LTC Co.Ltd (170920) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of LTC Co.Ltd KRW 12,067, price KRW 38,700, upside -68.8%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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LTC Co.,Ltd provides FPD and semiconductor chemical solutions in Korea and internationally. It offers display manufacturing process products, PR-strippers, thinners, and LTOC for OLED; semiconductor process products, such as polymer and bump strippers; and creamic products comprising electrolyte for SOFC, metal separator for SOFC, etc.
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LTC Co.,Ltd provides FPD and semiconductor chemical solutions in Korea and internationally. It offers display manufacturing process products, PR-strippers, thinners, and LTOC for OLED; semiconductor process products, such as polymer and bump strippers; and creamic products comprising electrolyte for SOFC, metal separator for SOFC, etc. The company was founded in 2007 and is headquartered in Hwaseong-si, South Korea.
Stock analysis
LTC Co.Ltd (170920) currently trades at 38,700 KRW, while our model-based Fair Value estimate is 12,067 KRW, implying the stock looks roughly 220.7% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 44,989 KRW per share, and 10 of the 26 models we run sit above the 38,700 KRW price.
Bear case: the Multiples group reads lowest at 7,918 KRW, and 16 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: 8,447 KRW (bear) to 15,687 KRW (bull), the price of 38,700 KRW sits above 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 40/100 (below-average quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
LTC Co.Ltd reported revenue of 310B KRW in FY2025 versus 78.3B KRW in FY2021, a compound +41.1%/yr. Reported net income was 4.8B KRW in FY2025.
Key figures
Market cap 550B KRW (≈ $404M) · P/S ratio 1.65 · Dividend yield 0.3% · Net margin 1.6% · Return on equity 13.1% · Return on assets (EBIT) 0.6% · Operating margin 18.3% · Revenue (TTM) 333B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 33% below its 52-week high and 147% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −40% fair-value upside, at −69%, 170920 screens richer than that median.
Fair Value models
Bear 8,447 KRWFair Value 12,067 KRWBull 15,687 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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+12.1%
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.
+12.3%
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.
+26.8%
Start year 2020 (pandemic). Over 10 years: +15.0% a year
Revenue growth 11 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.
+12.7%
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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.
+36.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+36.1%
Dividend (yield on the price)0.3%
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.3% → 10%
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).
+22.9%
Yearly growth needed for the next five years to justify today's price.
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 +20.4% 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 · 712 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−69% · Bottom 25%
Profitability
Return on equity (TTM)13% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)3% · Below median
Operating margin (TTM)18% · Top 25%
Growth and dividend
Revenue growth30% · Top 25%
Dividend yield (TTM)0.3% · Bottom 25%
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/FCF0.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 21
PAST (return on equity)52· sector 23
HEALTH (low debt)91· sector 95
DIVIDEND (yield)5· sector 29
VALUE 0: the price sits above our fair-value range.
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). "LTC Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/170920
Frequently asked questions
Is LTC Co.Ltd (170920) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 12,067 KRW versus a price of 38,700 KRW, about −69% upside (overvalued).
What is the fair value of 170920?
Our model-based fair value for LTC Co.Ltd is 12,067 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 38,700 KRW.
What is the quality score of 170920?
LTC Co.Ltd has a Quality Score of 40/100. 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 LTC Co.Ltd (170920)?
Our model-based price target is the fair value of 12,067 KRW (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 8,447 KRW, optimistic scenario 15,687 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the LTC Co.Ltd stock forecast for 2026?
Our models put fair value at 12,067 KRW, about −69% upside versus a price of 38,700 KRW (overvalued). Cautious scenario 8,447 KRW, optimistic scenario 15,687 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of LTC Co.Ltd (170920)?
LTC Co.Ltd reported trailing-twelve-month revenue of about 333B KRW (latest available figure, as of Sep 24, 2026).
Does LTC Co.Ltd pay a dividend?
LTC Co.Ltd currently shows a dividend yield of about 0.26% relative to its recent price (as of Sep 24, 2026).
