Ls Cable & System Asia Ltd (229640) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ls Cable & System Asia Ltd stock KRW 28,358, price KRW 37,950, that is 25.3% below the price, quality 70 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 6,058 KRW – 93,400 KRW · fair‑value band 20,502 KRW – 36,056 KRW · the 37,950 KRW price screens above the 28,358 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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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.
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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.
Stock analysis
Ls Cable & System Asia Ltd (229640) currently trades at 37,950 KRW, while our model-based Fair Value estimate is 28,358 KRW, 25% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 32,965 KRW per share, and 1 of the 26 models we run sit above the 37,950 KRW price.
Bear case: the Dividend Discount group reads lowest at 2,945 KRW, and 25 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 20,502 KRW (bear) to 36,056 KRW (bull), the price of 37,950 KRW sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Ls Cable & System Asia 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.
Key figures
Market cap 1.2T KRW (≈ $863M) Small · P/E ratio 37.5 · P/S ratio 1.05 · EPS (TTM) 1,447 KRW · Dividend yield 0.7% · Net margin 4.0% · Return on equity 21.8% · Return on assets (EBIT) 8.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −25%, 229640 screens cheaper than that median.
Fair Value models
Bear20,502 KRWFair Value 28,358 KRWBull36,056 KRW
Price 37,950 KRW · Downside -25.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1,023 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+10.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+10.6%
Start year 2020 (pandemic). Over 10 years: +12.3% a year
Revenue growth 10 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.3%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+38.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+38.2%
Dividend (yield on the price)0.7%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 7%
2025 sits 138% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+15.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +13.4% a year for the price and +13.2% for the forecasts.
Compare Ls Cable & System Asia Ltd with another stock
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Peer Groupⓘ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.Electrical Equipment & Parts · 564 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−25.3% · Above median
Profitability
Return on equity (12 months)21.8% · Top 25%
Return on assets8.6% · Top 25%
Net margin (12 months)4.0% · Below median
Operating margin (12 months)7.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)40.0% · Top 25%
Dividend yield (12 months)0.7% · Below median
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (12 months)37.5× · Pricier than median
P/B5.62× · Priciest 25%
P/S (12 months)1.05× · Cheaper than median
Price / free cash flow (fiscal year)16.7× · Cheaper than median
EV/EBITDA14.2× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 66
PAST (return on equity)87· sector 25
HEALTH (low debt)98· sector 97
DIVIDEND (yield)13· sector 23
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ls Cable & System Asia Ltd Fair Value". https://www.fairvalue-calculator.com/stock/229640
Frequently asked questions
Is Ls Cable & System Asia Ltd (229640) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 28,358 KRW versus a price of 37,950 KRW, about 25% lower (overvalued).
What is the fair value of 229640?
Our model-based fair value for Ls Cable & System Asia Ltd is 28,358 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 37,950 KRW.
What is the quality score of 229640?
Ls Cable & System Asia Ltd has a Quality Score of 70/100. 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 price target for Ls Cable & System Asia Ltd (229640)?
Our model-based price target is the fair value of 28,358 KRW (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 20,502 KRW, optimistic scenario 36,056 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Ls Cable & System Asia Ltd stock forecast for 2026?
Our models put fair value at 28,358 KRW, about 25% lower versus a price of 37,950 KRW (overvalued). Cautious scenario 20,502 KRW, optimistic scenario 36,056 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Ls Cable & System Asia Ltd (229640)?
Ls Cable & System Asia Ltd reported trailing-twelve-month revenue of about 1.1T KRW (latest available figure, as of Nov 5, 2026).
Does Ls Cable & System Asia Ltd pay a dividend?
Ls Cable & System Asia Ltd currently shows a dividend yield of 0.66% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Ls Cable & System Asia Ltd (229640) and when is the ex-dividend date?
Ls Cable & System Asia Ltd pays a dividend of 250.00 KRW per share a year, a dividend yield of 0.7%. The last ex-dividend date was Feb 26, 2026. The payout ratio is 17.3% of earnings. Free cash flow covers the dividend 9.20 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Ls Cable & System Asia Ltd (229640)?
For today's price to be fair in a discounted-cash-flow model, Ls Cable & System Asia Ltd would have to grow free cash flow by +15.8 % per year for five years (discount rate 13.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.6 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 229640 use?
Our models discount Ls Cable & System Asia Ltd at 13.4 %: a base by market capitalisation (small), damped by beta 1.62, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ls Cable & System Asia Ltd that is +15.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.4 %) and the same formula as our fair value.
