EN DE

Next Bt Co. Ltd (065170) Fair Value & Analysis

Consumer Defensive · KR · Market cap 83.0B KRW (≈ $58.1M) · ISIN KR7065170003

NB Next Bt Co. Ltd 065170 · KQ
Price2,190 KRW
Fair Value222.95 KRW
Upside-89.8%
Quality44/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

Watch Next Bt Co. Ltd for free, get notified when fair value or trend changes. Watch for free

Risks

!Trades 882% ABOVE our fair value of 222.95 KRW
!Weak Growth (revenue 5y −37.0 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
Weak Growth (revenue 5y −37.0 %/yr)
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (2/9)
Narrow moat 34/100
Evidence: Low Range 155.47 KRW – 290.43 KRW Share as image

Fair value as of: Aug 30, 2026

From 6 valuation models · updated today

Share price +0.5% over the past month.

Below-average quality, and trading another 882% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Track Next Bt Co. Ltd and get told automatically when its fair value or trend turns, plus fair value for all 35,000+ stocks. 14 days of Pro free, no card. Track it free

What matters now

  • The price sits above even our optimistic bull case (290.43 KRW). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (155.47 KRW to 290.43 KRW) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

6,850 KRW 419.00 KRW Fair Value 222.95 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range 419.00 KRW – 6,850 KRW · fair‑value band 155.47 KRW – 290.43 KRW · the 2,190 KRW price screens above the 222.95 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Next Bt Co. Ltd (065170) currently trades at 2,190 KRW, while our model-based Fair Value estimate is 222.95 KRW, implying the stock looks roughly 89.8% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Consumer Defensive 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).

Trailing-twelve-month revenue stands at 5.0B KRW. Revenue declined 49.2% year over year. It earns a return on equity of -91.0%. Net debt stands at 1.3B KRW. Fundamentals as of Aug 30, 2026

Our scenario range runs from 155.47 KRW (bear case) to 290.43 KRW (bull case); at 2,190 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 73% below its 52-week high, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at -90%, 065170 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
ROIC Compounder 213.60 KRW 214.26 KRW 214.84 KRW 72
EPV 213.60 KRW 214.26 KRW 214.84 KRW 59
EV/EBITDA 412.09 KRW 479.56 KRW 547.04 KRW 54
All 6 models by family
Earnings-Based
EPV 213.60 KRW 214.26 KRW 214.84 KRW 59
Multiples
EV/EBIT 220.23 KRW 223.75 KRW 227.27 KRW 53
EV/EBITDA 412.09 KRW 479.56 KRW 547.04 KRW 54
EV/Revenue 217.20 KRW 220.43 KRW 223.67 KRW 43
Asset-Based
NCAV (Graham) 141.45 KRW 189.54 KRW 282.90 KRW 50
Economic Profit
ROIC Compounder 213.60 KRW 214.26 KRW 214.84 KRW 72

Widest divergence: Multiples (223.75 KRW) versus Asset-Based (189.54 KRW). Highest evidence: ROIC Compounder (72).

Notify me when 065170 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

P/S ratio 16.5 TTM
Return on equity -91.0% TTM
Return on assets (EBIT) -11.1% avg 5y
Operating margin 65.1% TTM
Revenue (TTM) 5.0B KRW TTM
Revenue growth (YoY) -49.2% 3y avg -56.8%
More key figures
Growth
EPS growth (YoY) +556%
Balance sheet & cash flow
Free cash flow −291M KRW FY2025
Net debt 1.3B KRW FY2024

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 38 · Market factors (momentum, volatility) 37

Profitability 11
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 90
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

BL Pharmtech Corp. manufactures, retails, imports, and exports health functional foods in South Korea. It is also involved in biotechnology business, as well as manufacture of cosmetics. The company was formerly known as Next BT Co., Ltd. BL Pharmtech Corp. was founded in 1995 and is headquartered in Yongin-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Next Bt Co. Ltd reported revenue of 6.5B KRW in FY2025 versus 84.4B KRW in FY2021, a compound −47.3%/yr. Reported net income was −16.8B KRW in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
6.5B KRW
Latest YoY
−26.1%
Avg. revenue 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.
−56.8%
Avg. revenue 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.
−37.0%
Avg. revenue growth/yr (17Y) 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.
−13.2%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −47.3%/yr
FY21 84.4B KRW
FY22 80.6B KRW
FY23 24.5B KRW
FY24 8.8B KRW
FY25 6.5B KRW
Net income
FY21 −20.2B KRW
FY22 −13.9B KRW
FY23 −149M KRW
FY24 −5.7B KRW
FY25 −16.8B KRW

065170 screens 90% overvalued. Compare with Sysco Corporation →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Next Bt Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/065170

Peer Group

Food Distribution · 83 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 44 · Bottom 25%
Fair Value upside −90% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 65% · Top 25%
Revenue growth -49% · Bottom 25%
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Food Distribution median · lower = cheaper

P/S (TTM) 0.01× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 17
FUTURE0 · sector 12
PAST0 · sector 33
HEALTH92 · sector 95
DIVIDEND0 · sector 47

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

Similar stocks

10 more Food Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

Stock Price Fair Value vs Fair Value
Sysco Corporation SYY $81.94 $59.83 -27%
US Foods Holding USFD $107.78 $53.53 -50%
Performance Food Group PFGC $107.25 $37.94 -65%
Jerónimo Martins, SGPS, S.A JMT €16.94 €21.59 +27%
CP Axtra Public Company CPAXT 14.80 THB 17.42 THB +18%
The Chefs' Warehouse, Inc CHEF $111.07 $37.27 -66%
Olam Group VC2 1.34 SGD 2.12 SGD +58%
United Natural Foods, Inc UNFI $47.98 $6.00 -87%
The Andersons, Inc ANDE $64.56 $47.78 -26%
Metcash Limited MTS A$2.95 A$5.33 +81%

Compare Next Bt Co. Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Defensive stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Discover undervalued stocks

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Fama-French 3-Factor Model Calculator Run the Fama-French 3-factor model in seconds: expected return from the market, size and value factors - free, with formula, betas and an example. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Next Bt Co. Ltd (065170) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of 222.95 KRW versus a price of 2,190 KRW, about −90% (overvalued).
What is the fair value of 065170?
Our model-based fair value for Next Bt Co. Ltd is 222.95 KRW (as of Aug 30, 2026), built from audited fundamentals. The current price: 2,190 KRW.
What is the quality score of 065170?
Next Bt Co. Ltd has a Quality Score of 44/100. 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 Next Bt Co. Ltd (065170)?
Next Bt Co. Ltd reported trailing-twelve-month revenue of about 5.0B KRW (latest available figure, as of Aug 30, 2026).
What is the net profit margin of 065170?
The net profit margin of Next Bt Co. Ltd is about 0.0%, meaning it keeps roughly 0.0% 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.

Free · no account needed

Watch Next Bt Co. Ltd in the live analysis

One click puts Next Bt Co. Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.