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EG Corporation (037370) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of EG Corporation KRW 6,621, price KRW 4,400, upside +50.5%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Basic Materials · KR · ISIN KR7037370004

EC Thin data Sep 24, 2026

EG Corporation

037370 · KQ

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value 6,621 KRW · Strongly undervalued (+50%)
!Quality 45/100
!Weak Growth (revenue 5y +6.8 %/yr)
!Loss-making · -1.6% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (3/9)
!Narrow moat 15/100
!Evidence only low, so the estimate is less certain
!Weak on future: 24 out of 100
!Weak on dividend: 2 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

26,850 KRW 2,715 KRW Fair Value 6,621 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 2,715 KRW – 26,850 KRW · fair‑value band 4,963 KRW – 9,472 KRW · the 4,400 KRW price screens below the 6,621 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

EG Corporation engages in iron oxide, ferrite powder, engineering, and trading businesses in South Korea. It produces and sells iron oxide for ferrite and pigments, as well as compound powders, such as ferrite powder, Ni-Zn, and electromagnetic blocks used for industrial material of soft or hard ferrite, and basic material of pigments.

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EG Corporation engages in iron oxide, ferrite powder, engineering, and trading businesses in South Korea. It produces and sells iron oxide for ferrite and pigments, as well as compound powders, such as ferrite powder, Ni-Zn, and electromagnetic blocks used for industrial material of soft or hard ferrite, and basic material of pigments. The company also provides plant engineering services for waste incineration, biomass and neo-renewable energy, waste heat recovery, gasification generating, storage and fuel supplement, and ash treatment plants; environmental plants; industrial plants comprising material handling equipment, waste preprocessing facilities, and dryer facilities; and offers dust removing, and carbon capture and storage services. In addition, it is involved in the research and development of non-carbon anode materials and nanoscale silicon powders, as well as solid oxide fuel cell anode materials, and solid hydrogen storage materials; and trading of scrap metal intermediate and H-beam steel products, as well as rare earth materials, such as molybdenum and vanadium. The company was formerly known as Samyang industry Co., ltd. and changed its name to EG Corporation in September 1999. EG Corporation was founded in 1987 and is headquartered in Gwangyang-si, South Korea.

Stock analysis

EG Corporation (037370) currently trades at 4,400 KRW, while our model-based Fair Value estimate is 6,621 KRW, implying the stock looks roughly 33.5% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of 8,003 KRW per share, and 2 of the 5 models we run sit above the 4,400 KRW price.

Bear case: the Multiples group reads lowest at 2,886 KRW, and 3 of the 5 models stay below the price. Evidence for this calculation is low.

Scenario range: 4,963 KRW (bear) to 9,472 KRW (bull), the price of 4,400 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 45/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

EG Corporation reported revenue of 62.8B KRW in FY2025 versus 95.7B KRW in FY2021, a compound −10.0%/yr. Reported net income was −1.2B KRW in FY2025.

Key figures

Market cap 37.9B KRW (≈ $27.9M) · P/S ratio 0.40 · Dividend yield 0.1% · Net margin −1.9% · Return on equity −32.4% · Return on assets (EBIT) −4.3% · Operating margin −5.2% · Revenue (TTM) 63.5B KRW.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 36% below its 52-week high and 62% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −27% fair-value upside, at 50%, 037370 screens cheaper than that median.

Fair Value models

Bear 4,963 KRW Fair Value 6,621 KRW Bull 9,472 KRW
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. 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.
Highest evidence
Owner Earnings 5,835 KRW 8,003 KRW 11,895 KRW 76
Gordon GGM 27.15 KRW 29.59 KRW 33.28 KRW 69
DDM Multi-Stage 27.15 KRW 33.55 KRW 42.29 KRW 67
All 5 models by family
DCF Models
Owner Earnings 5,835 KRW 8,003 KRW 11,895 KRW 76
Dividend Discount
Gordon GGM 27.15 KRW 29.59 KRW 33.28 KRW 69
DDM Multi-Stage 27.15 KRW 33.55 KRW 42.29 KRW 67
Multiples
EV/EBITDA 2,141 KRW 2,886 KRW 3,630 KRW 67
Asset-Based
NCAV (Graham) 3,496 KRW 4,685 KRW 6,992 KRW 54

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Quality Score breakdown

Overall quality 45/100

Of which business quality 42 · Market factors (momentum, volatility) 30

Profitability 14
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 28
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 21/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−3.8%
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.
−3.7%
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.
+6.8%
Start year 2020 (pandemic). Over 10 years: −8.4% a year
Revenue growth 16 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.
+2.4%
Profit margin (trend) ⓘ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.
−11.4% (2020) → −3.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Compare EG Corporation 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 · 352 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 45 · Below median
Fair Value upside +51% · Top 25%
Profitability
Return on assets −1% · Bottom 25%
Net margin (TTM) −2% · Bottom 25%
Operating margin (TTM) −5% · Bottom 25%
Growth and dividend
Revenue growth 5% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Balance sheet
Debt / equity 0.07× · Below median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 1
FUTURE (revenue growth)24 · sector 23
PAST (return on equity)0 · sector 19
HEALTH (low debt)97 · sector 94
DIVIDEND (yield)2 · sector 32

