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LTC Co (170920) Fair Value & Analysis

Basic Materials · KR · Market cap 550B KRW

LC LTC Co 170920 · KQ
Price41,200 KRW
Fair Value8,969 KRW
Upside-78.2%
Quality40/100
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Healthy Growth
Thin margins · 3.1% net margin
Low debt · generates free cash flow
0.18% dividend yield
Mixed vs. peers (5/10)
Moderate moat 49/100
Evidence: Medium Range 8,447 KRW – 9,897 KRW Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 9,298 KRW to 8,969 KRW (−3.5%) since Jul 7, 2026. Share price −18.1% over the past month.

Below-average quality, and screening another 78% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (9,897 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.
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Price vs Fair Value (5 years)

57,800 KRW 7,552 KRW Fair Value 8,969 KRW Mar 2021 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

60‑month range 7,552 KRW – 57,800 KRW · fair‑value band 8,447 KRW – 9,897 KRW · the 41,200 KRW price screens above the 8,969 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

LTC Co (170920) currently trades at 41,200 KRW, while our model-based Fair Value estimate is 8,969 KRW, implying the stock looks roughly 78.2% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Basic Materials 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: medium).

Over the trailing twelve months, LTC Co generated revenue of 333B KRW at a net margin of 3.1%. Revenue grew 30.3% year over year. It earns a return on equity of 13.1%. Net debt stands at 22.4B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 8,447 KRW (bear case) to 9,897 KRW (bull case); at 41,200 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 32% below its 52-week high and 331% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -78%, 170920 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 28,572 KRW 52,368 KRW 100,549 KRW 80
Residual Income 9,379 KRW 9,260 KRW 8,328 KRW 76
Rev-Margin DCF 31,986 KRW 60,722 KRW 104,238 KRW 74
All 26 models by family
DCF Models
FCF DCF 29,751 KRW 46,891 KRW 98,846 KRW 38
Owner Earnings 12,977 KRW 23,616 KRW 46,950 KRW 31
5Y Revenue Exit 31,986 KRW 56,733 KRW 105,715 KRW 39
5Y EBITDA Exit 32,699 KRW 58,261 KRW 105,536 KRW 41
5Y P/E Exit 15,941 KRW 24,051 KRW 34,011 KRW 38
10Y Revenue Exit 30,291 KRW 61,618 KRW 97,265 KRW 36
10Y EBITDA Exit 31,942 KRW 63,027 KRW 121,087 KRW 37
10Y P/E Exit 19,803 KRW 29,909 KRW 46,046 KRW 35
Earnings-Based
Graham-Dodd 3,167 KRW 22,087 KRW 30,996 KRW 54
Lynch FV 6,801 KRW 9,716 KRW 12,630 KRW 50
PEG = 1.0 6,801 KRW 9,716 KRW 12,630 KRW 46
EPV 30,856 KRW 35,409 KRW 39,457 KRW 59
Dividend Discount
Gordon GGM 863.39 KRW 1,885 KRW 3,171 KRW 70
DDM Multi-Stage 863.39 KRW 1,544 KRW 1,964 KRW 61
Multiples
P/E Multiple 5,938 KRW 7,918 KRW 9,897 KRW 63
P/S Multiple 5,938 KRW 7,918 KRW 9,897 KRW 58
P/B Multiple 5,938 KRW 7,918 KRW 9,897 KRW 55
EV/EBIT 35,156 KRW 45,190 KRW 55,223 KRW 53
EV/EBITDA 33,984 KRW 43,627 KRW 53,270 KRW 54
EV/Revenue 31,143 KRW 42,323 KRW 53,503 KRW 43
Asset-Based
NCAV (Graham) 6,257 KRW 8,384 KRW 12,514 KRW 50
Growth DCF
Growth DCF 28,572 KRW 52,368 KRW 100,549 KRW 80
Rev-Margin DCF 31,986 KRW 60,722 KRW 104,238 KRW 74
Economic Profit
Residual Income 9,379 KRW 9,260 KRW 8,328 KRW 76
ROIC Compounder 36,812 KRW 50,664 KRW 69,917 KRW 72
Growth Earnings
Growth-Adj P/E 8,447 KRW 12,067 KRW 15,687 KRW 68

Widest divergence: Growth DCF (52,368 KRW) versus Dividend Discount (1,544 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 333B KRW
Revenue growth (YoY) +30.3%
Net margin 3.1%
Return on equity 13.1%
Free cash flow 15.0B KRW FY2025
Operating margin 18.3%
More key figures
Dividend yield 0.2%
EPS growth (YoY) +168%
Net debt 22.4B KRW FY2025

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

Quality Score breakdown

Overall quality 40/100

Of which business quality 42 · Market factors (momentum, volatility) 59

Profitability 32
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 5
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LTC Co 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.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
310B KRW
Latest YoY
+12.1%
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.
+12.3%
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.
+26.8%
Avg. growth/yr (11Y) 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.
+12.7%
Revenue +41.1%/yr
FY21 78.3B KRW
FY22 219B KRW
FY23 113B KRW
FY24 277B KRW
FY25 310B KRW
Net income
FY21 −9.5B KRW
FY22 2.1B KRW
FY23 −26.5B KRW
FY24 10.1B KRW
FY25 4.8B KRW

170920 screens 78% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "LTC Co Fair Value". https://www.fairvalue-calculator.com/stock/170920

Peer Group

Specialty Chemicals · 673 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 40 · Bottom 25%
Fair Value upside −78% · Bottom 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 18% · Top 25%
Revenue growth 30% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/FCF 0.0× · 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 0
FUTURE 100 · sector 19
PAST 52 · sector 23
HEALTH 91 · sector 95
DIVIDEND 4 · sector 25

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

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is LTC Co (170920) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 8,969 KRW versus a price of 41,200 KRW, about −78% (overvalued).
What is the fair value of 170920?
Our model-based fair value for LTC Co is 8,969 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 41,200 KRW.
What is the quality score of 170920?
LTC Co 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 revenue of LTC Co (170920)?
LTC Co reported trailing-twelve-month revenue of about 333B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 170920?
The net profit margin of LTC Co is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does LTC Co pay a dividend?
LTC Co currently shows a dividend yield of about 0.17% relative to its recent price (as of Jul 22, 2026).

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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