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KBG Corp (318000) Fair Value & Analysis

Basic Materials · KR · Market cap 24.6B KRW

KC KBG Corp 318000 · KQ
Price3,050 KRW
Fair Value4,998 KRW
Upside+63.9%
Quality64/100
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Mixed Growth
Solidly profitable · 12.3% net margin
Low debt · generates free cash flow
2.05% dividend yield
Ranks above peers (9/10)
Moderate moat 45/100
Evidence: High Range 3,691 KRW – 6,305 KRW Share as image

Fair value as of: Jul 21, 2026

From 22 valuation models · updated 20 days ago

Share price −1.0% over the past month.

A solid business, screening 64% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (3,691 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) 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)

18,575 KRW 2,595 KRW Fair Value 4,998 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 2,595 KRW – 18,575 KRW · fair‑value band 3,691 KRW – 6,305 KRW · the 3,050 KRW price screens below the 4,998 KRW fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

KBG Corp (318000) currently trades at 3,050 KRW, while our model-based Fair Value estimate is 4,998 KRW, implying the stock looks roughly 63.9% undervalued today. The Quality Score stands at 64/100 (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, KBG Corp generated revenue of 23.2B KRW at a net margin of 12.3%. Revenue declined 12.0% year over year. It earns a return on equity of 6.2%. Net debt stands at 2.0B KRW. Fundamentals as of Jul 21, 2026

Our scenario range runs from 3,691 KRW (bear case) to 6,305 KRW (bull case); at 3,050 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 51% 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 -58% fair-value upside, at 64%, 318000 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 8,647 KRW 11,358 KRW 16,366 KRW 80
Residual Income 4,197 KRW 4,288 KRW 4,231 KRW 76
Rev-Margin DCF 5,045 KRW 6,552 KRW 8,557 KRW 74
All 22 models by family
DCF Models
FCF DCF 8,325 KRW 11,089 KRW 16,676 KRW 38
Owner Earnings 4,643 KRW 6,124 KRW 9,117 KRW 31
5Y Revenue Exit 5,045 KRW 6,372 KRW 8,383 KRW 39
5Y EBITDA Exit 5,489 KRW 7,125 KRW 9,395 KRW 41
5Y P/E Exit 5,424 KRW 7,014 KRW 9,022 KRW 38
10Y Revenue Exit 6,168 KRW 7,497 KRW 8,917 KRW 36
10Y EBITDA Exit 6,519 KRW 7,993 KRW 9,568 KRW 37
10Y P/E Exit 6,479 KRW 7,920 KRW 9,328 KRW 35
Earnings-Based
Graham-Dodd 2,026 KRW 3,274 KRW 3,953 KRW 54
EPV 3,229 KRW 3,702 KRW 4,115 KRW 59
Multiples
P/E Multiple 3,799 KRW 5,065 KRW 6,331 KRW 63
P/S Multiple 3,093 KRW 4,125 KRW 5,156 KRW 58
P/B Multiple 3,799 KRW 5,065 KRW 6,331 KRW 55
EV/EBIT 4,002 KRW 5,206 KRW 6,410 KRW 53
EV/EBITDA 4,312 KRW 5,619 KRW 6,926 KRW 54
EV/Revenue 3,278 KRW 4,516 KRW 5,753 KRW 43
Asset-Based
NCAV (Graham) 2,697 KRW 3,614 KRW 5,394 KRW 50
Growth DCF
Growth DCF 8,647 KRW 11,358 KRW 16,366 KRW 80
Rev-Margin DCF 5,045 KRW 6,552 KRW 8,557 KRW 74
Economic Profit
Residual Income 4,197 KRW 4,288 KRW 4,231 KRW 76
ROIC Compounder 3,229 KRW 3,702 KRW 4,115 KRW 72
Growth Earnings
Growth-Adj P/E 2,706 KRW 3,866 KRW 5,026 KRW 68

Widest divergence: DCF Models (7,125 KRW) versus Earnings-Based (3,274 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 23.2B KRW
Revenue growth (YoY) -12.0%
Net margin 12.3%
Return on equity 6.2%
Free cash flow 6.9B KRW FY2025
Operating margin 13.4%
More key figures
Dividend yield 1.8%
EPS growth (YoY) +54.4%
Net debt 2.0B KRW FY2022

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 66 · Market factors (momentum, volatility) 23

Profitability 35
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 71
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

KBG Corp. produces and supplies a range of fine chemicals in South Korea and internationally. The company offers silicone chemicals, such as functional organosilanes, functional silicone polymers, silicone resins and intermediates, silicone pressure sensitive adhesives, and silicone materials for electronics; specialty chemicals, including polymerization …

Full company description

KBG Corp. produces and supplies a range of fine chemicals in South Korea and internationally. The company offers silicone chemicals, such as functional organosilanes, functional silicone polymers, silicone resins and intermediates, silicone pressure sensitive adhesives, and silicone materials for electronics; specialty chemicals, including polymerization inhibitors; and food additives, as well as silicon inorganic chemical materials, organic materials, bio-materials, and others. It serves electric and electronics, automobile, construction, chemical related industries of food and pharmaceuticals, petrochemicals, etc. The company was formerly known as Korea Bio-Gen Co.,Ltd. KBG Corp. was founded in 2001 and is headquartered in Cheonan-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KBG Corp reported revenue of 23.9B KRW in FY2025 versus 27.2B KRW in FY2021, a compound −3.2%/yr. Reported net income was 2.6B KRW in FY2025, compounding −10.3%/yr from FY2021.

Growth Quality 65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
23.9B KRW
Latest YoY
−4.0%
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.
−0.6%
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.
+3.9%
Avg. growth/yr (8Y) 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.
+6.5%
Revenue −3.2%/yr
FY21 27.2B KRW
FY22 24.3B KRW
FY23 21.6B KRW
FY24 24.9B KRW
FY25 23.9B KRW
Net income −10.3%/yr
FY21 4.0B KRW
FY22 3.3B KRW
FY23 4.6B KRW
FY24 3.8B KRW
FY25 2.6B KRW

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Cite: Fair Value Calculator (2026). "KBG Corp Fair Value". https://www.fairvalue-calculator.com/stock/318000

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 64 · Top 25%
Fair Value upside +64% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets 4% · Above median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 13% · Above median
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 2.1% · Above 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 100 · sector 0
FUTURE 0 · sector 19
PAST 25 · sector 23
HEALTH 100 · sector 95
DIVIDEND 41 · 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 21, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
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 KBG Corp (318000) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 4,998 KRW versus a price of 3,050 KRW, about +64% (undervalued).
What is the fair value of 318000?
Our model-based fair value for KBG Corp is 4,998 KRW (as of Jul 21, 2026), built from audited fundamentals. The current price is 3,050 KRW.
What is the quality score of 318000?
KBG Corp has a Quality Score of 64/100. 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 KBG Corp (318000)?
KBG Corp reported trailing-twelve-month revenue of about 23.2B KRW (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 318000?
The net profit margin of KBG Corp is about 12.3%, meaning it keeps roughly 12.3% of revenue as net income. Based on the latest reported figures.
Does KBG Corp pay a dividend?
KBG Corp currently shows a dividend yield of about 1.83% 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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