WONIK Materials Co.Ltd (104830) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of WONIK Materials Co.Ltd stock KRW 24,870, price KRW 29,550, that is 15.8% below the price, quality 61 out of 100. Rating: overvalued. Calculated from audited financials with 17 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 5, 2026.
How to read this chart
60‑month range 15,875 KRW – 54,900 KRW · fair‑value band 22,160 KRW – 29,075 KRW · the 29,550 KRW price screens above the 24,870 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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WONIK Materials Co.,Ltd. manufactures and sells specialty gases in South Korea, China, and internationally.
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The company's specialty gases include NH3, N2O, C3H6, and PH3MIX. It offers semiconductors and displays products, such as CVD and diffusion, etching and cleaning, implant and doping, and excimer laser; and precursor products, that includes elements, logics, DRAM, NAND, and PCM, as well as engages in manufacturing, refining, charging, and sales of industrial gases.
The company was founded in 2006 and is headquartered in Cheongwon, South Korea.
Stock analysis
WONIK Materials Co.Ltd (104830) currently trades at 29,550 KRW, while our model-based Fair Value estimate is 24,870 KRW, 16% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 57,999 KRW per share, and 9 of the 17 models we run sit above the 29,550 KRW price.
Bear case: the Dividend Discount group reads lowest at 3,975 KRW, and 8 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: 22,160 KRW (bear) to 29,075 KRW (bull), the price of 29,550 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 61/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
WONIK Materials Co.Ltd reported revenue of 322B KRW in FY2025 versus 311B KRW in FY2021, a compound +0.9%/yr. Reported net income was 48.7B KRW in FY2025, compounding −2.0%/yr from FY2021.
Key figures
Market cap 369B KRW (≈ $273M) Micro · P/E ratio 7.7 · P/S ratio 1.06 · EPS (TTM) 4,303 KRW · Dividend yield 1.7% · Net margin 15.5% · Return on equity 10.4% · Return on assets (EBIT) 8.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −16%, 104830 screens cheaper than that median.
Fair Value models
Bear22,160 KRWFair Value 24,870 KRWBull29,075 KRW
Price 29,550 KRW · Downside -15.8%
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 (3,261 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.33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+0.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.0%
Dividend (yield on the price)1.7%
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.8.0% vs 12.0%, slowing
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.17% → 18%
2025 sits 53% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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 13/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−15.8% · Above median
Profitability
Return on equity (12 months)10.4% · Above median
Return on assets7.6% · Top 25%
Net margin (12 months)15.5% · Top 25%
Operating margin (12 months)15.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)23.1% · Above median
Dividend yield (12 months)1.7% · Above median
Balance sheet
Debt / equity0.10× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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Is WONIK Materials Co.Ltd (104830) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 24,870 KRW versus a price of 29,550 KRW, about 16% lower (overvalued).
What is the fair value of 104830?
Our model-based fair value for WONIK Materials Co.Ltd is 24,870 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 29,550 KRW.
What is the quality score of 104830?
WONIK Materials Co.Ltd has a Quality Score of 61/100. 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 WONIK Materials Co.Ltd (104830)?
Our model-based price target is the fair value of 24,870 KRW (as of Nov 5, 2026) from 17 valuation models. Cautious scenario 22,160 KRW, optimistic scenario 29,075 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the WONIK Materials Co.Ltd stock forecast for 2026?
Our models put fair value at 24,870 KRW, about 16% lower versus a price of 29,550 KRW (overvalued). Cautious scenario 22,160 KRW, optimistic scenario 29,075 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of WONIK Materials Co.Ltd (104830)?
WONIK Materials Co.Ltd reported trailing-twelve-month revenue of about 350B KRW (latest available figure, as of Nov 5, 2026).
Does WONIK Materials Co.Ltd pay a dividend?
WONIK Materials Co.Ltd currently shows a dividend yield of 1.69% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of WONIK Materials Co.Ltd (104830) and when is the ex-dividend date?
