Korean Airlines Co.,Ltd.

KOSE:A003490 Stock Report

Market Cap: ₩9.0t

Korean AirlinesLtd Valuation

Is A003490 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A003490 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A003490 (₩24300) is trading below our estimate of fair value (₩66581.52)

Significantly Below Fair Value: A003490 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A003490?

Key metric: As A003490 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A003490. This is calculated by dividing A003490's market cap by their current earnings.
What is A003490's PE Ratio?
PE Ratio8.3x
Earnings₩1.08t
Market Cap₩8.97t

Price to Earnings Ratio vs Peers

How does A003490's PE Ratio compare to its peers?

The above table shows the PE ratio for A003490 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.2x
A089590 Jeju Air
6.3x3.9%₩687.3b
A091810 T'Way Air
11.2x44.9%₩543.3b
601021 Spring Airlines
24.7x26.6%CN¥54.0b
LHA Deutsche Lufthansa
6.6x14.8%€7.5b
A003490 Korean AirlinesLtd
8.3x10.2%₩9.0t

Price-To-Earnings vs Peers: A003490 is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (12.2x).

Price to Earnings Ratio vs Industry

How does A003490's PE Ratio compare vs other companies in the Asian Airlines Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
A003490 8.3xIndustry Avg. 11.6xNo. of Companies7PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: A003490 is good value based on its Price-To-Earnings Ratio (8.3x) compared to the Asian Airlines industry average (11.6x).

Price to Earnings Ratio vs Fair Ratio

What is A003490's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A003490 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.3x
Fair PE Ratio12.8x

Price-To-Earnings vs Fair Ratio: A003490 is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (12.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst A003490 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₩24,300.00
₩32,250.00
+32.7%
4.0%₩35,000.00₩30,000.00n/a12
Dec ’25₩25,950.00
₩32,076.92
+23.6%
4.3%₩35,000.00₩30,000.00n/a13
Nov ’25₩23,600.00
₩31,000.00
+31.4%
4.4%₩35,000.00₩30,000.00n/a13
Oct ’25₩22,550.00
₩30,583.33
+35.6%
2.8%₩32,000.00₩29,000.00n/a12
Sep ’25₩22,050.00
₩30,583.33
+38.7%
2.8%₩32,000.00₩29,000.00n/a12
Aug ’25₩21,200.00
₩30,583.33
+44.3%
2.8%₩32,000.00₩29,000.00n/a12
Jul ’25₩23,550.00
₩30,416.67
+29.2%
2.5%₩32,000.00₩29,000.00n/a12
Jun ’25₩20,850.00
₩30,416.67
+45.9%
2.5%₩32,000.00₩29,000.00n/a12
May ’25₩20,950.00
₩30,666.67
+46.4%
3.4%₩33,000.00₩29,000.00n/a12
Apr ’25₩22,050.00
₩30,833.33
+39.8%
2.9%₩33,000.00₩30,000.00n/a12
Mar ’25₩23,000.00
₩30,833.33
+34.1%
2.9%₩33,000.00₩30,000.00n/a12
Feb ’25₩22,700.00
₩30,833.33
+35.8%
2.9%₩33,000.00₩30,000.00n/a12
Jan ’25₩23,900.00
₩30,300.00
+26.8%
6.1%₩32,000.00₩26,000.00n/a10
Dec ’24₩22,350.00
₩30,363.64
+35.9%
5.8%₩32,000.00₩26,000.00₩25,950.0011
Nov ’24₩20,200.00
₩30,272.73
+49.9%
6.0%₩32,000.00₩26,000.00₩23,600.0011
Oct ’24₩21,750.00
₩33,700.00
+54.9%
5.5%₩36,000.00₩31,000.00₩22,550.0010
Sep ’24₩22,800.00
₩33,700.00
+47.8%
5.5%₩36,000.00₩31,000.00₩22,050.0010
Aug ’24₩24,850.00
₩33,700.00
+35.6%
5.5%₩36,000.00₩31,000.00₩21,200.0010
Jul ’24₩24,350.00
₩32,333.33
+32.8%
4.6%₩35,000.00₩30,000.00₩23,550.009
Jun ’24₩21,800.00
₩32,111.11
+47.3%
5.2%₩35,000.00₩30,000.00₩20,850.009
May ’24₩22,850.00
₩33,111.11
+44.9%
6.1%₩36,000.00₩30,000.00₩20,950.009
Apr ’24₩23,200.00
₩32,888.89
+41.8%
6.5%₩36,000.00₩30,000.00₩22,050.009
Mar ’24₩22,750.00
₩32,888.89
+44.6%
6.5%₩36,000.00₩30,000.00₩23,000.009
Feb ’24₩24,350.00
₩33,333.33
+36.9%
6.2%₩36,000.00₩30,000.00₩22,700.009
Jan ’24₩22,950.00
₩35,000.00
+52.5%
8.5%₩39,000.00₩31,000.00₩23,900.008
Dec ’23₩25,500.00
₩35,444.44
+39.0%
7.3%₩39,000.00₩31,000.00₩22,350.009

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 18:47
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Korean Airlines Co.,Ltd. is covered by 41 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Arnaud BouchetBNP Paribas Securities (Asia)
Paul Robert DewberryBofA Global Research
Min Seok ShinCape Investment & Securities Co., Ltd.