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TK Chemical Corporation (104480) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 139B KRW

TC TK Chemical Corporation 104480 · KQ
Price1,681 KRW
Fair Value1,695 KRW
Upside+0.8%
Quality68/100
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Strengths

Highly profitable · 50.6% net margin
Low debt · generates free cash flow
Ranks above peers (9/9)

Risks

!Weak Growth
!Moderate moat 64/100
Weak Growth
Highly profitable · 50.6% net margin
Low debt · generates free cash flow
Ranks above peers (9/9)
Moderate moat 64/100
Evidence: High Range 1,186 KRW – 2,167 KRW Share as image

Fair value as of: Aug 13, 2026

From 20 valuation models · updated 7 days ago

Fair value updated Aug 13, 2026, revised from 1,752 KRW to 1,695 KRW (−3.2%) since Jul 20, 2026. Share price +13.6% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (1,186 KRW to 2,167 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

8,350 KRW 1,232 KRW Fair Value 1,695 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 1,232 KRW – 8,350 KRW · fair‑value band 1,186 KRW – 2,167 KRW · the 1,681 KRW price screens below the 1,695 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

TK Chemical Corporation (104480) currently trades at 1,681 KRW, while our model-based Fair Value estimate is 1,695 KRW, implying the stock looks roughly 0.8% fairly valued today. The Quality Score stands at 68/100 (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.

Over the trailing twelve months, TK Chemical Corporation generated revenue of 694B KRW at a net margin of 50.6%. Revenue grew 100.4% year over year. It earns a return on equity of 75.0%. Net debt stands at 107B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1,186 KRW (bear case) to 2,167 KRW (bull case); at 1,681 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 42% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -7% fair-value upside, at 1%, 104480 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 15,812 KRW 21,632 KRW 31,588 KRW 80
Rev-Margin DCF 5,846 KRW 6,709 KRW 8,005 KRW 74
Growth-Adj P/E 14,909 KRW 21,298 KRW 27,688 KRW 68
All 20 models by family
DCF Models
FCF DCF 15,101 KRW 21,097 KRW 32,204 KRW 38
Owner Earnings 12,267 KRW 17,151 KRW 26,196 KRW 31
5Y Revenue Exit 5,846 KRW 6,351 KRW 7,040 KRW 39
5Y EBITDA Exit 5,944 KRW 6,521 KRW 7,291 KRW 41
5Y P/E Exit 16,837 KRW 25,379 KRW 35,584 KRW 38
10Y Revenue Exit 9,357 KRW 10,060 KRW 10,597 KRW 36
10Y EBITDA Exit 9,423 KRW 10,165 KRW 10,744 KRW 37
10Y P/E Exit 16,035 KRW 21,826 KRW 27,354 KRW 35
Earnings-Based
Graham-Dodd 8,716 KRW 10,653 KRW 11,985 KRW 54
Multiples
P/E Multiple 21,150 KRW 28,200 KRW 35,250 KRW 63
P/S Multiple 3,424 KRW 4,565 KRW 5,706 KRW 58
P/B Multiple 16,343 KRW 21,791 KRW 27,238 KRW 55
EV/EBIT 185.13 KRW 304.11 KRW 423.08 KRW 53
EV/EBITDA 272.38 KRW 420.44 KRW 568.49 KRW 54
EV/Revenue 68.80 KRW 171.91 KRW 275.03 KRW 43
Asset-Based
NCAV (Graham) 6,752 KRW 9,048 KRW 13,505 KRW 50
Growth DCF
Growth DCF 15,812 KRW 21,632 KRW 31,588 KRW 80
Rev-Margin DCF 5,846 KRW 6,709 KRW 8,005 KRW 74
Economic Profit
Residual Income 11,711 KRW 12,910 KRW 18,863 KRW 61
Growth Earnings
Growth-Adj P/E 14,909 KRW 21,298 KRW 27,688 KRW 68

Widest divergence: Growth Earnings (21,298 KRW) versus Multiples (420.44 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 694B KRW
Revenue growth (YoY) +100%
Net margin 50.6%
Return on equity 75.0%
Free cash flow 143B KRW FY2025
Operating margin 12.7%
More key figures
EPS growth (YoY) +632%
Net debt 107B KRW FY2025

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

Quality Score breakdown

Overall quality 68/100

Of which business quality 64 · Market factors (momentum, volatility) 31

Profitability 42
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 82
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

TK Chemical Corporation engages in textile, chemical, and construction businesses in South Korea. The company offers polyester yarns, spandex yarns, and new materials, as well as PET resins; and electronic components, such as touch screen sensors and transparent LED films.

Full company description

TK Chemical Corporation engages in textile, chemical, and construction businesses in South Korea. The company offers polyester yarns, spandex yarns, and new materials, as well as PET resins; and electronic components, such as touch screen sensors and transparent LED films. It also engages in the construction of various projects, such as ports, dams, railways, and expressways. The company also exports its products. TK Chemical Corporation was founded in 1965 and is headquartered in Daegu, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TK Chemical Corporation reported revenue of 346B KRW in FY2025 versus 694B KRW in FY2021, a compound −16.0%/yr. Reported net income was 117B KRW in FY2025, compounding −24.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
346B KRW
Latest YoY
+1.8%
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.
−17.7%
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.
−4.2%
Avg. growth/yr (15Y) 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.
−6.1%
Revenue −16.0%/yr
FY21 694B KRW
FY22 621B KRW
FY23 379B KRW
FY24 340B KRW
FY25 346B KRW
Net income −24.1%/yr
FY21 351B KRW
FY22 275B KRW
FY23 −8.9B KRW
FY24 −112B KRW
FY25 117B KRW

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Cite: Fair Value Calculator (2026). "TK Chemical Corporation Fair Value". https://www.fairvalue-calculator.com/stock/104480

Peer Group

Textile Manufacturing · 321 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 68 · Top 25%
Fair Value upside +1% · Above median
Return on equity (TTM) 75% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 51% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 100% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Textile Manufacturing 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
VALUE34 · sector 11
FUTURE100 · sector 0
PAST100 · sector 15
HEALTH99 · sector 95
DIVIDEND0 · 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

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$42.10 HK$68.24 +62%
Tongkun Group 601233 ¥22.67 ¥14.53 -36%
Inner Mongolia ERDOS Resources Co 600295 ¥12.79 ¥14.35 +12%
Far Eastern New Century Corporation 1402 27.55 TWD 25.64 TWD -7%
K.P.R. Mill Limited KPRMILL ₹1,124 ₹467.49 -58%
HMT (Xiamen) New Technical Materials Co 603306 ¥71.55 ¥11.85 -83%
Vardhman Textiles Limited VTL ₹591.90 ₹437.53 -26%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 324.31 TRY +86%
Ruentex Industries Ltd 2915 54.10 TWD 133.24 TWD +146%
Welspun Living Limited WELSPUNLIV ₹165.23 ₹47.77 -71%

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Frequently asked questions

Is TK Chemical Corporation (104480) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1,695 KRW versus a price of 1,681 KRW, about +1% (fairly valued).
What is the fair value of 104480?
Our model-based fair value for TK Chemical Corporation is 1,695 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 1,681 KRW.
What is the quality score of 104480?
TK Chemical Corporation has a Quality Score of 68/100. 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 TK Chemical Corporation (104480)?
TK Chemical Corporation reported trailing-twelve-month revenue of about 694B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 104480?
The net profit margin of TK Chemical Corporation is about 50.6%, meaning it keeps roughly 50.6% of revenue as net income. 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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