Namhae Chemical (025860) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Namhae Chemical stock KRW 6,952, price KRW 5,520, upside +26.0%, quality 59 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 8, 2026.
How to read this chart
60‑month range 5,340 KRW – 15,712 KRW · fair‑value band 4,894 KRW – 9,038 KRW · the 5,520 KRW price screens below the 6,952 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow Namhae Chemical in your weekly email
Every Wednesday you see whether Namhae Chemical is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Namhae Chemical Corporation produces and sells agricultural chemical in South Korea and internationally. It offers fertilizers; and basic chemical products, such as ammonia, sulfuric acid, and urea.
Show moreShow less
The company also operates gas stations, as well as supplies petroleum products, such as gasoline, diesel, and kerosene. In addition, it exports its products. The company was founded in 1974 and is headquartered in Yeosu-si, South Korea.
Stock analysis
Namhae Chemical (025860) currently trades at 5,520 KRW, while our model-based Fair Value estimate is 6,952 KRW, implying the stock looks roughly 21% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 10,470 KRW per share, and 18 of the 25 models we run sit above the 5,520 KRW price.
Bear case: the Dividend Discount group reads lowest at 816.65 KRW, and 7 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 4,894 KRW (bear) to 9,038 KRW (bull), the price of 5,520 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 59/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Namhae Chemical reported revenue of 1.6T KRW in FY2025 versus 1.5T KRW in FY2021, a compound +2.5%/yr. Reported net income was 29.2B KRW in FY2025, compounding +7.7%/yr from FY2021.
Key figures
Market cap 265B KRW (≈ $196M) Micro · P/E ratio 22.4 · P/S ratio 0.15 · EPS (TTM) 245.17 KRW · Dividend yield 1.6% · Net margin 0.7% · Return on equity 1.8% · Return on assets (EBIT) 4.2% (5-year average).
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 53% 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 4% fair-value upside, at 26%, 025860 screens cheaper than that median.
Fair Value models
Bear4,894 KRWFair Value 6,952 KRWBull9,038 KRW
Price 5,520 KRW · Upside +26.0%
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 (133.06 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 DCF4,618 KRW6,004 KRW7,635 KRW82
Growth DCF4,694 KRW5,965 KRW7,402 KRW80
Owner Earnings3,232 KRW4,198 KRW5,333 KRW78
All 25 models by family
DCF Models
FCF DCF4,618 KRW6,004 KRW7,635 KRW82
Owner Earnings3,232 KRW4,198 KRW5,333 KRW78
5Y Revenue Exit6,348 KRW9,747 KRW13,913 KRW72
5Y EBITDA Exit7,564 KRW11,880 KRW16,659 KRW75
5Y P/E Exit5,849 KRW8,871 KRW11,834 KRW71
10Y Revenue Exit5,348 KRW7,984 KRW11,195 KRW67
10Y EBITDA Exit6,204 KRW9,256 KRW12,949 KRW68
10Y P/E Exit5,255 KRW7,462 KRW9,866 KRW64
Earnings-Based
Graham-Dodd4,134 KRW8,953 KRW11,389 KRW66
PEG = 1.01,396 KRW1,994 KRW2,593 KRW57
EPV4,032 KRW4,544 KRW4,965 KRW74
Dividend Discount
Gordon GGM592.38 KRW837.97 KRW1,059 KRW69
DDM Multi-Stage592.38 KRW795.32 KRW989.07 KRW67
Multiples
P/E Multiple7,752 KRW10,336 KRW12,920 KRW63
P/S Multiple7,752 KRW10,336 KRW12,920 KRW58
P/B Multiple7,606 KRW10,141 KRW12,676 KRW55
EV/EBIT8,355 KRW11,503 KRW14,651 KRW66
EV/EBITDA10,157 KRW13,906 KRW17,655 KRW67
EV/Revenue7,096 KRW10,603 KRW14,111 KRW53
Asset-Based
NCAV (Graham)2,616 KRW3,963 KRW4,954 KRW54
Growth DCF
Growth DCF4,694 KRW5,965 KRW7,402 KRW80
Rev-Margin DCF6,348 KRW9,797 KRW13,406 KRW73
Economic Profit
Residual Income8,267 KRW8,198 KRW8,453 KRW76
ROIC Compounder4,032 KRW4,544 KRW4,965 KRW72
Growth Earnings
Growth-Adj P/E5,816 KRW8,308 KRW10,801 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+5.6%
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.
−9.6%
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.
+9.7%
Start year 2020 (pandemic). Over 10 years: +3.2% 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.
+4.0%
’12
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+7.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.1%
Dividend (yield on the price)1.6%
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.6.1% vs 7.2%, 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.3% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+8.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +6.4% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Agricultural Inputs · 162 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+26.0% · Top 25%
Profitability
Return on equity (12 months)1.8% · Bottom 25%
Return on assets3.5% · Below median
Net margin (12 months)0.7% · Bottom 25%
Operating margin (12 months)2.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)18.5% · Top 25%
Dividend yield (12 months)1.6% · Below median
Balance sheet
Debt / equity0.06× · Above median
Valuation Multiplesvs Agricultural Inputs median · lower = cheaper
P/E (12 months)22.4× · Pricier than median
P/B0.48× · Cheapest 25%
P/S (12 months)0.15× · Cheapest 25%
Price / free cash flow (fiscal year)12.5× · Cheaper than median
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). "Namhae Chemical Fair Value". https://www.fairvalue-calculator.com/stock/025860
Frequently asked questions
Is Namhae Chemical (025860) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 6,952 KRW versus a price of 5,520 KRW, about +26% upside (undervalued).
