Esr Kendall Square Reit Co Ltd (365550) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Esr Kendall Square Reit Co Ltd stock KRW 611, price KRW 2,830, that is 78.4% below the price, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 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 7, 2026.
How to read this chart
60‑month range 2,512 KRW – 5,596 KRW · fair‑value band 611.13 KRW – 2,445 KRW · the 2,830 KRW price screens above the 611.13 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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ESR Kendall Square REIT Co., Ltd. operates as a logistics real estate investment trust (REIT) in South Korea. It owns, develops, and operates logistics facilities.
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The company is also involved in investing and managing investment properties, including real estate acquisition, maintenance, improvement and disposal, development, and trade of real estate lease securities.
ESR Kendall Square REIT Co., Ltd. was incorporated in 2020 and is headquartered in Seoul, South Korea.
Stock analysis
Esr Kendall Square Reit Co Ltd (365550) currently trades at 2,830 KRW, while our model-based Fair Value estimate is 611.13 KRW, 78% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 3,097 KRW per share, and 2 of the 8 models we run sit above the 2,830 KRW price.
Bear case: the DCF Models group reads lowest at 380.89 KRW, and 6 of the 8 models stay below the price. Data coverage for this calculation is high.
Scenario range: 611.13 KRW (bear) to 2,445 KRW (bull), the price of 2,830 KRW sits above 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 58/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Esr Kendall Square Reit Co Ltd reported revenue of 65.6B KRW in FY2026 versus 46.7B KRW in FY2022, a compound +8.8%/yr. Reported net income was 6.4B KRW in FY2026, compounding −18.5%/yr from FY2022.
Key figures
Market cap 696B KRW (≈ $515M) Small · P/E ratio 54.3 · P/S ratio 5.31 · EPS (TTM) 51.88 KRW · Dividend yield 9.8% · Net margin 9.7% · Return on equity 1.2% · Return on assets (EBIT) 1.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades about 38% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −32% fair-value upside, at −78%, 365550 screens richer than that median.
Fair Value models
Bear611.13 KRWFair Value 611.13 KRWBull2,445 KRW
Price 2,830 KRW · Downside -78.4%
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.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.
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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.2%
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.
+7.4%
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.
+16.9%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
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.
−9.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.0%
Dividend (yield on the price)9.8%
Profit margin 2021 to 2026 ⓘ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.49% → 52%
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).
+42.9%
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 +40.0% a year for the price.
Compare Esr Kendall Square Reit 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.REIT - Industrial · 51 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Below median
Fair Value upside−78.4% · Bottom 25%
Profitability
Return on equity (12 months)1.2% · Bottom 25%
Return on assets0.2% · Bottom 25%
Net margin (12 months)9.7% · Bottom 25%
Operating margin (12 months)37.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)3.5% · Above median
Dividend yield (12 months)9.8% · Top 25%
Balance sheet
Debt / equity0.83× · Highest 25%
Valuation Multiplesvs REIT - Industrial median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Esr Kendall Square Reit Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/365550
Frequently asked questions
Is Esr Kendall Square Reit Co Ltd (365550) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 611.13 KRW versus a price of 2,830 KRW, about 78% lower (overvalued).
What is the fair value of 365550?
Our model-based fair value for Esr Kendall Square Reit Co Ltd is 611.13 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 2,830 KRW.
What is the quality score of 365550?
Esr Kendall Square Reit Co Ltd has a Quality Score of 58/100. 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 Esr Kendall Square Reit Co Ltd (365550)?
Our model-based price target is the fair value of 611.13 KRW (as of Nov 7, 2026) from 13 valuation models. Cautious scenario 611.13 KRW, optimistic scenario 2,445 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Esr Kendall Square Reit Co Ltd stock forecast for 2026?
Our models put fair value at 611.13 KRW, about 78% lower versus a price of 2,830 KRW (overvalued). Cautious scenario 611.13 KRW, optimistic scenario 2,445 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Esr Kendall Square Reit Co Ltd (365550)?
Esr Kendall Square Reit Co Ltd reported trailing-twelve-month revenue of about 131B KRW (latest available figure, as of Nov 7, 2026).
Does Esr Kendall Square Reit Co Ltd pay a dividend?
Esr Kendall Square Reit Co Ltd currently shows a dividend yield of 9.82% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Esr Kendall Square Reit Co Ltd (365550) and when is the ex-dividend date?
Esr Kendall Square Reit Co Ltd pays a dividend of 278.00 KRW per share a year, a dividend yield of 9.8%. The last ex-dividend date was May 28, 2026. A dividend has been paid every year since at least 2021. Free cash flow covers the dividend 0.32 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into Esr Kendall Square Reit Co Ltd (365550)?
For today's price to be fair in a discounted-cash-flow model, Esr Kendall Square Reit Co Ltd would have to grow free cash flow by +42.9 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.9 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 365550 use?
