Soulbrain Holdings Co. Ltd (036830) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Soulbrain Holdings Co. Ltd stock KRW 40,838, price KRW 33,200, upside +23.0%, quality 56 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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. As of Nov 5, 2026.
How to read this chart
60‑month range 18,250 KRW – 89,500 KRW · fair‑value band 30,628 KRW – 51,047 KRW · the 33,200 KRW price screens below the 40,838 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Soulbrain Holdings Co., Ltd. develops, manufactures, and supplies technology industry core materials for semiconductor, display, and secondary battery cell industries in South Korea and internationally.
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The company offers CVD/ALD materials, etchants and cleaning agents, hydrofluoric acid/buffered oxide etchants, chemical mechanical polishing slurries, and copper metalizing products; etchants, organic materials, and thin glasses; electrolytes and lead tabs; and LED process materials, solar cells, and electric vehicle electronic materials.
It also manufactures and sells AMOLED glass scribes and cells; optical films; phosphoric acid; resin black matrixes for LCD color filters and BOA/BCS negative organic insulators for LCD TFT; and cosmetics, as well as biosensors.
In addition, the company engages immunodiagnostics, specialty and veterinary diagnostics business; and funding for new technologies, corporate restructuring, and M&A brokerage and consultancy businesses.
Soulbrain Holdings Co., Ltd. was founded in 1986 and is headquartered in Seongnam-si, South Korea.
Stock analysis
Soulbrain Holdings Co. Ltd (036830) currently trades at 33,200 KRW, while our model-based Fair Value estimate is 40,838 KRW, implying the stock looks roughly 19% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 378,577 KRW per share, and 13 of the 26 models we run sit above the 33,200 KRW price.
Bear case: the Growth DCF group reads lowest at 20,740 KRW, and 13 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 30,628 KRW (bear) to 51,047 KRW (bull), the price of 33,200 KRW sits inside 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 56/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Soulbrain Holdings Co. Ltd reported revenue of 557B KRW in FY2025 versus 417B KRW in FY2021, a compound +7.5%/yr. Reported net income was 487B KRW in FY2025, compounding +98.4%/yr from FY2021.
Key figures
Market cap 683B KRW (≈ $501M) Small · P/E ratio 4.7 · P/S ratio 4.10 · EPS (TTM) 7,684 KRW · Dividend yield 1.5% · Net margin 87.6% · Return on equity 9.7% · Return on assets (EBIT) 4.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (medium confidence).
What moves the price
The share trades about 58% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −25% fair-value upside, at 23%, 036830 screens cheaper than that median.
Fair Value models
Bear30,628 KRWFair Value 40,838 KRWBull51,047 KRW
Price 33,200 KRW · Upside +23.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (6,141 KRW per share) are deliberately not added.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.Coverage ⓘCoverage = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.0%
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.
−0.5%
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.
+18.7%
Start year 2020 (pandemic). Over 10 years: −1.2% a year
Revenue growth 22 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.
+10.4%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+25.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.7%
Dividend (yield on the price)1.5%
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.14.1% vs 11.2%, steady
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.8% → 2%
2025 sits 681% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 14.5%/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.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+41.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +38.3% a year for the price.
Compare Soulbrain Holdings Co. Ltd with another stock
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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.Chemicals · 336 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+23.0% · Above median
Profitability
Return on equity (12 months)9.7% · Above median
Return on assets18.3% · Top 25%
Net margin (12 months)87.3% · Top 25%
Operating margin (12 months)15.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)40.0% · Top 25%
Dividend yield (12 months)1.5% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Chemicals median · lower = cheaper
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Is Soulbrain Holdings Co. Ltd (036830) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 40,838 KRW versus a price of 33,200 KRW, about +23% upside (undervalued).
What is the fair value of 036830?
Our model-based fair value for Soulbrain Holdings Co. Ltd is 40,838 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 33,200 KRW.
What is the quality score of 036830?
Soulbrain Holdings Co. Ltd 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 price target for Soulbrain Holdings Co. Ltd (036830)?
Our model-based price target is the fair value of 40,838 KRW (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 30,628 KRW, optimistic scenario 51,047 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Soulbrain Holdings Co. Ltd stock forecast for 2026?
Our models put fair value at 40,838 KRW, about +23% upside versus a price of 33,200 KRW (undervalued). Cautious scenario 30,628 KRW, optimistic scenario 51,047 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Soulbrain Holdings Co. Ltd (036830)?
Soulbrain Holdings Co. Ltd reported trailing-twelve-month revenue of about 666B KRW (latest available figure, as of Nov 5, 2026).
Does Soulbrain Holdings Co. Ltd pay a dividend?
Soulbrain Holdings Co. Ltd currently shows a dividend yield of 1.51% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Soulbrain Holdings Co. Ltd (036830) and when is the ex-dividend date?
Soulbrain Holdings Co. Ltd pays a dividend of 500.00 KRW per share a year, a dividend yield of 1.5%. The last ex-dividend date was Mar 30, 2026. The payout ratio is 6.5% of earnings. Free cash flow covers the dividend 1.18 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Soulbrain Holdings Co. Ltd (036830)?
