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Ycchem Co (112290) Fair Value & Analysis

Basic Materials · KR · Market cap 202B KRW

YC Ycchem Co 112290 · KQ
Price10,480 KRW
Fair Value3,074 KRW
Upside-70.7%
Quality41/100
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Expensive Growth
Thin margins · 7.7% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 40/100
Evidence: Medium Range 2,152 KRW – 3,996 KRW Share as image

Fair value as of: Jul 20, 2026

From 10 valuation models · updated 21 days ago

Share price −1.4% over the past month.

Below-average quality, and screening another 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (3,996 KRW). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (2,152 KRW to 3,996 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

17,000 KRW 4,106 KRW Fair Value 3,074 KRW Jul 2022 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

49‑month range 4,106 KRW – 17,000 KRW · fair‑value band 2,152 KRW – 3,996 KRW · the 10,480 KRW price screens above the 3,074 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Ycchem Co (112290) currently trades at 10,480 KRW, while our model-based Fair Value estimate is 3,074 KRW, implying the stock looks roughly 70.7% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Ycchem Co generated revenue of 90.2B KRW at a net margin of 7.7%. Revenue grew 37.5% year over year. It earns a return on equity of 14.4%. Net debt stands at 73.4B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 2,152 KRW (bear case) to 3,996 KRW (bull case); at 10,480 KRW, the current price sits above 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 64% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -71%, 112290 screens richer 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (414.17 KRW to 6,114 KRW). Read the values as a conservative anchor, not as a price target.
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
Residual Income 2,137 KRW 2,368 KRW 3,764 KRW 76
Growth-Adj P/E 2,152 KRW 3,074 KRW 3,996 KRW 68
P/E Multiple 2,403 KRW 3,205 KRW 4,006 KRW 63
All 10 models by family
Earnings-Based
Graham-Dodd 1,556 KRW 6,114 KRW 8,300 KRW 54
Lynch FV 1,508 KRW 2,154 KRW 2,800 KRW 50
PEG = 1.0 1,508 KRW 2,154 KRW 2,800 KRW 46
Multiples
P/E Multiple 2,403 KRW 3,205 KRW 4,006 KRW 63
P/S Multiple 2,918 KRW 3,891 KRW 4,864 KRW 58
P/B Multiple 2,918 KRW 3,891 KRW 4,864 KRW 55
EV/EBITDA 163.71 KRW 414.17 KRW 664.63 KRW 54
Asset-Based
NCAV (Graham) 1,215 KRW 1,629 KRW 2,431 KRW 50
Economic Profit
Residual Income 2,137 KRW 2,368 KRW 3,764 KRW 76
Growth Earnings
Growth-Adj P/E 2,152 KRW 3,074 KRW 3,996 KRW 68

Widest divergence: Multiples (3,205 KRW) versus Asset-Based (1,629 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 90.2B KRW
Revenue growth (YoY) +37.5%
Net margin 7.7%
Return on equity 14.4%
Free cash flow −12.5B KRW FY2025
Operating margin 6.1%
More key figures
Net debt 73.4B KRW FY2025

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 37 · Market factors (momentum, volatility) 18

Profitability 31
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 19
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 16
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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

Ycchem Co., Ltd. produces and sells chemical materials in South Korea. The company offers semiconductor materials, such as bump, I-line, KRF, ArF, EUV, TSV thick, and transparent photoresist; and BARC, TARC, developer, thinner, etchant, promoter, rinsing solution, spin on carbon hardmask, CMP, wafering, UV imprint resin, stripper, and equipment.

Full company description

Ycchem Co., Ltd. produces and sells chemical materials in South Korea. The company offers semiconductor materials, such as bump, I-line, KRF, ArF, EUV, TSV thick, and transparent photoresist; and BARC, TARC, developer, thinner, etchant, promoter, rinsing solution, spin on carbon hardmask, CMP, wafering, UV imprint resin, stripper, and equipment. It also provides LED and LCD products; solar cells; and PU systems. The company was formerly known as Youngchang Chemical Co., Ltd. and changed its name to Ycchem Co., Ltd. in March 2023. Ycchem Co., Ltd. was founded in 2001 and is headquartered in Seongju-eup, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ycchem Co reported revenue of 83.1B KRW in FY2025 versus 66.4B KRW in FY2021, a compound +5.8%/yr. Reported net income was 4.6B KRW in FY2025.

Growth Quality 45/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
83.1B KRW
Latest YoY
+18.2%
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.
+0.3%
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.
+6.5%
Revenue +5.8%/yr
FY21 66.4B KRW
FY22 82.4B KRW
FY23 62.3B KRW
FY24 70.3B KRW
FY25 83.1B KRW
Net income
FY21 −814M KRW
FY22 4.2B KRW
FY23 −6.1B KRW
FY24 −16.0B KRW
FY25 4.6B KRW

112290 screens 71% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Ycchem Co Fair Value". https://www.fairvalue-calculator.com/stock/112290

Peer Group

Specialty Chemicals · 673 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 41 · Bottom 25%
Fair Value upside −71% · Bottom 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 6% · Below median
Revenue growth 38% · Top 25%
Debt / equity 0.42× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

EV/EBITDA 1.8× · 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.

VALUE 0 · sector 0
FUTURE 100 · sector 19
PAST 57 · sector 23
HEALTH 79 · sector 95
DIVIDEND 0 · sector 25

VALUE 0: the price sits above our fair-value range.

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Ycchem Co (112290) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 3,074 KRW versus a price of 10,480 KRW, about −71% (overvalued).
What is the fair value of 112290?
Our model-based fair value for Ycchem Co is 3,074 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 10,480 KRW.
What is the quality score of 112290?
Ycchem Co has a Quality Score of 41/100. 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 Ycchem Co (112290)?
Ycchem Co reported trailing-twelve-month revenue of about 90.2B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 112290?
The net profit margin of Ycchem Co is about 7.7%, meaning it keeps roughly 7.7% 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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