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Moorim SP Co. Ltd (001810) fair value: what the stock is really worth

As of Oct 16, 2026: fair value (intrinsic value) of Moorim SP Co. Ltd stock KRW 1,651, price KRW 1,032, upside +60.0%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Basic Materials · KR · ISIN KR7001810001

MS Moorim SP Co. Ltd logo Thin data Oct 3, 2026

Moorim SP Co. Ltd

001810 · KQ

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

The stock costs 38% less than our calculation considers fair.

Fair value 1,651 KRW · Strongly undervalued (+60.0%)
Low debt
Quality 45/100
Expensive Growth (revenue 5y +10.4 %/yr in KRW)
1.5% dividend yield · Watch coverage
Mixed vs. peers (5/12)
Loss-making · -6.3% net margin (TTM)
Negative free cash flow
Narrow moat 12/100 · thin data
Thin data
⟳ Cyclical

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

4,179 KRW 1,004 KRW Fair Value 1,651 KRW May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.

How to read this chart

60‑month range 1,004 KRW – 4,179 KRW · fair‑value band 1,472 KRW – 1,809 KRW · the 1,032 KRW price screens below the 1,651 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 3, 2026.

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Company profile

Moorim SP Co., Ltd. designs and sells special paper products in South Korea. Its products include eco, industry, information, commodity, and fancy papers. The company was founded in 1956 and is based in Daegu, South Korea.

Stock analysis

Moorim SP Co. Ltd (001810) currently trades at 1,032 KRW, while our model-based Fair Value estimate is 1,651 KRW, implying the stock looks roughly 37.5% undervalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of 5,805 KRW per share, and 3 of the 3 models we run sit above the 1,032 KRW price.

Bear case: the Earnings-Based group reads lowest at 1,085 KRW, and 0 of the 3 models stay below the price. Data coverage for this calculation is low.

Scenario range: 1,472 KRW (bear) to 1,809 KRW (bull), the price of 1,032 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 45/100 (below-average quality), in the Basic Materials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Moorim SP Co. Ltd reported revenue of 206B KRW in FY2025 versus 132B KRW in FY2021, a compound +11.7%/yr. Reported net income was −1.7B KRW in FY2025.

Key figures

Market cap 22.8B KRW (≈ $17.2M) Micro · P/S ratio 0.11 · Dividend yield 1.5% · Net margin −6.3% · Return on equity −7.2% · Return on assets (EBIT) −1.0% · Operating margin 2.2% · Revenue (TTM) 229B KRW.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).

What moves the price

The share trades about 53% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at 24% fair-value upside, at 60%, 001810 screens cheaper than that median.

Fair Value models

Bear 1,472 KRW Fair Value 1,651 KRW Bull 1,809 KRW
Price 1,032 KRW · Upside +60.0%
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. 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.
Best data coverage
EPV 967.22 KRW 1,085 KRW 1,188 KRW 74
ROIC Compounder 967.22 KRW 1,085 KRW 1,188 KRW 72
EV/EBITDA n/a n/a 223.98 KRW 62
All 4 models by family
Earnings-Based
EPV 967.22 KRW 1,085 KRW 1,188 KRW 74
Multiples
EV/EBITDA n/a n/a 223.98 KRW 62
Asset-Based
NCAV (Graham) 4,332 KRW 5,805 KRW 8,665 KRW 54
Economic Profit
ROIC Compounder 967.22 KRW 1,085 KRW 1,188 KRW 72

Open the full fair value analysis →

Quality Score breakdown

Overall quality 45/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 18
How much profit the company makes from its sales and capital
Quality Growth 52
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 46
Debt, balance sheet and risk of trouble
Investment 95
Does it invest with discipline instead of growing at any price?
Low Volatility 67
How calm the share price moves, does not count
Momentum 15
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 1
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+16.3%
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.
+10.3%
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.
+10.4%
Start year 2020 (pandemic). Over 10 years: −0.3% a year
Revenue growth 13 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.
+2.4%
Profit margin (trend) ⓘ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.
5.3% (2020) → 0.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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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.Paper & Paper Products · 120 stocks

Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 45 · Below median
Fair Value upside +60.0% · Top 25%
Profitability
Return on assets −0.5% · Bottom 25%
Net margin (12 months) −6.3% · Bottom 25%
Operating margin (12 months) 2.2% · Below median
Growth and dividend
Revenue growth (quarter YoY) 24.1% · Top 25%
Dividend yield (12 months) 1.5% · Below median
Balance sheet
Debt / equity 0.20× · Above median

Valuation Multiplesvs Paper & Paper Products median · lower = cheaper

P/B 0.11× · Cheapest 25%
P/S (12 months) 0.10× · Cheapest 25%
EV/EBITDA 4.4× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 19
FUTURE (revenue growth)100 · sector 21
PAST (return on equity)0 · sector 14
HEALTH (low debt)90 · sector 91
DIVIDEND (yield)29 · sector 38

Context: sector, industry, market

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

Similar stocks

10 more Paper & Paper Products stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Nine Dragons Paper (Holdings) Limited 2689 HK$5.22 HK$14.11 +171% vs 001810
PT Indah Kiat Pulp & Paper Tbk INKP 6,950 IDR 12,657 IDR +82% vs 001810
Empresas CMPC S.A CMPC 966.00 CLP 1,388 CLP +44% vs 001810
Xianhe Co 603733 ¥16.88 ¥21.06 +25% vs 001810
Shandong Sunpaper Co 002078 ¥13.62 ¥16.93 +24% vs 001810
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A SEM €19.34 €23.55 +22% vs 001810
Lee & Man Paper Manufacturing Limited 2314 HK$3.40 HK$2.64 −22% vs 001810
The Navigator Company NVG €3.08 €2.08 −33% vs 001810
UPM-Kymmene Oyj UPM €25.19 €15.50 −38% vs 001810
Billerud AB BILL kr 81.05 kr 49.11 −39% vs 001810

