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Farmsco (036580) Fair Value & Analysis

Consumer Defensive · KR · Market cap 95.3B KRW

F Farmsco 036580 · KO
Price2,535 KRW
Fair Value1,737 KRW
Upside-31.5%
Quality56/100
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Mixed Growth
Thin margins · 2.0% net margin
Low debt · generates free cash flow
1.78% dividend yield
Ranks above peers (6/10)
Narrow moat 41/100
Evidence: High Range 1,154 KRW – 2,442 KRW Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 6 days ago

Fair value updated Aug 13, 2026, revised from 1,804 KRW to 1,737 KRW (−3.7%) since Jul 22, 2026. Share price −9.9% over the past month.

A solid business, but screening 31% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (2,442 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (1,154 KRW to 2,442 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

8,418 KRW 1,877 KRW Fair Value 1,737 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 1,877 KRW – 8,418 KRW · fair‑value band 1,154 KRW – 2,442 KRW · the 2,535 KRW price screens above the 1,737 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.

Full chart & analysis →

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Analysis

Farmsco (036580) currently trades at 2,535 KRW, while our model-based Fair Value estimate is 1,737 KRW, implying the stock looks roughly 31.5% overvalued today. The Quality Score stands at 56/100 (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, Farmsco generated revenue of 1.6T KRW at a net margin of 2.0%. Revenue grew 6.6% year over year. It earns a return on equity of 17.2%. Net debt stands at 610B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1,154 KRW (bear case) to 2,442 KRW (bull case); at 2,535 KRW, the current price sits above 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 47% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at -31%, 036580 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 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 10,415 KRW 14,683 KRW 20,769 KRW 80
Residual Income 7,625 KRW 10,081 KRW 38,756 KRW 76
Rev-Margin DCF 17,531 KRW 28,892 KRW 41,757 KRW 74
All 24 models by family
DCF Models
FCF DCF 10,252 KRW 15,050 KRW 22,321 KRW 38
Owner Earnings 15,263 KRW 22,791 KRW 34,199 KRW 31
5Y Revenue Exit 17,531 KRW 29,086 KRW 43,976 KRW 39
5Y EBITDA Exit 21,993 KRW 37,389 KRW 55,428 KRW 41
5Y P/E Exit 15,158 KRW 24,669 KRW 34,628 KRW 38
10Y Revenue Exit 14,163 KRW 24,086 KRW 37,611 KRW 36
10Y EBITDA Exit 17,638 KRW 29,835 KRW 46,310 KRW 37
10Y P/E Exit 13,290 KRW 21,028 KRW 30,511 KRW 35
Earnings-Based
Graham-Dodd 7,948 KRW 24,092 KRW 31,955 KRW 54
Lynch FV 5,146 KRW 7,352 KRW 9,558 KRW 50
PEG = 1.0 5,146 KRW 7,352 KRW 9,558 KRW 46
EPV 18,903 KRW 21,813 KRW 24,359 KRW 59
Multiples
P/E Multiple 18,409 KRW 24,546 KRW 30,682 KRW 63
P/S Multiple 14,903 KRW 19,870 KRW 24,838 KRW 58
P/B Multiple 14,903 KRW 19,870 KRW 24,838 KRW 55
EV/EBIT 30,890 KRW 40,705 KRW 50,521 KRW 53
EV/EBITDA 31,685 KRW 41,766 KRW 51,847 KRW 54
EV/Revenue 22,460 KRW 31,467 KRW 40,474 KRW 43
Asset-Based
NCAV (Graham) 2,959 KRW 3,964 KRW 5,917 KRW 50
Growth DCF
Growth DCF 10,415 KRW 14,683 KRW 20,769 KRW 80
Rev-Margin DCF 17,531 KRW 28,892 KRW 41,757 KRW 74
Economic Profit
Residual Income 7,625 KRW 10,081 KRW 38,756 KRW 76
ROIC Compounder 19,818 KRW 24,009 KRW 28,477 KRW 72
Growth Earnings
Growth-Adj P/E 15,084 KRW 21,549 KRW 28,014 KRW 68

