SK Reit Co Ltd (395400) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of SK Reit Co Ltd KRW 1,519, price KRW 5,360, upside -71.7%, quality 41 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 23, 2026.
How to read this chart
60‑month range 3,208 KRW – 7,005 KRW · fair‑value band 1,139 KRW – 5,195 KRW · the 5,360 KRW price screens above the 1,519 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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SK Reits Co., Ltd. operates as a real estate investment trust. The company is based in Seoul, South Korea.
Stock analysis
SK Reit Co Ltd (395400) currently trades at 5,360 KRW, while our model-based Fair Value estimate is 1,519 KRW, implying the stock looks roughly 252.9% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 4,317 KRW per share, and 0 of the 6 models we run sit above the 5,360 KRW price.
Bear case: the Multiples group reads lowest at 1,519 KRW, and 6 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: 1,139 KRW (bear) to 5,195 KRW (bull), the price of 5,360 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 41/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
SK Reit Co Ltd reported revenue of 70.4B KRW in FY2025 versus 18.6B KRW in FY2021, a compound +39.5%/yr. Reported net income was 32.4B KRW in FY2025, compounding +38.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 1.6T KRW (≈ $1.1B) · Dividend yield 5.0% · Net margin 46.0% · Return on equity 332% · Return on assets (EBIT) 1.2% · Free cash flow 24.2B KRW · Net debt 3.1T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 2% fair-value upside, at −72%, 395400 screens richer than that median.
Fair Value models
Bear 1,139 KRWFair Value 1,519 KRWBull 5,195 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−1.0%
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.
−8.0%
’21
’22
’23
’24
’25
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.
+37.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+32.3%
Dividend (yield on the price)5.0%
Profit margin 2021 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.82% → 92%
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).
+48.3%
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 +45.3% a year for the price.
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 - Office · 68 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−72% · Bottom 25%
Profitability
Return on equity (TTM)5% · Above median
Return on assets3% · Above median
Net margin (TTM)31% · Above median
Operating margin (TTM)85% · Top 25%
Growth and dividend
Revenue growth0% · Above median
Dividend yield (TTM)5.0% · Below median
Balance sheet
Debt / equity1.04× · Above median
Valuation Multiplesvs REIT - Office median · lower = cheaper
P/FCF0.0× · Cheapest 25%
EV/EBITDA74.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 39
FUTURE (revenue growth)0· sector 0
PAST (return on equity)20· sector 11
HEALTH (low debt)48· sector 66
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). "SK Reit Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/395400
Frequently asked questions
Is SK Reit Co Ltd (395400) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 1,519 KRW versus a price of 5,360 KRW, about −72% upside (overvalued).
What is the fair value of 395400?
Our model-based fair value for SK Reit Co Ltd is 1,519 KRW (as of Sep 23, 2026), built from audited fundamentals. The current price: 5,360 KRW.
What is the quality score of 395400?
SK Reit Co Ltd has a Quality Score of 41/100. 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 SK Reit Co Ltd (395400)?
Our model-based price target is the fair value of 1,519 KRW (as of Sep 23, 2026) from 10 valuation models. Cautious scenario 1,139 KRW, optimistic scenario 5,195 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the SK Reit Co Ltd stock forecast for 2026?
Our models put fair value at 1,519 KRW, about −72% upside versus a price of 5,360 KRW (overvalued). Cautious scenario 1,139 KRW, optimistic scenario 5,195 KRW. The calculation is refreshed regularly with new filings.
Does SK Reit Co Ltd pay a dividend?
SK Reit Co Ltd currently shows a dividend yield of about 5.00% relative to its recent price (as of Sep 23, 2026).
What growth is priced into SK Reit Co Ltd (395400)?
For today's price to be fair in a discounted-cash-flow model, SK Reit Co Ltd would have to grow free cash flow by +48.3 % per year for five years (discount rate 8.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +39.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 395400 use?
Our models discount SK Reit Co Ltd at 8.0 %: a base by market capitalisation (mega), damped by beta 0.19, 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 SK Reit Co Ltd that is +48.3 % per year a year over ten years, using the same discount rate (8.0 %) and the same formula as our fair value.
How much growth has SK Reit Co Ltd (395400) delivered so far?
Over the past 4 years revenue at SK Reit Co Ltd grew +39.5 % a year. The price currently implies +48.3 % 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 SK Reit Co Ltd (395400) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into SK Reit Co Ltd (+48.3 % 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 SK Reit Co Ltd (395400)?
The free-cash-flow yield on the price is 1.53 %: that much free cash flow SK Reit Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SK Reit Co Ltd (395400)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SK Reit Co Ltd it is 1,519 KRW per share (as of Sep 23, 2026), against a price of 5,360 KRW. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is SK Reit Co Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 395400 trades above its calculated fair value: price 5,360 KRW, fair value 1,519 KRW, a gap of about −72% (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 395400?
No. The price is what the market pays today (5,360 KRW); the fair value is what the company's own numbers justify (1,519 KRW). For SK Reit Co Ltd the two are 3,841 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is SK Reit Co Ltd worth?
The market values SK Reit Co Ltd at about 1.6T KRW (market capitalisation, as of Sep 23, 2026). Per share that is 5,360 KRW; our models calculate a fair value of 1,519 KRW per share.
What do the bullish and bearish scenarios say about 395400?
Our models span a range for SK Reit Co Ltd: cautious scenario 1,139 KRW, base 1,519 KRW, optimistic 5,195 KRW per share (as of Sep 23, 2026, price 5,360 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SK Reit Co Ltd (395400)?
Balance-sheet figures for SK Reit Co Ltd (as of Sep 23, 2026): return on equity 5.0%, debt of 1.04 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 395400 from its 52-week high?
SK Reit Co Ltd trades at 5,360 KRW, about 23% below its 52-week high of 7,005 KRW and 13% above the low of 4,743 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 1,519 KRW is for.
Which stocks are comparable to SK Reit Co Ltd?
From the same area (Real Estate) we also value BXP, Inc, MERLIN Properties SOCIMI, S.A, Vornado Realty Trust, Alexandria Real Estate Equities, 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 SK Reit Co Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price 5,360 KRW, calculated fair value 1,519 KRW (−72%), Quality Score 41/100, from 10 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 395400 calculated?
We run SK Reit Co Ltd through 10 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 1,519 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. SK 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 SK Reit Co Ltd (395400)?
The closing price on Sep 23, 2026 was 5,360 KRW. Our model-based fair value is 1,519 KRW, about −72% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SK Reit Co Ltd right now?
The price sits above even our optimistic bull case (5,195 KRW). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (1,139 KRW to 5,195 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of SK Reit Co Ltd
How large is the market capitalisation of SK Reit Co Ltd (395400)?
The market capitalisation of SK Reit Co Ltd is 1.6T KRW (≈ $1.1B). 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 SK Reit Co Ltd (395400)?
The dividend yield of SK Reit Co Ltd is 5.0%. 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 SK Reit Co Ltd (395400)?
The net margin of SK Reit Co Ltd is 46.0% (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 SK Reit Co Ltd (395400)?
The return on equity (ROE) of SK Reit Co Ltd is 332% (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 SK Reit Co Ltd (395400)?
On an EBIT basis the return on assets of SK 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 SK Reit Co Ltd (395400) carry?
The net debt of SK Reit Co Ltd is 3.1T 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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