Moorim Paper (009200) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Moorim Paper stock KRW 4,095, price KRW 1,365, upside +200.0%, quality 28 out of 100. Rating: strongly undervalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range 1,256 KRW – 3,402 KRW · fair‑value band 3,056 KRW – 6,112 KRW · the 1,365 KRW price screens below the 4,095 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Moorim Paper Co., Ltd. manufactures and sells paper products. The company offers printing and writing papers; and eco, industrial, board, transfer, and fancy papers. It also provides bleach chemical pulp, pump material, pulp powder, and black liquor.
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The company was founded in 1975 and is headquartered in Seoul, South Korea.
Stock analysis
Moorim Paper (009200) currently trades at 1,365 KRW, while our model-based Fair Value estimate is 4,095 KRW, implying the stock looks roughly 67% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 80/100, which puts the data coverage at low.
Scenario range: 3,056 KRW (bear) to 6,112 KRW (bull), the price of 1,365 KRW sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 28/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Moorim Paper reported revenue of 1.3T KRW in FY2025 versus 1.1T KRW in FY2021, a compound +4.6%/yr. Reported net income was −15.4B KRW in FY2025.
Key figures
Market cap 56.8B KRW (≈ $42.6M) Micro · P/S ratio 0.04 · EPS (TTM) −1,528 KRW · Dividend yield 9.2% · Net margin −4.9% · Return on equity −13.8% · Return on assets (EBIT) 2.4% (5-year average) · Operating margin 9.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).
What moves the price
The share trades about 47% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 24% fair-value upside, at 200%, 009200 screens cheaper than that median.
Fair Value models
Bear3,056 KRWFair Value 4,095 KRWBull6,112 KRW
Price 1,365 KRW · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.19/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−8.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−3.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.9%
Start year 2020 (pandemic). Over 10 years: +0.9% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.7%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
2.9% (2020) → 0.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Paper & Paper Products · 120 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on assets−0.6% · Bottom 25%
Net margin (12 months)−4.9% · Bottom 25%
Operating margin (12 months)9.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)12.5% · Above median
Dividend yield (12 months)9.2% · Top 25%
Balance sheet
Debt / equity1.37× · Highest 25%
Valuation Multiplesvs Paper & Paper Products median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Moorim Paper Fair Value". https://www.fairvalue-calculator.com/stock/009200
Frequently asked questions
Is Moorim Paper (009200) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of 4,095 KRW versus a price of 1,365 KRW, about +200% upside (undervalued).
What is the fair value of 009200?
Our model-based fair value for Moorim Paper is 4,095 KRW (as of Nov 10, 2026), built from audited fundamentals. The current price: 1,365 KRW.
What is the quality score of 009200?
Moorim Paper has a Quality Score of 28/100. 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 price target for Moorim Paper (009200)?
Our model-based price target is the fair value of 4,095 KRW (as of Nov 10, 2026) from 1 valuation models. Cautious scenario 3,056 KRW, optimistic scenario 6,112 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Moorim Paper stock forecast for 2026?
Our models put fair value at 4,095 KRW, about +200% upside versus a price of 1,365 KRW (undervalued). Cautious scenario 3,056 KRW, optimistic scenario 6,112 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Moorim Paper (009200)?
Moorim Paper reported trailing-twelve-month revenue of about 1.3T KRW (latest available figure, as of Nov 10, 2026).
Does Moorim Paper pay a dividend?
Moorim Paper currently shows a dividend yield of 9.16% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Moorim Paper (009200) and when is the ex-dividend date?
Moorim Paper pays a dividend of 125.00 KRW per share a year, a dividend yield of 9.2%. The last ex-dividend date was Mar 9, 2026. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Moorim Paper (009200)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Moorim Paper it is 4,095 KRW per share (as of Nov 10, 2026), against a price of 1,365 KRW. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Moorim Paper stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 009200 trades below its calculated fair value: price 1,365 KRW, fair value 4,095 KRW, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 009200?
No. The price is what the market pays today (1,365 KRW); the fair value is what the company's own numbers justify (4,095 KRW). For Moorim Paper the two are 2,730 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Moorim Paper worth?
The market values Moorim Paper at about 56.8B KRW (market capitalisation, as of Nov 10, 2026). Per share that is 1,365 KRW; our models calculate a fair value of 4,095 KRW per share.
What do the bullish and bearish scenarios say about 009200?
Our models span a range for Moorim Paper: cautious scenario 3,056 KRW, base 4,095 KRW, optimistic 6,112 KRW per share (as of Nov 10, 2026, price 1,365 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Moorim Paper (009200)?
Balance-sheet figures for Moorim Paper (as of Nov 10, 2026): return on equity −13.8%, debt of 1.37 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is 009200 from its 52-week high?
Moorim Paper trades at 1,365 KRW, about 47% below its 52-week high of 2,560 KRW and 9% above the low of 1,256 KRW (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 4,095 KRW is for.
Which stocks are comparable to Moorim Paper?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Suzano S.A, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Moorim Paper stock attractive at the current price?
The data as of Nov 10, 2026: price 1,365 KRW, calculated fair value 4,095 KRW (+200%), Quality Score 28/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 009200 calculated?
We run Moorim Paper through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 4,095 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Moorim Paper currently trades 67% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Moorim Paper (009200)?
The closing price on Nov 10, 2026 was 1,365 KRW. Our model-based fair value is 4,095 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Moorim Paper right now?
The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (3,056 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (3,056 KRW to 6,112 KRW) leaves room in how you read the outcome.
Key figures of Moorim Paper
How large is the market capitalisation of Moorim Paper (009200)?
The market capitalisation of Moorim Paper is 56.8B KRW (≈ $42.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Moorim Paper (009200)?
The price-to-sales ratio of Moorim Paper is 0.04 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Moorim Paper (009200)?
Earnings per share at Moorim Paper are −1,528 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Moorim Paper (009200)?
The dividend yield of Moorim Paper is 9.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Moorim Paper (009200)?
The net margin of Moorim Paper is −4.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Moorim Paper (009200)?
The return on equity (ROE) of Moorim Paper is −13.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Moorim Paper (009200)?
On an EBIT basis the return on assets of Moorim Paper is 2.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Moorim Paper (009200)?
The operating margin of Moorim Paper is 9.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Moorim Paper (009200)?
Revenue at Moorim Paper is growing +12.5% versus a year earlier (3y avg −3.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Moorim Paper (009200)?
Earnings per share at Moorim Paper are growing −87.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Moorim Paper (009200) generate?
The free cash flow of Moorim Paper is −169B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Moorim Paper (009200) carry?
The net debt of Moorim Paper is 1.3T KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 10, 2026