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Kyung Dong Pharmaceutical Co (011040) Fair Value & Analysis

Healthcare · KR · Market cap 146B KRW

KD Kyung Dong Pharmaceutical Co 011040 · KQ
Price5,110 KRW
Fair Value6,165 KRW
Upside+20.6%
Quality58/100
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Expensive Growth
Thin margins · 3.6% net margin
Low debt · negative free cash flow
5.14% dividend yield
Ranks above peers (7/8)
Moderate moat 45/100
Evidence: Medium Range 4,624 KRW – 7,706 KRW Share as image

Fair value as of: Jul 20, 2026

From 12 valuation models · updated 21 days ago

Share price +2.3% over the past month.

A solid business, screening 21% undervalued on our models.

What matters now

  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 4,624 KRW (bear) to 7,706 KRW (bull), base 6,165 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 58/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

12,867 KRW 4,720 KRW Fair Value 6,165 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 4,720 KRW – 12,867 KRW · fair‑value band 4,624 KRW – 7,706 KRW · the 5,110 KRW price screens below the 6,165 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Kyung Dong Pharmaceutical Co (011040) currently trades at 5,110 KRW, while our model-based Fair Value estimate is 6,165 KRW, implying the stock looks roughly 20.6% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Healthcare 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, Kyung Dong Pharmaceutical Co generated revenue of 182B KRW at a net margin of 3.6%. Revenue declined 3.8% year over year. It earns a return on equity of 270.9%. Net debt stands at 13.3B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 4,624 KRW (bear case) to 7,706 KRW (bull case); at 5,110 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 22% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -20% fair-value upside, at 21%, 011040 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 7,181 KRW 7,071 KRW 6,260 KRW 76
ROIC Compounder 2,262 KRW 2,520 KRW 2,747 KRW 72
Growth-Adj P/E 4,264 KRW 6,092 KRW 7,919 KRW 68
All 12 models by family
Earnings-Based
Graham-Dodd 2,466 KRW 4,645 KRW 5,776 KRW 54
EPV 2,262 KRW 2,520 KRW 2,747 KRW 59
Multiples
P/E Multiple 5,984 KRW 7,978 KRW 9,973 KRW 63
P/S Multiple 4,624 KRW 6,165 KRW 7,706 KRW 58
P/B Multiple 4,624 KRW 6,165 KRW 7,706 KRW 55
EV/EBIT 4,866 KRW 6,251 KRW 7,636 KRW 53
EV/EBITDA 5,774 KRW 7,462 KRW 9,151 KRW 54
EV/Revenue 3,676 KRW 4,947 KRW 6,218 KRW 43
Asset-Based
NCAV (Graham) 4,855 KRW 6,506 KRW 9,710 KRW 50
Economic Profit
Residual Income 7,181 KRW 7,071 KRW 6,260 KRW 76
ROIC Compounder 2,262 KRW 2,520 KRW 2,747 KRW 72
Growth Earnings
Growth-Adj P/E 4,264 KRW 6,092 KRW 7,919 KRW 68

Widest divergence: Asset-Based (6,506 KRW) versus Earnings-Based (2,520 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 182B KRW
Revenue growth (YoY) -3.8%
Net margin 3.6%
Return on equity 271%
Free cash flow −3.6B KRW FY2025
Operating margin 6.1%
More key figures
Dividend yield 5.1%
EPS growth (YoY) -51.7%
Net debt 13.3B KRW FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 55 · Market factors (momentum, volatility) 40

Profitability 38
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 83
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

Kyung Dong Pharmaceutical Co., Ltd. produces and sells specialized and general medicines in South Korea. It offers prescription medicines for liver therapy, antispasmodic, antidiabetic, antiviral, corticosteroid, androgen alopecia, muscle relaxant, antimigraine, vitamin, antifungal, endocrinal, urology, antibacterial, cardiovascular, pain/inflammation, …

