Korea Kolmar (161890) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Korea Kolmar KRW 129,353, price KRW 147,000, upside -12.0%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 30,912 KRW – 161,700 KRW · fair‑value band 75,012 KRW – 168,159 KRW · the 147,000 KRW price screens above the 129,353 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Kolmar Korea Co., Ltd. researches, develops, produces, and sells beauty and health products in South Korea and internationally.
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Kolmar Korea Co., Ltd. researches, develops, produces, and sells beauty and health products in South Korea and internationally. It offers skincare cosmetic products, including toners, lotions, ampoules, essences, creams, mask sheets, mask packs, and lip balms; fragrance products, such as perfumes, and cleansing products; body and hair products; and color cosmetic products comprising makeup bases, primers, foundation and concealers, cushion foundations, and mascaras. The company also provides powder base products, such as eye shadows, powder pacts, highlighters, blushers, shadings, loose powders, jelly powders, wet powders, multi-color concurrent forming, gradations, marble teracotas, hair cushions, essence powders, bubble salts, eyebrow pencils, highlighters, etc.; and oil & emulsification base products, including lip sticks, lip balms, lip glosses, tints, essence pacts, stick foundations, sun sticks, skin covers, gel eyeliners, marble essence pacts, core sticks, two-tone sticks, marble sticks, serum sticks, eye sticks, balms, concealers, etc. In addition, it offers PLATIT147, a health and beauty production platform. Further, the company engages in the real estate rental business and manufacturing of plastic molded containers. Kolmar Korea Co., Ltd. was founded in 1990 and is headquartered in Sejong City, South Korea.
Stock analysis
Korea Kolmar (161890) currently trades at 147,000 KRW, while our model-based Fair Value estimate is 129,353 KRW, implying the stock looks roughly 13.6% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 142,735 KRW per share, and 8 of the 24 models we run sit above the 147,000 KRW price.
Bear case: the Asset-Based group reads lowest at 25,839 KRW, and 16 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 75,012 KRW (bear) to 168,159 KRW (bull), the price of 147,000 KRW sits inside 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 52/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Korea Kolmar reported revenue of 2.7T KRW in FY2025 versus 1.6T KRW in FY2021, a compound +14.5%/yr. Reported net income was 125B KRW in FY2025, compounding +36.7%/yr from FY2021.
Key figures
Market cap 3.5T KRW (≈ $2.4B) · P/S ratio 0.83 · Dividend yield 0.6% · Net margin 4.6% · Return on equity 12.8% · Return on assets (EBIT) 4.7% · Operating margin 10.8% · Revenue (TTM) 2.8T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 9% below its 52-week high and 143% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −25% fair-value upside, at −12%, 161890 screens cheaper than that median.
Fair Value models
Bear 75,012 KRWFair Value 129,353 KRWBull 168,159 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.0%
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.
+13.4%
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.
+15.5%
Start year 2020 (pandemic). Over 10 years: +17.6% a year
Revenue growth 13 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.
+23.4%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+13.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.8%
Dividend (yield on the price)0.6%
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.9% → 9%
2025 sits 162% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+25.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +22.5% a year for the price and +6.9% for the forecasts.
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.Household & Personal Products · 250 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−12% · Below median
Profitability
Return on equity (TTM)13% · Above median
Return on assets5% · Above median
Net margin (TTM)6% · Above median
Operating margin (TTM)11% · Above median
Growth and dividend
Revenue growth12% · Top 25%
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity0.36× · Highest 25%
Valuation Multiplesvs Household & Personal Products median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Korea Kolmar Fair Value". https://www.fairvalue-calculator.com/stock/161890
Frequently asked questions
Is Korea Kolmar (161890) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 129,353 KRW versus a price of 147,000 KRW, about −12% upside (overvalued).
What is the fair value of 161890?
Our model-based fair value for Korea Kolmar is 129,353 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 147,000 KRW.
What is the quality score of 161890?
Korea Kolmar has a Quality Score of 52/100. 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 Korea Kolmar (161890)?
Our model-based price target is the fair value of 129,353 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 75,012 KRW, optimistic scenario 168,159 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Korea Kolmar stock forecast for 2026?
Our models put fair value at 129,353 KRW, about −12% upside versus a price of 147,000 KRW (overvalued). Cautious scenario 75,012 KRW, optimistic scenario 168,159 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Korea Kolmar (161890)?
