KNOTUS Co.Ltd (278650) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of KNOTUS Co.Ltd stock KRW 4,744, price KRW 4,870, that is 2.6% below the price, quality 54 out of 100. Rating: fairly valued. Calculated from audited financials with 6 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 1,583 KRW – 185,086 KRW · fair‑value band 3,744 KRW – 6,053 KRW · the 4,870 KRW price screens above the 4,744 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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HLB bioStep Co.,Ltd. provides various test services in South Korea.
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It offers non clinical CRO services for cancer, bone and brain disease, endocrineand metabolic and eye disease, liver and circulatory system disease, dental and gastrointestinal disease, hair growth, kidney and respiratory disease, painmodel, and skin disease.
It also offers representative analysis equipment, veterinary drug development consulting and clinical trial services, and bioanalysis items. The company was formerly known as KNOTUS Co.,Ltd. HLB bioStep Co.,Ltd. was founded in 2012 and is headquartered in Incheon, South Korea.
Stock analysis
KNOTUS Co.Ltd (278650) currently trades at 4,870 KRW, while our model-based Fair Value estimate is 4,744 KRW, so the stock looks roughly fairly valued today (gap 2.7%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 4,252 KRW per share, and 0 of the 6 models we run sit above the 4,870 KRW price.
Bear case: the DCF Models group reads lowest at 4,005 KRW, and 6 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 3,744 KRW (bear) to 6,053 KRW (bull), the price of 4,870 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 54/100 (solid quality), in the Healthcare sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
KNOTUS Co.Ltd reported revenue of 74.1B KRW in FY2025 versus 64.4B KRW in FY2021, a compound +3.6%/yr. Reported net income was −19.0B KRW in FY2025.
Key figures
Market cap 104B KRW (≈ $77.0M) Micro · P/S ratio 1.44 · EPS (TTM) −1,071 KRW · Net margin −25.5% · Return on equity −18.7% · Return on assets (EBIT) 0.8% (5-year average) · Operating margin −11.9% · Revenue (TTM) 72.2B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 208% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 10% fair-value upside, at −3%, 278650 screens richer than that median.
Fair Value models
Bear3,744 KRWFair Value 4,744 KRWBull6,053 KRW
Price 4,870 KRW · Downside -2.6%
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.
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
+27.3%
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.
−5.0%
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.
+4.8%
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.
+23.4%
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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.
15.1% (2020) → −11.6% (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
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).
+41.6%
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 +38.7% 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.Biotechnology · 559 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−2.6% · Above median
Profitability
Return on assets−12.2% · Below median
Net margin (12 months)−25.5% · Bottom 25%
Operating margin (12 months)−11.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−10.2% · Below median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Biotechnology median · lower = cheaper
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). "KNOTUS Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/278650
Frequently asked questions
Is KNOTUS Co.Ltd (278650) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 4,744 KRW versus a price of 4,870 KRW, about 3% lower (fairly valued).
What is the fair value of 278650?
Our model-based fair value for KNOTUS Co.Ltd is 4,744 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 4,870 KRW.
What is the quality score of 278650?
KNOTUS Co.Ltd has a Quality Score of 54/100. 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 KNOTUS Co.Ltd (278650)?
Our model-based price target is the fair value of 4,744 KRW (as of Nov 9, 2026) from 6 valuation models. Cautious scenario 3,744 KRW, optimistic scenario 6,053 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the KNOTUS Co.Ltd stock forecast for 2026?
Our models put fair value at 4,744 KRW, about 3% lower versus a price of 4,870 KRW (fairly valued). Cautious scenario 3,744 KRW, optimistic scenario 6,053 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of KNOTUS Co.Ltd (278650)?
KNOTUS Co.Ltd reported trailing-twelve-month revenue of about 72.2B KRW (latest available figure, as of Nov 9, 2026).
What growth is priced into KNOTUS Co.Ltd (278650)?
For today's price to be fair in a discounted-cash-flow model, KNOTUS Co.Ltd would have to grow free cash flow by +41.6 % 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 +4.8 % 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 9, 2026.
What discount rate (WACC) does the fair value of 278650 use?
