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Alton Co (123750) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 30.2B KRW

AC Alton Co 123750 · KQ
Price1,768 KRW
Fair Value719.84 KRW
Upside-59.3%
Quality67/100
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Weak Growth
Thin margins · 1.0% net margin
Low debt · generates free cash flow
Trails peers (3/9)
Narrow moat 21/100
Evidence: High Range 654.61 KRW – 731.08 KRW Share as image

Fair value as of: Jul 20, 2026

From 23 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 777.19 KRW to 719.84 KRW (−7.4%) since Jul 7, 2026. Share price −21.2% over the past month.

A solid business, but screening 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (731.08 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (654.61 KRW to 731.08 KRW), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

6,990 KRW 1,290 KRW Fair Value 719.84 KRW Mar 2021 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

60‑month range 1,290 KRW – 6,990 KRW · fair‑value band 654.61 KRW – 731.08 KRW · the 1,768 KRW price screens above the 719.84 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Alton Co (123750) currently trades at 1,768 KRW, while our model-based Fair Value estimate is 719.84 KRW, implying the stock looks roughly 59.3% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Consumer Cyclical 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: high).

Over the trailing twelve months, Alton Co generated revenue of 31.3B KRW at a net margin of 1.0%. Revenue declined 10.5% year over year. It earns a return on equity of 1.5%. Fundamentals as of Jul 20, 2026

Our scenario range runs from 654.61 KRW (bear case) to 731.08 KRW (bull case); at 1,768 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 49% below its 52-week high and 40% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at -59%, 123750 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.

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 934.53 KRW 960.55 KRW 1,005 KRW 80
Residual Income 1,012 KRW 955.50 KRW 701.41 KRW 76
ROIC Compounder 968.39 KRW 985.95 KRW 1,001 KRW 72
All 23 models by family
DCF Models
FCF DCF 931.35 KRW 958.16 KRW 1,008 KRW 38
Owner Earnings 925.15 KRW 949.53 KRW 994.67 KRW 31
5Y Revenue Exit 1,003 KRW 1,088 KRW 1,211 KRW 39
5Y EBITDA Exit 1,083 KRW 1,226 KRW 1,416 KRW 41
5Y P/E Exit 1,023 KRW 1,122 KRW 1,240 KRW 38
10Y Revenue Exit 968.90 KRW 1,030 KRW 1,097 KRW 36
10Y EBITDA Exit 1,023 KRW 1,115 KRW 1,217 KRW 37
10Y P/E Exit 986.19 KRW 1,051 KRW 1,114 KRW 35
Earnings-Based
Graham-Dodd 104.35 KRW 127.54 KRW 143.48 KRW 54
EPV 968.39 KRW 985.95 KRW 1,001 KRW 59
Dividend Discount
Gordon GGM 625.69 KRW 684.85 KRW 775.00 KRW 70
DDM Multi-Stage 625.69 KRW 785.03 KRW 1,008 KRW 61
Multiples
P/E Multiple 253.20 KRW 337.60 KRW 422.01 KRW 63
P/S Multiple 195.66 KRW 260.88 KRW 326.10 KRW 58
P/B Multiple 195.66 KRW 260.88 KRW 326.10 KRW 55
EV/EBIT 1,162 KRW 1,261 KRW 1,361 KRW 53
EV/EBITDA 1,231 KRW 1,353 KRW 1,476 KRW 54
EV/Revenue 1,064 KRW 1,151 KRW 1,237 KRW 43
Asset-Based
NCAV (Graham) 734.80 KRW 984.63 KRW 1,470 KRW 50
Growth DCF
Growth DCF 934.53 KRW 960.55 KRW 1,005 KRW 80
Economic Profit
Residual Income 1,012 KRW 955.50 KRW 701.41 KRW 76
ROIC Compounder 968.39 KRW 985.95 KRW 1,001 KRW 72
Growth Earnings
Growth-Adj P/E 178.49 KRW 254.98 KRW 331.48 KRW 68

