ASTech Co., Ltd. (453860) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of ASTech Co., Ltd. stock KRW 6,935, price KRW 6,630, upside +4.6%, quality 26 out of 100. Rating: fairly valued. Calculated from audited financials with 8 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 3, 2026.
How to read this chart
35‑month range 6,260 KRW – 67,920 KRW · fair‑value band 5,286 KRW – 7,160 KRW · the 6,630 KRW price screens below the 6,935 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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ASTech Co., Ltd. operates as a fine chemical manufacturing company in South Korea. It offers organic UV filters, such as Uvimax Type, Uvimax DHHB, Uvimax EHT, Uvimax TDSA, and Uvimax BEMT; active pharmaceutical ingredients; and other products.
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The company was founded in 2005 and is headquartered in Seocheon-eup, South Korea.
Stock analysis
ASTech Co., Ltd. (453860) currently trades at 6,630 KRW, while our model-based Fair Value estimate is 6,935 KRW, so the stock looks roughly fairly valued today (gap 4.4%).
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Valuation
Bull case: the Multiples group reads highest at a median of 7,048 KRW per share, and 3 of the 7 models we run sit above the 6,630 KRW price.
Bear case: the Earnings-Based group reads lowest at 2,790 KRW, and 4 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 5,286 KRW (bear) to 7,160 KRW (bull), the price of 6,630 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 26/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
ASTech Co., Ltd. reported revenue of 24.6B KRW in FY2025 versus 14.6B KRW in FY2021, a compound +13.8%/yr. Reported net income was 2.2B KRW in FY2025, compounding +42.8%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 41.3B KRW (≈ $30.5M) Micro · P/S ratio 2.16 · EPS (TTM) −1,043 KRW · Dividend yield 7.5% · Net margin −34.4% · Return on equity −10.8% · Return on assets (EBIT) 8.0% (5-year average) · Operating margin −115%.
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 59% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −23% fair-value upside, at 5%, 453860 screens cheaper than that median.
Fair Value models
Bear5,286 KRWFair Value 6,935 KRWBull7,160 KRW
Price 6,630 KRW · Upside +4.6%
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.8/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−42.3%
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.
−8.6%
’21
’22
’23
’24
’25
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.
+40.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+33.2%
Dividend (yield on the price)7.5%
Profit margin 2021 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.5% → 0%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Aerospace & Defense” was too small, so the broader sector is used.)Industrials · 5334 stocks
Beats the sector median on 3/10 measures
Overall it trails its sector peers.
Valuation
Quality Score26 · Bottom 25%
Fair Value upside+4.6% · Above median
Profitability
Return on assets2.0% · Below median
Net margin (12 months)−34.4% · Bottom 25%
Operating margin (12 months)−115.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−45.0% · Bottom 25%
Dividend yield (12 months)7.5% · Top 25%
Balance sheet
Debt / equity0.46× · Highest 25%
Valuation Multiplesvs Industrials median · lower = cheaper
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Is ASTech Co., Ltd. (453860) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 6,935 KRW versus a price of 6,630 KRW, about +5% upside (fairly valued).
What is the fair value of 453860?
Our model-based fair value for ASTech Co., Ltd. is 6,935 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 6,630 KRW.
What is the quality score of 453860?
ASTech Co., Ltd. has a Quality Score of 26/100. 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 ASTech Co., Ltd. (453860)?
Our model-based price target is the fair value of 6,935 KRW (as of Nov 3, 2026) from 8 valuation models. Cautious scenario 5,286 KRW, optimistic scenario 7,160 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the ASTech Co., Ltd. stock forecast for 2026?
Our models put fair value at 6,935 KRW, about +5% upside versus a price of 6,630 KRW (fairly valued). Cautious scenario 5,286 KRW, optimistic scenario 7,160 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of ASTech Co., Ltd. (453860)?
ASTech Co., Ltd. reported trailing-twelve-month revenue of about 19.5B KRW (latest available figure, as of Nov 3, 2026).
