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LVMC Holdings (900140) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 236B KRW

LH LVMC Holdings 900140 · KO
Price1,281 KRW
Fair Value656.56 KRW
Upside-48.8%
Quality46/100
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Healthy Growth
Thin margins · 3.8% net margin
Low debt · generates free cash flow
Ranks above peers (7/9)
Narrow moat 39/100
Evidence: High Range 450.26 KRW – 921.38 KRW Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Below-average quality, and screening another 49% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (921.38 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (450.26 KRW to 921.38 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

3,160 KRW 1,186 KRW Fair Value 656.56 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 1,186 KRW – 3,160 KRW · fair‑value band 450.26 KRW – 921.38 KRW · the 1,281 KRW price screens above the 656.56 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

LVMC Holdings (900140) currently trades at 1,281 KRW, while our model-based Fair Value estimate is 656.56 KRW, implying the stock looks roughly 48.8% overvalued today. The Quality Score stands at 46/100 (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: high).

Over the trailing twelve months, LVMC Holdings generated revenue of 421B KRW at a net margin of 3.8%. Revenue grew 27.7% year over year. It earns a return on equity of 6.2%. Net debt stands at 79.5B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 450.26 KRW (bear case) to 921.38 KRW (bull case); at 1,281 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 40% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at -49%, 900140 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 1,790 KRW 3,653 KRW 6,783 KRW 80
Residual Income 1,796 KRW 1,687 KRW 1,217 KRW 76
Rev-Margin DCF 2,010 KRW 3,659 KRW 7,102 KRW 74
All 26 models by family
DCF Models
FCF DCF 1,894 KRW 3,011 KRW 6,663 KRW 38
Owner Earnings 1,794 KRW 4,108 KRW 9,183 KRW 31
5Y Revenue Exit 1,821 KRW 3,209 KRW 6,124 KRW 39
5Y EBITDA Exit 2,477 KRW 4,535 KRW 8,580 KRW 41
5Y P/E Exit 755.18 KRW 1,257 KRW 1,882 KRW 38
10Y Revenue Exit 1,808 KRW 4,153 KRW 5,726 KRW 36
10Y EBITDA Exit 2,371 KRW 5,597 KRW 11,352 KRW 37
10Y P/E Exit 1,086 KRW 1,803 KRW 2,843 KRW 35
Earnings-Based
Graham-Dodd 110.76 KRW 772.42 KRW 1,084 KRW 54
Lynch FV 399.06 KRW 570.09 KRW 741.11 KRW 50
PEG = 1.0 399.06 KRW 570.09 KRW 741.11 KRW 46
EPV 1,593 KRW 1,861 KRW 2,100 KRW 59
Dividend Discount
Gordon GGM 293.33 KRW 640.38 KRW 1,077 KRW 70
DDM Multi-Stage 293.33 KRW 524.58 KRW 667.38 KRW 61
Multiples
P/E Multiple 268.75 KRW 358.34 KRW 447.92 KRW 63
P/S Multiple 207.67 KRW 276.90 KRW 346.12 KRW 58
P/B Multiple 207.67 KRW 276.90 KRW 346.12 KRW 55
EV/EBIT 2,354 KRW 3,115 KRW 3,875 KRW 53
EV/EBITDA 2,568 KRW 3,400 KRW 4,233 KRW 54
EV/Revenue 1,610 KRW 2,269 KRW 2,929 KRW 43
Asset-Based
NCAV (Graham) 1,301 KRW 1,743 KRW 2,602 KRW 50
Growth DCF
Growth DCF 1,790 KRW 3,653 KRW 6,783 KRW 80
Rev-Margin DCF 2,010 KRW 3,659 KRW 7,102 KRW 74
Economic Profit
Residual Income 1,796 KRW 1,687 KRW 1,217 KRW 76
ROIC Compounder 1,593 KRW 1,861 KRW 2,100 KRW 72
Growth Earnings
Growth-Adj P/E 529.72 KRW 756.75 KRW 983.77 KRW 68

