Miwon Holdings Co. Ltd (107590) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Miwon Holdings Co. Ltd KRW 167,511, price KRW 59,700, upside +180.6%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Miwon Holdings Co., Ltd., an investment holding company, engages in rental and merchandise wholesale and retail, hardened resin, and surfactant businesses in South Korea and internationally.
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Miwon Holdings Co., Ltd., an investment holding company, engages in rental and merchandise wholesale and retail, hardened resin, and surfactant businesses in South Korea and internationally. The company provides chemical products for UV/EB curing, such as acrylate and methacrylate monomers, oligomers, benzoins, and epoxy diluents; photosensitizers, UV stabilizers, and antioxidants; sulfur derivatives and sulfonic acid; nonionic, anionic, and cationic surfactants; cobalt adhesion promoters under the Corebond brand; bead-type resins and peptides; and inkjet applications and printed electronics. The company was founded in 1959 and is headquartered in Yongin-si, South Korea.
Stock analysis
Miwon Holdings Co. Ltd (107590) currently trades at 59,700 KRW, while our model-based Fair Value estimate is 167,511 KRW, implying the stock looks roughly 64.4% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 167,511 KRW per share, and 22 of the 24 models we run sit above the 59,700 KRW price.
Bear case: the Economic Profit group reads lowest at 53,203 KRW, and 2 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 111,074 KRW (bear) to 217,764 KRW (bull), the price of 59,700 KRW sits below 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 56/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Miwon Holdings Co. Ltd reported revenue of 493B KRW in FY2025 versus 421B KRW in FY2021, a compound +4.0%/yr. Reported net income was 26.2B KRW in FY2025, compounding −5.7%/yr from FY2021.
Key figures
Market cap 138B KRW (≈ $103M) · P/S ratio 0.25 · Dividend yield 1.2% · Net margin 5.3% · Return on equity 17.4% · Return on assets (EBIT) 4.7% · Operating margin 10.9% · Revenue (TTM) 554B 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 16% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at 181%, 107590 screens cheaper than that median.
Fair Value models
Bear 111,074 KRWFair Value 167,511 KRWBull 217,764 KRW
Price 59,700 KRW · Upside +180.6%
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.3%
Start year 2020 (pandemic). Over 10 years: +6.2% a year
Revenue growth 14 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.6%
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What shareholders gained per year (last 5 years), in KRW ⓘ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. 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.
+9.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.4%
Dividend (yield on the price)1.2%
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.8% → 4%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−3.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −5.5% a year for the price.
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 · 692 stocks
Beats the industry median on 8/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+180.6% · Top 25%
Profitability
Return on equity (TTM)17.4% · Top 25%
Return on assets4.0% · Above median
Net margin (TTM)9.4% · Above median
Operating margin (TTM)10.9% · Above median
Growth and dividend
Revenue growth35.9% · Top 25%
Dividend yield (TTM)1.2% · Below median
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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Is Miwon Holdings Co. Ltd (107590) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 167,511 KRW versus a price of 59,700 KRW, about +181% upside (undervalued).
What is the fair value of 107590?
Our model-based fair value for Miwon Holdings Co. Ltd is 167,511 KRW (as of Oct 3, 2026), built from audited fundamentals. The current price: 59,700 KRW.
What is the quality score of 107590?
Miwon Holdings Co. Ltd has a Quality Score of 56/100. 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 Miwon Holdings Co. Ltd (107590)?
Our model-based price target is the fair value of 167,511 KRW (as of Oct 3, 2026) from 24 valuation models. Cautious scenario 111,074 KRW, optimistic scenario 217,764 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Miwon Holdings Co. Ltd stock forecast for 2026?
Our models put fair value at 167,511 KRW, about +181% upside versus a price of 59,700 KRW (undervalued). Cautious scenario 111,074 KRW, optimistic scenario 217,764 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Miwon Holdings Co. Ltd (107590)?
Miwon Holdings Co. Ltd reported trailing-twelve-month revenue of about 554B KRW (latest available figure, as of Oct 3, 2026).
Does Miwon Holdings Co. Ltd pay a dividend?
Miwon Holdings Co. Ltd currently shows a dividend yield of about 1.17% relative to its recent price (as of Oct 3, 2026).
What growth is priced into Miwon Holdings Co. Ltd (107590)?
For today's price to be fair in a discounted-cash-flow model, Miwon Holdings Co. Ltd would have to grow free cash flow by -3.5 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.3 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of 107590 use?
