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JOYWORKS&Co Co (309930) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 15.9B KRW

JC JOYWORKS&Co Co 309930 · KQ
Price952.00 KRW
Fair Value484.35 KRW
Upside-49.1%
Quality32/100
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Mixed Growth
Loss-making · -27.6% net margin
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 19/100
Evidence: Low Range 245.40 KRW – 726.27 KRW Share as image

Fair value as of: Jul 22, 2026

From 3 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 391.41 KRW to 484.35 KRW (+23.7%) since Jun 25, 2026. Share price +2.9% over the past month.

Below-average quality, and screening another 49% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (726.27 KRW). The favourable scenario is already priced in.
  • Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (245.40 KRW to 726.27 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

3,650 KRW 203.75 KRW Fair Value 484.35 KRW Feb 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 203.75 KRW – 3,650 KRW · fair‑value band 245.40 KRW – 726.27 KRW · the 952.00 KRW price screens above the 484.35 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

JOYWORKS&Co Co (309930) currently trades at 952.00 KRW, while our model-based Fair Value estimate is 484.35 KRW, implying the stock looks roughly 49.1% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Consumer Cyclical 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: low).

Over the trailing twelve months, JOYWORKS&Co Co generated revenue of 55.9B KRW at a net margin of -27.6%. Revenue grew 87.0% year over year. It earns a return on equity of -64.6%. Net debt stands at 9.7B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 245.40 KRW (bear case) to 726.27 KRW (bull case); at 952.00 KRW, the current price sits above 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 74% below its 52-week high and 379% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -49%, 309930 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
Gordon GGM 259.25 KRW 539.04 KRW 855.13 KRW 70
DDM Multi-Stage 259.25 KRW 454.53 KRW 565.74 KRW 61
NCAV (Graham) 505.40 KRW 677.24 KRW 1,011 KRW 50
All 3 models by family
Dividend Discount
Gordon GGM 259.25 KRW 539.04 KRW 855.13 KRW 70
DDM Multi-Stage 259.25 KRW 454.53 KRW 565.74 KRW 61
Asset-Based
NCAV (Graham) 505.40 KRW 677.24 KRW 1,011 KRW 50

Widest divergence: Asset-Based (677.24 KRW) versus Dividend Discount (454.53 KRW). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 55.9B KRW
Revenue growth (YoY) +87.0%
Net margin -27.6%
Return on equity -64.6%
Free cash flow −13.5B KRW FY2025
Operating margin 15.9%
More key figures
EPS growth (YoY) -49.9%
Net debt 9.7B KRW FY2025

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

Quality Score breakdown

Overall quality 32/100

Of which business quality 31 · Market factors (momentum, volatility) 54

Profitability 21
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 20
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 100
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

JOYWORKS&Co Co., Ltd. offers interior furniture. It distributes household furniture and home appliances. The company also sells its products through online. It offers its products under the Lady Furniture, Folder Home, and Slowale brand name. The company was formerly known as OHEIM& Company Co.,Ltd. and changed its name to JOYWORKS&Co Co., Ltd.

Full company description

JOYWORKS&Co Co., Ltd. offers interior furniture. It distributes household furniture and home appliances. The company also sells its products through online. It offers its products under the Lady Furniture, Folder Home, and Slowale brand name. The company was formerly known as OHEIM& Company Co.,Ltd. and changed its name to JOYWORKS&Co Co., Ltd. in October 2025. JOYWORKS&Co Co., Ltd. was founded in 2010 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

JOYWORKS&Co Co reported revenue of 46.0B KRW in FY2025 versus 32.3B KRW in FY2021, a compound +9.2%/yr. Reported net income was −18.9B KRW in FY2025.

Growth Quality 13/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
46.0B KRW
Latest YoY
−2.7%
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.
+12.4%
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.
+10.6%
Revenue +9.2%/yr
FY21 32.3B KRW
FY22 32.4B KRW
FY23 41.0B KRW
FY24 47.3B KRW
FY25 46.0B KRW
Net income
FY21 3.7B KRW
FY22 1.5B KRW
FY23 2.5B KRW
FY24 1.4B KRW
FY25 −18.9B KRW

309930 screens 49% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "JOYWORKS&Co Co Fair Value". https://www.fairvalue-calculator.com/stock/309930

Peer Group

Furnishings, Fixtures & Appliances · 311 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 32 · Bottom 25%
Fair Value upside −49% · Below median
Return on assets -5% · Bottom 25%
Net margin (TTM) -28% · Bottom 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 87% · Top 25%
Debt / equity 0.01× · Lower 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 22
FUTURE 100 · sector 0
PAST 0 · sector 19
HEALTH 100 · sector 97
DIVIDEND 0 · sector 55

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

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Frequently asked questions

Is JOYWORKS&Co Co (309930) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 484.35 KRW versus a price of 952.00 KRW, about −49% (overvalued).
What is the fair value of 309930?
Our model-based fair value for JOYWORKS&Co Co is 484.35 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 952.00 KRW.
What is the quality score of 309930?
JOYWORKS&Co Co has a Quality Score of 32/100. 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 JOYWORKS&Co Co (309930)?
JOYWORKS&Co Co reported trailing-twelve-month revenue of about 55.9B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 309930?
The net profit margin of JOYWORKS&Co Co is about -27.6%, 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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