Our models discount Esr Kendall Square Reit Co Ltd at 10.2 %: a base by market capitalisation (small), damped by beta 0.37, 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 Esr Kendall Square Reit Co Ltd that is +42.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Esr Kendall Square Reit Co Ltd (365550) delivered so far?
Over the past 5 years revenue at Esr Kendall Square Reit Co Ltd grew +16.9 % a year. The price currently implies free-cash-flow growth of +42.9 % 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 Esr Kendall Square Reit Co Ltd (365550) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Esr Kendall Square Reit Co Ltd (+42.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Esr Kendall Square Reit Co Ltd (365550)?
The free-cash-flow yield on the price is 3.14 %: that much free cash flow Esr Kendall Square Reit Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Esr Kendall Square Reit Co Ltd (365550)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Esr Kendall Square Reit Co Ltd it is 611.13 KRW per share (as of Nov 7, 2026), against a price of 2,830 KRW. It is the blended result of 13 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Esr Kendall Square Reit Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 365550 trades above its calculated fair value: price 2,830 KRW, fair value 611.13 KRW, a gap of about −78% (overvalued). 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 365550?
No. The price is what the market pays today (2,830 KRW); the fair value is what the company's own numbers justify (611.13 KRW). For Esr Kendall Square Reit Co Ltd the two are 2,219 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Esr Kendall Square Reit Co Ltd worth?
The market values Esr Kendall Square Reit Co Ltd at about 696B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 2,830 KRW; our models calculate a fair value of 611.13 KRW per share.
What do the bullish and bearish scenarios say about 365550?
Our models span a range for Esr Kendall Square Reit Co Ltd: cautious scenario 611.13 KRW, base 611.13 KRW, optimistic 2,445 KRW per share (as of Nov 7, 2026, price 2,830 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 365550?
Esr Kendall Square Reit Co Ltd trades at a price-to-earnings ratio of 54.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 611.13 KRW is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2026), reported earnings: 152.1. Other multiples: P/B 0.6, P/S 5.3, EV/EBITDA 14.6.
How solid is the balance sheet of Esr Kendall Square Reit Co Ltd (365550)?
Balance-sheet figures for Esr Kendall Square Reit Co Ltd (as of Nov 7, 2026): return on equity 1.2%, debt of 0.83 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 365550 from its 52-week high?
Esr Kendall Square Reit Co Ltd trades at 2,830 KRW, about 38% below its 52-week high of 4,532 KRW and at the low of 2,830 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 611.13 KRW is for.
Which stocks are comparable to Esr Kendall Square Reit Co Ltd?
From the same area (Real Estate) we also value Prologis, Inc, Public Storage, Extra Space Storage Inc, EastGroup Properties, 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 Esr Kendall Square Reit Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 2,830 KRW, calculated fair value 611.13 KRW (−78%), Quality Score 58/100, from 13 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 365550 calculated?
We run Esr Kendall Square Reit Co Ltd through 13 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 611.13 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. Esr Kendall Square Reit 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 Esr Kendall Square Reit Co Ltd (365550)?
The closing price on Nov 6, 2026 was 2,830 KRW. Our model-based fair value is 611.13 KRW, about 78% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Esr Kendall Square Reit Co Ltd right now?
The price sits above even our optimistic bull case (2,445 KRW). The favourable scenario is already priced in. The model range is unusually wide (611.13 KRW to 2,445 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (58/100) 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.
Key figures of Esr Kendall Square Reit Co Ltd
How large is the market capitalisation of Esr Kendall Square Reit Co Ltd (365550)?
The market capitalisation of Esr Kendall Square Reit Co Ltd is 696B KRW (≈ $515M). 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 Esr Kendall Square Reit Co Ltd (365550)?
The price-to-sales ratio of Esr Kendall Square Reit Co Ltd is 5.31 (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 Esr Kendall Square Reit Co Ltd (365550)?
Earnings per share at Esr Kendall Square Reit Co Ltd are 51.88 KRW (price ÷ EPS = P/E 54.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Esr Kendall Square Reit Co Ltd (365550)?
The dividend yield of Esr Kendall Square Reit Co Ltd is 9.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Esr Kendall Square Reit Co Ltd (365550)?
The net margin of Esr Kendall Square Reit Co Ltd is 9.7% (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 Esr Kendall Square Reit Co Ltd (365550)?
The return on equity (ROE) of Esr Kendall Square Reit Co Ltd is 1.2% (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 Esr Kendall Square Reit Co Ltd (365550)?
On an EBIT basis the return on assets of Esr Kendall Square Reit Co Ltd is 1.3% (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 Esr Kendall Square Reit Co Ltd (365550)?
The operating margin of Esr Kendall Square Reit Co Ltd is 37.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Esr Kendall Square Reit Co Ltd (365550)?
Revenue at Esr Kendall Square Reit Co Ltd is growing +3.5% versus a year earlier (3y avg +7.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Esr Kendall Square Reit Co Ltd (365550) carry?
The net debt of Esr Kendall Square Reit Co Ltd is 1.4T KRW (fiscal year 2026, ≈ 65.6 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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Broad data
Nov 7, 2026