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Kolon Life Science Inc (102940) Fair Value & Analysis

Healthcare · KR · Market cap 422B KRW

KL Kolon Life Science Inc 102940 · KQ
Price15,600 KRW
Fair Value37,195 KRW
Upside+138.4%
Quality33/100
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Expensive Growth
Loss-making · -3.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (3/7)
Narrow moat 19/100
Evidence: High Range 27,896 KRW – 46,493 KRW Share as image

Fair value as of: Jul 20, 2026

From 16 valuation models · updated 20 days ago

Share price −62.0% over the past month.

Below-average quality, screening 138% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (27,896 KRW). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

70,800 KRW 13,300 KRW Fair Value 37,195 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 13,300 KRW – 70,800 KRW · fair‑value band 27,896 KRW – 46,493 KRW · the 15,600 KRW price screens below the 37,195 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Kolon Life Science Inc (102940) currently trades at 15,600 KRW, while our model-based Fair Value estimate is 37,195 KRW, implying the stock looks roughly 138.4% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Healthcare 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, Kolon Life Science Inc generated revenue of 191B KRW at a net margin of -3.0%. Revenue grew 20.2% year over year. Net debt stands at 91.5B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 27,896 KRW (bear case) to 46,493 KRW (bull case); at 15,600 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 79% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -20% fair-value upside, at 138%, 102940 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 BearBaseBull Evidence
Highest evidence
Residual Income 38,869 KRW 38,679 KRW 35,851 KRW 76
ROIC Compounder 12,175 KRW 14,236 KRW 16,068 KRW 72
Gordon GGM 1,282 KRW 2,799 KRW 4,710 KRW 70
All 16 models by family
Earnings-Based
Graham-Dodd 14,878 KRW 58,574 KRW 79,527 KRW 54
Lynch FV 14,458 KRW 20,654 KRW 26,850 KRW 50
PEG = 1.0 14,458 KRW 20,654 KRW 26,850 KRW 46
EPV 12,175 KRW 14,236 KRW 16,068 KRW 59
Dividend Discount
Gordon GGM 1,282 KRW 2,799 KRW 4,710 KRW 70
DDM Multi-Stage 1,282 KRW 2,293 KRW 2,917 KRW 61
Multiples
P/E Multiple 36,101 KRW 48,134 KRW 60,168 KRW 63
P/S Multiple 27,896 KRW 37,195 KRW 46,493 KRW 58
P/B Multiple 27,896 KRW 37,195 KRW 46,493 KRW 55
EV/EBIT 17,042 KRW 22,557 KRW 28,073 KRW 53
EV/EBITDA 23,107 KRW 30,645 KRW 38,182 KRW 54
EV/Revenue 12,305 KRW 17,366 KRW 22,427 KRW 43
Asset-Based
NCAV (Graham) 25,597 KRW 34,300 KRW 51,194 KRW 50
Economic Profit
Residual Income 38,869 KRW 38,679 KRW 35,851 KRW 76
ROIC Compounder 12,175 KRW 14,236 KRW 16,068 KRW 72
Growth Earnings
Growth-Adj P/E 26,432 KRW 37,760 KRW 49,088 KRW 68

Widest divergence: Growth Earnings (37,760 KRW) versus Dividend Discount (2,293 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 191B KRW
Revenue growth (YoY) +20.2%
Net margin -3.0%
Return on equity -3,386%
Free cash flow −28.2B KRW FY2025
Operating margin 0.7%
More key figures
EPS growth (YoY) -45.6%
Net debt 91.5B KRW FY2025

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

Quality Score breakdown

Overall quality 33/100

Of which business quality 35 · Market factors (momentum, volatility) 14

Profitability 26
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 3
Disciplined investing over empire-building
Low Volatility 26
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 67
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

Kolon Life Science Inc. provides biopharmaceuticals, active pharmaceutical ingredients, pyrithione antimicrobials, and water solutions primarily in South Korea. Its biopharmaceutical product under development comprise KLS-1020, a cancer vaccine; KLS-3021, a oncolytic viral therapy; and KLS-2031 for treatment for neuropathic pain.

Full company description

Kolon Life Science Inc. provides biopharmaceuticals, active pharmaceutical ingredients, pyrithione antimicrobials, and water solutions primarily in South Korea. Its biopharmaceutical product under development comprise KLS-1020, a cancer vaccine; KLS-3021, a oncolytic viral therapy; and KLS-2031 for treatment for neuropathic pain. The company also provides active pharmaceutical ingredients for anti-cancer and intermediates; and pyrithione antimicrobial for shampoo and soap bars, cosmetic and wet wipes, fabric softeners, metalworking fluids, antifouling paints, and fire-fighters. In addition, it offers Kolon BESFLOC polymer used in chemical, food, leather, pharmaceutical, textile, and dairy industries, as well as in settling reservoirs, sludge thickeners, floating reservoirs, and dehydrators in sewage treatment plants. The company was formerly known as Korea Tissuegene Asia, Ltd. and changed its name to Kolon Life Science Inc. in January 2006. Kolon Life Science Inc. 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

Kolon Life Science Inc reported revenue of 209B KRW in FY2025 versus 165B KRW in FY2021, a compound +6.0%/yr. Reported net income was 25.0B KRW in FY2025.

Growth Quality 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
209B KRW
Latest YoY
+29.5%
Avg. growth/yr (3Y)
+9.0%
Avg. growth/yr (5Y)
+10.1%
Avg. growth/yr (11Y)
+4.4%
Revenue +6.0%/yr
FY21 165B KRW
FY22 162B KRW
FY23 125B KRW
FY24 161B KRW
FY25 209B KRW
Net income
FY21 −1.4B KRW
FY22 2.1B KRW
FY23 −30.7B KRW
FY24 −93.1B KRW
FY25 25.0B KRW

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Cite: Fair Value Calculator (2026). "Kolon Life Science Inc Fair Value". https://www.fairvalue-calculator.com/stock/102940

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 33 · Bottom 25%
Fair Value upside +138% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth 20% · Above median
Debt / equity 0.01× · Lower 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 100 · sector 5
FUTURE 100 · sector 60
PAST 0 · sector 0
HEALTH 100 · sector 96
DIVIDEND 0 · sector 28

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%
Huons Global Co 084110 23,800 KRW 58,482 KRW +146%
BINEX Co 053030 6,350 KRW 1,844 KRW -71%
Anterogen.Co.,Ltd., a bio-venture company, 065660 16,810 KRW 4,741 KRW -72%
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 Kolon Life Science Inc (102940) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 37,195 KRW versus a price of 15,600 KRW, about +138% (undervalued).
What is the fair value of 102940?
Our model-based fair value for Kolon Life Science Inc is 37,195 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 15,600 KRW.
What is the quality score of 102940?
Kolon Life Science Inc has a Quality Score of 33/100. 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 Kolon Life Science Inc (102940)?
Kolon Life Science Inc reported trailing-twelve-month revenue of about 191B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 102940?
The net profit margin of Kolon Life Science Inc is about -3.0%, 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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