For today's price to be fair in a discounted-cash-flow model, Soulbrain Holdings Co. Ltd would have to grow free cash flow by +41.1 % per year for five years (discount rate 13.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.8 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 036830 use?
Our models discount Soulbrain Holdings Co. Ltd at 13.7 %: a base by market capitalisation (small), damped by beta 1.69, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Soulbrain Holdings Co. Ltd that is +41.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.7 %) and the same formula as our fair value.
How much growth has Soulbrain Holdings Co. Ltd (036830) delivered so far?
Over the past 5 years revenue at Soulbrain Holdings Co. Ltd grew +18.8 % a year. The price currently implies free-cash-flow growth of +41.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Soulbrain Holdings Co. Ltd (036830) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Soulbrain Holdings Co. Ltd (+41.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Soulbrain Holdings Co. Ltd (036830)?
The free-cash-flow yield on the price is 1.81 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Soulbrain Holdings Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Soulbrain Holdings Co. Ltd (036830)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Soulbrain Holdings Co. Ltd it is 40,838 KRW per share (as of Nov 5, 2026), against a price of 33,200 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Soulbrain Holdings Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 036830 trades below its calculated fair value: price 33,200 KRW, fair value 40,838 KRW, a gap of about +23% (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 036830?
No. The price is what the market pays today (33,200 KRW); the fair value is what the company's own numbers justify (40,838 KRW). For Soulbrain Holdings Co. Ltd the two are 7,638 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Soulbrain Holdings Co. Ltd worth?
The market values Soulbrain Holdings Co. Ltd at about 683B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 33,200 KRW; our models calculate a fair value of 40,838 KRW per share.
What do the bullish and bearish scenarios say about 036830?
Our models span a range for Soulbrain Holdings Co. Ltd: cautious scenario 30,628 KRW, base 40,838 KRW, optimistic 51,047 KRW per share (as of Nov 5, 2026, price 33,200 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 036830?
Soulbrain Holdings Co. Ltd trades at a price-to-earnings ratio of 4.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 40,838 KRW is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 8.9. Other multiples: P/B 0.4, P/S 1.0, EV/EBITDA 6.7.
How solid is the balance sheet of Soulbrain Holdings Co. Ltd (036830)?
Balance-sheet figures for Soulbrain Holdings Co. Ltd (as of Nov 5, 2026): return on equity 9.7%, debt of 0.01 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 036830 from its 52-week high?
Soulbrain Holdings Co. Ltd trades at 33,200 KRW, about 58% below its 52-week high of 79,600 KRW and 23% above the low of 27,000 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 40,838 KRW is for.
Which stocks are comparable to Soulbrain Holdings Co. Ltd?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Dow Inc, Ningxia Baofeng Energy Group, 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 Soulbrain Holdings Co. Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 33,200 KRW, calculated fair value 40,838 KRW (+23%), Quality Score 56/100, from 26 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 036830 calculated?
We run Soulbrain Holdings Co. Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 40,838 KRW builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Soulbrain Holdings Co. Ltd currently trades 19% 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 Soulbrain Holdings Co. Ltd (036830)?
The closing price on Nov 6, 2026 was 33,200 KRW. Our model-based fair value is 40,838 KRW, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Soulbrain Holdings Co. Ltd right now?
Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Soulbrain Holdings Co. Ltd
How large is the market capitalisation of Soulbrain Holdings Co. Ltd (036830)?
The market capitalisation of Soulbrain Holdings Co. Ltd is 683B KRW (≈ $501M). 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 Soulbrain Holdings Co. Ltd (036830)?
The price-to-sales ratio of Soulbrain Holdings Co. Ltd is 4.10 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Soulbrain Holdings Co. Ltd (036830)?
Earnings per share at Soulbrain Holdings Co. Ltd are 7,684 KRW (price ÷ EPS = P/E 4.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Soulbrain Holdings Co. Ltd (036830)?
The dividend yield of Soulbrain Holdings Co. Ltd is 1.5% (payout 6.5%). 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 Soulbrain Holdings Co. Ltd (036830)?
The net margin of Soulbrain Holdings Co. Ltd is 87.6% (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 Soulbrain Holdings Co. Ltd (036830)?
The return on equity (ROE) of Soulbrain Holdings Co. Ltd is 9.7% (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 Soulbrain Holdings Co. Ltd (036830)?
On an EBIT basis the return on assets of Soulbrain Holdings Co. Ltd is 4.0% (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 Soulbrain Holdings Co. Ltd (036830)?
The operating margin of Soulbrain Holdings Co. Ltd is 15.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Soulbrain Holdings Co. Ltd (036830)?
Revenue at Soulbrain Holdings Co. Ltd is growing +40.0% versus a year earlier (3y avg −0.5%). 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 Soulbrain Holdings Co. Ltd (036830)?
Earnings per share at Soulbrain Holdings Co. Ltd are growing +378% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Soulbrain Holdings Co. Ltd (036830) carry?
The net debt of Soulbrain Holdings Co. Ltd is 1.7B KRW (fiscal year 2025, ≈ 0.1 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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Broad data
Nov 5, 2026