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Whan In Pharm Co (016580) Fair Value & Analysis

Healthcare · KR · Market cap 183B KRW

WI Whan In Pharm Co 016580 · KO
Price10,350 KRW
Fair Value15,181 KRW
Upside+46.7%
Quality42/100
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Mixed Growth
Thin margins · 6.0% net margin
generates free cash flow
3.07% dividend yield
Mixed vs. peers (5/9)
Narrow moat 35/100
Evidence: High Range 10,220 KRW – 18,406 KRW Share as image

Fair value as of: Jul 24, 2026

From 26 valuation models · updated 17 days ago

Share price +3.5% over the past month.

Below-average quality, screening 47% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range (10,220 KRW to 18,406 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

20,958 KRW 9,230 KRW Fair Value 15,181 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 9,230 KRW – 20,958 KRW · fair‑value band 10,220 KRW – 18,406 KRW · the 10,350 KRW price screens below the 15,181 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Whan In Pharm Co (016580) currently trades at 10,350 KRW, while our model-based Fair Value estimate is 15,181 KRW, implying the stock looks roughly 46.7% undervalued today. The Quality Score stands at 42/100 (below-average 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: high), always confirm before acting.

Over the trailing twelve months, Whan In Pharm Co generated revenue of 266B KRW at a net margin of 6.0%. Revenue grew 18.2% year over year. It earns a return on equity of 4.0%. Fundamentals as of Jul 24, 2026

Our scenario range runs from 10,220 KRW (bear case) to 18,406 KRW (bull case); at 10,350 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 20% 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 -49% fair-value upside, at 47%, 016580 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 16,613 KRW 16,205 KRW 13,904 KRW 76
Growth DCF 5,254 KRW 6,177 KRW 7,519 KRW 72
Gordon GGM 2,275 KRW 4,731 KRW 7,504 KRW 70
All 26 models by family
DCF Models
FCF DCF 5,229 KRW 6,285 KRW 7,929 KRW 38
Owner Earnings 14,244 KRW 20,624 KRW 30,546 KRW 31
5Y Revenue Exit 8,083 KRW 11,775 KRW 16,619 KRW 39
5Y EBITDA Exit 11,679 KRW 18,597 KRW 26,870 KRW 41
5Y P/E Exit 11,173 KRW 17,637 KRW 24,581 KRW 38
10Y Revenue Exit 6,843 KRW 9,982 KRW 14,425 KRW 36
10Y EBITDA Exit 9,347 KRW 14,755 KRW 22,353 KRW 37
10Y P/E Exit 9,022 KRW 14,083 KRW 20,582 KRW 35
Earnings-Based
Graham-Dodd 5,002 KRW 16,642 KRW 22,275 KRW 54
Lynch FV 3,769 KRW 5,384 KRW 6,999 KRW 50
PEG = 1.0 3,769 KRW 5,384 KRW 6,999 KRW 46
EPV 7,018 KRW 7,614 KRW 8,136 KRW 59
Dividend Discount
Gordon GGM 2,275 KRW 4,731 KRW 7,504 KRW 70
DDM Multi-Stage 2,275 KRW 3,880 KRW 4,965 KRW 61
Multiples
P/E Multiple 12,136 KRW 16,181 KRW 20,227 KRW 63
P/S Multiple 9,378 KRW 12,504 KRW 15,630 KRW 58
P/B Multiple 9,378 KRW 12,504 KRW 15,630 KRW 55
EV/EBIT 12,420 KRW 15,413 KRW 18,406 KRW 53
EV/EBITDA 16,439 KRW 20,772 KRW 25,105 KRW 54
EV/Revenue 9,849 KRW 12,596 KRW 15,343 KRW 43
Asset-Based
NCAV (Graham) 11,388 KRW 15,261 KRW 22,777 KRW 50
Growth DCF
Growth DCF 5,254 KRW 6,177 KRW 7,519 KRW 72
Rev-Margin DCF 8,083 KRW 11,676 KRW 15,846 KRW 67
Economic Profit
Residual Income 16,613 KRW 16,205 KRW 13,904 KRW 76
ROIC Compounder 7,018 KRW 7,614 KRW 8,136 KRW 67
Growth Earnings
Growth-Adj P/E 10,220 KRW 14,600 KRW 18,980 KRW 68

