Sangshin Electronics Co. Ltd (263810) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Sangshin Electronics Co. Ltd stock KRW 2,548, price KRW 2,720, that is 6.3% below the price, quality 46 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 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 4, 2026.
How to read this chart
60‑month range 2,355 KRW – 7,620 KRW · fair‑value band 1,906 KRW – 3,240 KRW · the 2,720 KRW price screens above the 2,548 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Sangshin Electronics Co., Ltd. manufactures and sells electrical and electronic parts in South Korea.
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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.
Stock analysis
Sangshin Electronics Co. Ltd (263810) currently trades at 2,720 KRW, while our model-based Fair Value estimate is 2,548 KRW, so the stock looks roughly fairly valued today (gap 6.7%).
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Valuation
Bull case: the Multiples group reads highest at a median of 3,402 KRW per share, and 14 of the 24 models we run sit above the 2,720 KRW price.
Bear case: the Earnings-Based group reads lowest at 1,473 KRW, and 10 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,906 KRW (bear) to 3,240 KRW (bull), the price of 2,720 KRW sits inside 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 46/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sangshin Electronics Co. Ltd 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.
Key figures
Market cap 43.3B KRW (≈ $32.0M) Micro · P/E ratio 21.2 · P/S ratio 0.33 · EPS (TTM) 128.76 KRW · Net margin 1.5% · Return on equity 3.9% · Return on assets (EBIT) 0.4% (5-year average) · Operating margin 0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −6%, 263810 screens cheaper than that median.
Fair Value models
Bear1,906 KRWFair Value 2,548 KRWBull3,240 KRW
Price 2,720 KRW · Downside -6.3%
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 (110.42 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.
Best data coverage
FCF DCF2,213 KRW3,062 KRW4,364 KRW81
Growth DCF2,243 KRW2,998 KRW4,089 KRW79
Owner Earnings2,267 KRW3,144 KRW4,492 KRW77
All 24 models by family
DCF Models
FCF DCF2,213 KRW3,062 KRW4,364 KRW81
Owner Earnings2,267 KRW3,144 KRW4,492 KRW77
5Y Revenue Exit2,128 KRW2,977 KRW4,054 KRW73
5Y EBITDA Exit3,521 KRW5,572 KRW7,971 KRW75
5Y P/E Exit2,545 KRW3,754 KRW5,017 KRW71
10Y Revenue Exit2,100 KRW2,884 KRW3,925 KRW67
10Y EBITDA Exit3,036 KRW4,692 KRW6,920 KRW68
10Y P/E Exit2,412 KRW3,425 KRW4,661 KRW64
Earnings-Based
Graham-Dodd740.60 KRW2,255 KRW2,993 KRW65
Lynch FV483.35 KRW690.50 KRW897.65 KRW61
PEG = 1.0483.35 KRW690.50 KRW897.65 KRW57
EPV2,085 KRW2,321 KRW2,528 KRW74
Multiples
P/E Multiple2,287 KRW3,050 KRW3,812 KRW63
P/S Multiple1,389 KRW1,851 KRW2,314 KRW58
P/B Multiple3,764 KRW5,019 KRW6,274 KRW55
EV/EBIT2,788 KRW3,754 KRW4,720 KRW66
EV/EBITDA3,855 KRW5,177 KRW6,499 KRW67
EV/Revenue1,355 KRW1,983 KRW2,611 KRW53
Asset-Based
NCAV (Graham)1,302 KRW1,972 KRW2,465 KRW54
Growth DCF
Growth DCF2,243 KRW2,998 KRW4,089 KRW79
Rev-Margin DCF2,128 KRW2,980 KRW3,954 KRW73
Economic Profit
Residual Income2,429 KRW2,374 KRW2,432 KRW71
ROIC Compounder2,085 KRW2,321 KRW2,528 KRW72
Growth Earnings
Growth-Adj P/E1,829 KRW2,612 KRW3,396 KRW67
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.3%
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.
+5.1%
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.
+8.3%
Start year 2020 (pandemic). Over 10 years: +6.8% 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.
+6.8%
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What shareholders gained per year (last 5 years), in KRW ⓘ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. 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.
−5.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−5.6% vs −13.5%, picking up
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.4% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+14.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +12.3% a year for the price.
Compare Sangshin Electronics Co. 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.Electronic Components · 653 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−6.7% · Above median
Profitability
Return on equity (12 months)3.9% · Below median
Return on assets2.0% · Below median
Net margin (12 months)1.5% · Below median
Operating margin (12 months)0.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)10.1% · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)21.2× · Cheaper than median
P/B0.82× · Cheapest 25%
P/S (12 months)0.33× · Cheapest 25%
Price / free cash flow (fiscal year)29.9× · Pricier than median
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Is Sangshin Electronics Co. Ltd (263810) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 2,548 KRW versus a price of 2,720 KRW, about 6% lower (fairly valued).
What is the fair value of 263810?
Our model-based fair value for Sangshin Electronics Co. Ltd is 2,548 KRW (as of Nov 4, 2026), built from audited fundamentals. The current price: 2,720 KRW.
What is the quality score of 263810?
Sangshin Electronics Co. Ltd 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 price target for Sangshin Electronics Co. Ltd (263810)?
