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Chinyang Chemical Corporation (051630) Fair Value & Analysis

Basic Materials · KR · Market cap 36.7B KRW

CC Chinyang Chemical Corporation 051630 · KO
Price1,067 KRW
Fair Value718.88 KRW
Upside-32.6%
Quality33/100
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Weak Growth
Solidly profitable · 11.5% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 29/100
Evidence: Medium Range 539.16 KRW – 898.61 KRW Share as image

Fair value as of: Jul 22, 2026

From 11 valuation models · updated 19 days ago

Share price −40.6% over the past month.

Below-average quality, and screening another 33% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (898.61 KRW). The favourable scenario is already priced in.
  • Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

7,468 KRW 949.00 KRW Fair Value 718.88 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 949.00 KRW – 7,468 KRW · fair‑value band 539.16 KRW – 898.61 KRW · the 1,067 KRW price screens above the 718.88 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

Chinyang Chemical Corporation (051630) currently trades at 1,067 KRW, while our model-based Fair Value estimate is 718.88 KRW, implying the stock looks roughly 32.6% overvalued today. The Quality Score stands at 33/100 (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: medium).

Over the trailing twelve months, Chinyang Chemical Corporation generated revenue of 19.1B KRW at a net margin of 11.5%. Revenue grew 10.5% year over year. It earns a return on equity of 5.7%. Net debt stands at 11.7B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 539.16 KRW (bear case) to 898.61 KRW (bull case); at 1,067 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 70% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -33%, 051630 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
Residual Income 1,339 KRW 1,299 KRW 1,058 KRW 76
Gordon GGM 389.79 KRW 426.65 KRW 482.81 KRW 70
Growth-Adj P/E 384.10 KRW 548.72 KRW 713.34 KRW 68
All 11 models by family
DCF Models
Owner Earnings 712.71 KRW 1,209 KRW 2,128 KRW 31
Earnings-Based
Graham-Dodd 287.55 KRW 351.45 KRW 395.39 KRW 54
Dividend Discount
Gordon GGM 389.79 KRW 426.65 KRW 482.81 KRW 70
DDM Multi-Stage 389.79 KRW 489.06 KRW 628.19 KRW 61
Multiples
P/E Multiple 539.16 KRW 718.88 KRW 898.61 KRW 63
P/S Multiple 539.16 KRW 718.88 KRW 898.61 KRW 58
P/B Multiple 539.16 KRW 718.88 KRW 898.61 KRW 55
EV/EBITDA 128.73 KRW 54
Asset-Based
NCAV (Graham) 936.74 KRW 1,255 KRW 1,873 KRW 50
Economic Profit
Residual Income 1,339 KRW 1,299 KRW 1,058 KRW 76
Growth Earnings
Growth-Adj P/E 384.10 KRW 548.72 KRW 713.34 KRW 68

Widest divergence: Economic Profit (1,299 KRW) versus Earnings-Based (351.45 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 19.1B KRW
Revenue growth (YoY) +10.5%
Net margin 11.5%
Return on equity 5.7%
Free cash flow −1.1B KRW FY2025
Operating margin 2.1%
More key figures
EPS growth (YoY) +449%
Net debt 11.7B KRW FY2025

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

Quality Score breakdown

Overall quality 33/100

Of which business quality 32 · Market factors (momentum, volatility) 18

Profitability 17
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 40
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

Chinyang Chemical Corporation manufactures and sells chemical products in South Korea. It offers floor coverings for residential and commercial purposes; artificial leather for car seats, door trims, consoles, and headrest applications, as well as furniture; and tarpaulin for Drapery, windbreak, awning, simple tent, car shelter, beach umbrellas, livestock …

Full company description

Chinyang Chemical Corporation manufactures and sells chemical products in South Korea. It offers floor coverings for residential and commercial purposes; artificial leather for car seats, door trims, consoles, and headrest applications, as well as furniture; and tarpaulin for Drapery, windbreak, awning, simple tent, car shelter, beach umbrellas, livestock use, and various covers. The company was founded in 1963 and is headquartered in Ulsan, South Korea. ChinYang Chemical Corporation operates as a subsidiary of Jinyang Holdings Corp.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chinyang Chemical Corporation reported revenue of 18.6B KRW in FY2025 versus 34.8B KRW in FY2021, a compound −14.5%/yr. Reported net income was 896M KRW in FY2025.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
18.6B KRW
Latest YoY
−24.3%
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.
−13.9%
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.
−15.6%
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.
−10.5%
Revenue −14.5%/yr
FY21 34.8B KRW
FY22 29.1B KRW
FY23 28.3B KRW
FY24 24.5B KRW
FY25 18.6B KRW
Net income
FY21 −2.2B KRW
FY22 −1.1B KRW
FY23 −2.2B KRW
FY24 −4.5B KRW
FY25 896M KRW

051630 screens 33% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Chinyang Chemical Corporation Fair Value". https://www.fairvalue-calculator.com/stock/051630

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.

Quality Score 33 · Bottom 25%
Fair Value upside −33% · Below median
Return on equity (TTM) 6% · Above median
Return on assets -0% · Bottom 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 2% · Below median
Revenue growth 11% · Above median
Debt / equity 0.88× · Higher than 75% of peers

Valuation Multiples vs Chemicals median · lower = cheaper

EV/EBITDA 8.1× · Cheaper than 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 · sector 0
FUTURE 53 · sector 20
PAST 23 · sector 19
HEALTH 56 · sector 94
DIVIDEND 0 · sector 27

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.

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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 22, 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

Is Chinyang Chemical Corporation (051630) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 718.88 KRW versus a price of 1,067 KRW, about −33% (overvalued).
What is the fair value of 051630?
Our model-based fair value for Chinyang Chemical Corporation is 718.88 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,067 KRW.
What is the quality score of 051630?
Chinyang Chemical Corporation has a Quality Score of 33/100. 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 Chinyang Chemical Corporation (051630)?
Chinyang Chemical Corporation reported trailing-twelve-month revenue of about 19.1B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 051630?
The net profit margin of Chinyang Chemical Corporation is about 11.5%, meaning it keeps roughly 11.5% 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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