Widest divergence: Multiples (24,546 KRW) versus Asset-Based (3,964 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.6T KRW
Revenue growth (YoY) +6.6%
Net margin 2.0%
Return on equity 17.2%
Free cash flow 27.4B KRW FY2025
Operating margin 4.9%
More key figures
Dividend yield 1.8%
EPS growth (YoY) -93.0%
Net debt 610B KRW FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 51 · Market factors (momentum, volatility) 24

Profitability 54
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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

Farmsco, together with its subsidiaries, engages in the manufacture and sale of feeds in South Korea. It is also involved in livestock farming, slaughtering, processing, and storage activities; pig farming; dairy farming; and poultry farming; meat processing; solar energy generation; composting; fertilizer production; distribution of corn; and fresh food …

Full company description

Farmsco, together with its subsidiaries, engages in the manufacture and sale of feeds in South Korea. It is also involved in livestock farming, slaughtering, processing, and storage activities; pig farming; dairy farming; and poultry farming; meat processing; solar energy generation; composting; fertilizer production; distribution of corn; and fresh food distribution. The company was formerly known as Daesang Farmsco Co., Ltd. and changed its name to Farmsco in April 2009. The company was founded in 1973 and is headquartered in Anseong-si, South Korea. Farmsco is a subsidiary of Harim Holdings Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Farmsco reported revenue of 1.6T KRW in FY2025 versus 1.5T KRW in FY2021, a compound +0.3%/yr. Reported net income was 40.9B KRW in FY2025, compounding +91.0%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.6T 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.
−6.5%
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.
+3.1%
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.
+7.9%
Revenue +0.3%/yr
FY21 1.5T KRW
FY22 1.9T KRW
FY23 1.9T KRW
FY24 1.6T KRW
FY25 1.6T KRW
Net income +91.0%/yr
FY21 3.1B KRW
FY22 −32.8B KRW
FY23 −34.2B KRW
FY24 −70.7B KRW
FY25 40.9B KRW

036580 screens 31% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "Farmsco Fair Value". https://www.fairvalue-calculator.com/stock/036580

Peer Group

Packaged Foods · 658 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 56 · Above median
Fair Value upside −32% · Below median
Return on equity (TTM) 17% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 7% · Above median
Dividend yield (TTM) 2.0% · Below median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Packaged Foods 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 25
FUTURE33 · sector 19
PAST69 · sector 28
HEALTH97 · sector 96
DIVIDEND39 · sector 52

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.

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,507 ₹362.37 -76%
Britannia Industries Limited BRITANNIA ₹5,511 ₹1,765 -68%
Tata Consumer Products Limited TATACONSUM ₹1,062 ₹327.27 -69%
PT Indofood CBP Sukses Makmur Tbk ICBP 7,550 IDR 12,864 IDR +70%
Samyang Foods Co 003230 1,219,000 KRW 1,010,543 KRW -17%
Vietnam Dairy Products Joint Stock Company VNM 61,600 VND 52,858 VND -14%
Patanjali Foods Limited PATANJALI ₹350.95 ₹144.77 -59%
PT Mayora Indah Tbk, MYOR 1,650 IDR 2,699 IDR +64%
PT Cisarua Mountain Dairy Tbk CMRY 4,610 IDR 4,350 IDR -6%
Nongshim Co 004370 389,500 KRW 530,619 KRW +36%

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Frequently asked questions

Is Farmsco (036580) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1,737 KRW versus a price of 2,535 KRW, about −31% (overvalued).
What is the fair value of 036580?
Our model-based fair value for Farmsco is 1,737 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 2,535 KRW.
What is the quality score of 036580?
Farmsco has a Quality Score of 56/100. 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 Farmsco (036580)?
Farmsco reported trailing-twelve-month revenue of about 1.6T KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 036580?
The net profit margin of Farmsco is about 2.0%, meaning it keeps roughly 2.0% of revenue as net income. Based on the latest reported figures.
Does Farmsco pay a dividend?
Farmsco currently shows a dividend yield of about 1.95% relative to its recent price (as of Aug 13, 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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