Widest divergence: Asset-Based (15,261 KRW) versus Dividend Discount (3,880 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 266B KRW
Revenue growth (YoY) +18.2%
Net margin 6.0%
Return on equity 4.0%
Free cash flow 2.9B KRW FY2025
Operating margin 13.2%
More key figures
Dividend yield 3.1%
EPS growth (YoY) +20.4%

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 45

Profitability 31
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 38
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

Whan In Pharm Co.,Ltd. manufactures and sells various pharmaceutical products in South Korea. The company offers products, such as gastrointestinal, respiratory, cardiovascular, antidiabetic, antibiotic, antifungal, antihistamine, antiviral, antirheumatic, muscle relaxant, nonsteroidal anti-inflammatory, smoking cessation, erectile dysfunction, prostate …

Full company description

Whan In Pharm Co.,Ltd. manufactures and sells various pharmaceutical products in South Korea. The company offers products, such as gastrointestinal, respiratory, cardiovascular, antidiabetic, antibiotic, antifungal, antihistamine, antiviral, antirheumatic, muscle relaxant, nonsteroidal anti-inflammatory, smoking cessation, erectile dysfunction, prostate disease, urinary disorder, osteoporosis, antiseizure, antidepressant, antipsychotic, central nervous system stimulant, anti-dementia, nootropic, alcohol use disorder, anti-Parkinson, multivitamin, external preparation, medical device, and sedative, hypnotic, and autonomic nervous system medications. The company was founded in 1978 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

Whan In Pharm Co reported revenue of 255B KRW in FY2025 versus 178B KRW in FY2021, a compound +9.5%/yr. Reported net income was 13.6B KRW in FY2025, compounding −15.5%/yr from FY2021.

Growth Quality 42/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
255B KRW
Latest YoY
−1.7%
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.
+8.7%
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.
+8.2%
Avg. growth/yr (16Y) 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.
+6.1%
Revenue +9.5%/yr
FY21 178B KRW
FY22 199B KRW
FY23 230B KRW
FY24 260B KRW
FY25 255B KRW
Net income −15.5%/yr
FY21 26.7B KRW
FY22 23.9B KRW
FY23 29.8B KRW
FY24 23.4B KRW
FY25 13.6B KRW

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Cite: Fair Value Calculator (2026). "Whan In Pharm Co Fair Value". https://www.fairvalue-calculator.com/stock/016580

Peer Group

Drug Manufacturers - Specialty & Generic · 623 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 42 · Below median
Fair Value upside +47% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 13% · Above median
Revenue growth 18% · Top 25%
Dividend yield (TTM) 3.1% · Above median

Valuation Multiples vs Drug Manufacturers - Specialty & Generic 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 96 · sector 6
FUTURE 91 · sector 20
PAST 16 · sector 24
HEALTH 0 · sector 97
DIVIDEND 61 · sector 34

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

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Frequently asked questions

Is Whan In Pharm Co (016580) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 15,181 KRW versus a price of 10,350 KRW, about +47% (undervalued).
What is the fair value of 016580?
Our model-based fair value for Whan In Pharm Co is 15,181 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 10,350 KRW.
What is the quality score of 016580?
Whan In Pharm Co has a Quality Score of 42/100. 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 Whan In Pharm Co (016580)?
Whan In Pharm Co reported trailing-twelve-month revenue of about 266B KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 016580?
The net profit margin of Whan In Pharm Co is about 6.0%, meaning it keeps roughly 6.0% of revenue as net income. Based on the latest reported figures.
Does Whan In Pharm Co pay a dividend?
Whan In Pharm Co currently shows a dividend yield of about 2.94% relative to its recent price (as of Jul 24, 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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