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SeA Mechanics Co (396300) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 74.6B KRW

SM SeA Mechanics Co 396300 · KQ
Price4,185 KRW
Fair Value1,580 KRW
Upside-62.2%
Quality33/100
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Weak Growth
Thin margins · 4.1% net margin
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 29/100
Evidence: Medium Range 1,185 KRW – 1,976 KRW Share as image

Fair value as of: Jul 21, 2026

From 11 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 913.00 KRW to 1,580 KRW (+73.1%) since Jul 11, 2026. Share price +31.0% over the past month.

Below-average quality, and screening another 62% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,976 KRW). The favourable scenario is already priced in.
  • Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (4 years)

9,710 KRW 1,943 KRW Fair Value 1,580 KRW Mar 2022 Aug 2026

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

53‑month range 1,943 KRW – 9,710 KRW · fair‑value band 1,185 KRW – 1,976 KRW · the 4,185 KRW price screens above the 1,580 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

SeA Mechanics Co (396300) currently trades at 4,185 KRW, while our model-based Fair Value estimate is 1,580 KRW, implying the stock looks roughly 62.2% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Consumer Cyclical 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: medium).

Over the trailing twelve months, SeA Mechanics Co generated revenue of 99.8B KRW at a net margin of 4.1%. Revenue grew 71.5% year over year. It earns a return on equity of 5.5%. Net debt stands at 44.1B KRW. Fundamentals as of Jul 21, 2026

Our scenario range runs from 1,185 KRW (bear case) to 1,976 KRW (bull case); at 4,185 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 43% below its 52-week high and 84% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -62%, 396300 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 1,983 KRW 1,910 KRW 1,513 KRW 76
Gordon GGM 1,456 KRW 1,593 KRW 1,803 KRW 70
Growth-Adj P/E 405.72 KRW 579.59 KRW 753.47 KRW 68
All 11 models by family
DCF Models
Owner Earnings 1,272 KRW 1,598 KRW 2,201 KRW 31
Earnings-Based
Graham-Dodd 365.20 KRW 446.36 KRW 502.15 KRW 54
Dividend Discount
Gordon GGM 1,456 KRW 1,593 KRW 1,803 KRW 70
DDM Multi-Stage 1,456 KRW 1,827 KRW 2,346 KRW 61
Multiples
P/E Multiple 563.91 KRW 751.88 KRW 939.85 KRW 63
P/S Multiple 684.75 KRW 913.00 KRW 1,141 KRW 58
P/B Multiple 684.75 KRW 913.00 KRW 1,141 KRW 55
EV/EBITDA 1,020 KRW 1,213 KRW 1,406 KRW 54
Asset-Based
NCAV (Graham) 1,401 KRW 1,878 KRW 2,803 KRW 50
Economic Profit
Residual Income 1,983 KRW 1,910 KRW 1,513 KRW 76
Growth Earnings
Growth-Adj P/E 405.72 KRW 579.59 KRW 753.47 KRW 68

Widest divergence: Economic Profit (1,910 KRW) versus Earnings-Based (446.36 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 99.8B KRW
Revenue growth (YoY) +71.5%
Net margin 4.1%
Return on equity 5.5%
Free cash flow −16.1B KRW FY2025
Operating margin 4.9%
More key figures
EPS growth (YoY) +7.6%
Net debt 44.1B KRW FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 32 · Market factors (momentum, volatility) 21

Profitability 21
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 42
Distance to the 52-week high (market factor)
Net Issuance 76
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

SeA Mechanics Co., Ltd. manufactures and sells automotive and electronic parts in South Korea and internationally. The company offers secondary batteries, including battery module and pack parts; electric automotive parts, such as DC boxes, control unit brackets, front end covers, coolant ports, and rear brackets; cover heat sinks and heat sinks for …

Full company description

SeA Mechanics Co., Ltd. manufactures and sells automotive and electronic parts in South Korea and internationally. The company offers secondary batteries, including battery module and pack parts; electric automotive parts, such as DC boxes, control unit brackets, front end covers, coolant ports, and rear brackets; cover heat sinks and heat sinks for electric two-wheel vehicles; hydrogen automotive parts that comprise ACV valve, APC pipe, and APC valve housing products; and anti-vibration/controller/battery parts, such as engine mounts and BRK, ECU and TCU covers, PCU bases, crush and side plates, and T/M mounts. It also provides display devices, such as wall mounts; digital signage unit frames; and driving mechanism products, as well as produces robotics parts. The company was formerly known as SeA Industrial Company and changed its name to SeA Mechanics Co., Ltd. in July 2002. SeA Mechanics Co., Ltd. was founded in 1999 and is headquartered in Gumi-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SeA Mechanics Co reported revenue of 85.8B KRW in FY2025 versus 105B KRW in FY2021, a compound −4.9%/yr. Reported net income was 1.4B KRW in FY2025, compounding −30.8%/yr from FY2021.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
85.8B KRW
Latest YoY
−7.1%
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.
−0.7%
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.
+0.7%
Avg. growth/yr (7Y) 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.
+1.9%
Revenue −4.9%/yr
FY21 105B KRW
FY22 87.6B KRW
FY23 86.8B KRW
FY24 92.3B KRW
FY25 85.8B KRW
Net income −30.8%/yr
FY21 6.2B KRW
FY22 3.8B KRW
FY23 6.4B KRW
FY24 2.5B KRW
FY25 1.4B KRW

396300 screens 62% overvalued. Compare with Hyundai Mobis Co →

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Cite: Fair Value Calculator (2026). "SeA Mechanics Co Fair Value". https://www.fairvalue-calculator.com/stock/396300

Peer Group

Auto Parts · 642 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 33 · Bottom 25%
Fair Value upside −62% · Bottom 25%
Return on equity (TTM) 6% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth 72% · Top 25%

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 16
FUTURE 100 · sector 23
PAST 22 · sector 26
HEALTH 100 · sector 95
DIVIDEND 0 · sector 30

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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 482,000 KRW 678,420 KRW +41%
Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is SeA Mechanics Co (396300) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 1,580 KRW versus a price of 4,185 KRW, about −62% (overvalued).
What is the fair value of 396300?
Our model-based fair value for SeA Mechanics Co is 1,580 KRW (as of Jul 21, 2026), built from audited fundamentals. The current price is 4,185 KRW.
What is the quality score of 396300?
SeA Mechanics Co has a Quality Score of 33/100. 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 revenue of SeA Mechanics Co (396300)?
SeA Mechanics Co reported trailing-twelve-month revenue of about 99.8B KRW (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 396300?
The net profit margin of SeA Mechanics Co is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.

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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