EG Corporation (037370) Fair Value & Analysis
Basic Materials · KR · Market cap 25.4B KRW
Fair value as of: Jul 20, 2026
From 5 valuation models · updated 21 days ago
Fair value updated Jul 20, 2026, revised from 1,474 KRW to 1,453 KRW (−1.4%) since Jul 6, 2026. Share price +9.3% over the past month.
Below-average quality, and screening another 58% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (2,235 KRW). The favourable scenario is already priced in.
- 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 but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (1,026 KRW to 2,235 KRW) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.
How to read this chart
60‑month range 2,715 KRW – 26,850 KRW · fair‑value band 1,026 KRW – 2,235 KRW · the 3,425 KRW price screens above the 1,453 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.
Analysis
EG Corporation (037370) currently trades at 3,425 KRW, while our model-based Fair Value estimate is 1,453 KRW, implying the stock looks roughly 57.6% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Basic Materials 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: low).
Over the trailing twelve months, EG Corporation generated revenue of 63.5B KRW at a net margin of -1.6%. Revenue grew 4.8% year over year. It earns a return on equity of -32.4%. Net debt stands at 106B KRW. Fundamentals as of Jul 20, 2026
Our scenario range runs from 1,026 KRW (bear case) to 2,235 KRW (bull case); at 3,425 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 55% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -58%, 037370 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.
All 5 models by family
Widest divergence: Asset-Based (4,685 KRW) versus Dividend Discount (31.07 KRW). Highest evidence: Gordon GGM (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 12
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
037370 screens 58% overvalued. Compare with BASF SE →
Peer Group
Chemicals · 333 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.
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BASF SE BASN | 1,034 MXN | 532.13 MXN | -49% |
| Ningxia Baofeng Energy Group 600989 | ¥20.32 | ¥20.17 | -1% |
| Zhejiang Juhua Co 600160 | ¥42.85 | ¥23.35 | -46% |
| PT Barito Pacific Tbk, BRPT | 1,690 IDR | 1,628 IDR | -4% |
| LG Chem, Ltd 051910 | 260,500 KRW | 587,755 KRW | +126% |
| Formosa Chemicals & Fibre Corporation 1326 | 66.10 TWD | 6.79 TWD | -90% |
| PTT Global Chemical Public Company PTTGC | 35.50 THB | 18.21 THB | -49% |
| 542812 542812 | ₹4,369 | ₹791.05 | -82% |
| Indorama Ventures Public Company IVL | 24.50 THB | 17.95 THB | -27% |
| Navin Fluorine International Limited NAVINFLUOR | ₹8,650 | ₹2,146 | -75% |
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Frequently asked questions
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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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