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Namhae Chemical Corporation (025860) Fair Value & Analysis

Basic Materials · KR · Market cap 288B KRW

NC Namhae Chemical Corporation 025860 · KO
Price5,880 KRW
Fair Value8,649 KRW
Upside+47.1%
Quality60/100
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Mixed Growth
Thin margins · 0.8% net margin
Low debt · generates free cash flow
1.57% dividend yield
Mixed vs. peers (4/10)
Narrow moat 27/100
Evidence: High Range 5,453 KRW – 10,812 KRW Share as image

Fair value as of: Jul 24, 2026

From 23 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 10,336 KRW to 8,649 KRW (−16.3%) since Jul 6, 2026. Share price +1.2% over the past month.

A solid business, screening 47% undervalued on our models.

What matters now

  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (5,453 KRW to 10,812 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

15,712 KRW 5,340 KRW Fair Value 8,649 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 5,340 KRW – 15,712 KRW · fair‑value band 5,453 KRW – 10,812 KRW · the 5,880 KRW price screens below the 8,649 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

Namhae Chemical Corporation (025860) currently trades at 5,880 KRW, while our model-based Fair Value estimate is 8,649 KRW, implying the stock looks roughly 47.1% undervalued today. The Quality Score stands at 60/100 (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: high), always confirm before acting.

Over the trailing twelve months, Namhae Chemical Corporation generated revenue of 1.7T KRW at a net margin of 0.8%. Revenue grew 12.6% year over year. It earns a return on equity of 2.0%. Net debt stands at 52.2B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 5,453 KRW (bear case) to 10,812 KRW (bull case); at 5,880 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 54% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -13% fair-value upside, at 47%, 025860 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 5,224 KRW 7,538 KRW 10,894 KRW 80
Residual Income 9,002 KRW 9,215 KRW 9,156 KRW 76
Rev-Margin DCF 6,831 KRW 11,000 KRW 15,496 KRW 74
All 23 models by family
DCF Models
FCF DCF 5,067 KRW 7,558 KRW 11,340 KRW 38
Owner Earnings 7,502 KRW 11,205 KRW 16,825 KRW 31
5Y Revenue Exit 6,831 KRW 10,998 KRW 16,208 KRW 39
5Y EBITDA Exit 8,254 KRW 13,552 KRW 19,551 KRW 41
5Y P/E Exit 6,247 KRW 9,948 KRW 13,676 KRW 38
10Y Revenue Exit 5,905 KRW 9,581 KRW 14,274 KRW 36
10Y EBITDA Exit 7,067 KRW 11,356 KRW 16,788 KRW 37
10Y P/E Exit 5,779 KRW 8,852 KRW 12,370 KRW 35
Earnings-Based
Graham-Dodd 4,134 KRW 10,261 KRW 13,301 KRW 54
PEG = 1.0 1,864 KRW 2,663 KRW 3,462 KRW 46
EPV 5,279 KRW 6,200 KRW 7,019 KRW 59
Multiples
P/E Multiple 7,752 KRW 10,336 KRW 12,920 KRW 63
P/S Multiple 7,752 KRW 10,336 KRW 12,920 KRW 58
P/B Multiple 7,752 KRW 10,336 KRW 12,920 KRW 55
EV/EBIT 9,504 KRW 12,652 KRW 15,800 KRW 53
EV/EBITDA 11,306 KRW 15,055 KRW 18,804 KRW 54
EV/Revenue 8,245 KRW 11,753 KRW 15,261 KRW 43
Asset-Based
NCAV (Graham) 5,729 KRW 7,677 KRW 11,459 KRW 50
Growth DCF
Growth DCF 5,224 KRW 7,538 KRW 10,894 KRW 80
Rev-Margin DCF 6,831 KRW 11,000 KRW 15,496 KRW 74
Economic Profit
Residual Income 9,002 KRW 9,215 KRW 9,156 KRW 76
ROIC Compounder 5,279 KRW 6,200 KRW 7,019 KRW 72
Growth Earnings
Growth-Adj P/E 6,068 KRW 8,668 KRW 11,268 KRW 68

