Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Kiswire Ltd. is a global leader in the manufacturing of specialized steel wire products, catering primarily to the construction, automotive, engineering, and energy sectors. Established in 1945 and headquartered in South Korea, the company produces a wide range of high-quality steel wire products such as wire ropes, PC strands, and tire cords, which are essential components in industrial applications worldwide. Kiswire's products are renowned for their durability, strength, and reliability, making them critical for facilitating various infrastructure and industrial projects. With an extensive international presence, Kiswire serves a diverse clientele spanning across Asia, Europe, and North America, reflecting its significant impact on the global supply chain. The company's commitment to innovation and quality has positioned it as a vital player in the manufacturing industry, supporting the advancement of modern industrial processes and construction projects. Through continuous research and development, Kiswire Ltd. not only meets but often exceeds industry standards, thereby sustaining its reputation as a leader in industrial steel wire production.
₩17,660.00
+₩20.00 (+0.11%)
Live · 11:09 AM
Operating margin is thin at 2.25%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 4.0%, steady but not accelerating. Free cash flow declined 32% despite revenue growth, conversion is weakening.
Free cash flow declined 32% versus the prior year, cash generation momentum has weakened.
20.9x earnings, 11.7x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
₩1.80T
▲ +4.0% YoY
Net Income (TTM)
₩19.50B
▼ -86.0% YoY
Op. Margin
2.20%
▲ +0.8pp YoY
ROIC
0.95%
Cash Flow & Balance Sheet
FCF (TTM)
₩40.69B
▼ -32.4% YoY
Op. Cash Flow (TTM)
₩101.88B
▲ +72.2% YoY
Net Debt
-₩20.82B
Net Cash Position
Cash & Equiv.
₩218.24B
3Y CAGR: -4.4%
3Y CAGR: -9.6%
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At a P/E of 20.9 and a price-to-free-cash-flow of 11.7, Kiswire (002240.XKRX) trades below a two-stage DCF intrinsic value of about KRW 26,889.08 per share, so at KRW 17,660.00 the stock looks undervalued (52.3% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Kiswire scores 32/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.9%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about KRW 26,889.08 per share for 002240.XKRX, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around KRW 20,166.81. At today's KRW 17,660.00, that puts the stock about 52.3% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Kiswire scores 32 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 2.2% operating margin and a 0.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Kiswire pays a regular dividend of about KRW 335.96 per share per year (typically in quarterly installments), a yield of roughly 1.9% at the current price. That is a payout ratio of about 46.5% of earnings, so the dividend is well covered. Kiswire has grown the dividend at roughly 10.9% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For 002240.XKRX's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. 002240.XKRX currently trades below its estimated intrinsic value and scores 32/100 on quality (lower-quality). It also yields about 1.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.