Our models discount KNOTUS Co.Ltd at 13.1 %: a base by market capitalisation (micro), 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 KNOTUS Co.Ltd that is +41.6 % 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 KNOTUS Co.Ltd (278650) delivered so far?
Over the past 5 years revenue at KNOTUS Co.Ltd grew +4.8 % a year. The price currently implies free-cash-flow growth of +41.6 % 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 KNOTUS Co.Ltd (278650) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into KNOTUS Co.Ltd (+41.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of KNOTUS Co.Ltd (278650)?
The free-cash-flow yield on the price is 1.25 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow KNOTUS Co.Ltd 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 KNOTUS Co.Ltd (278650)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KNOTUS Co.Ltd it is 4,744 KRW per share (as of Nov 9, 2026), against a price of 4,870 KRW. It is the blended result of 6 valuation models in 3 families (DCF Models, Asset-Based, Growth DCF).
Is KNOTUS Co.Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 278650 trades above its calculated fair value: price 4,870 KRW, fair value 4,744 KRW, a gap of about −3% (fairly valued). 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 278650?
No. The price is what the market pays today (4,870 KRW); the fair value is what the company's own numbers justify (4,744 KRW). For KNOTUS Co.Ltd the two are 126.09 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is KNOTUS Co.Ltd worth?
The market values KNOTUS Co.Ltd at about 104B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 4,870 KRW; our models calculate a fair value of 4,744 KRW per share.
What do the bullish and bearish scenarios say about 278650?
Our models span a range for KNOTUS Co.Ltd: cautious scenario 3,744 KRW, base 4,744 KRW, optimistic 6,053 KRW per share (as of Nov 9, 2026, price 4,870 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of KNOTUS Co.Ltd (278650)?
Balance-sheet figures for KNOTUS Co.Ltd (as of Nov 9, 2026): return on equity −18.7%, debt of 0.02 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 278650 from its 52-week high?
KNOTUS Co.Ltd trades at 4,870 KRW, about 41% below its 52-week high of 8,320 KRW and 208% above the low of 1,583 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 4,744 KRW is for.
Which stocks are comparable to KNOTUS Co.Ltd?
From the same area (Healthcare) we also value Vertex Pharmaceuticals Incorporated, Regeneron Pharmaceuticals, Inc, CSL Limited, argenx SE, 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 KNOTUS Co.Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 4,870 KRW, calculated fair value 4,744 KRW (−3%), Quality Score 54/100, from 6 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 278650 calculated?
We run KNOTUS Co.Ltd through 6 models from 3 families: DCF Models, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 4,744 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. KNOTUS 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 KNOTUS Co.Ltd (278650)?
The closing price on Nov 9, 2026 was 4,870 KRW. Our model-based fair value is 4,744 KRW, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KNOTUS Co.Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of KNOTUS Co.Ltd
How large is the market capitalisation of KNOTUS Co.Ltd (278650)?
The market capitalisation of KNOTUS Co.Ltd is 104B KRW (≈ $77.0M). 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 KNOTUS Co.Ltd (278650)?
The price-to-sales ratio of KNOTUS Co.Ltd is 1.44 (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 KNOTUS Co.Ltd (278650)?
Earnings per share at KNOTUS Co.Ltd are −1,071 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of KNOTUS Co.Ltd (278650)?
The net margin of KNOTUS Co.Ltd is −25.5% (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 KNOTUS Co.Ltd (278650)?
The return on equity (ROE) of KNOTUS Co.Ltd is −18.7% (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 KNOTUS Co.Ltd (278650)?
On an EBIT basis the return on assets of KNOTUS Co.Ltd is 0.8% (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 KNOTUS Co.Ltd (278650)?
The operating margin of KNOTUS Co.Ltd is −11.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KNOTUS Co.Ltd (278650)?
Revenue at KNOTUS Co.Ltd is growing −10.2% versus a year earlier (3y avg −5.0%). 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 KNOTUS Co.Ltd (278650)?
Earnings per share at KNOTUS Co.Ltd are growing −48.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does KNOTUS Co.Ltd (278650) carry?
The net debt of KNOTUS Co.Ltd is 76.0B KRW (fiscal year 2022, ≈ 74.0 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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Thin data
Nov 9, 2026