P&H Tech Co. Ltd. (239890) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of P&H Tech Co. Ltd. stock KRW 3,137, price KRW 2,930, upside +7.1%, quality 58 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 2,915 KRW – 32,210 KRW · fair‑value band 2,196 KRW – 4,079 KRW · the 2,930 KRW price screens below the 3,137 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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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.
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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.
Stock analysis
P&H Tech Co. Ltd. (239890) currently trades at 2,930 KRW, while our model-based Fair Value estimate is 3,137 KRW, so the stock looks roughly fairly valued today (gap 6.6%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 15,713 KRW per share, and 19 of the 24 models we run sit above the 2,930 KRW price.
Bear case: the Asset-Based group reads lowest at 2,443 KRW, and 5 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 2,196 KRW (bear) to 4,079 KRW (bull), the price of 2,930 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
P&H Tech Co. Ltd. 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.
Key figures
Market cap 29.1B KRW (≈ $21.5M) Micro · P/E ratio 10.1 · P/S ratio 1.09 · EPS (TTM) 292.98 KRW · Dividend yield 6.8% · Net margin 10.9% · Return on equity 5.3% · Return on assets (EBIT) 6.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 57% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 7%, 239890 screens cheaper than that median.
Fair Value models
Bear2,196 KRWFair Value 3,137 KRWBull4,079 KRW
Price 2,930 KRW · Upside +7.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (79.73 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF12,399 KRW20,842 KRW45,299 KRW72
5Y EBITDA Exit5,776 KRW9,164 KRW15,178 KRW71
EPV1,797 KRW2,081 KRW2,331 KRW71
All 24 models by family
DCF Models
FCF DCF12,399 KRW20,842 KRW45,299 KRW72
Owner Earnings10,780 KRW24,560 KRW53,793 KRW68
5Y Revenue Exit5,052 KRW7,598 KRW12,298 KRW69
5Y EBITDA Exit5,776 KRW9,164 KRW15,178 KRW71
5Y P/E Exit6,140 KRW10,775 KRW16,477 KRW67
10Y Revenue Exit7,093 KRW11,345 KRW15,440 KRW65
10Y EBITDA Exit7,689 KRW12,729 KRW21,035 KRW64
10Y P/E Exit7,947 KRW13,423 KRW22,165 KRW60
Earnings-Based
Graham-Dodd1,965 KRW13,700 KRW19,226 KRW61
Lynch FV4,095 KRW5,850 KRW7,605 KRW59
PEG = 1.04,095 KRW5,850 KRW7,605 KRW55
EPV1,797 KRW2,081 KRW2,331 KRW71
Multiples
P/E Multiple3,683 KRW4,911 KRW6,139 KRW63
P/S Multiple3,410 KRW4,547 KRW5,684 KRW58
P/B Multiple12,450 KRW16,600 KRW20,749 KRW55
EV/EBIT2,030 KRW2,803 KRW3,575 KRW66
EV/EBITDA2,883 KRW3,940 KRW4,998 KRW67
EV/Revenue1,721 KRW2,582 KRW3,443 KRW53
Asset-Based
NCAV (Graham)1,613 KRW2,443 KRW3,054 KRW54
Growth DCF
Growth DCF11,829 KRW23,253 KRW45,329 KRW71
Rev-Margin DCF5,052 KRW8,173 KRW12,775 KRW69
Economic Profit
Residual Income4,327 KRW4,396 KRW4,684 KRW68
ROIC Compounder1,797 KRW2,081 KRW2,331 KRW70
Growth Earnings
Growth-Adj P/E5,126 KRW7,323 KRW9,520 KRW65
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−10.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−4.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+28.7%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+23.1%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+0.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.2%
Dividend (yield on the price)6.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−21% → 7%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−36.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −37.9% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Chemicals · 728 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+7.1% · Above median
Profitability
Return on equity (12 months)5.3% · Below median
Return on assets4.3% · Above median
Net margin (12 months)10.9% · Top 25%
Operating margin (12 months)2.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−22.2% · Bottom 25%
Dividend yield (12 months)6.8% · Top 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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Is P&H Tech Co. Ltd. (239890) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 3,137 KRW versus a price of 2,930 KRW, about +7% upside (fairly valued).
What is the fair value of 239890?
Our model-based fair value for P&H Tech Co. Ltd. is 3,137 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 2,930 KRW.
What is the quality score of 239890?
P&H Tech Co. Ltd. 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 price target for P&H Tech Co. Ltd. (239890)?
Our model-based price target is the fair value of 3,137 KRW (as of Nov 3, 2026) from 24 valuation models. Cautious scenario 2,196 KRW, optimistic scenario 4,079 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the P&H Tech Co. Ltd. stock forecast for 2026?
Our models put fair value at 3,137 KRW, about +7% upside versus a price of 2,930 KRW (fairly valued). Cautious scenario 2,196 KRW, optimistic scenario 4,079 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of P&H Tech Co. Ltd. (239890)?
P&H Tech Co. Ltd. reported trailing-twelve-month revenue of about 26.7B KRW (latest available figure, as of Nov 3, 2026).
Does P&H Tech Co. Ltd. pay a dividend?
