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KOYJ Co (121850) Fair Value & Analysis

Basic Materials · KR · Market cap 7.4B KRW

KC KOYJ Co 121850 · KQ
Price1,210 KRW
Fair Value1,107 KRW
Upside-8.5%
Quality32/100
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Weak Growth
Loss-making · -63.7% net margin
High debt · negative free cash flow
Trails peers (2/8)
Narrow moat 11/100
Evidence: Low Range 1,007 KRW – 1,260 KRW Share as image

Fair value as of: Jul 22, 2026

From 3 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 1,118 KRW to 1,107 KRW (−1.0%) since Jul 7, 2026. Share price −12.9% over the past month.

Below-average quality, 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.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

66,547 KRW 1,083 KRW Fair Value 1,107 KRW Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 1,083 KRW – 66,547 KRW · fair‑value band 1,007 KRW – 1,260 KRW · the 1,210 KRW price screens above the 1,107 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

KOYJ Co (121850) currently trades at 1,210 KRW, while our model-based Fair Value estimate is 1,107 KRW, implying the stock looks roughly 8.5% fairly valued today. The Quality Score stands at 32/100 (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: low).

Over the trailing twelve months, KOYJ Co generated revenue of 13.6B KRW at a net margin of -63.7%. Revenue grew 22.2% year over year. It earns a return on equity of -95.5%. Net debt stands at 10.5B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,007 KRW (bear case) to 1,260 KRW (bull case); at 1,210 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. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -9%, 121850 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
Gordon GGM 925.59 KRW 1,009 KRW 1,134 KRW 70
DDM Multi-Stage 925.59 KRW 1,144 KRW 1,441 KRW 61
NCAV (Graham) 118.46 KRW 158.74 KRW 236.92 KRW 50
All 3 models by family
Dividend Discount
Gordon GGM 925.59 KRW 1,009 KRW 1,134 KRW 70
DDM Multi-Stage 925.59 KRW 1,144 KRW 1,441 KRW 61
Asset-Based
NCAV (Graham) 118.46 KRW 158.74 KRW 236.92 KRW 50

Widest divergence: Dividend Discount (1,009 KRW) versus Asset-Based (158.74 KRW). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 13.6B KRW
Revenue growth (YoY) +22.2%
Net margin -63.7%
Return on equity -95.5%
Free cash flow −7.3B KRW FY2025
Operating margin 0.0%
More key figures
Net debt 10.5B KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 32/100

Of which business quality 29 · Market factors (momentum, volatility) 14

Profitability 8
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 12
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 100
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

KOYJ Co., Ltd. manufactures and sells composite optical films and materials in South Korea. It offers liquid crystal protection films and backlight components; chemi-tronics products, such as silicone materials, nano metal-oxide, and semiconductor/display products; and 3D smart casting solutions, including ceramic mold sandcasts, 3D smart mold conformal …

Full company description

KOYJ Co., Ltd. manufactures and sells composite optical films and materials in South Korea. It offers liquid crystal protection films and backlight components; chemi-tronics products, such as silicone materials, nano metal-oxide, and semiconductor/display products; and 3D smart casting solutions, including ceramic mold sandcasts, 3D smart mold conformal cooling systems, and bottle product parts, as well as engages in 3D precision processing activities. The company was founded in 2006 and is headquartered in Chungju-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KOYJ Co reported revenue of 12.7B KRW in FY2025 versus 16.2B KRW in FY2021, a compound −6.0%/yr. Reported net income was −11.0B KRW in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
12.7B KRW
Latest YoY
−39.0%
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.
+9.2%
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.
−19.3%
Avg. growth/yr (13Y) 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.
−7.6%
Revenue −6.0%/yr
FY21 16.2B KRW
FY22 9.7B KRW
FY23 16.4B KRW
FY24 20.7B KRW
FY25 12.7B KRW
Net income
FY21 −13.4B KRW
FY22 −9.0B KRW
FY23 −4.4B KRW
FY24 −2.7B KRW
FY25 −11.0B KRW

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Cite: Fair Value Calculator (2026). "KOYJ Co Fair Value". https://www.fairvalue-calculator.com/stock/121850

Peer Group

Chemicals · 333 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 32 · Bottom 25%
Fair Value upside −9% · Above median
Return on assets -15% · Bottom 25%
Net margin (TTM) -64% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 22% · Top 25%
Debt / equity 2.96× · Higher 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 22 · sector 0
FUTURE 100 · sector 20
PAST 0 · sector 19
HEALTH 0 · sector 94
DIVIDEND 0 · sector 27

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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is KOYJ Co (121850) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,107 KRW versus a price of 1,210 KRW, about −9% (fairly valued).
What is the fair value of 121850?
Our model-based fair value for KOYJ Co is 1,107 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,210 KRW.
What is the quality score of 121850?
KOYJ Co has a Quality Score of 32/100. 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 KOYJ Co (121850)?
KOYJ Co reported trailing-twelve-month revenue of about 13.6B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 121850?
The net profit margin of KOYJ Co is about -63.7%, 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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