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ZGOO Holdings (221800) Fair Value & Analysis

Healthcare · KR · Market cap 78.2B KRW

ZH ZGOO Holdings 221800 · KQ
Price4,115 KRW
Fair Value1,606 KRW
Upside-61.0%
Quality33/100
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Weak Growth
Loss-making · -6.4% net margin
Low debt · negative free cash flow
2.15% dividend yield
Trails peers (2/9)
Narrow moat 10/100
Evidence: Low Range 1,060 KRW – 2,007 KRW Share as image

Fair value as of: Jul 22, 2026

From 3 valuation models · updated 19 days ago

Share price −21.6% over the past month.

Below-average quality, and screening another 61% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2,007 KRW). The favourable scenario is already priced in.
  • Weak quality (33/100) 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 (1,060 KRW to 2,007 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

28,200 KRW 2,298 KRW Fair Value 1,606 KRW Nov 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

33‑month range 2,298 KRW – 28,200 KRW · fair‑value band 1,060 KRW – 2,007 KRW · the 4,115 KRW price screens above the 1,606 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

ZGOO Holdings (221800) currently trades at 4,115 KRW, while our model-based Fair Value estimate is 1,606 KRW, implying the stock looks roughly 61.0% overvalued today. The Quality Score stands at 33/100 (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).

Over the trailing twelve months, ZGOO Holdings generated revenue of 25.6B KRW at a net margin of -6.4%. Revenue grew 0.1% year over year. It earns a return on equity of -4.3%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,060 KRW (bear case) to 2,007 KRW (bull case); at 4,115 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 -48% fair-value upside, at -61%, 221800 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
Gordon GGM 190.52 KRW 208.54 KRW 235.99 KRW 70
DDM Multi-Stage 190.52 KRW 239.04 KRW 307.05 KRW 61
NCAV (Graham) 1,296 KRW 1,737 KRW 2,592 KRW 50
All 3 models by family
Dividend Discount
Gordon GGM 190.52 KRW 208.54 KRW 235.99 KRW 70
DDM Multi-Stage 190.52 KRW 239.04 KRW 307.05 KRW 61
Asset-Based
NCAV (Graham) 1,296 KRW 1,737 KRW 2,592 KRW 50

Widest divergence: Asset-Based (1,737 KRW) versus Dividend Discount (208.54 KRW). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 25.6B KRW
Revenue growth (YoY) +0.1%
Net margin -6.4%
Return on equity -4.3%
Free cash flow −1.8B KRW FY2025
Operating margin -13.4%
More key figures
Dividend yield 1.2%

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 36 · Market factors (momentum, volatility) 33

Profitability 12
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 20
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 39
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

ZGOO Holdings Co., Ltd. provides healthcare services in South Korea. The company also offers specimen testing services; digital healthcare services related to testing and health examinations; and bio-technology platforms. The company was formerly known as U2Bio Co., Ltd. and changed its name to ZGOO Holdings Co., Ltd. in April 2026.

Full company description

ZGOO Holdings Co., Ltd. provides healthcare services in South Korea. The company also offers specimen testing services; digital healthcare services related to testing and health examinations; and bio-technology platforms. The company was formerly known as U2Bio Co., Ltd. and changed its name to ZGOO Holdings Co., Ltd. in April 2026. The company was founded in 2009 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

ZGOO Holdings reported revenue of 25.6B KRW in FY2025 versus 50.6B KRW in FY2021, a compound −15.6%/yr. Reported net income was −1.6B KRW in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
25.6B KRW
Latest YoY
+2.2%
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.
−28.2%
Revenue −15.6%/yr
FY21 50.6B KRW
FY22 69.0B KRW
FY23 30.8B KRW
FY24 25.0B KRW
FY25 25.6B KRW
Net income
FY21 9.2B KRW
FY22 13.2B KRW
FY23 646M KRW
FY24 −2.8B KRW
FY25 −1.6B KRW

221800 screens 61% overvalued. Compare with Thermo Fisher Scientific Inc →

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Cite: Fair Value Calculator (2026). "ZGOO Holdings Fair Value". https://www.fairvalue-calculator.com/stock/221800

Peer Group

Diagnostics & Research · 136 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 33 · Bottom 25%
Fair Value upside −61% · Below median
Return on assets -3% · Below median
Net margin (TTM) -6% · Below median
Operating margin (TTM) -13% · Below median
Revenue growth 0% · Below median
Dividend yield (TTM) 2.2% · Above 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 1 · sector 24
PAST 0 · sector 10
HEALTH 100 · sector 96
DIVIDEND 43 · sector 21

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 Diagnostics & Research stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Thermo Fisher Scientific Inc TMO $543.19 $308.19 -43%
Danaher Corporation DHR $199.66 $103.88 -48%
WuXi AppTec Co 2359 HK$160.70 HK$125.20 -22%
Lonza Group LONN CHF 567.80 CHF 259.80 -54%
IDEXX Laboratories, Inc IDXX $567.44 $255.77 -55%
Agilent Technologies, Inc A $131.46 $62.70 -52%
Waters Corporation WAT $368.98 $121.96 -67%
IQVIA Holdings IQV $207.85 $134.18 -35%
Integrated Diagnostics Holdings IDHC $0.0050 $0.0053 +5%
Illumina, Inc ILMN $186.65 $95.51 -49%

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Frequently asked questions

Is ZGOO Holdings (221800) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,606 KRW versus a price of 4,115 KRW, about −61% (overvalued).
What is the fair value of 221800?
Our model-based fair value for ZGOO Holdings is 1,606 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 4,115 KRW.
What is the quality score of 221800?
ZGOO Holdings has a Quality Score of 33/100. 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 ZGOO Holdings (221800)?
ZGOO Holdings reported trailing-twelve-month revenue of about 25.6B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 221800?
The net profit margin of ZGOO Holdings is about -6.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does ZGOO Holdings pay a dividend?
ZGOO Holdings currently shows a dividend yield of about 1.21% relative to its recent price (as of Jul 22, 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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