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Soulbrain Co (357780) Fair Value & Analysis

Basic Materials · KR · Market cap 2.2T KRW

SC Soulbrain Co 357780 · KQ
Price295,000 KRW
Fair Value216,323 KRW
Upside-26.7%
Quality52/100
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Mixed Growth
Thin margins · 8.6% net margin
Low debt · generates free cash flow
0.77% dividend yield
Ranks above peers (9/10)
Moderate moat 50/100
Evidence: Medium Range 136,294 KRW – 275,163 KRW Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 24 days ago

Fair value updated Jul 16, 2026, revised from 172,494 KRW to 216,323 KRW (+25.4%) since Jul 9, 2026. Share price +1.7% over the past month.

A solid business, but screening 27% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (275,163 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (136,294 KRW to 275,163 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

498,027 KRW 154,897 KRW Fair Value 216,323 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 154,897 KRW – 498,027 KRW · fair‑value band 136,294 KRW – 275,163 KRW · the 295,000 KRW price screens above the 216,323 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Soulbrain Co (357780) currently trades at 295,000 KRW, while our model-based Fair Value estimate is 216,323 KRW, implying the stock looks roughly 26.7% overvalued today. The Quality Score stands at 52/100 (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, Soulbrain Co generated revenue of 978B KRW at a net margin of 8.6%. Revenue grew 25.9% year over year. It earns a return on equity of 8.0%. Fundamentals as of Jul 16, 2026

Our scenario range runs from 136,294 KRW (bear case) to 275,163 KRW (bull case); at 295,000 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 44% below its 52-week high and 83% 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 -27%, 357780 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 BearBaseBull Evidence
Highest evidence
Growth DCF 61,621 KRW 82,572 KRW 113,738 KRW 80
Residual Income 115,048 KRW 122,946 KRW 137,693 KRW 76
Rev-Margin DCF 112,899 KRW 180,468 KRW 255,960 KRW 74
All 24 models by family
DCF Models
FCF DCF 60,606 KRW 83,783 KRW 120,244 KRW 38
Owner Earnings 56,032 KRW 76,640 KRW 109,061 KRW 31
5Y Revenue Exit 112,899 KRW 181,744 KRW 270,198 KRW 39
5Y EBITDA Exit 147,393 KRW 245,403 KRW 359,669 KRW 41
5Y P/E Exit 110,538 KRW 177,386 KRW 247,025 KRW 38
10Y Revenue Exit 90,184 KRW 149,660 KRW 230,132 KRW 36
10Y EBITDA Exit 116,527 KRW 194,552 KRW 299,137 KRW 37
10Y P/E Exit 92,624 KRW 146,587 KRW 212,260 KRW 35
Earnings-Based
Graham-Dodd 70,194 KRW 203,481 KRW 268,636 KRW 54
Lynch FV 42,127 KRW 60,181 KRW 78,236 KRW 50
PEG = 1.0 42,127 KRW 60,181 KRW 78,236 KRW 46
EPV 138,521 KRW 159,555 KRW 178,253 KRW 59
Multiples
P/E Multiple 131,614 KRW 175,486 KRW 219,357 KRW 63
P/S Multiple 131,614 KRW 175,486 KRW 219,357 KRW 58
P/B Multiple 131,614 KRW 175,486 KRW 219,357 KRW 55
EV/EBIT 202,549 KRW 263,623 KRW 324,698 KRW 53
EV/EBITDA 213,741 KRW 278,546 KRW 343,351 KRW 54
EV/Revenue 145,921 KRW 200,176 KRW 254,431 KRW 43
Asset-Based
NCAV (Graham) 68,927 KRW 92,362 KRW 137,853 KRW 50
Growth DCF
Growth DCF 61,621 KRW 82,572 KRW 113,738 KRW 80
Rev-Margin DCF 112,899 KRW 180,468 KRW 255,960 KRW 74
Economic Profit
Residual Income 115,048 KRW 122,946 KRW 137,693 KRW 76
ROIC Compounder 138,701 KRW 171,141 KRW 213,384 KRW 72
Growth Earnings
Growth-Adj P/E 108,652 KRW 155,218 KRW 201,783 KRW 68

Widest divergence: Multiples (175,486 KRW) versus Earnings-Based (60,181 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 978B KRW
Revenue growth (YoY) +25.9%
Net margin 8.6%
Return on equity 8.0%
Free cash flow 26.9B KRW FY2025
Operating margin 16.9%
More key figures
Dividend yield 0.8%
EPS growth (YoY) +17.8%

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 54 · Market factors (momentum, volatility) 37

Profitability 39
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 89
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

Soulbrain Co., Ltd. develops, manufactures, and supplies various high tech industry core materials. It provides semiconductor materials, including CVD/ALD materials, etchant and cleaning agents, CMP slurries, and plating agents, as well as hydrofluoric acid/buffered oxide etchants for etching and cleaning of semiconductor oxide films.

Full company description

Soulbrain Co., Ltd. develops, manufactures, and supplies various high tech industry core materials. It provides semiconductor materials, including CVD/ALD materials, etchant and cleaning agents, CMP slurries, and plating agents, as well as hydrofluoric acid/buffered oxide etchants for etching and cleaning of semiconductor oxide films. The company also offers functional chemical materials used in the manufacture of LCD and OLED panels, as well as components of panels, including thin glass and cell scribings. In addition, it provides electronic materials for the generation of eco-friendly energy, such as LED process materials, solar cells, and electric vehicle electronic materials; and lithium ion battery electrolyte and secondary battery electrodes. The company is headquartered in Seongnam-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Soulbrain Co reported revenue of 923B KRW in FY2025 versus 1.0T KRW in FY2021, a compound −2.6%/yr. Reported net income was 79.1B KRW in FY2025, compounding −14.6%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
923B KRW
Latest YoY
+7.0%
Avg. growth/yr (3Y)
−5.4%
Avg. growth/yr (5Y)
+14.5%
Revenue −2.6%/yr
FY21 1.0T KRW
FY22 1.1T KRW
FY23 844B KRW
FY24 863B KRW
FY25 923B KRW
Net income −14.6%/yr
FY21 149B KRW
FY22 163B KRW
FY23 130B KRW
FY24 118B KRW
FY25 79.1B KRW

357780 screens 27% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Soulbrain Co Fair Value". https://www.fairvalue-calculator.com/stock/357780

Peer Group

Chemicals · 334 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 52 · Above median
Fair Value upside −27% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 17% · Top 25%
Revenue growth 26% · Top 25%
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/FCF 0.1× · 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 32 · sector 19
HEALTH 95 · sector 94
DIVIDEND 15 · 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 16, 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%
Rongsheng Petrochemical Co 002493 ¥10.95 ¥2.39 -78%
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%

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Frequently asked questions

Is Soulbrain Co (357780) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 216,323 KRW versus a price of 295,000 KRW, about −27% (overvalued).
What is the fair value of 357780?
Our model-based fair value for Soulbrain Co is 216,323 KRW (as of Jul 16, 2026), built from audited fundamentals. The current price is 295,000 KRW.
What is the quality score of 357780?
Soulbrain Co has a Quality Score of 52/100. 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 Soulbrain Co (357780)?
Soulbrain Co reported trailing-twelve-month revenue of about 978B KRW (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 357780?
The net profit margin of Soulbrain Co is about 8.6%, meaning it keeps roughly 8.6% of revenue as net income. Based on the latest reported figures.
Does Soulbrain Co pay a dividend?
Soulbrain Co currently shows a dividend yield of about 0.65% relative to its recent price (as of Jul 16, 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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