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The Nature Holdings (298540) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 90.7B KRW

TN The Nature Holdings 298540 · KQ
Price6,830 KRW
Fair Value8,321 KRW
Upside+21.8%
Quality49/100
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Mixed Growth
Loss-making · -0.5% net margin
Low debt · generates free cash flow
8.14% dividend yield
Mixed vs. peers (4/10)
Narrow moat 22/100
Evidence: Medium Range 7,762 KRW – 10,817 KRW Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 21 days ago

Share price +6.4% over the past month.

Below-average quality, screening 22% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (7,762 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (49/100) 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)

32,808 KRW 5,780 KRW Fair Value 8,321 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 5,780 KRW – 32,808 KRW · fair‑value band 7,762 KRW – 10,817 KRW · the 6,830 KRW price screens below the 8,321 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

The Nature Holdings (298540) currently trades at 6,830 KRW, while our model-based Fair Value estimate is 8,321 KRW, implying the stock looks roughly 21.8% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, The Nature Holdings generated revenue of 462B KRW at a net margin of -0.5%. Revenue declined 12.4% year over year. It earns a return on equity of -2.4%. Net debt stands at 114B KRW. Fundamentals as of Jul 21, 2026

Our scenario range runs from 7,762 KRW (bear case) to 10,817 KRW (bull case); at 6,830 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 43% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -3% fair-value upside, at 22%, 298540 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 19,874 KRW 30,792 KRW 48,651 KRW 80
Residual Income 16,379 KRW 15,540 KRW 12,249 KRW 76
Rev-Margin DCF 11,911 KRW 15,746 KRW 20,562 KRW 74
All 24 models by family
DCF Models
FCF DCF 19,845 KRW 31,328 KRW 50,378 KRW 38
Owner Earnings 16,649 KRW 25,856 KRW 41,129 KRW 31
5Y Revenue Exit 11,911 KRW 15,601 KRW 20,196 KRW 39
5Y EBITDA Exit 23,187 KRW 38,040 KRW 56,241 KRW 41
5Y P/E Exit 13,783 KRW 19,325 KRW 25,328 KRW 38
10Y Revenue Exit 14,372 KRW 18,641 KRW 24,380 KRW 36
10Y EBITDA Exit 21,884 KRW 34,759 KRW 53,546 KRW 37
10Y P/E Exit 15,738 KRW 21,316 KRW 28,533 KRW 35
Earnings-Based
Graham-Dodd 3,199 KRW 13,035 KRW 17,745 KRW 54
Lynch FV 3,267 KRW 4,667 KRW 6,067 KRW 50
PEG = 1.0 3,267 KRW 4,667 KRW 6,067 KRW 46
EPV 6,016 KRW 6,398 KRW 6,732 KRW 59
Multiples
P/E Multiple 7,762 KRW 10,349 KRW 12,936 KRW 63
P/S Multiple 5,998 KRW 7,997 KRW 9,996 KRW 58
P/B Multiple 5,998 KRW 7,997 KRW 9,996 KRW 55
EV/EBIT 10,219 KRW 12,383 KRW 14,548 KRW 53
EV/EBITDA 26,925 KRW 34,658 KRW 42,392 KRW 54
EV/Revenue 8,102 KRW 9,978 KRW 11,854 KRW 43
Asset-Based
NCAV (Graham) 11,639 KRW 15,596 KRW 23,278 KRW 50
Growth DCF
Growth DCF 19,874 KRW 30,792 KRW 48,651 KRW 80
Rev-Margin DCF 11,911 KRW 15,746 KRW 20,562 KRW 74
Economic Profit
Residual Income 16,379 KRW 15,540 KRW 12,249 KRW 76
ROIC Compounder 6,016 KRW 6,398 KRW 6,732 KRW 72
Growth Earnings
Growth-Adj P/E 5,825 KRW 8,321 KRW 10,817 KRW 68

Widest divergence: DCF Models (21,316 KRW) versus Earnings-Based (4,667 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 462B KRW
Revenue growth (YoY) -12.4%
Net margin -0.5%
Return on equity -2.4%
Free cash flow 19.0B KRW FY2025
Operating margin -0.8%
More key figures
Dividend yield 8.1%
EPS growth (YoY) -95.1%
Net debt 114B KRW FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 50 · Market factors (momentum, volatility) 34

Profitability 39
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 86
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

The Nature Holdings Co., Ltd. operates as a lifestyle company. It develops, produces, and distributes camping gear bags, carriers, and camping equipment, including clothing and shoes, as well as sports apparel, cosmetics, ceramic ware, and wedding dresses for women.

Full company description

The Nature Holdings Co., Ltd. operates as a lifestyle company. It develops, produces, and distributes camping gear bags, carriers, and camping equipment, including clothing and shoes, as well as sports apparel, cosmetics, ceramic ware, and wedding dresses for women. The company offers its products under the National Geographic, BARREL, MARK GONZALES, BROMPTON LONDON, DEUS EX MAHINA, NFL, and VERA WANG brands. The company was founded in 2004 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

The Nature Holdings reported revenue of 478B KRW in FY2025 versus 370B KRW in FY2021, a compound +6.6%/yr. Reported net income was 6.8B KRW in FY2025, compounding −41.5%/yr from FY2021.

Growth Quality 71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
478B KRW
Latest YoY
−7.6%
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.
−1.4%
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.
+10.4%
Avg. growth/yr (7Y) 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.
+19.0%
Revenue +6.6%/yr
FY21 370B KRW
FY22 498B KRW
FY23 548B KRW
FY24 517B KRW
FY25 478B KRW
Net income −41.5%/yr
FY21 58.3B KRW
FY22 68.6B KRW
FY23 49.4B KRW
FY24 16.4B KRW
FY25 6.8B KRW

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Cite: Fair Value Calculator (2026). "The Nature Holdings Fair Value". https://www.fairvalue-calculator.com/stock/298540

Peer Group

Apparel Manufacturing · 212 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 49 · Below median
Fair Value upside +22% · Above median
Return on assets -0% · Bottom 25%
Net margin (TTM) -0% · Below median
Operating margin (TTM) -1% · Below median
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 8.1% · Top 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Apparel Manufacturing 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 62 · sector 32
FUTURE 0 · sector 4
PAST 0 · sector 21
HEALTH 100 · sector 98
DIVIDEND 100 · sector 49

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 Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
Gildan Activewear Inc GIL C$73.17 C$32.85 -55%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%

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Frequently asked questions

Is The Nature Holdings (298540) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 8,321 KRW versus a price of 6,830 KRW, about +22% (undervalued).
What is the fair value of 298540?
Our model-based fair value for The Nature Holdings is 8,321 KRW (as of Jul 21, 2026), built from audited fundamentals. The current price is 6,830 KRW.
What is the quality score of 298540?
The Nature Holdings has a Quality Score of 49/100. 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 The Nature Holdings (298540)?
The Nature Holdings reported trailing-twelve-month revenue of about 462B KRW (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 298540?
The net profit margin of The Nature Holdings is about -0.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does The Nature Holdings pay a dividend?
The Nature Holdings currently shows a dividend yield of about 8.43% relative to its recent price (as of Jul 21, 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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