041 KRW 57,211 KRW 102,112 KRW 38
Owner Earnings 21,851 KRW 38,739 KRW 68,868 KRW 31
5Y Revenue Exit 24,309 KRW 40,008 KRW 60,899 KRW 39
5Y EBITDA Exit 25,784 KRW 43,002 KRW 64,143 KRW 41
5Y P/E Exit 24,548 KRW 40,492 KRW 58,307 KRW 38
10Y Revenue Exit 25,907 KRW 41,776 KRW 65,242 KRW 36
10Y EBITDA Exit 27,606 KRW 44,001 KRW 67,979 KRW 37
10Y P/E Exit 26,772 KRW 42,136 KRW 63,054 KRW 35
Earnings-Based
Graham-Dodd 9,432 KRW 41,364 KRW 56,604 KRW 54
Lynch FV 10,680 KRW 15,257 KRW 19,834 KRW 50
PEG = 1.0 10,680 KRW 15,257 KRW 19,834 KRW 46
EPV 20,883 KRW 24,380 KRW 27,489 KRW 59
Multiples
P/E Multiple 21,846 KRW 29,127 KRW 36,409 KRW 63
P/S Multiple 17,685 KRW 23,579 KRW 29,474 KRW 58
P/B Multiple 17,685 KRW 23,579 KRW 29,474 KRW 55
EV/EBIT 29,140 KRW 38,498 KRW 47,856 KRW 53
EV/EBITDA 24,865 KRW 32,798 KRW 40,730 KRW 54
EV/Revenue 21,103 KRW 29,690 KRW 38,278 KRW 43
Asset-Based
NCAV (Graham) 3,449 KRW 4,621 KRW 6,898 KRW 50
Growth DCF
Growth DCF 32,044 KRW 55,921 KRW 98,368 KRW 80
Rev-Margin DCF 24,309 KRW 39,804 KRW 59,500 KRW 74
Economic Profit
Residual Income 9,514 KRW 12,618 KRW 55,268 KRW 76
ROIC Compounder 23,146 KRW 30,065 KRW 38,598 KRW 72
Growth Earnings
Growth-Adj P/E 17,640 KRW 25,199 KRW 32,759 KRW 68

Widest divergence: DCF Models (41,776 KRW) versus Asset-Based (4,621 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.0T KRW
Revenue growth (YoY) +25.0%
Net margin 4.3%
Return on equity 22.1%
Free cash flow 70.4B KRW FY2025
Operating margin 7.0%
More key figures
Dividend yield 0.4%
EPS growth (YoY) +10.0%
Net debt 93.9B KRW FY2025

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

Quality Score breakdown

Overall quality 69/100

Of which business quality 67 · Market factors (momentum, volatility) 37

Profitability 59
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 9
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 81
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

LS Eco Energy Ltd. manufactures and sells cables for the electricity boards and news agencies worldwide. It offers overhead wires; LV/MV and HV power cables; and communication cables comprising UTP, optical fiber, and shielding cables. The company was founded in 2015 and is headquartered in Seoul, South Korea. LS Eco Energy Ltd.

Full company description

LS Eco Energy Ltd. manufactures and sells cables for the electricity boards and news agencies worldwide. It offers overhead wires; LV/MV and HV power cables; and communication cables comprising UTP, optical fiber, and shielding cables. The company was founded in 2015 and is headquartered in Seoul, South Korea. LS Eco Energy Ltd. is a subsidiary of LS Cable & System Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LS Eco Energy Ltd reported revenue of 960B KRW in FY2025 versus 751B KRW in FY2021, a compound +6.3%/yr. Reported net income was 42.1B KRW in FY2025, compounding +30.1%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
960B KRW
Latest YoY
+10.5%
Avg. growth/yr (3Y)
+5.5%
Avg. growth/yr (5Y)
+10.6%
Avg. growth/yr (10Y)
+12.3%
Revenue +6.3%/yr
FY21 751B KRW
FY22 818B KRW
FY23 731B KRW
FY24 869B KRW
FY25 960B KRW
Net income +30.1%/yr
FY21 14.7B KRW
FY22 −1.9B KRW
FY23 4.1B KRW
FY24 31.2B KRW
FY25 42.1B KRW

229640 screens 37% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "LS Eco Energy Ltd Fair Value". https://www.fairvalue-calculator.com/stock/229640

Peer Group

Electrical Equipment & Parts · 528 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 69 · Top 25%
Fair Value upside −37% · Above median
Return on equity (TTM) 22% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 4% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth 25% · Above median
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts 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.

VALUE 0 · sector 0
FUTURE 100 · sector 57
PAST 88 · sector 26
HEALTH 98 · sector 97
DIVIDEND 12 · sector 18

VALUE 0: the price sits above our fair-value range.

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is LS Eco Energy Ltd (229640) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 28,636 KRW versus a price of 45,450 KRW, about −37% (overvalued).
What is the fair value of 229640?
Our model-based fair value for LS Eco Energy Ltd is 28,636 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 45,450 KRW.
What is the quality score of 229640?
LS Eco Energy Ltd has a Quality Score of 69/100. 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 LS Eco Energy Ltd (229640)?
LS Eco Energy Ltd reported trailing-twelve-month revenue of about 1.0T KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 229640?
The net profit margin of LS Eco Energy Ltd is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.
Does LS Eco Energy Ltd pay a dividend?
LS Eco Energy Ltd currently shows a dividend yield of about 0.43% 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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