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AMOREPACIFIC Holdings (002790) Fair Value & Analysis

Consumer Defensive · KR · Market cap 2.2T KRW

AH AMOREPACIFIC Holdings 002790 · KO
Price26,450 KRW
Fair Value34,147 KRW
Upside+29.1%
Quality64/100
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Weak Growth
Thin margins · 2.6% net margin
Low debt · generates free cash flow
1.64% dividend yield
Ranks above peers (6/10)
Narrow moat 35/100
Evidence: Medium Range 25,610 KRW – 42,684 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 69,951 KRW to 34,147 KRW (−51.2%) since Jun 25, 2026. Share price +8.8% over the past month.

A solid business, screening 29% undervalued on our models.

What matters now

  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 25,610 KRW (bear) to 42,684 KRW (bull), base 34,147 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 64/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

75,449 KRW 18,672 KRW Fair Value 34,147 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 18,672 KRW – 75,449 KRW · fair‑value band 25,610 KRW – 42,684 KRW · the 26,450 KRW price screens below the 34,147 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

AMOREPACIFIC Holdings (002790) currently trades at 26,450 KRW, while our model-based Fair Value estimate is 34,147 KRW, implying the stock looks roughly 29.1% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, AMOREPACIFIC Holdings generated revenue of 4.7T KRW at a net margin of 2.6%. Revenue grew 5.0% year over year. It earns a return on equity of 4.0%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 25,610 KRW (bear case) to 42,684 KRW (bull case); at 26,450 KRW, the current price sits within 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 25% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at 29%, 002790 screens cheaper 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 89,934 KRW 131,092 KRW 192,388 KRW 80
Residual Income 34,128 KRW 33,694 KRW 30,111 KRW 76
Rev-Margin DCF 62,166 KRW 89,420 KRW 120,504 KRW 74
All 24 models by family
DCF Models
FCF DCF 87,976 KRW 133,561 KRW 205,401 KRW 38
Owner Earnings 53,096 KRW 78,989 KRW 119,794 KRW 31
5Y Revenue Exit 62,166 KRW 88,637 KRW 121,458 KRW 39
5Y EBITDA Exit 83,177 KRW 127,463 KRW 178,275 KRW 41
5Y P/E Exit 49,579 KRW 65,377 KRW 81,183 KRW 38
10Y Revenue Exit 69,136 KRW 95,579 KRW 129,338 KRW 36
10Y EBITDA Exit 84,149 KRW 122,978 KRW 173,212 KRW 37
10Y P/E Exit 62,347 KRW 79,164 KRW 98,239 KRW 35
Earnings-Based
Graham-Dodd 11,057 KRW 32,276 KRW 42,642 KRW 54
Lynch FV 6,716 KRW 9,594 KRW 12,472 KRW 50
PEG = 1.0 6,716 KRW 9,594 KRW 12,472 KRW 46
EPV 37,236 KRW 42,530 KRW 47,236 KRW 59
Multiples
P/E Multiple 25,610 KRW 34,147 KRW 42,684 KRW 63
P/S Multiple 20,732 KRW 27,643 KRW 34,554 KRW 58
P/B Multiple 20,732 KRW 27,643 KRW 34,554 KRW 55
EV/EBIT 68,745 KRW 89,248 KRW 109,751 KRW 53
EV/EBITDA 90,037 KRW 117,638 KRW 145,238 KRW 54
EV/Revenue 51,136 KRW 69,951 KRW 88,765 KRW 43
Asset-Based
NCAV (Graham) 22,824 KRW 30,585 KRW 45,649 KRW 50
Growth DCF
Growth DCF 89,934 KRW 131,092 KRW 192,388 KRW 80
Rev-Margin DCF 62,166 KRW 89,420 KRW 120,504 KRW 74
Economic Profit
Residual Income 34,128 KRW 33,694 KRW 30,111 KRW 76
ROIC Compounder 37,236 KRW 42,530 KRW 49,034 KRW 72
Growth Earnings
Growth-Adj P/E 20,721 KRW 29,602 KRW 38,482 KRW 68

