Next Bt Co. Ltd (065170) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of Next Bt Co. Ltd stock KRW 213, price KRW 1,901, upside -88.8%, quality 40 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?No
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 25, 2026.
How to read this chart
60‑month range 419.00 KRW – 6,850 KRW · fair‑value band 155.47 KRW – 280.18 KRW · the 1,901 KRW price screens above the 212.93 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 25, 2026.
Follow Next Bt Co. in your weekly email
Every Wednesday you see whether Next Bt Co. is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Show moreShow less
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.
Stock analysis
Next Bt Co. Ltd (065170) currently trades at 1,901 KRW, while our model-based Fair Value estimate is 212.93 KRW, 88.8% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 222.95 KRW per share, and 0 of the 4 models we run sit above the 1,901 KRW price.
Bear case: the Asset-Based group reads lowest at 187.72 KRW, and 4 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: 155.47 KRW (bear) to 280.18 KRW (bull), the price of 1,901 KRW sits above 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 40/100 (below-average quality), in the Consumer Defensive sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).
What moves the price
The share trades about 72% below its 52-week high and 354% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −16% fair-value upside, at −89%, 065170 screens richer than that median.
Fair Value models
Bear155.47 KRWFair Value 212.93 KRWBull280.18 KRW
Price 1,901 KRW · Upside -88.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−26.1%
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.
−56.8%
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.
−37.0%
Start year 2020 (pandemic). Over 10 years: −19.5% a year
Revenue growth 17 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.
−13.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
−40.7% (2019) → −55.1% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Food Distribution · 86 stocks
Beats the industry median on 0/8 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−88.8% · Bottom 25%
Profitability
Return on assets−92.2% · Bottom 25%
Operating margin (12 months)−67.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−60.4% · Bottom 25%
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Food Distribution median · lower = cheaper
P/B6.72× · Priciest 25%
P/S (12 months)17.17× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 46
FUTURE (revenue growth)0· sector 9
PAST (return on equity)0· sector 31
HEALTH (low debt)92· sector 94
DIVIDEND (yield)0· sector 66
VALUE 0: the price sits above our fair-value range.
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.
Is Next Bt Co. Ltd (065170) overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of 212.93 KRW versus a price of 1,901 KRW, about −89% upside (overvalued).
What is the fair value of 065170?
Our model-based fair value for Next Bt Co. Ltd is 212.93 KRW (as of Oct 25, 2026), built from audited fundamentals. The current price: 1,901 KRW.
What is the quality score of 065170?
Next Bt Co. Ltd has a Quality Score of 40/100. 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 Next Bt Co. Ltd (065170)?
Our model-based price target is the fair value of 212.93 KRW (as of Oct 25, 2026) from 4 valuation models. Cautious scenario 155.47 KRW, optimistic scenario 280.18 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Next Bt Co. Ltd stock forecast for 2026?
Our models put fair value at 212.93 KRW, about −89% upside versus a price of 1,901 KRW (overvalued). Cautious scenario 155.47 KRW, optimistic scenario 280.18 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Next Bt Co. Ltd (065170)?
Next Bt Co. Ltd reported trailing-twelve-month revenue of about 3.1B KRW (latest available figure, as of Oct 25, 2026).
What is the intrinsic value of Next Bt Co. Ltd (065170)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Next Bt Co. Ltd it is 212.93 KRW per share (as of Oct 25, 2026), against a price of 1,901 KRW. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Next Bt Co. Ltd stock overvalued or undervalued in 2026?
As of Oct 25, 2026, 065170 trades above its calculated fair value: price 1,901 KRW, fair value 212.93 KRW, a gap of about −89% (overvalued). 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 065170?
No. The price is what the market pays today (1,901 KRW); the fair value is what the company's own numbers justify (212.93 KRW). For Next Bt Co. Ltd the two are 1,688 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Next Bt Co. Ltd worth?
The market values Next Bt Co. Ltd at about 53.1B KRW (market capitalisation, as of Oct 25, 2026). Per share that is 1,901 KRW; our models calculate a fair value of 212.93 KRW per share.
What do the bullish and bearish scenarios say about 065170?
Our models span a range for Next Bt Co. Ltd: cautious scenario 155.47 KRW, base 212.93 KRW, optimistic 280.18 KRW per share (as of Oct 25, 2026, price 1,901 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Next Bt Co. Ltd (065170)?
Balance-sheet figures for Next Bt Co. Ltd (as of Oct 25, 2026): return on equity −103.8%, debt of 0.17 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 065170 from its 52-week high?
Next Bt Co. Ltd trades at 1,901 KRW, about 72% below its 52-week high of 6,850 KRW and 354% above the low of 419.00 KRW (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of 212.93 KRW is for.
Which stocks are comparable to Next Bt Co. Ltd?
From the same area (Consumer Defensive) we also value Sysco Corporation, US Foods Holding, Performance Food Group, Jerónimo Martins, SGPS, S.A, 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 Next Bt Co. Ltd stock attractive at the current price?
The data as of Oct 25, 2026: price 1,901 KRW, calculated fair value 212.93 KRW (−89%), Quality Score 40/100, from 4 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 065170 calculated?
We run Next Bt Co. Ltd through 4 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 212.93 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 12.3 % above its aggregate fair value. Next Bt Co. Ltd itself currently trades above fair value. 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 Next Bt Co. Ltd (065170)?
The closing price on Oct 23, 2026 was 1,901 KRW. Our model-based fair value is 212.93 KRW, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Next Bt Co. Ltd right now?
The price sits above even our optimistic bull case (280.18 KRW). The favourable scenario is already priced in. Weak quality (40/100) 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 280.18 KRW) leaves room in how you read the outcome.
Key figures of Next Bt Co. Ltd
How large is the market capitalisation of Next Bt Co. Ltd (065170)?
The market capitalisation of Next Bt Co. Ltd is 53.1B KRW (≈ $40.0M). 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 Next Bt Co. Ltd (065170)?
The price-to-sales ratio of Next Bt Co. Ltd is 20.1 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the return on equity of Next Bt Co. Ltd (065170)?
The return on equity (ROE) of Next Bt Co. Ltd is −104% (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 Next Bt Co. Ltd (065170)?
On an EBIT basis the return on assets of Next Bt Co. Ltd is −11.1% (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 Next Bt Co. Ltd (065170)?
The operating margin of Next Bt Co. Ltd is −67.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Next Bt Co. Ltd (065170)?
Revenue at Next Bt Co. Ltd is growing −60.4% versus a year earlier (3y avg −56.8%). 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 Next Bt Co. Ltd (065170)?
Earnings per share at Next Bt Co. Ltd are growing +556% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Next Bt Co. Ltd (065170) generate?
The free cash flow of Next Bt Co. Ltd is −291M KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Next Bt Co. Ltd (065170) carry?
The net debt of Next Bt Co. Ltd is 1.3B KRW (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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 28,000+ stock screener.
Thin data
Oct 25, 2026