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STOCK COMPARISON

Tplex Co. vs Nickel Asia: Fair Value & Quality

Both stocks run through our valuation models. Here is how Tplex Co. (081150) and Nickel Asia (NIKL) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Tplex Co. as the less overvalued of the two: Tplex Co. trades at KRW 2,605 versus a fair value of KRW 2,138 (-18%), while Nickel Asia trades at PHP 4.20 versus PHP 3.28 (-22%).
Tplex Co.
081150.KQ · KRW · Materials
-18%
upside to fair value
overvalued
PriceKRW 2,605
Fair ValueKRW 2,138
Quality54/100
Nickel Asia
NIKL.PSE · PHP · Materials
-22%
upside to fair value
overvalued
PricePHP 4.20
Fair ValuePHP 3.28
Quality65/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Tplex Co.Nickel Asia
Valuation
n/aP/E (TTM)18.1×
−17.9%Fair value upside−21.9%
0.9%Dividend yield12.3%
Profitability
3%Operating margin0%
0.66×EBIT margin trend (5Y)1.07×
135%Return on equityn/a
1%Return on assets0%
Growth
15%Revenue growth (YoY)0%
-6.7%Avg. growth/yr (3Y)1.9%
9.5%Avg. growth/yr (5Y)6.3%
−1.3%Value creation/yr+7.7%
Balance & size
3.8×Interest coverage (EBIT/interest)n/a
0.00×Debt / equity0.22×
$44MMarket cap$936M
weakGrowth qualityexpensive

Even match: 5 to 5 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Tplex Co.of which business quality 48 · market factors 29 Nickel Asiaof which business quality 63 · market factors 45
ProfitabilityMargins and returns on capital today
28
56
Quality GrowthAre margins and returns improving?
44
95
CashflowEarnings quality: real cash, not paper profit
6
58
Fin. StrengthBalance sheet, leverage, solvency risk
53
57
InvestmentDisciplined investing over empire-building
100
40
Low VolatilityCalm price path (market factor)
52
0
MomentumPrice trend over the last 3–12 months (market factor)
25
54
52W MomentumDistance to the 52-week high (market factor)
10
80
Net IssuanceShare count: buybacks or dilution?
100
78

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyTplex Co.Price KRW 2,605Nickel AsiaPrice PHP 4.20
DCF Models+38%above the priceKRW 3,589+31%above the pricePHP 5.50
Earnings-Based-18%below the priceKRW 2,142+36%above the pricePHP 5.70
Dividend Discountn/a+57%above the pricePHP 6.60
Multiples-1%close to the priceKRW 2,570+148%above the pricePHP 10.42
Asset-Based+67%above the priceKRW 4,346-38%below the pricePHP 2.60
Growth DCFn/a-37%below the pricePHP 2.63
Economic Profit+22%above the priceKRW 3,190+59%above the pricePHP 6.69
Growth Earnings-28%below the priceKRW 1,887+117%above the pricePHP 9.10
Minimum-28%below the priceKRW 1,887-38%below the pricePHP 2.60
Maximum+67%above the priceKRW 4,346+148%above the pricePHP 10.42
Median+11%close to the priceKRW 2,880+46%above the pricePHP 6.15
Geometric mean+9%close to the priceKRW 2,833+32%above the pricePHP 5.55

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Tplex Co.: 8 of 14 models see the stock below the current price.

Nickel Asia: 9 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Tplex Co.
Price KRW 2,605
Fair Value KRW 2,138
Bear KRW 1,462Bull KRW 2,790
Nickel Asia
Price PHP 4.20
Fair Value PHP 3.28
Bear PHP 2.57Bull PHP 5.02

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Tplex Co. · Materials

Quality score54 · above median
Fair value upside-18% · above median

Nickel Asia · Materials

Quality score65 · Top 25%
Fair value upside-22% · below median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Tplex Co. as the less overvalued of the two: Tplex Co. trades at KRW 2,605 versus a fair value of KRW 2,138 (-18%), while Nickel Asia trades at PHP 4.20 versus PHP 3.28 (-22%).

Nickel Asia has the higher quality score (65/100).

Open Tplex Co. live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.