Widest divergence: Multiples (10,336 KRW) versus Earnings-Based (6,200 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.7T KRW
Revenue growth (YoY) +12.6%
Net margin 0.8%
Return on equity 2.0%
Free cash flow 21.1B KRW FY2025
Operating margin 0.0%
More key figures
Dividend yield 1.6%
EPS growth (YoY) +3,442%
Net debt 52.2B KRW FY2025

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 58 · Market factors (momentum, volatility) 25

Profitability 43
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 8
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

Namhae Chemical Corporation produces and sells agricultural chemical in South Korea and internationally. It offers fertilizers; and basic chemical products, such as ammonia, sulfuric acid, and urea. The company also operates gas stations, as well as supplies petroleum products, such as gasoline, diesel, and kerosene. In addition, it exports its products.

Full company description

Namhae Chemical Corporation produces and sells agricultural chemical in South Korea and internationally. It offers fertilizers; and basic chemical products, such as ammonia, sulfuric acid, and urea. The company also operates gas stations, as well as supplies petroleum products, such as gasoline, diesel, and kerosene. In addition, it exports its products. The company was founded in 1974 and is headquartered in Yeosu-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Namhae Chemical Corporation reported revenue of 1.6T KRW in FY2025 versus 1.5T KRW in FY2021, a compound +2.5%/yr. Reported net income was 29.2B KRW in FY2025, compounding +7.7%/yr from FY2021.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.6T KRW
Latest YoY
+5.6%
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.
−9.6%
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.
+9.7%
Avg. growth/yr (25Y) 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.
+4.0%
Revenue +2.5%/yr
FY21 1.5T KRW
FY22 2.2T KRW
FY23 1.6T KRW
FY24 1.5T KRW
FY25 1.6T KRW
Net income +7.7%/yr
FY21 21.7B KRW
FY22 47.3B KRW
FY23 12.0B KRW
FY24 25.2B KRW
FY25 29.2B KRW

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Cite: Fair Value Calculator (2026). "Namhae Chemical Corporation Fair Value". https://www.fairvalue-calculator.com/stock/025860

Peer Group

Agricultural Inputs · 179 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 60 · Top 25%
Fair Value upside +47% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -0% · Bottom 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 1.6% · Below median
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Agricultural Inputs 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 21
FUTURE 63 · sector 37
PAST 8 · sector 24
HEALTH 97 · sector 97
DIVIDEND 31 · sector 33

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 Agricultural Inputs stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Corteva, Inc CTVA $86.07 $27.81 -68%
Nutrien Ltd NTR C$94.23 C$81.69 -13%
Qinghai Salt Lake Industry Co 000792 ¥24.93 ¥21.26 -15%
CF Industries Holdings CF $119.19 $161.00 +35%
SABIC Agri-Nutrients Company 2020 122.90 SAR 127.31 SAR +4%
Yara International ASA YAR kr 451.30 kr 67.25 -85%
Yunnan Yuntianhua Co 600096 ¥30.17 ¥42.12 +40%
Asia-potash International Investment (Guangzhou)Co.,Ltd., 000893 ¥42.59 ¥38.01 -11%
Coromandel International Limited COROMANDEL ₹2,034 ₹1,129 -44%
UPL Limited UPL ₹594.75 ₹387.06 -35%

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Frequently asked questions

Is Namhae Chemical Corporation (025860) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 8,649 KRW versus a price of 5,880 KRW, about +47% (undervalued).
What is the fair value of 025860?
Our model-based fair value for Namhae Chemical Corporation is 8,649 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 5,880 KRW.
What is the quality score of 025860?
Namhae Chemical Corporation has a Quality Score of 60/100. 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 Namhae Chemical Corporation (025860)?
Namhae Chemical Corporation reported trailing-twelve-month revenue of about 1.7T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 025860?
The net profit margin of Namhae Chemical Corporation is about 0.8%, meaning it keeps roughly 0.8% of revenue as net income. Based on the latest reported figures.
Does Namhae Chemical Corporation pay a dividend?
Namhae Chemical Corporation currently shows a dividend yield of about 1.42% 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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