Kpx Holdings (092230) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kpx Holdings stock KRW 178,200, price KRW 89,100, upside +100.0%, quality 51 out of 100. Rating: strongly undervalued. Calculated from audited financials with 12 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 39,099 KRW – 104,300 KRW · fair‑value band 139,664 KRW – 219,408 KRW · the 89,100 KRW price screens below the 178,200 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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KPX Holdings Co., Ltd., through its subsidiaries, manufactures and sells chemical products. It supplies polymer polyol and PU systems for furniture, shoes, textile, automobile, appliances, construction, container, and other industries.
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The company also operates tank terminals; leases real estate properties for the handling and storage of liquid freight; constructs and rents buildings. KPX Holdings Co.,Ltd. was founded in 2006 and is based in Seoul, South Korea.
Stock analysis
Kpx Holdings (092230) currently trades at 89,100 KRW, while our model-based Fair Value estimate is 178,200 KRW, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 223,717 KRW per share, and 8 of the 12 models we run sit above the 89,100 KRW price.
Bear case: the Dividend Discount group reads lowest at 46,186 KRW, and 4 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 139,664 KRW (bear) to 219,408 KRW (bull), the price of 89,100 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 51/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Kpx Holdings reported revenue of 1.2T KRW in FY2025 versus 1.2T KRW in FY2021, a compound −1.5%/yr. Reported net income was 79.3B KRW in FY2025, compounding +14.5%/yr from FY2021.
Key figures
Market cap 352B KRW (≈ $260M) Micro · P/E ratio 1.2 · P/S ratio 0.28 · EPS (TTM) 76,566 KRW · Dividend yield 7.0% · Net margin 24.3% · Return on equity 22.9% · Return on assets (EBIT) 2.8% (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 15% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at 100%, 092230 screens cheaper than that median.
Fair Value models
Bear139,664 KRWFair Value 178,200 KRWBull219,408 KRW
Price 89,100 KRW · Upside +100.0%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (60,298 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.9%
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.
−2.1%
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.
+4.1%
Start year 2020 (pandemic). Over 10 years: +1.4% a year
Revenue growth 19 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%
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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.
+18.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.3%
Dividend (yield on the price)7.0%
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.11.3% vs 10.7%, 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.8% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−0.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −2.2% 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.Conglomerates · 304 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)22.9% · Top 25%
Return on assets3.6% · Above median
Net margin (12 months)24.3% · Top 25%
Operating margin (12 months)8.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)23.0% · Top 25%
Dividend yield (12 months)7.0% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (12 months)1.2× · Cheapest 25%
P/B0.32× · Cheapest 25%
P/S (12 months)0.28× · Cheapest 25%
Price / free cash flow (fiscal year)8.9× · 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). "Kpx Holdings Fair Value". https://www.fairvalue-calculator.com/stock/092230
Frequently asked questions
Is Kpx Holdings (092230) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 178,200 KRW versus a price of 89,100 KRW, about +100% upside (undervalued).
What is the fair value of 092230?
Our model-based fair value for Kpx Holdings is 178,200 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 89,100 KRW.
What is the quality score of 092230?
Kpx Holdings has a Quality Score of 51/100. 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 Kpx Holdings (092230)?
Our model-based price target is the fair value of 178,200 KRW (as of Nov 8, 2026) from 12 valuation models. Cautious scenario 139,664 KRW, optimistic scenario 219,408 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Kpx Holdings stock forecast for 2026?
Our models put fair value at 178,200 KRW, about +100% upside versus a price of 89,100 KRW (undervalued). Cautious scenario 139,664 KRW, optimistic scenario 219,408 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Kpx Holdings (092230)?
Kpx Holdings reported trailing-twelve-month revenue of about 1.2T KRW (latest available figure, as of Nov 8, 2026).
Does Kpx Holdings pay a dividend?
Kpx Holdings currently shows a dividend yield of 7.01% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Kpx Holdings (092230) and when is the ex-dividend date?
Kpx Holdings pays a dividend of 6,250 KRW per share a year, a dividend yield of 7.0%. The last ex-dividend date was Jul 20, 2026. A dividend has been paid every year since at least 2006. The payout ratio is 8.2% of earnings. Free cash flow covers the dividend 1.61 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 Kpx Holdings (092230)?
