SDN Company. Ltd (099220) Fair Value & Analysis
Utilities · KR · Market cap 44.8B KRW (≈ $31.4M) · ISIN KR7099220006
What is SDN Company. Ltd really worth?
Below-average quality, trading 16% below our fair value of 609.00 KRW.
Strengths
Risks
Fair value as of: Aug 29, 2026
From 11 valuation models · updated 7 days ago
Share price −24.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide (318.55 KRW to 946.17 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range 503.00 KRW – 3,575 KRW · fair‑value band 318.55 KRW – 946.17 KRW · the 511.00 KRW price screens below the 609.00 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 29, 2026.
Analysis
SDN Company. Ltd (099220) currently trades at 511.00 KRW, while our model-based Fair Value estimate is 609.00 KRW, implying the stock looks roughly 16.1% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Utilities sector. Bull case: the Asset-Based group reads highest at a median of 1,208 KRW per share, and 8 of the 11 models we run sit above the 511.00 KRW price. Bear case: the Growth DCF group reads lowest at 191.70 KRW, and 3 of the 11 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, SDN Company. Ltd generated revenue of 91.7B KRW at a net margin of 0.6%. Revenue grew 57.9% year over year. Net debt stands at 48.5B KRW. Fundamentals as of Aug 29, 2026
Our scenario range runs from 318.55 KRW (bear case) to 946.17 KRW (bull case); at 511.00 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 67% below its 52-week high, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at 39% fair-value upside, at 19%, 099220 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.
All 11 models by family
Widest divergence: Asset-Based (1,208 KRW) versus Growth DCF (191.70 KRW). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 15
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
SDN Company., Ltd. manufactures and sells photovoltaic products in Korea. It offers solar modules, inverters, structures, and monitoring systems, as well as in-rotors, connections, structures, switches, sensors, etc. The company was formerly known as Seoul Marine Co., Ltd. and changed its name to SDN Company., Ltd. in April 2010. SDN Company., Ltd.
Full company description
SDN Company., Ltd. manufactures and sells photovoltaic products in Korea. It offers solar modules, inverters, structures, and monitoring systems, as well as in-rotors, connections, structures, switches, sensors, etc. The company was formerly known as Seoul Marine Co., Ltd. and changed its name to SDN Company., Ltd. in April 2010. SDN Company., Ltd. was founded in 1994 and is headquartered in Seongnam, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SDN Company. Ltd reported revenue of 87.5B KRW in FY2025 versus 92.8B KRW in FY2021, a compound −1.5%/yr. Reported net income was −1.7B KRW in FY2025.
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Peer Group
Industrials · 5415 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Electrical Utilities & IPPs” was too small, so the broader sector is used.)
Valuation Multiples vs Industrials median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electrical Utilities & IPPs stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
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| Entergy New Orleans, LLC ENO | $20.90 | $25.90 | +24% |
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