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EG Corporation (037370) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of EG Corporation stock KRW 6,283, price KRW 3,670, upside +71.2%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials KR · ISIN KR7037370004

EC EG Corporation logo Thin data Nov 4, 2026

EG Corporation

037370 · KQ
Cheap, value-trap risk

The stock costs 42% less than our calculation considers fair.

Fair value 6,283 KRW · Strongly undervalued
Low debt
Even on cautious assumptions the value is 30% above the price (4,772 KRW).
Quality 45/100
Mixed vs. peers (6/12)
Weak Growth (revenue 3y −3.7 %/yr in KRW)
Loss-making · -2.8% net margin (TTM)
Negative free cash flow
Narrow moat 19/100
Thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

26,850 KRW 2,715 KRW Fair Value 6,283 KRW Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range 2,715 KRW – 26,850 KRW · fair‑value band 4,772 KRW – 8,838 KRW · the 3,670 KRW price screens below the 6,283 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

EG Corporation engages in iron oxide, ferrite powder, engineering, and trading businesses in South Korea.

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It produces and sells iron oxide for ferrite and pigments, as well as compound powders, such as ferrite powder, Ni-Zn, and electromagnetic blocks used for industrial material of soft or hard ferrite, and basic material of pigments.

The company also provides plant engineering services for waste incineration, biomass and neo-renewable energy, waste heat recovery, gasification generating, storage and fuel supplement, and ash treatment plants; environmental plants; industrial plants comprising material handling equipment, waste preprocessing facilities, and dryer facilities; and offers dust removing, and carbon capture and storage services.

In addition, it is involved in the research and development of non-carbon anode materials and nanoscale silicon powders, as well as solid oxide fuel cell anode materials, and solid hydrogen storage materials; and trading of scrap metal intermediate and H-beam steel products, as well as rare earth materials, such as molybdenum and vanadium.

The company was formerly known as Samyang industry Co., ltd. and changed its name to EG Corporation in September 1999. EG Corporation was founded in 1987 and is headquartered in Gwangyang-si, South Korea.

Stock analysis

EG Corporation (037370) currently trades at 3,670 KRW, while our model-based Fair Value estimate is 6,283 KRW, implying the stock looks roughly 42% undervalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 80/100, which puts the data coverage at low.

Scenario range: 4,772 KRW (bear) to 8,838 KRW (bull), the price of 3,670 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 45/100 (below-average 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.

EG Corporation reported revenue of 62.8B KRW in FY2025 versus 95.7B KRW in FY2021, a compound −10.0%/yr. Reported net income was −1.2B KRW in FY2025.

Key figures

Market cap 31.7B KRW (≈ $23.4M) Micro · P/S ratio 0.47 · EPS (TTM) −212.41 KRW · Dividend yield 0.1% · Net margin −2.8% · Return on equity −36.3% · Return on assets (EBIT) −4.3% (5-year average) · Operating margin 5.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (medium confidence).

What moves the price

The share trades about 43% below its 52-week high and 35% 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 71%, 037370 screens cheaper than that median.

Fair Value models

Bear 4,772 KRW Fair Value 6,283 KRW Bull 8,838 KRW
Price 3,670 KRW · Upside +71.2%
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.
Best data coverage
Owner Earnings 4,772 KRW 6,283 KRW 8,838 KRW 77
NCAV (Graham) 3,438 KRW 4,607 KRW 6,876 KRW 54
All 2 models by family
DCF Models
Owner Earnings 4,772 KRW 6,283 KRW 8,838 KRW 77
Asset-Based
NCAV (Graham) 3,438 KRW 4,607 KRW 6,876 KRW 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 45/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 14
How much profit the company makes from its sales and capital
Quality Growth 50
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 18
Debt, balance sheet and risk of trouble
Investment 98
Does it invest with discipline instead of growing at any price?
Low Volatility 26
How calm the share price moves, does not count
Price momentum 28
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 13
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 21/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−3.8%
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.
−3.7%
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.
+6.8%
Start year 2020 (pandemic). Over 10 years: −8.4% a year
Revenue growth 16 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.
+2.4%
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.
−11.4% (2020) → −3.5% (2025)
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
not computed

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Compare EG Corporation with another stock

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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 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 45 · Below median
Fair Value upside +71.2% · Top 25%
Profitability
Return on assets −0.8% · Bottom 25%
Net margin (12 months) −2.8% · Bottom 25%
Operating margin (12 months) 5.6% · Below median
Growth and dividend
Revenue growth (quarter YoY) 19.7% · Above median
Dividend yield (12 months) 0.1% · Bottom 25%
Balance sheet
Debt / equity 0.07× · Below median

Valuation Multiplesvs Chemicals median · lower = cheaper

P/B 0.52× · Cheapest 25%
P/S (12 months) 0.48× · Cheapest 25%
EV/EBITDA 8.5× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 9
FUTURE (revenue growth)99 · sector 67
PAST (return on equity)0 · sector 24
HEALTH (low debt)97 · sector 94
DIVIDEND (yield)2 · sector 32

