Mhethanol Co. Ltd. (023150) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Mhethanol Co. Ltd. stock KRW 5,976, price KRW 1,992, upside +200.0%, quality 53 out of 100. Rating: strongly undervalued. Calculated from audited financials with 14 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 7, 2026.
How to read this chart
60‑month range 1,855 KRW – 6,676 KRW · fair‑value band 4,898 KRW – 7,363 KRW · the 1,992 KRW price screens below the 5,976 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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MH Ethanol Co.,Ltd. engages in the manufacture and sale of alcohol products in South Korea. The company was founded in 1978 and is headquartered in Changwon-si, South Korea.
Stock analysis
Mhethanol Co. Ltd. (023150) currently trades at 1,992 KRW, while our model-based Fair Value estimate is 5,976 KRW, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 28,446 KRW per share, and 14 of the 14 models we run sit above the 1,992 KRW price.
Bear case: the Asset-Based group reads lowest at 3,215 KRW, and 0 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: 4,898 KRW (bear) to 7,363 KRW (bull), the price of 1,992 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 53/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Mhethanol Co. Ltd. reported revenue of 94.7B KRW in FY2025 versus 102B KRW in FY2021, a compound −1.9%/yr. Reported net income was −2.4B KRW in FY2025.
Key figures
Market cap 22.8B KRW (≈ $16.8M) Micro · P/S ratio 0.27 · EPS (TTM) −380.01 KRW · Dividend yield 6.3% · Net margin −5.2% · Return on equity −23.8% · Return on assets (EBIT) 4.1% (5-year average) · Operating margin 18.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 14% fair-value upside, at 200%, 023150 screens cheaper than that median.
Fair Value models
Bear4,898 KRWFair Value 5,976 KRWBull7,363 KRW
Price 1,992 KRW · Upside +200.0%
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.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.28/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−5.7%
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.
−5.1%
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.
+0.0%
Start year 2020 (pandemic). Over 10 years: +6.5% 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.
+4.9%
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Profit margin (trend) ⓘ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.
9.7% (2019) → 10.6% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Beverages - Wineries & Distilleries · 90 stocks
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Is Mhethanol Co. Ltd. (023150) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 5,976 KRW versus a price of 1,992 KRW, about +200% upside (undervalued).
What is the fair value of 023150?
Our model-based fair value for Mhethanol Co. Ltd. is 5,976 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 1,992 KRW.
What is the quality score of 023150?
Mhethanol Co. Ltd. has a Quality Score of 53/100. 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 Mhethanol Co. Ltd. (023150)?
Our model-based price target is the fair value of 5,976 KRW (as of Nov 7, 2026) from 14 valuation models. Cautious scenario 4,898 KRW, optimistic scenario 7,363 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Mhethanol Co. Ltd. stock forecast for 2026?
Our models put fair value at 5,976 KRW, about +200% upside versus a price of 1,992 KRW (undervalued). Cautious scenario 4,898 KRW, optimistic scenario 7,363 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Mhethanol Co. Ltd. (023150)?
Mhethanol Co. Ltd. reported trailing-twelve-month revenue of about 84.4B KRW (latest available figure, as of Nov 7, 2026).
Does Mhethanol Co. Ltd. pay a dividend?
Mhethanol Co. Ltd. currently shows a dividend yield of 6.28% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Mhethanol Co. Ltd. (023150) and when is the ex-dividend date?
Mhethanol Co. Ltd. pays a dividend of 125.00 KRW per share a year, a dividend yield of 6.3%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2014. Free cash flow covers the dividend 13.16 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What is the intrinsic value of Mhethanol Co. Ltd. (023150)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mhethanol Co. Ltd. it is 5,976 KRW per share (as of Nov 7, 2026), against a price of 1,992 KRW. It is the blended result of 14 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Mhethanol Co. Ltd. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 023150 trades below its calculated fair value: price 1,992 KRW, fair value 5,976 KRW, a gap of about +200% (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 023150?
No. The price is what the market pays today (1,992 KRW); the fair value is what the company's own numbers justify (5,976 KRW). For Mhethanol Co. Ltd. the two are 3,984 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Mhethanol Co. Ltd. worth?
The market values Mhethanol Co. Ltd. at about 22.8B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 1,992 KRW; our models calculate a fair value of 5,976 KRW per share.
What do the bullish and bearish scenarios say about 023150?
Our models span a range for Mhethanol Co. Ltd.: cautious scenario 4,898 KRW, base 5,976 KRW, optimistic 7,363 KRW per share (as of Nov 7, 2026, price 1,992 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mhethanol Co. Ltd. (023150)?
Balance-sheet figures for Mhethanol Co. Ltd. (as of Nov 7, 2026): return on equity −23.8%, debt of 0.06 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 023150 from its 52-week high?
Mhethanol Co. Ltd. trades at 1,992 KRW, about 25% below its 52-week high of 2,640 KRW and 7% above the low of 1,855 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 5,976 KRW is for.
Which stocks are comparable to Mhethanol Co. Ltd.?
From the same area (Consumer Defensive) we also value Kweichow Moutai Co, Wuliangye Yibin Co, Shanxi Xinghuacun Fen Wine Factory Co, Pernod Ricard SA, 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 Mhethanol Co. Ltd. stock attractive at the current price?
The data as of Nov 7, 2026: price 1,992 KRW, calculated fair value 5,976 KRW (+200%), Quality Score 53/100, from 14 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 023150 calculated?
We run Mhethanol Co. Ltd. through 14 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 5,976 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. Mhethanol Co. Ltd. currently trades 67% 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 Mhethanol Co. Ltd. (023150)?
The closing price on Nov 6, 2026 was 1,992 KRW. Our model-based fair value is 5,976 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mhethanol Co. Ltd. right now?
The price is below even our cautious bear case (4,898 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 (53/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Mhethanol Co. Ltd.
How large is the market capitalisation of Mhethanol Co. Ltd. (023150)?
The market capitalisation of Mhethanol Co. Ltd. is 22.8B KRW (≈ $16.8M). 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 Mhethanol Co. Ltd. (023150)?
The price-to-sales ratio of Mhethanol Co. Ltd. is 0.27 (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 Mhethanol Co. Ltd. (023150)?
Earnings per share at Mhethanol Co. Ltd. are −380.01 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mhethanol Co. Ltd. (023150)?
The dividend yield of Mhethanol Co. Ltd. is 6.3%. 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 Mhethanol Co. Ltd. (023150)?
The net margin of Mhethanol Co. Ltd. is −5.2% (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 Mhethanol Co. Ltd. (023150)?
The return on equity (ROE) of Mhethanol Co. Ltd. is −23.8% (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 Mhethanol Co. Ltd. (023150)?
On an EBIT basis the return on assets of Mhethanol Co. Ltd. is 4.1% (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 Mhethanol Co. Ltd. (023150)?
The operating margin of Mhethanol Co. Ltd. is 18.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mhethanol Co. Ltd. (023150)?
Revenue at Mhethanol Co. Ltd. is growing −35.4% versus a year earlier (3y avg −5.1%). 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 Mhethanol Co. Ltd. (023150)?
Earnings per share at Mhethanol Co. Ltd. are growing −51.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Mhethanol Co. Ltd. (023150) generate?
The free cash flow of Mhethanol Co. Ltd. is 18.8B 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 Mhethanol Co. Ltd. (023150) carry?
The net debt of Mhethanol Co. Ltd. is 59.8B KRW (fiscal year 2025, ≈ 3.2 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 7, 2026