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Very Good Tour Co. Ltd (094850) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 58.4B KRW

VG Very Good Tour Co. Ltd 094850 · KQ
Price4,340 KRW
Fair Value12,684 KRW
Upside+192.3%
Quality72/100
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Strengths

Trades 66% below our fair value of 12,684 KRW
Low debt · generates free cash flow
Ranks above peers (7/10)

Risks

!Mixed Growth (revenue 5y +48.8 %/yr)
!Loss over the last twelve months · -149.3% net margin · fiscal year 2025 11.8%
!Narrow moat 36/100
Mixed Growth (revenue 5y +48.8 %/yr)
Loss over the last twelve months · -149.3% net margin · fiscal year 2025 11.8%
Low debt · generates free cash flow
2.97% dividend yield
Ranks above peers (7/10)
Narrow moat 36/100
Evidence: High Range 10,013 KRW – 15,510 KRW Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 11 days ago

Fair value updated Aug 13, 2026, revised from 13,304 KRW to 12,684 KRW (−4.7%) since Jul 20, 2026. Share price +3.1% over the past month.

A solid business, trading 66% below our fair value.

What runs behind every stock

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

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What matters now

  • The rarer combination: high quality (72/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (10,013 KRW). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

16,374 KRW 3,945 KRW Fair Value 12,684 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 3,945 KRW – 16,374 KRW · fair‑value band 10,013 KRW – 15,510 KRW · the 4,340 KRW price screens below the 12,684 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Very Good Tour Co. Ltd (094850) currently trades at 4,340 KRW, while our model-based Fair Value estimate is 12,684 KRW, implying the stock looks roughly 192.3% undervalued today. The Quality Score stands at 72/100 (solid quality), in the Consumer Cyclical 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.

Trailing-twelve-month revenue stands at 8.6B KRW. Revenue grew 263.8% year over year. It earns a return on equity of 256.4%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 10,013 KRW (bear case) to 15,510 KRW (bull case); at 4,340 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 48% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 11% fair-value upside, at 192%, 094850 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 25,887 KRW 49,414 KRW 87,966 KRW 80
Residual Income 6,447 KRW 7,367 KRW 14,073 KRW 76
Rev-Margin DCF 14,495 KRW 21,871 KRW 37,466 KRW 74
All 24 models by family
DCF Models
FCF DCF 27,397 KRW 41,963 KRW 88,349 KRW 38
Owner Earnings 15,649 KRW 33,062 KRW 69,617 KRW 31
5Y Revenue Exit 13,472 KRW 19,332 KRW 31,388 KRW 39
5Y EBITDA Exit 15,004 KRW 22,430 KRW 36,894 KRW 41
5Y P/E Exit 18,702 KRW 36,564 KRW 60,433 KRW 38
10Y Revenue Exit 17,460 KRW 30,084 KRW 36,276 KRW 36
10Y EBITDA Exit 18,831 KRW 33,383 KRW 56,791 KRW 37
10Y P/E Exit 21,530 KRW 41,348 KRW 72,830 KRW 35
Earnings-Based
Graham-Dodd 5,321 KRW 37,111 KRW 52,079 KRW 54
Lynch FV 18,181 KRW 25,973 KRW 33,765 KRW 50
PEG = 1.0 18,181 KRW 25,973 KRW 33,765 KRW 46
EPV 8,052 KRW 9,061 KRW 9,944 KRW 59
Multiples
P/E Multiple 12,912 KRW 17,216 KRW 21,520 KRW 63
P/S Multiple 5,986 KRW 7,982 KRW 9,977 KRW 58
P/B Multiple 9,978 KRW 13,304 KRW 16,629 KRW 55
EV/EBIT 11,533 KRW 14,712 KRW 17,890 KRW 53
EV/EBITDA 10,013 KRW 12,684 KRW 15,356 KRW 54
EV/Revenue 7,586 KRW 9,980 KRW 12,375 KRW 43
Asset-Based
NCAV (Graham) 3,578 KRW 4,795 KRW 7,156 KRW 50
Growth DCF
Growth DCF 25,887 KRW 49,414 KRW 87,966 KRW 80
Rev-Margin DCF 14,495 KRW 21,871 KRW 37,466 KRW 74
Economic Profit
Residual Income 6,447 KRW 7,367 KRW 14,073 KRW 76
ROIC Compounder 9,227 KRW 12,148 KRW 14,963 KRW 72
Growth Earnings
Growth-Adj P/E 24,384 KRW 34,834 KRW 45,284 KRW 68