Does ASTech Co., Ltd. pay a dividend?
ASTech Co., Ltd. currently shows a dividend yield of 7.54% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of ASTech Co., Ltd. (453860) and when is the ex-dividend date?
ASTech Co., Ltd. pays a dividend of 500.00 KRW per share a year, a dividend yield of 7.5%. The last ex-dividend date was Jan 29, 2026. The payout ratio is 149% of earnings. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of ASTech Co., Ltd. (453860)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ASTech Co., Ltd. it is 6,935 KRW per share (as of Nov 3, 2026), against a price of 6,630 KRW. It is the blended result of 8 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is ASTech Co., Ltd. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 453860 trades below its calculated fair value: price 6,630 KRW, fair value 6,935 KRW, a gap of about +5% (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 453860?
No. The price is what the market pays today (6,630 KRW); the fair value is what the company's own numbers justify (6,935 KRW). For ASTech Co., Ltd. the two are 304.74 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is ASTech Co., Ltd. worth?
The market values ASTech Co., Ltd. at about 41.3B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 6,630 KRW; our models calculate a fair value of 6,935 KRW per share.
What do the bullish and bearish scenarios say about 453860?
Our models span a range for ASTech Co., Ltd.: cautious scenario 5,286 KRW, base 6,935 KRW, optimistic 7,160 KRW per share (as of Nov 3, 2026, price 6,630 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ASTech Co., Ltd. (453860)?
Balance-sheet figures for ASTech Co., Ltd. (as of Nov 3, 2026): return on equity −10.8%, debt of 0.46 per unit of equity. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is 453860 from its 52-week high?
ASTech Co., Ltd. trades at 6,630 KRW, about 59% below its 52-week high of 16,336 KRW and 6% above the low of 6,260 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 6,935 KRW is for.
Which stocks are comparable to ASTech Co., Ltd.?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin 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 ASTech Co., Ltd. stock attractive at the current price?
The data as of Nov 3, 2026: price 6,630 KRW, calculated fair value 6,935 KRW (+5%), Quality Score 26/100, from 8 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 453860 calculated?
We run ASTech Co., Ltd. through 8 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 6,935 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. ASTech Co., Ltd. currently trades 4% 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 ASTech Co., Ltd. (453860)?
The closing price on Nov 6, 2026 was 6,630 KRW. Our model-based fair value is 6,935 KRW, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ASTech 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 ASTech Co., Ltd.
How large is the market capitalisation of ASTech Co., Ltd. (453860)?
The market capitalisation of ASTech Co., Ltd. is 41.3B KRW (≈ $30.5M). 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 ASTech Co., Ltd. (453860)?
The price-to-sales ratio of ASTech Co., Ltd. is 2.16 (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 ASTech Co., Ltd. (453860)?
Earnings per share at ASTech Co., Ltd. are −1,043 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ASTech Co., Ltd. (453860)?
The dividend yield of ASTech Co., Ltd. is 7.5%. 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 ASTech Co., Ltd. (453860)?
The net margin of ASTech Co., Ltd. is −34.4% (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 ASTech Co., Ltd. (453860)?
The return on equity (ROE) of ASTech Co., Ltd. is −10.8% (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 ASTech Co., Ltd. (453860)?
On an EBIT basis the return on assets of ASTech Co., Ltd. is 8.0% (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 ASTech Co., Ltd. (453860)?
The operating margin of ASTech Co., Ltd. is −115% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ASTech Co., Ltd. (453860)?
Revenue at ASTech Co., Ltd. is growing −45.0% versus a year earlier (3y avg −8.6%). 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 ASTech Co., Ltd. (453860)?
Earnings per share at ASTech Co., Ltd. are growing −90.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ASTech Co., Ltd. (453860) generate?
The free cash flow of ASTech Co., Ltd. is −28.0B 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 ASTech Co., Ltd. (453860) carry?
The net debt of ASTech Co., Ltd. is 36.8B 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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Nov 3, 2026