Socar Inc. (403550) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Socar Inc. KRW 7,819, price KRW 10,600, upside -26.2%, quality 52 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
49‑month range 9,080 KRW – 27,131 KRW · fair‑value band 7,819 KRW – 11,491 KRW · the 10,600 KRW price screens above the 7,819 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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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 10,600 KRW, while our model-based Fair Value estimate is 7,819 KRW, implying the stock looks roughly 35.6% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 17,201 KRW per share, and 10 of the 14 models we run sit above the 10,600 KRW price.
Bear case: the Asset-Based group reads lowest at 2,912 KRW, and 4 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: 7,819 KRW (bear) to 11,491 KRW (bull), the price of 10,600 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 348B KRW (≈ $256M) · P/S ratio 0.84 · Dividend yield 0.9% · Net margin −3.9% · Return on equity −14.1% · Return on assets (EBIT) −0.5% · Operating margin 1.4% · Revenue (TTM) 436B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −26%, 403550 screens richer than that median.
Fair Value models
Bear 7,819 KRWFair Value 7,819 KRWBull 11,491 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.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).
+14.6%
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 +12.2% 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 · 721 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−26% · Below median
Profitability
Return on assets2% · Above median
Net margin (TTM)−5% · Below median
Operating margin (TTM)1% · Below median
Growth and dividend
Revenue growth−26% · Bottom 25%
Dividend yield (TTM)0.9% · Below median
Balance sheet
Debt / equity0.74× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/FCF0.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)0· sector 38
PAST (return on equity)0· sector 16
HEALTH (low debt)63· sector 97
DIVIDEND (yield)17· sector 30
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). "Socar Inc. Fair Value". https://www.fairvalue-calculator.com/stock/403550
Frequently asked questions
Is Socar Inc. (403550) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 7,819 KRW versus a price of 10,600 KRW, about −26% upside (overvalued).
What is the fair value of 403550?
Our model-based fair value for Socar Inc. is 7,819 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 10,600 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 7,819 KRW (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 7,819 KRW, optimistic scenario 11,491 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 7,819 KRW, about −26% upside versus a price of 10,600 KRW (overvalued). Cautious scenario 7,819 KRW, optimistic scenario 11,491 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 436B KRW (latest available figure, as of Sep 24, 2026).
Does Socar Inc. pay a dividend?
Socar Inc. currently shows a dividend yield of about 0.87% relative to its recent price (as of Sep 24, 2026).
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 +14.6 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 403550 use?
Our models discount Socar Inc. at 11.9 %: a base by market capitalisation (micro), damped by beta 0.62, 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 +14.6 % per year a year over ten years, using the same discount rate (11.9 %) 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 +14.6 % 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 Socar Inc. (403550) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Socar Inc. (+14.6 % 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 Socar Inc. (403550)?
The free-cash-flow yield on the price is 8.82 %: that much free cash flow Socar Inc. produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), 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 7,819 KRW per share (as of Sep 24, 2026), against a price of 10,600 KRW. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Socar Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 403550 trades above its calculated fair value: price 10,600 KRW, fair value 7,819 KRW, a gap of about −26% (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 (10,600 KRW); the fair value is what the company's own numbers justify (7,819 KRW). For Socar Inc. the two are 2,781 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 348B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 10,600 KRW; our models calculate a fair value of 7,819 KRW per share.
What do the bullish and bearish scenarios say about 403550?
Our models span a range for Socar Inc.: cautious scenario 7,819 KRW, base 7,819 KRW, optimistic 11,491 KRW per share (as of Sep 24, 2026, price 10,600 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 Sep 24, 2026): return on equity −14.1%, 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 10,600 KRW, about 41% below its 52-week high of 18,000 KRW and 17% above the low of 9,080 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 7,819 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 Sep 24, 2026: price 10,600 KRW, calculated fair value 7,819 KRW (−26%), 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 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 7,819 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 14.0 % 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 Sep 23, 2026 was 10,600 KRW. Our model-based fair value is 7,819 KRW, about −26% upside (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 348B KRW (≈ $256M). 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 0.84 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
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 −3.9% (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 Socar Inc. (403550)?
The return on equity (ROE) of Socar Inc. is −14.1% (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 1.4% (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 −26.1% 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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