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Chinyang Poly Urethane Co (010640) Fair Value & Analysis

Basic Materials · KR · Market cap 30.4B KRW

CP Chinyang Poly Urethane Co 010640 · KO
Price1,719 KRW
Fair Value2,227 KRW
Upside+29.6%
Quality35/100
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Mixed Growth
Thin margins · 6.7% net margin
Moderate debt · negative free cash flow
7.35% dividend yield
Ranks above peers (6/10)
Narrow moat 40/100
Evidence: Medium Range 1,774 KRW – 2,717 KRW Share as image

Fair value as of: Jul 22, 2026

From 12 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 1,555 KRW to 2,227 KRW (+43.2%) since Jul 6, 2026. Share price −4.3% over the past month.

Below-average quality, screening 30% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1,774 KRW). The market is more pessimistic than our downside scenario.
  • Our model range runs from 1,774 KRW (bear) to 2,717 KRW (bull), base 2,227 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 35/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

6,486 KRW 1,500 KRW Fair Value 2,227 KRW Mar 2021 Aug 2026

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 1,500 KRW – 6,486 KRW · fair‑value band 1,774 KRW – 2,717 KRW · the 1,719 KRW price screens below the 2,227 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.

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Analysis

Chinyang Poly Urethane Co (010640) currently trades at 1,719 KRW, while our model-based Fair Value estimate is 2,227 KRW, implying the stock looks roughly 29.6% 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: medium), always confirm before acting.

Over the trailing twelve months, Chinyang Poly Urethane Co generated revenue of 55.7B KRW at a net margin of 6.7%. Revenue declined 5.3% year over year. It earns a return on equity of 11.5%. Net debt stands at 35.2B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,774 KRW (bear case) to 2,717 KRW (bull case); at 1,719 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 61% below its 52-week high and 1% 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 30%, 010640 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.

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
Residual Income 1,460 KRW 1,479 KRW 1,426 KRW 76
Growth-Adj P/E 1,009 KRW 1,441 KRW 1,874 KRW 68
P/E Multiple 1,239 KRW 1,652 KRW 2,065 KRW 63
All 12 models by family
Earnings-Based
Graham-Dodd 660.86 KRW 1,843 KRW 2,424 KRW 54
Lynch FV 370.76 KRW 529.66 KRW 688.55 KRW 50
PEG = 1.0 370.76 KRW 529.66 KRW 688.55 KRW 46
Multiples
P/E Multiple 1,239 KRW 1,652 KRW 2,065 KRW 63
P/S Multiple 1,239 KRW 1,652 KRW 2,065 KRW 58
P/B Multiple 1,239 KRW 1,652 KRW 2,065 KRW 55
EV/EBIT 288.03 KRW 53
EV/EBITDA 430.45 KRW 944.43 KRW 54
EV/Revenue 222.43 KRW 43
Asset-Based
NCAV (Graham) 948.68 KRW 1,271 KRW 1,897 KRW 50
Economic Profit
Residual Income 1,460 KRW 1,479 KRW 1,426 KRW 76
Growth Earnings
Growth-Adj P/E 1,009 KRW 1,441 KRW 1,874 KRW 68

Widest divergence: Multiples (1,652 KRW) versus Earnings-Based (529.66 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 55.7B KRW
Revenue growth (YoY) -5.3%
Net margin 6.7%
Return on equity 11.5%
Free cash flow −17.5B KRW FY2025
Operating margin 6.6%
More key figures
Dividend yield 7.4%
EPS growth (YoY) -30.4%
Net debt 35.2B KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 36 · Market factors (momentum, volatility) 19

Profitability 28
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 35
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 61
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

Chinyang Poly Urethane Co.,Ltd, together with its subsidiaries, engages in the manufacture, processing, and sale of polyurethane foam products in South Korea. The company's foam products are used in furniture, automobile, shoes, construction, packaging, and electronics applications.

Full company description

Chinyang Poly Urethane Co.,Ltd, together with its subsidiaries, engages in the manufacture, processing, and sale of polyurethane foam products in South Korea. The company's foam products are used in furniture, automobile, shoes, construction, packaging, and electronics applications. It also offers flooring materials and synthetic leather; and automotive interiors and parts. In addition, the company engages in the rental of real estate properties; and asset management and investment agency activities. It exports its products. The company was formerly known as Korea Polyurethane Industrial Co., Ltd. and changed its name to Chinyang Poly Urethane Co.,Ltd in January 2008. Chinyang Poly Urethane Co.,Ltd was founded in 1975 and is headquartered in Pyeongtaek-si, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chinyang Poly Urethane Co reported revenue of 46.6B KRW in FY2025 versus 53.1B KRW in FY2021, a compound −3.2%/yr. Reported net income was 1.6B KRW in FY2025, compounding −19.2%/yr from FY2021.

Growth Quality 16/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
46.6B KRW
Latest YoY
−13.7%
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.
−4.0%
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.
+4.7%
Avg. growth/yr (16Y) 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.
+5.1%
Revenue −3.2%/yr
FY21 53.1B KRW
FY22 52.7B KRW
FY23 54.5B KRW
FY24 54.0B KRW
FY25 46.6B KRW
Net income −19.2%/yr
FY21 3.8B KRW
FY22 3.5B KRW
FY23 3.7B KRW
FY24 3.2B KRW
FY25 1.6B KRW

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Cite: Fair Value Calculator (2026). "Chinyang Poly Urethane Co Fair Value". https://www.fairvalue-calculator.com/stock/010640

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.

Quality Score 35 · Bottom 25%
Fair Value upside +30% · Top 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 7% · Below median
Revenue growth -5% · Below median
Dividend yield (TTM) 7.4% · Top 25%
Debt / equity 0.86× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

EV/EBITDA 3.9× · Cheaper 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 73 · sector 0
FUTURE 0 · sector 19
PAST 46 · sector 23
HEALTH 57 · sector 95
DIVIDEND 100 · sector 25

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 22, 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

Is Chinyang Poly Urethane Co (010640) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 2,227 KRW versus a price of 1,719 KRW, about +30% (undervalued).
What is the fair value of 010640?
Our model-based fair value for Chinyang Poly Urethane Co is 2,227 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,719 KRW.
What is the quality score of 010640?
Chinyang Poly Urethane Co has a Quality Score of 35/100. 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 Chinyang Poly Urethane Co (010640)?
Chinyang Poly Urethane Co reported trailing-twelve-month revenue of about 55.7B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 010640?
The net profit margin of Chinyang Poly Urethane Co is about 6.7%, meaning it keeps roughly 6.7% of revenue as net income. Based on the latest reported figures.
Does Chinyang Poly Urethane Co pay a dividend?
Chinyang Poly Urethane Co currently shows a dividend yield of about 3.81% relative to its recent price (as of Jul 22, 2026).

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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