Kyungin Synthe (012610) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kyungin Synthe stock KRW 4,030, price KRW 2,900, upside +39.0%, quality 54 out of 100. Rating: undervalued. Calculated from audited financials with 25 of our 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 9, 2026.
How to read this chart
60‑month range 2,492 KRW – 7,029 KRW · fair‑value band 3,403 KRW – 4,511 KRW · the 2,900 KRW price screens below the 4,030 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.
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Kyungin Synthetic Co., Ltd. develops, manufactures, and sells dyes, inks, fine chemicals, and other materials for use in textiles, food, and electronic products in South Korea.
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The company offers inks for digital textile printing and UV printing, as well as dyes for inks; reactive dyes, disperse dyes, acid dyes, CDP basic dyes, and optical brightening agents; electronic materials; and fine chemicals, such as saccharin, sulfur, and inorganic products.
It also provides organic materials for displays, semiconductor, photoactive compounds, pigments, and functional materials. Kyungin Synthetic Co., Ltd. was founded in 1971 and is headquartered in Seoul, South Korea.
Stock analysis
Kyungin Synthe (012610) currently trades at 2,900 KRW, while our model-based Fair Value estimate is 4,030 KRW, implying the stock looks roughly 28% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 6,216 KRW per share, and 14 of the 25 models we run sit above the 2,900 KRW price.
Bear case: the Dividend Discount group reads lowest at 554.74 KRW, and 11 of the 25 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 3,403 KRW (bear) to 4,511 KRW (bull), the price of 2,900 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 54/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kyungin Synthe reported revenue of 380B KRW in FY2025 versus 403B KRW in FY2021, a compound −1.5%/yr. Reported net income was 5.6B KRW in FY2025, compounding −30.6%/yr from FY2021.
Key figures
Market cap 119B KRW (≈ $87.9M) Micro · P/E ratio 6.1 · P/S ratio 0.29 · EPS (TTM) 493.23 KRW · Dividend yield 1.7% · Net margin 5.0% · Return on equity 7.7% · Return on assets (EBIT) 3.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 52% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −24% fair-value upside, at 39%, 012610 screens cheaper than that median.
Fair Value models
Bear3,403 KRWFair Value 4,030 KRWBull4,511 KRW
Price 2,900 KRW · Upside +39.0%
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 (380.09 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 DCF4,779 KRW6,187 KRW7,820 KRW82
Growth DCF4,816 KRW6,071 KRW7,458 KRW80
Owner Earnings4,549 KRW5,886 KRW7,436 KRW78
All 25 models by family
DCF Models
FCF DCF4,779 KRW6,187 KRW7,820 KRW82
Owner Earnings4,549 KRW5,886 KRW7,436 KRW78
5Y Revenue Exit4,418 KRW6,289 KRW8,571 KRW73
5Y EBITDA Exit6,168 KRW9,428 KRW13,087 KRW75
5Y P/E Exit3,132 KRW3,981 KRW4,799 KRW72
10Y Revenue Exit4,452 KRW5,979 KRW7,841 KRW68
10Y EBITDA Exit5,463 KRW7,772 KRW10,628 KRW69
10Y P/E Exit3,859 KRW4,662 KRW5,514 KRW65
Earnings-Based
Graham-Dodd938.43 KRW2,359 KRW3,063 KRW65
PEG = 1.0433.75 KRW619.64 KRW805.53 KRW57
EPV2,216 KRW2,449 KRW2,638 KRW74
Dividend Discount
Gordon GGM378.44 KRW589.11 KRW782.44 KRW68
DDM Multi-Stage378.44 KRW520.36 KRW641.86 KRW67
Multiples
P/E Multiple1,760 KRW2,346 KRW2,933 KRW63
P/S Multiple1,760 KRW2,346 KRW2,933 KRW58
P/B Multiple4,746 KRW6,328 KRW7,910 KRW55
EV/EBIT901.50 KRW2,509 KRW4,116 KRW61
EV/EBITDA4,253 KRW6,977 KRW9,702 KRW65
EV/Revenue258.64 KRW2,049 KRW3,840 KRW47
Asset-Based
NCAV (Graham)2,897 KRW3,882 KRW5,794 KRW54
Growth DCF
Growth DCF4,816 KRW6,071 KRW7,458 KRW80
Rev-Margin DCF4,418 KRW6,361 KRW8,494 KRW73
Economic Profit
Residual Income3,290 KRW3,431 KRW3,729 KRW76
ROIC Compounder2,216 KRW2,449 KRW2,638 KRW72
Growth Earnings
Growth-Adj P/E1,383 KRW1,976 KRW2,568 KRW67
The fair value above starts from this blend and is adjusted for a cyclical trough 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.59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.5%
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.
−1.9%
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.
+2.9%
Start year 2020 (pandemic). Over 10 years: +3.7% a year
Revenue growth 21 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.
+6.8%
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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. Basis: EBIT basis. 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.
−2.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.6%
Dividend (yield on the price)1.7%
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.−21.6% vs 0.6%, slowing
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.1% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+11.2%
Yearly growth needed for the next five years to justify today's price.
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 +8.9% 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.Chemicals · 337 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+39.0% · Top 25%
Profitability
Return on equity (12 months)7.7% · Above median
Return on assets1.1% · Below median
Net margin (12 months)5.0% · Below median
Operating margin (12 months)11.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)18.6% · Above median
Dividend yield (12 months)1.7% · Above median
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs 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). "Kyungin Synthe Fair Value". https://www.fairvalue-calculator.com/stock/012610
Frequently asked questions
Is Kyungin Synthe (012610) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 4,030 KRW versus a price of 2,900 KRW, about +39% upside (undervalued).
