Esr Kendall Square Reit Co Ltd (365550) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Esr Kendall Square Reit Co Ltd KRW 1,301, price KRW 3,250, upside -60.0%, quality 39 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 2,512 KRW – 5,596 KRW · fair‑value band 746.65 KRW – 1,741 KRW · the 3,250 KRW price screens above the 1,301 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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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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. 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 3,250 KRW, while our model-based Fair Value estimate is 1,301 KRW, implying the stock looks roughly 149.9% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 3,172 KRW per share, and 0 of the 3 models we run sit above the 3,250 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,517 KRW, and 3 of the 3 models stay below the price. Evidence for this calculation is medium.
Scenario range: 746.65 KRW (bear) to 1,741 KRW (bull), the price of 3,250 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 39/100 (below-average 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 59.6B KRW in FY2025 versus 30.1B KRW in FY2021, a compound +18.6%/yr. Reported net income was −3.4B KRW in FY2025.
Key figures
Market cap 800B KRW (≈ $560M) · Dividend yield 8.6% · Net margin −5.8% · Return on equity 397% · Return on assets (EBIT) 1.2% · Free cash flow 8.8B KRW · Net debt 1.4T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 28% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −11% fair-value upside, at −60%, 365550 screens richer than that median.
Fair Value models
Bear 746.65 KRWFair Value 1,301 KRWBull 1,741 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.73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.7%
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.
+8.4%
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
49.0% (2021) → 43.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
+69.9%
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 +66.4% 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 · 55 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−60% · Bottom 25%
Profitability
Return on equity (TTM)397% · Top 25%
Return on assets0% · Bottom 25%
Net margin (TTM)−6% · Bottom 25%
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)8.6% · Top 25%
Balance sheet
Debt / equity1.23× · Highest 25%
Valuation Multiplesvs REIT - Industrial median · lower = cheaper
P/FCF0.1× · Cheapest 25%
EV/EBITDA21.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 16
FUTURE (revenue growth)0· sector 16
PAST (return on equity)100· sector 29
HEALTH (low debt)39· sector 77
DIVIDEND (yield)100· sector 100
VALUE 0: the price sits above our fair-value range.
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 Sep 24, 2026, our model estimates a fair value of 1,301 KRW versus a price of 3,250 KRW, about −60% upside (overvalued).
What is the fair value of 365550?
Our model-based fair value for Esr Kendall Square Reit Co Ltd is 1,301 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 3,250 KRW.
What is the quality score of 365550?
Esr Kendall Square Reit Co Ltd has a Quality Score of 39/100. 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 1,301 KRW (as of Sep 24, 2026) from 3 valuation models. Cautious scenario 746.65 KRW, optimistic scenario 1,741 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 1,301 KRW, about −60% upside versus a price of 3,250 KRW (overvalued). Cautious scenario 746.65 KRW, optimistic scenario 1,741 KRW. The calculation is refreshed regularly with new filings.
Does Esr Kendall Square Reit Co Ltd pay a dividend?
Esr Kendall Square Reit Co Ltd currently shows a dividend yield of about 8.55% relative to its recent price (as of Sep 24, 2026).
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 +69.9 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +18.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 365550 use?
Our models discount Esr Kendall Square Reit Co Ltd at 11.6 %: a base by market capitalisation (small), 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 +69.9 % per year a year over ten years, using the same discount rate (11.6 %) 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 4 years revenue at Esr Kendall Square Reit Co Ltd grew +18.6 % a year. The price currently implies +69.9 % 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 Esr Kendall Square Reit Co Ltd (365550) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Esr Kendall Square Reit Co Ltd (+69.9 % 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 Esr Kendall Square Reit Co Ltd (365550)?
The free-cash-flow yield on the price is 1.10 %: 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 (11.6 %), 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 1,301 KRW per share (as of Sep 24, 2026), against a price of 3,250 KRW. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Esr Kendall Square Reit Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 365550 trades above its calculated fair value: price 3,250 KRW, fair value 1,301 KRW, a gap of about −60% (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 (3,250 KRW); the fair value is what the company's own numbers justify (1,301 KRW). For Esr Kendall Square Reit Co Ltd the two are 1,949 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 800B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 3,250 KRW; our models calculate a fair value of 1,301 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 746.65 KRW, base 1,301 KRW, optimistic 1,741 KRW per share (as of Sep 24, 2026, price 3,250 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
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 Sep 24, 2026): return on equity 397.4%, debt of 1.23 per unit of equity. They feed the Quality Score of 39/100, 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 3,250 KRW, about 28% below its 52-week high of 4,532 KRW and 9% above the low of 2,985 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 1,301 KRW is for.
Which stocks are comparable to Esr Kendall Square Reit Co Ltd?
From the same area (Real Estate) we also value Public Storage, a member of the S&P 500,, Prologis, Inc, 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 Sep 24, 2026: price 3,250 KRW, calculated fair value 1,301 KRW (−60%), Quality Score 39/100, from 3 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 3 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 1,301 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 14.1 % 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 Sep 23, 2026 was 3,250 KRW. Our model-based fair value is 1,301 KRW, about −60% upside (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 (1,741 KRW). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (746.65 KRW to 1,741 KRW) leaves room in how you read the outcome. 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 800B KRW (≈ $560M). 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 dividend yield of Esr Kendall Square Reit Co Ltd (365550)?
The dividend yield of Esr Kendall Square Reit Co Ltd is 8.6%. 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 −5.8% (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 Esr Kendall Square Reit Co Ltd (365550)?
The return on equity (ROE) of Esr Kendall Square Reit Co Ltd is 397% (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 1.2% (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.
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 2025). 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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