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
LG Chem, Ltd 051910 232,000 KRW 587,755 KRW +153% vs 037370
Dow Inc DOW $31.40 $41.88 +33% vs 037370
Hengli Petrochemical Co 600346 ¥16.62 ¥19.26 +16% vs 037370
Ningxia Baofeng Energy Group 600989 ¥21.24 ¥22.31 +5% vs 037370
Saudi Basic Industries Corporation 2010 47.50 SAR 36.26 SAR −24% vs 037370
BASF SE BAS €54.28 €38.46 −29% vs 037370
Jiangsu Eastern Shenghong Co 000301 ¥10.41 ¥6.28 −40% vs 037370
Zhejiang Juhua Co 600160 ¥32.32 ¥19.31 −40% vs 037370
Formosa Chemicals & Fibre Corporation 1326 68.90 TWD 35.56 TWD −48% vs 037370
Zangge Mining Company 000408 ¥66.38 ¥17.47 −74% vs 037370

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EG Corporation: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "EG Corporation Fair Value". https://www.fairvalue-calculator.com/stock/037370

Frequently asked questions

Is EG Corporation (037370) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 6,283 KRW versus a price of 3,670 KRW, about +71% upside (undervalued).
What is the fair value of 037370?
Our model-based fair value for EG Corporation is 6,283 KRW (as of Nov 4, 2026), built from audited fundamentals. The current price: 3,670 KRW.
What is the quality score of 037370?
EG Corporation has a Quality Score of 45/100. 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 EG Corporation (037370)?
Our model-based price target is the fair value of 6,283 KRW (as of Nov 4, 2026) from 2 valuation models. Cautious scenario 4,772 KRW, optimistic scenario 8,838 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the EG Corporation stock forecast for 2026?
Our models put fair value at 6,283 KRW, about +71% upside versus a price of 3,670 KRW (undervalued). Cautious scenario 4,772 KRW, optimistic scenario 8,838 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of EG Corporation (037370)?
EG Corporation reported trailing-twelve-month revenue of about 66.5B KRW (latest available figure, as of Nov 4, 2026).
Does EG Corporation pay a dividend?
EG Corporation currently shows a dividend yield of 0.09% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of EG Corporation (037370)?
EG Corporation has a dividend yield of 0.1%.
What is the intrinsic value of EG Corporation (037370)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EG Corporation it is 6,283 KRW per share (as of Nov 4, 2026), against a price of 3,670 KRW. It is the blended result of 2 valuation models in 2 families (DCF Models, Asset-Based).
Is EG Corporation stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 037370 trades below its calculated fair value: price 3,670 KRW, fair value 6,283 KRW, a gap of about +71% (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 037370?
No. The price is what the market pays today (3,670 KRW); the fair value is what the company's own numbers justify (6,283 KRW). For EG Corporation the two are 2,613 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is EG Corporation worth?
The market values EG Corporation at about 31.7B KRW (market capitalisation, as of Nov 4, 2026). Per share that is 3,670 KRW; our models calculate a fair value of 6,283 KRW per share.
What do the bullish and bearish scenarios say about 037370?
Our models span a range for EG Corporation: cautious scenario 4,772 KRW, base 6,283 KRW, optimistic 8,838 KRW per share (as of Nov 4, 2026, price 3,670 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of EG Corporation (037370)?
Balance-sheet figures for EG Corporation (as of Nov 4, 2026): return on equity −36.3%, debt of 0.07 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 037370 from its 52-week high?
EG Corporation trades at 3,670 KRW, about 43% below its 52-week high of 6,450 KRW and 35% above the low of 2,715 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 6,283 KRW is for.
Which stocks are comparable to EG Corporation?
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 EG Corporation stock attractive at the current price?
The data as of Nov 4, 2026: price 3,670 KRW, calculated fair value 6,283 KRW (+71%), Quality Score 45/100, from 2 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 037370 calculated?
We run EG Corporation through 2 models from 2 families: DCF Models, Asset-Based. Every model gets the same audited fundamentals; the fair value of 6,283 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. EG Corporation currently trades 42% 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 EG Corporation (037370)?
The closing price on Nov 6, 2026 was 3,670 KRW. Our model-based fair value is 6,283 KRW, about +71% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EG Corporation right now?
The large discount to fair value meets weak quality (45/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (4,772 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. A fairly wide model range (4,772 KRW to 8,838 KRW) leaves room in how you read the outcome.

Key figures of EG Corporation

How large is the market capitalisation of EG Corporation (037370)?
The market capitalisation of EG Corporation is 31.7B KRW (≈ $23.4M). 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 EG Corporation (037370)?
The price-to-sales ratio of EG Corporation is 0.47 (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 EG Corporation (037370)?
Earnings per share at EG Corporation are −212.41 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of EG Corporation (037370)?
The dividend yield of EG Corporation is 0.1%. 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 EG Corporation (037370)?
The net margin of EG Corporation is −2.8% (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 EG Corporation (037370)?
The return on equity (ROE) of EG Corporation is −36.3% (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 EG Corporation (037370)?
On an EBIT basis the return on assets of EG Corporation is −4.3% (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 EG Corporation (037370)?
The operating margin of EG Corporation is 5.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EG Corporation (037370)?
Revenue at EG Corporation is growing +19.7% versus a year earlier (3y avg −3.7%). 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 EG Corporation (037370)?
Earnings per share at EG Corporation are growing −80.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does EG Corporation (037370) generate?
The free cash flow of EG Corporation is −5.8B 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 EG Corporation (037370) carry?
The net debt of EG Corporation is 106B 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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