Pulmuone Holdi (017810) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Pulmuone Holdi stock KRW 10,919, price KRW 8,020, upside +36.1%, quality 50 out of 100. Rating: undervalued. Calculated from audited financials with 24 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 8, 2026.
How to read this chart
60‑month range 8,020 KRW – 20,807 KRW · fair‑value band 7,725 KRW – 13,648 KRW · the 8,020 KRW price screens below the 10,919 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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Pulmuone Corporate manufactures, sells, and distributes foods and beverages in South Korea, the United States, China, and Japan. The company provides functional foods, mineral water, and fermented milk products, as well as meal, concession, and catering services; and distributes whole foods.
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It also offers health and living solutions. Pulmuone Corporate was founded in 1981 and is headquartered in Eumseong-eup, South Korea.
Stock analysis
Pulmuone Holdi (017810) currently trades at 8,020 KRW, while our model-based Fair Value estimate is 10,919 KRW, implying the stock looks roughly 27% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 25,608 KRW per share, and 18 of the 24 models we run sit above the 8,020 KRW price.
Bear case: the Asset-Based group reads lowest at 3,457 KRW, and 6 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 7,725 KRW (bear) to 13,648 KRW (bull), the price of 8,020 KRW sits inside 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 50/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Pulmuone Holdi reported revenue of 3.4T KRW in FY2025 versus 2.5T KRW in FY2021, a compound +7.6%/yr. Reported net income was 18.1B KRW in FY2025, compounding +7.9%/yr from FY2021.
Key figures
Market cap 296B KRW (≈ $219M) Micro · P/E ratio 10.3 · P/S ratio 0.09 · EPS (TTM) 779.87 KRW · Dividend yield 1.3% · Net margin 1.3% · Return on equity 7.4% · Return on assets (EBIT) 2.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (medium confidence).
What moves the price
The share trades about 41% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at 36%, 017810 screens cheaper than that median.
Fair Value models
Bear7,725 KRWFair Value 10,919 KRWBull13,648 KRW
Price 8,020 KRW · Upside +36.1%
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 (581.30 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.
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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.2%
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.
+6.0%
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: +6.2% 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.
+11.7%
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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.
+7.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.2%
Dividend (yield on the price)1.3%
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.6.2% vs 0.2%, picking up
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.2% → 3%
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).
+48.2%
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 +45.2% 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.Packaged Foods · 627 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+36.1% · Above median
Profitability
Return on equity (12 months)7.4% · Below median
Return on assets0.8% · Bottom 25%
Net margin (12 months)1.3% · Below median
Operating margin (12 months)2.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)6.5% · Above median
Dividend yield (12 months)1.3% · Bottom 25%
Balance sheet
Debt / equity0.67× · Highest 25%
Valuation Multiplesvs Packaged Foods median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Pulmuone Holdi Fair Value". https://www.fairvalue-calculator.com/stock/017810
Frequently asked questions
Is Pulmuone Holdi (017810) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 10,919 KRW versus a price of 8,020 KRW, about +36% upside (undervalued).
What is the fair value of 017810?
Our model-based fair value for Pulmuone Holdi is 10,919 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 8,020 KRW.
What is the quality score of 017810?
Pulmuone Holdi has a Quality Score of 50/100. 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 Pulmuone Holdi (017810)?
Our model-based price target is the fair value of 10,919 KRW (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 7,725 KRW, optimistic scenario 13,648 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Pulmuone Holdi stock forecast for 2026?
Our models put fair value at 10,919 KRW, about +36% upside versus a price of 8,020 KRW (undervalued). Cautious scenario 7,725 KRW, optimistic scenario 13,648 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Pulmuone Holdi (017810)?
Pulmuone Holdi reported trailing-twelve-month revenue of about 3.5T KRW (latest available figure, as of Nov 8, 2026).
Does Pulmuone Holdi pay a dividend?
Pulmuone Holdi currently shows a dividend yield of 1.27% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Pulmuone Holdi (017810) and when is the ex-dividend date?
Pulmuone Holdi pays a dividend of 102.00 KRW per share a year, a dividend yield of 1.3%. The last ex-dividend date was Mar 31, 2026. The payout ratio is 13.1% of earnings. Free cash flow covers the dividend 2.47 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 Pulmuone Holdi (017810)?
