EN DE

KT&G Corporation (033780) Fair Value & Analysis

Consumer Defensive · KR · Market cap 17.9T KRW

KG KT&G Corporation 033780 · KO
Price182,700 KRW
Fair Value119,073 KRW
Upside-34.8%
Quality68/100
Watch KT&G Corporation for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Solidly profitable · 17.9% net margin
Low debt · negative free cash flow
3.44% dividend yield
Mixed vs. peers (5/10)
Moderate moat 64/100
Evidence: High Range 86,441 KRW – 247,739 KRW Share as image

Fair value as of: Jul 16, 2026

From 15 valuation models · updated 22 days ago

Fair value updated Jul 16, 2026, revised from 117,295 KRW to 119,073 KRW (+1.5%) since Jul 6, 2026. Share price −0.4% over the past month.

A solid business, but screening 35% overvalued on our models.

What matters now

  • The model range is unusually wide (86,441 KRW to 247,739 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

189,000 KRW 61,533 KRW Fair Value 119,073 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 61,533 KRW – 189,000 KRW · fair‑value band 86,441 KRW – 247,739 KRW · the 182,700 KRW price screens above the 119,073 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

KT&G Corporation (033780) currently trades at 182,700 KRW, while our model-based Fair Value estimate is 119,073 KRW, implying the stock looks roughly 34.8% overvalued today. We read business quality at 68/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, KT&G Corporation generated revenue of 6.8T KRW at a net margin of 17.9%. Revenue grew 14.3% year over year. It earns a return on equity of 13.2%. Net debt stands at 872B KRW. Fundamentals as of Jul 16, 2026

Our scenario range runs from 86,441 KRW (bear case) to 247,739 KRW (bull case); at 182,700 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 4% below its 52-week high and 59% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 4% fair-value upside, at -35%, 033780 screens richer 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 BearBaseBull Evidence
Highest evidence
Residual Income 83,568 KRW 99,848 KRW 208,583 KRW 76
ROIC Compounder 88,271 KRW 111,428 KRW 141,594 KRW 72
Growth-Adj P/E 125,927 KRW 179,896 KRW 233,865 KRW 68
All 15 models by family
DCF Models
Owner Earnings 77,637 KRW 120,343 KRW 186,819 KRW 31
Earnings-Based
Graham-Dodd 71,404 KRW 198,158 KRW 260,352 KRW 54
Lynch FV 39,692 KRW 56,703 KRW 73,714 KRW 50
PEG = 1.0 39,692 KRW 56,703 KRW 73,714 KRW 46
EPV 88,271 KRW 104,048 KRW 118,071 KRW 59
Multiples
P/E Multiple 157,509 KRW 210,012 KRW 262,515 KRW 63
P/S Multiple 118,841 KRW 158,455 KRW 198,069 KRW 58
P/B Multiple 133,883 KRW 178,510 KRW 223,138 KRW 55
EV/EBIT 173,608 KRW 231,854 KRW 290,099 KRW 53
EV/EBITDA 152,558 KRW 203,786 KRW 255,015 KRW 54
EV/Revenue 109,790 KRW 157,326 KRW 204,863 KRW 43
Asset-Based
NCAV (Graham) 44,695 KRW 59,891 KRW 89,389 KRW 50
Economic Profit
Residual Income 83,568 KRW 99,848 KRW 208,583 KRW 76
ROIC Compounder 88,271 KRW 111,428 KRW 141,594 KRW 72
Growth Earnings
Growth-Adj P/E 125,927 KRW 179,896 KRW 233,865 KRW 68

Widest divergence: Growth Earnings (179,896 KRW) versus Earnings-Based (56,703 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 6.8T KRW
Revenue growth (YoY) +14.3%
Net margin 17.9%
Return on equity 13.2%
Free cash flow −97.4B KRW FY2025
Operating margin 21.4%
More key figures
Dividend yield 3.4%
EPS growth (YoY) +54.7%
Net debt 872B KRW FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 58 · Market factors (momentum, volatility) 74

Profitability 48
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 100
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

KT&G Corporation, together with its subsidiaries, engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally. It provides reconstituent tobacco sheets, red ginseng, red ginseng products, other health foods, food and beverage products, health functional food products, and cosmetic and related products.

