Moorim Paper (009200) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Moorim Paper KRW 4,512, price KRW 1,504, upside +200.0%, quality 31 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 1,256 KRW – 3,402 KRW · fair‑value band 3,367 KRW – 6,734 KRW · the 1,504 KRW price screens below the 4,512 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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. The company was founded in 1975 and is headquartered in Seoul, South Korea.
Stock analysis
Moorim Paper (009200) currently trades at 1,504 KRW, while our model-based Fair Value estimate is 4,512 KRW, implying the stock looks roughly 66.7% undervalued today.
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Valuation
How firm this estimate is: it rests on 6 models at a data quality of 80/100, which puts the evidence level at low.
Scenario range: 3,367 KRW (bear) to 6,734 KRW (bull), the price of 1,504 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 31/100 (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 62.6B KRW (≈ $46.0M) · P/S ratio 0.05 · Dividend yield 8.3% · Net margin −1.2% · Return on equity −4.2% · Return on assets (EBIT) 2.4% · Operating margin 1.1% · Revenue (TTM) 1.3T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The share trades about 41% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 26% fair-value upside, at 200%, 009200 screens cheaper than that median.
Fair Value models
Bear 3,367 KRWFair Value 4,512 KRWBull 6,734 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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 · 122 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside+200% · Top 25%
Profitability
Return on assets0% · Below median
Net margin (TTM)−2% · Bottom 25%
Operating margin (TTM)1% · Below median
Growth and dividend
Revenue growth−4% · Below median
Dividend yield (TTM)8.3% · Top 25%
Balance sheet
Debt / equity1.37× · Highest 25%
Valuation Multiplesvs Paper & Paper Products median · lower = cheaper
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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 Sep 24, 2026, our model estimates a fair value of 4,512 KRW versus a price of 1,504 KRW, about +200% upside (undervalued).
What is the fair value of 009200?
Our model-based fair value for Moorim Paper is 4,512 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,504 KRW.
What is the quality score of 009200?
Moorim Paper 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 price target for Moorim Paper (009200)?
Our model-based price target is the fair value of 4,512 KRW (as of Sep 24, 2026) from 2 valuation models. Cautious scenario 3,367 KRW, optimistic scenario 6,734 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 4,512 KRW, about +200% upside versus a price of 1,504 KRW (undervalued). Cautious scenario 3,367 KRW, optimistic scenario 6,734 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 Sep 24, 2026).
Does Moorim Paper pay a dividend?
Moorim Paper currently shows a dividend yield of about 8.31% relative to its recent price (as of Sep 24, 2026).
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 4,512 KRW per share (as of Sep 24, 2026), against a price of 1,504 KRW. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Moorim Paper stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 009200 trades below its calculated fair value: price 1,504 KRW, fair value 4,512 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 (1,504 KRW); the fair value is what the company's own numbers justify (4,512 KRW). For Moorim Paper the two are 3,008 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 62.6B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 1,504 KRW; our models calculate a fair value of 4,512 KRW per share.
What do the bullish and bearish scenarios say about 009200?
Our models span a range for Moorim Paper: cautious scenario 3,367 KRW, base 4,512 KRW, optimistic 6,734 KRW per share (as of Sep 24, 2026, price 1,504 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 Sep 24, 2026): return on equity −4.2%, debt of 1.37 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is 009200 from its 52-week high?
Moorim Paper trades at 1,504 KRW, about 41% below its 52-week high of 2,560 KRW and 20% above the low of 1,256 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 4,512 KRW is for.
Which stocks are comparable to Moorim Paper?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) Limited, The Navigator Company, 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 Sep 24, 2026: price 1,504 KRW, calculated fair value 4,512 KRW (+200%), Quality Score 31/100, from 2 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 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 4,512 KRW, 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 14.0 % above its aggregate fair value. Moorim Paper currently trades 200 % 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 Sep 23, 2026 was 1,504 KRW. Our model-based fair value is 4,512 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 (31/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (3,367 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 (3,367 KRW to 6,734 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 62.6B KRW (≈ $46.0M). 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 0.05 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Moorim Paper (009200)?
The dividend yield of Moorim Paper is 8.3%. 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 −1.2% (fiscal year 2025). 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 −4.2% (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 1.1% (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 −3.7% 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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