For today's price to be fair in a discounted-cash-flow model, Pulmuone Holdi would have to grow free cash flow by +48.2 % per year for five years (discount rate 11.6 %, 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 017810 use?
Our models discount Pulmuone Holdi at 11.6 %: a base by market capitalisation (micro), damped by beta 0.38, 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 Pulmuone Holdi that is +48.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Pulmuone Holdi (017810) delivered so far?
Over the past 5 years revenue at Pulmuone Holdi grew +7.9 % a year. The price currently implies free-cash-flow growth of +48.2 % 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 Pulmuone Holdi (017810) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Pulmuone Holdi (+48.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Pulmuone Holdi (017810)?
The free-cash-flow yield on the price is 3.14 %: that much free cash flow Pulmuone Holdi produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Pulmuone Holdi (017810)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pulmuone Holdi it is 10,919 KRW per share (as of Nov 8, 2026), against a price of 8,020 KRW. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Pulmuone Holdi stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 017810 trades below its calculated fair value: price 8,020 KRW, fair value 10,919 KRW, a gap of about +36% (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 017810?
No. The price is what the market pays today (8,020 KRW); the fair value is what the company's own numbers justify (10,919 KRW). For Pulmuone Holdi the two are 2,899 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Pulmuone Holdi worth?
The market values Pulmuone Holdi at about 296B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 8,020 KRW; our models calculate a fair value of 10,919 KRW per share.
What do the bullish and bearish scenarios say about 017810?
Our models span a range for Pulmuone Holdi: cautious scenario 7,725 KRW, base 10,919 KRW, optimistic 13,648 KRW per share (as of Nov 8, 2026, price 8,020 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 017810?
Pulmuone Holdi trades at a price-to-earnings ratio of 10.3 (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 10,919 KRW is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2019 to 2025), reported earnings: 32.1. Other multiples: P/B 1.0, P/S 0.1, EV/EBITDA 1.3.
How solid is the balance sheet of Pulmuone Holdi (017810)?
Balance-sheet figures for Pulmuone Holdi (as of Nov 8, 2026): return on equity 7.4%, debt of 0.67 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 017810 from its 52-week high?
Pulmuone Holdi trades at 8,020 KRW, about 41% below its 52-week high of 13,681 KRW and at the low of 8,020 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 10,919 KRW is for.
Which stocks are comparable to Pulmuone Holdi?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, 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 Pulmuone Holdi stock attractive at the current price?
The data as of Nov 8, 2026: price 8,020 KRW, calculated fair value 10,919 KRW (+36%), Quality Score 50/100, from 24 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 017810 calculated?
We run Pulmuone Holdi through 24 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 10,919 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. Pulmuone Holdi currently trades 27% 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 Pulmuone Holdi (017810)?
The closing price on Nov 9, 2026 was 8,020 KRW. Our model-based fair value is 10,919 KRW, about +36% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pulmuone Holdi right now?
Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Pulmuone Holdi
How large is the market capitalisation of Pulmuone Holdi (017810)?
The market capitalisation of Pulmuone Holdi is 296B KRW (≈ $219M). 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 Pulmuone Holdi (017810)?
The price-to-sales ratio of Pulmuone Holdi is 0.09 (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 Pulmuone Holdi (017810)?
Earnings per share at Pulmuone Holdi are 779.87 KRW (price ÷ EPS = P/E 10.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Pulmuone Holdi (017810)?
The dividend yield of Pulmuone Holdi is 1.3% (payout 13.1%). 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 Pulmuone Holdi (017810)?
The net margin of Pulmuone Holdi is 1.3% (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 Pulmuone Holdi (017810)?
The return on equity (ROE) of Pulmuone Holdi is 7.4% (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 Pulmuone Holdi (017810)?
On an EBIT basis the return on assets of Pulmuone Holdi is 2.8% (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 Pulmuone Holdi (017810)?
The operating margin of Pulmuone Holdi is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pulmuone Holdi (017810)?
Revenue at Pulmuone Holdi is growing +6.5% versus a year earlier (3y avg +6.0%). 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 Pulmuone Holdi (017810)?
Earnings per share at Pulmuone Holdi are growing −92.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Pulmuone Holdi (017810) carry?
The net debt of Pulmuone Holdi is 674B KRW (fiscal year 2025, ≈ 72.6 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 8, 2026