TAPEX INC (055490) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of TAPEX INC stock KRW 13,941, price KRW 18,750, that is 25.7% below the price, quality 56 out of 100. Rating: overvalued. 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 9, 2026.
How to read this chart
60‑month range 10,850 KRW – 84,260 KRW · fair‑value band 10,455 KRW – 17,426 KRW · the 18,750 KRW price screens above the 13,941 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Tapex Co., Ltd. manufactures and sells adhesive tapes in South Korea.
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The company offers lightproof/heat radiations, laminating tapes, masking tapes, sealing tapes, optically clear adhesive films, and TSP tapes; household plastics wraps and restaurant supply wraps; zipper bags, paper pipes, reusable cups, insulation tapes, folding boxes, hand carts, OPP tapes, insulation tapes, and nitrile and medical gloves.
The company's products are used in secondary batteries, displays, and semiconductors, food packaging, kitchenware, household and industrial products, and medical supplies. It also exports its products.
The company was formerly known as Seotong Chemical Co., Ltd. Tapex Co., Ltd. was founded in 1977 and is headquartered in Suwon-si, South Korea.
Stock analysis
TAPEX INC (055490) currently trades at 18,750 KRW, while our model-based Fair Value estimate is 13,941 KRW, 26% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 11,632 KRW per share, and 3 of the 25 models we run sit above the 18,750 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,847 KRW, and 22 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 10,455 KRW (bear) to 17,426 KRW (bull), the price of 18,750 KRW sits above 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 56/100 (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.
TAPEX INC reported revenue of 141B KRW in FY2025 versus 155B KRW in FY2021, a compound −2.3%/yr. Reported net income was 2.0B KRW in FY2025, compounding −42.9%/yr from FY2021.
Key figures
Market cap 89.3B KRW (≈ $66.0M) Micro · P/E ratio 9.7 · P/S ratio 0.58 · EPS (TTM) 1,897 KRW · Dividend yield 1.1% · Net margin 5.9% · Return on equity 5.8% · Return on assets (EBIT) 6.3% (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 14% below its 52-week high and 73% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −26%, 055490 screens cheaper than that median.
Fair Value models
Bear10,455 KRWFair Value 13,941 KRWBull17,426 KRW
Price 18,750 KRW · Downside -25.7%
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 (1,455 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 DCF10,535 KRW13,206 KRW16,216 KRW80
Growth DCF10,628 KRW13,035 KRW15,634 KRW78
Owner Earnings2,639 KRW3,090 KRW3,599 KRW76
All 25 models by family
DCF Models
FCF DCF10,535 KRW13,206 KRW16,216 KRW80
Owner Earnings2,639 KRW3,090 KRW3,599 KRW76
5Y Revenue Exit7,835 KRW10,025 KRW12,602 KRW72
5Y EBITDA Exit12,773 KRW18,773 KRW25,421 KRW73
5Y P/E Exit7,957 KRW10,240 KRW12,447 KRW70
10Y Revenue Exit8,939 KRW10,913 KRW13,174 KRW66
10Y EBITDA Exit11,602 KRW15,821 KRW20,911 KRW67
10Y P/E Exit9,097 KRW11,034 KRW13,081 KRW63
Earnings-Based
Graham-Dodd2,865 KRW6,657 KRW8,554 KRW63
PEG = 1.01,130 KRW1,614 KRW2,098 KRW55
EPV2,824 KRW3,029 KRW3,194 KRW74
Dividend Discount
Gordon GGM1,331 KRW1,918 KRW2,421 KRW67
DDM Multi-Stage1,331 KRW1,776 KRW2,163 KRW65
Multiples
P/E Multiple5,372 KRW7,162 KRW8,953 KRW63
P/S Multiple5,372 KRW7,162 KRW8,953 KRW58
P/B Multiple35,059 KRW46,745 KRW58,431 KRW55
EV/EBIT4,341 KRW6,175 KRW8,009 KRW65
EV/EBITDA14,594 KRW19,846 KRW25,098 KRW67
EV/Revenue3,607 KRW5,651 KRW7,695 KRW53
Asset-Based
NCAV (Graham)516.65 KRW782.80 KRW978.50 KRW54
Growth DCF
Growth DCF10,628 KRW13,035 KRW15,634 KRW78
Rev-Margin DCF7,835 KRW10,228 KRW12,860 KRW72
Economic Profit
Residual Income16,686 KRW17,894 KRW19,861 KRW74
ROIC Compounder2,824 KRW3,029 KRW3,194 KRW70
Growth Earnings
Growth-Adj P/E4,117 KRW5,882 KRW7,646 KRW65
The fair value above starts from this blend and is adjusted for a cyclical trough 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
+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.
−8.2%
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.
+3.5%
Start year 2020 (pandemic)
Revenue growth 9 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.
+9.3%
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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.
−31.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−32.1%
Dividend (yield on the price)1.1%
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.12% → 2%
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).
+13.1%
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 +10.8% 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.Specialty Chemicals · 728 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−25.7% · Above median
Profitability
Return on equity (12 months)5.8% · Below median
Return on assets1.0% · Below median
Net margin (12 months)5.9% · Above median
Operating margin (12 months)7.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)13.6% · Above median
Dividend yield (12 months)1.1% · Below median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)9.7× · Cheapest 25%
P/B0.57× · Cheapest 25%
P/S (12 months)0.58× · Cheapest 25%
Price / free cash flow (fiscal year)15.2× · Cheaper than median
EV/EBITDA5.4× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)68· sector 67
PAST (return on equity)23· sector 27
HEALTH (low debt)98· sector 95
DIVIDEND (yield)21· sector 31
VALUE 0: the price sits above our fair-value range.
