Shindo Eng. Lab., Ltd (290520) Fair Value & Analysis
Industrials · KR · Market cap 23.8B KRW
Fair value as of: Jul 21, 2026
From 15 valuation models · updated 21 days ago
Share price +6.1% over the past month.
A solid business, screening 50% undervalued on our models.
What matters now
- Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (1,466 KRW to 3,177 KRW) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.
How to read this chart
60‑month range 1,390 KRW – 9,500 KRW · fair‑value band 1,466 KRW – 3,177 KRW · the 1,643 KRW price screens below the 2,462 KRW fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Shindo Eng. Lab., Ltd (290520) currently trades at 1,643 KRW, while our model-based Fair Value estimate is 2,462 KRW, implying the stock looks roughly 49.9% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Shindo Eng. Lab., Ltd generated revenue of 32.6B KRW at a net margin of 10.2%. Revenue grew 110.7% year over year. It earns a return on equity of 5.7%. Fundamentals as of Jul 21, 2026
Our scenario range runs from 1,466 KRW (bear case) to 3,177 KRW (bull case); at 1,643 KRW, the current price sits within 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 53% below its 52-week high and 19% 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 50%, 290520 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.
All 15 models by family
Widest divergence: DCF Models (4,230 KRW) versus Earnings-Based (770.33 KRW). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 23
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
Shindo Eng. Lab., Ltd. engages in the manufacture and sale of display equipment in South Korea. Its products include OLED products, including 3D and 2D lamination, and roll lamination; LCD products, such as PI coater, rubbing M/C, spacer sprayer, assembly M/C, auto scribe, filling M/C, and end seal M/C; fuel cells; and other products comprising one drop …
Full company description
Shindo Eng. Lab., Ltd. engages in the manufacture and sale of display equipment in South Korea. Its products include OLED products, including 3D and 2D lamination, and roll lamination; LCD products, such as PI coater, rubbing M/C, spacer sprayer, assembly M/C, auto scribe, filling M/C, and end seal M/C; fuel cells; and other products comprising one drop filing, vacuum press, STA type, and tank type. The company was founded in 1989 and is headquartered in Siheung-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shindo Eng. Lab., Ltd reported revenue of 31.9B KRW in FY2025 versus 39.8B KRW in FY2021, a compound −5.4%/yr. Reported net income was 1.8B KRW in FY2025, compounding +2.5%/yr from FY2021.
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Peer Group
Specialty Industrial Machinery · 808 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.
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Eaton Corporation ETN | $407.28 | $171.92 | -58% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
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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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