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SillaJen, Inc (215600) Fair Value & Analysis

Healthcare · KR · Market cap 286B KRW

SI SillaJen, Inc 215600 · KQ
Price2,275 KRW
Fair Value550.85 KRW
Upside-75.8%
Quality36/100
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Mixed Growth
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 16/100
Evidence: Low Range 363.56 KRW – 688.56 KRW Share as image

Fair value as of: Jul 20, 2026

From 1 valuation models · updated 21 days ago

Share price +2.0% over the past month.

Below-average quality, and screening another 76% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (688.56 KRW). The favourable scenario is already priced in.
  • Weak quality (36/100) 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 (363.56 KRW to 688.56 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

81,469 KRW 1,844 KRW Fair Value 550.85 KRW Oct 2018 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 1,844 KRW – 81,469 KRW · fair‑value band 363.56 KRW – 688.56 KRW · the 2,275 KRW price screens above the 550.85 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

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Analysis

SillaJen, Inc (215600) currently trades at 2,275 KRW, while our model-based Fair Value estimate is 550.85 KRW, implying the stock looks roughly 75.8% overvalued today. The Quality Score stands at 36/100 (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 10.9B KRW. Revenue grew 146.4% year over year. It earns a return on equity of -20.8%. Net debt stands at 1.8B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 363.56 KRW (bear case) to 688.56 KRW (bull case); at 2,275 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 58% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -76%, 215600 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
NCAV (Graham) 398.62 KRW 534.15 KRW 797.24 KRW 50
All 1 models by family
Asset-Based
NCAV (Graham) 398.62 KRW 534.15 KRW 797.24 KRW 50

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Key figures & financial health

Revenue (TTM) 10.9B KRW
Revenue growth (YoY) +146%
Net margin -221%
Return on equity -20.8%
Free cash flow −26.2B KRW FY2025
Operating margin -198%
More key figures
Net debt 1.8B KRW FY2022

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

Quality Score breakdown

Overall quality 36/100

Of which business quality 38 · Market factors (momentum, volatility) 18

Profitability 2
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 3
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 37
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

SillaJen, Inc., together with its subsidiaries, engages in developing technologies and products using genetic engineering in South Korea. Its clinical pipeline includes Pexa-Vec, which is in phase 2 clinical trial to treat renal cell carcinoma and prostate cancer, as well as in phase 1 clinical trial to treat melanoma and solid tumors.

Full company description

SillaJen, Inc., together with its subsidiaries, engages in developing technologies and products using genetic engineering in South Korea. Its clinical pipeline includes Pexa-Vec, which is in phase 2 clinical trial to treat renal cell carcinoma and prostate cancer, as well as in phase 1 clinical trial to treat melanoma and solid tumors. The company also develops BAL0891, which is in phase 1 clinical trial for the treatment of solid tumors; and SJ-600 Series and JX-970 to treat solid tumors and is in preclinical trial. In addition, it operates in biotechnology research industry. SillaJen, Inc. was founded in 2006 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SillaJen, Inc reported revenue of 9.2B KRW in FY2025 versus 254M KRW in FY2021, a compound +145.4%/yr. Reported net income was −24.2B KRW in FY2025.

Growth Quality 29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
9.2B KRW
Latest YoY
+134.9%
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.
+22.5%
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.
+40.8%
Avg. growth/yr (10Y) 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.
+17.7%
Revenue +145.4%/yr
FY21 254M KRW
FY22 5.0B KRW
FY23 3.9B KRW
FY24 3.9B KRW
FY25 9.2B KRW
Net income
FY21 −15.3B KRW
FY22 −25.3B KRW
FY23 −20.4B KRW
FY24 −26.5B KRW
FY25 −24.2B KRW

215600 screens 76% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "SillaJen, Inc Fair Value". https://www.fairvalue-calculator.com/stock/215600

Peer Group

Biotechnology · 601 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 38 · Below median
Fair Value upside −76% · Bottom 25%
Return on assets -13% · Below median
Operating margin (TTM) -198% · Bottom 25%
Revenue growth 146% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/S (TTM) 0.02× · 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 0
PAST 0 · sector 0
HEALTH 100 · sector 98
DIVIDEND 0 · sector 23

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%

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Frequently asked questions

Is SillaJen, Inc (215600) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 550.85 KRW versus a price of 2,275 KRW, about −76% (overvalued).
What is the fair value of 215600?
Our model-based fair value for SillaJen, Inc is 550.85 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 2,275 KRW.
What is the quality score of 215600?
SillaJen, Inc has a Quality Score of 36/100. 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 SillaJen, Inc (215600)?
SillaJen, Inc reported trailing-twelve-month revenue of about 10.9B KRW (latest available figure, 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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