Risk factor
Very poor trading liquidity
Profitability factor
Undervalued vs peers
About
Sangsin Brake Co., Ltd., founded in 1953 and headquartered in Daegu, South Korea, operates as a global manufacturer and distributor of braking systems and friction materials for vehicles. The company offers a comprehensive range of products, including brake pads, linings, assemblies, shoe assemblies, rail brakes, retarders, tuning parts, yaw brakes, discs, and drums, all marketed under its HI-Q, HAGEN, and HARDRON brands. These essential components are utilized across a broad spectrum of vehicles, from high-performance racing and premium automobiles to passenger cars (both domestic and international), taxis, buses, and various other commercial transportation. The company officially changed its name to Sangsin Brake Co., Ltd. in March 2002, having previously been known as Sangsin Brake Ind. Co., Ltd.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is 'expensive' on EV/EBITDA, undervalued on P/FC.