Samhwa Paint (000390) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Samhwa Paint stock KRW 4,796, price KRW 6,170, that is 22.3% below the price, quality 52 out of 100. Rating: overvalued. Calculated from audited financials with 23 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 8, 2026.
How to read this chart
60‑month range 4,617 KRW – 11,891 KRW · fair‑value band 3,589 KRW – 5,996 KRW · the 6,170 KRW price screens above the 4,796 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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SP Samhwa Co., Ltd. manufactures and sells various paints in South Korea and internationally. The company offers paints for various applications in construction, waterproofing/floor use, fireproof/flameproof, wood/woodworking, industrial, industrial/plant, polyurea, and cars.
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The company was formerly known as Samhwa Paints Industrial Co., Ltd. and changed its name to SP Samhwa Co., Ltd. in April 2026. SP Samhwa Co., Ltd. was founded in 1946 and is headquartered in Seoul, South Korea.
Stock analysis
Samhwa Paint (000390) currently trades at 6,170 KRW, while our model-based Fair Value estimate is 4,796 KRW, 22% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 5,613 KRW per share, and 5 of the 23 models we run sit above the 6,170 KRW price.
Bear case: the Asset-Based group reads lowest at 1,213 KRW, and 18 of the 23 models stay below the price. Data coverage for this calculation is high.
Scenario range: 3,589 KRW (bear) to 5,996 KRW (bull), the price of 6,170 KRW sits above 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 52/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Samhwa Paint reported revenue of 617B KRW in FY2025 versus 632B KRW in FY2021, a compound −0.6%/yr. Reported net income was 7.7B KRW in FY2025.
Key figures
Market cap 167B KRW (≈ $124M) Micro · P/E ratio 12.4 · P/S ratio 0.26 · EPS (TTM) 498.11 KRW · Dividend yield 5.7% · Net margin 2.2% · Return on equity 4.2% · Return on assets (EBIT) 2.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −22%, 000390 screens cheaper than that median.
Fair Value models
Bear3,589 KRWFair Value 4,796 KRWBull5,996 KRW
Price 6,170 KRW · Downside -22.3%
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 (127.01 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.42/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.8%
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.
−1.5%
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.
+2.3%
Start year 2020 (pandemic). Over 10 years: +2.0% a year
Revenue growth 20 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.
+5.3%
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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.
+12.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.5%
Dividend (yield on the price)5.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.6.5% vs −6.3%, picking up
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.3% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
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.
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.Specialty Chemicals · 728 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−21.8% · Above median
Profitability
Return on equity (12 months)4.2% · Below median
Return on assets1.2% · Below median
Net margin (12 months)2.2% · Below median
Operating margin (12 months)7.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Dividend yield (12 months)5.7% · Top 25%
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Specialty Chemicals 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). "Samhwa Paint Fair Value". https://www.fairvalue-calculator.com/stock/000390
Frequently asked questions
Is Samhwa Paint (000390) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 4,796 KRW versus a price of 6,170 KRW, about 22% lower (overvalued).
What is the fair value of 000390?
Our model-based fair value for Samhwa Paint is 4,796 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 6,170 KRW.
What is the quality score of 000390?
Samhwa Paint has a Quality Score of 52/100. 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 Samhwa Paint (000390)?
Our model-based price target is the fair value of 4,796 KRW (as of Nov 8, 2026) from 23 valuation models. Cautious scenario 3,589 KRW, optimistic scenario 5,996 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Samhwa Paint stock forecast for 2026?
Our models put fair value at 4,796 KRW, about 22% lower versus a price of 6,170 KRW (overvalued). Cautious scenario 3,589 KRW, optimistic scenario 5,996 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Samhwa Paint (000390)?
Samhwa Paint reported trailing-twelve-month revenue of about 628B KRW (latest available figure, as of Nov 8, 2026).
Does Samhwa Paint pay a dividend?
Samhwa Paint currently shows a dividend yield of 5.67% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Samhwa Paint (000390) and when is the ex-dividend date?
