Chokwang Paint Ltd (004910) Fair Value & Analysis
Basic Materials · KR · Market cap 35.2B KRW
Fair value as of: Jul 23, 2026
From 3 valuation models · updated 17 days ago
Fair value updated Jul 23, 2026, revised from 2,281 KRW to 4,562 KRW (+100.0%) since Jul 22, 2026. Share price +2.6% over the past month.
Below-average quality, screening 22% undervalued on our models.
What matters now
- The price is below even our cautious bear case (4,121 KRW). The market is more pessimistic than our downside scenario.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.
How to read this chart
60‑month range 3,240 KRW – 10,580 KRW · fair‑value band 4,121 KRW – 5,249 KRW · the 3,725 KRW price screens below the 4,562 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.
Analysis
Chokwang Paint Ltd (004910) currently trades at 3,725 KRW, while our model-based Fair Value estimate is 4,562 KRW, implying the stock looks roughly 22.5% undervalued today. The Quality Score stands at 35/100 (below-average quality), in the Basic Materials 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: low), always confirm before acting.
Over the trailing twelve months, Chokwang Paint Ltd generated revenue of 200B KRW at a net margin of -8.0%. Revenue declined 5.4% year over year. It earns a return on equity of -7.5%. Net debt stands at 117B KRW. Fundamentals as of Jul 23, 2026
Our scenario range runs from 4,121 KRW (bear case) to 5,249 KRW (bull case); at 3,725 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 40% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 22%, 004910 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 3 models by family
Widest divergence: Asset-Based (13,948 KRW) versus Dividend Discount (2,024 KRW). Highest evidence: Gordon GGM (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 34 · Market factors (momentum, volatility) 30
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
Chokwang Paint Ltd. manufactures and sells paints and chemicals in South Korea and internationally. It offers architectural, floor and waterproofing, heavy duty, industrial, wood, plastic, and UV curing paints; powder coatings, adhesives, electronic materials, and car maintenance products; and energy saving products.
Full company description
Chokwang Paint Ltd. manufactures and sells paints and chemicals in South Korea and internationally. It offers architectural, floor and waterproofing, heavy duty, industrial, wood, plastic, and UV curing paints; powder coatings, adhesives, electronic materials, and car maintenance products; and energy saving products. The company was founded in 1947 and is headquartered in Busan, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Chokwang Paint Ltd reported revenue of 203B KRW in FY2025 versus 239B KRW in FY2021, a compound −4.0%/yr. Reported net income was −10.3B KRW in FY2025.
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Peer Group
Specialty Chemicals · 673 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.
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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $489.98 | $222.03 | -55% |
| Nan Ya Plastics Corporation 1303 | 181.50 TWD | 255.83 TWD | +41% |
| Wanhua Chemical Group 600309 | ¥70.04 | ¥68.03 | -3% |
| Novozymes A/S NSISB | kr 428.20 | kr 179.66 | -58% |
| Asian Paints Limited ASIANPAINT | ₹2,689 | ₹668.81 | -75% |
| Solar Industries India Limited SOLARINDS | ₹18,236 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,560 | ₹351.84 | -77% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
| Linde India Limited LINDEINDIA | ₹7,115 | ₹757.93 | -89% |
| Berger Paints India Limited BERGEPAINT | ₹493.70 | ₹164.29 | -67% |
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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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