Shinhan Alpha REIT Co., Ltd.
293940 · KOSPI · Real Estate · ₩691.8B (approx. $518.8M)· Nat'l Pension stake 1.58% (2024-12-31)
₩5,720-0.5%vs prev closeclose of 2026-10-30 · not real-time
Valuation summary
Looks fairly valued
Founded in December 2017 and listed on the stock market in August 2018, Shinhan Alpha REIT Co., Ltd. is a real estate investment trust company.· Source: company profile (yfinance/Yahoo Finance)
Valuation summary43/100Downside rigidity77/100Upside potential46/100
vs. fair value2 analysts
+26%Undervalued
Price ₩5,720Fair value ₩7,200
vs. analyst consensus target. The target is an opinion, not a prediction or buy signal.
Score summary
Some axes lack data (–)
A summary of valuation factors — not a buy recommendation. You decide.
Data as of: 2026-10-30 · end-of-day, not real-timeData as of — price/valuation/technicals: the close date above · NPS stake: US=quarterly SEC 13F, Korea=annual · short interest: exchange's latest settlement · fundamentals: latest filing
Peers
| Company | PER | PBR | ROE | Div | Score |
|---|---|---|---|---|---|
| 신한알파리츠 | 40.9 | 1.2 | 4% | 6.3% | 43 |
| ESR켄달스퀘어리츠 | 106.8 | 0.7 | 1% | 9.3% | 44 |
| 한화리츠 | 28.9 | 1.4 | 5% | 5.0% | 42 |
| 삼성FN리츠 | 152.2 | 1.1 | 3% | 5.5% | 42 |
| 코람코라이프인프라리츠 | 27.4 | 0.8 | 3% | 8.9% | 41 |
| 한국자산신탁 | 4.5 | 0.3 | 6% | 6.6% | 58 |
Same sector, nearest by market cap · – = no data (value traps excluded)
Chart patterns matched (observational)
Technical patterns for reference — not a buy recommendation.
Price chart
View on Naver Finance →· Chart: Naver Finance
The chart (long-term trend, Ichimoku cloud) is for observation only — not a buy or sell signal.
Structure analysis · observation only
Shows only where the current price sits within the channel structure (based on past swings).
Position: 0.0~0.5 zone · Uptrend channelStructure as of 2026-10-30
Channel levels (price by multiple)
- ×3₩8,219
- ×2.5₩7,737
- ×2₩7,255
- ×1.5₩6,772
- ×1₩6,290
- ×0.5₩5,808
- Current price₩5,720
- Baseline (0)₩5,325
The channel, levels and gaps are observational geometry showing where the current price sits within past swing structure. They are not a rebound/bottom probability, a price target, or a buy/sell signal — plain chart patterns carry no reliable predictive edge (our backtest conclusion).
A highlight of the key metrics detailed below.
Undervalued vs sector 37/100 within Real Estate — higher means lower multiples (PER·PB·EV/EBITDA·PSR) than sector peers. Growth sectors carry higher multiples, so this is a same-sector relative view, not absolute cheapness (observational).
Why it looks cheap
- Dividend Yield6.3%
Why it might be risky
- P/E (Price/Earnings)40.9
- Forward P/E21.7
- P/S (Price/Sales)4.1
Strategy ranks
Top-tier in 1 of 1 evaluated strategies
Ranks within the Korea market — tap to open that ranking (ranks are per market).
Valuation
- P/E (Price/Earnings)
- 40.9
- Forward P/E
- 21.7
- P/B (Price/Book)
- 1.2
- PEG
- –
- P/S (Price/Sales)
- 4.1
- Dividend Yield
- 6.3%
- FCF Yield
- –
- EV/EBITDA
- –
- EV/Sales
- –
- Net Debt / EBITDA
- –
- P/CF (Price/Cash Flow)
- –
Quality & growth
- ROE (Return on Equity)
- 3.8%
- ROA (Return on Assets)
- 2.5%
- Rule of 40
- –
- Earnings Growth
- –
Past returns
1M
+2.3%
3M
+10.4%
6M
-4.6%
1Y
+10.4%
3Y
+18.6%
5Y
+6.2%
Past returns — they do not guarantee future results.
More indicators
Sortino
0.85
Downside vol
13.85%
Max drawdown (3y)
-19.24%
Shallow drop from peak
Volatility (annual.)
20.56%
Small price swings
RSI(14) daily
64.00
RSI(14) weekly
60.30
RSI(14) monthly
57.30
vs 200d MA
4.83%
Above 200-day avg
Trend slope (annualized)
0.78%
No clear trend
FCF margin
29.22%
Beta
0.10
Moves less than market
Payout ratio
218.29%
Over 100% — caution
Price/Graham
1.47
Around fair value
Golden cross
○ aligned
Color: green = healthy, red = caution (absolute thresholds, value/quality metrics only). Downside vol & Sortino are annualized. Max drawdown = largest drop from a 3-year peak; volatility = 1-year annualized. Price/Graham < 1 = below Graham fair value (profitable, positive-equity names only). RSI < 30 = oversold. For reference only.
Long-term trend (Ichimoku)
A Japanese trend tool. Price above the 'cloud' is supportive; below is weak. A strong uptrend doesn't mean it's cheap — stocks that have run up are usually more expensive.
D
Above the cloud (supportive)
W
Above the cloud (supportive)
M
Above the cloud (supportive)