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Sangshin Electronics Co (263810) Fair Value & Analysis

Technology · KR · Market cap 39.8B KRW

SE Sangshin Electronics Co 263810 · KQ
Price2,610 KRW
Fair Value1,405 KRW
Upside-46.2%
Quality46/100
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Healthy Growth
Thin margins · 1.0% net margin
Low debt · generates free cash flow
Trails peers (2/9)
Narrow moat 24/100
Evidence: High Range 1,030 KRW – 1,779 KRW Share as image

Fair value as of: Jul 20, 2026

From 26 valuation models · updated 21 days ago

Share price +7.4% over the past month.

Below-average quality, and screening another 46% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,779 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

7,620 KRW 2,355 KRW Fair Value 1,405 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 2,355 KRW – 7,620 KRW · fair‑value band 1,030 KRW – 1,779 KRW · the 2,610 KRW price screens above the 1,405 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Sangshin Electronics Co (263810) currently trades at 2,610 KRW, while our model-based Fair Value estimate is 1,405 KRW, implying the stock looks roughly 46.2% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Technology 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, Sangshin Electronics Co generated revenue of 130B KRW at a net margin of 1.0%. Revenue grew 2.8% year over year. It earns a return on equity of 2.6%. Net debt stands at 1.7B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 1,030 KRW (bear case) to 1,779 KRW (bull case); at 2,610 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 38% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -46%, 263810 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 1,737 KRW 2,238 KRW 2,953 KRW 80
Residual Income 2,425 KRW 2,373 KRW 2,049 KRW 76
Rev-Margin DCF 1,955 KRW 2,774 KRW 3,706 KRW 74
All 26 models by family
DCF Models
FCF DCF 1,718 KRW 2,282 KRW 3,137 KRW 38
Owner Earnings 1,941 KRW 2,627 KRW 3,667 KRW 31
5Y Revenue Exit 1,955 KRW 2,780 KRW 3,835 KRW 39
5Y EBITDA Exit 1,812 KRW 2,513 KRW 3,325 KRW 41
5Y P/E Exit 1,709 KRW 2,321 KRW 2,958 KRW 38
10Y Revenue Exit 1,815 KRW 2,547 KRW 3,532 KRW 36
10Y EBITDA Exit 1,768 KRW 2,362 KRW 3,145 KRW 37
10Y P/E Exit 1,703 KRW 2,229 KRW 2,865 KRW 35
Earnings-Based
Graham-Dodd 740.60 KRW 2,255 KRW 2,993 KRW 54
Lynch FV 483.35 KRW 690.50 KRW 897.65 KRW 50
PEG = 1.0 483.35 KRW 690.50 KRW 897.65 KRW 46
EPV 2,068 KRW 2,298 KRW 2,499 KRW 59
Dividend Discount
Gordon GGM 397.91 KRW 827.34 KRW 1,312 KRW 70
DDM Multi-Stage 397.91 KRW 651.72 KRW 868.32 KRW 61
Multiples
P/E Multiple 1,144 KRW 1,525 KRW 1,906 KRW 63
P/S Multiple 1,389 KRW 1,851 KRW 2,314 KRW 58
P/B Multiple 1,389 KRW 1,851 KRW 2,314 KRW 55
EV/EBIT 1,895 KRW 2,298 KRW 2,700 KRW 53
EV/EBITDA 2,010 KRW 2,450 KRW 2,891 KRW 54
EV/Revenue 2,153 KRW 2,781 KRW 3,408 KRW 43
Asset-Based
NCAV (Graham) 1,658 KRW 2,221 KRW 3,315 KRW 50
Growth DCF
Growth DCF 1,737 KRW 2,238 KRW 2,953 KRW 80
Rev-Margin DCF 1,955 KRW 2,774 KRW 3,706 KRW 74
Economic Profit
Residual Income 2,425 KRW 2,373 KRW 2,049 KRW 76
ROIC Compounder 2,068 KRW 2,298 KRW 2,499 KRW 72
Growth Earnings
Growth-Adj P/E 986.87 KRW 1,410 KRW 1,833 KRW 68

Widest divergence: DCF Models (2,362 KRW) versus Dividend Discount (651.72 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 130B KRW
Revenue growth (YoY) +2.8%
Net margin 1.0%
Return on equity 2.6%
Free cash flow 1.5B KRW FY2025
Operating margin -1.7%
More key figures
EPS growth (YoY) -68.9%
Net debt 1.7B KRW FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 48 · Market factors (momentum, volatility) 32

Profitability 39
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 22
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

Sangshin Electronics Co., Ltd. manufactures and sells electrical and electronic parts in South Korea. The company offers noise filters that are used in white household appliances, such as washing machines, air conditioners, refrigerators, dryers, stylers, microwaves, cleaners, and water purifiers; and reactors are used in energy-saving white goods, solar …

Full company description

Sangshin Electronics Co., Ltd. manufactures and sells electrical and electronic parts in South Korea. The company offers noise filters that are used in white household appliances, such as washing machines, air conditioners, refrigerators, dryers, stylers, microwaves, cleaners, and water purifiers; and reactors are used in energy-saving white goods, solar power, ESS, self-regenerative braking devices, and electric vehicles. It also provides coils for use in electrical appliances, including rice cookers, electric ranges, air cleaners, power supply devices, etc. Sangshin Electronics Co., Ltd. was founded in 1988 and is headquartered in Gimhae-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sangshin Electronics Co reported revenue of 129B KRW in FY2025 versus 103B KRW in FY2021, a compound +5.8%/yr. Reported net income was 1.7B KRW in FY2025, compounding −4.4%/yr from FY2021.

Growth Quality 72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
129B KRW
Latest YoY
+3.3%
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.
+5.1%
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.
+8.3%
Avg. growth/yr (10Y) 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.
+6.8%
Revenue +5.8%/yr
FY21 103B KRW
FY22 111B KRW
FY23 110B KRW
FY24 125B KRW
FY25 129B KRW
Net income −4.4%/yr
FY21 2.1B KRW
FY22 1.1B KRW
FY23 2.2B KRW
FY24 2.4B KRW
FY25 1.7B KRW

263810 screens 46% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Sangshin Electronics Co Fair Value". https://www.fairvalue-calculator.com/stock/263810

Peer Group

Electronic Components · 625 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 46 · Below median
Fair Value upside −46% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 3% · Below median

Valuation Multiples vs Electronic Components 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 14 · sector 32
PAST 10 · sector 24
HEALTH 100 · sector 95
DIVIDEND 0 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Sangshin Electronics Co (263810) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 1,405 KRW versus a price of 2,610 KRW, about −46% (overvalued).
What is the fair value of 263810?
Our model-based fair value for Sangshin Electronics Co is 1,405 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 2,610 KRW.
What is the quality score of 263810?
Sangshin Electronics Co has a Quality Score of 46/100. 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 Sangshin Electronics Co (263810)?
Sangshin Electronics Co reported trailing-twelve-month revenue of about 130B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 263810?
The net profit margin of Sangshin Electronics Co is about 1.0%, meaning it keeps roughly 1.0% 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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