SMCG Co., Ltd. (460870) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of SMCG Co., Ltd. stock KRW 2,183, price KRW 2,600, that is 16.0% below the price, quality 35 out of 100. Rating: overvalued. Calculated from audited financials with 15 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
20‑month range 1,901 KRW – 9,170 KRW · fair‑value band 1,141 KRW – 3,224 KRW · the 2,600 KRW price screens above the 2,183 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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SMCG Co., Ltd. manufactures and sells glass containers for cosmetics. The company also provides accessories, which includes caps, pumps, droppers, etc. It serves companies and small and medium-sized enterprises. The company was founded in 1998 and is headquartered in Anseong-si, South Korea.
Stock analysis
SMCG Co., Ltd. (460870) currently trades at 2,600 KRW, while our model-based Fair Value estimate is 2,183 KRW, 16% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 2,871 KRW per share, and 3 of the 15 models we run sit above the 2,600 KRW price.
Bear case: the Earnings-Based group reads lowest at 1,337 KRW, and 12 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,141 KRW (bear) to 3,224 KRW (bull), the price of 2,600 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 35/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
SMCG Co., Ltd. reported revenue of 55.8B KRW in FY2025 versus 31.6B KRW in FY2022, a compound +20.8%/yr. Reported net income was 1.3B KRW in FY2025, compounding +10.7%/yr from FY2022.
Key figures
Market cap 51.4B KRW (≈ $38.0M) Micro · P/E ratio 14.8 · P/S ratio 0.87 · EPS (TTM) 200.42 KRW · Net margin 6.7% · Return on equity 9.5% · Return on assets (EBIT) 5.5% (4-year average) · Operating margin 9.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
The share trades about 42% below its 52-week high and 37% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −18% fair-value upside, at −16%, 460870 screens cheaper than that median.
Fair Value models
Bear1,141 KRWFair Value 2,183 KRWBull3,224 KRW
Price 2,600 KRW · Downside -16.0%
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 (171.87 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+2.2%
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.
+20.8%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
+7.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.7%
Dividend (yield on the price)0.0%
Profit margin 2022 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% → 9%
2025 sits 81% above its own trend. The rate follows the median trend of the last 3 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.Packaging & Containers · 261 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside−16.0% · Below median
Profitability
Return on equity (12 months)9.5% · Above median
Return on assets1.9% · Below median
Net margin (12 months)6.7% · Above median
Operating margin (12 months)9.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)7.4% · Below median
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Packaging & Containers median · lower = cheaper
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Is SMCG Co., Ltd. (460870) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 2,183 KRW versus a price of 2,600 KRW, about 16% lower (overvalued).
What is the fair value of 460870?
Our model-based fair value for SMCG Co., Ltd. is 2,183 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 2,600 KRW.
What is the quality score of 460870?
SMCG Co., Ltd. has a Quality Score of 35/100. 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 SMCG Co., Ltd. (460870)?
Our model-based price target is the fair value of 2,183 KRW (as of Nov 9, 2026) from 15 valuation models. Cautious scenario 1,141 KRW, optimistic scenario 3,224 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the SMCG Co., Ltd. stock forecast for 2026?
Our models put fair value at 2,183 KRW, about 16% lower versus a price of 2,600 KRW (overvalued). Cautious scenario 1,141 KRW, optimistic scenario 3,224 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of SMCG Co., Ltd. (460870)?
SMCG Co., Ltd. reported trailing-twelve-month revenue of about 58.9B KRW (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of SMCG Co., Ltd. (460870)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SMCG Co., Ltd. it is 2,183 KRW per share (as of Nov 9, 2026), against a price of 2,600 KRW. It is the blended result of 15 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is SMCG Co., Ltd. stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 460870 trades above its calculated fair value: price 2,600 KRW, fair value 2,183 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 460870?
No. The price is what the market pays today (2,600 KRW); the fair value is what the company's own numbers justify (2,183 KRW). For SMCG Co., Ltd. the two are 416.55 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is SMCG Co., Ltd. worth?
The market values SMCG Co., Ltd. at about 51.4B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 2,600 KRW; our models calculate a fair value of 2,183 KRW per share.
What do the bullish and bearish scenarios say about 460870?
Our models span a range for SMCG Co., Ltd.: cautious scenario 1,141 KRW, base 2,183 KRW, optimistic 3,224 KRW per share (as of Nov 9, 2026, price 2,600 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 460870?
SMCG Co., Ltd. trades at a price-to-earnings ratio of 14.8 (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 2,183 KRW is built from several models across several years. Other multiples: P/B 1.2, P/S 0.9, EV/EBITDA 5.7.
How solid is the balance sheet of SMCG Co., Ltd. (460870)?
Balance-sheet figures for SMCG Co., Ltd. (as of Nov 9, 2026): return on equity 9.5%, debt of 0.18 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is 460870 from its 52-week high?
SMCG Co., Ltd. trades at 2,600 KRW, about 42% below its 52-week high of 4,470 KRW and 37% above the low of 1,901 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2,183 KRW is for.
Which stocks are comparable to SMCG Co., Ltd.?
From the same area (Consumer Cyclical) we also value Smurfit Westrock Plc,, Packaging Corporation, Amcor plc, International Paper Company, 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 SMCG Co., Ltd. stock attractive at the current price?
The data as of Nov 9, 2026: price 2,600 KRW, calculated fair value 2,183 KRW (−16%), Quality Score 35/100, from 15 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 460870 calculated?
We run SMCG Co., Ltd. through 15 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2,183 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. SMCG 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 SMCG Co., Ltd. (460870)?
The closing price on Nov 6, 2026 was 2,600 KRW. Our model-based fair value is 2,183 KRW, about 16% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SMCG Co., Ltd. right now?
Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (1,141 KRW to 3,224 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of SMCG Co., Ltd.
How large is the market capitalisation of SMCG Co., Ltd. (460870)?
The market capitalisation of SMCG Co., Ltd. is 51.4B KRW (≈ $38.0M). 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 SMCG Co., Ltd. (460870)?
The price-to-sales ratio of SMCG Co., Ltd. is 0.87 (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 SMCG Co., Ltd. (460870)?
Earnings per share at SMCG Co., Ltd. are 200.42 KRW (price ÷ EPS = P/E 14.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SMCG Co., Ltd. (460870)?
The net margin of SMCG Co., Ltd. is 6.7% (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 SMCG Co., Ltd. (460870)?
The return on equity (ROE) of SMCG Co., Ltd. is 9.5% (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 SMCG Co., Ltd. (460870)?
On an EBIT basis the return on assets of SMCG Co., Ltd. is 5.5% (avg 4y). 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 SMCG Co., Ltd. (460870)?
The operating margin of SMCG Co., Ltd. is 9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SMCG Co., Ltd. (460870)?
Revenue at SMCG Co., Ltd. is growing +7.4% versus a year earlier (3y avg +20.8%). 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 SMCG Co., Ltd. (460870)?
Earnings per share at SMCG Co., Ltd. are growing −5.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SMCG Co., Ltd. (460870) generate?
The free cash flow of SMCG Co., Ltd. is −3.4B 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 SMCG Co., Ltd. (460870) carry?
The net debt of SMCG Co., Ltd. is 20.3B 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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Some data
Nov 9, 2026