SHINSEGAE FOOD Inc.

031440.KS · Consumer Defensive · Packaged Foods · Valued as of 2026-11-03 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

35.89M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

236.83M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

236.83M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

169.85M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

104.31M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

1.63×

the ratio the screener ranks by

Margin of Safety

+38.6%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 35.89M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)117.73M USD
−②Net Debt Today81.84M USD
+③Growth Value0 USD
=Value35.89M USD

EPV of the Operations (NOPAT over WACC)

117.73M USD

Net debt today

-81.84M USD

Growth Value

0 USD

Value

35.89M USD

①EPV (earnings power value)

117.73M USD

②Net Debt Today

81.84M USD

③Growth Value

0 USD

Market value

Market Cap104.31M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-190.6%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 236.83M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.

The projection was not made (a profit at or below zero in the latest three years), so the value is the book value today, 236.83M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFE

Not in the value

②Equity at Year 15, Today

Not in the value

Market value

Market Cap104.31M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+56.0%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 236.83M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (a change in working capital above half the operating profit in the latest three years), so the value is the book value today, 236.83M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap104.31M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+56.0%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 4.72%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.50×Market Risk Premium 6.00%= 7.51%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC 25.00% (default): the statements print a tax provision of -1.71M USD on a pretax income of -2.91M USD, which gives no rate between 0 and the profit before tax, so the 25% default stands for the tax the interest saves.

Interest Expense =EBIT 5.22M USD−Pretax Income -2.91M USD= 8.13M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 8.13M USDTotal Debt 190.86M USD×(1 − Tax Rate for WACC 25.00%)= 3.20%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 190.86M USDMarket Cap + Total Debt 104.31M USD + 190.86M USD= 64.66%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 35.34%×Cost of Equity 7.51%+Debt Weight 64.66%×Cost of Debt 3.20%= 4.72%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-03-31.

Total Assets 531.01M USD − Total Liabilities 294.18M USD = Book Value Today 236.83M USD

Total Debt 190.86M USD − Cash and Short-Term Investments 109.02M USD = Net Debt Today 81.84M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-6.6%at most 5%passes3,615,451 / 3,872,291
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets-1.8%at least -10.0%passes(44.21M USD − 53.75M USD) ÷ 531.01M USD
Price to bookMarket Cap ÷ Book Value Today0.44×at most 3×passes104.31M USD ÷ 236.83M USD
Operating marginOperating Income ÷ Revenue0.4%above 10.0%does not pass3.32M USD ÷ 858.52M USD
Revenue growthRevenue ÷ Revenue a Year Before − 1-0.1%above 10.0%does not pass858.52M USD / 859.04M USD
Net cash(Cash − Total Debt) ÷ Market Cap-120.1%above -30%does not pass(65.58M USD − 190.86M USD) ÷ 104.31M USD
Operating efficiencyOperating Income ÷ Gross Profit2.3%above 25.0%does not pass3.32M USD ÷ 145.45M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

38188.15 KRW

Enterprise value

262.14B KRW

the provider's own figure

EV / EBITDA

5.46×

Price / book

—

the provider's book

Price / earnings

—

Return on equity

-0.1%

the provider's figure, not this page's

Profit margin

6.1%

Revenue growth

3.5%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2022202320242025
Income statement

Revenue

1.12B1.17B859.04M858.52M

Gross profit

164.21M183.69M150.24M145.45M

Operating income

16.34M20.70M71.11K3.32M

EBITDA

operating income before depreciation and amortisation

46.53M60.06M32.47M36.61M

Pretax income

-3.86M11.69M-9.89M-2.91M

Net income

-4.28M8.34M7.64M53.75M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

8.56M10.47M-3.70M69.63K

R&D

569.37K466.19K344.22K769.32K
Balance sheet, year end

Total assets

717.97M685.80M568.71M566.35M

Total liabilities

485.99M458.72M368.50M317.18M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

231.98M227.09M200.21M249.16M

Total debt

355.50M309.78M232.37M186.76M

Cash and equivalents

61.36M53.56M72.31M71.59M

Net PP&E

fixed assets after depreciation

290.79M266.93M210.43M197.47M

Working capital

current assets less current liabilities

15.90M-54.14M92.65M52.67M
Cash flow

Operating cash flow

16.63M69.55M67.47M44.21M

Capital expenditure

paid out, so below zero

-31.76M-30.89M-10.44M-12.87M

Depreciation and amortisation

41.14M37.49M32.28M31.39M

Free cash flow

operating cash flow plus capital expenditure

-15.14M38.65M57.03M31.34M