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C&R Research Inc (359090) Fair Value & Analysis

Healthcare · KR · Market cap 22.0B KRW

CR C&R Research Inc 359090 · KQ
Price1,926 KRW
Fair Value3,219 KRW
Upside+67.1%
Quality45/100
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Expensive Growth
Thin margins · 3.8% net margin
Low debt · negative free cash flow
2.63% dividend yield
Mixed vs. peers (4/9)
Narrow moat 21/100
Evidence: High Range 2,362 KRW – 3,937 KRW Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 643.84 KRW to 3,219 KRW (+400.0%) since Jul 9, 2026. Share price +0.7% over the past month.

Below-average quality, screening 67% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (2,362 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (45/100) 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)

13,407 KRW 1,699 KRW Fair Value 3,219 KRW Nov 2020 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 1,699 KRW – 13,407 KRW · fair‑value band 2,362 KRW – 3,937 KRW · the 1,926 KRW price screens below the 3,219 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

C&R Research Inc (359090) currently trades at 1,926 KRW, while our model-based Fair Value estimate is 3,219 KRW, implying the stock looks roughly 67.1% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Healthcare 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, C&R Research Inc generated revenue of 62.7B KRW at a net margin of 3.8%. Revenue declined 13.4% year over year. It earns a return on equity of 0.7%. Net debt stands at 911M KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 2,362 KRW (bear case) to 3,937 KRW (bull case); at 1,926 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. For context, the median of 10 Healthcare peers we cover trades at -53% fair-value upside, at 67%, 359090 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
Residual Income 3,318 KRW 3,370 KRW 3,270 KRW 76
ROIC Compounder 1,781 KRW 1,950 KRW 2,097 KRW 72
Growth-Adj P/E 2,253 KRW 3,219 KRW 4,185 KRW 68
All 15 models by family
DCF Models
Owner Earnings 4,493 KRW 7,247 KRW 11,876 KRW 31
Earnings-Based
Graham-Dodd 1,530 KRW 6,475 KRW 8,839 KRW 54
Lynch FV 1,649 KRW 2,355 KRW 3,062 KRW 50
PEG = 1.0 1,649 KRW 2,355 KRW 3,062 KRW 46
EPV 1,781 KRW 1,950 KRW 2,097 KRW 59
Multiples
P/E Multiple 2,362 KRW 3,149 KRW 3,937 KRW 63
P/S Multiple 2,868 KRW 3,824 KRW 4,780 KRW 58
P/B Multiple 2,868 KRW 3,824 KRW 4,780 KRW 55
EV/EBIT 1,673 KRW 1,974 KRW 2,276 KRW 53
EV/EBITDA 1,760 KRW 2,090 KRW 2,420 KRW 54
EV/Revenue 1,866 KRW 2,336 KRW 2,806 KRW 43
Asset-Based
NCAV (Graham) 2,150 KRW 2,881 KRW 4,300 KRW 50
Economic Profit
Residual Income 3,318 KRW 3,370 KRW 3,270 KRW 76
ROIC Compounder 1,781 KRW 1,950 KRW 2,097 KRW 72
Growth Earnings
Growth-Adj P/E 2,253 KRW 3,219 KRW 4,185 KRW 68

Widest divergence: DCF Models (7,247 KRW) versus Economic Profit (1,950 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 62.7B KRW
Revenue growth (YoY) -13.4%
Net margin 3.8%
Return on equity 0.7%
Free cash flow −3.4B KRW FY2025
Operating margin -6.6%
More key figures
Dividend yield 2.6%
EPS growth (YoY) -47.2%
Net debt 911M KRW FY2022

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 45 · Market factors (momentum, volatility) 17

Profitability 49
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 55
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 65
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

C&R Research Inc. engages in the of clinical development for pharmaceuticals and medical devices. The company's therapeutic area comprises oncology, cardiovascular, endocrinology, dermatology, central nervous system, ophthalmology, and rare disease.The company was founded in 1997 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

C&R Research Inc reported revenue of 65.0B KRW in FY2025 versus 43.2B KRW in FY2021, a compound +10.8%/yr. Reported net income was 2.6B KRW in FY2025.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
65.0B KRW
Latest YoY
+8.9%
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.
+10.2%
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.
+13.7%
Revenue +10.8%/yr
FY21 43.2B KRW
FY22 48.5B KRW
FY23 55.1B KRW
FY24 59.7B KRW
FY25 65.0B KRW
Net income
FY21 −3.3B KRW
FY22 3.9B KRW
FY23 5.6B KRW
FY24 3.8B KRW
FY25 2.6B KRW

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Cite: Fair Value Calculator (2026). "C&R Research Inc Fair Value". https://www.fairvalue-calculator.com/stock/359090

Peer Group

Health Information Services · 126 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 45 · Below median
Fair Value upside +67% · Top 25%
Return on equity (TTM) 1% · Below median
Return on assets 0% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) -7% · Below median
Revenue growth -13% · Bottom 25%
Dividend yield (TTM) 2.6% · Above 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 100 · sector 0
FUTURE 0 · sector 33
PAST 3 · sector 8
HEALTH 100 · sector 98
DIVIDEND 53 · sector 35

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 Health Information Services stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Veeva Systems Inc VEEV $190.12 $95.12 -50%
Pro Medicus Limited PME A$194.84 A$23.74 -88%
BrightSpring Health Services, Inc BTSG $68.16 $21.31 -69%
HealthEquity, Inc HQY $97.67 $56.63 -42%
Hinge Health, Inc HNGE $88.80 $24.03 -73%
10x Genomics, Inc TXG $45.75 $17.18 -62%
Waystar Holding WAY $22.69 $12.86 -43%
Doximity, Inc DOCS $22.21 $17.18 -23%
Privia Health Group PRVA $28.10 $5.30 -81%
Inventurus Knowledge Solutions Limited IKS ₹1,846 ₹860.28 -53%

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Frequently asked questions

Is C&R Research Inc (359090) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 3,219 KRW versus a price of 1,926 KRW, about +67% (undervalued).
What is the fair value of 359090?
Our model-based fair value for C&R Research Inc is 3,219 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,926 KRW.
What is the quality score of 359090?
C&R Research Inc has a Quality Score of 45/100. 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 C&R Research Inc (359090)?
C&R Research Inc reported trailing-twelve-month revenue of about 62.7B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 359090?
The net profit margin of C&R Research Inc is about 3.8%, meaning it keeps roughly 3.8% of revenue as net income. Based on the latest reported figures.
Does C&R Research Inc pay a dividend?
C&R Research Inc currently shows a dividend yield of about 1.82% relative to its recent price (as of Jul 22, 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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