Widest divergence: Growth DCF (89,420 KRW) versus Earnings-Based (9,594 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.7T KRW
Revenue growth (YoY) +5.0%
Net margin 2.6%
Return on equity 4.0%
Free cash flow 523B KRW FY2025
Operating margin 11.3%
More key figures
Dividend yield 1.6%
EPS growth (YoY) -4.2%

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 64 · Market factors (momentum, volatility) 32

Profitability 35
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 28
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

AMOREPACIFIC Holdings Corp., through its subsidiaries, engages in manufacturing, marketing, and trading of cosmetics, household goods, and health functional foods in Korea, Asia, North America, and internationally. The company offers perfumes, medical and inner beauty products, beauty devices, haircare, body care, and dental care products.

Full company description

AMOREPACIFIC Holdings Corp., through its subsidiaries, engages in manufacturing, marketing, and trading of cosmetics, household goods, and health functional foods in Korea, Asia, North America, and internationally. The company offers perfumes, medical and inner beauty products, beauty devices, haircare, body care, and dental care products. It also provides tea culture products. The company was formerly known as AMOREPACIFIC Group and changed its name to AMOREPACIFIC Holdings Corp. in April 2025. AMOREPACIFIC Holdings Corp. was incorporated in 1945 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

AMOREPACIFIC Holdings reported revenue of 4.6T KRW in FY2025 versus 5.3T KRW in FY2021, a compound −3.5%/yr. Reported net income was 124B KRW in FY2025, compounding −8.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
4.6T KRW
Latest YoY
+8.5%
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.
+0.9%
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.
−1.3%
Avg. 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.
+6.7%
Revenue −3.5%/yr
FY21 5.3T KRW
FY22 4.5T KRW
FY23 4.0T KRW
FY24 4.3T KRW
FY25 4.6T KRW
Net income −8.9%/yr
FY21 180B KRW
FY22 62.2B KRW
FY23 119B KRW
FY24 252B KRW
FY25 124B KRW

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Cite: Fair Value Calculator (2026). "AMOREPACIFIC Holdings Fair Value". https://www.fairvalue-calculator.com/stock/002790

Peer Group

Household & Personal Products · 244 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 64 · Above median
Fair Value upside +29% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 3% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 11% · Above median
Revenue growth 5% · Above median
Dividend yield (TTM) 1.6% · Below median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Household & Personal 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 72 · sector 28
FUTURE 25 · sector 4
PAST 16 · sector 26
HEALTH 99 · sector 98
DIVIDEND 33 · sector 50

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 Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $146.80 $108.16 -26%
Unilever PLC ULN 1,080 MXN 1,273 MXN +18%
Hindustan Unilever Limited HINDUNILVR ₹2,144 ₹1,000 -53%
Essity AB ESSITYA kr 279.00 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹1,088 ₹367.64 -66%
Marico Limited MARICO ₹846.75 ₹233.05 -72%
APR Co 278470 375,000 KRW 151,222 KRW -60%
Dabur India Limited DABUR ₹429.45 ₹181.60 -58%
Kimberly-Clark de México, S. A. B. de C. V., KIMBERA 38.07 MXN 50.09 MXN +32%
PT Unilever Indonesia Tbk UNVR 1,730 IDR 1,934 IDR +12%

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Frequently asked questions

Is AMOREPACIFIC Holdings (002790) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 34,147 KRW versus a price of 26,450 KRW, about +29% (undervalued).
What is the fair value of 002790?
Our model-based fair value for AMOREPACIFIC Holdings is 34,147 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 26,450 KRW.
What is the quality score of 002790?
AMOREPACIFIC Holdings has a Quality Score of 64/100. 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 AMOREPACIFIC Holdings (002790)?
AMOREPACIFIC Holdings reported trailing-twelve-month revenue of about 4.7T KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002790?
The net profit margin of AMOREPACIFIC Holdings is about 2.6%, meaning it keeps roughly 2.6% of revenue as net income. Based on the latest reported figures.
Does AMOREPACIFIC Holdings pay a dividend?
AMOREPACIFIC Holdings currently shows a dividend yield of about 1.63% relative to its recent price (as of Jul 22, 2026).

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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