Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Iljeong Industrial Co.,Ltd., founded in 1973 and based in Ansan, South Korea, is a key supplier of automotive fabrics. The company provides a wide array of textile materials, such as moquette, tricot, woven, plush jacquard, jersey, single knit, and headliner fabrics, to Korean car manufacturers. These specialized textiles are utilized in various vehicle interior components, including car seats, headliners, door panels, armrests, and sun visors. Additionally, Iljeong Industrial produces upholstery fabrics suitable for residential and commercial furniture, specifically for sofas and chairs in homes and hotels.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT