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S&D Co (260970) Fair Value & Analysis

Basic Materials · KR · Market cap 142B KRW

SD S&D Co 260970 · KQ
Price59,100 KRW
Fair Value38,733 KRW
Upside-34.5%
Quality76/100
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Mixed Growth
Solidly profitable · 14.1% net margin
Low debt · generates free cash flow
3.44% dividend yield
Ranks above peers (9/10)
Wide moat 73/100
Evidence: High Range 28,740 KRW – 100,074 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 71,142 KRW to 38,733 KRW (−45.6%) since Jul 7, 2026. Share price +18.0% over the past month.

A strong business, but screening 34% overvalued on our models.

What matters now

  • A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The model range is unusually wide (28,740 KRW to 100,074 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

141,463 KRW 12,167 KRW Fair Value 38,733 KRW Sep 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

58‑month range 12,167 KRW – 141,463 KRW · fair‑value band 28,740 KRW – 100,074 KRW · the 59,100 KRW price screens above the 38,733 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

S&D Co (260970) currently trades at 59,100 KRW, while our model-based Fair Value estimate is 38,733 KRW, implying the stock looks roughly 34.5% overvalued today. The Quality Score stands at 76/100 (high quality), in the Basic Materials 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: high).

Over the trailing twelve months, S&D Co generated revenue of 161B KRW at a net margin of 14.1%. Revenue grew 27.3% year over year. It earns a return on equity of 28.7%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 28,740 KRW (bear case) to 100,074 KRW (bull case); at 59,100 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 60% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -34%, 260970 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 47,306 KRW 80,102 KRW 146,390 KRW 80
Residual Income 48,037 KRW 64,627 KRW 351,144 KRW 76
Rev-Margin DCF 54,511 KRW 105,586 KRW 185,350 KRW 74
All 24 models by family
DCF Models
FCF DCF 49,715 KRW 72,965 KRW 147,001 KRW 38
Owner Earnings 48,206 KRW 97,993 KRW 202,510 KRW 31
5Y Revenue Exit 54,511 KRW 93,969 KRW 174,331 KRW 39
5Y EBITDA Exit 49,052 KRW 82,597 KRW 146,331 KRW 41
5Y P/E Exit 74,923 KRW 159,996 KRW 274,430 KRW 38
10Y Revenue Exit 51,310 KRW 107,048 KRW 157,276 KRW 36
10Y EBITDA Exit 49,290 KRW 95,928 KRW 183,553 KRW 37
10Y P/E Exit 67,881 KRW 148,626 KRW 294,908 KRW 35
Earnings-Based
Graham-Dodd 48,443 KRW 337,835 KRW 474,100 KRW 54
Lynch FV 114,098 KRW 162,996 KRW 211,895 KRW 50
PEG = 1.0 114,098 KRW 162,996 KRW 211,895 KRW 46
EPV 77,346 KRW 88,708 KRW 98,649 KRW 59
Multiples
P/E Multiple 74,802 KRW 99,736 KRW 124,669 KRW 63
P/S Multiple 46,960 KRW 62,613 KRW 78,267 KRW 58
P/B Multiple 40,247 KRW 53,662 KRW 67,078 KRW 55
EV/EBIT 68,825 KRW 88,708 KRW 108,591 KRW 53
EV/EBITDA 48,691 KRW 61,862 KRW 75,033 KRW 54
EV/Revenue 53,006 KRW 71,790 KRW 90,574 KRW 43
Asset-Based
NCAV (Graham) 14,906 KRW 19,974 KRW 29,812 KRW 50
Growth DCF
Growth DCF 47,306 KRW 80,102 KRW 146,390 KRW 80
Rev-Margin DCF 54,511 KRW 105,586 KRW 185,350 KRW 74
Economic Profit
Residual Income 48,037 KRW 64,627 KRW 351,144 KRW 76
ROIC Compounder 93,807 KRW 130,028 KRW 179,371 KRW 72
Growth Earnings
Growth-Adj P/E 129,701 KRW 185,287 KRW 240,873 KRW 68

Widest divergence: Growth Earnings (185,287 KRW) versus Asset-Based (19,974 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 161B KRW
Revenue growth (YoY) +27.3%
Net margin 14.1%
Return on equity 28.7%
Free cash flow 7.0B KRW FY2025
Operating margin 17.9%
More key figures
Dividend yield 3.4%
EPS growth (YoY) +45.2%

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

Quality Score breakdown

Overall quality 76/100

Of which business quality 72 · Market factors (momentum, volatility) 26

Profitability 79
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 90
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

S&D Co., Ltd develops good ingredients and medicare materials in South Korea. The company offers health functional food materials, including Lindera glauca extracts, rice bran extracts, MPG-6/MPGT, RCS, xanthorrhizol, and other materials.

Full company description

S&D Co., Ltd develops good ingredients and medicare materials in South Korea. The company offers health functional food materials, including Lindera glauca extracts, rice bran extracts, MPG-6/MPGT, RCS, xanthorrhizol, and other materials. It also provides general functional food materials comprising seasoning base/raw materials, miscellaneous, and organic materials. The company was founded in 1998 and is based in Cheongju, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

S&D Co reported revenue of 151B KRW in FY2025 versus 61.4B KRW in FY2021, a compound +25.2%/yr. Reported net income was 20.6B KRW in FY2025, compounding +27.9%/yr from FY2021.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
151B KRW
Latest YoY
+30.0%
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.
+27.2%
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.
+21.7%
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.
+24.0%
Revenue +25.2%/yr
FY21 61.4B KRW
FY22 73.3B KRW
FY23 88.3B KRW
FY24 116B KRW
FY25 151B KRW
Net income +27.9%/yr
FY21 7.7B KRW
FY22 9.8B KRW
FY23 11.9B KRW
FY24 17.0B KRW
FY25 20.6B KRW

260970 screens 34% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "S&D Co Fair Value". https://www.fairvalue-calculator.com/stock/260970

Peer Group

Chemicals · 333 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 76 · Top 25%
Fair Value upside −35% · Below median
Return on equity (TTM) 29% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 27% · Top 25%
Dividend yield (TTM) 3.4% · Top 25%

Valuation Multiples vs 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 0 · sector 0
FUTURE 100 · sector 20
PAST 100 · sector 19
HEALTH 100 · sector 94
DIVIDEND 69 · sector 27

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

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is S&D Co (260970) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 38,733 KRW versus a price of 59,100 KRW, about −34% (overvalued).
What is the fair value of 260970?
Our model-based fair value for S&D Co is 38,733 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 59,100 KRW.
What is the quality score of 260970?
S&D Co has a Quality Score of 76/100. 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 S&D Co (260970)?
S&D Co reported trailing-twelve-month revenue of about 161B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 260970?
The net profit margin of S&D Co is about 14.1%, meaning it keeps roughly 14.1% of revenue as net income. Based on the latest reported figures.
Does S&D Co pay a dividend?
S&D Co currently shows a dividend yield of about 3.54% 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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