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Yulchon Co (146060) Fair Value & Analysis

Basic Materials · KR · Market cap 26.0B KRW

YC Yulchon Co 146060 · KQ
Price1,062 KRW
Fair Value1,831 KRW
Upside+72.4%
Quality26/100
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Weak Growth
Thin margins · 2.7% net margin
Low debt · negative free cash flow
Ranks above peers (5/8)
Narrow moat 28/100
Evidence: High Range 1,437 KRW – 2,380 KRW Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 2,209 KRW to 1,831 KRW (−17.1%) since Jun 25, 2026. Share price +9.1% over the past month.

Below-average quality, screening 72% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (26/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (1,437 KRW). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (3 years)

7,500 KRW 857.00 KRW Fair Value 1,831 KRW Sep 2023 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

35‑month range 857.00 KRW – 7,500 KRW · fair‑value band 1,437 KRW – 2,380 KRW · the 1,062 KRW price screens below the 1,831 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Yulchon Co (146060) currently trades at 1,062 KRW, while our model-based Fair Value estimate is 1,831 KRW, implying the stock looks roughly 72.4% undervalued today. The Quality Score stands at 26/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Yulchon Co generated revenue of 79.2B KRW at a net margin of 2.7%. It earns a return on equity of 4.5%. Net debt stands at 32.4B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,437 KRW (bear case) to 2,380 KRW (bull case); at 1,062 KRW, the current price sits below 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 54% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at 72%, 146060 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
Residual Income 1,746 KRW 1,802 KRW 1,840 KRW 76
ROIC Compounder 1,772 KRW 2,037 KRW 2,309 KRW 72
Gordon GGM 238.59 KRW 407.10 KRW 610.70 KRW 70
All 15 models by family
Earnings-Based
Graham-Dodd 924.76 KRW 2,159 KRW 2,777 KRW 54
PEG = 1.0 368.41 KRW 526.30 KRW 684.18 KRW 46
EPV 1,772 KRW 2,037 KRW 2,269 KRW 59
Dividend Discount
Gordon GGM 238.59 KRW 407.10 KRW 610.70 KRW 70
DDM Multi-Stage 238.59 KRW 352.67 KRW 478.79 KRW 61
Multiples
P/E Multiple 2,040 KRW 2,720 KRW 3,400 KRW 63
P/S Multiple 1,734 KRW 2,312 KRW 2,890 KRW 58
P/B Multiple 1,734 KRW 2,312 KRW 2,890 KRW 55
EV/EBIT 3,036 KRW 3,988 KRW 4,940 KRW 53
EV/EBITDA 3,153 KRW 4,143 KRW 5,134 KRW 54
EV/Revenue 2,105 KRW 2,930 KRW 3,755 KRW 43
Asset-Based
NCAV (Graham) 1,105 KRW 1,481 KRW 2,210 KRW 50
Economic Profit
Residual Income 1,746 KRW 1,802 KRW 1,840 KRW 76
ROIC Compounder 1,772 KRW 2,037 KRW 2,309 KRW 72
Growth Earnings
Growth-Adj P/E 1,546 KRW 2,209 KRW 2,872 KRW 68

Widest divergence: Multiples (2,720 KRW) versus Dividend Discount (352.67 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 79.2B KRW
Net margin 2.7%
Return on equity 4.5%
Free cash flow −19.6B KRW FY2025
Operating margin 4.6%
EPS growth (YoY) -62.3%
More key figures
Net debt 32.4B KRW FY2025

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

Quality Score breakdown

Overall quality 26/100

Of which business quality 30 · Market factors (momentum, volatility) 19

Profitability 32
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 8
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 3
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 40
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

Yulchon Co., Ltd. manufactures and sells cold drawing precision steel tubes in South Korea and internationally. The company offers automotive components, such as camshafts, EGR and rack products, shock absorbers, steering column and fuel rail products, propeller shafts, brake lines, stabilizer bars, driver shafts, and exhaust products; front fork tubes and …

Full company description

Yulchon Co., Ltd. manufactures and sells cold drawing precision steel tubes in South Korea and internationally. The company offers automotive components, such as camshafts, EGR and rack products, shock absorbers, steering column and fuel rail products, propeller shafts, brake lines, stabilizer bars, driver shafts, and exhaust products; front fork tubes and suspension components; and hydraulic cylinders and high pressure hydraulic lines. It also provides chair and desk frames, height adjustable gas springs; heat exchanger tubes; and mining tools, including drill rods, casing, and outer and inner tubes. Yulchon Co., Ltd. was founded in 1986 and is based in Siheung-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Yulchon Co reported revenue of 79.3B KRW in FY2025 versus 56.9B KRW in FY2021, a compound +8.6%/yr. Reported net income was 3.3B KRW in FY2025, compounding +17.9%/yr from FY2021.

Growth Quality 22/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
79.3B KRW
Latest YoY
+1.4%
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.
+1.5%
Revenue +8.6%/yr
FY21 56.9B KRW
FY22 75.8B KRW
FY23 72.6B KRW
FY24 78.2B KRW
FY25 79.3B KRW
Net income +17.9%/yr
FY21 1.7B KRW
FY22 3.0B KRW
FY23 −18.1B KRW
FY24 2.4B KRW
FY25 3.3B KRW

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Cite: Fair Value Calculator (2026). "Yulchon Co Fair Value". https://www.fairvalue-calculator.com/stock/146060

Peer Group

Steel · 378 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 26 · Bottom 25%
Fair Value upside +72% · Top 25%
Return on equity (TTM) 5% · Above median
Return on assets 2% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth 0% · Below median
Debt / equity 0.12× · Higher than median

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 100 · sector 19
FUTURE 0 · sector 4
PAST 18 · sector 15
HEALTH 94 · sector 95
DIVIDEND 0 · sector 41

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

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is Yulchon Co (146060) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,831 KRW versus a price of 1,062 KRW, about +72% (undervalued).
What is the fair value of 146060?
Our model-based fair value for Yulchon Co is 1,831 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,062 KRW.
What is the quality score of 146060?
Yulchon Co has a Quality Score of 26/100. 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 Yulchon Co (146060)?
Yulchon Co reported trailing-twelve-month revenue of about 79.2B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 146060?
The net profit margin of Yulchon Co is about 2.7%, meaning it keeps roughly 2.7% 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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