Seoyon서연
007860 · KOSPI · ₩007860 · 서연
Valuation model · Sum of the parts (net asset value)
This is a holding company, so we value what it owns: its stakes in listed companies at market value, less a holding company discount.
Fair value per share
₩3,807
vs the current price (₩7,000)
- Assets before discount
- ₩149B
- Equity value
- ₩89B
Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal. This is not financial advice.
Bear / Base / Bull
- Bear
- ₩2,538
- −63.7%
- Base
- ₩3,807
- −45.6%
- Bull
- ₩5,330
- −23.9%
Bear: listed stakes 20% lower and a discount 10 points wider. Bull: the opposite.
Assumptions
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Business
- 0%
Moves the market value of the listed companies it owns up or down.
Default: 0, today's market values.
- ₩0B
Anything else it owns, minus its own debt, in ₩ billions.
Default: 0. Unlisted holdings and the company's own cash and debt aren't included unless you add them.
Discount rate
- 40%
How far below the value of its holdings the company is valued.
Default: a typical discount for Korean holding companies.
Starting point
- Shares
- 23,479,844
- Share price
- ₩7,000
- Market cap
- ₩164B
Listed stakes
| Company | Stake | Market value |
|---|---|---|
| Seoyon E-Hwa | 48.7% | ₩135B |
| Seoyon Topmetal | 37.5% | ₩14B |
Sensitivity
Fair value per share as two inputs change; the middle is the current case.
| Listed stakes ↓ · Discount → | 20.0% | 30.0% | 40.0% | 50.0% | 60.0% |
|---|---|---|---|---|---|
| −20.0% | ₩4,061 | ₩3,553 | ₩3,046 | ₩2,538 | ₩2,030 |
| −10.0% | ₩4,569 | ₩3,997 | ₩3,426 | ₩2,855 | ₩2,284 |
| 0.0% | ₩5,076 | ₩4,442 | ₩3,807 | ₩3,173 | ₩2,538 |
| +10.0% | ₩5,584 | ₩4,886 | ₩4,188 | ₩3,490 | ₩2,792 |
| +20.0% | ₩6,091 | ₩5,330 | ₩4,569 | ₩3,807 | ₩3,046 |
Now (TTM)
- Market cap
- ₩164B
- Enterprise value
- ₩656B
- P/E
- 1.8×
- P/B
- 0.2×
- P/S
- 0.0×
- EV/EBITDA
- —
- Dividend yield
- 3.6%
Over time (at each year end)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Price | ₩9,650 | ₩6,750 | ₩8,590 | ₩6,930 | ₩12,300 |
| Market cap | ₩227B | ₩158B | ₩202B | ₩163B | ₩289B |
| P/E | 4.1× | 1.2× | 1.8× | 2.5× | 12.2× |
| P/B | 0.3× | 0.2× | 0.3× | 0.3× | 0.6× |
| P/S | 0.0× | 0.0× | 0.1× | 0.1× | 0.1× |
| EV/EBITDA | — | — | — | — | — |
| Dividend yield | 2.6% | 3.0% | — | — | — |
Versus similar companies
| Company | P/E | P/B | P/S | EV/EBITDA | Dividend yield |
|---|---|---|---|---|---|
| Seoyon | 1.8× | 0.2× | 0.0× | — | 3.6% |
| SK Square | 3.8× | 2.3× | 102.1× | 3.7× | 0.0% |
| KB Financial Group | 8.9× | 0.9× | — | 9.6× | 2.8% |
| Shinhan Financial Group | 7.7× | 0.7× | — | 10.1× | 2.9% |
| SK | 4.8× | 1.0× | 0.3× | — | 1.5% |
| Hana Financial Group | 7.9× | 0.7× | — | 10.0× | 3.4% |
| Woori Financial Group | 7.1× | 0.6× | — | 8.5× | 4.4% |
| Similar companies (median) | 7.4× | 0.8× | 51.2× | 9.6× | 2.9% |
Calculated from end-of-day prices and filed financial statements. Not a recommendation. This is not financial advice.
Also known as: Seoyon / 서연 / 007860 / KRX:007860
Source: KRX statistical information