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Lion Chemtech Co (171120) Fair Value & Analysis

Basic Materials · KR · Market cap 72.2B KRW

LC Lion Chemtech Co 171120 · KQ
Price2,065 KRW
Fair Value3,370 KRW
Upside+63.2%
Quality68/100
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Weak Growth
Solidly profitable · 10.5% net margin
Low debt · generates free cash flow
4.89% dividend yield
Ranks above peers (10/10)
Moderate moat 51/100
Evidence: High Range 2,527 KRW – 4,212 KRW Share as image

Fair value as of: Jul 20, 2026

From 22 valuation models · updated 21 days ago

Share price −0.2% over the past month.

A solid business, screening 63% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (2,527 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

5,629 KRW 1,820 KRW Fair Value 3,370 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 1,820 KRW – 5,629 KRW · fair‑value band 2,527 KRW – 4,212 KRW · the 2,065 KRW price screens below the 3,370 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Lion Chemtech Co (171120) currently trades at 2,065 KRW, while our model-based Fair Value estimate is 3,370 KRW, implying the stock looks roughly 63.2% undervalued today. The Quality Score stands at 68/100 (solid 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, Lion Chemtech Co generated revenue of 142B KRW at a net margin of 10.5%. Revenue grew 45.9% year over year. It earns a return on equity of 11.1%. Net debt stands at 2.7B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 2,527 KRW (bear case) to 4,212 KRW (bull case); at 2,065 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 43% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 63%, 171120 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
Growth DCF 7,273 KRW 9,379 KRW 13,023 KRW 80
Residual Income 3,114 KRW 3,219 KRW 3,285 KRW 76
Rev-Margin DCF 5,215 KRW 6,694 KRW 8,560 KRW 74
All 22 models by family
DCF Models
FCF DCF 7,017 KRW 9,184 KRW 13,248 KRW 38
Owner Earnings 2,432 KRW 2,831 KRW 3,577 KRW 31
5Y Revenue Exit 5,215 KRW 6,563 KRW 8,527 KRW 39
5Y EBITDA Exit 4,457 KRW 5,255 KRW 6,322 KRW 41
5Y P/E Exit 4,891 KRW 6,003 KRW 7,357 KRW 38
10Y Revenue Exit 5,799 KRW 6,897 KRW 8,046 KRW 36
10Y EBITDA Exit 5,416 KRW 6,081 KRW 6,733 KRW 37
10Y P/E Exit 5,680 KRW 6,548 KRW 7,349 KRW 35
Earnings-Based
Graham-Dodd 1,637 KRW 2,099 KRW 2,395 KRW 54
EPV 3,864 KRW 4,275 KRW 4,634 KRW 59
Multiples
P/E Multiple 2,527 KRW 3,370 KRW 4,212 KRW 63
P/S Multiple 3,069 KRW 4,092 KRW 5,115 KRW 58
P/B Multiple 3,069 KRW 4,092 KRW 5,115 KRW 55
EV/EBIT 3,817 KRW 4,622 KRW 5,428 KRW 53
EV/EBITDA 3,106 KRW 3,674 KRW 4,243 KRW 54
EV/Revenue 4,332 KRW 5,589 KRW 6,846 KRW 43
Asset-Based
NCAV (Graham) 1,968 KRW 2,637 KRW 3,936 KRW 50
Growth DCF
Growth DCF 7,273 KRW 9,379 KRW 13,023 KRW 80
Rev-Margin DCF 5,215 KRW 6,694 KRW 8,560 KRW 74
Economic Profit
Residual Income 3,114 KRW 3,219 KRW 3,285 KRW 76
ROIC Compounder 3,864 KRW 4,321 KRW 4,833 KRW 72
Growth Earnings
Growth-Adj P/E 1,818 KRW 2,598 KRW 3,377 KRW 68

Widest divergence: Growth DCF (6,694 KRW) versus Earnings-Based (2,099 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 142B KRW
Revenue growth (YoY) +45.9%
Net margin 10.5%
Return on equity 11.1%
Free cash flow 20.3B KRW FY2025
Operating margin 11.4%
More key figures
Dividend yield 4.9%
EPS growth (YoY) -36.9%
Net debt 2.7B KRW FY2019

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 68 · Market factors (momentum, volatility) 39

Profitability 38
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 85
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

Lion Chemtech Co., Ltd. provides artificial marbles and wax products in South Korea. The company offers acrylic solid surfaces under the TriStone name and quartz surfaces under the BLACKSTONE brand for use in kitchen, bathroom, interior, and work of art; and accessories, such as shower trays, bathtubs, sink bowls and wash basins, and adhesives.

Full company description

Lion Chemtech Co., Ltd. provides artificial marbles and wax products in South Korea. The company offers acrylic solid surfaces under the TriStone name and quartz surfaces under the BLACKSTONE brand for use in kitchen, bathroom, interior, and work of art; and accessories, such as shower trays, bathtubs, sink bowls and wash basins, and adhesives. It also provides LDPE, low polymer, LLDPE, HDPE, M-VLDPE, M-HDPE, oxidized PE, specialty, Homo PP, M-Homo PP, random co PP, POE, and EBS wax products that are used as PVC slip and mold releasing agents; and rubber, plastic, print ink, toner, cable, and hot melt additives, as well as in pigment dispersion and paint modification. In addition, the company manufactures and sells synthetic wax products. The company was formerly known as Lion Chemical and changed its name to Lion Chemtech Co., Ltd. in January 2001. Lion Chemtech Co., Ltd. was founded in 1973 and is headquartered in Daejeon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lion Chemtech Co reported revenue of 130B KRW in FY2025 versus 150B KRW in FY2021, a compound −3.5%/yr. Reported net income was 8.5B KRW in FY2025, compounding −0.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
130B KRW
Latest YoY
−8.1%
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.
−5.0%
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.
−0.3%
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.
+1.2%
Revenue −3.5%/yr
FY21 150B KRW
FY22 152B KRW
FY23 131B KRW
FY24 142B KRW
FY25 130B KRW
Net income −0.1%/yr
FY21 8.5B KRW
FY22 8.8B KRW
FY23 7.1B KRW
FY24 8.8B KRW
FY25 8.5B KRW

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Cite: Fair Value Calculator (2026). "Lion Chemtech Co Fair Value". https://www.fairvalue-calculator.com/stock/171120

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 68 · Top 25%
Fair Value upside +63% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 11% · Above median
Revenue growth 46% · Top 25%
Dividend yield (TTM) 4.9% · Top 25%

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 100 · sector 0
FUTURE 100 · sector 19
PAST 44 · sector 23
HEALTH 100 · sector 95
DIVIDEND 98 · sector 25

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 20, 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 Lion Chemtech Co (171120) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 3,370 KRW versus a price of 2,065 KRW, about +63% (undervalued).
What is the fair value of 171120?
Our model-based fair value for Lion Chemtech Co is 3,370 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 2,065 KRW.
What is the quality score of 171120?
Lion Chemtech Co has a Quality Score of 68/100. 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 Lion Chemtech Co (171120)?
Lion Chemtech Co reported trailing-twelve-month revenue of about 142B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 171120?
The net profit margin of Lion Chemtech Co is about 10.5%, meaning it keeps roughly 10.5% of revenue as net income. Based on the latest reported figures.
Does Lion Chemtech Co pay a dividend?
Lion Chemtech Co currently shows a dividend yield of about 4.85% relative to its recent price (as of Jul 20, 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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