BYC Co. Ltd (001460) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of BYC Co. Ltd KRW 31,213, price KRW 34,950, upside -10.7%, quality 54 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 23, 2026.
How to read this chart
60‑month range 25,753 KRW – 59,900 KRW · fair‑value band 23,947 KRW – 45,033 KRW · the 34,950 KRW price screens above the 31,213 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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BYC Co., Ltd. produces and sells underwear in South Korea and internationally. The company manufactures and sells goods and products, such as underwear and clothing. It also provides contract construction, construction sales, rental services, and advertising agency services. The company was founded in 1946 and is headquartered in Seoul, South Korea.
Stock analysis
BYC Co. Ltd (001460) currently trades at 34,950 KRW, while our model-based Fair Value estimate is 31,213 KRW, implying the stock looks roughly 12.0% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 60,596 KRW per share, and 9 of the 22 models we run sit above the 34,950 KRW price.
Bear case: the Dividend Discount group reads lowest at 4,966 KRW, and 13 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: 23,947 KRW (bear) to 45,033 KRW (bull), the price of 34,950 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 54/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
BYC Co. Ltd reported revenue of 163B KRW in FY2025 versus 164B KRW in FY2021, a compound −0.2%/yr. Reported net income was 19.6B KRW in FY2025, compounding −10.0%/yr from FY2021.
Key figures
Market cap 263B KRW (≈ $184M) · P/S ratio 1.87 · Dividend yield 1.1% · Net margin 12.0% · Return on equity 3.7% · Return on assets (EBIT) 3.7% · Operating margin 15.4% · Revenue (TTM) 164B 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 42% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at −11%, 001460 screens richer than that median.
Fair Value models
Bear 23,947 KRWFair Value 31,213 KRWBull 45,033 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.30/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−1.2%
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.
−1.3%
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.
+0.2%
Start year 2020 (pandemic). Over 10 years: −1.1% 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.
−0.9%
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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. Basis: EBIT basis. 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.
−33.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−34.9%
Dividend (yield on the price)1.1%
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.14% → 16%
⚠ Revenue per share shrinking 33.7%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+73.7%
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 +70.1% 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.Apparel Manufacturing · 217 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside−11% · Below median
Profitability
Return on equity (TTM)4% · Below median
Return on assets2% · Below median
Net margin (TTM)13% · Top 25%
Operating margin (TTM)15% · Top 25%
Growth and dividend
Revenue growth3% · Above median
Dividend yield (TTM)1.1% · Below median
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
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Is BYC Co. Ltd (001460) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 31,213 KRW versus a price of 34,950 KRW, about −11% upside (overvalued).
What is the fair value of 001460?
Our model-based fair value for BYC Co. Ltd is 31,213 KRW (as of Sep 23, 2026), built from audited fundamentals. The current price: 34,950 KRW.
What is the quality score of 001460?
BYC Co. Ltd has a Quality Score of 54/100. 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 BYC Co. Ltd (001460)?
Our model-based price target is the fair value of 31,213 KRW (as of Sep 23, 2026) from 22 valuation models. Cautious scenario 23,947 KRW, optimistic scenario 45,033 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the BYC Co. Ltd stock forecast for 2026?
Our models put fair value at 31,213 KRW, about −11% upside versus a price of 34,950 KRW (overvalued). Cautious scenario 23,947 KRW, optimistic scenario 45,033 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of BYC Co. Ltd (001460)?
BYC Co. Ltd reported trailing-twelve-month revenue of about 164B KRW (latest available figure, as of Sep 23, 2026).
Does BYC Co. Ltd pay a dividend?
BYC Co. Ltd currently shows a dividend yield of about 1.14% relative to its recent price (as of Sep 23, 2026).
What growth is priced into BYC Co. Ltd (001460)?
For today's price to be fair in a discounted-cash-flow model, BYC Co. Ltd would have to grow free cash flow by +73.7 % per year for five years (discount rate 8.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.2 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 001460 use?
