Namyang Dairy Products Co (003920) Fair Value & Analysis
Consumer Defensive · KR · Market cap 332B KRW
Fair value as of: Jul 24, 2026
From 24 valuation models · updated 17 days ago
Share price +5.8% over the past month.
Below-average quality, and screening another 51% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (25,823 KRW). The favourable scenario is already priced in.
- Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.
How to read this chart
60‑month range 28,063 KRW – 79,806 KRW · fair‑value band 18,354 KRW – 25,823 KRW · the 44,950 KRW price screens above the 22,089 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.
Analysis
Namyang Dairy Products Co (003920) currently trades at 44,950 KRW, while our model-based Fair Value estimate is 22,089 KRW, implying the stock looks roughly 50.9% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Namyang Dairy Products Co generated revenue of 924B KRW at a net margin of 1.3%. Revenue grew 4.4% year over year. It earns a return on equity of 1.6%. Fundamentals as of Jul 24, 2026
Our scenario range runs from 18,354 KRW (bear case) to 25,823 KRW (bull case); at 44,950 KRW, the current price sits above 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 35% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -51%, 003920 screens richer 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.
All 24 models by family
Widest divergence: Asset-Based (107,996 KRW) versus Dividend Discount (1,502 KRW). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 36
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
Namyang Dairy Products Co., Ltd manufactures and sells dairy products in South Korea and internationally. It offers babies products under Imperial Dream XO, Imperial Kid XO, Imperial Mom XO, I am Mother, Star Grow, Blood Crown, Koko Crown Picky Eater, Namyang KI PLUS PREMIUM, Namyang Shanyang Rufen, Hope Allegy, and Hope Doctor brand names.
Full company description
Namyang Dairy Products Co., Ltd manufactures and sells dairy products in South Korea and internationally. It offers babies products under Imperial Dream XO, Imperial Kid XO, Imperial Mom XO, I am Mother, Star Grow, Blood Crown, Koko Crown Picky Eater, Namyang KI PLUS PREMIUM, Namyang Shanyang Rufen, Hope Allegy, and Hope Doctor brand names. It also provides coffee beverages and mixes, yogurt, beverages, cheese, raw and soyabean milk, and whipping cream and creamer; and Namyang KETONIA, a liquid formula for high-fat ketogenic dietary food for infants and young children, as well as real estate services. The company was founded in 1964 and is headquartered in Seoul, South Korea. Namyang Dairy Products Co., Ltd operates as a subsidiary of Hahn & Co. No. 19 Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Namyang Dairy Products Co reported revenue of 914B KRW in FY2025 versus 956B KRW in FY2021, a compound −1.1%/yr. Reported net income was 7.1B KRW in FY2025.
003920 screens 51% overvalued. Compare with Nestlé India Limited →
Peer Group
Packaged Foods · 649 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.
Valuation Multiples vs Packaged Foods median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nestlé India Limited NESTLEIND | ₹1,427 | ₹362.37 | -75% |
| Britannia Industries Limited BRITANNIA | ₹5,413 | ₹1,870 | -65% |
| Tata Consumer Products Limited TATACONSUM | ₹1,089 | ₹327.27 | -70% |
| PT Indofood CBP Sukses Makmur Tbk ICBP | 6,650 IDR | 15,757 IDR | +137% |
| Samyang Foods Co 003230 | 1,139,000 KRW | 1,010,543 KRW | -11% |
| Patanjali Foods Limited PATANJALI | ₹413.80 | ₹157.04 | -62% |
| Vietnam Dairy Products Joint Stock Company VNM | 58,500 VND | 68,259 VND | +17% |
| PT Mayora Indah Tbk, MYOR | 1,750 IDR | 2,699 IDR | +54% |
| PT Cisarua Mountain Dairy Tbk CMRY | 4,490 IDR | 4,355 IDR | -3% |
| Nongshim Co 004370 | 348,500 KRW | 530,619 KRW | +52% |
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Frequently asked questions
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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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