What growth is priced into LTC Co.Ltd (170920)?
For today's price to be fair in a discounted-cash-flow model, LTC Co.Ltd would have to grow free cash flow by +22.9 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +26.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 170920 use?
Our models discount LTC Co.Ltd at 12.6 %: a base by market capitalisation (small), damped by beta 1.33, 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 LTC Co.Ltd that is +22.9 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has LTC Co.Ltd (170920) delivered so far?
Over the past 5 years revenue at LTC Co.Ltd grew +26.8 % a year. The price currently implies +22.9 % 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 LTC Co.Ltd (170920) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into LTC Co.Ltd (+22.9 % 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 LTC Co.Ltd (170920)?
The free-cash-flow yield on the price is 3.91 %: that much free cash flow LTC Co.Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of LTC Co.Ltd (170920)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LTC Co.Ltd it is 12,067 KRW per share (as of Sep 24, 2026), against a price of 38,700 KRW. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is LTC Co.Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 170920 trades above its calculated fair value: price 38,700 KRW, fair value 12,067 KRW, a gap of about −69% (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 170920?
No. The price is what the market pays today (38,700 KRW); the fair value is what the company's own numbers justify (12,067 KRW). For LTC Co.Ltd the two are 26,633 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is LTC Co.Ltd worth?
The market values LTC Co.Ltd at about 550B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 38,700 KRW; our models calculate a fair value of 12,067 KRW per share.
What do the bullish and bearish scenarios say about 170920?
Our models span a range for LTC Co.Ltd: cautious scenario 8,447 KRW, base 12,067 KRW, optimistic 15,687 KRW per share (as of Sep 24, 2026, price 38,700 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of LTC Co.Ltd (170920)?
Balance-sheet figures for LTC Co.Ltd (as of Sep 24, 2026): return on equity 13.1%, debt of 0.18 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 170920 from its 52-week high?
LTC Co.Ltd trades at 38,700 KRW, about 33% below its 52-week high of 57,800 KRW and 147% above the low of 15,685 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 12,067 KRW is for.
Which stocks are comparable to LTC Co.Ltd?
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 LTC Co.Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 38,700 KRW, calculated fair value 12,067 KRW (−69%), Quality Score 40/100, from 26 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 170920 calculated?
We run LTC Co.Ltd through 26 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 12,067 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 14.0 % above its aggregate fair value. LTC Co.Ltd 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 LTC Co.Ltd (170920)?
The closing price on Sep 23, 2026 was 38,700 KRW. Our model-based fair value is 12,067 KRW, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LTC Co.Ltd right now?
The price sits above even our optimistic bull case (15,687 KRW). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (8,447 KRW to 15,687 KRW) leaves room in how you read the outcome.
Key figures of LTC Co.Ltd
How large is the market capitalisation of LTC Co.Ltd (170920)?
The market capitalisation of LTC Co.Ltd is 550B KRW (≈ $404M). 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 LTC Co.Ltd (170920)?
The price-to-sales ratio of LTC Co.Ltd is 1.65 (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 LTC Co.Ltd (170920)?
The dividend yield of LTC Co.Ltd is 0.3%. 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 LTC Co.Ltd (170920)?
The net margin of LTC Co.Ltd is 1.6% (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 LTC Co.Ltd (170920)?
The return on equity (ROE) of LTC Co.Ltd is 13.1% (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 LTC Co.Ltd (170920)?
On an EBIT basis the return on assets of LTC Co.Ltd is 0.6% (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 LTC Co.Ltd (170920)?
The operating margin of LTC Co.Ltd is 18.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LTC Co.Ltd (170920)?
Revenue at LTC Co.Ltd is growing +30.3% versus a year earlier (3y avg +12.3%). 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 LTC Co.Ltd (170920)?
Earnings per share at LTC Co.Ltd are growing +168% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does LTC Co.Ltd (170920) carry?
The net debt of LTC Co.Ltd is 22.4B KRW (fiscal year 2025, ≈ 1.5 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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