Samhwa Paint pays a dividend of 350.00 KRW per share a year, a dividend yield of 5.7%. The last ex-dividend date was Feb 26, 2026. The payout ratio is 70.3% of earnings. Free cash flow covers the dividend 0.32 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Samhwa Paint (000390)?
For today's price to be fair in a discounted-cash-flow model, Samhwa Paint would have to grow free cash flow by +41.6 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.3 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 000390 use?
Our models discount Samhwa Paint at 11.6 %: a base by market capitalisation (micro), damped by beta 0.52, 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 Samhwa Paint that is +41.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Samhwa Paint (000390) delivered so far?
Over the past 5 years revenue at Samhwa Paint grew +2.3 % 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 Samhwa Paint (000390) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Samhwa Paint (+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 Samhwa Paint (000390)?
The free-cash-flow yield on the price is 2.00 %: that much free cash flow Samhwa Paint produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Samhwa Paint (000390)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Samhwa Paint it is 4,796 KRW per share (as of Nov 8, 2026), against a price of 6,170 KRW. It is the blended result of 23 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Samhwa Paint stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 000390 trades above its calculated fair value: price 6,170 KRW, fair value 4,796 KRW, a gap of about −22% (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 000390?
No. The price is what the market pays today (6,170 KRW); the fair value is what the company's own numbers justify (4,796 KRW). For Samhwa Paint the two are 1,374 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Samhwa Paint worth?
The market values Samhwa Paint at about 167B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 6,170 KRW; our models calculate a fair value of 4,796 KRW per share.
What do the bullish and bearish scenarios say about 000390?
Our models span a range for Samhwa Paint: cautious scenario 3,589 KRW, base 4,796 KRW, optimistic 5,996 KRW per share (as of Nov 8, 2026, price 6,170 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000390?
Samhwa Paint trades at a price-to-earnings ratio of 12.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4,796 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 25.1. Other multiples: P/B 0.5, P/S 0.3, EV/EBITDA 3.9.
How solid is the balance sheet of Samhwa Paint (000390)?
Balance-sheet figures for Samhwa Paint (as of Nov 8, 2026): return on equity 4.2%, debt of 0.14 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 000390 from its 52-week high?
Samhwa Paint trades at 6,170 KRW, about 48% below its 52-week high of 11,891 KRW and 13% above the low of 5,440 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 4,796 KRW is for.
Which stocks are comparable to Samhwa Paint?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics 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 Samhwa Paint stock attractive at the current price?
The data as of Nov 8, 2026: price 6,170 KRW, calculated fair value 4,796 KRW (−22%), Quality Score 52/100, from 23 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 000390 calculated?
We run Samhwa Paint through 23 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 4,796 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. Samhwa Paint 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 Samhwa Paint (000390)?
The closing price on Nov 9, 2026 was 6,170 KRW. Our model-based fair value is 4,796 KRW, about 22% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Samhwa Paint right now?
The price sits above even our optimistic bull case (5,996 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Samhwa Paint
How large is the market capitalisation of Samhwa Paint (000390)?
The market capitalisation of Samhwa Paint is 167B KRW (≈ $124M). 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 Samhwa Paint (000390)?
The price-to-sales ratio of Samhwa Paint is 0.26 (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 Samhwa Paint (000390)?
Earnings per share at Samhwa Paint are 498.11 KRW (price ÷ EPS = P/E 12.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Samhwa Paint (000390)?
The dividend yield of Samhwa Paint is 5.7% (payout 70.3%). 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 Samhwa Paint (000390)?
The net margin of Samhwa Paint is 2.2% (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 Samhwa Paint (000390)?
The return on equity (ROE) of Samhwa Paint is 4.2% (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 Samhwa Paint (000390)?
On an EBIT basis the return on assets of Samhwa Paint is 2.5% (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 Samhwa Paint (000390)?
The operating margin of Samhwa Paint is 7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast are earnings growing at Samhwa Paint (000390)?
Earnings per share at Samhwa Paint are growing +10.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Samhwa Paint (000390) carry?
The net debt of Samhwa Paint is 83.2B KRW (fiscal year 2025, ≈ 27.1 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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Broad data
Nov 8, 2026