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KCC Corporation (002380) Fair Value & Analysis

Basic Materials · KR · Market cap 3.2T KRW (≈ $2.3B) · ISIN KR7002380004

What is KCC Corporation really worth?

KC KCC Corporation 002380 · KO
Price482,000 KRW
Fair Value1,763,304 KRW
Upside+265.8%
Quality52/100

A solid business, trading 73% below our fair value of 1,763,304 KRW.

As of Sep 3, 2026, the fair value of KCC Corporation is 1,763,304 KRW per share against a price of 482,000 KRW, so the fair value sits 266% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Highly profitable · 26.3% net margin
Low debt · generates free cash flow

Risks

!Expensive Growth (revenue 5y +5.0 %/yr)
!Mixed vs. peers (5/10)
!Moderate moat 62/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 9 out of 100

For context

·3.11% dividend yield
Evidence: Medium Range 1,322,478 KRW – 2,204,130 KRW

Fair value as of: Sep 3, 2026

From 26 valuation models · updated 3 days ago

Share price +30.1% over the past month.

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case (1,322,478 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

680,000 KRW 173,674 KRW Fair Value 1,763,304 KRW Apr 2021 Sep 2026

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

How to read this chart

60‑month range 173,674 KRW – 680,000 KRW · fair‑value band 1,322,478 KRW – 2,204,130 KRW · the 482,000 KRW price screens below the 1,763,304 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 3, 2026.

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Analysis

KCC Corporation (002380) currently trades at 482,000 KRW, while our model-based Fair Value estimate is 1,763,304 KRW, implying the stock looks roughly 72.7% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of 3,742,551 KRW per share, and 22 of the 26 models we run sit above the 482,000 KRW price. Bear case: the Economic Profit group reads lowest at 313,533 KRW, and 4 of the 26 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, KCC Corporation generated revenue of 6.5T KRW at a net margin of 26.3%. Revenue grew 1.7% year over year. It earns a return on equity of 23.8%. Net debt stands at 3.8T KRW. Fundamentals as of Sep 3, 2026

Our scenario range runs from 1,322,478 KRW (bear case) to 2,204,130 KRW (bull case); at 482,000 KRW, the current price sits below 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 30% below its 52-week high and 63% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −48% fair-value upside, at 266%, 002380 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF 488,343 KRW 880,809 KRW 1,491,272 KRW 78
Growth DCF 507,737 KRW 865,514 KRW 1,393,428 KRW 77
Owner Earnings 2,399,053 KRW 3,824,942 KRW 6,042,846 KRW 75
All 26 models by family
DCF Models
FCF DCF 488,343 KRW 880,809 KRW 1,491,272 KRW 78
Owner Earnings 2,399,053 KRW 3,824,942 KRW 6,042,846 KRW 75
5Y Revenue Exit 340,563 KRW 640,595 KRW 1,014,042 KRW 71
5Y EBITDA Exit 695,245 KRW 1,289,478 KRW 1,970,820 KRW 74
5Y P/E Exit 1,930,699 KRW 3,549,710 KRW 5,223,905 KRW 69
10Y Revenue Exit 369,943 KRW 656,805 KRW 1,023,151 KRW 65
10Y EBITDA Exit 615,616 KRW 1,112,268 KRW 1,755,172 KRW 67
10Y P/E Exit 1,414,133 KRW 2,698,770 KRW 4,244,074 KRW 62
Earnings-Based
Graham-Dodd 1,422,563 KRW 3,935,573 KRW 5,168,968 KRW 65
Lynch FV 786,385 KRW 1,123,407 KRW 1,460,429 KRW 61
PEG = 1.0 786,385 KRW 1,123,407 KRW 1,460,429 KRW 57
EPV 230,909 KRW 313,533 KRW 386,976 KRW 74
Dividend Discount
Gordon GGM 96,190 KRW 210,000 KRW 353,333 KRW 65
DDM Multi-Stage 96,190 KRW 154,256 KRW 218,676 KRW 66
Multiples
P/E Multiple 3,294,908 KRW 4,393,211 KRW 5,491,513 KRW 63
P/S Multiple 1,322,478 KRW 1,763,304 KRW 2,204,130 KRW 58
P/B Multiple 2,667,306 KRW 3,556,409 KRW 4,445,511 KRW 55
EV/EBIT 504,069 KRW 751,189 KRW 998,309 KRW 65
EV/EBITDA 938,112 KRW 1,329,914 KRW 1,721,715 KRW 67
EV/Revenue 291,836 KRW 518,605 KRW 745,374 KRW 52
Asset-Based
NCAV (Graham) 531,976 KRW 712,848 KRW 1,063,952 KRW 54
Growth DCF
Growth DCF 507,737 KRW 865,514 KRW 1,393,428 KRW 77
Rev-Margin DCF 340,563 KRW 646,525 KRW 989,139 KRW 71
Economic Profit
Residual Income 1,467,672 KRW 2,066,455 KRW 11,265,957 KRW 64
ROIC Compounder 230,909 KRW 313,533 KRW 386,976 KRW 72
Growth Earnings
Growth-Adj P/E 2,619,786 KRW 3,742,551 KRW 4,865,316 KRW 67

