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Koramco Life Infra Reit (357120) Fair Value & Analysis

Real Estate · KR · Market cap 397B KRW

KL Koramco Life Infra Reit 357120 · KO
Price4,260 KRW
Fair Value1,166 KRW
Upside-72.6%
Quality50/100
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Mixed Growth
Thin margins · 0.0% net margin
Moderate debt · generates free cash flow
8.17% dividend yield
Trails peers (2/10)
Narrow moat 30/100
Evidence: High Range 874.16 KRW – 1,457 KRW Share as image

Fair value as of: Jul 24, 2026

From 5 valuation models · updated 17 days ago

Share price +5.8% over the past month.

A solid business, but screening 73% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,457 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

5,403 KRW 3,239 KRW Fair Value 1,166 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 3,239 KRW – 5,403 KRW · fair‑value band 874.16 KRW – 1,457 KRW · the 4,260 KRW price screens above the 1,166 KRW fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Koramco Life Infra Reit (357120) currently trades at 4,260 KRW, while our model-based Fair Value estimate is 1,166 KRW, implying the stock looks roughly 72.6% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Real Estate 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).

Net debt stands at 677B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 874.16 KRW (bear case) to 1,457 KRW (bull case); at 4,260 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 14% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -22% fair-value upside, at -73%, 357120 screens richer 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
Residual Income 3,464 KRW 3,260 KRW 2,507 KRW 76
P/S Multiple 874.16 KRW 1,166 KRW 1,457 KRW 58
P/B Multiple 874.16 KRW 1,166 KRW 1,457 KRW 55
All 5 models by family
Multiples
P/S Multiple 874.16 KRW 1,166 KRW 1,457 KRW 58
P/B Multiple 874.16 KRW 1,166 KRW 1,457 KRW 55
EV/EBIT 322.03 KRW 53
Asset-Based
NCAV (Graham) 2,468 KRW 3,307 KRW 4,936 KRW 50
Economic Profit
Residual Income 3,464 KRW 3,260 KRW 2,507 KRW 76

Widest divergence: Asset-Based (3,307 KRW) versus Multiples (1,166 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Return on equity 574%
Free cash flow 3.1B KRW FY2025
Dividend yield 8.2%
Net debt 677B KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 47 · Market factors (momentum, volatility) 49

Profitability 24
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 90
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

Koramco Life Infra Reit operates as a real estate investment trust with 187 directly-managed gas stations in Korea. The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986 and would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders.

Full company description

Koramco Life Infra Reit operates as a real estate investment trust with 187 directly-managed gas stations in Korea. The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986 and would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Koramco Life Infra Reit is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Koramco Life Infra Reit reported revenue of 38.6B KRW in FY2025 versus 41.0B KRW in FY2021, a compound −1.5%/yr. Reported net income was 6.7B KRW in FY2025, compounding −24.2%/yr from FY2021.

Growth Quality 71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
38.6B KRW
Latest YoY
+10.6%
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.
+3.9%
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.
+9.5%
Revenue −1.5%/yr
FY21 41.0B KRW
FY22 34.4B KRW
FY23 34.1B KRW
FY24 34.9B KRW
FY25 38.6B KRW
Net income −24.2%/yr
FY21 20.2B KRW
FY22 −473M KRW
FY23 11.9B KRW
FY24 12.3B KRW
FY25 6.7B KRW

357120 screens 73% overvalued. Compare with Goodman Group →

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Cite: Fair Value Calculator (2026). "Koramco Life Infra Reit Fair Value". https://www.fairvalue-calculator.com/stock/357120

Peer Group

REIT - Diversified · 165 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 51 · Below median
Fair Value upside −73% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 8.2% · Top 25%
Debt / equity 1.39× · Higher than 75% of peers

Valuation Multiples vs REIT - Diversified median · lower = cheaper

P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 22.7× · Pricier 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 13
FUTURE 0 · sector 13
PAST 0 · sector 20
HEALTH 30 · sector 72
DIVIDEND 100 · sector 97

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 REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Goodman Group GMG A$29.11 A$7.37 -75%
VICI Properties Inc VICI $26.73 $41.74 +56%
W. P. Carey Inc WPC $76.69 $35.59 -54%
Charter Hall Group CHC A$21.90 A$11.46 -48%
Fibra Uno FUNO11 31.10 MXN 63.56 MXN +104%
COV COV €52.55 €62.39 +19%
The GPT Group GPT A$4.89 A$3.49 -29%
Mirvac Group MGR A$1.70 A$0.5700 -66%
KLCC Property Holdings 5235SS 8.85 MYR 6.91 MYR -22%
CRRUN CRRUN C$17.65 C$17.89 +1%

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Frequently asked questions

Is Koramco Life Infra Reit (357120) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 1,166 KRW versus a price of 4,260 KRW, about −73% (overvalued).
What is the fair value of 357120?
Our model-based fair value for Koramco Life Infra Reit is 1,166 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 4,260 KRW.
What is the quality score of 357120?
Koramco Life Infra Reit has a Quality Score of 50/100. 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 net profit margin of 357120?
The net profit margin of Koramco Life Infra Reit is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Koramco Life Infra Reit pay a dividend?
Koramco Life Infra Reit currently shows a dividend yield of about 8.00% relative to its recent price (as of Jul 24, 2026).

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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