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SOCAR Inc (403550) Fair Value & Analysis

Technology · KR · Market cap 365B KRW

SI SOCAR Inc 403550 · KO
Price10,900 KRW
Fair Value7,461 KRW
Upside-31.6%
Quality52/100
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Mixed Growth
Loss-making · -5.4% net margin
Moderate debt · generates free cash flow
0.95% dividend yield
Trails peers (2/10)
Narrow moat 18/100
Evidence: Medium Range 7,461 KRW – 10,577 KRW Share as image

Fair value as of: Jul 24, 2026

From 14 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 7,536 KRW to 7,461 KRW (−1.0%) since Jul 11, 2026. Share price +5.6% over the past month.

A solid business, but screening 32% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (10,577 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (4 years)

27,131 KRW 9,080 KRW Fair Value 7,461 KRW Aug 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

48‑month range 9,080 KRW – 27,131 KRW · fair‑value band 7,461 KRW – 10,577 KRW · the 10,900 KRW price screens above the 7,461 KRW fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

SOCAR Inc (403550) currently trades at 10,900 KRW, while our model-based Fair Value estimate is 7,461 KRW, implying the stock looks roughly 31.6% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Technology 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, SOCAR Inc generated revenue of 436B KRW at a net margin of -5.4%. Revenue declined 26.1% year over year. It earns a return on equity of -14.1%. Net debt stands at 261B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 7,461 KRW (bear case) to 10,577 KRW (bull case); at 10,900 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 48% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -32%, 403550 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
Growth DCF 10,287 KRW 18,639 KRW 33,500 KRW 80
Rev-Margin DCF 6,625 KRW 11,098 KRW 16,797 KRW 74
ROIC Compounder 4,314 KRW 6,084 KRW 8,295 KRW 72
All 14 models by family
DCF Models
FCF DCF 10,289 KRW 19,101 KRW 34,840 KRW 38
Owner Earnings 20,707 KRW 38,011 KRW 68,919 KRW 31
5Y Revenue Exit 6,625 KRW 11,121 KRW 17,049 KRW 39
5Y EBITDA Exit 22,702 KRW 43,785 KRW 70,323 KRW 41
10Y Revenue Exit 7,547 KRW 12,243 KRW 19,097 KRW 36
10Y EBITDA Exit 18,580 KRW 36,528 KRW 64,089 KRW 37
Earnings-Based
EPV 4,314 KRW 5,167 KRW 5,925 KRW 59
Multiples
EV/EBIT 7,741 KRW 10,495 KRW 13,249 KRW 53
EV/EBITDA 30,826 KRW 41,275 KRW 51,724 KRW 54
EV/Revenue 5,048 KRW 7,435 KRW 9,822 KRW 43
Asset-Based
NCAV (Graham) 2,173 KRW 2,912 KRW 4,346 KRW 50
Growth DCF
Growth DCF 10,287 KRW 18,639 KRW 33,500 KRW 80
Rev-Margin DCF 6,625 KRW 11,098 KRW 16,797 KRW 74
Economic Profit
ROIC Compounder 4,314 KRW 6,084 KRW 8,295 KRW 72

Widest divergence: DCF Models (19,101 KRW) versus Asset-Based (2,912 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 436B KRW
Revenue growth (YoY) -26.1%
Net margin -5.4%
Return on equity -14.1%
Free cash flow 30.7B KRW FY2025
Operating margin 1.4%
More key figures
Dividend yield 1.0%
EPS growth (YoY) +38.5%
Net debt 261B KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 50 · Market factors (momentum, volatility) 29

Profitability 33
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 81
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

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
471B KRW
Latest YoY
+9.0%
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.
+5.8%
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.
+16.4%
Revenue +13.0%/yr
FY21 289B KRW
FY22 398B KRW
FY23 398B KRW
FY24 432B KRW
FY25 471B KRW
Net income
FY21 6.3B KRW
FY22 −18.1B KRW
FY23 −42.3B KRW
FY24 −31.0B KRW
FY25 −18.4B KRW

403550 screens 32% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "SOCAR Inc Fair Value". https://www.fairvalue-calculator.com/stock/403550

Peer Group

Software - Application · 709 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 52 · Below median
Fair Value upside −32% · Below median
Return on assets 2% · Above median
Net margin (TTM) -5% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth -26% · Bottom 25%
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.74× · Higher than 75% of peers

Valuation Multiples vs Software - Application median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

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 0
FUTURE 0 · sector 38
PAST 0 · sector 13
HEALTH 63 · sector 98
DIVIDEND 19 · sector 28

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is SOCAR Inc (403550) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 7,461 KRW versus a price of 10,900 KRW, about −32% (overvalued).
What is the fair value of 403550?
Our model-based fair value for SOCAR Inc is 7,461 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 10,900 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 revenue of SOCAR Inc (403550)?
SOCAR Inc reported trailing-twelve-month revenue of about 436B KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 403550?
The net profit margin of SOCAR Inc is about -5.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does SOCAR Inc pay a dividend?
SOCAR Inc currently shows a dividend yield of about 0.83% relative to its recent price (as of Jul 24, 2026).

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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