Widest divergence: Growth DCF (3,653 KRW) versus Multiples (358.34 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 421B KRW
Revenue growth (YoY) +27.7%
Net margin 3.8%
Return on equity 6.2%
Free cash flow 19.7B KRW FY2025
Operating margin 15.9%
More key figures
EPS growth (YoY) +387%
Net debt 79.5B KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 45 · Market factors (momentum, volatility) 27

Profitability 22
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 0
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

LVMC Holdings manufactures, imports, and distributes automobiles and motorcycles in Vietnam and internationally. The company sells commercial trucks, and heavy equipment, as well as provides after-sales and installment finance services.

Full company description

LVMC Holdings manufactures, imports, and distributes automobiles and motorcycles in Vietnam and internationally. The company sells commercial trucks, and heavy equipment, as well as provides after-sales and installment finance services. It also sells parts and accessories of automobiles and motorcycles; and provides maintenance services for automobiles and motorcycles. In addition, the company engages in used car trading business; and providing rental services. It offers its products through DAEHAN, TERACO, and KR Motors brands. The company was formerly known as KOLAO Holdings Co., and changed its name to LVMC Holdings in March 2018. LVMC Holdings was founded in 1997 and is headquartered in Grand Cayman, the Cayman Islands.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LVMC Holdings reported revenue of 393B KRW in FY2025 versus 205B KRW in FY2021, a compound +17.7%/yr. Reported net income was 3.1B KRW in FY2025.

Growth Quality 70/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
393B KRW
Latest YoY
+37.5%
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.
+16.4%
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.
+7.5%
Avg. growth/yr (18Y) 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.
+12.6%
Revenue +17.7%/yr
FY21 205B KRW
FY22 249B KRW
FY23 260B KRW
FY24 286B KRW
FY25 393B KRW
Net income
FY21 −17.4B KRW
FY22 −38.2B KRW
FY23 −41.8B KRW
FY24 1.2B KRW
FY25 3.1B KRW

900140 screens 49% overvalued. Compare with Toyota Motor Corporation →

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Cite: Fair Value Calculator (2026). "LVMC Holdings Fair Value". https://www.fairvalue-calculator.com/stock/900140

Peer Group

Auto Manufacturers · 119 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 46 · Below median
Fair Value upside −49% · Bottom 25%
Return on equity (TTM) 6% · Above median
Return on assets 4% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 16% · Top 25%
Revenue growth 28% · Top 25%
Debt / equity 0.10× · Lower than median

Valuation Multiples vs Auto Manufacturers 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 27
FUTURE 100 · sector 33
PAST 25 · sector 19
HEALTH 95 · sector 94
DIVIDEND 0 · sector 44

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 Manufacturers stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Toyota Motor Corporation TM $179.76 $224.63 +25%
BYD Company 81211 HK$80.55 HK$50.85 -37%
Hyundai Motor Company 005380 425,000 KRW 616,918 KRW +45%
General Motors Company GM $77.72 $56.93 -27%
Bayerische Motoren Werke Aktiengesellschaft BMWM5N 1,909 MXN 2,944 MXN +54%
Ferrari N.V RACE $376.64 $228.05 -39%
Ford Motor Company F C$11.86 C$4.00 -66%
Mercedes-Benz Group BENZ C$20.44 C$35.15 +72%
Volkswagen AG VOW 2,149 CZK 7,191 CZK +235%
Maruti Suzuki India Limited MARUTI ₹13,803 ₹8,236 -40%

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Frequently asked questions

Is LVMC Holdings (900140) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 656.56 KRW versus a price of 1,281 KRW, about −49% (overvalued).
What is the fair value of 900140?
Our model-based fair value for LVMC Holdings is 656.56 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,281 KRW.
What is the quality score of 900140?
LVMC Holdings has a Quality Score of 46/100. 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 LVMC Holdings (900140)?
LVMC Holdings reported trailing-twelve-month revenue of about 421B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 900140?
The net profit margin of LVMC Holdings is about 3.8%, meaning it keeps roughly 3.8% 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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