Okong Corporation (045060) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Okong Corporation KRW 4,498, price KRW 2,090, upside +115.2%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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 1,979 KRW – 4,966 KRW · fair‑value band 3,071 KRW – 5,911 KRW · the 2,090 KRW price screens below the 4,498 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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Okong Corporation engages in the manufacture and sale of various adhesives in South Korea and internationally.
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Okong Corporation engages in the manufacture and sale of various adhesives in South Korea and internationally. The company offers water-based adhesives for wooden plywood/interior, paper craft, glued laminated timber, PVC sheet, paper, laminating paper, packaging, cigarette, flame retardant binder, and mortar binder works, as well as woodworking; and solvent-based adhesives for rubber-based adhesive, spray type, synthetic resins, and insulator works. It also provides hot melt sticks, packaging hot melt, hot melt for car, and other hot melts; sealants, including construction silicon sealants, silicon sealant for electrical and electronic use, bath interior silicone sealants, tubular sealants, acrylic sealants, butyl sealants, and multipurpose sealants; ceramic tile adhesives, such as interior tile, powder tile, and epoxy adhesives; PVC flooring adhesives; and other adhesives comprising PU foam, wax/compound, and super glue. In addition, the company offers packaging products, including stretch films, protective tapes, and gloves; OPP, double-sided, aluminium, cloth, and PVC tapes; floor maintenance products, such as nonwoven fabrics, wood fixes, floor cover sheets, and transparent caps; and other DIY products comprising sticker removers, waterproofing products, gap fillers, rust removers, and super glue removers. It offers its products under the OKONG BOND brand. The company was founded in 1962 and is headquartered in Incheon, South Korea.
Stock analysis
Okong Corporation (045060) currently trades at 2,090 KRW, while our model-based Fair Value estimate is 4,498 KRW, implying the stock looks roughly 53.5% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 5,599 KRW per share, and 22 of the 23 models we run sit above the 2,090 KRW price.
Bear case: the Growth DCF group reads lowest at 2,572 KRW, and 1 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: 3,071 KRW (bear) to 5,911 KRW (bull), the price of 2,090 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 56/100 (solid quality), in the Basic Materials sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Okong Corporation reported revenue of 160B KRW in FY2025 versus 170B KRW in FY2021, a compound −1.5%/yr. Reported net income was 5.6B KRW in FY2025, compounding −11.9%/yr from FY2021.
Key figures
Market cap 35.4B KRW (≈ $26.0M) · P/S ratio 0.23 · Dividend yield 2.4% · Net margin 3.5% · Return on equity 5.2% · Return on assets (EBIT) 6.1% · Operating margin 3.8% · Revenue (TTM) 164B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −40% fair-value upside, at 115%, 045060 screens cheaper than that median.
Fair Value models
Bear 3,071 KRWFair Value 4,498 KRWBull 5,911 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.
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.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−1.8%
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.
−2.1%
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.
+1.2%
Start year 2020 (pandemic). Over 10 years: +1.6% 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.
+4.6%
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What shareholders gained per year (last 5 years), in KRW ⓘ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. 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.
−4.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.4%
Dividend (yield on the price)2.4%
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.−6% vs −2%, slowing
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.7% → 4%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 2.2%/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
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Price, fair value, quality and upside side by side.
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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.Specialty Chemicals · 713 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+115% · Top 25%
Profitability
Return on equity (TTM)5% · Below median
Return on assets3% · Below median
Net margin (TTM)4% · Below median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth11% · Above median
Dividend yield (TTM)2.4% · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Okong Corporation Fair Value". https://www.fairvalue-calculator.com/stock/045060
Frequently asked questions
Is Okong Corporation (045060) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 4,498 KRW versus a price of 2,090 KRW, about +115% upside (undervalued).
What is the fair value of 045060?
Our model-based fair value for Okong Corporation is 4,498 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,090 KRW.
What is the quality score of 045060?
Okong Corporation 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 Okong Corporation (045060)?