Widest divergence: DCF Models (1,051 KRW) versus Earnings-Based (127.54 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 31.3B KRW
Revenue growth (YoY) -10.5%
Net margin 1.0%
Return on equity 1.5%
Free cash flow 97.0M KRW FY2025
Operating margin -5.9%
More key figures
EPS growth (YoY) +215%

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

Quality Score breakdown

Overall quality 67/100

Of which business quality 66 · Market factors (momentum, volatility) 40

Profitability 38
Margins and returns on capital today
Quality Growth 91
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 36
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

Alton Co.,Ltd. manufactures and sells sports and recreation bicycles in South Korea and China. The company offers e-bike, smart, MTB, road, hybrid, city, folding/minivelo, junior, ladies, and kids bicycles. It also product repair services. The company sells its bicycles under the alton, E-alton, INFIZA, ROADMASTER, Corex, and GLEAM brands.

Full company description

Alton Co.,Ltd. manufactures and sells sports and recreation bicycles in South Korea and China. The company offers e-bike, smart, MTB, road, hybrid, city, folding/minivelo, junior, ladies, and kids bicycles. It also product repair services. The company sells its bicycles under the alton, E-alton, INFIZA, ROADMASTER, Corex, and GLEAM brands. The company was formerly known as Alton Sports Co.,Ltd. and changed its name to Alton Co.,Ltd. in April 2024. Alton Co.,Ltd. was founded in 1994 and is headquartered in Seongnam-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Alton Co reported revenue of 32.2B KRW in FY2025 versus 50.0B KRW in FY2021, a compound −10.4%/yr. Reported net income was 212M KRW in FY2025, compounding −54.3%/yr from FY2021.

Growth Quality 38/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
32.2B KRW
Latest YoY
+14.1%
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.
−14.4%
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%
Avg. growth/yr (14Y) 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.
−5.4%
Revenue −10.4%/yr
FY21 50.0B KRW
FY22 51.3B KRW
FY23 42.1B KRW
FY24 28.2B KRW
FY25 32.2B KRW
Net income −54.3%/yr
FY21 4.8B KRW
FY22 −707M KRW
FY23 −268M KRW
FY24 −6.3B KRW
FY25 212M KRW

123750 screens 59% overvalued. Compare with ANTA Sports Products Limited →

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Cite: Fair Value Calculator (2026). "Alton Co Fair Value". https://www.fairvalue-calculator.com/stock/123750

Peer Group

Leisure · 190 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 67 · Top 25%
Fair Value upside −59% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 0% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -6% · Bottom 25%
Revenue growth -11% · Bottom 25%

Valuation Multiples vs Leisure median · lower = cheaper

P/FCF 0.2× · 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 14
FUTURE 0 · sector 18
PAST 6 · sector 19
HEALTH 100 · sector 94
DIVIDEND 0 · sector 51

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

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$74.15 HK$119.29 +61%
Pop Mart International Group 9992 HK$160.20 HK$227.30 +42%
Amer Sports, Inc AS $36.44 $16.16 -56%
Hasbro, Inc HAS $81.55 $83.38 +2%
Life Time Group LTH $42.15 $16.15 -62%
Acushnet Holdings GOLF $114.78 $37.79 -67%
Li Ning Company 2331 HK$14.80 HK$29.26 +98%
Benefit Systems S.A BFT 5,255 PLN 3,714 PLN -29%
Ninebot Limited 689009 ¥37.82 ¥39.17 +4%
Asmodee Group ASMDEEB kr 145.70 kr 41.90 -71%

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Frequently asked questions

Is Alton Co (123750) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 719.84 KRW versus a price of 1,768 KRW, about −59% (overvalued).
What is the fair value of 123750?
Our model-based fair value for Alton Co is 719.84 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 1,768 KRW.
What is the quality score of 123750?
Alton Co has a Quality Score of 67/100. 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 Alton Co (123750)?
Alton Co reported trailing-twelve-month revenue of about 31.3B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 123750?
The net profit margin of Alton Co is about 1.0%, meaning it keeps roughly 1.0% 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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