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Tae Kyung Ind (015890) Fair Value & Analysis

Basic Materials · KR · Market cap 137B KRW

TK Tae Kyung Ind 015890 · KO
Price4,770 KRW
Fair Value8,810 KRW
Upside+84.7%
Quality51/100
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Healthy Growth
Thin margins · 2.5% net margin
Low debt · generates free cash flow
5.43% dividend yield
Ranks above peers (7/10)
Narrow moat 37/100
Evidence: Medium Range 6,608 KRW – 11,013 KRW Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 6 days ago

Fair value updated Aug 13, 2026, revised from 9,755 KRW to 8,810 KRW (−9.7%) since Jul 24, 2026. Share price +4.3% over the past month.

A solid business, screening 85% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (6,608 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

9,549 KRW 4,250 KRW Fair Value 8,810 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 4,250 KRW – 9,549 KRW · fair‑value band 6,608 KRW – 11,013 KRW · the 4,770 KRW price screens below the 8,810 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Tae Kyung Ind (015890) currently trades at 4,770 KRW, while our model-based Fair Value estimate is 8,810 KRW, implying the stock looks roughly 84.7% undervalued today. The Quality Score stands at 51/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Tae Kyung Ind generated revenue of 814B KRW at a net margin of 2.5%. Revenue grew 21.8% year over year. It earns a return on equity of 8.1%. Net debt stands at 138B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 6,608 KRW (bear case) to 11,013 KRW (bull case); at 4,770 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 22% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -55% fair-value upside, at 85%, 015890 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 16,711 KRW 25,781 KRW 38,894 KRW 80
Residual Income 8,160 KRW 8,326 KRW 8,187 KRW 76
Rev-Margin DCF 15,576 KRW 25,944 KRW 38,001 KRW 74
All 24 models by family
DCF Models
FCF DCF 16,442 KRW 26,771 KRW 42,727 KRW 38
Owner Earnings 3,518 KRW 6,372 KRW 10,781 KRW 31
5Y Revenue Exit 15,576 KRW 25,952 KRW 39,234 KRW 39
5Y EBITDA Exit 16,640 KRW 27,960 KRW 41,190 KRW 41
5Y P/E Exit 9,031 KRW 13,598 KRW 18,290 KRW 38
10Y Revenue Exit 15,187 KRW 24,777 KRW 37,759 KRW 36
10Y EBITDA Exit 16,400 KRW 26,178 KRW 39,265 KRW 37
10Y P/E Exit 11,532 KRW 16,157 KRW 21,637 KRW 35
Earnings-Based
Graham-Dodd 3,902 KRW 12,681 KRW 16,936 KRW 54
Lynch FV 2,832 KRW 4,046 KRW 5,259 KRW 50
PEG = 1.0 2,832 KRW 4,046 KRW 5,259 KRW 46
EPV 14,865 KRW 17,579 KRW 19,954 KRW 59
Multiples
P/E Multiple 7,317 KRW 9,755 KRW 12,194 KRW 63
P/S Multiple 7,317 KRW 9,755 KRW 12,194 KRW 58
P/B Multiple 7,317 KRW 9,755 KRW 12,194 KRW 55
EV/EBIT 18,529 KRW 25,177 KRW 31,826 KRW 53
EV/EBITDA 18,926 KRW 25,707 KRW 32,488 KRW 54
EV/Revenue 15,869 KRW 23,278 KRW 30,686 KRW 43
Asset-Based
NCAV (Graham) 5,253 KRW 7,039 KRW 10,506 KRW 50
Growth DCF
Growth DCF 16,711 KRW 25,781 KRW 38,894 KRW 80
Rev-Margin DCF 15,576 KRW 25,944 KRW 38,001 KRW 74
Economic Profit
Residual Income 8,160 KRW 8,326 KRW 8,187 KRW 76
ROIC Compounder 15,850 KRW 20,709 KRW 26,710 KRW 72
Growth Earnings
Growth-Adj P/E 6,304 KRW 9,005 KRW 11,707 KRW 68

Widest divergence: Growth DCF (25,781 KRW) versus Earnings-Based (4,046 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 814B KRW
Revenue growth (YoY) +21.8%
Net margin 2.5%
Return on equity 8.1%
Free cash flow 45.5B KRW FY2025
Operating margin 8.4%
More key figures
Dividend yield 5.2%
EPS growth (YoY) +125%
Net debt 138B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 51 · Market factors (momentum, volatility) 52

Profitability 33
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 76
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

Taekyung Industry.Co., Ltd. manufactures and sells ferroalloy and calcium carbonate materials in South Korea and internationally. The company offers ferroalloy products, such as ferromanganese and silico-manganese products.

