WONIK Materials Co.Ltd (104830) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of WONIK Materials Co.Ltd KRW 34,687, price KRW 36,800, upside -5.7%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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WONIK Materials Co.,Ltd. manufactures and sells specialty gases in South Korea, China, and internationally. The company's specialty gases include NH3, N2O, C3H6, and PH3MIX.
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WONIK Materials Co.,Ltd. manufactures and sells specialty gases in South Korea, China, and internationally. The company's specialty gases include NH3, N2O, C3H6, and PH3MIX. It offers semiconductors and displays products, such as CVD and diffusion, etching and cleaning, implant and doping, and excimer laser; and precursor products, that includes elements, logics, DRAM, NAND, and PCM, as well as engages in manufacturing, refining, charging, and sales of industrial gases. The company was founded in 2006 and is headquartered in Cheongwon, South Korea.
Stock analysis
WONIK Materials Co.Ltd (104830) currently trades at 36,800 KRW, while our model-based Fair Value estimate is 34,687 KRW, implying the stock looks roughly 6.1% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 63,019 KRW per share, and 8 of the 15 models we run sit above the 36,800 KRW price.
Bear case: the Earnings-Based group reads lowest at 22,365 KRW, and 7 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: 32,764 KRW (bear) to 37,474 KRW (bull), the price of 36,800 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
WONIK Materials Co.Ltd reported revenue of 322B KRW in FY2025 versus 311B KRW in FY2021, a compound +0.9%/yr. Reported net income was 48.7B KRW in FY2025, compounding −2.0%/yr from FY2021.
Key figures
Market cap 464B KRW (≈ $341M) · P/S ratio 1.31 · Dividend yield 1.4% · Net margin 15.1% · Return on equity 10.0% · Return on assets (EBIT) 8.7% · Operating margin 17.8% · Revenue (TTM) 333B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 39% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −40% fair-value upside, at −6%, 104830 screens cheaper than that median.
Fair Value models
Bear 32,764 KRWFair Value 34,687 KRWBull 37,474 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+0.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.0%
Dividend (yield on the price)1.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.8% vs 12%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.17% → 18%
2025 sits 53% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Chemicals · 709 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is WONIK Materials Co.Ltd (104830) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 34,687 KRW versus a price of 36,800 KRW, about −6% upside (fairly valued).
What is the fair value of 104830?
Our model-based fair value for WONIK Materials Co.Ltd is 34,687 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 36,800 KRW.
What is the quality score of 104830?
WONIK Materials Co.Ltd has a Quality Score of 59/100. 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 price target for WONIK Materials Co.Ltd (104830)?
Our model-based price target is the fair value of 34,687 KRW (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 32,764 KRW, optimistic scenario 37,474 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the WONIK Materials Co.Ltd stock forecast for 2026?
Our models put fair value at 34,687 KRW, about −6% upside versus a price of 36,800 KRW (fairly valued). Cautious scenario 32,764 KRW, optimistic scenario 37,474 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of WONIK Materials Co.Ltd (104830)?
WONIK Materials Co.Ltd reported trailing-twelve-month revenue of about 333B KRW (latest available figure, as of Sep 24, 2026).
Does WONIK Materials Co.Ltd pay a dividend?
WONIK Materials Co.Ltd currently shows a dividend yield of about 1.36% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of WONIK Materials Co.Ltd (104830)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WONIK Materials Co.Ltd it is 34,687 KRW per share (as of Sep 24, 2026), against a price of 36,800 KRW. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is WONIK Materials Co.Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 104830 trades above its calculated fair value: price 36,800 KRW, fair value 34,687 KRW, a gap of about −6% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 104830?
No. The price is what the market pays today (36,800 KRW); the fair value is what the company's own numbers justify (34,687 KRW). For WONIK Materials Co.Ltd the two are 2,113 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is WONIK Materials Co.Ltd worth?
The market values WONIK Materials Co.Ltd at about 464B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 36,800 KRW; our models calculate a fair value of 34,687 KRW per share.
What do the bullish and bearish scenarios say about 104830?
Our models span a range for WONIK Materials Co.Ltd: cautious scenario 32,764 KRW, base 34,687 KRW, optimistic 37,474 KRW per share (as of Sep 24, 2026, price 36,800 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of WONIK Materials Co.Ltd (104830)?
Balance-sheet figures for WONIK Materials Co.Ltd (as of Sep 24, 2026): return on equity 10.0%, debt of 0.10 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 104830 from its 52-week high?
WONIK Materials Co.Ltd trades at 36,800 KRW, about 33% below its 52-week high of 54,900 KRW and 39% above the low of 26,400 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 34,687 KRW is for.
Which stocks are comparable to WONIK Materials Co.Ltd?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is WONIK Materials Co.Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 36,800 KRW, calculated fair value 34,687 KRW (−6%), Quality Score 59/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 104830 calculated?
We run WONIK Materials Co.Ltd through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 34,687 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. WONIK Materials Co.Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of WONIK Materials Co.Ltd (104830)?
The closing price on Sep 23, 2026 was 36,800 KRW. Our model-based fair value is 34,687 KRW, about −6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WONIK Materials Co.Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (32,764 KRW to 37,474 KRW), unusually little disagreement for a valuation.
Key figures of WONIK Materials Co.Ltd
How large is the market capitalisation of WONIK Materials Co.Ltd (104830)?
The market capitalisation of WONIK Materials Co.Ltd is 464B KRW (≈ $341M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of WONIK Materials Co.Ltd (104830)?
The price-to-sales ratio of WONIK Materials Co.Ltd is 1.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of WONIK Materials Co.Ltd (104830)?
The dividend yield of WONIK Materials Co.Ltd is 1.4%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of WONIK Materials Co.Ltd (104830)?
The net margin of WONIK Materials Co.Ltd is 15.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of WONIK Materials Co.Ltd (104830)?
The return on equity (ROE) of WONIK Materials Co.Ltd is 10.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of WONIK Materials Co.Ltd (104830)?
On an EBIT basis the return on assets of WONIK Materials Co.Ltd is 8.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of WONIK Materials Co.Ltd (104830)?
The operating margin of WONIK Materials Co.Ltd is 17.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WONIK Materials Co.Ltd (104830)?
Revenue at WONIK Materials Co.Ltd is growing +13.1% versus a year earlier (3y avg −17.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at WONIK Materials Co.Ltd (104830)?
Earnings per share at WONIK Materials Co.Ltd are growing +19.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does WONIK Materials Co.Ltd (104830) generate?
The free cash flow of WONIK Materials Co.Ltd is −5.1B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does WONIK Materials Co.Ltd (104830) carry?
The net debt of WONIK Materials Co.Ltd is 24.0B KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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