WONIK Materials Co.Ltd pays a dividend of 500.00 KRW per share a year, a dividend yield of 1.7%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2018. The payout ratio is 11.6% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of WONIK Materials Co.Ltd (104830)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WONIK Materials Co.Ltd it is 24,870 KRW per share (as of Nov 5, 2026), against a price of 29,550 KRW. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is WONIK Materials Co.Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 104830 trades above its calculated fair value: price 29,550 KRW, fair value 24,870 KRW, a gap of about −16% (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 104830?
No. The price is what the market pays today (29,550 KRW); the fair value is what the company's own numbers justify (24,870 KRW). For WONIK Materials Co.Ltd the two are 4,680 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is WONIK Materials Co.Ltd worth?
The market values WONIK Materials Co.Ltd at about 369B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 29,550 KRW; our models calculate a fair value of 24,870 KRW per share.
What do the bullish and bearish scenarios say about 104830?
Our models span a range for WONIK Materials Co.Ltd: cautious scenario 22,160 KRW, base 24,870 KRW, optimistic 29,075 KRW per share (as of Nov 5, 2026, price 29,550 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 104830?
WONIK Materials Co.Ltd trades at a price-to-earnings ratio of 7.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 24,870 KRW is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings, FY2025 ex one-offs: 8.2. Other multiples: P/B 0.7, P/S 1.1, EV/EBITDA 3.8.
How solid is the balance sheet of WONIK Materials Co.Ltd (104830)?
Balance-sheet figures for WONIK Materials Co.Ltd (as of Nov 5, 2026): return on equity 10.4%, debt of 0.10 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 104830 from its 52-week high?
WONIK Materials Co.Ltd trades at 29,550 KRW, about 46% below its 52-week high of 54,900 KRW and 12% above the low of 26,400 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 24,870 KRW is for.
Which stocks are comparable to WONIK Materials Co.Ltd?
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 WONIK Materials Co.Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 29,550 KRW, calculated fair value 24,870 KRW (−16%), Quality Score 61/100, from 17 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 104830 calculated?
We run WONIK Materials Co.Ltd through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 24,870 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. WONIK Materials Co.Ltd 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 WONIK Materials Co.Ltd (104830)?
The closing price on Nov 6, 2026 was 29,550 KRW. Our model-based fair value is 24,870 KRW, about 16% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WONIK Materials Co.Ltd right now?
Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits above our optimistic bull case: the favourable scenario is already priced in. The data supports the verdict: every model runs on fully documented inputs.
Key figures of WONIK Materials Co.Ltd
How large is the market capitalisation of WONIK Materials Co.Ltd (104830)?
The market capitalisation of WONIK Materials Co.Ltd is 369B KRW (≈ $273M). 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 WONIK Materials Co.Ltd (104830)?
The price-to-sales ratio of WONIK Materials Co.Ltd is 1.06 (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 WONIK Materials Co.Ltd (104830)?
Earnings per share at WONIK Materials Co.Ltd are 4,303 KRW (price ÷ EPS = P/E 7.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of WONIK Materials Co.Ltd (104830)?
The dividend yield of WONIK Materials Co.Ltd is 1.7% (payout 11.6%). 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 WONIK Materials Co.Ltd (104830)?
The net margin of WONIK Materials Co.Ltd is 15.5% (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 WONIK Materials Co.Ltd (104830)?
The return on equity (ROE) of WONIK Materials Co.Ltd is 10.4% (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 WONIK Materials Co.Ltd (104830)?
On an EBIT basis the return on assets of WONIK Materials Co.Ltd is 8.7% (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 WONIK Materials Co.Ltd (104830)?
The operating margin of WONIK Materials Co.Ltd is 15.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WONIK Materials Co.Ltd (104830)?
Revenue at WONIK Materials Co.Ltd is growing +23.1% versus a year earlier (3y avg −17.8%). 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 WONIK Materials Co.Ltd (104830)?
Earnings per share at WONIK Materials Co.Ltd are growing +32.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does WONIK Materials Co.Ltd (104830) generate?
The free cash flow of WONIK Materials Co.Ltd is −5.1B 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 WONIK Materials Co.Ltd (104830) carry?
The net debt of WONIK Materials Co.Ltd is 24.0B 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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Broad data
Nov 5, 2026