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VT Co (018290) Fair Value & Analysis

Industrials · KR · Market cap 388B KRW

VC VT Co 018290 · KQ
Price13,380 KRW
Fair Value39,962 KRW
Upside+198.7%
Quality68/100
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Mixed Growth
Solidly profitable · 12.6% net margin
Low debt · generates free cash flow
Ranks above peers (8/9)
Wide moat 67/100
Evidence: High Range 22,783 KRW – 55,000 KRW Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 42,596 KRW to 39,962 KRW (−6.2%) since Jul 22, 2026. Share price +14.8% over the past month.

A solid business, screening 199% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (22,783 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (22,783 KRW to 55,000 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

44,400 KRW 4,765 KRW Fair Value 39,962 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 4,765 KRW – 44,400 KRW · fair‑value band 22,783 KRW – 55,000 KRW · the 13,380 KRW price screens below the 39,962 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

VT Co (018290) currently trades at 13,380 KRW, while our model-based Fair Value estimate is 39,962 KRW, implying the stock looks roughly 198.7% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Industrials 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, VT Co generated revenue of 451B KRW at a net margin of 12.6%. Revenue grew 13.8% year over year. It earns a return on equity of 22.4%. Net debt stands at 14.6B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 22,783 KRW (bear case) to 55,000 KRW (bull case); at 13,380 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 68% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -60% fair-value upside, at 199%, 018290 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 22,449 KRW 44,451 KRW 87,483 KRW 80
Rev-Margin DCF 18,044 KRW 32,396 KRW 53,443 KRW 74
ROIC Compounder 27,547 KRW 37,147 KRW 49,915 KRW 72
All 24 models by family
DCF Models
FCF DCF 23,264 KRW 39,559 KRW 85,962 KRW 38
Owner Earnings 31,318 KRW 68,555 KRW 148,460 KRW 31
5Y Revenue Exit 18,044 KRW 31,528 KRW 55,167 KRW 39
5Y EBITDA Exit 21,621 KRW 39,401 KRW 68,672 KRW 41
5Y P/E Exit 23,888 KRW 46,742 KRW 75,741 KRW 38
10Y Revenue Exit 18,977 KRW 35,037 KRW 56,399 KRW 36
10Y EBITDA Exit 22,088 KRW 41,764 KRW 76,682 KRW 37
10Y P/E Exit 23,708 KRW 46,028 KRW 83,530 KRW 35
Earnings-Based
Graham-Dodd 11,963 KRW 80,020 KRW 112,095 KRW 54
Lynch FV 23,410 KRW 33,443 KRW 43,476 KRW 50
PEG = 1.0 23,410 KRW 33,443 KRW 43,476 KRW 46
EPV 23,727 KRW 27,527 KRW 30,904 KRW 59
Multiples
P/E Multiple 22,430 KRW 29,907 KRW 37,384 KRW 63
P/S Multiple 14,200 KRW 18,933 KRW 23,666 KRW 58
P/B Multiple 15,745 KRW 20,993 KRW 26,241 KRW 55
EV/EBIT 27,316 KRW 35,690 KRW 44,063 KRW 53
EV/EBITDA 21,431 KRW 27,844 KRW 34,257 KRW 54
EV/Revenue 15,447 KRW 21,127 KRW 26,807 KRW 43
Asset-Based
NCAV (Graham) 3,499 KRW 4,688 KRW 6,998 KRW 50
Growth DCF
Growth DCF 22,449 KRW 44,451 KRW 87,483 KRW 80
Rev-Margin DCF 18,044 KRW 32,396 KRW 53,443 KRW 74
Economic Profit
Residual Income 12,555 KRW 16,994 KRW 107,136 KRW 61
ROIC Compounder 27,547 KRW 37,147 KRW 49,915 KRW 72
Growth Earnings
Growth-Adj P/E 29,817 KRW 42,596 KRW 55,375 KRW 68

