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EstechPharma Co (041910) Fair Value & Analysis

Healthcare · KR · Market cap 70.3B KRW

EC EstechPharma Co 041910 · KQ
Price5,670 KRW
Fair Value8,679 KRW
Upside+53.1%
Quality54/100
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Weak Growth
Thin margins · 1.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (4/8)
Moderate moat 45/100
Evidence: High Range 6,135 KRW – 9,753 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Share price −1.4% over the past month.

A solid business, screening 53% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (6,135 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

12,599 KRW 4,300 KRW Fair Value 8,679 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 4,300 KRW – 12,599 KRW · fair‑value band 6,135 KRW – 9,753 KRW · the 5,670 KRW price screens below the 8,679 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

EstechPharma Co (041910) currently trades at 5,670 KRW, while our model-based Fair Value estimate is 8,679 KRW, implying the stock looks roughly 53.1% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, EstechPharma Co generated revenue of 63.9B KRW at a net margin of 1.6%. Net debt stands at 23.2B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 6,135 KRW (bear case) to 9,753 KRW (bull case); at 5,670 KRW, the current price sits below 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 44% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -20% fair-value upside, at 53%, 041910 screens cheaper 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 7,210 KRW 9,780 KRW 14,042 KRW 80
Residual Income 8,783 KRW 8,764 KRW 8,121 KRW 76
Rev-Margin DCF 3,861 KRW 5,202 KRW 6,890 KRW 74
All 24 models by family
DCF Models
FCF DCF 6,937 KRW 9,589 KRW 14,320 KRW 38
Owner Earnings 6,635 KRW 9,176 KRW 13,708 KRW 31
5Y Revenue Exit 3,861 KRW 5,059 KRW 6,723 KRW 39
5Y EBITDA Exit 5,104 KRW 7,188 KRW 9,840 KRW 41
5Y P/E Exit 7,135 KRW 10,668 KRW 14,705 KRW 38
10Y Revenue Exit 4,911 KRW 6,143 KRW 7,484 KRW 36
10Y EBITDA Exit 5,745 KRW 7,555 KRW 9,573 KRW 37
10Y P/E Exit 6,996 KRW 9,861 KRW 12,835 KRW 35
Earnings-Based
Graham-Dodd 3,587 KRW 6,426 KRW 7,919 KRW 54
EPV 1,590 KRW 1,901 KRW 2,173 KRW 59
Dividend Discount
Gordon GGM 918.18 KRW 1,197 KRW 1,481 KRW 70
DDM Multi-Stage 918.18 KRW 1,253 KRW 1,657 KRW 61
Multiples
P/E Multiple 8,703 KRW 11,605 KRW 14,506 KRW 63
P/S Multiple 6,725 KRW 8,967 KRW 11,209 KRW 58
P/B Multiple 6,725 KRW 8,967 KRW 11,209 KRW 55
EV/EBIT 3,203 KRW 4,363 KRW 5,523 KRW 53
EV/EBITDA 4,677 KRW 6,329 KRW 7,981 KRW 54
EV/Revenue 2,206 KRW 3,271 KRW 4,336 KRW 43
Asset-Based
NCAV (Graham) 5,819 KRW 7,797 KRW 11,638 KRW 50
Growth DCF
Growth DCF 7,210 KRW 9,780 KRW 14,042 KRW 80
Rev-Margin DCF 3,861 KRW 5,202 KRW 6,890 KRW 74
Economic Profit
Residual Income 8,783 KRW 8,764 KRW 8,121 KRW 76
ROIC Compounder 1,590 KRW 1,901 KRW 2,173 KRW 72
Growth Earnings
Growth-Adj P/E 6,135 KRW 8,765 KRW 11,394 KRW 68

Widest divergence: Growth Earnings (8,765 KRW) versus Dividend Discount (1,197 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 63.9B KRW
Net margin 1.6%
Return on equity 482%
Free cash flow 8.3B KRW FY2025
Operating margin 4.9%
EPS growth (YoY) -43.0%
More key figures
Net debt 23.2B KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 18

Profitability 27
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 59
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

EstechPharma Co., Ltd. manufactures and sells pharmaceuticals products. It also offers raw materials, such as RBM and PLK. The company was formerly known as Estech Chemical and changed its name to EstechPharma Co., Ltd. in January 2001. EstechPharma Co., Ltd. was founded in 1996 and is headquartered in Hwaseong-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EstechPharma Co reported revenue of 55.5B KRW in FY2025 versus 60.4B KRW in FY2021, a compound −2.1%/yr. Reported net income was 6.2B KRW in FY2025, compounding −2.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
55.5B KRW
Latest YoY
−6.8%
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.
−3.6%
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.
−2.0%
Avg. growth/yr (12Y) 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.
+2.3%
Revenue −2.1%/yr
FY21 60.4B KRW
FY22 62.0B KRW
FY23 64.2B KRW
FY24 59.6B KRW
FY25 55.5B KRW
Net income −2.7%/yr
FY21 6.9B KRW
FY22 −6.4B KRW
FY23 3.8B KRW
FY24 3.9B KRW
FY25 6.2B KRW

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Cite: Fair Value Calculator (2026). "EstechPharma Co Fair Value". https://www.fairvalue-calculator.com/stock/041910

Peer Group

Pharmaceuticals · 25 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 54 · Above median
Fair Value upside +53% · Above median
Return on assets 2% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 0% · Below median
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Pharmaceuticals 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.

VALUE 100 · sector 6
FUTURE 0 · sector 60
PAST 100 · sector 0
HEALTH 89 · sector 96
DIVIDEND 0 · sector 28

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 Pharmaceuticals stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
GlaxoSmithKline Pharmaceuticals Limited 500660 ₹2,653 ₹1,471 -45%
Caregen Co 214370 62,700 KRW 7,277 KRW -88%
ST Pharm Co 237690 123,600 KRW 50,110 KRW -59%
Oscotec Inc 039200 31,050 KRW 25,062 KRW -19%
DongKook Pharmaceutical Co 086450 18,350 KRW 32,142 KRW +75%
Kolon Life Science Inc 102940 30,100 KRW 37,195 KRW +24%
Huons Global Co 084110 23,800 KRW 58,482 KRW +146%
BINEX Co 053030 6,350 KRW 1,844 KRW -71%
Anterogen.Co.,Ltd., a bio-venture company, 065660 16,810 KRW 4,741 KRW -72%
EURO EURO 1.09 PHP 0.8700 PHP -20%

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Frequently asked questions

Is EstechPharma Co (041910) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 8,679 KRW versus a price of 5,670 KRW, about +53% (undervalued).
What is the fair value of 041910?
Our model-based fair value for EstechPharma Co is 8,679 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 5,670 KRW.
What is the quality score of 041910?
EstechPharma Co has a Quality Score of 54/100. 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 EstechPharma Co (041910)?
EstechPharma Co reported trailing-twelve-month revenue of about 63.9B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 041910?
The net profit margin of EstechPharma Co is about 1.6%, meaning it keeps roughly 1.6% of revenue as net income. Based on the latest reported figures.

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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