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Ecoplastic Corporation (038110) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 80.7B KRW

EC Ecoplastic Corporation 038110 · KQ
Price2,010 KRW
Fair Value1,613 KRW
Upside-19.7%
Quality28/100
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Mixed Growth
Thin margins · 1.1% net margin
Moderate debt · negative free cash flow
1.94% dividend yield
Trails peers (2/9)
Narrow moat 21/100
Evidence: Medium Range 1,210 KRW – 2,017 KRW Share as image

Fair value as of: Jul 20, 2026

From 14 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 945.72 KRW to 1,613 KRW (+70.6%) since Jul 5, 2026. Share price −0.5% over the past month.

Below-average quality, and screening another 20% overvalued on our models.

What matters now

  • Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Our model range runs from 1,210 KRW (bear) to 2,017 KRW (bull), base 1,613 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 28/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

7,330 KRW 1,767 KRW Fair Value 1,613 KRW Mar 2021 Aug 2026

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 1,767 KRW – 7,330 KRW · fair‑value band 1,210 KRW – 2,017 KRW · the 2,010 KRW price screens above the 1,613 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.

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Analysis

Ecoplastic Corporation (038110) currently trades at 2,010 KRW, while our model-based Fair Value estimate is 1,613 KRW, implying the stock looks roughly 19.7% overvalued today. The Quality Score stands at 28/100 (below-average quality), in the Consumer Cyclical 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: medium).

Over the trailing twelve months, Ecoplastic Corporation generated revenue of 1.7T KRW at a net margin of 1.1%. Revenue grew 23.8% year over year. Net debt stands at 690B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 1,210 KRW (bear case) to 2,017 KRW (bull case); at 2,010 KRW, the current price sits within 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 61% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 51% fair-value upside, at -20%, 038110 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
Residual Income 6,031 KRW 5,534 KRW 3,898 KRW 76
ROIC Compounder 1,645 KRW 2,808 KRW 3,825 KRW 72
Growth-Adj P/E 650.53 KRW 929.32 KRW 1,208 KRW 68
All 14 models by family
Earnings-Based
Graham-Dodd 336.95 KRW 1,488 KRW 2,038 KRW 54
Lynch FV 385.37 KRW 550.52 KRW 715.68 KRW 50
PEG = 1.0 385.37 KRW 550.52 KRW 715.68 KRW 46
EPV 1,645 KRW 2,808 KRW 3,825 KRW 59
Multiples
P/E Multiple 817.61 KRW 1,090 KRW 1,363 KRW 63
P/S Multiple 631.79 KRW 842.38 KRW 1,053 KRW 58
P/B Multiple 631.79 KRW 842.38 KRW 1,053 KRW 55
EV/EBIT 6,679 KRW 10,683 KRW 14,686 KRW 53
EV/EBITDA 19,296 KRW 27,505 KRW 35,714 KRW 54
EV/Revenue 2,765 KRW 6,235 KRW 9,704 KRW 43
Asset-Based
NCAV (Graham) 4,477 KRW 5,999 KRW 8,953 KRW 50
Economic Profit
Residual Income 6,031 KRW 5,534 KRW 3,898 KRW 76
ROIC Compounder 1,645 KRW 2,808 KRW 3,825 KRW 72
Growth Earnings
Growth-Adj P/E 650.53 KRW 929.32 KRW 1,208 KRW 68

Widest divergence: Asset-Based (5,999 KRW) versus Earnings-Based (550.52 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.7T KRW
Revenue growth (YoY) +23.8%
Net margin 1.1%
Return on equity 570%
Free cash flow −148B KRW FY2025
Operating margin 1.5%
More key figures
Dividend yield 1.9%
Net debt 690B KRW FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 31 · Market factors (momentum, volatility) 11

Profitability 33
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 53
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

Ecoplastic Corporation engages in the research, development, production, and sale of auto plastic parts in South Korea. It offers bumpers; consoles, instrument panels, radiator grilles, tail gate garnishes, wheel covers, back panels, rear garnishes, and roof racks; and bumper, trim, lamp, engine part, and fuel tank molds.

Full company description

Ecoplastic Corporation engages in the research, development, production, and sale of auto plastic parts in South Korea. It offers bumpers; consoles, instrument panels, radiator grilles, tail gate garnishes, wheel covers, back panels, rear garnishes, and roof racks; and bumper, trim, lamp, engine part, and fuel tank molds. The company was founded in 1984 and is based in Gyeongju, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ecoplastic Corporation reported revenue of 2.6T KRW in FY2025 versus 1.5T KRW in FY2021, a compound +14.0%/yr. Reported net income was 2.0B KRW in FY2025, compounding −17.9%/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)
2.6T KRW
Latest YoY
+13.6%
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.
+12.0%
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.
+14.7%
Avg. growth/yr (20Y) 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.
+8.7%
Revenue +14.0%/yr
FY21 1.5T KRW
FY22 1.8T KRW
FY23 2.2T KRW
FY24 2.3T KRW
FY25 2.6T KRW
Net income −17.9%/yr
FY21 4.4B KRW
FY22 23.6B KRW
FY23 43.7B KRW
FY24 14.1B KRW
FY25 2.0B KRW

038110 screens 20% overvalued. Compare with ML →

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Cite: Fair Value Calculator (2026). "Ecoplastic Corporation Fair Value". https://www.fairvalue-calculator.com/stock/038110

Peer Group

Consumer Discretionary · 3552 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Automobiles & Auto Parts” was too small, so the broader sector is used.)

Quality Score 28 · Bottom 25%
Fair Value upside −20% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 24% · Top 25%
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.76× · Higher than 75% of peers

Valuation Multiples vs Consumer Discretionary median · lower = cheaper

EV/EBITDA 2.8× · 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.

VALUE 7 · sector 22
FUTURE 100 · sector 14
PAST 0 · sector 21
HEALTH 62 · sector 96
DIVIDEND 39 · sector 41

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 Automobiles & Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
ML ML €34.87 €37.91 +9%
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Ilji Technology Co 019540 6,180 KRW 4,911 KRW -21%
HRS Co 036640 4,715 KRW 8,615 KRW +83%
Mobase Co 101330 3,155 KRW 9,785 KRW +210%
Hanil Forging Industrial Co 024740 2,125 KRW 843.71 KRW -60%
Guyoung Technology Co 053270 1,909 KRW 1,235 KRW -35%
Seojin Automotive Co 122690 1,578 KRW 2,388 KRW +51%
CBI Co 013720 2,345 KRW 1,526 KRW -35%

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Frequently asked questions

Is Ecoplastic Corporation (038110) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 1,613 KRW versus a price of 2,010 KRW, about −20% (overvalued).
What is the fair value of 038110?
Our model-based fair value for Ecoplastic Corporation is 1,613 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 2,010 KRW.
What is the quality score of 038110?
Ecoplastic Corporation has a Quality Score of 28/100. 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 Ecoplastic Corporation (038110)?
Ecoplastic Corporation reported trailing-twelve-month revenue of about 1.7T KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 038110?
The net profit margin of Ecoplastic Corporation is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.
Does Ecoplastic Corporation pay a dividend?
Ecoplastic Corporation currently shows a dividend yield of about 1.94% relative to its recent price (as of Jul 20, 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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