What is the fair value of 025860?
Our model-based fair value for Namhae Chemical is 6,952 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 5,520 KRW.
What is the quality score of 025860?
Namhae Chemical has a Quality Score of 59/100. 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 Namhae Chemical (025860)?
Our model-based price target is the fair value of 6,952 KRW (as of Nov 8, 2026) from 25 valuation models. Cautious scenario 4,894 KRW, optimistic scenario 9,038 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Namhae Chemical stock forecast for 2026?
Our models put fair value at 6,952 KRW, about +26% upside versus a price of 5,520 KRW (undervalued). Cautious scenario 4,894 KRW, optimistic scenario 9,038 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Namhae Chemical (025860)?
Namhae Chemical reported trailing-twelve-month revenue of about 1.7T KRW (latest available figure, as of Nov 8, 2026).
Does Namhae Chemical pay a dividend?
Namhae Chemical currently shows a dividend yield of 1.63% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Namhae Chemical (025860) and when is the ex-dividend date?
Namhae Chemical pays a dividend of 90.00 KRW per share a year, a dividend yield of 1.6%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 1996. The payout ratio is 36.7% of earnings. Free cash flow covers the dividend 4.90 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 Namhae Chemical (025860)?
For today's price to be fair in a discounted-cash-flow model, Namhae Chemical would have to grow free cash flow by +8.6 % 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 +9.7 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 025860 use?
Our models discount Namhae Chemical at 11.6 %: a base by market capitalisation (micro), damped by beta 0.52, 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 Namhae Chemical that is +8.6 % 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 Namhae Chemical (025860) delivered so far?
Over the past 5 years revenue at Namhae Chemical grew +9.7 % a year. The price currently implies free-cash-flow growth of +8.6 % 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 Namhae Chemical (025860) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Namhae Chemical (+8.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Namhae Chemical (025860)?
The free-cash-flow yield on the price is 7.99 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Namhae Chemical 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 Namhae Chemical (025860)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Namhae Chemical it is 6,952 KRW per share (as of Nov 8, 2026), against a price of 5,520 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 Namhae Chemical stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 025860 trades below its calculated fair value: price 5,520 KRW, fair value 6,952 KRW, a gap of about +26% (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 025860?
No. The price is what the market pays today (5,520 KRW); the fair value is what the company's own numbers justify (6,952 KRW). For Namhae Chemical the two are 1,432 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Namhae Chemical worth?
The market values Namhae Chemical at about 265B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 5,520 KRW; our models calculate a fair value of 6,952 KRW per share.
What do the bullish and bearish scenarios say about 025860?
Our models span a range for Namhae Chemical: cautious scenario 4,894 KRW, base 6,952 KRW, optimistic 9,038 KRW per share (as of Nov 8, 2026, price 5,520 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 025860?
Namhae Chemical trades at a price-to-earnings ratio of 22.4 (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 6,952 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 21.2. Other multiples: P/B 0.5, P/S 0.2, EV/EBITDA 5.1.
How solid is the balance sheet of Namhae Chemical (025860)?
Balance-sheet figures for Namhae Chemical (as of Nov 8, 2026): return on equity 1.8%, debt of 0.06 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 025860 from its 52-week high?
Namhae Chemical trades at 5,520 KRW, about 53% below its 52-week high of 11,740 KRW and 3% above the low of 5,340 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 6,952 KRW is for.
Which stocks are comparable to Namhae Chemical?
From the same area (Basic Materials) we also value Nutrien Ltd, Qinghai Salt Lake Industry Co, CF Industries Holdings, Yara International ASA, 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 Namhae Chemical stock attractive at the current price?
The data as of Nov 8, 2026: price 5,520 KRW, calculated fair value 6,952 KRW (+26%), Quality Score 59/100, 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 025860 calculated?
We run Namhae Chemical 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 6,952 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. Namhae Chemical currently trades 21% 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 Namhae Chemical (025860)?
The closing price on Nov 6, 2026 was 5,520 KRW. Our model-based fair value is 6,952 KRW, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Namhae Chemical right now?
Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (4,894 KRW to 9,038 KRW) leaves room in how you read the outcome.
Key figures of Namhae Chemical
How large is the market capitalisation of Namhae Chemical (025860)?
The market capitalisation of Namhae Chemical is 265B KRW (≈ $196M). 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 Namhae Chemical (025860)?
The price-to-sales ratio of Namhae Chemical is 0.15 (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 Namhae Chemical (025860)?
Earnings per share at Namhae Chemical are 245.17 KRW (price ÷ EPS = P/E 22.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Namhae Chemical (025860)?
The dividend yield of Namhae Chemical is 1.6% (payout 36.7%). 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 Namhae Chemical (025860)?
The net margin of Namhae Chemical is 0.7% (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 Namhae Chemical (025860)?
The return on equity (ROE) of Namhae Chemical is 1.8% (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 Namhae Chemical (025860)?
On an EBIT basis the return on assets of Namhae Chemical is 4.2% (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 Namhae Chemical (025860)?
The operating margin of Namhae Chemical is 2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Namhae Chemical (025860)?
Revenue at Namhae Chemical is growing +18.5% versus a year earlier (3y avg −9.6%). 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 Namhae Chemical (025860)?
Earnings per share at Namhae Chemical are growing −10.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Namhae Chemical (025860) carry?
The net debt of Namhae Chemical is 52.2B KRW (fiscal year 2025, ≈ 2.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Namhae Chemical in the live analysis
One click puts Namhae Chemical on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 8, 2026