Kyungin Synthe (012610) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Kyungin Synthe KRW 4,015, price KRW 3,190, upside +25.9%, quality 54 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 2,492 KRW – 7,029 KRW · the 3,190 KRW price screens below the 4,015 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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Kyungin Synthetic Co., Ltd. develops, manufactures, and sells dyes, inks, fine chemicals, and other materials for use in textiles, food, and electronic products in South Korea.
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Kyungin Synthetic Co., Ltd. develops, manufactures, and sells dyes, inks, fine chemicals, and other materials for use in textiles, food, and electronic products in South Korea. The company offers inks for digital textile printing and UV printing, as well as dyes for inks; reactive dyes, disperse dyes, acid dyes, CDP basic dyes, and optical brightening agents; electronic materials; and fine chemicals, such as saccharin, sulfur, and inorganic products. It also provides organic materials for displays, semiconductor, photoactive compounds, pigments, and functional materials. Kyungin Synthetic Co., Ltd. was founded in 1971 and is headquartered in Seoul, South Korea.
Stock analysis
Kyungin Synthe (012610) currently trades at 3,190 KRW, while our model-based Fair Value estimate is 4,015 KRW, implying the stock looks roughly 20.5% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 6,290 KRW per share, and 15 of the 23 models we run sit above the 3,190 KRW price.
Bear case: the Growth Earnings group reads lowest at 1,976 KRW, and 8 of the 23 models stay below the price. Evidence for this calculation is medium.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kyungin Synthe reported revenue of 380B KRW in FY2025 versus 403B KRW in FY2021, a compound −1.5%/yr. Reported net income was 5.6B KRW in FY2025, compounding −30.6%/yr from FY2021.
Key figures
Market cap 131B KRW (≈ $96.1M) · P/S ratio 0.30 · Dividend yield 1.6% · Net margin 1.5% · Return on equity 3.2% · Return on assets (EBIT) 3.5% · Operating margin 6.1% · Revenue (TTM) 388B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 48% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −27% fair-value upside, at 26%, 012610 screens cheaper than that median.
Fair Value models
Bear 4,015 KRWFair Value 4,015 KRWBull 4,015 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.59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.5%
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.
−1.9%
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.
+2.9%
Start year 2020 (pandemic). Over 10 years: +3.7% a year
Revenue growth 21 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.
+6.8%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−3.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.6%
Dividend (yield on the price)1.6%
Profit margin 2020 to 2025 ⓘ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.1% → 5%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+11.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +9.3% a year for the price.
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.Chemicals · 352 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+26% · Top 25%
Profitability
Return on equity (TTM)3% · Below median
Return on assets2% · Above median
Net margin (TTM)2% · Below median
Operating margin (TTM)6% · Below median
Growth and dividend
Revenue growth9% · Above median
Dividend yield (TTM)1.6% · Below median
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Chemicals median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Kyungin Synthe Fair Value". https://www.fairvalue-calculator.com/stock/012610
Frequently asked questions
Is Kyungin Synthe (012610) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 4,015 KRW versus a price of 3,190 KRW, about +26% upside (undervalued).
What is the fair value of 012610?
Our model-based fair value for Kyungin Synthe is 4,015 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 3,190 KRW.
What is the quality score of 012610?
Kyungin Synthe has a Quality Score of 54/100. 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 Kyungin Synthe (012610)?
Our model-based price target is the fair value of 4,015 KRW (as of Sep 24, 2026) from 23 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Kyungin Synthe stock forecast for 2026?
Our models put fair value at 4,015 KRW, about +26% upside versus a price of 3,190 KRW (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of Kyungin Synthe (012610)?
Kyungin Synthe reported trailing-twelve-month revenue of about 388B KRW (latest available figure, as of Sep 24, 2026).
Does Kyungin Synthe pay a dividend?
Kyungin Synthe currently shows a dividend yield of about 1.57% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Kyungin Synthe (012610)?
For today's price to be fair in a discounted-cash-flow model, Kyungin Synthe would have to grow free cash flow by +11.5 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 012610 use?
Our models discount Kyungin Synthe at 12.7 %: a base by market capitalisation (micro), damped by beta 0.85, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kyungin Synthe that is +11.5 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Kyungin Synthe (012610) delivered so far?
Over the past 5 years revenue at Kyungin Synthe grew +2.9 % a year. The price currently implies +11.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kyungin Synthe (012610) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Kyungin Synthe (+11.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kyungin Synthe (012610)?
The free-cash-flow yield on the price is 14.26 %: that much free cash flow Kyungin Synthe produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kyungin Synthe (012610)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kyungin Synthe it is 4,015 KRW per share (as of Sep 24, 2026), against a price of 3,190 KRW. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Kyungin Synthe stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 012610 trades below its calculated fair value: price 3,190 KRW, fair value 4,015 KRW, a gap of about +26% (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 012610?
No. The price is what the market pays today (3,190 KRW); the fair value is what the company's own numbers justify (4,015 KRW). For Kyungin Synthe the two are 824.77 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Kyungin Synthe worth?
The market values Kyungin Synthe at about 131B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 3,190 KRW; our models calculate a fair value of 4,015 KRW per share.
How solid is the balance sheet of Kyungin Synthe (012610)?
Balance-sheet figures for Kyungin Synthe (as of Sep 24, 2026): return on equity 3.2%, debt of 0.13 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 012610 from its 52-week high?
Kyungin Synthe trades at 3,190 KRW, about 48% below its 52-week high of 6,090 KRW and 22% above the low of 2,620 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 4,015 KRW is for.
Which stocks are comparable to Kyungin Synthe?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Ningxia Baofeng Energy Group, Dow Inc, 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 Kyungin Synthe stock attractive at the current price?
The data as of Sep 24, 2026: price 3,190 KRW, calculated fair value 4,015 KRW (+26%), Quality Score 54/100, from 23 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 012610 calculated?
We run Kyungin Synthe through 23 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 4,015 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. Kyungin Synthe currently trades 26 % 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 Kyungin Synthe (012610)?
The closing price on Sep 23, 2026 was 3,190 KRW. Our model-based fair value is 4,015 KRW, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kyungin Synthe right now?
The price is below even our cautious bear case (4,015 KRW). The market is more pessimistic than our downside scenario. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Kyungin Synthe
How large is the market capitalisation of Kyungin Synthe (012610)?
The market capitalisation of Kyungin Synthe is 131B KRW (≈ $96.1M). 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 Kyungin Synthe (012610)?
The price-to-sales ratio of Kyungin Synthe is 0.30 (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 Kyungin Synthe (012610)?
The dividend yield of Kyungin Synthe is 1.6%. 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 Kyungin Synthe (012610)?
The net margin of Kyungin Synthe is 1.5% (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 Kyungin Synthe (012610)?
The return on equity (ROE) of Kyungin Synthe is 3.2% (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 Kyungin Synthe (012610)?
On an EBIT basis the return on assets of Kyungin Synthe is 3.5% (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 Kyungin Synthe (012610)?
The operating margin of Kyungin Synthe is 6.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kyungin Synthe (012610)?
Revenue at Kyungin Synthe is growing +8.5% versus a year earlier (3y avg −1.9%). 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 Kyungin Synthe (012610)?
Earnings per share at Kyungin Synthe are growing +108% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kyungin Synthe (012610) carry?
The net debt of Kyungin Synthe is 160B KRW (fiscal year 2025, ≈ 8.6 yrs of FCF). 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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