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Mcnulty Korea Co (222980) Fair Value & Analysis

Consumer Defensive · KR · Market cap 23.3B KRW

MK Mcnulty Korea Co 222980 · KQ
Price2,060 KRW
Fair Value1,157 KRW
Upside-43.8%
Quality58/100
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Mixed Growth
Loss-making · -0.4% net margin
Low debt · generates free cash flow
Trails peers (3/9)
Narrow moat 23/100
Evidence: Medium Range 1,157 KRW – 2,859 KRW Share as image

Fair value as of: Jul 20, 2026

From 11 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 581.55 KRW to 1,157 KRW (+98.9%) since Jul 7, 2026. Share price −2.1% over the past month.

A solid business, but screening 44% overvalued on our models.

What matters now

  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (1,157 KRW to 2,859 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

12,173 KRW 1,685 KRW Fair Value 1,157 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 1,685 KRW – 12,173 KRW · fair‑value band 1,157 KRW – 2,859 KRW · the 2,060 KRW price screens above the 1,157 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Mcnulty Korea Co (222980) currently trades at 2,060 KRW, while our model-based Fair Value estimate is 1,157 KRW, implying the stock looks roughly 43.8% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Defensive 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: medium).

Over the trailing twelve months, Mcnulty Korea Co generated revenue of 95.3B KRW at a net margin of -0.4%. Revenue declined 4.3% year over year. It earns a return on equity of -1.6%. Net debt stands at 30.3B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 1,157 KRW (bear case) to 2,859 KRW (bull case); at 2,060 KRW, the current price sits within 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 55% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at -44%, 222980 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
Growth DCF 6,327 KRW 11,131 KRW 19,474 KRW 80
Rev-Margin DCF 5,084 KRW 8,542 KRW 13,133 KRW 74
EV/EBITDA 2,905 KRW 3,757 KRW 4,608 KRW 54
All 11 models by family
DCF Models
FCF DCF 6,411 KRW 11,765 KRW 21,398 KRW 38
Owner Earnings 2,757 KRW 4,883 KRW 8,708 KRW 31
5Y Revenue Exit 5,084 KRW 8,628 KRW 13,476 KRW 39
5Y EBITDA Exit 3,885 KRW 6,093 KRW 8,814 KRW 41
10Y Revenue Exit 5,330 KRW 8,894 KRW 14,457 KRW 36
10Y EBITDA Exit 4,672 KRW 7,010 KRW 10,459 KRW 37
Multiples
EV/EBITDA 2,905 KRW 3,757 KRW 4,608 KRW 54
EV/Revenue 4,486 KRW 6,258 KRW 8,029 KRW 43
Asset-Based
NCAV (Graham) 1,543 KRW 2,068 KRW 3,086 KRW 50
Growth DCF
Growth DCF 6,327 KRW 11,131 KRW 19,474 KRW 80
Rev-Margin DCF 5,084 KRW 8,542 KRW 13,133 KRW 74

Widest divergence: Growth DCF (8,542 KRW) versus Asset-Based (2,068 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 95.3B KRW
Revenue growth (YoY) -4.3%
Net margin -0.4%
Return on equity -1.6%
Free cash flow 4.9B KRW FY2025
Operating margin 0.3%
More key figures
EPS growth (YoY) -76.6%
Net debt 30.3B KRW FY2025

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 29

Profitability 34
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 94
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

Mcnulty Korea Co., Ltd. produces and sells coffee beans in South Korea. The company offers whole bean/ground coffee beans, hand-drip coffee, instant coffee, and fresh and brewed coffee; and health functional food products.

Full company description

Mcnulty Korea Co., Ltd. produces and sells coffee beans in South Korea. The company offers whole bean/ground coffee beans, hand-drip coffee, instant coffee, and fresh and brewed coffee; and health functional food products. It also develops, produces, and sell pharmaceutical products for anti-allergic complex; and operates roastery café, as well as provides related training services. It offers its products under Coffee with Happiness, Mcnulty, iBrew, Origin, and ALE JANDRO brand name. Mcnulty Korea Co., Ltd. was founded in 1895 and is headquartered in Cheonan-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mcnulty Korea Co reported revenue of 96.3B KRW in FY2025 versus 53.4B KRW in FY2021, a compound +15.9%/yr. Reported net income was −1.3B KRW in FY2025.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
96.3B KRW
Latest YoY
+8.4%
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.
+11.1%
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.
+14.4%
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.
+13.5%
Revenue +15.9%/yr
FY21 53.4B KRW
FY22 70.2B KRW
FY23 78.4B KRW
FY24 88.8B KRW
FY25 96.3B KRW
Net income
FY21 1.9B KRW
FY22 −3.2B KRW
FY23 −3.4B KRW
FY24 79.5M KRW
FY25 −1.3B KRW

222980 screens 44% overvalued. Compare with Muyuan Foods Group →

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Cite: Fair Value Calculator (2026). "Mcnulty Korea Co Fair Value". https://www.fairvalue-calculator.com/stock/222980

Peer Group

Farm Products · 288 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 58 · Above median
Fair Value upside −44% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) -0% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth -4% · Below median
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Farm Products 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 0 · sector 25
FUTURE 0 · sector 20
PAST 0 · sector 17
HEALTH 99 · sector 94
DIVIDEND 0 · sector 38

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

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 -17%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%

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Frequently asked questions

Is Mcnulty Korea Co (222980) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 1,157 KRW versus a price of 2,060 KRW, about −44% (overvalued).
What is the fair value of 222980?
Our model-based fair value for Mcnulty Korea Co is 1,157 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 2,060 KRW.
What is the quality score of 222980?
Mcnulty Korea Co has a Quality Score of 58/100. 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 Mcnulty Korea Co (222980)?
Mcnulty Korea Co reported trailing-twelve-month revenue of about 95.3B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 222980?
The net profit margin of Mcnulty Korea Co is about -0.4%, 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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