Iljin Holdings

015860 · KOSPI · ₩015860 · 일진홀딩스

₩6,070▼ ₩70 (1.14%)End-of-day · Oct 30, 2026 · End-of-day prices.
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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

₩15,789

vs the current price (₩6,070)

Assets before discount
₩1.3T
Equity value
₩779B

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
₩10,526
+73.4%
Base
₩15,789
+160.1%
Bull
₩22,104
+264.2%

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
49,347,483
Share price
₩6,070
Market cap
₩300B

Listed stakes

CompanyStakeMarket value
Iljin Electric49.3%₩1.2T
Iljin Diamond50.1%₩60B

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%₩16,841₩14,736₩12,631₩10,526₩8,421
−10.0%₩18,946₩16,578₩14,210₩11,841₩9,473
0.0%₩21,052₩18,420₩15,789₩13,157₩10,526
+10.0%₩23,157₩20,262₩17,367₩14,473₩11,578
+20.0%₩25,262₩22,104₩18,946₩15,789₩12,631

Now (TTM)

Market cap
₩300B
Enterprise value
−₩266B
P/E
—
P/B
0.5×
P/S
0.1×
EV/EBITDA
—
Dividend yield
0.0%

Over time (at each year end)

20252024202320222021
Price₩6,740₩3,775₩3,910₩3,820₩5,480
Market cap₩333B₩186B₩193B₩189B₩270B
P/E9.5×8.3×7.0×10.2×13.5×
P/B0.6×0.4×0.4×0.4×0.6×
P/S0.1×0.1×0.1×0.1×0.2×
EV/EBITDA——0.2×5.6×6.4×
Dividend yield0.0%0.0%———

Versus similar companies

CompanyP/EP/BP/SEV/EBITDADividend yield
Iljin Holdings—0.5×0.1×—0.0%
SK Square3.6×2.2×96.1×3.5×0.0%
KB Financial Group8.8×0.9×—9.6×2.8%
Shinhan Financial Group7.8×0.7×—10.2×2.9%
SK4.5×1.0×0.3×—1.6%
Hana Financial Group8.0×0.7×—10.0×3.4%
Woori Financial Group7.1×0.6×—8.5×4.4%
Similar companies (median)7.5×0.8×48.2×9.6×2.8%

Calculated from end-of-day prices and filed financial statements. Not a recommendation. This is not financial advice.

Also known as: Iljin Holdings / 일진홀딩스 / 015860 / KRX:015860

Source: KRX statistical information