Our model-based price target is the fair value of 4,498 KRW (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 3,071 KRW, optimistic scenario 5,911 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Okong Corporation stock forecast for 2026?
Our models put fair value at 4,498 KRW, about +115% upside versus a price of 2,090 KRW (undervalued). Cautious scenario 3,071 KRW, optimistic scenario 5,911 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Okong Corporation (045060)?
Okong Corporation reported trailing-twelve-month revenue of about 164B KRW (latest available figure, as of Sep 24, 2026).
Does Okong Corporation pay a dividend?
Okong Corporation currently shows a dividend yield of about 2.39% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Okong Corporation (045060)?
For today's price to be fair in a discounted-cash-flow model, Okong Corporation would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 045060 use?
Our models discount Okong Corporation at 8.9 %: a base by market capitalisation (nano), damped by beta 0.41, 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 Okong Corporation that is less than minus 40 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Okong Corporation (045060) delivered so far?
Over the past 5 years revenue at Okong Corporation grew +1.2 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a 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 Okong Corporation (045060) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Okong Corporation (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Okong Corporation (045060)?
The free-cash-flow yield on the price is 5.89 %: that much free cash flow Okong Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Okong Corporation (045060)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Okong Corporation it is 4,498 KRW per share (as of Sep 24, 2026), against a price of 2,090 KRW. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Okong Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 045060 trades below its calculated fair value: price 2,090 KRW, fair value 4,498 KRW, a gap of about +115% (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 045060?
No. The price is what the market pays today (2,090 KRW); the fair value is what the company's own numbers justify (4,498 KRW). For Okong Corporation the two are 2,408 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Okong Corporation worth?
The market values Okong Corporation at about 35.4B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 2,090 KRW; our models calculate a fair value of 4,498 KRW per share.
What do the bullish and bearish scenarios say about 045060?
Our models span a range for Okong Corporation: cautious scenario 3,071 KRW, base 4,498 KRW, optimistic 5,911 KRW per share (as of Sep 24, 2026, price 2,090 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Okong Corporation (045060)?
Balance-sheet figures for Okong Corporation (as of Sep 24, 2026): return on equity 5.2%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 045060 from its 52-week high?
Okong Corporation trades at 2,090 KRW, about 17% below its 52-week high of 2,515 KRW and 6% above the low of 1,979 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 4,498 KRW is for.
Which stocks are comparable to Okong Corporation?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, 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 Okong Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 2,090 KRW, calculated fair value 4,498 KRW (+115%), Quality Score 56/100, from 23 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 045060 calculated?
We run Okong Corporation through 23 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 4,498 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 13.0 % above its aggregate fair value. Okong Corporation currently trades 115 % 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 Okong Corporation (045060)?
The closing price on Sep 23, 2026 was 2,090 KRW. Our model-based fair value is 4,498 KRW, about +115% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Okong Corporation right now?
The price is below even our cautious bear case (3,071 KRW). The market is more pessimistic than our downside scenario. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (3,071 KRW to 5,911 KRW) leaves room in how you read the outcome.
Key figures of Okong Corporation
How large is the market capitalisation of Okong Corporation (045060)?
The market capitalisation of Okong Corporation is 35.4B KRW (≈ $26.0M). 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 Okong Corporation (045060)?
The price-to-sales ratio of Okong Corporation is 0.23 (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 Okong Corporation (045060)?
The dividend yield of Okong Corporation is 2.4%. 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 Okong Corporation (045060)?
The net margin of Okong Corporation is 3.5% (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 Okong Corporation (045060)?
The return on equity (ROE) of Okong Corporation is 5.2% (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 Okong Corporation (045060)?
On an EBIT basis the return on assets of Okong Corporation is 6.1% (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 Okong Corporation (045060)?
The operating margin of Okong Corporation is 3.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Okong Corporation (045060)?
Revenue at Okong Corporation is growing +11.1% versus a year earlier (3y avg −2.1%). 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 Okong Corporation (045060)?
Earnings per share at Okong Corporation are growing +78.7% versus a year earlier. How much earnings per share grew versus a year earlier.
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