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SM Culture & Contents Co. Ltd (048550) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 154B KRW (≈ $108M) · ISIN KR7048550008

What is SM Culture & Contents Co. Ltd really worth?

SC SM Culture & Contents Co. Ltd 048550 · KQ
Price1,091 KRW
Fair Value1,113 KRW
Upside+2.1%
Quality51/100

A solid business, currently priced close to our fair value of 1,113 KRW.

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Strengths

Ranks above peers (5/7)

Risks

!Weak Growth (revenue 5y −5.1 %/yr)
!Loss-making · -2.1% net margin
!Low debt · negative free cash flow
!Narrow moat 19/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 982.18 KRW – 1,245 KRW

Fair value as of: Sep 5, 2026

From 4 valuation models · updated today

Share price −35.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

6,190 KRW 815.00 KRW Fair Value 1,113 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range 815.00 KRW – 6,190 KRW · fair‑value band 982.18 KRW – 1,245 KRW · the 1,091 KRW price screens below the 1,113 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

SM Culture & Contents Co. Ltd (048550) currently trades at 1,091 KRW, while our model-based Fair Value estimate is 1,113 KRW, implying the stock looks roughly 2.0% fairly valued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Multiples group reads highest at a median of 1,113 KRW per share, and 1 of the 4 models we run sit above the 1,091 KRW price. Bear case: the Asset-Based group reads lowest at 585.26 KRW, and 3 of the 4 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, SM Culture & Contents Co. Ltd generated revenue of 158B KRW at a net margin of −2.1%. Revenue grew 66.9% year over year. Fundamentals as of Sep 5, 2026

Our scenario range runs from 982.18 KRW (bear case) to 1,245 KRW (bull case); at 1,091 KRW, the current price sits within 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 35% below its 52-week high and 40% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 26% fair-value upside, at 2%, 048550 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Gordon GGM best evidence 0.3600 KRW 0.4800 KRW 0.6000 KRW 69
DDM Multi-Stage 0.3600 KRW 0.4900 KRW 0.6500 KRW 67
EV/EBITDA 982.18 KRW 1,113 KRW 1,245 KRW 67
All 4 models by family
Dividend Discount
Gordon GGM best evidence 0.3600 KRW 0.4800 KRW 0.6000 KRW 69
DDM Multi-Stage 0.3600 KRW 0.4900 KRW 0.6500 KRW 67
Multiples
EV/EBITDA 982.18 KRW 1,113 KRW 1,245 KRW 67
Asset-Based
NCAV (Graham) 436.76 KRW 585.26 KRW 873.52 KRW 54

Widest divergence: Multiples (1,113 KRW) versus Dividend Discount (0.4800 KRW). Highest evidence: Gordon GGM (69).

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Key figures & financial health

P/S ratio 0.97 TTM
Net margin −2.1% FY2025
Return on equity −1,773% TTM
Return on assets (EBIT) −2.8% avg 5y
Operating margin 2.1% TTM
Revenue (TTM) 158B KRW TTM
More key figures
Growth
Revenue growth (YoY) +66.9% 3y avg −14.0%
Balance sheet & cash flow
Free cash flow −33.5B KRW FY2025

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 32

Profitability 18
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 17
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 80
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

SM Culture & Contents Co., Ltd. engages in the video content, actor, and MC management businesses in South Korea. It produces various dramas, and entertainment and documentary films. The company is also involved in the actors MC management business, including recruiting various artists in fields, such as performing arts, dramas, movies, musicals, etc.

Full company description

SM Culture & Contents Co., Ltd. engages in the video content, actor, and MC management businesses in South Korea. It produces various dramas, and entertainment and documentary films. The company is also involved in the actors MC management business, including recruiting various artists in fields, such as performing arts, dramas, movies, musicals, etc. In addition, it offers advertising agency and travel services; and plans, develops, and promotes video content. The company was formerly known as BT&I Travel Group., Inc. and changed its name to SM Culture & Contents Co., Ltd. in June 2012. SM Culture & Contents Co., Ltd. was founded in 1980 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SM Culture & Contents Co. Ltd reported revenue of 100B KRW in FY2025 versus 140B KRW in FY2021, a compound −7.9%/yr. Reported net income was −2.1B KRW in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
100B KRW
Latest YoY
−8.6%
Avg. revenue 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.
−14.0%
Avg. revenue 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.
−5.1%
Avg. revenue growth/yr (17Y) 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.
+10.5%
Value creation/yr 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
Revenue −7.9%/yr
FY21 140B KRW
FY22 158B KRW
FY23 127B KRW
FY24 110B KRW
FY25 100B KRW
Net income
FY21 −8.8B KRW
FY22 5.4B KRW
FY23 −9.8B KRW
FY24 −14.1B KRW
FY25 −2.1B KRW

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Cite: Fair Value Calculator (2026). "SM Culture & Contents Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/048550

Peer Group

Media & Publishing · 15 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 51 · Below median
Fair Value upside +2% · Above median
Return on assets 1% · Above median
Net margin (TTM) −2% · Bottom 25%
Operating margin (TTM) 2% · Above median
Revenue growth 67% · Top 25%

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE36 · sector 30
FUTURE100 · sector 0
PAST0 · sector 40
HEALTH100 · sector 100
DIVIDEND0 · sector 96

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

Similar stocks

10 more Media & Publishing stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
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GMA7 GMA7 4.40 PHP 8.36 PHP +90%
ABS ABS 3.71 PHP 3.21 PHP −13%
Showbox Corp 086980 2,115 KRW 3,511 KRW +66%
DIGITAL CHOSUN Inc 033130 1,942 KRW 2,439 KRW +26%
SM Life Design Group 063440 1,130 KRW 2,065 KRW +83%
533217 533217 ₹90.30 ₹237.72 +163%
PLI PLI 6.58 PLN 1.85 PLN −72%
eMnet Inc 123570 1,658 KRW 1,491 KRW −10%
Samhwa Networks Co 046390 2,040 KRW 243.39 KRW −88%

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Frequently asked questions

Is SM Culture & Contents Co. Ltd (048550) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of 1,113 KRW versus a price of 1,091 KRW, about +2% upside (fairly valued).
What is the fair value of 048550?
Our model-based fair value for SM Culture & Contents Co. Ltd is 1,113 KRW (as of Sep 5, 2026), built from audited fundamentals. The current price: 1,091 KRW.
What is the quality score of 048550?
SM Culture & Contents Co. Ltd has a Quality Score of 51/100. 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 SM Culture & Contents Co. Ltd (048550)?
SM Culture & Contents Co. Ltd reported trailing-twelve-month revenue of about 158B KRW (latest available figure, as of Sep 5, 2026).
What is the net profit margin of 048550?
The net profit margin of SM Culture & Contents Co. Ltd is about −2.1%, meaning it is currently running at a net loss. Based on the latest reported figures.
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