Nongshim Co (004370) Fair Value & Analysis
Consumer Defensive · KR · Market cap 2.0T KRW
Fair value as of: Jul 22, 2026
From 25 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from 587,375 KRW to 530,619 KRW (−9.7%) since Jun 25, 2026. Share price +11.9% over the past month.
A solid business, screening 31% undervalued on our models.
What matters now
- Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
- Our model range runs from 396,631 KRW (bear) to 664,608 KRW (bull), base 530,619 KRW. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 56/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
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 250,144 KRW – 558,367 KRW · fair‑value band 396,631 KRW – 664,608 KRW · the 405,000 KRW price screens below the 530,619 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.
Analysis
Nongshim Co (004370) currently trades at 405,000 KRW, while our model-based Fair Value estimate is 530,619 KRW, implying the stock looks roughly 31.0% undervalued today. The Quality Score stands at 56/100 (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: high), always confirm before acting.
Over the trailing twelve months, Nongshim Co generated revenue of 3.6T KRW at a net margin of 5.0%. Revenue grew 4.6% year over year. It earns a return on equity of 6.4%. Net debt stands at 31.1B KRW. Fundamentals as of Jul 22, 2026
Our scenario range runs from 396,631 KRW (bear case) to 664,608 KRW (bull case); at 405,000 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 29% below its 52-week high and 15% 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 31%, 004370 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.
All 25 models by family
Widest divergence: DCF Models (613,499 KRW) versus Dividend Discount (71,958 KRW). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 48
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
Nongshim Co., Ltd., together with its subsidiaries, manufactures, sells, imports, and exports ramen, snacks, and beverages in Asia, the Americas, Europe, and Oceania.
Full company description
Nongshim Co., Ltd., together with its subsidiaries, manufactures, sells, imports, and exports ramen, snacks, and beverages in Asia, the Americas, Europe, and Oceania. It also provides home meal replacements; and imports and markets brand products, such as Kellogg's cereals, Tulip canned meat, House Curry, Chupa Chups, Pringles, Mentos, jam, peanut butter, Lindt chocolates, and Villa Blanca oil. The company was formerly known as Lotte Industrial Company and changed its name to Nongshim Co., Ltd. in March 1978. Nongshim Co., Ltd. was founded in 1965 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
Nongshim Co reported revenue of 3.5T KRW in FY2025 versus 2.7T KRW in FY2021, a compound +7.2%/yr. Reported net income was 170B KRW in FY2025, compounding +14.3%/yr from FY2021.
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Peer Group
Packaged Foods · 653 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.
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 22, 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% |
| PT Siantar Top Tbk, STTP | 10,300 IDR | 15,316 IDR | +49% |
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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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