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KleanNara Co (004540) Fair Value & Analysis

Basic Materials · KR · Market cap 47.1B KRW

KC KleanNara Co 004540 · KO
Price1,209 KRW
Fair Value1,144 KRW
Upside-5.3%
Quality31/100
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Weak Growth
Loss-making · -9.2% net margin
Moderate debt · negative free cash flow
Trails peers (1/9)
Narrow moat 13/100
Evidence: Low Range 1,034 KRW – 1,317 KRW Share as image

Fair value as of: Jul 24, 2026

From 3 valuation models · updated 17 days ago

Share price −16.0% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

8,312 KRW 1,110 KRW Fair Value 1,144 KRW Mar 2021 Aug 2026

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 1,110 KRW – 8,312 KRW · fair‑value band 1,034 KRW – 1,317 KRW · the 1,209 KRW price screens above the 1,144 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.

Full chart & analysis →

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Analysis

KleanNara Co (004540) currently trades at 1,209 KRW, while our model-based Fair Value estimate is 1,144 KRW, implying the stock looks roughly 5.3% fairly valued today. The Quality Score stands at 31/100 (below-average quality), in the Basic Materials 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: low).

Over the trailing twelve months, KleanNara Co generated revenue of 502B KRW at a net margin of -9.2%. Revenue declined 4.4% year over year. It earns a return on equity of -26.9%. Net debt stands at 327B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 1,034 KRW (bear case) to 1,317 KRW (bull case); at 1,209 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 50% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at -5%, 004540 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.

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
Gordon GGM 927.90 KRW 1,016 KRW 1,149 KRW 70
DDM Multi-Stage 927.90 KRW 1,164 KRW 1,495 KRW 61
NCAV (Graham) 2,292 KRW 3,071 KRW 4,584 KRW 50
All 3 models by family
Dividend Discount
Gordon GGM 927.90 KRW 1,016 KRW 1,149 KRW 70
DDM Multi-Stage 927.90 KRW 1,164 KRW 1,495 KRW 61
Asset-Based
NCAV (Graham) 2,292 KRW 3,071 KRW 4,584 KRW 50

Widest divergence: Asset-Based (3,071 KRW) versus Dividend Discount (1,016 KRW). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 502B KRW
Revenue growth (YoY) -4.4%
Net margin -9.2%
Return on equity -26.9%
Free cash flow −46.3B KRW FY2025
Operating margin -3.2%
More key figures
EPS growth (YoY) -51.9%
Net debt 327B KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 29 · Market factors (momentum, volatility) 17

Profitability 15
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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.

About the company

KleanNara Co., Ltd. manufactures and sells paper products in South Korea, China, the Americas, Europe, Africa, Asia, and Oceania.

Full company description

KleanNara Co., Ltd. manufactures and sells paper products in South Korea, China, the Americas, Europe, Africa, Asia, and Oceania. The company offers toilet paper rolls, facial tissues, kitchen towels, wet wipes, wellness products, masks, hand sanitizers, adult diapers, and away from home products under the KleanNara brand name; cotton sanitary pads under the Pure.Soosoo brand name; feminine products under the Dear Skin brand name; baby diapers and wet wipes under the BOSOMI brand name; and pet bowel movement pads under the PAW-PAW Mong brand name. It also provides industrial paper products, including grey back, white back, and CCKB duplex boards, as well as ACB and kraft board under the N2N and WHITE HORSE brand names; and all-pulp products, such as cream, health and beauty premium board, light, bright, and RIV under the BLANQ brand name. The company was founded in 1966 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

KleanNara Co reported revenue of 508B KRW in FY2025 versus 579B KRW in FY2021, a compound −3.2%/yr. Reported net income was −47.5B KRW in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
508B KRW
Latest YoY
−5.4%
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.
−5.7%
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.
−3.0%
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.
+0.7%
Revenue −3.2%/yr
FY21 579B KRW
FY22 606B KRW
FY23 515B KRW
FY24 537B KRW
FY25 508B KRW
Net income
FY21 8.4B KRW
FY22 −2.9B KRW
FY23 −30.8B KRW
FY24 −22.1B KRW
FY25 −47.5B KRW

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Cite: Fair Value Calculator (2026). "KleanNara Co Fair Value". https://www.fairvalue-calculator.com/stock/004540

Peer Group

Paper & Paper Products · 111 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 31 · Bottom 25%
Fair Value upside −5% · Above median
Return on assets -2% · Bottom 25%
Net margin (TTM) -9% · Bottom 25%
Operating margin (TTM) -3% · Bottom 25%
Revenue growth -4% · Below median
Debt / equity 0.95× · Higher than 75% of peers

Valuation Multiples vs Paper & Paper Products median · lower = cheaper

EV/EBITDA 38.8× · Pricier 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 26 · sector 20
FUTURE 0 · sector 9
PAST 0 · sector 12
HEALTH 52 · sector 91
DIVIDEND 0 · sector 41

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 Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Klabin S.A KLBN11 R$17.58 R$3.89 -78%
UPM-Kymmene Oyj UPM €23.45 €15.47 -34%
Suzano S.A SUZB3 R$41.70 R$138.01 +231%
Svenska Cellulosa Aktiebolaget SCA (publ) SCAB kr 103.00 kr 49.40 -52%
Shandong Sunpaper Co 002078 ¥14.13 ¥17.29 +22%
Holmen AB HOLMB kr 305.40 kr 217.72 -29%
Nine Dragons Paper (Holdings) Limited 2689 HK$7.55 HK$8.73 +16%
Empresas CMPC S.A CMPC 1,078 CLP 1,269 CLP +18%
Xianhe Co 603733 ¥22.05 ¥24.32 +10%
Billerud AB BILL kr 68.70 kr 48.60 -29%

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Frequently asked questions

Is KleanNara Co (004540) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 1,144 KRW versus a price of 1,209 KRW, about −5% (fairly valued).
What is the fair value of 004540?
Our model-based fair value for KleanNara Co is 1,144 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 1,209 KRW.
What is the quality score of 004540?
KleanNara Co has a Quality Score of 31/100. 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 KleanNara Co (004540)?
KleanNara Co reported trailing-twelve-month revenue of about 502B KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 004540?
The net profit margin of KleanNara Co is about -9.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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