Widest divergence: Growth Earnings (3,742,551 KRW) versus Dividend Discount (154,256 KRW). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/S ratio 0.50 TTM
Dividend yield 3.1%
Net margin 23.7% FY2025
Return on equity 23.8% TTM
Return on assets (EBIT) 3.0% avg 5y
Operating margin 5.4% TTM
More key figures
Growth
Revenue (TTM) 6.5T KRW TTM
Revenue growth (YoY) +1.7% 3y avg −1.5%
EPS growth (YoY) +393%
Balance sheet & cash flow
Free cash flow 459B KRW FY2025
Net debt 3.8T KRW FY2025 · ≈ 8.3 yrs of FCF

Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 48 · Market factors (momentum, volatility) 36

Profitability 53
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

KCC Corporation provides building materials in South Korea and internationally. Its building materials include celling materials, insulation materials, gypsum board, and flooring materials.

Full company description

KCC Corporation provides building materials in South Korea and internationally. Its building materials include celling materials, insulation materials, gypsum board, and flooring materials. The company offers window profiles, balcony window profiles, system window profiles, and sense doors; interior decorative materials, such as flooring materials and laminate films; float, functional, and automotive glass products; decorative, automotive, marine, plant, and industrial coatings; and organic and inorganic materials. In addition, it engages in silicone business for developing products in the fields of specialized paints and precision chemical engineering. KCC Corporation was founded in 1958 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KCC Corporation reported revenue of 6.5T KRW in FY2025 versus 5.9T KRW in FY2021, a compound +2.5%/yr. Reported net income was 1.5T KRW in FY2025.

Growth Quality 53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
6.5T KRW
Latest YoY
−2.6%
Avg. revenue 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.
−1.5%
Avg. revenue 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.
+5.0%
Avg. revenue growth/yr (25Y) 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.
+6.0%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. 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.
≈ +30.1% (approximate, leans on 2025) · in KRW
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+27.0%
Dividend yield3.1%
Operating margin (EBIT) 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.2.7% (2020) → 6.6% (2025) · rising
Worst earnings drop548% (2019) (loss year, drop beyond 100%) · in KRW
⚠ Final year 2025 sits 623% above its own trend (e.g. a one-off disposal gain), so this rate uses the operating basis instead of reported profit
Revenue +2.5%/yr
FY21 5.9T KRW
FY22 6.8T KRW
FY23 6.3T KRW
FY24 6.7T KRW
FY25 6.5T KRW
Net income
FY21 −45.8B KRW
FY22 33.9B KRW
FY23 213B KRW
FY24 344B KRW
FY25 1.5T KRW

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Cite: Fair Value Calculator (2026). "KCC Corporation Fair Value". https://www.fairvalue-calculator.com/stock/002380.KO

Peer Group

Chemicals · 340 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 52 · Below median
Return on equity (TTM) 24% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 5% · Below median
Revenue growth 2% · Below median
Dividend yield (TTM) 3.1% · Above median
Debt / equity 0.38× · Higher than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 2.1× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE9 · sector 22
PAST95 · sector 20
HEALTH81 · sector 94
DIVIDEND62 · sector 32

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

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Frequently asked questions

Is KCC Corporation (002380) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of 1,763,304 KRW versus a price of 482,000 KRW, about +266% upside (undervalued).
What is the fair value of 002380?
Our model-based fair value for KCC Corporation is 1,763,304 KRW (as of Sep 3, 2026), built from audited fundamentals. The current price: 482,000 KRW.
What is the quality score of 002380?
KCC Corporation 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 KCC Corporation (002380)?
Our model-based price target is the fair value of 1,763,304 KRW (as of Sep 3, 2026) from 26 valuation models. Cautious scenario 1,322,478 KRW, optimistic scenario 2,204,130 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the KCC Corporation stock forecast for 2026?
Our models put fair value at 1,763,304 KRW, about +266% upside versus a price of 482,000 KRW (undervalued). Cautious scenario 1,322,478 KRW, optimistic scenario 2,204,130 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of KCC Corporation (002380)?
KCC Corporation reported trailing-twelve-month revenue of about 6.5T KRW (latest available figure, as of Sep 3, 2026).
What is the net profit margin of 002380?
The net profit margin of KCC Corporation is about 26.3%, meaning it keeps roughly 26.3% of revenue as net income. Based on the latest reported figures.
Does KCC Corporation pay a dividend?
KCC Corporation currently shows a dividend yield of about 3.11% relative to its recent price (as of Sep 3, 2026).
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