Sangshin Electronics Co. Ltd (263810) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Sangshin Electronics Co. Ltd KRW 2,548, price KRW 2,555, upside -0.3%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Sangshin Electronics Co., Ltd. manufactures and sells electrical and electronic parts in South Korea.
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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.
Stock analysis
Sangshin Electronics Co. Ltd (263810) currently trades at 2,555 KRW, while our model-based Fair Value estimate is 2,548 KRW, implying the stock looks roughly 0.3% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 3,175 KRW per share, and 15 of the 24 models we run sit above the 2,555 KRW price.
Bear case: the Earnings-Based group reads lowest at 690.50 KRW, and 9 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 1,906 KRW (bear) to 3,240 KRW (bull), the price of 2,555 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 40.7B KRW (≈ $29.9M) · P/S ratio 0.31 · Net margin 1.3% · Return on equity 2.6% · Return on assets (EBIT) 0.4% · Operating margin −1.7% · Revenue (TTM) 130B KRW · Revenue growth (YoY) +2.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at 0%, 263810 screens cheaper than that median.
Fair Value models
Bear 1,906 KRWFair Value 2,548 KRWBull 3,240 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.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.−6% vs −14%, 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%
Start year 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).
+13.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +11.2% a year for the price.
Compare Sangshin Electronics Co. Ltd with another stock
Price, fair value, quality and upside side by side.
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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 · 655 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside0% · Above median
Profitability
Return on equity (TTM)3% · Below median
Return on assets1% · Below median
Net margin (TTM)1% · Below median
Operating margin (TTM)−2% · Bottom 25%
Growth and dividend
Revenue growth3% · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Is Sangshin Electronics Co. Ltd (263810) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2,548 KRW versus a price of 2,555 KRW, about −0% upside (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 Sep 24, 2026), built from audited fundamentals. The current price: 2,555 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 Sep 24, 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 −0% upside versus a price of 2,555 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 130B KRW (latest available figure, as of Sep 24, 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 +13.5 % 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. As of Sep 24, 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 0.41, 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 +13.5 % per year a year over ten years, 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 +13.5 % per year free-cash-flow growth a 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 +1.8 % a year. That is the yardstick for the growth priced into Sangshin Electronics Co. Ltd (+13.5 % per year a 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 3.57 %: 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 Sep 24, 2026), against a price of 2,555 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Sangshin Electronics Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 263810 trades above its calculated fair value: price 2,555 KRW, fair value 2,548 KRW, a gap of about −0% (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 (2,555 KRW); the fair value is what the company's own numbers justify (2,548 KRW). For Sangshin Electronics Co. Ltd the two are 6.74 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 40.7B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 2,555 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 Sep 24, 2026, price 2,555 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sangshin Electronics Co. Ltd (263810)?
Balance-sheet figures for Sangshin Electronics Co. Ltd (as of Sep 24, 2026): return on equity 2.6%. 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 2,555 KRW, about 35% below its 52-week high of 3,910 KRW and 8% above the low of 2,355 KRW (as of Sep 23, 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, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Sep 24, 2026: price 2,555 KRW, calculated fair value 2,548 KRW (−0%), 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 2,548 KRW, 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. 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 Sep 23, 2026 was 2,555 KRW. Our model-based fair value is 2,548 KRW, about −0% upside (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. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate 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 40.7B KRW (≈ $29.9M). 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 0.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Sangshin Electronics Co. Ltd (263810)?
The net margin of Sangshin Electronics Co. Ltd is 1.3% (fiscal year 2025). 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 2.6% (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 −1.7% (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 +2.8% 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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