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P&H Tech Co (239890) Fair Value & Analysis

Basic Materials · KR · Market cap 34.1B KRW

PH P&H Tech Co 239890 · KQ
Price3,605 KRW
Fair Value4,547 KRW
Upside+26.1%
Quality57/100
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Mixed Growth
Thin margins · 8.6% net margin
Low debt · generates free cash flow
5.93% dividend yield
Ranks above peers (6/10)
Narrow moat 32/100
Evidence: High Range 3,410 KRW – 5,684 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Share price −3.9% over the past month.

A solid business, screening 26% undervalued on our models.

What matters now

  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 3,410 KRW (bear) to 5,684 KRW (bull), base 4,547 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 57/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

32,210 KRW 2,915 KRW Fair Value 4,547 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 2,915 KRW – 32,210 KRW · fair‑value band 3,410 KRW – 5,684 KRW · the 3,605 KRW price screens below the 4,547 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

P&H Tech Co (239890) currently trades at 3,605 KRW, while our model-based Fair Value estimate is 4,547 KRW, implying the stock looks roughly 26.1% undervalued today. The Quality Score stands at 57/100 (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, P&H Tech Co generated revenue of 28.7B KRW at a net margin of 8.6%. Revenue declined 20.6% year over year. It earns a return on equity of 4.6%. Net debt stands at 2.9B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 3,410 KRW (bear case) to 5,684 KRW (bull case); at 3,605 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 49% below its 52-week high and 6% 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 26%, 239890 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 10,993 KRW 21,395 KRW 41,285 KRW 80
Rev-Margin DCF 4,838 KRW 7,875 KRW 12,357 KRW 74
ROIC Compounder 1,776 KRW 2,053 KRW 2,296 KRW 72
All 24 models by family
DCF Models
FCF DCF 11,529 KRW 19,254 KRW 41,468 KRW 38
Owner Earnings 6,083 KRW 13,697 KRW 29,680 KRW 31
5Y Revenue Exit 4,838 KRW 7,326 KRW 11,933 KRW 39
5Y EBITDA Exit 5,558 KRW 8,882 KRW 14,796 KRW 41
5Y P/E Exit 5,919 KRW 10,470 KRW 16,086 KRW 38
10Y Revenue Exit 6,706 KRW 10,786 KRW 14,748 KRW 36
10Y EBITDA Exit 7,296 KRW 12,154 KRW 20,199 KRW 37
10Y P/E Exit 7,551 KRW 12,840 KRW 21,315 KRW 35
Earnings-Based
Graham-Dodd 1,965 KRW 13,700 KRW 19,226 KRW 54
Lynch FV 4,095 KRW 5,850 KRW 7,605 KRW 50
PEG = 1.0 4,095 KRW 5,850 KRW 7,605 KRW 46
EPV 1,776 KRW 2,053 KRW 2,296 KRW 59
Multiples
P/E Multiple 3,683 KRW 4,911 KRW 6,139 KRW 63
P/S Multiple 3,410 KRW 4,547 KRW 5,684 KRW 58
P/B Multiple 3,683 KRW 4,911 KRW 6,139 KRW 55
EV/EBIT 2,434 KRW 3,206 KRW 3,979 KRW 53
EV/EBITDA 3,287 KRW 4,344 KRW 5,402 KRW 54
EV/Revenue 2,124 KRW 2,986 KRW 3,847 KRW 43
Asset-Based
NCAV (Graham) 2,798 KRW 3,749 KRW 5,596 KRW 50
Growth DCF
Growth DCF 10,993 KRW 21,395 KRW 41,285 KRW 80
Rev-Margin DCF 4,838 KRW 7,875 KRW 12,357 KRW 74
Economic Profit
Residual Income 4,310 KRW 4,371 KRW 4,224 KRW 61
ROIC Compounder 1,776 KRW 2,053 KRW 2,296 KRW 72
Growth Earnings
Growth-Adj P/E 5,126 KRW 7,323 KRW 9,520 KRW 68

Widest divergence: DCF Models (10,786 KRW) versus Economic Profit (2,053 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 28.7B KRW
Revenue growth (YoY) -20.6%
Net margin 8.6%
Return on equity 4.6%
Free cash flow 7.2B KRW FY2025
Operating margin 1.6%
More key figures
Dividend yield 5.9%
EPS growth (YoY) -71.1%
Net debt 2.9B KRW FY2025

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 60 · Market factors (momentum, volatility) 17

Profitability 33
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 94
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 69
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

P&H Tech Co., Ltd. develops, produces, and sells organic light emitting diode (OLED) materials and catalysts in South Korea and internationally. The company offers general materials, EBL, HTL, HOST, OLED intermediates and catalysts, and other organic synthetic materials. It sells its products to the OLED display market. P&H Tech Co., Ltd.

Full company description

P&H Tech Co., Ltd. develops, produces, and sells organic light emitting diode (OLED) materials and catalysts in South Korea and internationally. The company offers general materials, EBL, HTL, HOST, OLED intermediates and catalysts, and other organic synthetic materials. It sells its products to the OLED display market. P&H Tech Co., Ltd. was founded in 2007 and is headquartered in Yongin-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

P&H Tech Co reported revenue of 30.1B KRW in FY2025 versus 24.1B KRW in FY2021, a compound +5.8%/yr. Reported net income was 2.9B KRW in FY2025, compounding −5.7%/yr from FY2021.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
30.1B KRW
Latest YoY
−10.3%
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.
−4.9%
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.
+28.7%
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.
+23.1%
Revenue +5.8%/yr
FY21 24.1B KRW
FY22 35.0B KRW
FY23 40.2B KRW
FY24 33.6B KRW
FY25 30.1B KRW
Net income −5.7%/yr
FY21 3.6B KRW
FY22 7.6B KRW
FY23 5.6B KRW
FY24 3.4B KRW
FY25 2.9B KRW

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Cite: Fair Value Calculator (2026). "P&H Tech Co Fair Value". https://www.fairvalue-calculator.com/stock/239890

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 57 · Above median
Fair Value upside +26% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 2% · Bottom 25%
Revenue growth -21% · Bottom 25%
Dividend yield (TTM) 5.9% · Top 25%
Debt / equity 0.05× · Lower than median

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 68 · sector 0
FUTURE 0 · sector 19
PAST 18 · sector 23
HEALTH 98 · 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).

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Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
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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 P&H Tech Co (239890) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 4,547 KRW versus a price of 3,605 KRW, about +26% (undervalued).
What is the fair value of 239890?
Our model-based fair value for P&H Tech Co is 4,547 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 3,605 KRW.
What is the quality score of 239890?
P&H Tech Co has a Quality Score of 57/100. 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 P&H Tech Co (239890)?
P&H Tech Co reported trailing-twelve-month revenue of about 28.7B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 239890?
The net profit margin of P&H Tech Co is about 8.6%, meaning it keeps roughly 8.6% of revenue as net income. Based on the latest reported figures.
Does P&H Tech Co pay a dividend?
P&H Tech Co currently shows a dividend yield of about 5.25% 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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