Our models discount Miwon Holdings Co. Ltd at 11.6 %: a base by market capitalisation (micro), damped by beta 0.01, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Miwon Holdings Co. Ltd that is -3.5 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Miwon Holdings Co. Ltd (107590) delivered so far?
Over the past 5 years revenue at Miwon Holdings Co. Ltd grew +11.3 % a year. The price currently implies -3.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Miwon Holdings Co. Ltd (107590) growing?
The median revenue growth in the sector is +8.9 % a year. That is the yardstick for the growth priced into Miwon Holdings Co. Ltd (-3.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Miwon Holdings Co. Ltd (107590)?
The free-cash-flow yield on the price is 18.92 %: that much free cash flow Miwon Holdings Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Miwon Holdings Co. Ltd (107590)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Miwon Holdings Co. Ltd it is 167,511 KRW per share (as of Oct 3, 2026), against a price of 59,700 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Miwon Holdings Co. Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 107590 trades below its calculated fair value: price 59,700 KRW, fair value 167,511 KRW, a gap of about +181% (undervalued). 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 107590?
No. The price is what the market pays today (59,700 KRW); the fair value is what the company's own numbers justify (167,511 KRW). For Miwon Holdings Co. Ltd the two are 107,811 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Miwon Holdings Co. Ltd worth?
The market values Miwon Holdings Co. Ltd at about 138B KRW (market capitalisation, as of Oct 3, 2026). Per share that is 59,700 KRW; our models calculate a fair value of 167,511 KRW per share.
What do the bullish and bearish scenarios say about 107590?
Our models span a range for Miwon Holdings Co. Ltd: cautious scenario 111,074 KRW, base 167,511 KRW, optimistic 217,764 KRW per share (as of Oct 3, 2026, price 59,700 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Miwon Holdings Co. Ltd (107590)?
Balance-sheet figures for Miwon Holdings Co. Ltd (as of Oct 3, 2026): return on equity 17.4%, debt of 0.14 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 107590 from its 52-week high?
Miwon Holdings Co. Ltd trades at 59,700 KRW, about 16% below its 52-week high of 71,072 KRW and 13% above the low of 52,700 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 167,511 KRW is for.
Which stocks are comparable to Miwon Holdings 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 Miwon Holdings Co. Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price 59,700 KRW, calculated fair value 167,511 KRW (+181%), Quality Score 56/100, from 24 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 107590 calculated?
We run Miwon Holdings Co. Ltd through 24 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 167,511 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 14.9 % above its aggregate fair value. Miwon Holdings Co. Ltd currently trades 64 % below its own fair value, and the market average says nothing about that. 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 Miwon Holdings Co. Ltd (107590)?
The closing price on Oct 2, 2026 was 59,700 KRW. Our model-based fair value is 167,511 KRW, about +181% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Miwon Holdings Co. Ltd right now?
The price is below even our cautious bear case (111,074 KRW). The market is more pessimistic than our downside scenario. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (111,074 KRW to 217,764 KRW) leaves room in how you read the outcome.
Key figures of Miwon Holdings Co. Ltd
How large is the market capitalisation of Miwon Holdings Co. Ltd (107590)?
The market capitalisation of Miwon Holdings Co. Ltd is 138B KRW (≈ $103M). 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 Miwon Holdings Co. Ltd (107590)?
The price-to-sales ratio of Miwon Holdings Co. Ltd is 0.25 (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 Miwon Holdings Co. Ltd (107590)?
The dividend yield of Miwon Holdings Co. Ltd is 1.2%. 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 Miwon Holdings Co. Ltd (107590)?
The net margin of Miwon Holdings Co. Ltd is 5.3% (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 Miwon Holdings Co. Ltd (107590)?
The return on equity (ROE) of Miwon Holdings Co. Ltd is 17.4% (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 Miwon Holdings Co. Ltd (107590)?
On an EBIT basis the return on assets of Miwon Holdings Co. Ltd is 4.7% (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 Miwon Holdings Co. Ltd (107590)?
The operating margin of Miwon Holdings Co. Ltd is 10.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Miwon Holdings Co. Ltd (107590)?
Revenue at Miwon Holdings Co. Ltd is growing +35.9% versus a year earlier (3y avg −0.4%). 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 Miwon Holdings Co. Ltd (107590)?
Earnings per share at Miwon Holdings Co. Ltd are growing +390% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Miwon Holdings Co. Ltd (107590) carry?
The net debt of Miwon Holdings Co. Ltd is 68.7B KRW (fiscal year 2025, ≈ 2.6 yrs of FCF). 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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