Green Plus Co. Ltd (186230) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Green Plus Co. Ltd KRW 549, price KRW 3,240, upside -83.1%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Green Plus Co., Ltd. engages in the manufacturing, extruding, and processing of aluminum products in South Korea and internationally. It offers aluminum products for electricity and electronics, construction and industrial, automotive defense, and various square lumbers, sewing materials, and pipes.
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Green Plus Co., Ltd. engages in the manufacturing, extruding, and processing of aluminum products in South Korea and internationally. It offers aluminum products for electricity and electronics, construction and industrial, automotive defense, and various square lumbers, sewing materials, and pipes. The company is also involved in gutter, aluminum pallet, light emitting diode, and solar energy business. In addition, it designs and constructs greenhouse; provides a system that artificially controls light, temperature, humidity, and carbon dioxide concentration in a certain facility to produce stably regardless of the season or the location; Green Fish Farm Aquaculture System; and greenery landscaping services. Green Plus Co., Ltd. was founded in 1996 and is headquartered in Yesan-Eup, South Korea.
Stock analysis
Green Plus Co. Ltd (186230) currently trades at 3,240 KRW, while our model-based Fair Value estimate is 548.70 KRW, 83.1% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 91/100, which puts the evidence level at low.
Scenario range: 548.70 KRW (bear) to 1,476 KRW (bull), the price of 3,240 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 42/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Green Plus Co. Ltd reported revenue of 106B KRW in FY2025 versus 83.2B KRW in FY2021, a compound +6.2%/yr. Reported net income was −11.4B KRW in FY2025.
Key figures
Market cap 35.1B KRW (≈ $26.2M) · P/S ratio 0.29 · Net margin −10.8% · Return on equity −24.7% · Return on assets (EBIT) −0.5% · Operating margin 1.4% · Revenue (TTM) 115B KRW · Revenue growth (YoY) +43.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 36% fair-value upside, at −83%, 186230 screens richer than that median.
Fair Value models
Bear 548.70 KRWFair Value 548.70 KRWBull 1,476 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.37/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+20.6%
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.
+8.4%
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.
+11.0%
Start year 2020 (pandemic)
Revenue growth 9 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.
+11.9%
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Profit margin (trend) ⓘ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.
9.4% (2020) → −0.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Aluminum · 78 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−83.1% · Bottom 25%
Profitability
Return on assets−0.5% · Bottom 25%
Net margin (TTM)−9.2% · Bottom 25%
Operating margin (TTM)1.4% · Bottom 25%
Growth and dividend
Revenue growth43.0% · Top 25%
Balance sheet
Debt / equity0.23× · Above median
Valuation Multiplesvs Aluminum median · lower = cheaper
EV/EBITDA0.5× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)100· sector 80
PAST (return on equity)0· sector 40
HEALTH (low debt)89· sector 93
DIVIDEND (yield)0· sector 40
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). "Green Plus Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/186230
Frequently asked questions
Is Green Plus Co. Ltd (186230) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 548.70 KRW versus a price of 3,240 KRW, about −83% upside (overvalued).
What is the fair value of 186230?
Our model-based fair value for Green Plus Co. Ltd is 548.70 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 3,240 KRW.
What is the quality score of 186230?
Green Plus Co. Ltd has a Quality Score of 42/100. 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 Green Plus Co. Ltd (186230)?
Our model-based price target is the fair value of 548.70 KRW (as of Sep 24, 2026) from 2 valuation models. Cautious scenario 548.70 KRW, optimistic scenario 1,476 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Green Plus Co. Ltd stock forecast for 2026?
Our models put fair value at 548.70 KRW, about −83% upside versus a price of 3,240 KRW (overvalued). Cautious scenario 548.70 KRW, optimistic scenario 1,476 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Green Plus Co. Ltd (186230)?
Green Plus Co. Ltd reported trailing-twelve-month revenue of about 115B KRW (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Green Plus Co. Ltd (186230)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Green Plus Co. Ltd it is 548.70 KRW per share (as of Sep 24, 2026), against a price of 3,240 KRW. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Green Plus Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 186230 trades above its calculated fair value: price 3,240 KRW, fair value 548.70 KRW, a gap of about −83% (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 186230?
No. The price is what the market pays today (3,240 KRW); the fair value is what the company's own numbers justify (548.70 KRW). For Green Plus Co. Ltd the two are 2,691 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Green Plus Co. Ltd worth?
The market values Green Plus Co. Ltd at about 35.1B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 3,240 KRW; our models calculate a fair value of 548.70 KRW per share.
What do the bullish and bearish scenarios say about 186230?
Our models span a range for Green Plus Co. Ltd: cautious scenario 548.70 KRW, base 548.70 KRW, optimistic 1,476 KRW per share (as of Sep 24, 2026, price 3,240 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Green Plus Co. Ltd (186230)?
Balance-sheet figures for Green Plus Co. Ltd (as of Sep 24, 2026): return on equity −24.7%, debt of 0.23 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 186230 from its 52-week high?
Green Plus Co. Ltd trades at 3,240 KRW, about 51% below its 52-week high of 6,560 KRW and 9% above the low of 2,965 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 548.70 KRW is for.
Which stocks are comparable to Green Plus Co. Ltd?
From the same area (Basic Materials) we also value Shandong Hongqiao Aluminum Industry Holding, China Hongqiao Group, Aluminum Corporation, Hindalco Industries Limited, 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 Green Plus Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 3,240 KRW, calculated fair value 548.70 KRW (−83%), Quality Score 42/100, from 2 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 186230 calculated?
We run Green Plus Co. Ltd through 2 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 548.70 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 14.5 % above its aggregate fair value. Green Plus 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 Green Plus Co. Ltd (186230)?
The closing price on Oct 2, 2026 was 3,240 KRW. Our model-based fair value is 548.70 KRW, about −83% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Green Plus Co. Ltd right now?
The price sits above even our optimistic bull case (1,476 KRW). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (548.70 KRW to 1,476 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Green Plus Co. Ltd
How large is the market capitalisation of Green Plus Co. Ltd (186230)?
The market capitalisation of Green Plus Co. Ltd is 35.1B KRW (≈ $26.2M). 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 Green Plus Co. Ltd (186230)?
The price-to-sales ratio of Green Plus Co. Ltd is 0.29 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Green Plus Co. Ltd (186230)?
The net margin of Green Plus Co. Ltd is −10.8% (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 Green Plus Co. Ltd (186230)?
The return on equity (ROE) of Green Plus Co. Ltd is −24.7% (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 Green Plus Co. Ltd (186230)?
On an EBIT basis the return on assets of Green Plus Co. Ltd is −0.5% (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 Green Plus Co. Ltd (186230)?
The operating margin of Green Plus Co. Ltd is 1.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Green Plus Co. Ltd (186230)?
Revenue at Green Plus Co. Ltd is growing +43.0% versus a year earlier (3y avg +8.4%). 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 Green Plus Co. Ltd (186230)?
Earnings per share at Green Plus Co. Ltd are growing −63.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Green Plus Co. Ltd (186230) generate?
The free cash flow of Green Plus Co. Ltd is −4.2B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Green Plus Co. Ltd (186230) carry?
The net debt of Green Plus Co. Ltd is 34.3B KRW (fiscal year 2025). 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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