Our models discount BYC Co. Ltd at 8.0 %: a base by market capitalisation (mega), damped by beta 0.31, 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 BYC Co. Ltd that is +73.7 % per year a year over ten years, using the same discount rate (8.0 %) and the same formula as our fair value.
How much growth has BYC Co. Ltd (001460) delivered so far?
Over the past 5 years revenue at BYC Co. Ltd grew +0.2 % a year. The price currently implies +73.7 % 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 BYC Co. Ltd (001460) growing?
The median revenue growth in the sector is +2.5 % a year. That is the yardstick for the growth priced into BYC Co. Ltd (+73.7 % 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 BYC Co. Ltd (001460)?
The free-cash-flow yield on the price is 0.23 %: that much free cash flow BYC Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BYC Co. Ltd (001460)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BYC Co. Ltd it is 31,213 KRW per share (as of Sep 23, 2026), against a price of 34,950 KRW. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is BYC Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 001460 trades above its calculated fair value: price 34,950 KRW, fair value 31,213 KRW, a gap of about −11% (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 001460?
No. The price is what the market pays today (34,950 KRW); the fair value is what the company's own numbers justify (31,213 KRW). For BYC Co. Ltd the two are 3,737 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is BYC Co. Ltd worth?
The market values BYC Co. Ltd at about 263B KRW (market capitalisation, as of Sep 23, 2026). Per share that is 34,950 KRW; our models calculate a fair value of 31,213 KRW per share.
What do the bullish and bearish scenarios say about 001460?
Our models span a range for BYC Co. Ltd: cautious scenario 23,947 KRW, base 31,213 KRW, optimistic 45,033 KRW per share (as of Sep 23, 2026, price 34,950 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of BYC Co. Ltd (001460)?
Balance-sheet figures for BYC Co. Ltd (as of Sep 23, 2026): return on equity 3.7%, debt of 0.07 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 001460 from its 52-week high?
BYC Co. Ltd trades at 34,950 KRW, about 42% below its 52-week high of 59,900 KRW and 15% above the low of 30,400 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 31,213 KRW is for.
Which stocks are comparable to BYC Co. Ltd?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, Gildan Activewear Inc, LPP SA, 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 BYC Co. Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price 34,950 KRW, calculated fair value 31,213 KRW (−11%), Quality Score 54/100, from 22 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 001460 calculated?
We run BYC Co. Ltd through 22 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 31,213 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 14.1 % above its aggregate fair value. BYC 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 BYC Co. Ltd (001460)?
The closing price on Sep 23, 2026 was 34,950 KRW. Our model-based fair value is 31,213 KRW, about −11% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BYC Co. Ltd right now?
A fairly wide model range (23,947 KRW to 45,033 KRW) leaves room in how you read the outcome. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of BYC Co. Ltd
How large is the market capitalisation of BYC Co. Ltd (001460)?
The market capitalisation of BYC Co. Ltd is 263B KRW (≈ $184M). 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 BYC Co. Ltd (001460)?
The price-to-sales ratio of BYC Co. Ltd is 1.87 (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 BYC Co. Ltd (001460)?
The dividend yield of BYC Co. Ltd is 1.1%. 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 BYC Co. Ltd (001460)?
The net margin of BYC Co. Ltd is 12.0% (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 BYC Co. Ltd (001460)?
The return on equity (ROE) of BYC Co. Ltd is 3.7% (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 BYC Co. Ltd (001460)?
On an EBIT basis the return on assets of BYC Co. Ltd is 3.7% (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 BYC Co. Ltd (001460)?
The operating margin of BYC Co. Ltd is 15.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BYC Co. Ltd (001460)?
Revenue at BYC Co. Ltd is growing +2.7% versus a year earlier (3y avg −1.3%). 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 BYC Co. Ltd (001460)?
Earnings per share at BYC Co. Ltd are growing +36.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does BYC Co. Ltd (001460) carry?
The net debt of BYC Co. Ltd is 78.4B 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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