Our model-based price target is the fair value of 2,548 KRW (as of Nov 4, 2026) from 24 valuation models. Cautious scenario 1,906 KRW, optimistic scenario 3,240 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Sangshin Electronics Co. Ltd stock forecast for 2026?
Our models put fair value at 2,548 KRW, about 6% lower versus a price of 2,720 KRW (fairly valued). Cautious scenario 1,906 KRW, optimistic scenario 3,240 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Sangshin Electronics Co. Ltd (263810)?
Sangshin Electronics Co. Ltd reported trailing-twelve-month revenue of about 133B KRW (latest available figure, as of Nov 4, 2026).
What growth is priced into Sangshin Electronics Co. Ltd (263810)?
For today's price to be fair in a discounted-cash-flow model, Sangshin Electronics Co. Ltd would have to grow free cash flow by +14.7 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.3 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of 263810 use?
Our models discount Sangshin Electronics Co. Ltd at 8.9 %: a base by market capitalisation (nano), damped by beta 0.42, 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 Sangshin Electronics Co. Ltd that is +14.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Sangshin Electronics Co. Ltd (263810) delivered so far?
Over the past 5 years revenue at Sangshin Electronics Co. Ltd grew +8.3 % a year. The price currently implies free-cash-flow growth of +14.7 % 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 Sangshin Electronics Co. Ltd (263810) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into Sangshin Electronics Co. Ltd (+14.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sangshin Electronics Co. Ltd (263810)?
The free-cash-flow yield on the price is 3.36 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Sangshin Electronics Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sangshin Electronics Co. Ltd (263810)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sangshin Electronics Co. Ltd it is 2,548 KRW per share (as of Nov 4, 2026), against a price of 2,720 KRW. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sangshin Electronics Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 263810 trades above its calculated fair value: price 2,720 KRW, fair value 2,548 KRW, a gap of about −6% (fairly valued). 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 263810?
No. The price is what the market pays today (2,720 KRW); the fair value is what the company's own numbers justify (2,548 KRW). For Sangshin Electronics Co. Ltd the two are 171.74 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Sangshin Electronics Co. Ltd worth?
The market values Sangshin Electronics Co. Ltd at about 43.3B KRW (market capitalisation, as of Nov 4, 2026). Per share that is 2,720 KRW; our models calculate a fair value of 2,548 KRW per share.
What do the bullish and bearish scenarios say about 263810?
Our models span a range for Sangshin Electronics Co. Ltd: cautious scenario 1,906 KRW, base 2,548 KRW, optimistic 3,240 KRW per share (as of Nov 4, 2026, price 2,720 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 263810?
Sangshin Electronics Co. Ltd trades at a price-to-earnings ratio of 21.2 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2,548 KRW is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 28.8. Other multiples: P/B 0.8, P/S 0.3, EV/EBITDA 13.7.
How solid is the balance sheet of Sangshin Electronics Co. Ltd (263810)?
Balance-sheet figures for Sangshin Electronics Co. Ltd (as of Nov 4, 2026): return on equity 3.9%. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 263810 from its 52-week high?
Sangshin Electronics Co. Ltd trades at 2,720 KRW, about 19% below its 52-week high of 3,370 KRW and 15% above the low of 2,355 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 2,548 KRW is for.
Which stocks are comparable to Sangshin Electronics Co. Ltd?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, 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 Sangshin Electronics Co. Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price 2,720 KRW, calculated fair value 2,548 KRW (−6%), Quality Score 46/100, from 24 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 263810 calculated?
We run Sangshin Electronics Co. Ltd through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2,548 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 13.3% above its aggregate fair value. Sangshin Electronics Co. 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 Sangshin Electronics Co. Ltd (263810)?
The closing price on Nov 9, 2026 was 2,720 KRW. Our model-based fair value is 2,548 KRW, about 6% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sangshin Electronics Co. Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Sangshin Electronics Co. Ltd
How large is the market capitalisation of Sangshin Electronics Co. Ltd (263810)?
The market capitalisation of Sangshin Electronics Co. Ltd is 43.3B KRW (≈ $32.0M). 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 Sangshin Electronics Co. Ltd (263810)?
The price-to-sales ratio of Sangshin Electronics Co. Ltd is 0.33 (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 Sangshin Electronics Co. Ltd (263810)?
Earnings per share at Sangshin Electronics Co. Ltd are 128.76 KRW (price ÷ EPS = P/E 21.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sangshin Electronics Co. Ltd (263810)?
The net margin of Sangshin Electronics Co. Ltd is 1.5% (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 Sangshin Electronics Co. Ltd (263810)?
The return on equity (ROE) of Sangshin Electronics Co. Ltd is 3.9% (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 Sangshin Electronics Co. Ltd (263810)?
On an EBIT basis the return on assets of Sangshin Electronics Co. Ltd is 0.4% (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 Sangshin Electronics Co. Ltd (263810)?
The operating margin of Sangshin Electronics Co. Ltd is 0.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sangshin Electronics Co. Ltd (263810)?
Revenue at Sangshin Electronics Co. Ltd is growing +10.1% versus a year earlier (3y avg +5.1%). 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 Sangshin Electronics Co. Ltd (263810)?
Earnings per share at Sangshin Electronics Co. Ltd are growing −67.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sangshin Electronics Co. Ltd (263810) carry?
The net debt of Sangshin Electronics Co. Ltd is 1.7B KRW (fiscal year 2025, ≈ 1.2 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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Some data
Nov 4, 2026