Nexen Tire (002350) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Nexen Tire KRW 14,562, price KRW 5,590, upside +160.5%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Nexen Tire for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 4,804 KRW – 9,626 KRW · fair‑value band 7,724 KRW – 20,565 KRW · the 5,590 KRW price screens below the 14,562 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.
Follow Nexen Tire in your weekly email
Every Wednesday you see whether Nexen Tire is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Nexen Tire Corporation manufactures and sells tires in South Korea and internationally. The company offers passenger car, SUV, electric vehicle, van and light truck, winter, racing, global OE, and solid tires, as well as tubes and flaps. It also provides tire finder and warranty services.
Show more
Nexen Tire Corporation manufactures and sells tires in South Korea and internationally. The company offers passenger car, SUV, electric vehicle, van and light truck, winter, racing, global OE, and solid tires, as well as tubes and flaps. It also provides tire finder and warranty services. Nexen Tire Corporation was founded in 1942 and is headquartered in Yangsan-si, South Korea.
Stock analysis
Nexen Tire (002350) currently trades at 5,590 KRW, while our model-based Fair Value estimate is 14,562 KRW, implying the stock looks roughly 61.6% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 30,582 KRW per share, and 22 of the 24 models we run sit above the 5,590 KRW price.
Bear case: the Economic Profit group reads lowest at 5,418 KRW, and 2 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 7,724 KRW (bear) to 20,565 KRW (bull), the price of 5,590 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 51/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Nexen Tire reported revenue of 3.2T KRW in FY2025 versus 2.1T KRW in FY2021, a compound +11.3%/yr. Reported net income was 151B KRW in FY2025, compounding +136.5%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 721B KRW (≈ $530M) · P/S ratio 0.22 · Dividend yield 3.6% · Net margin 4.7% · Return on equity 8.5% · Return on assets (EBIT) 2.1% · Operating margin 6.5% · Revenue (TTM) 3.3T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −38% fair-value upside, at 161%, 002350 screens cheaper than that median.
Fair Value models
Bear 7,724 KRWFair Value 14,562 KRWBull 20,565 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.84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+12.0%
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.
+7.1%
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.
+13.4%
Start year 2020 (pandemic). Over 10 years: +5.7% a year
Revenue growth 19 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.
+10.6%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+23.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.6%
Dividend (yield on the price)3.6%
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.2% → 5%
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
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).
+5.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +3.7% a year for the price and +2.9% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Auto Parts · 692 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+161% · Top 25%
Profitability
Return on equity (TTM)9% · Above median
Return on assets2% · Below median
Net margin (TTM)5% · Above median
Operating margin (TTM)6% · Above median
Growth and dividend
Revenue growth9% · Above median
Dividend yield (TTM)3.6% · Above median
Balance sheet
Debt / equity0.50× · Highest 25%
Valuation Multiplesvs Auto Parts 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). "Nexen Tire Fair Value". https://www.fairvalue-calculator.com/stock/002350
Frequently asked questions
Is Nexen Tire (002350) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 14,562 KRW versus a price of 5,590 KRW, about +161% upside (undervalued).
What is the fair value of 002350?
Our model-based fair value for Nexen Tire is 14,562 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 5,590 KRW.
What is the quality score of 002350?
Nexen Tire has a Quality Score of 51/100. 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 Nexen Tire (002350)?
Our model-based price target is the fair value of 14,562 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 7,724 KRW, optimistic scenario 20,565 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Nexen Tire stock forecast for 2026?
Our models put fair value at 14,562 KRW, about +161% upside versus a price of 5,590 KRW (undervalued). Cautious scenario 7,724 KRW, optimistic scenario 20,565 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Nexen Tire (002350)?
Nexen Tire reported trailing-twelve-month revenue of about 3.3T KRW (latest available figure, as of Sep 24, 2026).
Does Nexen Tire pay a dividend?
Nexen Tire currently shows a dividend yield of about 3.58% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Nexen Tire (002350)?
For today's price to be fair in a discounted-cash-flow model, Nexen Tire would have to grow free cash flow by +5.8 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 002350 use?
Our models discount Nexen Tire at 10.2 %: a base by market capitalisation (small), damped by beta 0.39, 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 Nexen Tire that is +5.8 % per year a year over ten years, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Nexen Tire (002350) delivered so far?
Over the past 5 years revenue at Nexen Tire grew +13.4 % a year. The price currently implies +5.8 % 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 Nexen Tire (002350) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Nexen Tire (+5.8 % 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 Nexen Tire (002350)?
The free-cash-flow yield on the price is 23.90 %: that much free cash flow Nexen Tire produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nexen Tire (002350)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nexen Tire it is 14,562 KRW per share (as of Sep 24, 2026), against a price of 5,590 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Nexen Tire stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 002350 trades below its calculated fair value: price 5,590 KRW, fair value 14,562 KRW, a gap of about +161% (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 002350?
No. The price is what the market pays today (5,590 KRW); the fair value is what the company's own numbers justify (14,562 KRW). For Nexen Tire the two are 8,972 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Nexen Tire worth?
The market values Nexen Tire at about 721B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 5,590 KRW; our models calculate a fair value of 14,562 KRW per share.
What do the bullish and bearish scenarios say about 002350?
Our models span a range for Nexen Tire: cautious scenario 7,724 KRW, base 14,562 KRW, optimistic 20,565 KRW per share (as of Sep 24, 2026, price 5,590 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nexen Tire (002350)?
Balance-sheet figures for Nexen Tire (as of Sep 24, 2026): return on equity 8.5%, debt of 0.50 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 002350 from its 52-week high?
Nexen Tire trades at 5,590 KRW, about 41% below its 52-week high of 9,462 KRW and 2% above the low of 5,470 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 14,562 KRW is for.
Which stocks are comparable to Nexen Tire?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Nexen Tire stock attractive at the current price?
The data as of Sep 24, 2026: price 5,590 KRW, calculated fair value 14,562 KRW (+161%), Quality Score 51/100, from 24 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 002350 calculated?
We run Nexen Tire through 24 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 14,562 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. Nexen Tire currently trades 161 % 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 Nexen Tire (002350)?
The closing price on Sep 23, 2026 was 5,590 KRW. Our model-based fair value is 14,562 KRW, about +161% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nexen Tire right now?
The price is below even our cautious bear case (7,724 KRW). The market is more pessimistic than our downside scenario. The model range is unusually wide (7,724 KRW to 20,565 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (51/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Nexen Tire
How large is the market capitalisation of Nexen Tire (002350)?
The market capitalisation of Nexen Tire is 721B KRW (≈ $530M). 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 Nexen Tire (002350)?
The price-to-sales ratio of Nexen Tire is 0.22 (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 Nexen Tire (002350)?
The dividend yield of Nexen Tire is 3.6%. 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 Nexen Tire (002350)?
The net margin of Nexen Tire is 4.7% (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 Nexen Tire (002350)?
The return on equity (ROE) of Nexen Tire is 8.5% (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 Nexen Tire (002350)?
On an EBIT basis the return on assets of Nexen Tire is 2.1% (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 Nexen Tire (002350)?
The operating margin of Nexen Tire is 6.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nexen Tire (002350)?
Revenue at Nexen Tire is growing +8.7% versus a year earlier (3y avg +7.1%). 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 Nexen Tire (002350)?
Earnings per share at Nexen Tire are growing +55.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nexen Tire (002350) carry?
The net debt of Nexen Tire is 1.4T KRW (fiscal year 2025, ≈ 11.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Nexen Tire in the live analysis
One click puts Nexen Tire on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
