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Kukdong Oil & Chemicals Co (014530) Fair Value & Analysis

Basic Materials · KR · Market cap 112B KRW

KO Kukdong Oil & Chemicals Co 014530 · KO
Price3,205 KRW
Fair Value1,107 KRW
Upside-65.5%
Quality45/100
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Expensive Growth
Thin margins · 0.3% net margin
Low debt · negative free cash flow
6.38% dividend yield
Trails peers (2/10)
Narrow moat 19/100
Evidence: Medium Range 829.96 KRW – 1,383 KRW Share as image

Fair value as of: Jul 22, 2026

From 14 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 573.03 KRW to 1,107 KRW (+93.1%) since Jul 6, 2026. Share price +0.3% over the past month.

Below-average quality, and screening another 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,383 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

5,990 KRW 2,670 KRW Fair Value 1,107 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 2,670 KRW – 5,990 KRW · fair‑value band 829.96 KRW – 1,383 KRW · the 3,205 KRW price screens above the 1,107 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

Kukdong Oil & Chemicals Co (014530) currently trades at 3,205 KRW, while our model-based Fair Value estimate is 1,107 KRW, implying the stock looks roughly 65.5% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Kukdong Oil & Chemicals Co generated revenue of 1.0T KRW at a net margin of 0.3%. Revenue grew 0.7% year over year. It earns a return on equity of 1.2%. Net debt stands at 201B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 829.96 KRW (bear case) to 1,383 KRW (bull case); at 3,205 KRW, the current price sits above 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 50% below its 52-week high and 9% 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 -65%, 014530 screens richer 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (185.52 KRW to 6,653 KRW). Read the values as a conservative anchor, not as a price target.
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 3,966 KRW 3,639 KRW 2,563 KRW 76
ROIC Compounder 2,191 KRW 2,623 KRW 3,002 KRW 72
Growth-Adj P/E 340.99 KRW 487.13 KRW 633.27 KRW 68
All 14 models by family
Earnings-Based
Graham-Dodd 221.33 KRW 633.31 KRW 834.92 KRW 54
Lynch FV 129.87 KRW 185.52 KRW 241.18 KRW 50
PEG = 1.0 129.87 KRW 185.52 KRW 241.18 KRW 46
EPV 2,191 KRW 2,623 KRW 3,002 KRW 59
Multiples
P/E Multiple 414.98 KRW 553.31 KRW 691.64 KRW 63
P/S Multiple 414.98 KRW 553.31 KRW 691.64 KRW 58
P/B Multiple 414.98 KRW 553.31 KRW 691.64 KRW 55
EV/EBIT 4,246 KRW 5,796 KRW 7,347 KRW 53
EV/EBITDA 4,888 KRW 6,653 KRW 8,418 KRW 54
EV/Revenue 3,625 KRW 5,353 KRW 7,081 KRW 43
Asset-Based
NCAV (Graham) 2,944 KRW 3,945 KRW 5,888 KRW 50
Economic Profit
Residual Income 3,966 KRW 3,639 KRW 2,563 KRW 76
ROIC Compounder 2,191 KRW 2,623 KRW 3,002 KRW 72
Growth Earnings
Growth-Adj P/E 340.99 KRW 487.13 KRW 633.27 KRW 68

Widest divergence: Asset-Based (3,945 KRW) versus Earnings-Based (185.52 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.0T KRW
Revenue growth (YoY) +0.7%
Net margin 0.3%
Return on equity 1.2%
Free cash flow −2.6B KRW FY2025
Operating margin 2.2%
More key figures
Dividend yield 6.0%
EPS growth (YoY) +83.3%
Net debt 201B KRW FY2025

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 47 · Market factors (momentum, volatility) 33

Profitability 34
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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

Kukdong Oil & Chemicals Co.,Ltd develops, manufactures, and supplies various lubricant products primarily in South Korea.

Full company description

Kukdong Oil & Chemicals Co.,Ltd develops, manufactures, and supplies various lubricant products primarily in South Korea. It offers industrial lubricants, such as machine oil, gear oil, hydraulic oil, air compressor oil, heat transfer oil, refrigeration oil, grease, insulating oil, and other oils; non water and water-soluble oil, plastic processing oil, anti rust oil, and cleanser oil; paraffin oil, naphthenic oil, and aromatic oil; liquid paraffin for food additive, cosmetic, and general industrial uses. The company also operates LPG charging stations and gas stations; distributes lubricants under the BP, Castrol, Optimol, and Tribol brands, as well as supplies petroleum to affiliated gas stations and business partners. It exports its products to approximately 20 countries worldwide. Kukdong Oil & Chemicals Co.,Ltd was founded in 1979 and is headquartered in Yangsan-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kukdong Oil & Chemicals Co reported revenue of 1.0T KRW in FY2025 versus 965B KRW in FY2021, a compound +1.4%/yr. Reported net income was 1.1B KRW in FY2025, compounding −43.8%/yr from FY2021.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.0T KRW
Latest YoY
−3.9%
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.
−6.3%
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.
+10.4%
Avg. growth/yr (11Y) 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.
+12.1%
Revenue +1.4%/yr
FY21 965B KRW
FY22 1.2T KRW
FY23 1.2T KRW
FY24 1.1T KRW
FY25 1.0T KRW
Net income −43.8%/yr
FY21 11.4B KRW
FY22 20.0B KRW
FY23 14.8B KRW
FY24 9.0B KRW
FY25 1.1B KRW

014530 screens 65% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Kukdong Oil & Chemicals Co Fair Value". https://www.fairvalue-calculator.com/stock/014530

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 45 · Below median
Fair Value upside −66% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 2% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 1% · Below median
Dividend yield (TTM) 6.4% · Top 25%
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

EV/EBITDA 0.6× · 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 0 · sector 0
FUTURE 4 · sector 19
PAST 5 · sector 23
HEALTH 89 · sector 95
DIVIDEND 100 · sector 25

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Kukdong Oil & Chemicals Co (014530) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,107 KRW versus a price of 3,205 KRW, about −65% (overvalued).
What is the fair value of 014530?
Our model-based fair value for Kukdong Oil & Chemicals Co is 1,107 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 3,205 KRW.
What is the quality score of 014530?
Kukdong Oil & Chemicals Co has a Quality Score of 45/100. 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 Kukdong Oil & Chemicals Co (014530)?
Kukdong Oil & Chemicals Co reported trailing-twelve-month revenue of about 1.0T KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 014530?
The net profit margin of Kukdong Oil & Chemicals Co is about 0.3%, meaning it keeps roughly 0.3% of revenue as net income. Based on the latest reported figures.
Does Kukdong Oil & Chemicals Co pay a dividend?
Kukdong Oil & Chemicals Co currently shows a dividend yield of about 6.04% 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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