Norooholdings (000320) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Norooholdings stock KRW 35,724, price KRW 14,240, upside +150.9%, quality 56 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 8,350 KRW – 35,257 KRW · fair‑value band 26,469 KRW – 44,979 KRW · the 14,240 KRW price screens below the 35,724 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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NOROO Holdings Co., Ltd. operates as a general fine chemical company in South Korea. It produces industrial materials, such as paints, inks, and resins; and color chemicals used in automobiles and building interiors, as well as offers plastic products for automobiles and home appliances.
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The company is also involved in the distribution, processing, sale, and seed cultivation of agricultural products; investment; seed production; intellectual property management and rental; transportation intermediary agency and brokerage; and O2O service businesses.
In addition, it provides color consulting and design services; manufactures and sells thinners; and engages in the color education business. The company was formerly known as DPI Holdings Co., Ltd. and changed its name to NOROO Holdings Co., Ltd. in March 2010.
NOROO Holdings Co., Ltd. was founded in 1945 and is headquartered in Anyang-Si, South Korea.
Stock analysis
Norooholdings (000320) currently trades at 14,240 KRW, while our model-based Fair Value estimate is 35,724 KRW, implying the stock looks roughly 60% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 50,491 KRW per share, and 24 of the 26 models we run sit above the 14,240 KRW price.
Bear case: the Dividend Discount group reads lowest at 12,301 KRW, and 2 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 26,469 KRW (bear) to 44,979 KRW (bull), the price of 14,240 KRW sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Norooholdings reported revenue of 1.2T KRW in FY2025 versus 955B KRW in FY2021, a compound +6.7%/yr. Reported net income was 32.4B KRW in FY2025, compounding +112.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 146B KRW (≈ $108M) Micro · P/E ratio 4.1 · P/S ratio 0.12 · EPS (TTM) 3,409 KRW · Dividend yield 4.2% · Net margin 3.0% · Return on equity 9.3% · Return on assets (EBIT) 4.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 151%, 000320 screens cheaper than that median.
Fair Value models
Bear26,469 KRWFair Value 35,724 KRWBull44,979 KRW
Price 14,240 KRW · Upside +150.9%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2,409 KRW per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF34,247 KRW44,937 KRW58,583 KRW81
Growth DCF34,303 KRW43,513 KRW54,534 KRW79
Owner Earnings34,237 KRW44,923 KRW58,564 KRW77
All 26 models by family
DCF Models
FCF DCF34,247 KRW44,937 KRW58,583 KRW81
Owner Earnings34,237 KRW44,923 KRW58,564 KRW77
5Y Revenue Exit36,512 KRW52,855 KRW73,619 KRW72
5Y EBITDA Exit38,113 KRW55,855 KRW76,421 KRW75
5Y P/E Exit39,590 KRW58,620 KRW78,528 KRW70
10Y Revenue Exit34,438 KRW47,834 KRW65,640 KRW66
10Y EBITDA Exit36,069 KRW49,652 KRW67,507 KRW68
10Y P/E Exit36,892 KRW51,329 KRW68,911 KRW64
Earnings-Based
Graham-Dodd21,339 KRW67,382 KRW89,744 KRW64
Lynch FV14,784 KRW21,120 KRW27,456 KRW61
PEG = 1.014,784 KRW21,120 KRW27,456 KRW57
EPV30,547 KRW33,328 KRW35,602 KRW73
Dividend Discount
Gordon GGM7,602 KRW12,994 KRW17,132 KRW68
DDM Multi-Stage7,602 KRW11,607 KRW13,954 KRW67
Multiples
P/E Multiple40,011 KRW53,348 KRW66,685 KRW63
P/S Multiple40,011 KRW53,348 KRW66,685 KRW57
P/B Multiple12,667 KRW16,889 KRW21,111 KRW55
EV/EBIT34,829 KRW47,015 KRW59,202 KRW65
EV/EBITDA35,372 KRW47,739 KRW60,107 KRW67
EV/Revenue29,954 KRW43,533 KRW57,112 KRW52
Asset-Based
NCAV (Graham)10,109 KRW15,317 KRW19,146 KRW54
Growth DCF
Growth DCF34,303 KRW43,513 KRW54,534 KRW79
Rev-Margin DCF36,512 KRW52,926 KRW71,860 KRW72
Economic Profit
Residual Income35,578 KRW35,619 KRW37,739 KRW76
ROIC Compounder30,547 KRW33,328 KRW35,602 KRW71
Growth Earnings
Growth-Adj P/E34,094 KRW48,706 KRW63,318 KRW67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
Start year 2020 (pandemic). Over 10 years: +6.1% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.0%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +52.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +47.9%
Dividend (yield on the price)4.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 47.9% / 11.7%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 5%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 447 per share, median 1047 in 2016 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−31.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −33.1% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 728 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+150.9% · Top 25%
Profitability
Return on equity (12 months)9.3% · Above median
Return on assets4.6% · Above median
Net margin (12 months)5.4% · Below median
Operating margin (12 months)8.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)2.1% · Below median
Dividend yield (12 months)4.2% · Top 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Norooholdings Fair Value". https://www.fairvalue-calculator.com/stock/000320
Frequently asked questions
Is Norooholdings (000320) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 35,724 KRW versus a price of 14,240 KRW, about +151% upside (undervalued).