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Cite: Fair Value Calculator (2026). "Moorim SP Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/001810

Frequently asked questions

Is Moorim SP Co. Ltd (001810) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 1,651 KRW versus a price of 1,032 KRW, about +60% upside (undervalued).
What is the fair value of 001810?
Our model-based fair value for Moorim SP Co. Ltd is 1,651 KRW (as of Oct 3, 2026), built from audited fundamentals. The current price: 1,032 KRW.
What is the quality score of 001810?
Moorim SP Co. Ltd has a Quality Score of 45/100. 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 Moorim SP Co. Ltd (001810)?
Our model-based price target is the fair value of 1,651 KRW (as of Oct 3, 2026) from 4 valuation models. Cautious scenario 1,472 KRW, optimistic scenario 1,809 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Moorim SP Co. Ltd stock forecast for 2026?
Our models put fair value at 1,651 KRW, about +60% upside versus a price of 1,032 KRW (undervalued). Cautious scenario 1,472 KRW, optimistic scenario 1,809 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Moorim SP Co. Ltd (001810)?
Moorim SP Co. Ltd reported trailing-twelve-month revenue of about 229B KRW (latest available figure, as of Oct 3, 2026).
Does Moorim SP Co. Ltd pay a dividend?
Moorim SP Co. Ltd currently shows a dividend yield of 1.45% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Moorim SP Co. Ltd (001810)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Moorim SP Co. Ltd it is 1,651 KRW per share (as of Oct 3, 2026), against a price of 1,032 KRW. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Moorim SP Co. Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 001810 trades below its calculated fair value: price 1,032 KRW, fair value 1,651 KRW, a gap of about +60% (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 001810?
No. The price is what the market pays today (1,032 KRW); the fair value is what the company's own numbers justify (1,651 KRW). For Moorim SP Co. Ltd the two are 619.20 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Moorim SP Co. Ltd worth?
The market values Moorim SP Co. Ltd at about 22.8B KRW (market capitalisation, as of Oct 3, 2026). Per share that is 1,032 KRW; our models calculate a fair value of 1,651 KRW per share.
What do the bullish and bearish scenarios say about 001810?
Our models span a range for Moorim SP Co. Ltd: cautious scenario 1,472 KRW, base 1,651 KRW, optimistic 1,809 KRW per share (as of Oct 3, 2026, price 1,032 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Moorim SP Co. Ltd (001810)?
Balance-sheet figures for Moorim SP Co. Ltd (as of Oct 3, 2026): return on equity −7.2%, debt of 0.20 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 001810 from its 52-week high?
Moorim SP Co. Ltd trades at 1,032 KRW, about 53% below its 52-week high of 2,180 KRW and 3% above the low of 1,004 KRW (as of Oct 16, 2026). Distance from the high says nothing about value: that is what the fair value of 1,651 KRW is for.
Which stocks are comparable to Moorim SP Co. Ltd?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) Limited, The Navigator Company, 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 Moorim SP Co. Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price 1,032 KRW, calculated fair value 1,651 KRW (+60%), Quality Score 45/100, from 4 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 001810 calculated?
We run Moorim SP Co. Ltd through 4 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 1,651 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 13.8 % above its aggregate fair value. Moorim SP Co. Ltd currently trades 38 % 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 Moorim SP Co. Ltd (001810)?
The closing price on Oct 16, 2026 was 1,032 KRW. Our model-based fair value is 1,651 KRW, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Moorim SP Co. Ltd right now?
The price is below even our cautious bear case (1,472 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 (45/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of Moorim SP Co. Ltd

How large is the market capitalisation of Moorim SP Co. Ltd (001810)?
The market capitalisation of Moorim SP Co. Ltd is 22.8B KRW (≈ $17.2M). 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 Moorim SP Co. Ltd (001810)?
The price-to-sales ratio of Moorim SP Co. Ltd is 0.11 (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 Moorim SP Co. Ltd (001810)?
The dividend yield of Moorim SP Co. Ltd is 1.5%. 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 Moorim SP Co. Ltd (001810)?
The net margin of Moorim SP Co. Ltd is −6.3% (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 Moorim SP Co. Ltd (001810)?
The return on equity (ROE) of Moorim SP Co. Ltd is −7.2% (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 Moorim SP Co. Ltd (001810)?
On an EBIT basis the return on assets of Moorim SP Co. Ltd is −1.0% (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 Moorim SP Co. Ltd (001810)?
The operating margin of Moorim SP Co. Ltd is 2.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Moorim SP Co. Ltd (001810)?
Revenue at Moorim SP Co. Ltd is growing +24.1% versus a year earlier (3y avg +10.3%). 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 Moorim SP Co. Ltd (001810)?
Earnings per share at Moorim SP Co. Ltd are growing +5.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Moorim SP Co. Ltd (001810) generate?
The free cash flow of Moorim SP Co. Ltd is −4.3B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Moorim SP Co. Ltd (001810) carry?
The net debt of Moorim SP Co. Ltd is 44.7B 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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