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Chemtros Co (220260) Fair Value & Analysis

Basic Materials · KR · Market cap 107B KRW

CC Chemtros Co 220260 · KQ
Price3,800 KRW
Fair Value2,179 KRW
Upside-42.7%
Quality34/100
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Expensive Growth
Loss-making · -6.2% net margin
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 23/100
Evidence: Low Range 1,412 KRW – 2,179 KRW Share as image

Fair value as of: Jul 20, 2026

From 6 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 1,316 KRW to 2,179 KRW (+65.6%) since Jul 7, 2026. Share price +4.8% over the past month.

Below-average quality, and screening another 43% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2,179 KRW). The favourable scenario is already priced in.
  • Weak quality (34/100) 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.
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Price vs Fair Value (5 years)

17,450 KRW 2,825 KRW Fair Value 2,179 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 2,825 KRW – 17,450 KRW · fair‑value band 1,412 KRW – 2,179 KRW · the 3,800 KRW price screens above the 2,179 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Chemtros Co (220260) currently trades at 3,800 KRW, while our model-based Fair Value estimate is 2,179 KRW, implying the stock looks roughly 42.7% overvalued today. The Quality Score stands at 34/100 (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: low).

Over the trailing twelve months, Chemtros Co generated revenue of 62.0B KRW at a net margin of -6.2%. Revenue grew 42.1% year over year. It earns a return on equity of -4.7%. Net debt stands at 14.2B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 1,412 KRW (bear case) to 2,179 KRW (bull case); at 3,800 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 60% below its 52-week high and 3% 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 -43%, 220260 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
ROIC Compounder 527.77 KRW 574.47 KRW 615.33 KRW 72
EPV 527.77 KRW 574.47 KRW 615.33 KRW 59
EV/EBITDA 1,398 KRW 1,781 KRW 2,164 KRW 54
All 6 models by family
Earnings-Based
EPV 527.77 KRW 574.47 KRW 615.33 KRW 59
Multiples
EV/EBIT 590.81 KRW 705.22 KRW 819.62 KRW 53
EV/EBITDA 1,398 KRW 1,781 KRW 2,164 KRW 54
EV/Revenue 545.05 KRW 672.53 KRW 800.01 KRW 43
Asset-Based
NCAV (Graham) 853.16 KRW 1,143 KRW 1,706 KRW 50
Economic Profit
ROIC Compounder 527.77 KRW 574.47 KRW 615.33 KRW 72

Widest divergence: Asset-Based (1,143 KRW) versus Earnings-Based (574.47 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 62.0B KRW
Revenue growth (YoY) +42.1%
Net margin -6.2%
Return on equity -4.7%
Free cash flow −14.7B KRW FY2025
Operating margin 12.6%
More key figures
EPS growth (YoY) +1,451%
Net debt 14.2B KRW FY2025

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

Quality Score breakdown

Overall quality 34/100

Of which business quality 32 · Market factors (momentum, volatility) 15

Profitability 8
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 82
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

Chemtros Co., Ltd. engages in the manufacture and sale of chemical intermediates, and applied materials and adhesives in South Korea.

Full company description

Chemtros Co., Ltd. engages in the manufacture and sale of chemical intermediates, and applied materials and adhesives in South Korea. The company offers products in the area of electronic materials, including materials at the display field, such as OLED, LCD, etc.; and additives for secondary cells for smartphone, tablet PC, electric automobile, rechargeable battery, etc. It also offers polymer adhesive for optics, fixing components, and general industries, as well as silicon and speaker adhesives; chemical intermediates for industries, such as petrochemistry, polymer, medicine, etc.; active pharmaceutical ingredients and food additives for pharmaceutical companies; industrial raw materials and other solvents; and solutions for original development manufacturing. In addition, the company offers epoxy adhesive for camera module and LED TVs, die attach, silicone sealants for conformal coating, and modified silicone sealants. Chemtros Co., Ltd. was founded in 2006 and is headquartered in Ansan-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chemtros Co reported revenue of 56.8B KRW in FY2025 versus 48.3B KRW in FY2021, a compound +4.1%/yr. Reported net income was −11.8B KRW in FY2025.

Growth Quality 18/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
56.8B KRW
Latest YoY
+12.9%
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.
−0.1%
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.
+5.5%
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.
+5.3%
Revenue +4.1%/yr
FY21 48.3B KRW
FY22 57.0B KRW
FY23 47.5B KRW
FY24 50.3B KRW
FY25 56.8B KRW
Net income
FY21 4.4B KRW
FY22 3.8B KRW
FY23 2.8B KRW
FY24 5.1B KRW
FY25 −11.8B KRW

220260 screens 43% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Chemtros Co Fair Value". https://www.fairvalue-calculator.com/stock/220260

Peer Group

Specialty Chemicals · 669 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 34 · Bottom 25%
Fair Value upside −43% · Below median
Return on assets 2% · Below median
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) 13% · Above median
Revenue growth 42% · Top 25%
Debt / equity 0.01× · Lower than median

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 0 · sector 23
HEALTH 99 · sector 94
DIVIDEND 0 · 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 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 Chemtros Co (220260) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 2,179 KRW versus a price of 3,800 KRW, about −43% (overvalued).
What is the fair value of 220260?
Our model-based fair value for Chemtros Co is 2,179 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 3,800 KRW.
What is the quality score of 220260?
Chemtros Co has a Quality Score of 34/100. 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 Chemtros Co (220260)?
Chemtros Co reported trailing-twelve-month revenue of about 62.0B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 220260?
The net profit margin of Chemtros Co is about -6.2%, meaning it is currently running at a net loss. 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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