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). "TAPEX INC Fair Value". https://www.fairvalue-calculator.com/stock/055490
Frequently asked questions
Is TAPEX INC (055490) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 13,941 KRW versus a price of 18,750 KRW, about 26% lower (overvalued).
What is the fair value of 055490?
Our model-based fair value for TAPEX INC is 13,941 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 18,750 KRW.
What is the quality score of 055490?
TAPEX INC has a Quality Score of 56/100. 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 TAPEX INC (055490)?
Our model-based price target is the fair value of 13,941 KRW (as of Nov 9, 2026) from 25 valuation models. Cautious scenario 10,455 KRW, optimistic scenario 17,426 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the TAPEX INC stock forecast for 2026?
Our models put fair value at 13,941 KRW, about 26% lower versus a price of 18,750 KRW (overvalued). Cautious scenario 10,455 KRW, optimistic scenario 17,426 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of TAPEX INC (055490)?
TAPEX INC reported trailing-twelve-month revenue of about 154B KRW (latest available figure, as of Nov 9, 2026).
Does TAPEX INC pay a dividend?
TAPEX INC currently shows a dividend yield of 1.07% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of TAPEX INC (055490) and when is the ex-dividend date?
TAPEX INC pays a dividend of 200.00 KRW per share a year, a dividend yield of 1.1%. The last ex-dividend date was Mar 26, 2026. The payout ratio is 10.5% of earnings. Free cash flow covers the dividend 6.16 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 TAPEX INC (055490)?
For today's price to be fair in a discounted-cash-flow model, TAPEX INC would have to grow free cash flow by +13.1 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.5 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 055490 use?
Our models discount TAPEX INC at 13.1 %: a base by market capitalisation (micro), damped by beta 0.99, 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 TAPEX INC that is +13.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has TAPEX INC (055490) delivered so far?
Over the past 5 years revenue at TAPEX INC grew +3.5 % a year. The price currently implies free-cash-flow growth of +13.1 % 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 TAPEX INC (055490) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into TAPEX INC (+13.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TAPEX INC (055490)?
The free-cash-flow yield on the price is 6.59 %: that much free cash flow TAPEX INC produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TAPEX INC (055490)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TAPEX INC it is 13,941 KRW per share (as of Nov 9, 2026), against a price of 18,750 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 TAPEX INC stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 055490 trades above its calculated fair value: price 18,750 KRW, fair value 13,941 KRW, a gap of about −26% (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 055490?
No. The price is what the market pays today (18,750 KRW); the fair value is what the company's own numbers justify (13,941 KRW). For TAPEX INC the two are 4,809 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is TAPEX INC worth?
The market values TAPEX INC at about 89.3B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 18,750 KRW; our models calculate a fair value of 13,941 KRW per share.
What do the bullish and bearish scenarios say about 055490?
Our models span a range for TAPEX INC: cautious scenario 10,455 KRW, base 13,941 KRW, optimistic 17,426 KRW per share (as of Nov 9, 2026, price 18,750 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 055490?
TAPEX INC trades at a price-to-earnings ratio of 9.7 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 13,941 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 17.0. Other multiples: P/B 0.6, P/S 0.6, EV/EBITDA 5.4.
How solid is the balance sheet of TAPEX INC (055490)?
Balance-sheet figures for TAPEX INC (as of Nov 9, 2026): return on equity 5.8%, debt of 0.04 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 055490 from its 52-week high?
TAPEX INC trades at 18,750 KRW, about 14% below its 52-week high of 21,900 KRW and 73% above the low of 10,850 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 13,941 KRW is for.
Which stocks are comparable to TAPEX INC?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 TAPEX INC stock attractive at the current price?
The data as of Nov 9, 2026: price 18,750 KRW, calculated fair value 13,941 KRW (−26%), Quality Score 56/100, 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 055490 calculated?
We run TAPEX INC 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 13,941 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. TAPEX INC 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 TAPEX INC (055490)?
The closing price on Nov 6, 2026 was 18,750 KRW. Our model-based fair value is 13,941 KRW, about 26% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TAPEX INC right now?
The price sits above even our optimistic bull case (17,426 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of TAPEX INC
How large is the market capitalisation of TAPEX INC (055490)?
The market capitalisation of TAPEX INC is 89.3B KRW (≈ $66.0M). 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 TAPEX INC (055490)?
The price-to-sales ratio of TAPEX INC is 0.58 (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 TAPEX INC (055490)?
Earnings per share at TAPEX INC are 1,897 KRW (price ÷ EPS = P/E 9.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TAPEX INC (055490)?
The dividend yield of TAPEX INC is 1.1% (payout 10.5%). 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 TAPEX INC (055490)?
The net margin of TAPEX INC is 5.9% (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 TAPEX INC (055490)?
The return on equity (ROE) of TAPEX INC is 5.8% (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 TAPEX INC (055490)?
On an EBIT basis the return on assets of TAPEX INC is 6.3% (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 TAPEX INC (055490)?
The operating margin of TAPEX INC is 7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TAPEX INC (055490)?
Revenue at TAPEX INC is growing +13.6% versus a year earlier (3y avg −8.2%). 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 TAPEX INC (055490)?
Earnings per share at TAPEX INC are growing +9.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TAPEX INC (055490) carry?
The net debt of TAPEX INC is 5.6B KRW (fiscal year 2025, ≈ 0.9 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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Broad data
Nov 9, 2026