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Abion Inc. (203400) Fair Value & Analysis

Healthcare · KR · Market cap 60.8B KRW

AI Abion Inc. 203400 · KQ
Price from Aug 14, 2026676.00 KRW
Fair Value286.27 KRW
Upside-57.7%
Quality23/100
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Risks

!Trades 58% ABOVE our fair value of 286.27 KRW
!Weak Growth
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
Weak Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 12/100
Evidence: Low Range 188.94 KRW – 357.84 KRW Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 7 days ago

Share price −6.8% over the past month.

Below-average quality, and screening another 58% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (357.84 KRW). The favourable scenario is already priced in.
  • Weak quality (23/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (188.94 KRW to 357.84 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

11,854 KRW 616.00 KRW Fair Value 286.27 KRW Sep 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

59‑month range 616.00 KRW – 11,854 KRW · fair‑value band 188.94 KRW – 357.84 KRW · the 676.00 KRW price screens above the 286.27 KRW fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Abion Inc. (203400) currently trades at 676.00 KRW, while our model-based Fair Value estimate is 286.27 KRW, implying the stock looks roughly 57.7% overvalued today. The Quality Score stands at 23/100 (below-average quality), in the Healthcare 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: low).

Trailing-twelve-month revenue stands at 1.0B KRW. Revenue grew 30.7% year over year. It earns a return on equity of -63.4%. Net debt stands at 13.9B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 188.94 KRW (bear case) to 357.84 KRW (bull case); at 676.00 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. For context, the median of 10 Healthcare peers we cover trades at -63% fair-value upside, at -58%, 203400 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
NCAV (Graham) 379.40 KRW 508.39 KRW 758.80 KRW 50
All 1 models by family
Asset-Based
NCAV (Graham) 379.40 KRW 508.39 KRW 758.80 KRW 50

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Key figures & financial health

Revenue (TTM) 1.0B KRW
Revenue growth (YoY) +30.7%
Return on equity -63.4%
Free cash flow −33.5B KRW FY2025
Operating margin -1,140%
Net debt 13.9B KRW FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 23/100

Of which business quality 29 · Market factors (momentum, volatility) 10

Profitability 0
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 0
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

ABION Inc. operates as a pharmaceutical biotech Company in South Korea and internationally. The company develops anticancer therapeutic drugs, such as ABN401, a tyrosine kinase inhibitor that is in Phase II clinical trials for treating non-small cell lung cancer, as well as in Phase I clinical trial for breast cancer; ABN501, a human monoclonal antibody …

Full company description

ABION Inc. operates as a pharmaceutical biotech Company in South Korea and internationally. The company develops anticancer therapeutic drugs, such as ABN401, a tyrosine kinase inhibitor that is in Phase II clinical trials for treating non-small cell lung cancer, as well as in Phase I clinical trial for breast cancer; ABN501, a human monoclonal antibody that targets claudin 3 for treating solid cancers; ABN201, an antibody cytokine fusion protein to treat solid cancers; and ABN101, a dry powder inhaler as a prophylactic treatment for various respiratory viruses. It is also developing ABN701 for SEBI infectious diseases; and ABN 901, ABN 902, and ABN 903 for infectious diseases related to biological disasters. Abion Inc. was founded in 2007 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Abion Inc. reported revenue of 880M KRW in FY2025 versus 1.6B KRW in FY2021, a compound −14.4%/yr. Reported net income was −29.1B KRW in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
880M KRW
Latest YoY
+15.9%
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.
−29.5%
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.
−15.1%
Avg. growth/yr (9Y) 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.
−15.0%
Revenue −14.4%/yr
FY21 1.6B KRW
FY22 2.5B KRW
FY23 1.3B KRW
FY24 760M KRW
FY25 880M KRW
Net income
FY21 −54.3B KRW
FY22 −19.9B KRW
FY23 −29.2B KRW
FY24 −43.4B KRW
FY25 −29.1B KRW

203400 screens 58% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Abion Inc. Fair Value". https://www.fairvalue-calculator.com/stock/203400

Peer Group

Biotechnology · 623 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 29 · Bottom 25%
Fair Value upside −58% · Below median
Return on assets -21% · Below median
Net margin (TTM) 0% · Above median
Revenue growth 31% · Top 25%
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/S (TTM) 0.04× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 0
PAST0 · sector 0
HEALTH97 · sector 97
DIVIDEND0 · sector 28

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

Similar stocks

10 more Biotechnology stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $525.73 $278.78 -47%
Samsung Biologics Co 207940 1,549,000 KRW 1,055,793 KRW -32%
Celltrion, Inc 068270 202,000 KRW 74,519 KRW -63%
WuXi Biologics (Cayman) Inc 2269 HK$45.70 HK$30.58 -33%
Innovent Biologics, Inc 1801 HK$95.55 HK$19.68 -79%
Genmab A/S GMAB kr 2,104 kr 250.07 -88%
Sino Biopharmaceutical Limited 1177 HK$4.87 HK$3.37 -31%
RemeGen Co 688331 ¥131.87 ¥23.19 -82%
ALTEOGEN Inc 196170 314,000 KRW 39,476 KRW -87%
Biocon Limited BIOCON ₹417.50 ₹52.10 -88%

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Frequently asked questions

Is Abion Inc. (203400) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 286.27 KRW versus the last price from Aug 14, 2026 of 676.00 KRW, about −58% (overvalued).
What is the fair value of 203400?
Our model-based fair value for Abion Inc. is 286.27 KRW (as of Aug 13, 2026), built from audited fundamentals. Last price (from Aug 14, 2026): 676.00 KRW.
What is the quality score of 203400?
Abion Inc. has a Quality Score of 23/100. 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 Abion Inc. (203400)?
Abion Inc. reported trailing-twelve-month revenue of about 1.0B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 203400?
The net profit margin of Abion Inc. is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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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