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Wonik Cube Corp (014190) Fair Value & Analysis

Basic Materials · KR · Market cap 41.6B KRW

WC Wonik Cube Corp 014190 · KQ
Price1,192 KRW
Fair Value1,526 KRW
Upside+28.0%
Quality58/100
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Mixed Growth
Thin margins · 1.4% net margin
Low debt · generates free cash flow
Mixed vs. peers (4/9)
Narrow moat 30/100
Evidence: High Range 1,129 KRW – 1,923 KRW Share as image

Fair value as of: Jul 20, 2026

From 23 valuation models · updated 21 days ago

Share price −0.7% over the past month.

A solid business, screening 28% 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 1,129 KRW (bear) to 1,923 KRW (bull), base 1,526 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 58/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

6,600 KRW 999.00 KRW Fair Value 1,526 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 999.00 KRW – 6,600 KRW · fair‑value band 1,129 KRW – 1,923 KRW · the 1,192 KRW price screens below the 1,526 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

Wonik Cube Corp (014190) currently trades at 1,192 KRW, while our model-based Fair Value estimate is 1,526 KRW, implying the stock looks roughly 28.0% undervalued today. The Quality Score stands at 58/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Wonik Cube Corp generated revenue of 283B KRW at a net margin of 1.4%. Revenue declined 2.2% year over year. It earns a return on equity of 3.6%. Net debt stands at 2.2B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 1,129 KRW (bear case) to 1,923 KRW (bull case); at 1,192 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 56% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 28%, 014190 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
Growth DCF 1,450 KRW 1,750 KRW 2,155 KRW 80
Residual Income 2,244 KRW 2,190 KRW 1,823 KRW 76
ROIC Compounder 1,241 KRW 1,337 KRW 1,422 KRW 72
All 23 models by family
DCF Models
FCF DCF 1,425 KRW 1,744 KRW 2,191 KRW 38
5Y Revenue Exit 1,446 KRW 1,848 KRW 2,340 KRW 39
5Y EBITDA Exit 1,683 KRW 2,265 KRW 2,909 KRW 41
5Y P/E Exit 1,631 KRW 2,175 KRW 2,709 KRW 38
10Y Revenue Exit 1,407 KRW 1,763 KRW 2,195 KRW 36
10Y EBITDA Exit 1,578 KRW 2,043 KRW 2,605 KRW 37
10Y P/E Exit 1,547 KRW 1,982 KRW 2,461 KRW 35
Earnings-Based
Graham-Dodd 538.84 KRW 1,164 KRW 1,480 KRW 54
PEG = 1.0 180.83 KRW 258.32 KRW 335.82 KRW 46
EPV 1,241 KRW 1,337 KRW 1,422 KRW 59
Dividend Discount
Gordon GGM 583.52 KRW 906.40 KRW 1,259 KRW 70
DDM Multi-Stage 583.52 KRW 840.73 KRW 1,132 KRW 61
Multiples
P/E Multiple 1,248 KRW 1,664 KRW 2,080 KRW 63
P/S Multiple 1,010 KRW 1,347 KRW 1,684 KRW 58
P/B Multiple 1,010 KRW 1,347 KRW 1,684 KRW 55
EV/EBIT 1,854 KRW 2,252 KRW 2,649 KRW 53
EV/EBITDA 2,003 KRW 2,450 KRW 2,897 KRW 54
EV/Revenue 1,513 KRW 1,878 KRW 2,242 KRW 43
Asset-Based
NCAV (Graham) 1,556 KRW 2,085 KRW 3,111 KRW 50
Growth DCF
Growth DCF 1,450 KRW 1,750 KRW 2,155 KRW 80
Economic Profit
Residual Income 2,244 KRW 2,190 KRW 1,823 KRW 76
ROIC Compounder 1,241 KRW 1,337 KRW 1,422 KRW 72
Growth Earnings
Growth-Adj P/E 922.80 KRW 1,318 KRW 1,714 KRW 68

Widest divergence: Asset-Based (2,085 KRW) versus Dividend Discount (840.73 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 283B KRW
Revenue growth (YoY) -2.2%
Net margin 1.4%
Return on equity 3.6%
Free cash flow 2.6B KRW FY2025
Operating margin 3.6%
More key figures
EPS growth (YoY) +178%
Net debt 2.2B KRW FY2019

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 58 · Market factors (momentum, volatility) 15

Profitability 39
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 82
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

Wonik Cube Corp. distributes chemical, polymer, silicon, building, and printing and packaging materials in South Korea. It imports and sells basic chemicals, raw materials, etc. for paint, ink, adhesive, paper, artificial marble, electronic material, synthetic leather, and textile sectors.

Full company description

Wonik Cube Corp. distributes chemical, polymer, silicon, building, and printing and packaging materials in South Korea. It imports and sells basic chemicals, raw materials, etc. for paint, ink, adhesive, paper, artificial marble, electronic material, synthetic leather, and textile sectors. The company also supplies PC, PET, PETG, PMMA, and ULTEM products for use in electrical, electronic, automotive, medical, sheet, filament, and miscellaneous applications; and sells various silicon products, including momentive product fluids, silans, resins, and coatings that are used in applications, such as electronic, chemical fiber, construction, etc. In addition, it offers interior and exterior building materials; and sells digital printers, upgrading parts, and consumables, as well as provides training and technical support services. The company was formerly known as Hunus Inc. and changed its name to Wonik Cube Corp. in September 2013. Wonik Cube Corp. was founded in 1975 and is based in Seongnam-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wonik Cube Corp reported revenue of 285B KRW in FY2025 versus 258B KRW in FY2021, a compound +2.5%/yr. Reported net income was 2.8B KRW in FY2025, compounding −28.1%/yr from FY2021.

Growth Quality 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
285B KRW
Latest YoY
−0.7%
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.
+5.0%
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.
+7.8%
Avg. growth/yr (21Y) 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.
+4.2%
Revenue +2.5%/yr
FY21 258B KRW
FY22 246B KRW
FY23 244B KRW
FY24 287B KRW
FY25 285B KRW
Net income −28.1%/yr
FY21 10.5B KRW
FY22 4.3B KRW
FY23 5.0B KRW
FY24 2.7B KRW
FY25 2.8B KRW

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Cite: Fair Value Calculator (2026). "Wonik Cube Corp Fair Value". https://www.fairvalue-calculator.com/stock/014190

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 58 · Above median
Fair Value upside +28% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth -2% · Below median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/FCF 0.0× · 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 71 · sector 0
FUTURE 0 · sector 19
PAST 14 · sector 23
HEALTH 97 · sector 95
DIVIDEND 0 · 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 20, 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 Wonik Cube Corp (014190) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 1,526 KRW versus a price of 1,192 KRW, about +28% (undervalued).
What is the fair value of 014190?
Our model-based fair value for Wonik Cube Corp is 1,526 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 1,192 KRW.
What is the quality score of 014190?
Wonik Cube Corp 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 Wonik Cube Corp (014190)?
Wonik Cube Corp reported trailing-twelve-month revenue of about 283B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 014190?
The net profit margin of Wonik Cube Corp is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.

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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