What is the fair value of 012610?
Our model-based fair value for Kyungin Synthe is 4,030 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 2,900 KRW.
What is the quality score of 012610?
Kyungin Synthe has a Quality Score of 54/100. 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 Kyungin Synthe (012610)?
Our model-based price target is the fair value of 4,030 KRW (as of Nov 9, 2026) from 25 valuation models. Cautious scenario 3,403 KRW, optimistic scenario 4,511 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Kyungin Synthe stock forecast for 2026?
Our models put fair value at 4,030 KRW, about +39% upside versus a price of 2,900 KRW (undervalued). Cautious scenario 3,403 KRW, optimistic scenario 4,511 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Kyungin Synthe (012610)?
Kyungin Synthe reported trailing-twelve-month revenue of about 407B KRW (latest available figure, as of Nov 9, 2026).
Does Kyungin Synthe pay a dividend?
Kyungin Synthe currently shows a dividend yield of 1.72% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Kyungin Synthe (012610) and when is the ex-dividend date?
Kyungin Synthe pays a dividend of 50.00 KRW per share a year, a dividend yield of 1.7%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 1996. The payout ratio is 10.1% of earnings. Free cash flow covers the dividend 9.13 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 Kyungin Synthe (012610)?
For today's price to be fair in a discounted-cash-flow model, Kyungin Synthe would have to grow free cash flow by +11.2 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.9 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 012610 use?
Our models discount Kyungin Synthe at 12.9 %: a base by market capitalisation (micro), damped by beta 0.92, 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 Kyungin Synthe that is +11.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has Kyungin Synthe (012610) delivered so far?
Over the past 5 years revenue at Kyungin Synthe grew +2.9 % a year. The price currently implies free-cash-flow growth of +11.2 % 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 Kyungin Synthe (012610) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Kyungin Synthe (+11.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kyungin Synthe (012610)?
The free-cash-flow yield on the price is 15.68 %: that much free cash flow Kyungin Synthe produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kyungin Synthe (012610)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kyungin Synthe it is 4,030 KRW per share (as of Nov 9, 2026), against a price of 2,900 KRW. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Kyungin Synthe stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 012610 trades below its calculated fair value: price 2,900 KRW, fair value 4,030 KRW, a gap of about +39% (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 012610?
No. The price is what the market pays today (2,900 KRW); the fair value is what the company's own numbers justify (4,030 KRW). For Kyungin Synthe the two are 1,130 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Kyungin Synthe worth?
The market values Kyungin Synthe at about 119B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 2,900 KRW; our models calculate a fair value of 4,030 KRW per share.
What do the bullish and bearish scenarios say about 012610?
Our models span a range for Kyungin Synthe: cautious scenario 3,403 KRW, base 4,030 KRW, optimistic 4,511 KRW per share (as of Nov 9, 2026, price 2,900 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 012610?
Kyungin Synthe trades at a price-to-earnings ratio of 6.1 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4,030 KRW is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings: 20.1. Other multiples: P/B 0.5, P/S 0.3, EV/EBITDA 2.1.
How solid is the balance sheet of Kyungin Synthe (012610)?
Balance-sheet figures for Kyungin Synthe (as of Nov 9, 2026): return on equity 7.7%, debt of 0.13 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 012610 from its 52-week high?
Kyungin Synthe trades at 2,900 KRW, about 52% below its 52-week high of 6,090 KRW and 11% above the low of 2,620 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 4,030 KRW is for.
Which stocks are comparable to Kyungin Synthe?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Dow Inc, Ningxia Baofeng Energy Group, 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 Kyungin Synthe stock attractive at the current price?
The data as of Nov 9, 2026: price 2,900 KRW, calculated fair value 4,030 KRW (+39%), Quality Score 54/100, from 25 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 012610 calculated?
We run Kyungin Synthe through 25 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 4,030 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. Kyungin Synthe currently trades 28% 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 Kyungin Synthe (012610)?
The closing price on Nov 6, 2026 was 2,900 KRW. Our model-based fair value is 4,030 KRW, about +39% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kyungin Synthe right now?
The price is below even our cautious bear case (3,403 KRW). The market is more pessimistic than our downside scenario. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Kyungin Synthe
How large is the market capitalisation of Kyungin Synthe (012610)?
The market capitalisation of Kyungin Synthe is 119B KRW (≈ $87.9M). 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 Kyungin Synthe (012610)?
The price-to-sales ratio of Kyungin Synthe is 0.29 (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 Kyungin Synthe (012610)?
Earnings per share at Kyungin Synthe are 493.23 KRW (price ÷ EPS = P/E 6.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kyungin Synthe (012610)?
The dividend yield of Kyungin Synthe is 1.7% (payout 10.1%). 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 Kyungin Synthe (012610)?
The net margin of Kyungin Synthe is 5.0% (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 Kyungin Synthe (012610)?
The return on equity (ROE) of Kyungin Synthe is 7.7% (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 Kyungin Synthe (012610)?
On an EBIT basis the return on assets of Kyungin Synthe is 3.5% (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 Kyungin Synthe (012610)?
The operating margin of Kyungin Synthe is 11.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kyungin Synthe (012610)?
Revenue at Kyungin Synthe is growing +18.6% versus a year earlier (3y avg −1.9%). 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 Kyungin Synthe (012610)?
Earnings per share at Kyungin Synthe are growing +108% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kyungin Synthe (012610) carry?
The net debt of Kyungin Synthe is 160B KRW (fiscal year 2025, ≈ 8.6 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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Some data
Nov 9, 2026