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Sukgyung AT Co (357550) Fair Value & Analysis

Basic Materials · KR · Market cap 188B KRW

SA Sukgyung AT Co 357550 · KQ
Price35,100 KRW
Fair Value8,160 KRW
Upside-76.8%
Quality55/100
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Expensive Growth
Highly profitable · 20.2% net margin
Low debt · negative free cash flow
Ranks above peers (5/8)
Moderate moat 62/100
Evidence: Medium Range 7,009 KRW – 11,003 KRW Share as image

Fair value as of: Jul 22, 2026

From 14 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 9,413 KRW to 8,160 KRW (−13.3%) since Jul 9, 2026. Share price −6.4% over the past month.

A solid business, but screening 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (11,003 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

74,000 KRW 13,300 KRW Fair Value 8,160 KRW Mar 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 13,300 KRW – 74,000 KRW · fair‑value band 7,009 KRW – 11,003 KRW · the 35,100 KRW price screens above the 8,160 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Sukgyung AT Co (357550) currently trades at 35,100 KRW, while our model-based Fair Value estimate is 8,160 KRW, implying the stock looks roughly 76.8% overvalued today. The Quality Score stands at 55/100 (solid 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: medium).

Over the trailing twelve months, Sukgyung AT Co generated revenue of 17.2B KRW at a net margin of 20.2%. Revenue declined 7.8% year over year. It earns a return on equity of 8.0%. Net debt stands at 3.2B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 7,009 KRW (bear case) to 11,003 KRW (bull case); at 35,100 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 53% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -77%, 357550 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
ROIC Compounder 6,437 KRW 7,335 KRW 8,142 KRW 72
Growth-Adj P/E 10,497 KRW 14,995 KRW 19,494 KRW 68
P/E Multiple 7,340 KRW 9,787 KRW 12,233 KRW 63
All 14 models by family
Earnings-Based
Graham-Dodd 4,754 KRW 30,102 KRW 42,063 KRW 54
Lynch FV 8,695 KRW 12,422 KRW 16,149 KRW 50
PEG = 1.0 8,695 KRW 12,422 KRW 16,149 KRW 46
EPV 6,437 KRW 7,335 KRW 8,122 KRW 59
Multiples
P/E Multiple 7,340 KRW 9,787 KRW 12,233 KRW 63
P/S Multiple 2,906 KRW 3,875 KRW 4,844 KRW 58
P/B Multiple 8,913 KRW 11,884 KRW 14,855 KRW 55
EV/EBIT 6,425 KRW 8,218 KRW 10,011 KRW 53
EV/EBITDA 5,555 KRW 7,058 KRW 8,562 KRW 54
EV/Revenue 3,758 KRW 4,920 KRW 6,083 KRW 43
Asset-Based
NCAV (Graham) 4,055 KRW 5,433 KRW 8,109 KRW 50
Economic Profit
Residual Income 6,870 KRW 7,452 KRW 9,606 KRW 61
ROIC Compounder 6,437 KRW 7,335 KRW 8,142 KRW 72
Growth Earnings
Growth-Adj P/E 10,497 KRW 14,995 KRW 19,494 KRW 68

Widest divergence: Growth Earnings (14,995 KRW) versus Asset-Based (5,433 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 17.2B KRW
Revenue growth (YoY) -7.8%
Net margin 20.2%
Return on equity 8.0%
Free cash flow −907M KRW FY2025
Operating margin 28.0%
More key figures
EPS growth (YoY) -18.9%
Net debt 3.2B KRW FY2019

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 56 · Market factors (momentum, volatility) 15

Profitability 46
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 14
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 81
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

Sukgyung AT Co., Ltd. develops and manufactures inorganic powders in fine and dispersion forms in South Korea. The company offers products including ytterbium fluoride, ba glass, sr glass, composites, dental cement, spherical ba glass, zirconium silicate, hydroxyapatite, titanium dioxide series, zinc oxide, micron spherical silicon dioxide, tricalcium …

Full company description

Sukgyung AT Co., Ltd. develops and manufactures inorganic powders in fine and dispersion forms in South Korea. The company offers products including ytterbium fluoride, ba glass, sr glass, composites, dental cement, spherical ba glass, zirconium silicate, hydroxyapatite, titanium dioxide series, zinc oxide, micron spherical silicon dioxide, tricalcium phosphate, dicalcium phosphate dehydrate, colloidal silver; large, medium, small particle silica, titanium dioxide alternative additive, low temperature fusing additive, positively charged silica, spherical silicon dioxide, aluminum oxide, hollow silica, and lotan series. In addition, it provides low and high refractive index material, UV blocking, solar cell, textile, and other coating material. Further, it offers optical and heat dissipation materials. Its products are used in a range of fields, including dental, medical, cosmetic, toner, electric/electronic, coating, and others. The company was founded in 1994 and is headquartered in Ansan-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sukgyung AT Co reported revenue of 17.5B KRW in FY2025 versus 9.1B KRW in FY2021, a compound +18.0%/yr. Reported net income was 3.8B KRW in FY2025, compounding +5.2%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
17.5B KRW
Latest YoY
+27.0%
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.
+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.
+21.2%
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.
+17.9%
Revenue +18.0%/yr
FY21 9.1B KRW
FY22 12.3B KRW
FY23 12.2B KRW
FY24 13.8B KRW
FY25 17.5B KRW
Net income +5.2%/yr
FY21 3.1B KRW
FY22 4.3B KRW
FY23 3.5B KRW
FY24 4.3B KRW
FY25 3.8B KRW

357550 screens 77% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Sukgyung AT Co Fair Value". https://www.fairvalue-calculator.com/stock/357550

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 55 · Above median
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth -8% · Bottom 25%
Debt / equity 0.13× · Higher than median

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 0 · sector 19
PAST 32 · sector 23
HEALTH 94 · sector 95
DIVIDEND 0 · sector 25

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 22, 2026).

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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 Sukgyung AT Co (357550) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 8,160 KRW versus a price of 35,100 KRW, about −77% (overvalued).
What is the fair value of 357550?
Our model-based fair value for Sukgyung AT Co is 8,160 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 35,100 KRW.
What is the quality score of 357550?
Sukgyung AT Co has a Quality Score of 55/100. 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 Sukgyung AT Co (357550)?
Sukgyung AT Co reported trailing-twelve-month revenue of about 17.2B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 357550?
The net profit margin of Sukgyung AT Co is about 20.2%, meaning it keeps roughly 20.2% of revenue as net income. 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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