Full company description

Kyung Dong Pharmaceutical Co., Ltd. produces and sells specialized and general medicines in South Korea. It offers prescription medicines for liver therapy, antispasmodic, antidiabetic, antiviral, corticosteroid, androgen alopecia, muscle relaxant, antimigraine, vitamin, antifungal, endocrinal, urology, antibacterial, cardiovascular, pain/inflammation, smoking cessation aid, gastrointestinal, antihistamine, CNS, antiobesity, neuropathic, osteoporosis, respiratory, allergy, and arthrifuge categories. The company also provides OTC medicines for pain/inflammation, cardiovascular, hepatic protectors, respiratory, gastrointestinal, calcium agent, antihistamine, antifungal, antibiotic, anti-inflammatory enzyme, dermatologic, antiviral, and contraceptive categories; and APIs and health functional foods, as well as quasi drugs. The company was formerly known as Yuil Trading Company and changed its name to Kyung Dong Pharmaceutical Co., Ltd. in February 1976. Kyung Dong Pharmaceutical Co., Ltd. was founded in 1975 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

Kyung Dong Pharmaceutical Co reported revenue of 196B KRW in FY2025 versus 178B KRW in FY2021, a compound +2.5%/yr. Reported net income was 8.5B KRW in FY2025, compounding −9.4%/yr from FY2021.

Growth Quality 36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
196B KRW
Latest YoY
+1.2%
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.
+2.4%
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.
+2.5%
Avg. growth/yr (14Y) 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.
+3.1%
Revenue +2.5%/yr
FY21 178B KRW
FY22 183B KRW
FY23 163B KRW
FY24 194B KRW
FY25 196B KRW
Net income −9.4%/yr
FY21 12.7B KRW
FY22 12.2B KRW
FY23 −20.7B KRW
FY24 5.5B KRW
FY25 8.5B KRW

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Cite: Fair Value Calculator (2026). "Kyung Dong Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/011040

Peer Group

Pharmaceuticals · 25 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 58 · Top 25%
Fair Value upside +21% · Above median
Return on assets 2% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth -4% · Bottom 25%
Dividend yield (TTM) 5.1% · Top 25%
Debt / equity 0.07× · Lower than 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.

VALUE 61 · sector 6
FUTURE 0 · sector 60
PAST 100 · sector 0
HEALTH 97 · sector 96
DIVIDEND 100 · sector 28

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 Pharmaceuticals stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
GlaxoSmithKline Pharmaceuticals Limited 500660 ₹2,653 ₹1,471 -45%
Caregen Co 214370 62,700 KRW 7,277 KRW -88%
ST Pharm Co 237690 123,600 KRW 50,110 KRW -59%
Oscotec Inc 039200 31,050 KRW 25,062 KRW -19%
DongKook Pharmaceutical Co 086450 18,350 KRW 32,142 KRW +75%
Kolon Life Science Inc 102940 30,100 KRW 37,195 KRW +24%
Huons Global Co 084110 23,800 KRW 58,482 KRW +146%
BINEX Co 053030 6,350 KRW 1,844 KRW -71%
Anterogen.Co.,Ltd., a bio-venture company, 065660 16,810 KRW 4,741 KRW -72%
EURO EURO 1.09 PHP 0.8700 PHP -20%

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Frequently asked questions

Is Kyung Dong Pharmaceutical Co (011040) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 6,165 KRW versus a price of 5,110 KRW, about +21% (undervalued).
What is the fair value of 011040?
Our model-based fair value for Kyung Dong Pharmaceutical Co is 6,165 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 5,110 KRW.
What is the quality score of 011040?
Kyung Dong Pharmaceutical Co has a Quality Score of 58/100. 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 Kyung Dong Pharmaceutical Co (011040)?
Kyung Dong Pharmaceutical Co reported trailing-twelve-month revenue of about 182B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 011040?
The net profit margin of Kyung Dong Pharmaceutical Co is about 3.6%, meaning it keeps roughly 3.6% of revenue as net income. Based on the latest reported figures.
Does Kyung Dong Pharmaceutical Co pay a dividend?
Kyung Dong Pharmaceutical Co currently shows a dividend yield of about 5.14% relative to its recent price (as of Jul 20, 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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