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Choong Ang Vaccine Laboratory Co (072020) Fair Value & Analysis

Healthcare · KR · Market cap 85.8B KRW

CA Choong Ang Vaccine Laboratory Co 072020 · KQ
Price9,300 KRW
Fair Value7,826 KRW
Upside-15.9%
Quality63/100
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Mixed Growth
Thin margins · 9.3% net margin
Low debt · generates free cash flow
2.13% dividend yield
Ranks above peers (7/10)
Narrow moat 43/100
Evidence: High Range 5,752 KRW – 9,900 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 7,741 KRW to 7,826 KRW (+1.1%) since Jul 6, 2026. Share price −0.5% over the past month.

A solid business, but screening 16% overvalued on our models.

What matters now

  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from 5,752 KRW (bear) to 9,900 KRW (bull), base 7,826 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 63/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

18,052 KRW 8,669 KRW Fair Value 7,826 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 8,669 KRW – 18,052 KRW · fair‑value band 5,752 KRW – 9,900 KRW · the 9,300 KRW price screens above the 7,826 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

Choong Ang Vaccine Laboratory Co (072020) currently trades at 9,300 KRW, while our model-based Fair Value estimate is 7,826 KRW, implying the stock looks roughly 15.9% overvalued today. The Quality Score stands at 63/100 (solid 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: high).

Over the trailing twelve months, Choong Ang Vaccine Laboratory Co generated revenue of 39.2B KRW at a net margin of 9.3%. Revenue declined 1.1% year over year. It earns a return on equity of 3.8%. Net debt stands at 4.4B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 5,752 KRW (bear case) to 9,900 KRW (bull case); at 9,300 KRW, the current price sits within 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 10% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at -16%, 072020 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
Growth DCF 2,947 KRW 4,039 KRW 5,588 KRW 80
Residual Income 8,936 KRW 9,188 KRW 9,234 KRW 76
Rev-Margin DCF 4,158 KRW 6,556 KRW 9,255 KRW 74
All 24 models by family
DCF Models
FCF DCF 2,902 KRW 4,123 KRW 5,961 KRW 38
Owner Earnings 8,479 KRW 12,670 KRW 18,977 KRW 31
5Y Revenue Exit 4,158 KRW 6,585 KRW 9,691 KRW 39
5Y EBITDA Exit 4,994 KRW 8,131 KRW 11,784 KRW 41
5Y P/E Exit 5,431 KRW 8,941 KRW 12,607 KRW 38
10Y Revenue Exit 3,544 KRW 5,647 KRW 8,476 KRW 36
10Y EBITDA Exit 4,208 KRW 6,715 KRW 10,058 KRW 37
10Y P/E Exit 4,486 KRW 7,274 KRW 10,680 KRW 35
Earnings-Based
Graham-Dodd 4,523 KRW 13,345 KRW 17,651 KRW 54
Lynch FV 2,798 KRW 3,997 KRW 5,197 KRW 50
PEG = 1.0 2,798 KRW 3,997 KRW 5,197 KRW 46
EPV 6,490 KRW 7,470 KRW 8,327 KRW 59
Multiples
P/E Multiple 6,984 KRW 9,312 KRW 11,640 KRW 63
P/S Multiple 4,771 KRW 6,361 KRW 7,951 KRW 58
P/B Multiple 8,480 KRW 11,307 KRW 14,134 KRW 55
EV/EBIT 5,857 KRW 7,607 KRW 9,357 KRW 53
EV/EBITDA 6,831 KRW 8,906 KRW 10,980 KRW 54
EV/Revenue 5,061 KRW 6,969 KRW 8,877 KRW 43
Asset-Based
NCAV (Graham) 5,691 KRW 7,627 KRW 11,383 KRW 50
Growth DCF
Growth DCF 2,947 KRW 4,039 KRW 5,588 KRW 80
Rev-Margin DCF 4,158 KRW 6,556 KRW 9,255 KRW 74
Economic Profit
Residual Income 8,936 KRW 9,188 KRW 9,234 KRW 76
ROIC Compounder 6,490 KRW 7,470 KRW 8,327 KRW 72
Growth Earnings
Growth-Adj P/E 5,951 KRW 8,501 KRW 11,051 KRW 68

