NOROO Paint & Coatings Co (090350) Fair Value & Analysis
Basic Materials · KR · Market cap 153B KRW
Fair value as of: Jul 24, 2026
From 23 valuation models · updated 17 days ago
Share price +2.6% over the past month.
A solid business, screening 79% undervalued on our models.
What matters now
- The price is below even our cautious bear case (10,494 KRW). The market is more pessimistic than our downside scenario.
- Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.
How to read this chart
60‑month range 6,343 KRW – 12,732 KRW · fair‑value band 10,494 KRW – 17,490 KRW · the 7,800 KRW price screens below the 13,992 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.
Analysis
NOROO Paint & Coatings Co (090350) currently trades at 7,800 KRW, while our model-based Fair Value estimate is 13,992 KRW, implying the stock looks roughly 79.4% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, NOROO Paint & Coatings Co generated revenue of 775B KRW at a net margin of 2.6%. Revenue grew 2.4% year over year. It earns a return on equity of 4.9%. Net debt stands at 36.7B KRW. Fundamentals as of Jul 24, 2026
Our scenario range runs from 10,494 KRW (bear case) to 17,490 KRW (bull case); at 7,800 KRW, the current price sits below 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 26% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 79%, 090350 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.
All 23 models by family
Widest divergence: DCF Models (18,822 KRW) versus Growth Earnings (11,929 KRW). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 41
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
NOROO Paint & Coatings Co., Ltd. engages in the development, manufacture, and sale of paints, synthetic resins, adhesives, pigments, inks, waterproof coating products, surface treatment coating products, and machinery for printing materials in South Korea and internationally.
Full company description
NOROO Paint & Coatings Co., Ltd. engages in the development, manufacture, and sale of paints, synthetic resins, adhesives, pigments, inks, waterproof coating products, surface treatment coating products, and machinery for printing materials in South Korea and internationally. It provides floor, waterproof, heavy-duty, PCM, and industrial coating products, as well as architectural and automotive refinish paint products. The company also engages in market research, networking activities, paint trading, and design research and consulting. The company was founded in 1945 and is headquartered in Anyang-si, South Korea. NOROO Paint & Coatings Co., Ltd. is a subsidiary of NOROO Holdings Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
NOROO Paint & Coatings Co reported revenue of 771B KRW in FY2025 versus 731B KRW in FY2021, a compound +1.3%/yr. Reported net income was 16.5B KRW in FY2025, compounding +3.3%/yr from FY2021.
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Peer Group
Specialty Chemicals · 673 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.
Valuation Multiples vs Specialty Chemicals median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $489.98 | $222.03 | -55% |
| Nan Ya Plastics Corporation 1303 | 181.50 TWD | 255.83 TWD | +41% |
| Wanhua Chemical Group 600309 | ¥70.04 | ¥68.03 | -3% |
| Novozymes A/S NSISB | kr 428.20 | kr 179.66 | -58% |
| Asian Paints Limited ASIANPAINT | ₹2,689 | ₹668.81 | -75% |
| Solar Industries India Limited SOLARINDS | ₹18,236 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,560 | ₹351.84 | -77% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
| Linde India Limited LINDEINDIA | ₹7,115 | ₹757.93 | -89% |
| Berger Paints India Limited BERGEPAINT | ₹493.70 | ₹164.29 | -67% |
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Frequently asked questions
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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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