Muhak Co. Ltd (033920) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Muhak Co. Ltd KRW 18,666, price KRW 7,330, upside +154.7%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Muhak Co. Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range 3,544 KRW – 9,851 KRW · fair‑value band 17,636 KRW – 20,303 KRW · the 7,330 KRW price screens below the 18,666 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
Follow Muhak Co. in your weekly email
Every Wednesday you see whether Muhak Co. is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Muhak Co., Ltd. manufactures and sells liquors in South Korea. It offers diluted shochu products, fruit liquors, and liqueurs. The company was founded in 1929 and is headquartered in Changwon-si, South Korea.
Stock analysis
Muhak Co. Ltd (033920) currently trades at 7,330 KRW, while our model-based Fair Value estimate is 18,666 KRW, implying the stock looks roughly 60.7% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 32,127 KRW per share, and 13 of the 13 models we run sit above the 7,330 KRW price.
Bear case: the Asset-Based group reads lowest at 14,985 KRW, and 0 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: 17,636 KRW (bear) to 20,303 KRW (bull), the price of 7,330 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 55/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Muhak Co. Ltd reported revenue of 144B KRW in FY2025 versus 127B KRW in FY2021, a compound +3.2%/yr. Reported net income was 50.3B KRW in FY2025.
Key figures
Market cap 194B KRW (≈ $145M) · P/S ratio 1.42 · Dividend yield 8.1% · Net margin 35.0% · Return on equity 5.5% · Return on assets (EBIT) 1.8% · Operating margin 6.4% · Revenue (TTM) 141B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 3% 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 155%, 033920 screens cheaper than that median.
Fair Value models
Bear 17,636 KRWFair Value 18,666 KRWBull 20,303 KRW
Price 7,330 KRW · Upside +154.7%
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.17/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−5.4%
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.
−2.0%
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.
+0.6%
Start year 2020 (pandemic). Over 10 years: −7.0% a year
Revenue growth 19 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.
+1.4%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+31.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.1%
Dividend (yield on the price)8.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.23.1% vs −1.4%, picking up
Profit margin 2020 to 2025 ⓘ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.2% → 7%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 6.5%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 91 stocks
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.
Is Muhak Co. Ltd (033920) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 18,666 KRW versus a price of 7,330 KRW, about +155% upside (undervalued).
What is the fair value of 033920?
Our model-based fair value for Muhak Co. Ltd is 18,666 KRW (as of Oct 2, 2026), built from audited fundamentals. The current price: 7,330 KRW.
What is the quality score of 033920?
Muhak Co. Ltd has a Quality Score of 55/100. 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 Muhak Co. Ltd (033920)?
Our model-based price target is the fair value of 18,666 KRW (as of Oct 2, 2026) from 13 valuation models. Cautious scenario 17,636 KRW, optimistic scenario 20,303 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Muhak Co. Ltd stock forecast for 2026?
Our models put fair value at 18,666 KRW, about +155% upside versus a price of 7,330 KRW (undervalued). Cautious scenario 17,636 KRW, optimistic scenario 20,303 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Muhak Co. Ltd (033920)?
Muhak Co. Ltd reported trailing-twelve-month revenue of about 141B KRW (latest available figure, as of Oct 2, 2026).
Does Muhak Co. Ltd pay a dividend?
Muhak Co. Ltd currently shows a dividend yield of about 8.13% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Muhak Co. Ltd (033920)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Muhak Co. Ltd it is 18,666 KRW per share (as of Oct 2, 2026), against a price of 7,330 KRW. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Muhak Co. Ltd stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 033920 trades below its calculated fair value: price 7,330 KRW, fair value 18,666 KRW, a gap of about +155% (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 033920?
No. The price is what the market pays today (7,330 KRW); the fair value is what the company's own numbers justify (18,666 KRW). For Muhak Co. Ltd the two are 11,336 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Muhak Co. Ltd worth?
The market values Muhak Co. Ltd at about 194B KRW (market capitalisation, as of Oct 2, 2026). Per share that is 7,330 KRW; our models calculate a fair value of 18,666 KRW per share.
What do the bullish and bearish scenarios say about 033920?
Our models span a range for Muhak Co. Ltd: cautious scenario 17,636 KRW, base 18,666 KRW, optimistic 20,303 KRW per share (as of Oct 2, 2026, price 7,330 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Muhak Co. Ltd (033920)?
Balance-sheet figures for Muhak Co. Ltd (as of Oct 2, 2026): return on equity 5.5%, debt of 0.02 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 033920 from its 52-week high?
Muhak Co. Ltd trades at 7,330 KRW, about 26% below its 52-week high of 9,851 KRW and 3% above the low of 7,112 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 18,666 KRW is for.
Which stocks are comparable to Muhak Co. Ltd?
From the same area (Consumer Defensive) we also value Kweichow Moutai Co, Wuliangye Yibin Co, Shanxi Xinghuacun Fen Wine Factory Co, Pernod Ricard SA, 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 Muhak Co. Ltd stock attractive at the current price?
The data as of Oct 2, 2026: price 7,330 KRW, calculated fair value 18,666 KRW (+155%), Quality Score 55/100, from 13 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 033920 calculated?
We run Muhak Co. Ltd through 13 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 18,666 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 14.9 % above its aggregate fair value. Muhak Co. Ltd currently trades 61 % 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 Muhak Co. Ltd (033920)?
The closing price on Oct 2, 2026 was 7,330 KRW. Our model-based fair value is 18,666 KRW, about +155% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Muhak Co. Ltd right now?
The price is below even our cautious bear case (17,636 KRW). The market is more pessimistic than our downside scenario. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Muhak Co. Ltd
How large is the market capitalisation of Muhak Co. Ltd (033920)?
The market capitalisation of Muhak Co. Ltd is 194B KRW (≈ $145M). 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 Muhak Co. Ltd (033920)?
The price-to-sales ratio of Muhak Co. Ltd is 1.42 (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 Muhak Co. Ltd (033920)?
The dividend yield of Muhak Co. Ltd is 8.1%. 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 Muhak Co. Ltd (033920)?
The net margin of Muhak Co. Ltd is 35.0% (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 Muhak Co. Ltd (033920)?
The return on equity (ROE) of Muhak Co. Ltd is 5.5% (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 Muhak Co. Ltd (033920)?
On an EBIT basis the return on assets of Muhak Co. Ltd is 1.8% (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 Muhak Co. Ltd (033920)?
The operating margin of Muhak Co. Ltd is 6.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Muhak Co. Ltd (033920)?
Revenue at Muhak Co. Ltd is growing −2.2% versus a year earlier (3y avg −2.0%). 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 Muhak Co. Ltd (033920)?
Earnings per share at Muhak Co. Ltd are growing +21.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Muhak Co. Ltd (033920) generate?
The free cash flow of Muhak Co. Ltd is −3.4B 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 Muhak Co. Ltd (033920) carry?
The net debt of Muhak Co. Ltd is 9.4B KRW (fiscal year 2023). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Muhak Co. Ltd in the live analysis
One click puts Muhak Co. Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
