Soulbrain Co. Ltd (357780) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Soulbrain Co. Ltd KRW 194,706, price KRW 370,000, upside -47.4%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 154,897 KRW – 498,027 KRW · fair‑value band 122,910 KRW – 267,514 KRW · the 370,000 KRW price screens above the 194,706 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Soulbrain Co. Ltd (357780) currently trades at 370,000 KRW, while our model-based Fair Value estimate is 194,706 KRW, implying the stock looks roughly 90.0% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 175,486 KRW per share, and 0 of the 24 models we run sit above the 370,000 KRW price.
Bear case: the Earnings-Based group reads lowest at 60,181 KRW, and 24 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 122,910 KRW (bear) to 267,514 KRW (bull), the price of 370,000 KRW sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Soulbrain Co. Ltd 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.
Key figures
Market cap 2.8T KRW (≈ $2.0B) · P/S ratio 2.28 · Dividend yield 0.6% · Net margin 8.6% · Return on equity 8.0% · Return on assets (EBIT) 15.5% · Operating margin 16.9% · Revenue (TTM) 978B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 65% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −25% fair-value upside, at −47%, 357780 screens richer than that median.
Fair Value models
Bear 122,910 KRWFair Value 194,706 KRWBull 267,514 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+7.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−5.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.5%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−0.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.5%
Dividend (yield on the price)0.6%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.22% → 15%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+49.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +46.3% a year for the price and +10.3% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Chemicals · 350 stocks
Beats the industry median on 8/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−47% · Below median
Profitability
Return on equity (TTM)8% · Above median
Return on assets6% · Top 25%
Net margin (TTM)9% · Above median
Operating margin (TTM)17% · Top 25%
Growth and dividend
Revenue growth26% · Top 25%
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Chemicals median · lower = cheaper
P/FCF0.1× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 24
PAST (return on equity)32· sector 19
HEALTH (low debt)95· sector 94
DIVIDEND (yield)13· sector 31
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Soulbrain Co. Ltd (357780) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 194,706 KRW versus a price of 370,000 KRW, about −47% upside (overvalued).
What is the fair value of 357780?
Our model-based fair value for Soulbrain Co. Ltd is 194,706 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 370,000 KRW.
What is the quality score of 357780?
Soulbrain Co. Ltd 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 price target for Soulbrain Co. Ltd (357780)?
Our model-based price target is the fair value of 194,706 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 122,910 KRW, optimistic scenario 267,514 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Soulbrain Co. Ltd stock forecast for 2026?
Our models put fair value at 194,706 KRW, about −47% upside versus a price of 370,000 KRW (overvalued). Cautious scenario 122,910 KRW, optimistic scenario 267,514 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Soulbrain Co. Ltd (357780)?
Soulbrain Co. Ltd reported trailing-twelve-month revenue of about 978B KRW (latest available figure, as of Sep 24, 2026).
Does Soulbrain Co. Ltd pay a dividend?
Soulbrain Co. Ltd currently shows a dividend yield of about 0.64% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Soulbrain Co. Ltd (357780)?
For today's price to be fair in a discounted-cash-flow model, Soulbrain Co. Ltd would have to grow free cash flow by +49.3 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 357780 use?
Our models discount Soulbrain Co. Ltd at 12.6 %: a base by market capitalisation (small), damped by beta 1.34, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Soulbrain Co. Ltd that is +49.3 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Soulbrain Co. Ltd (357780) delivered so far?
Over the past 5 years revenue at Soulbrain Co. Ltd grew +14.5 % a year. The price currently implies +49.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Soulbrain Co. Ltd (357780) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Soulbrain Co. Ltd (+49.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Soulbrain Co. Ltd (357780)?
The free-cash-flow yield on the price is 0.95 %: that much free cash flow Soulbrain Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Soulbrain Co. Ltd (357780)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Soulbrain Co. Ltd it is 194,706 KRW per share (as of Sep 24, 2026), against a price of 370,000 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Soulbrain Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 357780 trades above its calculated fair value: price 370,000 KRW, fair value 194,706 KRW, a gap of about −47% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 357780?
No. The price is what the market pays today (370,000 KRW); the fair value is what the company's own numbers justify (194,706 KRW). For Soulbrain Co. Ltd the two are 175,294 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Soulbrain Co. Ltd worth?
The market values Soulbrain Co. Ltd at about 2.8T KRW (market capitalisation, as of Sep 24, 2026). Per share that is 370,000 KRW; our models calculate a fair value of 194,706 KRW per share.
What do the bullish and bearish scenarios say about 357780?
Our models span a range for Soulbrain Co. Ltd: cautious scenario 122,910 KRW, base 194,706 KRW, optimistic 267,514 KRW per share (as of Sep 24, 2026, price 370,000 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Soulbrain Co. Ltd (357780)?
Balance-sheet figures for Soulbrain Co. Ltd (as of Sep 24, 2026): return on equity 8.0%, debt of 0.09 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 357780 from its 52-week high?
Soulbrain Co. Ltd trades at 370,000 KRW, about 26% below its 52-week high of 498,027 KRW and 65% above the low of 224,500 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 194,706 KRW is for.
Which stocks are comparable to Soulbrain Co. Ltd?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Ningxia Baofeng Energy Group, Dow Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Soulbrain Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 370,000 KRW, calculated fair value 194,706 KRW (−47%), Quality Score 52/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 357780 calculated?
We run Soulbrain Co. Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 194,706 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Soulbrain Co. Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Soulbrain Co. Ltd (357780)?
The closing price on Sep 23, 2026 was 370,000 KRW. Our model-based fair value is 194,706 KRW, about −47% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Soulbrain Co. Ltd right now?
The price sits above even our optimistic bull case (267,514 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 (122,910 KRW to 267,514 KRW) leaves room in how you read the outcome.
Key figures of Soulbrain Co. Ltd
How large is the market capitalisation of Soulbrain Co. Ltd (357780)?
The market capitalisation of Soulbrain Co. Ltd is 2.8T KRW (≈ $2.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Soulbrain Co. Ltd (357780)?
The price-to-sales ratio of Soulbrain Co. Ltd is 2.28 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Soulbrain Co. Ltd (357780)?
The dividend yield of Soulbrain Co. Ltd is 0.6%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Soulbrain Co. Ltd (357780)?
The net margin of Soulbrain Co. Ltd is 8.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Soulbrain Co. Ltd (357780)?
The return on equity (ROE) of Soulbrain Co. Ltd is 8.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Soulbrain Co. Ltd (357780)?
On an EBIT basis the return on assets of Soulbrain Co. Ltd is 15.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Soulbrain Co. Ltd (357780)?
The operating margin of Soulbrain Co. Ltd is 16.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Soulbrain Co. Ltd (357780)?
Revenue at Soulbrain Co. Ltd is growing +25.9% versus a year earlier (3y avg −5.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Soulbrain Co. Ltd (357780)?
Earnings per share at Soulbrain Co. Ltd are growing +17.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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