P&H Tech Co. Ltd. currently shows a dividend yield of 6.83% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of P&H Tech Co. Ltd. (239890) and when is the ex-dividend date?
P&H Tech Co. Ltd. pays a dividend of 200.00 KRW per share a year, a dividend yield of 6.8%. The last ex-dividend date was Dec 29, 2025. The payout ratio is 68.3% of earnings. Free cash flow covers the dividend 3.61 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into P&H Tech Co. Ltd. (239890)?
For today's price to be fair in a discounted-cash-flow model, P&H Tech Co. Ltd. would have to grow free cash flow by -36.6 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.7 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 239890 use?
Our models discount P&H Tech Co. Ltd. at 8.9 %: a base by market capitalisation (nano), damped by beta 0.35, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For P&H Tech Co. Ltd. that is -36.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has P&H Tech Co. Ltd. (239890) delivered so far?
Over the past 5 years revenue at P&H Tech Co. Ltd. grew +28.7 % a year. The price currently implies free-cash-flow growth of -36.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of P&H Tech Co. Ltd. (239890) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into P&H Tech Co. Ltd. (-36.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of P&H Tech Co. Ltd. (239890)?
The free-cash-flow yield on the price is 24.66 %: that much free cash flow P&H Tech Co. Ltd. produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of P&H Tech Co. Ltd. (239890)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For P&H Tech Co. Ltd. it is 3,137 KRW per share (as of Nov 3, 2026), against a price of 2,930 KRW. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is P&H Tech Co. Ltd. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 239890 trades below its calculated fair value: price 2,930 KRW, fair value 3,137 KRW, a gap of about +7% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 239890?
No. The price is what the market pays today (2,930 KRW); the fair value is what the company's own numbers justify (3,137 KRW). For P&H Tech Co. Ltd. the two are 207.44 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is P&H Tech Co. Ltd. worth?
The market values P&H Tech Co. Ltd. at about 29.1B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 2,930 KRW; our models calculate a fair value of 3,137 KRW per share.
What do the bullish and bearish scenarios say about 239890?
Our models span a range for P&H Tech Co. Ltd.: cautious scenario 2,196 KRW, base 3,137 KRW, optimistic 4,079 KRW per share (as of Nov 3, 2026, price 2,930 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 239890?
P&H Tech Co. Ltd. trades at a price-to-earnings ratio of 10.1 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3,137 KRW is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 22.9. Other multiples: P/B 0.5, P/S 1.1, EV/EBITDA 7.9.
How solid is the balance sheet of P&H Tech Co. Ltd. (239890)?
Balance-sheet figures for P&H Tech Co. Ltd. (as of Nov 3, 2026): return on equity 5.3%, debt of 0.05 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 239890 from its 52-week high?
P&H Tech Co. Ltd. trades at 2,930 KRW, about 57% below its 52-week high of 6,750 KRW and 1% above the low of 2,915 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3,137 KRW is for.
Which stocks are comparable to P&H Tech Co. Ltd.?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is P&H Tech Co. Ltd. stock attractive at the current price?
The data as of Nov 3, 2026: price 2,930 KRW, calculated fair value 3,137 KRW (+7%), Quality Score 58/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 239890 calculated?
We run P&H Tech Co. Ltd. through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 3,137 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. P&H Tech Co. Ltd. currently trades 7% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of P&H Tech Co. Ltd. (239890)?
The closing price on Nov 6, 2026 was 2,930 KRW. Our model-based fair value is 3,137 KRW, about +7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with P&H Tech Co. Ltd. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (2,196 KRW to 4,079 KRW) leaves room in how you read the outcome.
Key figures of P&H Tech Co. Ltd.
How large is the market capitalisation of P&H Tech Co. Ltd. (239890)?
The market capitalisation of P&H Tech Co. Ltd. is 29.1B KRW (≈ $21.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of P&H Tech Co. Ltd. (239890)?
The price-to-sales ratio of P&H Tech Co. Ltd. is 1.09 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of P&H Tech Co. Ltd. (239890)?
Earnings per share at P&H Tech Co. Ltd. are 292.98 KRW (price ÷ EPS = P/E 10.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of P&H Tech Co. Ltd. (239890)?
The dividend yield of P&H Tech Co. Ltd. is 6.8% (payout 68.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of P&H Tech Co. Ltd. (239890)?
The net margin of P&H Tech Co. Ltd. is 10.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of P&H Tech Co. Ltd. (239890)?
The return on equity (ROE) of P&H Tech Co. Ltd. is 5.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of P&H Tech Co. Ltd. (239890)?
On an EBIT basis the return on assets of P&H Tech Co. Ltd. is 6.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of P&H Tech Co. Ltd. (239890)?
The operating margin of P&H Tech Co. Ltd. is 2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at P&H Tech Co. Ltd. (239890)?
Revenue at P&H Tech Co. Ltd. is growing −22.2% versus a year earlier (3y avg −4.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at P&H Tech Co. Ltd. (239890)?
Earnings per share at P&H Tech Co. Ltd. are growing +53.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does P&H Tech Co. Ltd. (239890) carry?
The net debt of P&H Tech Co. Ltd. is 2.9B KRW (fiscal year 2025, ≈ 0.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 3, 2026