Korea Kolmar reported trailing-twelve-month revenue of about 2.8T KRW (latest available figure, as of Sep 24, 2026).
Does Korea Kolmar pay a dividend?
Korea Kolmar currently shows a dividend yield of about 0.59% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Korea Kolmar (161890)?
For today's price to be fair in a discounted-cash-flow model, Korea Kolmar would have to grow free cash flow by +25.0 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 161890 use?
Our models discount Korea Kolmar at 10.6 %: a base by market capitalisation (small), damped by beta 0.66, 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 Korea Kolmar that is +25.0 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Korea Kolmar (161890) delivered so far?
Over the past 5 years revenue at Korea Kolmar grew +15.5 % a year. The price currently implies +25.0 % 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 Korea Kolmar (161890) growing?
The median revenue growth in the sector is +2.8 % a year. That is the yardstick for the growth priced into Korea Kolmar (+25.0 % 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 Korea Kolmar (161890)?
The free-cash-flow yield on the price is 3.22 %: that much free cash flow Korea Kolmar produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Korea Kolmar (161890)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korea Kolmar it is 129,353 KRW per share (as of Sep 24, 2026), against a price of 147,000 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Korea Kolmar stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 161890 trades above its calculated fair value: price 147,000 KRW, fair value 129,353 KRW, a gap of about −12% (overvalued). 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 161890?
No. The price is what the market pays today (147,000 KRW); the fair value is what the company's own numbers justify (129,353 KRW). For Korea Kolmar the two are 17,647 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Korea Kolmar worth?
The market values Korea Kolmar at about 3.5T KRW (market capitalisation, as of Sep 24, 2026). Per share that is 147,000 KRW; our models calculate a fair value of 129,353 KRW per share.
What do the bullish and bearish scenarios say about 161890?
Our models span a range for Korea Kolmar: cautious scenario 75,012 KRW, base 129,353 KRW, optimistic 168,159 KRW per share (as of Sep 24, 2026, price 147,000 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Korea Kolmar (161890)?
Balance-sheet figures for Korea Kolmar (as of Sep 24, 2026): return on equity 12.8%, debt of 0.36 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 161890 from its 52-week high?
Korea Kolmar trades at 147,000 KRW, about 9% below its 52-week high of 161,700 KRW and 143% above the low of 60,437 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 129,353 KRW is for.
Which stocks are comparable to Korea Kolmar?
From the same area (Consumer Defensive) we also value The Procter & Gamble Company, Colgate-Palmolive Company, Hindustan Unilever Limited, Kenvue 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 Korea Kolmar stock attractive at the current price?
The data as of Sep 24, 2026: price 147,000 KRW, calculated fair value 129,353 KRW (−12%), Quality Score 52/100, 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 161890 calculated?
We run Korea Kolmar 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 129,353 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 14.1 % above its aggregate fair value. Korea Kolmar itself currently trades above fair value. 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 Korea Kolmar (161890)?
The closing price on Sep 23, 2026 was 147,000 KRW. Our model-based fair value is 129,353 KRW, about −12% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Korea Kolmar right now?
Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (75,012 KRW to 168,159 KRW) leaves room in how you read the outcome.
Key figures of Korea Kolmar
How large is the market capitalisation of Korea Kolmar (161890)?
The market capitalisation of Korea Kolmar is 3.5T KRW (≈ $2.4B). 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 Korea Kolmar (161890)?
The price-to-sales ratio of Korea Kolmar is 0.83 (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 Korea Kolmar (161890)?
The dividend yield of Korea Kolmar is 0.6%. 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 Korea Kolmar (161890)?
The net margin of Korea Kolmar is 4.6% (fiscal year 2025). 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 Korea Kolmar (161890)?
The return on equity (ROE) of Korea Kolmar is 12.8% (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 Korea Kolmar (161890)?
On an EBIT basis the return on assets of Korea Kolmar is 4.7% (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 Korea Kolmar (161890)?
The operating margin of Korea Kolmar is 10.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Korea Kolmar (161890)?
Revenue at Korea Kolmar is growing +11.5% versus a year earlier (3y avg +13.4%). 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 Korea Kolmar (161890)?
Earnings per share at Korea Kolmar are growing +241% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Korea Kolmar (161890) carry?
The net debt of Korea Kolmar is 954B KRW (fiscal year 2025, ≈ 8.5 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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