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PaperCorea Inc (001020) Fair Value & Analysis

Basic Materials · KR · Market cap 71.1B KRW

PI PaperCorea Inc 001020 · KO
Price1,957 KRW
Fair Value425.49 KRW
Upside-78.3%
Quality41/100
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Weak Growth
Loss-making · -6.8% net margin
Low debt · generates free cash flow
Trails peers (2/9)
Narrow moat 21/100
Evidence: Medium Range 425.49 KRW – 1,009 KRW Share as image

Fair value as of: Jul 23, 2026

From 12 valuation models · updated 18 days ago

Share price −5.5% over the past month.

Below-average quality, and screening another 78% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,009 KRW). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (425.49 KRW to 1,009 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

15,125 KRW 1,794 KRW Fair Value 425.49 KRW Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 1,794 KRW – 15,125 KRW · fair‑value band 425.49 KRW – 1,009 KRW · the 1,957 KRW price screens above the 425.49 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

PaperCorea Inc (001020) currently trades at 1,957 KRW, while our model-based Fair Value estimate is 425.49 KRW, implying the stock looks roughly 78.3% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, PaperCorea Inc generated revenue of 268B KRW at a net margin of -6.8%. Revenue grew 1.4% year over year. It earns a return on equity of -6.7%. Net debt stands at 67.9B KRW. Fundamentals as of Jul 23, 2026

Our scenario range runs from 425.49 KRW (bear case) to 1,009 KRW (bull case); at 1,957 KRW, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 62% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at -78%, 001020 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Growth DCF 3,964 KRW 4,955 KRW 6,651 KRW 80
Rev-Margin DCF 3,617 KRW 4,751 KRW 6,143 KRW 74
Gordon GGM 307.75 KRW 336.85 KRW 381.19 KRW 70
All 12 models by family
DCF Models
FCF DCF 3,843 KRW 4,864 KRW 6,756 KRW 38
5Y Revenue Exit 3,617 KRW 4,690 KRW 6,249 KRW 39
5Y EBITDA Exit 3,165 KRW 3,908 KRW 4,893 KRW 41
10Y Revenue Exit 3,621 KRW 4,430 KRW 5,294 KRW 36
10Y EBITDA Exit 3,411 KRW 3,946 KRW 4,498 KRW 37
Dividend Discount
Gordon GGM 307.75 KRW 336.85 KRW 381.19 KRW 70
DDM Multi-Stage 307.75 KRW 386.12 KRW 495.97 KRW 61
Multiples
EV/EBITDA 2,993 KRW 3,577 KRW 4,161 KRW 54
EV/Revenue 3,678 KRW 4,722 KRW 5,765 KRW 43
Asset-Based
NCAV (Graham) 3,706 KRW 4,966 KRW 7,411 KRW 50
Growth DCF
Growth DCF 3,964 KRW 4,955 KRW 6,651 KRW 80
Rev-Margin DCF 3,617 KRW 4,751 KRW 6,143 KRW 74

Widest divergence: Asset-Based (4,966 KRW) versus Dividend Discount (336.85 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 268B KRW
Revenue growth (YoY) +1.4%
Net margin -6.8%
Return on equity -6.7%
Free cash flow 9.5B KRW FY2025
Operating margin 1.8%
More key figures
EPS growth (YoY) -70.6%
Net debt 67.9B KRW FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 41 · Market factors (momentum, volatility) 14

Profitability 10
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 90
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

PaperCorea Inc. engages in the manufacture and sale of paper products in South Korea and internationally. The paper manufacturing business include sack kraft papers, shopping bags, woven lamination paper, container board, and newsprint products, as well as specialty papers for PCB, saturating paper, saturating news, etc.

Full company description

PaperCorea Inc. engages in the manufacture and sale of paper products in South Korea and internationally. The paper manufacturing business include sack kraft papers, shopping bags, woven lamination paper, container board, and newsprint products, as well as specialty papers for PCB, saturating paper, saturating news, etc. It also develops real estate projects, such as residential, commercial, and education facility projects. The company was founded in 1944 and is headquartered in Gunsan-si, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PaperCorea Inc reported revenue of 267B KRW in FY2025 versus 435B KRW in FY2021, a compound −11.5%/yr. Reported net income was −19.3B KRW in FY2025.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
267B KRW
Latest YoY
−8.1%
Avg. growth/yr (3Y) 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.
−13.4%
Avg. growth/yr (5Y) 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.
−11.2%
Avg. growth/yr (16Y) 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.
+1.5%
Revenue −11.5%/yr
FY21 435B KRW
FY22 410B KRW
FY23 362B KRW
FY24 290B KRW
FY25 267B KRW
Net income
FY21 9.2B KRW
FY22 −1.8B KRW
FY23 15.2B KRW
FY24 −9.7B KRW
FY25 −19.3B KRW

001020 screens 78% overvalued. Compare with Klabin S.A →

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Cite: Fair Value Calculator (2026). "PaperCorea Inc Fair Value". https://www.fairvalue-calculator.com/stock/001020

Peer Group

Paper & Paper Products · 111 stocks

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.

Quality Score 41 · Below median
Fair Value upside −78% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -7% · Bottom 25%
Operating margin (TTM) 2% · Below median
Revenue growth 1% · Below median
Debt / equity 0.17× · Lower than median

Valuation Multiples vs Paper & Paper Products median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 20
FUTURE 7 · sector 9
PAST 0 · sector 12
HEALTH 91 · sector 91
DIVIDEND 0 · sector 41

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Klabin S.A KLBN11 R$17.58 R$3.89 -78%
UPM-Kymmene Oyj UPM €23.45 €15.47 -34%
Suzano S.A SUZB3 R$41.70 R$138.01 +231%
Svenska Cellulosa Aktiebolaget SCA (publ) SCAB kr 103.00 kr 49.40 -52%
Shandong Sunpaper Co 002078 ¥14.13 ¥17.29 +22%
Holmen AB HOLMB kr 305.40 kr 217.72 -29%
Nine Dragons Paper (Holdings) Limited 2689 HK$7.55 HK$8.73 +16%
Empresas CMPC S.A CMPC 1,078 CLP 1,269 CLP +18%
Xianhe Co 603733 ¥22.05 ¥24.32 +10%
Billerud AB BILL kr 68.70 kr 48.60 -29%

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Frequently asked questions

Is PaperCorea Inc (001020) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 425.49 KRW versus a price of 1,957 KRW, about −78% (overvalued).
What is the fair value of 001020?
Our model-based fair value for PaperCorea Inc is 425.49 KRW (as of Jul 23, 2026), built from audited fundamentals. The current price is 1,957 KRW.
What is the quality score of 001020?
PaperCorea Inc has a Quality Score of 41/100. 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 revenue of PaperCorea Inc (001020)?
PaperCorea Inc reported trailing-twelve-month revenue of about 268B KRW (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 001020?
The net profit margin of PaperCorea Inc is about -6.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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