Norooholdings (000320) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Norooholdings KRW 39,713, price KRW 15,830, upside +150.9%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 8,350 KRW – 35,257 KRW · fair‑value band 29,785 KRW – 49,642 KRW · the 15,830 KRW price screens below the 39,713 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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NOROO Holdings Co., Ltd. operates as a general fine chemical company in South Korea. It produces industrial materials, such as paints, inks, and resins; and color chemicals used in automobiles and building interiors, as well as offers plastic products for automobiles and home appliances.
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NOROO Holdings Co., Ltd. operates as a general fine chemical company in South Korea. It produces industrial materials, such as paints, inks, and resins; and color chemicals used in automobiles and building interiors, as well as offers plastic products for automobiles and home appliances. The company is also involved in the distribution, processing, sale, and seed cultivation of agricultural products; investment; seed production; intellectual property management and rental; transportation intermediary agency and brokerage; and O2O service businesses. In addition, it provides color consulting and design services; manufactures and sells thinners; and engages in the color education business. The company was formerly known as DPI Holdings Co., Ltd. and changed its name to NOROO Holdings Co., Ltd. in March 2010. NOROO Holdings Co., Ltd. was founded in 1945 and is headquartered in Anyang-Si, South Korea.
Stock analysis
Norooholdings (000320) currently trades at 15,830 KRW, while our model-based Fair Value estimate is 39,713 KRW, implying the stock looks roughly 60.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 78,674 KRW per share, and 26 of the 26 models we run sit above the 15,830 KRW price.
Bear case: the Dividend Discount group reads lowest at 20,252 KRW, and 0 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 29,785 KRW (bear) to 49,642 KRW (bull), the price of 15,830 KRW sits below 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 57/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Norooholdings reported revenue of 1.2T KRW in FY2025 versus 955B KRW in FY2021, a compound +6.7%/yr. Reported net income was 32.4B KRW in FY2025, compounding +112.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 162B KRW (≈ $119M) · P/S ratio 0.13 · Dividend yield 3.8% · Net margin 2.6% · Return on equity 7.8% · Return on assets (EBIT) 4.4% · Operating margin 5.5% · Revenue (TTM) 1.2T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −40% fair-value upside, at 151%, 000320 screens cheaper than that median.
Fair Value models
Bear 29,785 KRWFair Value 39,713 KRWBull 49,642 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.7%
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.
+6.1%
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.
+7.9%
Start year 2020 (pandemic). Over 10 years: +6.1% a year
Revenue growth 25 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.
+7.0%
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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.
+51.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+47.9%
Dividend (yield on the price)3.8%
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.4% → 5%
Growth Forecast
Little optimism in the price
The price assumes less 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).
−28.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −29.9% 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.Specialty Chemicals · 712 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+151% · Top 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets3% · Above median
Net margin (TTM)3% · Below median
Operating margin (TTM)6% · Below median
Growth and dividend
Revenue growth3% · Below median
Dividend yield (TTM)3.8% · Top 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Norooholdings Fair Value". https://www.fairvalue-calculator.com/stock/000320
Frequently asked questions
Is Norooholdings (000320) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 39,713 KRW versus a price of 15,830 KRW, about +151% upside (undervalued).
What is the fair value of 000320?
Our model-based fair value for Norooholdings is 39,713 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 15,830 KRW.
What is the quality score of 000320?
Norooholdings has a Quality Score of 57/100. 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 Norooholdings (000320)?
Our model-based price target is the fair value of 39,713 KRW (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 29,785 KRW, optimistic scenario 49,642 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Norooholdings stock forecast for 2026?
Our models put fair value at 39,713 KRW, about +151% upside versus a price of 15,830 KRW (undervalued). Cautious scenario 29,785 KRW, optimistic scenario 49,642 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Norooholdings (000320)?
Norooholdings reported trailing-twelve-month revenue of about 1.2T KRW (latest available figure, as of Sep 24, 2026).
Does Norooholdings pay a dividend?
Norooholdings currently shows a dividend yield of about 3.79% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Norooholdings (000320)?
For today's price to be fair in a discounted-cash-flow model, Norooholdings would have to grow free cash flow by -28.5 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 000320 use?
Our models discount Norooholdings at 12.0 %: a base by market capitalisation (micro), damped by beta 0.65, 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 Norooholdings that is -28.5 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Norooholdings (000320) delivered so far?
Over the past 5 years revenue at Norooholdings grew +7.9 % a year. The price currently implies -28.5 % per year free-cash-flow growth a 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 Norooholdings (000320) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Norooholdings (-28.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Norooholdings (000320)?
The free-cash-flow yield on the price is 32.02 %: that much free cash flow Norooholdings produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Norooholdings (000320)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Norooholdings it is 39,713 KRW per share (as of Sep 24, 2026), against a price of 15,830 KRW. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Norooholdings stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 000320 trades below its calculated fair value: price 15,830 KRW, fair value 39,713 KRW, a gap of about +151% (undervalued). 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 000320?
No. The price is what the market pays today (15,830 KRW); the fair value is what the company's own numbers justify (39,713 KRW). For Norooholdings the two are 23,883 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Norooholdings worth?
The market values Norooholdings at about 162B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 15,830 KRW; our models calculate a fair value of 39,713 KRW per share.
What do the bullish and bearish scenarios say about 000320?
Our models span a range for Norooholdings: cautious scenario 29,785 KRW, base 39,713 KRW, optimistic 49,642 KRW per share (as of Sep 24, 2026, price 15,830 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Norooholdings (000320)?
Balance-sheet figures for Norooholdings (as of Sep 24, 2026): return on equity 7.8%, debt of 0.07 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 000320 from its 52-week high?
Norooholdings trades at 15,830 KRW, about 45% below its 52-week high of 28,600 KRW and 7% above the low of 14,770 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 39,713 KRW is for.
Which stocks are comparable to Norooholdings?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, 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 Norooholdings stock attractive at the current price?
The data as of Sep 24, 2026: price 15,830 KRW, calculated fair value 39,713 KRW (+151%), Quality Score 57/100, from 26 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 000320 calculated?
We run Norooholdings through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 39,713 KRW, 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 14.0 % above its aggregate fair value. Norooholdings currently trades 151 % 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 Norooholdings (000320)?
The closing price on Sep 23, 2026 was 15,830 KRW. Our model-based fair value is 39,713 KRW, about +151% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Norooholdings right now?
The price is below even our cautious bear case (29,785 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Norooholdings
How large is the market capitalisation of Norooholdings (000320)?
The market capitalisation of Norooholdings is 162B KRW (≈ $119M). 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 Norooholdings (000320)?
The price-to-sales ratio of Norooholdings is 0.13 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Norooholdings (000320)?
The dividend yield of Norooholdings is 3.8%. 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 Norooholdings (000320)?
The net margin of Norooholdings is 2.6% (fiscal year 2025). 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 Norooholdings (000320)?
The return on equity (ROE) of Norooholdings is 7.8% (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 Norooholdings (000320)?
On an EBIT basis the return on assets of Norooholdings is 4.4% (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 Norooholdings (000320)?
The operating margin of Norooholdings is 5.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Norooholdings (000320)?
Revenue at Norooholdings is growing +3.4% versus a year earlier (3y avg +6.1%). 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 Norooholdings (000320)?
Earnings per share at Norooholdings are growing +10.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Norooholdings (000320) carry?
The net debt of Norooholdings is 32.3B KRW (fiscal year 2023, ≈ 0.6 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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