For today's price to be fair in a discounted-cash-flow model, Kpx Holdings would have to grow free cash flow by -0.2 % 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 +4.1 % 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 092230 use?
Our models discount Kpx Holdings at 11.6 %: a base by market capitalisation (micro), damped by beta 0.44, 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 Kpx Holdings that is -0.2 % 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 Kpx Holdings (092230) delivered so far?
Over the past 5 years revenue at Kpx Holdings grew +4.1 % a year. The price currently implies free-cash-flow growth of -0.2 % 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 Kpx Holdings (092230) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Kpx Holdings (-0.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kpx Holdings (092230)?
The free-cash-flow yield on the price is 11.28 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Kpx Holdings 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 Kpx Holdings (092230)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kpx Holdings it is 178,200 KRW per share (as of Nov 8, 2026), against a price of 89,100 KRW. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Kpx Holdings stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 092230 trades below its calculated fair value: price 89,100 KRW, fair value 178,200 KRW, a gap of about +100% (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 092230?
No. The price is what the market pays today (89,100 KRW); the fair value is what the company's own numbers justify (178,200 KRW). For Kpx Holdings the two are 89,100 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Kpx Holdings worth?
The market values Kpx Holdings at about 352B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 89,100 KRW; our models calculate a fair value of 178,200 KRW per share.
What do the bullish and bearish scenarios say about 092230?
Our models span a range for Kpx Holdings: cautious scenario 139,664 KRW, base 178,200 KRW, optimistic 219,408 KRW per share (as of Nov 8, 2026, price 89,100 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 092230?
Kpx Holdings trades at a price-to-earnings ratio of 1.2 (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 178,200 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 5.9. Other multiples: P/B 0.3, P/S 0.3, EV/EBITDA 1.3.
How solid is the balance sheet of Kpx Holdings (092230)?
Balance-sheet figures for Kpx Holdings (as of Nov 8, 2026): return on equity 22.9%, debt of 0.04 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 092230 from its 52-week high?
Kpx Holdings trades at 89,100 KRW, about 15% below its 52-week high of 104,300 KRW and 43% above the low of 62,133 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 178,200 KRW is for.
Which stocks are comparable to Kpx Holdings?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, 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 Kpx Holdings stock attractive at the current price?
The data as of Nov 8, 2026: price 89,100 KRW, calculated fair value 178,200 KRW (+100%), Quality Score 51/100, from 12 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 092230 calculated?
We run Kpx Holdings through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 178,200 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. Kpx Holdings currently trades 50% 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 Kpx Holdings (092230)?
The closing price on Nov 6, 2026 was 89,100 KRW. Our model-based fair value is 178,200 KRW, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kpx Holdings right now?
The price is below even our cautious bear case (139,664 KRW). The market is more pessimistic than our downside scenario. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Kpx Holdings
How large is the market capitalisation of Kpx Holdings (092230)?
The market capitalisation of Kpx Holdings is 352B KRW (≈ $260M). 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 Kpx Holdings (092230)?
The price-to-sales ratio of Kpx Holdings is 0.28 (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 Kpx Holdings (092230)?
Earnings per share at Kpx Holdings are 76,566 KRW (price ÷ EPS = P/E 1.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kpx Holdings (092230)?
The dividend yield of Kpx Holdings is 7.0% (payout 8.2%). 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 Kpx Holdings (092230)?
The net margin of Kpx Holdings is 24.3% (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 Kpx Holdings (092230)?
The return on equity (ROE) of Kpx Holdings is 22.9% (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 Kpx Holdings (092230)?
On an EBIT basis the return on assets of Kpx Holdings is 2.8% (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 Kpx Holdings (092230)?
The operating margin of Kpx Holdings is 8.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kpx Holdings (092230)?
Revenue at Kpx Holdings is growing +23.0% versus a year earlier (3y avg −2.1%). 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 Kpx Holdings (092230)?
Earnings per share at Kpx Holdings are growing +684% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kpx Holdings (092230) carry?
The net debt of Kpx Holdings is 22.7B KRW (fiscal year 2025, ≈ 0.6 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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Some data
Nov 8, 2026