Widest divergence: Growth Earnings (42,596 KRW) versus Asset-Based (4,688 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 451B KRW
Revenue growth (YoY) +13.8%
Net margin 12.6%
Return on equity 22.4%
Free cash flow 44.9B KRW FY2025
Operating margin 15.2%
More key figures
EPS growth (YoY) -16.2%
Net debt 14.6B KRW FY2024

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

Quality Score breakdown

Overall quality 68/100

Of which business quality 70 · Market factors (momentum, volatility) 22

Profitability 88
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 80
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

VT Co., Ltd. engages in the manufacture and distribution of cosmetics in South Korea and internationally. It also offers lithium sulfur batteries and electrode structure manufacturing devices; and hydrogen energy solutions, as well as laminating business. The company was formerly known as VT GMP Co.,Ltd. and changed its name to VT Co., Ltd. in July 2023.

Full company description

VT Co., Ltd. engages in the manufacture and distribution of cosmetics in South Korea and internationally. It also offers lithium sulfur batteries and electrode structure manufacturing devices; and hydrogen energy solutions, as well as laminating business. The company was formerly known as VT GMP Co.,Ltd. and changed its name to VT Co., Ltd. in July 2023. VT Co., Ltd. was founded in 1986 and is headquartered in Paju-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

VT Co reported revenue of 437B KRW in FY2025 versus 227B KRW in FY2021, a compound +17.8%/yr. Reported net income was 60.9B KRW in FY2025, compounding +42.2%/yr from FY2021.

Growth Quality 92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
437B KRW
Latest YoY
+1.3%
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.
+22.1%
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.
+32.4%
Avg. growth/yr (14Y) 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.
+15.4%
Revenue +17.8%/yr
FY21 227B KRW
FY22 240B KRW
FY23 296B KRW
FY24 432B KRW
FY25 437B KRW
Net income +42.2%/yr
FY21 14.9B KRW
FY22 11.1B KRW
FY23 27.3B KRW
FY24 98.0B KRW
FY25 60.9B KRW

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Cite: Fair Value Calculator (2026). "VT Co Fair Value". https://www.fairvalue-calculator.com/stock/018290

Peer Group

Business Equipment & Supplies · 75 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 68 · Top 25%
Fair Value upside +199% · Top 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 14% · Above median
Debt / equity 0.03× · Higher than median

Valuation Multiples vs Business Equipment & Supplies 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 100 · sector 33
FUTURE 69 · sector 20
PAST 90 · sector 20
HEALTH 98 · sector 98
DIVIDEND 0 · sector 50

Insider activity: 45/100

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 Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
GRG Banking Equipment Co 002152 ¥10.22 ¥9.65 -6%
Shanghai M&G Stationery Inc 603899 ¥22.55 ¥30.05 +33%
XGD Inc 300130 ¥19.30 ¥19.69 +2%
DOMS Industries Limited DOMS ₹2,242 ₹782.96 -65%
Hengbao Co 002104 ¥10.71 ¥2.09 -80%
Shaanxi Fenghuo Electronics Co 000561 ¥7.72 ¥1.75 -77%
Shenzhen Comix Group 002301 ¥7.44 ¥3.01 -60%
Shandong New Beiyang Information Technology Co 002376 ¥6.72 ¥2.10 -69%
Cashway Fintech Co 603106 ¥9.54 ¥1.68 -82%
Qingdao Hiron Commercial Cold Chain Co 603187 ¥12.58 ¥21.12 +68%

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Frequently asked questions

Is VT Co (018290) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 39,962 KRW versus a price of 13,380 KRW, about +199% (undervalued).
What is the fair value of 018290?
Our model-based fair value for VT Co is 39,962 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price is 13,380 KRW.
What is the quality score of 018290?
VT Co has a Quality Score of 68/100. 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 VT Co (018290)?
VT Co reported trailing-twelve-month revenue of about 451B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 018290?
The net profit margin of VT Co is about 12.6%, meaning it keeps roughly 12.6% 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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