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KD Chem Co (221980) Fair Value & Analysis

Basic Materials · KR · Market cap 35.7B KRW

KC KD Chem Co 221980 · KQ
Price9,460 KRW
Fair Value15,911 KRW
Upside+68.2%
Quality66/100
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Healthy Growth
Thin margins · 4.5% net margin
Low debt · generates free cash flow
5.24% dividend yield
Ranks above peers (9/10)
Narrow moat 39/100
Evidence: High Range 11,933 KRW – 19,889 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Share price −3.5% over the past month.

A solid business, screening 68% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (11,933 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

18,288 KRW 9,250 KRW Fair Value 15,911 KRW Mar 2021 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

60‑month range 9,250 KRW – 18,288 KRW · fair‑value band 11,933 KRW – 19,889 KRW · the 9,460 KRW price screens below the 15,911 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

KD Chem Co (221980) currently trades at 9,460 KRW, while our model-based Fair Value estimate is 15,911 KRW, implying the stock looks roughly 68.2% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, KD Chem Co generated revenue of 64.1B KRW at a net margin of 4.5%. Revenue grew 8.1% year over year. It earns a return on equity of 2.8%. Net debt stands at 2.5B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 11,933 KRW (bear case) to 19,889 KRW (bull case); at 9,460 KRW, the current price sits below 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 15% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 68%, 221980 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
Growth DCF 29,808 KRW 35,987 KRW 45,090 KRW 80
Residual Income 20,169 KRW 19,881 KRW 17,405 KRW 76
Rev-Margin DCF 28,711 KRW 36,648 KRW 45,459 KRW 74
All 24 models by family
DCF Models
FCF DCF 29,223 KRW 35,686 KRW 45,718 KRW 38
Owner Earnings 23,013 KRW 27,053 KRW 33,325 KRW 31
5Y Revenue Exit 28,711 KRW 36,405 KRW 46,354 KRW 39
5Y EBITDA Exit 27,250 KRW 33,875 KRW 41,604 KRW 41
5Y P/E Exit 25,317 KRW 30,525 KRW 35,953 KRW 38
10Y Revenue Exit 28,288 KRW 35,108 KRW 43,163 KRW 36
10Y EBITDA Exit 27,856 KRW 33,421 KRW 39,854 KRW 37
10Y P/E Exit 26,660 KRW 31,187 KRW 35,917 KRW 35
Earnings-Based
Graham-Dodd 6,364 KRW 12,464 KRW 15,604 KRW 54
EPV 26,192 KRW 28,447 KRW 30,421 KRW 59
Dividend Discount
Gordon GGM 4,591 KRW 6,458 KRW 8,371 KRW 70
DDM Multi-Stage 4,591 KRW 6,422 KRW 8,561 KRW 61
Multiples
P/E Multiple 11,933 KRW 15,911 KRW 19,889 KRW 63
P/S Multiple 11,933 KRW 15,911 KRW 19,889 KRW 58
P/B Multiple 11,933 KRW 15,911 KRW 19,889 KRW 55
EV/EBIT 32,195 KRW 38,708 KRW 45,221 KRW 53
EV/EBITDA 28,127 KRW 33,284 KRW 38,441 KRW 54
EV/Revenue 29,590 KRW 36,847 KRW 44,105 KRW 43
Asset-Based
NCAV (Graham) 13,695 KRW 18,352 KRW 27,391 KRW 50
Growth DCF
Growth DCF 29,808 KRW 35,987 KRW 45,090 KRW 80
Rev-Margin DCF 28,711 KRW 36,648 KRW 45,459 KRW 74
Economic Profit
Residual Income 20,169 KRW 19,881 KRW 17,405 KRW 76
ROIC Compounder 26,192 KRW 28,700 KRW 31,591 KRW 72
Growth Earnings
Growth-Adj P/E 8,699 KRW 12,427 KRW 16,155 KRW 68

Widest divergence: Growth DCF (35,987 KRW) versus Dividend Discount (6,422 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 64.1B KRW
Revenue growth (YoY) +8.1%
Net margin 4.5%
Return on equity 2.8%
Free cash flow 6.0B KRW FY2025
Operating margin 12.2%
More key figures
Dividend yield 5.2%
EPS growth (YoY) -40.6%
Net debt 2.5B KRW FY2020

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 66 · Market factors (momentum, volatility) 46

Profitability 28
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 85
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

KD Chem Co., Ltd. manufactures and sells fine chemicals in South Korea. It provides general purpose stabilizers for suspension PVC applications; calendar foaming stabilizers for suspension PVC applications; kickers for emulsion PVC applications; stabilizers for emulsion PVC applications; Ca-Zn type stabilizers for wires/hoses; organotin type stabilizers; …

Full company description

KD Chem Co., Ltd. manufactures and sells fine chemicals in South Korea. It provides general purpose stabilizers for suspension PVC applications; calendar foaming stabilizers for suspension PVC applications; kickers for emulsion PVC applications; stabilizers for emulsion PVC applications; Ca-Zn type stabilizers for wires/hoses; organotin type stabilizers; co-stabilizers; and lubricants and other additives. The company also exports its products to approximately 30 countries. The company was formerly known as Korea Daehyup Chemical Co., Ltd. and changed its name to KD Chem Co., Ltd. in July 2008. KD Chem Co., Ltd. was founded in 1986 and is headquartered in Boeun-Gun, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KD Chem Co reported revenue of 62.9B KRW in FY2025 versus 54.1B KRW in FY2021, a compound +3.9%/yr. Reported net income was 3.5B KRW in FY2025, compounding −18.6%/yr from FY2021.

Growth Quality 71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
62.9B KRW
Latest YoY
+0.8%
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.
+0.4%
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.
+5.8%
Avg. growth/yr (11Y) 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.
+3.5%
Revenue +3.9%/yr
FY21 54.1B KRW
FY22 62.1B KRW
FY23 59.1B KRW
FY24 62.4B KRW
FY25 62.9B KRW
Net income −18.6%/yr
FY21 8.0B KRW
FY22 8.2B KRW
FY23 5.3B KRW
FY24 5.4B KRW
FY25 3.5B KRW

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Cite: Fair Value Calculator (2026). "KD Chem Co Fair Value". https://www.fairvalue-calculator.com/stock/221980

Peer Group

Specialty Chemicals · 673 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 66 · Top 25%
Fair Value upside +68% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 3% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 8% · Above median
Dividend yield (TTM) 5.2% · Top 25%

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/FCF 0.0× · 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 100 · sector 0
FUTURE 41 · sector 19
PAST 11 · sector 23
HEALTH 100 · sector 95
DIVIDEND 100 · sector 25

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 22, 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 KD Chem Co (221980) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 15,911 KRW versus a price of 9,460 KRW, about +68% (undervalued).
What is the fair value of 221980?
Our model-based fair value for KD Chem Co is 15,911 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 9,460 KRW.
What is the quality score of 221980?
KD Chem Co has a Quality Score of 66/100. 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 KD Chem Co (221980)?
KD Chem Co reported trailing-twelve-month revenue of about 64.1B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 221980?
The net profit margin of KD Chem Co is about 4.5%, meaning it keeps roughly 4.5% of revenue as net income. Based on the latest reported figures.
Does KD Chem Co pay a dividend?
KD Chem Co currently shows a dividend yield of about 4.93% 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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