Socar Inc. (403550) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Socar Inc. stock KRW 7,934, price KRW 9,890, that is 19.8% below the price, quality 52 out of 100. Rating: overvalued. Calculated from audited financials with 14 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 8, 2026.
How to read this chart
51‑month range 9,080 KRW – 27,131 KRW · fair‑value band 7,934 KRW – 11,661 KRW · the 9,890 KRW price screens above the 7,934 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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SOCAR Inc. operates as a mobility company in South Korea. It provides car sharing services. The company was founded in 2011 and is headquartered in Jeju-si, South Korea.
Stock analysis
Socar Inc. (403550) currently trades at 9,890 KRW, while our model-based Fair Value estimate is 7,934 KRW, 20% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 16,140 KRW per share, and 9 of the 14 models we run sit above the 9,890 KRW price.
Bear case: the Asset-Based group reads lowest at 2,137 KRW, and 5 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 7,934 KRW (bear) to 11,661 KRW (bull), the price of 9,890 KRW sits inside 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 52/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Socar Inc. reported revenue of 471B KRW in FY2025 versus 289B KRW in FY2021, a compound +13.0%/yr. Reported net income was −18.4B KRW in FY2025.
Key figures
Market cap 372B KRW (≈ $275M) Micro · P/S ratio 0.82 · EPS (TTM) −412.31 KRW · Dividend yield 0.9% · Net margin −3.4% · Return on equity −7.7% · Return on assets (EBIT) −0.5% (5-year average) · Operating margin 5.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −20%, 403550 screens richer than that median.
Fair Value models
Bear7,934 KRWFair Value 7,934 KRWBull11,661 KRW
Price 9,890 KRW · Downside -19.8%
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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.0%
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.
+5.8%
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.
+16.4%
Start year 2020 (pandemic)
’20
’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.
−6.6% (2020) → 4.9% (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
Price in line with expectations
The price assumes about as much growth as 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).
+14.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +12.0% 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.Software - Application · 628 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−19.7% · Below median
Profitability
Return on assets−3.1% · Below median
Net margin (12 months)−3.4% · Below median
Operating margin (12 months)5.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)22.6% · Top 25%
Dividend yield (12 months)0.9% · Below median
Balance sheet
Debt / equity0.74× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/B2.25× · Cheaper than median
P/S (12 months)0.81× · Cheapest 25%
Price / free cash flow (fiscal year)12.1× · Cheaper than median
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). "Socar Inc. Fair Value". https://www.fairvalue-calculator.com/stock/403550
Frequently asked questions
Is Socar Inc. (403550) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 7,934 KRW versus a price of 9,890 KRW, about 20% lower (overvalued).
What is the fair value of 403550?
Our model-based fair value for Socar Inc. is 7,934 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 9,890 KRW.
What is the quality score of 403550?
Socar Inc. has a Quality Score of 52/100. 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 Socar Inc. (403550)?
Our model-based price target is the fair value of 7,934 KRW (as of Nov 8, 2026) from 14 valuation models. Cautious scenario 7,934 KRW, optimistic scenario 11,661 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Socar Inc. stock forecast for 2026?
Our models put fair value at 7,934 KRW, about 20% lower versus a price of 9,890 KRW (overvalued). Cautious scenario 7,934 KRW, optimistic scenario 11,661 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Socar Inc. (403550)?
Socar Inc. reported trailing-twelve-month revenue of about 459B KRW (latest available figure, as of Nov 8, 2026).
Does Socar Inc. pay a dividend?
Socar Inc. currently shows a dividend yield of 0.93% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Socar Inc. (403550) and when is the ex-dividend date?
Socar Inc. pays a dividend of 92.00 KRW per share a year, a dividend yield of 0.9%. The last ex-dividend date was Mar 30, 2026. Free cash flow covers the dividend 8.93 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Socar Inc. (403550)?
For today's price to be fair in a discounted-cash-flow model, Socar Inc. would have to grow free cash flow by +14.3 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.4 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 403550 use?
Our models discount Socar Inc. at 12.1 %: a base by market capitalisation (micro), damped by beta 0.69, 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 Socar Inc. that is +14.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has Socar Inc. (403550) delivered so far?
Over the past 5 years revenue at Socar Inc. grew +16.4 % a year. The price currently implies free-cash-flow growth of +14.3 % 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 Socar Inc. (403550) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Socar Inc. (+14.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Socar Inc. (403550)?
The free-cash-flow yield on the price is 9.46 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Socar Inc. produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Socar Inc. (403550)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Socar Inc. it is 7,934 KRW per share (as of Nov 8, 2026), against a price of 9,890 KRW. It is the blended result of 14 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Socar Inc. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 403550 trades above its calculated fair value: price 9,890 KRW, fair value 7,934 KRW, a gap of about −20% (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 403550?
No. The price is what the market pays today (9,890 KRW); the fair value is what the company's own numbers justify (7,934 KRW). For Socar Inc. the two are 1,956 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Socar Inc. worth?
The market values Socar Inc. at about 372B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 9,890 KRW; our models calculate a fair value of 7,934 KRW per share.
What do the bullish and bearish scenarios say about 403550?
Our models span a range for Socar Inc.: cautious scenario 7,934 KRW, base 7,934 KRW, optimistic 11,661 KRW per share (as of Nov 8, 2026, price 9,890 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Socar Inc. (403550)?
Balance-sheet figures for Socar Inc. (as of Nov 8, 2026): return on equity −7.7%, debt of 0.74 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 403550 from its 52-week high?
Socar Inc. trades at 9,890 KRW, about 45% below its 52-week high of 18,000 KRW and 9% above the low of 9,080 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 7,934 KRW is for.
Which stocks are comparable to Socar Inc.?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Socar Inc. stock attractive at the current price?
The data as of Nov 8, 2026: price 9,890 KRW, calculated fair value 7,934 KRW (−20%), Quality Score 52/100, from 14 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 403550 calculated?
We run Socar Inc. through 14 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 7,934 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. Socar Inc. 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 Socar Inc. (403550)?
The closing price on Nov 9, 2026 was 9,890 KRW. Our model-based fair value is 7,934 KRW, about 20% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Socar Inc. right now?
Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Socar Inc.
How large is the market capitalisation of Socar Inc. (403550)?
The market capitalisation of Socar Inc. is 372B KRW (≈ $275M). 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 Socar Inc. (403550)?
The price-to-sales ratio of Socar Inc. is 0.82 (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 Socar Inc. (403550)?
Earnings per share at Socar Inc. are −412.31 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Socar Inc. (403550)?
The dividend yield of Socar Inc. is 0.9%. 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 Socar Inc. (403550)?
The net margin of Socar Inc. is −3.4% (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 Socar Inc. (403550)?
The return on equity (ROE) of Socar Inc. is −7.7% (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 Socar Inc. (403550)?
On an EBIT basis the return on assets of Socar Inc. is −0.5% (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 Socar Inc. (403550)?
The operating margin of Socar Inc. is 5.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Socar Inc. (403550)?
Revenue at Socar Inc. is growing +22.6% versus a year earlier (3y avg +5.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Socar Inc. (403550)?
Earnings per share at Socar Inc. are growing +38.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Socar Inc. (403550) carry?
The net debt of Socar Inc. is 261B KRW (fiscal year 2025, ≈ 8.5 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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Some data
Nov 8, 2026