Context: sector, industry, market

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

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
BASF SE BAS €51.79 €23.76 −54%
Saudi Basic Industries Corporation 2010 47.90 SAR 24.66 SAR −49%
Ningxia Baofeng Energy Group 600989 ¥23.21 ¥40.44 +74%
Dow Inc DOW $28.65 $21.03 −27%
Zhejiang Juhua Co 600160 ¥34.61 ¥19.88 −43%
Rongsheng Petrochemical Co 002493 ¥13.13 ¥2.90 −78%
Zangge Mining Company 000408 ¥73.50 ¥80.85 +10%
Hengli Petrochemical Co 600346 ¥16.54 ¥43.28 +162%
LG Chem, Ltd 051910 252,500 KRW 587,755 KRW +133%
Sinoma Science & Technology Co 002080 ¥62.50 ¥21.98 −65%

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EG Corporation · Fair Value
6,621 KRW +34%Fair Value
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Cite: Fair Value Calculator (2026). "EG Corporation Fair Value". https://www.fairvalue-calculator.com/stock/037370

Frequently asked questions

Is EG Corporation (037370) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6,621 KRW versus a price of 4,400 KRW, about +50% upside (undervalued).
What is the fair value of 037370?
Our model-based fair value for EG Corporation is 6,621 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 4,400 KRW.
What is the quality score of 037370?
EG Corporation has a Quality Score of 45/100. 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 EG Corporation (037370)?
Our model-based price target is the fair value of 6,621 KRW (as of Sep 24, 2026) from 5 valuation models. Cautious scenario 4,963 KRW, optimistic scenario 9,472 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the EG Corporation stock forecast for 2026?
Our models put fair value at 6,621 KRW, about +50% upside versus a price of 4,400 KRW (undervalued). Cautious scenario 4,963 KRW, optimistic scenario 9,472 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of EG Corporation (037370)?
EG Corporation reported trailing-twelve-month revenue of about 63.5B KRW (latest available figure, as of Sep 24, 2026).
Does EG Corporation pay a dividend?
EG Corporation currently shows a dividend yield of about 0.11% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of EG Corporation (037370)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EG Corporation it is 6,621 KRW per share (as of Sep 24, 2026), against a price of 4,400 KRW. It is the blended result of 5 valuation models (cash flow, earnings, asset, dividend).
Is EG Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 037370 trades below its calculated fair value: price 4,400 KRW, fair value 6,621 KRW, a gap of about +50% (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 037370?
No. The price is what the market pays today (4,400 KRW); the fair value is what the company's own numbers justify (6,621 KRW). For EG Corporation the two are 2,221 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is EG Corporation worth?
The market values EG Corporation at about 37.9B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 4,400 KRW; our models calculate a fair value of 6,621 KRW per share.
What do the bullish and bearish scenarios say about 037370?
Our models span a range for EG Corporation: cautious scenario 4,963 KRW, base 6,621 KRW, optimistic 9,472 KRW per share (as of Sep 24, 2026, price 4,400 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of EG Corporation (037370)?
Balance-sheet figures for EG Corporation (as of Sep 24, 2026): return on equity −32.4%, debt of 0.07 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 037370 from its 52-week high?
EG Corporation trades at 4,400 KRW, about 36% below its 52-week high of 6,850 KRW and 62% above the low of 2,715 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 6,621 KRW is for.
Which stocks are comparable to EG Corporation?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Ningxia Baofeng Energy Group, Dow Inc, 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 EG Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 4,400 KRW, calculated fair value 6,621 KRW (+50%), Quality Score 45/100, from 5 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 037370 calculated?
We run EG Corporation through 5 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 6,621 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 14.0 % above its aggregate fair value. EG Corporation currently trades 50 % 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 EG Corporation (037370)?
The closing price on Sep 23, 2026 was 4,400 KRW. Our model-based fair value is 6,621 KRW, about +50% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EG Corporation right now?
The price is below even our cautious bear case (4,963 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (4,963 KRW to 9,472 KRW) leaves room in how you read the outcome.

Key figures of EG Corporation

How large is the market capitalisation of EG Corporation (037370)?
The market capitalisation of EG Corporation is 37.9B KRW (≈ $27.9M). 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 EG Corporation (037370)?
The price-to-sales ratio of EG Corporation is 0.40 (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 EG Corporation (037370)?
The dividend yield of EG Corporation is 0.1%. 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 EG Corporation (037370)?
The net margin of EG Corporation is −1.9% (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 EG Corporation (037370)?
The return on equity (ROE) of EG Corporation is −32.4% (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 EG Corporation (037370)?
On an EBIT basis the return on assets of EG Corporation is −4.3% (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 EG Corporation (037370)?
The operating margin of EG Corporation is −5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EG Corporation (037370)?
Revenue at EG Corporation is growing +4.8% versus a year earlier (3y avg −3.7%). 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 EG Corporation (037370)?
Earnings per share at EG Corporation are growing −80.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does EG Corporation (037370) generate?
The free cash flow of EG Corporation is −5.8B 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 EG Corporation (037370) carry?
The net debt of EG Corporation is 106B KRW (fiscal year 2025). 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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