Assems Inc. (136410) fair value: what the stock is really worth
As of Oct 16, 2026: fair value (intrinsic value) of Assems Inc. stock KRW 7,122, price KRW 3,500, upside +103.5%, quality 67 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
56‑month range 3,360 KRW – 17,495 KRW · fair‑value band 4,986 KRW – 9,259 KRW · the 3,500 KRW price screens below the 7,122 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Assems Inc. develops and sells adhesives in South Korea. The company produces hot-melt films. It also engages in laminating and coating of fabrics; development and production of adhesive textile; and production of hot-melt laminating machine.
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In addition, the company provides U-WEB, an air-permeable lamination sheet. Assems Inc. was founded in 2003 and is headquartered in Busan, South Korea.
Stock analysis
Assems Inc. (136410) currently trades at 3,500 KRW, while our model-based Fair Value estimate is 7,122 KRW, implying the stock looks roughly 50.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 11,922 KRW per share, and 23 of the 24 models we run sit above the 3,500 KRW price.
Bear case: the Asset-Based group reads lowest at 1,516 KRW, and 1 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 4,986 KRW (bear) to 9,259 KRW (bull), the price of 3,500 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 67/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Assems Inc. reported revenue of 60.3B KRW in FY2025 versus 42.0B KRW in FY2021, a compound +9.4%/yr. Reported net income was 8.8B KRW in FY2025, compounding +13.3%/yr from FY2021.
Key figures
Market cap 37.0B KRW (≈ $27.8M) Micro · P/S ratio 0.72 · Dividend yield 3.7% · Net margin 12.0% · Return on equity 8.7% · Return on assets (EBIT) 8.2% · Operating margin 18.2% · Revenue (TTM) 54.4B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 69% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −37% fair-value upside, at 103%, 136410 screens cheaper than that median.
Fair Value models
Bear4,986 KRWFair Value 7,122 KRWBull9,259 KRW
Price 3,500 KRW · Upside +103.5%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.4%
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.
+4.3%
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.
+12.1%
Start year 2020 (pandemic)
Revenue growth 7 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.
+12.2%
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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.
+22.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.8%
Dividend (yield on the price)3.7%
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.14% → 20%
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).
−7.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −9.2% 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 · 711 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+103.5% · Top 25%
Profitability
Return on equity (12 months)8.7% · Above median
Return on assets7.7% · Top 25%
Net margin (12 months)12.0% · Top 25%
Operating margin (12 months)18.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−16.1% · Bottom 25%
Dividend yield (12 months)3.7% · Top 25%
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "Assems Inc. Fair Value". https://www.fairvalue-calculator.com/stock/136410
Frequently asked questions
Is Assems Inc. (136410) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 7,122 KRW versus a price of 3,500 KRW, about +103% upside (undervalued).
What is the fair value of 136410?
Our model-based fair value for Assems Inc. is 7,122 KRW (as of Oct 3, 2026), built from audited fundamentals. The current price: 3,500 KRW.
What is the quality score of 136410?
Assems Inc. 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 price target for Assems Inc. (136410)?
Our model-based price target is the fair value of 7,122 KRW (as of Oct 3, 2026) from 24 valuation models. Cautious scenario 4,986 KRW, optimistic scenario 9,259 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Assems Inc. stock forecast for 2026?
Our models put fair value at 7,122 KRW, about +103% upside versus a price of 3,500 KRW (undervalued). Cautious scenario 4,986 KRW, optimistic scenario 9,259 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Assems Inc. (136410)?
Assems Inc. reported trailing-twelve-month revenue of about 54.4B KRW (latest available figure, as of Oct 3, 2026).
Does Assems Inc. pay a dividend?
Assems Inc. currently shows a dividend yield of 3.71% relative to its recent price (as of Oct 3, 2026).
What growth is priced into Assems Inc. (136410)?
