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Anterogen.Co.,Ltd., a bio-venture company, (065660) Fair Value & Analysis

Healthcare · KR · Market cap 183B KRW

AC Anterogen.Co.,Ltd., a bio-venture company, 065660 · KQ
Price16,410 KRW
Fair Value4,741 KRW
Upside-71.1%
Quality44/100
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Expensive Growth
Loss-making · -85.6% net margin
Low debt · negative free cash flow
Trails peers (0/7)
Narrow moat 13/100
Evidence: Low Range 3,129 KRW – 5,926 KRW Share as image

Fair value as of: Jul 20, 2026

From 1 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 3,919 KRW to 4,741 KRW (+21.0%) since Jul 5, 2026. Share price −16.0% over the past month.

Below-average quality, and screening another 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (5,926 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 (3,129 KRW to 5,926 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

97,700 KRW 12,600 KRW Fair Value 4,741 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 12,600 KRW – 97,700 KRW · fair‑value band 3,129 KRW – 5,926 KRW · the 16,410 KRW price screens above the 4,741 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Anterogen.Co.,Ltd., a bio-venture company, (065660) currently trades at 16,410 KRW, while our model-based Fair Value estimate is 4,741 KRW, implying the stock looks roughly 71.1% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Healthcare 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).

Over the trailing twelve months, Anterogen.Co.,Ltd., a bio-venture company, generated revenue of 7.5B KRW at a net margin of -85.6%. Revenue declined 14.1% year over year. Net debt stands at 8.4B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 3,129 KRW (bear case) to 5,926 KRW (bull case); at 16,410 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 below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -19% fair-value upside, at -71%, 065660 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
NCAV (Graham) 4,370 KRW 5,855 KRW 8,739 KRW 50
All 1 models by family
Asset-Based
NCAV (Graham) 4,370 KRW 5,855 KRW 8,739 KRW 50

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Key figures & financial health

Revenue (TTM) 7.5B KRW
Revenue growth (YoY) -14.1%
Net margin -85.6%
Return on equity -232%
Free cash flow −1.3B KRW FY2025
Operating margin -54.5%
More key figures
Net debt 8.4B KRW FY2023

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 43 · Market factors (momentum, volatility) 18

Profitability 6
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 63
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

Anterogen.Co.,Ltd., a bio-venture company, engages in the research, development, and commercialization of stem cell therapy products using adipose-derived stem cells in South Korea and internationally.

Full company description

Anterogen.Co.,Ltd., a bio-venture company, engages in the research, development, and commercialization of stem cell therapy products using adipose-derived stem cells in South Korea and internationally. The company offers medicines, including Cupistem injection, an adipose stem cell product that is used for the treatment of Crohn's fistula; Queencell, a stromal vascular fraction used for the regeneration of subcutaneous adipose tissue; and Remodulin injection, a medicine for the treatment of pulmonary arterial hypertension. It also provides cosmetics, such as hair care products comprising SCM2 and SCM2-Black; and skin care products, such as Therastem-Derma, Therastem-White Silk, and Therastem-White Glutathione, as well as human stem cell conditioned media, a cosmetic raw material. In addition, the company offers cell banking services; and analysis services that include sample analysis for clinical studies, as well as conducts biopharmaceutical tests for identification, purity, potency, adventitious virus, etc. Anterogen.Co.,Ltd. was founded in 2000 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Anterogen.Co.,Ltd., a bio-venture company, reported revenue of 7.5B KRW in FY2025 versus 8.1B KRW in FY2021, a compound −1.9%/yr. Reported net income was −1.4B KRW in FY2025.

Growth Quality 41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
7.5B KRW
Latest YoY
+8.7%
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.
+4.6%
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.
+12.7%
Avg. growth/yr (11Y) 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.
+13.7%
Revenue −1.9%/yr
FY21 8.1B KRW
FY22 6.6B KRW
FY23 6.5B KRW
FY24 6.9B KRW
FY25 7.5B KRW
Net income
FY21 −554M KRW
FY22 −6.8B KRW
FY23 −2.8B KRW
FY24 −2.3B KRW
FY25 −1.4B KRW

065660 screens 71% overvalued. Compare with GlaxoSmithKline Pharmaceuticals Limited →

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Cite: Fair Value Calculator (2026). "Anterogen.Co.,Ltd., a bio-venture company, Fair Value". https://www.fairvalue-calculator.com/stock/065660

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 43 · Bottom 25%
Fair Value upside −71% · Bottom 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -86% · Bottom 25%
Operating margin (TTM) -54% · Bottom 25%
Revenue growth -14% · Bottom 25%
Debt / equity 0.12× · Higher 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 6
FUTURE 0 · sector 60
PAST 0 · sector 0
HEALTH 94 · sector 96
DIVIDEND 0 · sector 28

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 Pharmaceuticals stocks, each showing price versus our Fair Value estimate (as of Jul 20, 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%
EURO EURO 1.09 PHP 0.8700 PHP -20%
Kyung Dong Pharmaceutical Co 011040 4,935 KRW 6,165 KRW +25%

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Frequently asked questions

Is Anterogen.Co.,Ltd., a bio-venture company, (065660) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 4,741 KRW versus a price of 16,410 KRW, about −71% (overvalued).
What is the fair value of 065660?
Our model-based fair value for Anterogen.Co.,Ltd., a bio-venture company, is 4,741 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 16,410 KRW.
What is the quality score of 065660?
Anterogen.Co.,Ltd., a bio-venture company, 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 Anterogen.Co.,Ltd., a bio-venture company, (065660)?
Anterogen.Co.,Ltd., a bio-venture company, reported trailing-twelve-month revenue of about 7.5B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 065660?
The net profit margin of Anterogen.Co.,Ltd., a bio-venture company, is about -85.6%, meaning it is currently running at a net loss. 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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