How much growth has Ls Cable & System Asia Ltd (229640) delivered so far?
Over the past 5 years revenue at Ls Cable & System Asia Ltd grew +10.6 % a year. The price currently implies free-cash-flow growth of +15.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ls Cable & System Asia Ltd (229640) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Ls Cable & System Asia Ltd (+15.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ls Cable & System Asia Ltd (229640)?
The free-cash-flow yield on the price is 6.12 %: that much free cash flow Ls Cable & System Asia Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ls Cable & System Asia Ltd (229640)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ls Cable & System Asia Ltd it is 28,358 KRW per share (as of Nov 5, 2026), against a price of 37,950 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Ls Cable & System Asia Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 229640 trades above its calculated fair value: price 37,950 KRW, fair value 28,358 KRW, a gap of about −25% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 229640?
No. The price is what the market pays today (37,950 KRW); the fair value is what the company's own numbers justify (28,358 KRW). For Ls Cable & System Asia Ltd the two are 9,592 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Ls Cable & System Asia Ltd worth?
The market values Ls Cable & System Asia Ltd at about 1.2T KRW (market capitalisation, as of Nov 5, 2026). Per share that is 37,950 KRW; our models calculate a fair value of 28,358 KRW per share.
What do the bullish and bearish scenarios say about 229640?
Our models span a range for Ls Cable & System Asia Ltd: cautious scenario 20,502 KRW, base 28,358 KRW, optimistic 36,056 KRW per share (as of Nov 5, 2026, price 37,950 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 229640?
Ls Cable & System Asia Ltd trades at a price-to-earnings ratio of 37.5 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 28,358 KRW is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 21.2. Other multiples: P/B 5.6, P/S 1.1, EV/EBITDA 14.2.
How solid is the balance sheet of Ls Cable & System Asia Ltd (229640)?
Balance-sheet figures for Ls Cable & System Asia Ltd (as of Nov 5, 2026): return on equity 21.8%, debt of 0.05 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 229640 from its 52-week high?
Ls Cable & System Asia Ltd trades at 37,950 KRW, about 59% below its 52-week high of 93,400 KRW and 11% above the low of 34,050 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 28,358 KRW is for.
Which stocks are comparable to Ls Cable & System Asia Ltd?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ls Cable & System Asia Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 37,950 KRW, calculated fair value 28,358 KRW (−25%), Quality Score 70/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 229640 calculated?
We run Ls Cable & System Asia Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 28,358 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Ls Cable & System Asia Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ls Cable & System Asia Ltd (229640)?
The closing price on Nov 6, 2026 was 37,950 KRW. Our model-based fair value is 28,358 KRW, about 25% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ls Cable & System Asia Ltd right now?
The price sits above even our optimistic bull case (36,056 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (70/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Ls Cable & System Asia Ltd
How large is the market capitalisation of Ls Cable & System Asia Ltd (229640)?
The market capitalisation of Ls Cable & System Asia Ltd is 1.2T KRW (≈ $863M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ls Cable & System Asia Ltd (229640)?
The price-to-sales ratio of Ls Cable & System Asia Ltd is 1.05 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ls Cable & System Asia Ltd (229640)?
Earnings per share at Ls Cable & System Asia Ltd are 1,447 KRW (price ÷ EPS = P/E 37.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ls Cable & System Asia Ltd (229640)?
The dividend yield of Ls Cable & System Asia Ltd is 0.7% (payout 17.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ls Cable & System Asia Ltd (229640)?
The net margin of Ls Cable & System Asia Ltd is 4.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ls Cable & System Asia Ltd (229640)?
The return on equity (ROE) of Ls Cable & System Asia Ltd is 21.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ls Cable & System Asia Ltd (229640)?
On an EBIT basis the return on assets of Ls Cable & System Asia Ltd is 8.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ls Cable & System Asia Ltd (229640)?
The operating margin of Ls Cable & System Asia Ltd is 7.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ls Cable & System Asia Ltd (229640)?
Revenue at Ls Cable & System Asia Ltd is growing +40.0% versus a year earlier (3y avg +5.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ls Cable & System Asia Ltd (229640)?
Earnings per share at Ls Cable & System Asia Ltd are growing +5.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ls Cable & System Asia Ltd (229640) carry?
The net debt of Ls Cable & System Asia Ltd is 93.9B KRW (fiscal year 2025, ≈ 1.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 5, 2026