What is the fair value of 000320?
Our model-based fair value for Norooholdings is 35,724 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 14,240 KRW.
What is the quality score of 000320?
Norooholdings has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Norooholdings (000320)?
Our model-based price target is the fair value of 35,724 KRW (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 26,469 KRW, optimistic scenario 44,979 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Norooholdings stock forecast for 2026?
Our models put fair value at 35,724 KRW, about +151% upside versus a price of 14,240 KRW (undervalued). Cautious scenario 26,469 KRW, optimistic scenario 44,979 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Norooholdings (000320)?
Norooholdings reported trailing-twelve-month revenue of about 1.3T KRW (latest available figure, as of Nov 8, 2026).
Does Norooholdings pay a dividend?
Norooholdings currently shows a dividend yield of 4.21% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Norooholdings (000320) and when is the ex-dividend date?
Norooholdings pays a dividend of 600.00 KRW per share a year, a dividend yield of 4.2%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2007. The payout ratio is 17.6% of earnings. Free cash flow covers the dividend 8.38 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Norooholdings (000320)?
For today's price to be fair in a discounted-cash-flow model, Norooholdings would have to grow free cash flow by -31.8 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 000320 use?
Our models discount Norooholdings at 12.0 %: a base by market capitalisation (micro), damped by beta 0.66, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Norooholdings that is -31.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Norooholdings (000320) delivered so far?
Over the past 5 years revenue at Norooholdings grew +7.9 % a year. The price currently implies free-cash-flow growth of -31.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Norooholdings (000320) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Norooholdings (-31.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Norooholdings (000320)?
The free-cash-flow yield on the price is 35.60 %: that much free cash flow Norooholdings produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Norooholdings (000320)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Norooholdings it is 35,724 KRW per share (as of Nov 8, 2026), against a price of 14,240 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Norooholdings stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 000320 trades below its calculated fair value: price 14,240 KRW, fair value 35,724 KRW, a gap of about +151% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 000320?
No. The price is what the market pays today (14,240 KRW); the fair value is what the company's own numbers justify (35,724 KRW). For Norooholdings the two are 21,484 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Norooholdings worth?
The market values Norooholdings at about 146B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 14,240 KRW; our models calculate a fair value of 35,724 KRW per share.
What do the bullish and bearish scenarios say about 000320?
Our models span a range for Norooholdings: cautious scenario 26,469 KRW, base 35,724 KRW, optimistic 44,979 KRW per share (as of Nov 8, 2026, price 14,240 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000320?
Norooholdings trades at a price-to-earnings ratio of 4.1 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 35,724 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 6.7. Other multiples: P/B 0.3, P/S 0.2.
How solid is the balance sheet of Norooholdings (000320)?
Balance-sheet figures for Norooholdings (as of Nov 8, 2026): return on equity 9.3%, debt of 0.07 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 000320 from its 52-week high?
Norooholdings trades at 14,240 KRW, about 50% below its 52-week high of 28,600 KRW and 3% above the low of 13,810 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 35,724 KRW is for.
Which stocks are comparable to Norooholdings?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Norooholdings stock attractive at the current price?
The data as of Nov 8, 2026: price 14,240 KRW, calculated fair value 35,724 KRW (+151%), Quality Score 56/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 000320 calculated?
We run Norooholdings through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 35,724 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Norooholdings currently trades 60% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Norooholdings (000320)?
The closing price on Nov 6, 2026 was 14,240 KRW. Our model-based fair value is 35,724 KRW, about +151% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Norooholdings right now?
The price is below even our cautious bear case (26,469 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Norooholdings
How large is the market capitalisation of Norooholdings (000320)?
The market capitalisation of Norooholdings is 146B KRW (≈ $108M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Norooholdings (000320)?
The price-to-sales ratio of Norooholdings is 0.12 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Norooholdings (000320)?
Earnings per share at Norooholdings are 3,409 KRW (price ÷ EPS = P/E 4.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Norooholdings (000320)?
The dividend yield of Norooholdings is 4.2% (payout 17.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Norooholdings (000320)?
The net margin of Norooholdings is 3.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Norooholdings (000320)?
The return on equity (ROE) of Norooholdings is 9.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Norooholdings (000320)?
On an EBIT basis the return on assets of Norooholdings is 4.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Norooholdings (000320)?
The operating margin of Norooholdings is 8.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Norooholdings (000320)?
Revenue at Norooholdings is growing +2.1% versus a year earlier (3y avg +6.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Norooholdings (000320)?
Earnings per share at Norooholdings are growing +48.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Norooholdings (000320) carry?
The net debt of Norooholdings is 32.3B KRW (fiscal year 2023, ≈ 0.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 8, 2026