Widest divergence: Growth Earnings (8,501 KRW) versus Earnings-Based (3,997 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 39.2B KRW
Revenue growth (YoY) -1.1%
Net margin 9.3%
Return on equity 3.8%
Free cash flow 1.9B KRW FY2025
Operating margin 18.5%
More key figures
Dividend yield 2.1%
EPS growth (YoY) -16.6%
Net debt 4.4B KRW FY2022

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

Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 52

Profitability 37
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 97
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

Choong Ang Vaccine Laboratory Co., Ltd. engages in the research, development, manufacturing, and sale of animal vaccines in South Korea, Asia, Africa, and the United States. It offers swine, poultry, cattle, canine, feline, wild boar, and raccoon vaccines under the SuiShot, PoulShot, BoviShot, CaniShot, and FeliShot brands.

Full company description

Choong Ang Vaccine Laboratory Co., Ltd. engages in the research, development, manufacturing, and sale of animal vaccines in South Korea, Asia, Africa, and the United States. It offers swine, poultry, cattle, canine, feline, wild boar, and raccoon vaccines under the SuiShot, PoulShot, BoviShot, CaniShot, and FeliShot brands. The company was founded in 1968 and is headquartered in Daejeon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Choong Ang Vaccine Laboratory Co reported revenue of 49.1B KRW in FY2025 versus 40.9B KRW in FY2021, a compound +4.6%/yr. Reported net income was 6.2B KRW in FY2025, compounding −5.1%/yr from FY2021.

Growth Quality 58/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
49.1B KRW
Latest YoY
+7.6%
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.
+7.7%
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.
+6.2%
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.
+4.7%
Revenue +4.6%/yr
FY21 40.9B KRW
FY22 39.3B KRW
FY23 41.9B KRW
FY24 45.6B KRW
FY25 49.1B KRW
Net income −5.1%/yr
FY21 7.6B KRW
FY22 4.0B KRW
FY23 6.0B KRW
FY24 6.9B KRW
FY25 6.2B KRW

072020 screens 16% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

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Cite: Fair Value Calculator (2026). "Choong Ang Vaccine Laboratory Co Fair Value". https://www.fairvalue-calculator.com/stock/072020

Peer Group

Drug Manufacturers - Specialty & Generic · 623 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 63 · Above median
Fair Value upside −16% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 19% · Top 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 2.1% · Above median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/FCF 0.0× · 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.

VALUE 12 · sector 6
FUTURE 0 · sector 20
PAST 15 · sector 24
HEALTH 98 · sector 97
DIVIDEND 43 · sector 34

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

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Frequently asked questions

Is Choong Ang Vaccine Laboratory Co (072020) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 7,826 KRW versus a price of 9,300 KRW, about −16% (overvalued).
What is the fair value of 072020?
Our model-based fair value for Choong Ang Vaccine Laboratory Co is 7,826 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 9,300 KRW.
What is the quality score of 072020?
Choong Ang Vaccine Laboratory Co has a Quality Score of 63/100. 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 Choong Ang Vaccine Laboratory Co (072020)?
Choong Ang Vaccine Laboratory Co reported trailing-twelve-month revenue of about 39.2B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 072020?
The net profit margin of Choong Ang Vaccine Laboratory Co is about 9.3%, meaning it keeps roughly 9.3% of revenue as net income. Based on the latest reported figures.
Does Choong Ang Vaccine Laboratory Co pay a dividend?
Choong Ang Vaccine Laboratory Co currently shows a dividend yield of about 2.13% relative to its recent price (as of Jul 22, 2026).

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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