Full company description

KT&G Corporation, together with its subsidiaries, engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally. It provides reconstituent tobacco sheets, red ginseng, red ginseng products, other health foods, food and beverage products, health functional food products, and cosmetic and related products. The company also offers leaf tobacco cultivation support services; and develops, manufactures, and distributes drugs, bio-pharmaceuticals, over-the-counter medicines, and medical supplies and equipment. In addition, it engages in the trading, real estate, leasing, and housing businesses. Further, the company engages in hotel development and management activities. The company was formerly known as Korea Tobacco and Ginseng Corporation and changed its name to KT&G Corporation in December 2002. KT&G Corporation was founded in 1987 and is headquartered in Daejeon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KT&G Corporation reported revenue of 6.6T KRW in FY2025 versus 5.2T KRW in FY2021, a compound +5.9%/yr. Reported net income was 1.1T KRW in FY2025, compounding +2.8%/yr from FY2021.

Growth Quality 45/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
6.6T KRW
Latest YoY
+11.4%
Avg. growth/yr (3Y)
+4.0%
Avg. growth/yr (5Y)
+4.4%
Avg. growth/yr (25Y)
+5.2%
Revenue +5.9%/yr
FY21 5.2T KRW
FY22 5.9T KRW
FY23 5.9T KRW
FY24 5.9T KRW
FY25 6.6T KRW
Net income +2.8%/yr
FY21 977B KRW
FY22 1.0T KRW
FY23 903B KRW
FY24 1.2T KRW
FY25 1.1T KRW

033780 screens 35% overvalued. Compare with Philip Morris International Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "KT&G Corporation Fair Value". https://www.fairvalue-calculator.com/stock/033780

Peer Group

Tobacco · 34 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 · Above median
Fair Value upside −35% · Below median
Return on equity (TTM) 13% · Above median
Return on assets 6% · Below median
Net margin (TTM) 18% · Above median
Operating margin (TTM) 21% · Above median
Revenue growth 14% · Above median
Dividend yield (TTM) 3.4% · Below median
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Tobacco median · lower = cheaper

PEG 3.72× · Pricier 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 0 · sector 36
FUTURE 72 · sector 17
PAST 53 · sector 44
HEALTH 94 · sector 99
DIVIDEND 69 · sector 74

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Tobacco

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Tobacco stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Philip Morris International Inc PM $188.93 $103.71 -45%
British American Tobacco p.l.c. BTI $60.02 $61.14 +2%
Altria Group MO $68.44 $81.81 +20%
ITC Limited ITC ₹281.75 ₹282.04 +0%
PT Hanjaya Mandala Sampoerna Tbk, HMSP 695.00 IDR 1,193 IDR +72%
Godfrey Phillips India Limited GODFRYPHLP ₹2,337 ₹1,194 -49%
PT Gudang Garam Tbk, GGRM 16,375 IDR 16,988 IDR +4%
TABAK TABAK 18,480 CZK 23,215 CZK +26%
China Tobacco International (HK) Company 6055 HK$23.00 HK$24.09 +5%
Universal Corporation UVV $53.14 $27.50 -48%

Compare KT&G Corporation with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Defensive stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is KT&G Corporation (033780) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 119,073 KRW versus a price of 182,700 KRW, about −35% (overvalued).
What is the fair value of 033780?
Our model-based fair value for KT&G Corporation is 119,073 KRW (as of Jul 16, 2026), built from audited fundamentals. The current price is 182,700 KRW.
What is the quality score of 033780?
KT&G Corporation has a Quality Score of 68/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of KT&G Corporation (033780)?
KT&G Corporation reported trailing-twelve-month revenue of about 6.8T KRW (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 033780?
The net profit margin of KT&G Corporation is about 17.9%, meaning it keeps roughly 17.9% of revenue as net income. Based on the latest reported figures.
Does KT&G Corporation pay a dividend?
KT&G Corporation currently shows a dividend yield of about 3.35% relative to its recent price (as of Jul 16, 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.

14 days Pro free · no card

Track KT&G Corporation and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.