Full company description

Taekyung Industry.Co., Ltd. manufactures and sells ferroalloy and calcium carbonate materials in South Korea and internationally. The company offers ferroalloy products, such as ferromanganese and silico-manganese products. It also provides ground calcium carbonate and precipitated calcium carbonate products; lime products, such as quicklime, limestone, calcium hydroxide, and fertilizers; sulfur petroleum cokes; zinc oxide, zinc dust, and titanium dioxide products; and liquid calcium hydroxide, magnesium hydroxide, dienol, and detox materials. In addition, the company offers industrial gases, including liquid carbon dioxide, dry ice, oxygen, nitrogen, and argon; hexanediol and ethyl hexyglycerin materials. Further, it provides LED lighting products, and automotive lighting products, as well as operates highway rest areas and gas stations. Taekyung Industry.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

Tae Kyung Ind reported revenue of 777B KRW in FY2025 versus 517B KRW in FY2021, a compound +10.7%/yr. Reported net income was 16.8B KRW in FY2025, compounding −1.8%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
777B KRW
Latest YoY
+15.0%
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.
+1.9%
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.
+12.5%
Avg. growth/yr (26Y) 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.
+9.6%
Revenue +10.7%/yr
FY21 517B KRW
FY22 733B KRW
FY23 656B KRW
FY24 676B KRW
FY25 777B KRW
Net income −1.8%/yr
FY21 18.0B KRW
FY22 23.0B KRW
FY23 16.3B KRW
FY24 20.4B KRW
FY25 16.8B KRW

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Cite: Fair Value Calculator (2026). "Tae Kyung Ind Fair Value". https://www.fairvalue-calculator.com/stock/015890

Peer Group

Chemicals · 333 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 51 · Below median
Fair Value upside +85% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth 22% · Top 25%
Dividend yield (TTM) 5.2% · Top 25%
Debt / equity 0.50× · Higher than 75% of peers

Valuation Multiples vs 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE100 · sector 19
PAST33 · sector 20
HEALTH75 · sector 94
DIVIDEND100 · sector 32

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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 467.04 MXN -55%
PT Barito Pacific Tbk, BRPT 1,855 IDR 1,584 IDR -15%
LG Chem, Ltd 051910 275,500 KRW 587,755 KRW +113%
SRF Limited 503806 ₹2,609 ₹749.17 -71%
542812 542812 ₹4,709 ₹791.05 -83%
Navin Fluorine International Limited NAVINFLUOR ₹8,357 ₹2,146 -74%
Deepak Nitrite Limited DEEPAKNI ₹1,768 ₹824.05 -53%
523642 523642 ₹2,484 ₹1,745 -30%
506285 506285 ₹4,048 ₹1,589 -61%
Kansai Nerolac Paints Limited 500165 ₹209.25 ₹80.51 -62%

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Frequently asked questions

Is Tae Kyung Ind (015890) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 8,810 KRW versus a price of 4,770 KRW, about +85% (undervalued).
What is the fair value of 015890?
Our model-based fair value for Tae Kyung Ind is 8,810 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 4,770 KRW.
What is the quality score of 015890?
Tae Kyung Ind has a Quality Score of 51/100. 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 Tae Kyung Ind (015890)?
Tae Kyung Ind reported trailing-twelve-month revenue of about 814B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 015890?
The net profit margin of Tae Kyung Ind is about 2.5%, meaning it keeps roughly 2.5% of revenue as net income. Based on the latest reported figures.
Does Tae Kyung Ind pay a dividend?
Tae Kyung Ind currently shows a dividend yield of about 5.21% relative to its recent price (as of Aug 13, 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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