For today's price to be fair in a discounted-cash-flow model, Assems Inc. would have to grow free cash flow by -7.3 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.1 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of 136410 use?
Our models discount Assems Inc. at 8.9 %: a base by market capitalisation (nano), damped by beta 0.34, 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 Assems Inc. that is -7.3 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Assems Inc. (136410) delivered so far?
Over the past 5 years revenue at Assems Inc. grew +12.1 % a year. The price currently implies -7.3 % 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 Assems Inc. (136410) growing?
The median revenue growth in the sector is +11.8 % a year. That is the yardstick for the growth priced into Assems Inc. (-7.3 % 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 Assems Inc. (136410)?
The free-cash-flow yield on the price is 17.47 %: that much free cash flow Assems Inc. produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Assems Inc. (136410)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Assems Inc. it is 7,122 KRW per share (as of Oct 3, 2026), against a price of 3,500 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Assems Inc. stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 136410 trades below its calculated fair value: price 3,500 KRW, fair value 7,122 KRW, a gap of about +103% (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 136410?
No. The price is what the market pays today (3,500 KRW); the fair value is what the company's own numbers justify (7,122 KRW). For Assems Inc. the two are 3,622 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Assems Inc. worth?
The market values Assems Inc. at about 37.0B KRW (market capitalisation, as of Oct 3, 2026). Per share that is 3,500 KRW; our models calculate a fair value of 7,122 KRW per share.
What do the bullish and bearish scenarios say about 136410?
Our models span a range for Assems Inc.: cautious scenario 4,986 KRW, base 7,122 KRW, optimistic 9,259 KRW per share (as of Oct 3, 2026, price 3,500 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Assems Inc. (136410)?
Balance-sheet figures for Assems Inc. (as of Oct 3, 2026): return on equity 8.7%, debt of 0.09 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 136410 from its 52-week high?
Assems Inc. trades at 3,500 KRW, about 69% below its 52-week high of 11,413 KRW and 4% above the low of 3,360 KRW (as of Oct 16, 2026). Distance from the high says nothing about value: that is what the fair value of 7,122 KRW is for.
Which stocks are comparable to Assems Inc.?
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 Assems Inc. stock attractive at the current price?
The data as of Oct 3, 2026: price 3,500 KRW, calculated fair value 7,122 KRW (+103%), Quality Score 67/100, 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 136410 calculated?
We run Assems Inc. 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 7,122 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 13.8 % above its aggregate fair value. Assems Inc. currently trades 51 % 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 Assems Inc. (136410)?
The closing price on Oct 16, 2026 was 3,500 KRW. Our model-based fair value is 7,122 KRW, about +103% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Assems Inc. right now?
The price is below even our cautious bear case (4,986 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (4,986 KRW to 9,259 KRW) leaves room in how you read the outcome.
Key figures of Assems Inc.
How large is the market capitalisation of Assems Inc. (136410)?
The market capitalisation of Assems Inc. is 37.0B KRW (≈ $27.8M). 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 Assems Inc. (136410)?
The price-to-sales ratio of Assems Inc. is 0.72 (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 Assems Inc. (136410)?
The dividend yield of Assems Inc. is 3.7%. 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 Assems Inc. (136410)?
The net margin of Assems Inc. is 12.0% (last twelve months). 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 Assems Inc. (136410)?
The return on equity (ROE) of Assems Inc. is 8.7% (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 Assems Inc. (136410)?
On an EBIT basis the return on assets of Assems Inc. is 8.2% (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 Assems Inc. (136410)?
The operating margin of Assems Inc. is 18.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Assems Inc. (136410)?
Revenue at Assems Inc. is growing −16.1% versus a year earlier (3y avg +4.3%). 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 Assems Inc. (136410)?
Earnings per share at Assems Inc. are growing −54.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Assems Inc. (136410) carry?
The net debt of Assems Inc. is 16.6B 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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Thin data
Oct 3, 2026