KRX: 069960.KS, 281820.KS, 214320.KS, 002350.KS
Korea & Asia Primary Filings · Live DART Audit
Korea KRX DART Primary-Filing Valuation Audit (Nov 04, 2026): 069960.KS, 281820.KS, 214320.KS, 002350.KS
As of 2026-11-04 18:30 KST · Primary Source: Korea FSS OpenDART (K-IFRS) & KRX Live Multiples
Executive Summary: Cross-checking 5 Korea Exchange (KRX) primary regulatory filings submitted to FSS OpenDART (069960.KS, 281820.KS, 214320.KS, 002350.KS) against live market capitalization, annualized operating profit multiples (P/Ann.OP), and price-to-book (P/B) ratios. Full institutional research archive & newsletter updates are available at Asia Filing Notes Substack Hub →.
| Issuer (KRX Code) | DART Filing Print & Live Multiples | Valuation Verdict |
|---|---|---|
| Hyundai Dept Store (KRX:069960) Peers: $COST $WMT | OP 79.3B KRW (QoQ -19.7%, YoY -8.7%) | MktCap 1,758B KRW, P/Ann.OP 5.5x, Fwd P/E 6.7x, P/B 0.37x | UNDERVALUED [1] |
| KC Tech (KRX:281820) Peers: $AMAT $LRCX | OP 23.5B KRW (QoQ -32.5%, YoY +50.6%) | MktCap 1,451B KRW, P/Ann.OP 15.4x, P/E 17.2x, P/B 2.52x | FAIR VALUE [2] |
| INNOCEAN (KRX:214320) Peers: $OMC $IPG | OP 44.6B KRW (QoQ +12.1%, YoY +22.5%) | MktCap 700B KRW, P/Ann.OP 3.9x, Fwd P/E 6.0x, P/B 0.61x | UNDERVALUED [3] |
| Nexen Tire (KRX:002350) Peers: $GT $TSLA | OP 34.3B KRW (QoQ -36.7%, YoY -19.5%) | MktCap 571B KRW, P/Ann.OP 4.2x, Fwd P/E 5.6x, P/B 0.28x | UNDERVALUED [4] |
| Sanil Electric (KRX:062040) Peers: $ETN $GEV | OP 18.1B KRW (QoQ -47.4%, YoY -61.1%) | MktCap 4,790B KRW, P/Ann.OP 66.2x, Fwd P/E 22.8x, P/B 7.20x | FAIR VALUE [5] |
Issuer-by-Issuer K-IFRS Filing & Valuation Breakdown
- Hyundai Dept Store (KRX:069960 · #HyundaiDeptStore — UNDERVALUED): Reported preliminary operating profit of 79.3B KRW (QoQ -19.7%, YoY -8.7% (7.42% OPM)), placing the 1,758B KRW market cap at 5.5x annualized OP and 0.37x P/B. Key catalyst is confirming non-operating FX/finance spreads in the full quarterly footnotes. Global peer comparison:
$COST $WMT. [1] - KC Tech (KRX:281820 · #KCTech — FAIR VALUE): Reported preliminary operating profit of 23.5B KRW (QoQ -32.5%, YoY +50.6% (20.85% OPM)), placing the 1,451B KRW market cap at 15.4x annualized OP and 2.52x P/B. Key catalyst is confirming non-operating FX/finance spreads in the full quarterly footnotes. Global peer comparison:
$AMAT $LRCX. [2] - INNOCEAN (KRX:214320 · #INNOCEAN — UNDERVALUED): Reported preliminary operating profit of 44.6B KRW (QoQ +12.1%, YoY +22.5% (8.94% OPM)), placing the 700B KRW market cap at 3.9x annualized OP and 0.61x P/B. Key catalyst is confirming non-operating FX/finance spreads in the full quarterly footnotes. Global peer comparison:
$OMC $IPG. [3] - Nexen Tire (KRX:002350 · #NexenTire — UNDERVALUED): Reported preliminary operating profit of 34.3B KRW (QoQ -36.7%, YoY -19.5% (3.85% OPM)), placing the 571B KRW market cap at 4.2x annualized OP and 0.28x P/B. Key catalyst is confirming non-operating FX/finance spreads in the full quarterly footnotes. Global peer comparison:
$GT $TSLA. [4] - Sanil Electric (KRX:062040 · #SanilElectric — FAIR VALUE): Reported preliminary operating profit of 18.1B KRW (QoQ -47.4%, YoY -61.1% (2.22% OPM)), placing the 4,790B KRW market cap at 66.2x annualized OP and 7.20x P/B. Key catalyst is confirming non-operating FX/finance spreads in the full quarterly footnotes. Global peer comparison:
$ETN $GEV. [5]
Primary Regulatory Sources (FSS OpenDART)
- FSS OpenDART Primary Filing (Hyundai Dept Store, KRX:069960, rcpNo=20261104800610), 2026-11-04.
- FSS OpenDART Primary Filing (KC Tech, KRX:281820, rcpNo=20261104800547), 2026-11-04.
- FSS OpenDART Primary Filing (INNOCEAN, KRX:214320, rcpNo=20261104800531), 2026-11-04.
- FSS OpenDART Primary Filing (Nexen Tire, KRX:002350, rcpNo=20261104800516), 2026-11-04.
- FSS OpenDART Primary Filing (Sanil Electric, KRX:062040, rcpNo=20261104800349), 2026-11-04.
Personal analysis record based on public regulatory filings. Not investment advice or a solicitation to buy or sell any security.