Widest divergence: Growth Earnings (34,834 KRW) versus Asset-Based (4,795 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/S ratio 7.09 TTM
Dividend yield 3.0%
Net margin -149% TTM
Return on equity 256% TTM
Return on assets -10.9% TTM
Operating margin -196% TTM
More key figures
Growth
Revenue (TTM) 8.6B KRW TTM
Revenue growth (YoY) +264% 3y avg +89.0%
EPS growth (YoY) -82.0%
Balance sheet & cash flow
Free cash flow 20.9B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 74 · Market factors (momentum, volatility) 15

Profitability 56
Margins and returns on capital today
Quality Growth 78
Are margins and returns improving?
Cashflow 94
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 76
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

Very Good Tour Co.,Ltd. provides travel products and tickets in South Korea. The company was formerly known as Very Good Leisure Co., Ltd. and changed its name to Very Good Tour Co.,Ltd. in August 2017. Very Good Tour Co.,Ltd. was founded in 1998 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Very Good Tour Co. Ltd reported revenue of 92.1B KRW in FY2025 versus 4.9B KRW in FY2021, a compound +108.7%/yr. Reported net income was 10.8B KRW in FY2025.

Growth Quality 87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
92.1B KRW
Latest YoY
+14.0%
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.
+89.0%
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.
+48.8%
Avg. revenue 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.
+1.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−11.2% (-14.2 + 3.0)
Revenue +108.7%/yr
FY21 4.9B KRW
FY22 13.6B KRW
FY23 68.7B KRW
FY24 80.8B KRW
FY25 92.1B KRW
Net income
FY21 −14.4B KRW
FY22 −12.2B KRW
FY23 7.2B KRW
FY24 3.1B KRW
FY25 10.8B KRW

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Cite: Fair Value Calculator (2026). "Very Good Tour Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/094850

Peer Group

Consumer Discretionary · 3767 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Hotels & Entertainment Services” was too small, so the broader sector is used.)

Quality Score 72 · Top 25%
Fair Value upside +192% · Top 25%
Return on equity (TTM) 256% · Top 25%
Return on assets -11% · Bottom 25%
Net margin (TTM) -149% · Bottom 25%
Operating margin (TTM) -196% · Bottom 25%
Revenue growth 264% · Top 25%
Dividend yield (TTM) 3.0% · Above median

Valuation Multiples vs Consumer Discretionary 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 23
FUTURE100 · sector 14
PAST100 · sector 21
HEALTH100 · sector 96
DIVIDEND59 · sector 43

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

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Frequently asked questions

Is Very Good Tour Co. Ltd (094850) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 12,684 KRW versus a price of 4,340 KRW, about +192% (undervalued).
What is the fair value of 094850?
Our model-based fair value for Very Good Tour Co. Ltd is 12,684 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 4,340 KRW.
What is the quality score of 094850?
Very Good Tour Co. Ltd has a Quality Score of 72/100. 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 Very Good Tour Co. Ltd (094850)?
Very Good Tour Co. Ltd reported trailing-twelve-month revenue of about 8.6B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 094850?
The net profit margin of Very Good Tour Co. Ltd is about -149.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Very Good Tour Co. Ltd pay a dividend?
Very Good Tour Co. Ltd currently shows a dividend yield of about 2.97% relative to its recent price (as of Aug 13, 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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