COWAY Co. Ltd (021240) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of COWAY Co. Ltd stock KRW 76,574, price KRW 107,600, that is 28.8% below the price, quality 52 out of 100. Rating: overvalued. Calculated from audited financials with 17 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 36,269 KRW – 109,800 KRW · fair‑value band 56,541 KRW – 126,198 KRW · the 107,600 KRW price screens above the 76,574 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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COWAY Co., Ltd. engages in the production and sale of environmental home appliances in South Korea and internationally.
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The company provides air purifiers, water purifiers, bidets, juicers, water softeners, electric range, dehumidifier, humidifiers, kitchen/home appliances, mattress/massage chair, and filter/consumables; and Smart Air Care service, which provides customized solution for air conditioning.
It also offers cosmetic products and rental services for its home appliances products.
In addition, the company provides product management services, such as product cleaning and mattress maintenance; digital services, including IoCare application; and other services, consisting of filter recovery, water quality testing, and braille information.
Further, it engages in the manufacturing of furniture and water treatment equipment; and the construction and operation of industrial water supply. The company distributes its products through door-to-door sales organizations, commercial distribution, online channels, and directly managed stores.
COWAY Co., Ltd. was founded in 1989 and is headquartered in Gongju-si, South Korea.
Stock analysis
COWAY Co. Ltd (021240) currently trades at 107,600 KRW, while our model-based Fair Value estimate is 76,574 KRW, 29% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 178,954 KRW per share, and 7 of the 17 models we run sit above the 107,600 KRW price.
Bear case: the Asset-Based group reads lowest at 32,705 KRW, and 10 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: 56,541 KRW (bear) to 126,198 KRW (bull), the price of 107,600 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 52/100 (solid quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
COWAY Co. Ltd reported revenue of 5.0T KRW in FY2025 versus 3.7T KRW in FY2021, a compound +7.9%/yr. Reported net income was 618B KRW in FY2025, compounding +7.3%/yr from FY2021.
Key figures
Market cap 7.7T KRW (≈ $5.6B) Mid · P/E ratio 11.3 · P/S ratio 1.45 · EPS (TTM) 9,747 KRW · Dividend yield 3.1% · Net margin 12.9% · Return on equity 19.3% · Return on assets (EBIT) 14.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 58% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 12% fair-value upside, at −29%, 021240 screens richer than that median.
Fair Value models
Bear56,541 KRWFair Value 76,574 KRWBull126,198 KRW
Price 107,600 KRW · Downside -28.8%
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 (5,462 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.56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+15.2%
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.
+8.8%
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.
+8.9%
Start year 2020 (pandemic). Over 10 years: +7.9% a year
Revenue growth 18 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.
+8.1%
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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.
+12.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.2%
Dividend (yield on the price)3.1%
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.9.2% vs 10.2%, steady
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.19% → 18%
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.Furnishings, Fixtures & Appliances · 297 stocks
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Is COWAY Co. Ltd (021240) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 76,574 KRW versus a price of 107,600 KRW, about 29% lower (overvalued).
What is the fair value of 021240?
Our model-based fair value for COWAY Co. Ltd is 76,574 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 107,600 KRW.
What is the quality score of 021240?
COWAY Co. Ltd has a Quality Score of 52/100. 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 COWAY Co. Ltd (021240)?
Our model-based price target is the fair value of 76,574 KRW (as of Nov 8, 2026) from 17 valuation models. Cautious scenario 56,541 KRW, optimistic scenario 126,198 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the COWAY Co. Ltd stock forecast for 2026?
Our models put fair value at 76,574 KRW, about 29% lower versus a price of 107,600 KRW (overvalued). Cautious scenario 56,541 KRW, optimistic scenario 126,198 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of COWAY Co. Ltd (021240)?
COWAY Co. Ltd reported trailing-twelve-month revenue of about 5.3T KRW (latest available figure, as of Nov 8, 2026).
Does COWAY Co. Ltd pay a dividend?
COWAY Co. Ltd currently shows a dividend yield of 3.12% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of COWAY Co. Ltd (021240) and when is the ex-dividend date?
