Mhethanol Co. Ltd. (023150) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Mhethanol Co. Ltd. KRW 12,195, price KRW 4,065, upside +200.0%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 3,710 KRW – 13,351 KRW · fair‑value band 9,995 KRW – 15,026 KRW · the 4,065 KRW price screens below the 12,195 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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MH Ethanol Co.,Ltd. engages in the manufacture and sale of alcohol products in South Korea. The company was founded in 1978 and is headquartered in Changwon-si, South Korea.
Stock analysis
Mhethanol Co. Ltd. (023150) currently trades at 4,065 KRW, while our model-based Fair Value estimate is 12,195 KRW, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 39,697 KRW per share, and 14 of the 16 models we run sit above the 4,065 KRW price.
Bear case: the Dividend Discount group reads lowest at 3,252 KRW, and 2 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: 9,995 KRW (bear) to 15,026 KRW (bull), the price of 4,065 KRW sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Mhethanol Co. Ltd. reported revenue of 94.7B KRW in FY2025 versus 102B KRW in FY2021, a compound −1.9%/yr. Reported net income was −2.4B KRW in FY2025.
Key figures
Market cap 26.1B KRW (≈ $19.1M) · P/S ratio 0.28 · Dividend yield 6.2% · Net margin −2.5% · Return on equity −20.9% · Return on assets (EBIT) 4.1% · Operating margin 2.4% · Revenue (TTM) 94.0B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 34% fair-value upside, at 200%, 023150 screens cheaper than that median.
Fair Value models
Bear 9,995 KRWFair Value 12,195 KRWBull 15,026 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.28/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−5.7%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−5.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.0%
Start year 2020 (pandemic). Over 10 years: +6.5% a year
Revenue growth 18 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
16.7% (2020) → 10.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Beverages - Wineries & Distilleries · 98 stocks
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Is Mhethanol Co. Ltd. (023150) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 12,195 KRW versus a price of 4,065 KRW, about +200% upside (undervalued).
What is the fair value of 023150?
Our model-based fair value for Mhethanol Co. Ltd. is 12,195 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 4,065 KRW.
What is the quality score of 023150?
Mhethanol Co. Ltd. has a Quality Score of 54/100. 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 price target for Mhethanol Co. Ltd. (023150)?
Our model-based price target is the fair value of 12,195 KRW (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 9,995 KRW, optimistic scenario 15,026 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Mhethanol Co. Ltd. stock forecast for 2026?
Our models put fair value at 12,195 KRW, about +200% upside versus a price of 4,065 KRW (undervalued). Cautious scenario 9,995 KRW, optimistic scenario 15,026 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Mhethanol Co. Ltd. (023150)?
Mhethanol Co. Ltd. reported trailing-twelve-month revenue of about 94.0B KRW (latest available figure, as of Sep 24, 2026).
Does Mhethanol Co. Ltd. pay a dividend?
Mhethanol Co. Ltd. currently shows a dividend yield of about 6.15% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Mhethanol Co. Ltd. (023150)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mhethanol Co. Ltd. it is 12,195 KRW per share (as of Sep 24, 2026), against a price of 4,065 KRW. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Mhethanol Co. Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 023150 trades below its calculated fair value: price 4,065 KRW, fair value 12,195 KRW, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 023150?
No. The price is what the market pays today (4,065 KRW); the fair value is what the company's own numbers justify (12,195 KRW). For Mhethanol Co. Ltd. the two are 8,130 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Mhethanol Co. Ltd. worth?
The market values Mhethanol Co. Ltd. at about 26.1B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 4,065 KRW; our models calculate a fair value of 12,195 KRW per share.
What do the bullish and bearish scenarios say about 023150?
Our models span a range for Mhethanol Co. Ltd.: cautious scenario 9,995 KRW, base 12,195 KRW, optimistic 15,026 KRW per share (as of Sep 24, 2026, price 4,065 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mhethanol Co. Ltd. (023150)?
Balance-sheet figures for Mhethanol Co. Ltd. (as of Sep 24, 2026): return on equity −20.9%, debt of 0.06 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 023150 from its 52-week high?
Mhethanol Co. Ltd. trades at 4,065 KRW, about 23% below its 52-week high of 5,280 KRW and 10% above the low of 3,710 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 12,195 KRW is for.
Which stocks are comparable to Mhethanol Co. Ltd.?
From the same area (Consumer Defensive) we also value Kweichow Moutai Co, Wuliangye Yibin Co, Shanxi Xinghuacun Fen Wine Factory Co, Luzhou Laojiao Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Mhethanol Co. Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 4,065 KRW, calculated fair value 12,195 KRW (+200%), Quality Score 54/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 023150 calculated?
We run Mhethanol Co. Ltd. through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 12,195 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Mhethanol Co. Ltd. currently trades 200 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Mhethanol Co. Ltd. (023150)?
The closing price on Sep 23, 2026 was 4,065 KRW. Our model-based fair value is 12,195 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mhethanol Co. Ltd. right now?
The price is below even our cautious bear case (9,995 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Mhethanol Co. Ltd.
How large is the market capitalisation of Mhethanol Co. Ltd. (023150)?
The market capitalisation of Mhethanol Co. Ltd. is 26.1B KRW (≈ $19.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Mhethanol Co. Ltd. (023150)?
The price-to-sales ratio of Mhethanol Co. Ltd. is 0.28 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Mhethanol Co. Ltd. (023150)?
The dividend yield of Mhethanol Co. Ltd. is 6.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Mhethanol Co. Ltd. (023150)?
The net margin of Mhethanol Co. Ltd. is −2.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Mhethanol Co. Ltd. (023150)?
The return on equity (ROE) of Mhethanol Co. Ltd. is −20.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Mhethanol Co. Ltd. (023150)?
On an EBIT basis the return on assets of Mhethanol Co. Ltd. is 4.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Mhethanol Co. Ltd. (023150)?
The operating margin of Mhethanol Co. Ltd. is 2.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mhethanol Co. Ltd. (023150)?
Revenue at Mhethanol Co. Ltd. is growing −3.1% versus a year earlier (3y avg −5.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Mhethanol Co. Ltd. (023150)?
Earnings per share at Mhethanol Co. Ltd. are growing −26.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Mhethanol Co. Ltd. (023150) generate?
The free cash flow of Mhethanol Co. Ltd. is 18.8B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Mhethanol Co. Ltd. (023150) carry?
The net debt of Mhethanol Co. Ltd. is 59.8B KRW (fiscal year 2025, ≈ 3.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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