COWAY Co. Ltd pays a dividend of 3,357 KRW per share a year, a dividend yield of 3.1%. The next ex-dividend date is Nov 27, 2026. The payout ratio is 34.4% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of COWAY Co. Ltd (021240)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For COWAY Co. Ltd it is 76,574 KRW per share (as of Nov 8, 2026), against a price of 107,600 KRW. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is COWAY Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 021240 trades above its calculated fair value: price 107,600 KRW, fair value 76,574 KRW, a gap of about −29% (overvalued). 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 021240?
No. The price is what the market pays today (107,600 KRW); the fair value is what the company's own numbers justify (76,574 KRW). For COWAY Co. Ltd the two are 31,026 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is COWAY Co. Ltd worth?
The market values COWAY Co. Ltd at about 7.7T KRW (market capitalisation, as of Nov 8, 2026). Per share that is 107,600 KRW; our models calculate a fair value of 76,574 KRW per share.
What do the bullish and bearish scenarios say about 021240?
Our models span a range for COWAY Co. Ltd: cautious scenario 56,541 KRW, base 76,574 KRW, optimistic 126,198 KRW per share (as of Nov 8, 2026, price 107,600 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 021240?
COWAY Co. Ltd trades at a price-to-earnings ratio of 11.3 (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 76,574 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 12.3. Other multiples: P/B 2.1, P/S 1.4, EV/EBITDA 6.3.
How solid is the balance sheet of COWAY Co. Ltd (021240)?
Balance-sheet figures for COWAY Co. Ltd (as of Nov 8, 2026): return on equity 19.3%, debt of 0.25 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 021240 from its 52-week high?
COWAY Co. Ltd trades at 107,600 KRW, about 2% below its 52-week high of 109,800 KRW and 58% above the low of 67,963 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 76,574 KRW is for.
Which stocks are comparable to COWAY Co. Ltd?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, SharkNinja, Inc, Haier Smart Home Co, 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 COWAY Co. Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 107,600 KRW, calculated fair value 76,574 KRW (−29%), Quality Score 52/100, from 17 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 021240 calculated?
We run COWAY Co. Ltd through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 76,574 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 13.0% above its aggregate fair value. COWAY Co. Ltd itself currently trades above fair value. 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 COWAY Co. Ltd (021240)?
The closing price on Nov 6, 2026 was 107,600 KRW. Our model-based fair value is 76,574 KRW, about 29% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with COWAY Co. Ltd right now?
Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (56,541 KRW to 126,198 KRW) leaves room in how you read the outcome.
Key figures of COWAY Co. Ltd
How large is the market capitalisation of COWAY Co. Ltd (021240)?
The market capitalisation of COWAY Co. Ltd is 7.7T KRW (≈ $5.6B). 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 COWAY Co. Ltd (021240)?
The price-to-sales ratio of COWAY Co. Ltd is 1.45 (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 COWAY Co. Ltd (021240)?
Earnings per share at COWAY Co. Ltd are 9,747 KRW (price ÷ EPS = P/E 11.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of COWAY Co. Ltd (021240)?
The dividend yield of COWAY Co. Ltd is 3.1% (payout 34.4%). 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 COWAY Co. Ltd (021240)?
The net margin of COWAY Co. Ltd is 12.9% (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 COWAY Co. Ltd (021240)?
The return on equity (ROE) of COWAY Co. Ltd is 19.3% (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 COWAY Co. Ltd (021240)?
On an EBIT basis the return on assets of COWAY Co. Ltd is 14.8% (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 COWAY Co. Ltd (021240)?
The operating margin of COWAY Co. Ltd is 17.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at COWAY Co. Ltd (021240)?
Revenue at COWAY Co. Ltd is growing +14.6% versus a year earlier (3y avg +8.8%). 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 COWAY Co. Ltd (021240)?
Earnings per share at COWAY Co. Ltd are growing +17.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does COWAY Co. Ltd (021240) generate?
The free cash flow of COWAY Co. Ltd is −202B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does COWAY Co. Ltd (021240) carry?
The net debt of COWAY Co. Ltd is 1.9T KRW (fiscal year 2025). 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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Broad data
Nov 8, 2026