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DT&CRO Co. Ltd. (383930) Fair Value & Analysis

Healthcare · KR · Market cap 21.8B KRW

DC DT&CRO Co. Ltd. 383930 · KQ
Price1,669 KRW
Fair Value1,163 KRW
Upside-30.3%
Quality35/100
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Risks

!Trades 30% ABOVE our fair value of 1,163 KRW
!Expensive Growth
!Loss-making · -25.7% net margin
!Moderate debt · negative free cash flow
Expensive Growth
Loss-making · -25.7% net margin
Moderate debt · negative free cash flow
Trails peers (3/9)
Narrow moat 6/100
Evidence: Low Range 867.64 KRW – 1,735 KRW Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 9 days ago

Fair value updated Aug 13, 2026, revised from 1,315 KRW to 1,163 KRW (−11.6%) since Jul 21, 2026. Share price −8.0% over the past month.

Below-average quality, and screening another 30% overvalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (867.64 KRW to 1,735 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

24,400 KRW 1,450 KRW Fair Value 1,163 KRW Nov 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

45‑month range 1,450 KRW – 24,400 KRW · fair‑value band 867.64 KRW – 1,735 KRW · the 1,669 KRW price screens above the 1,163 KRW fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

DT&CRO Co. Ltd. (383930) currently trades at 1,669 KRW, while our model-based Fair Value estimate is 1,163 KRW, implying the stock looks roughly 30.3% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Healthcare 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: low).

Over the trailing twelve months, DT&CRO Co. Ltd. generated revenue of 47.8B KRW at a net margin of -25.7%. Revenue grew 0.2% year over year. It earns a return on equity of -68.8%. Net debt stands at 33.9B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 867.64 KRW (bear case) to 1,735 KRW (bull case); at 1,669 KRW, the current price sits within 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 60% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -63% fair-value upside, at -30%, 383930 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
NCAV (Graham) 981.30 KRW 1,315 KRW 1,963 KRW 50
All 1 models by family
Asset-Based
NCAV (Graham) 981.30 KRW 1,315 KRW 1,963 KRW 50

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Key figures & financial health

Revenue (TTM) 47.8B KRW
Revenue growth (YoY) +0.2%
Net margin -25.7%
Return on equity -68.8%
Free cash flow −14.2B KRW FY2025
Operating margin -35.7%
More key figures
EPS growth (YoY) -93.6%
Net debt 33.9B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 34 · Market factors (momentum, volatility) 10

Profitability 9
Margins and returns on capital today
Quality Growth 84
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 16
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 21
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 79
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

DT&CRO CO., Ltd. operates as a full-service CRO provider in South Korea. The company conducts a series of consigned studies ranging from non-clinical GLP toxicity, PK, and efficacy tests required for licensing of pharmaceuticals, chemicals, health functional food, cosmetics, and medical devices to analysis, bioactivity, clinical trials, and licensing …

Full company description

DT&CRO CO., Ltd. operates as a full-service CRO provider in South Korea. The company conducts a series of consigned studies ranging from non-clinical GLP toxicity, PK, and efficacy tests required for licensing of pharmaceuticals, chemicals, health functional food, cosmetics, and medical devices to analysis, bioactivity, clinical trials, and licensing consulting. DT&CRO CO., Ltd. was founded in 2017 and is based in Yongin-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DT&CRO Co. Ltd. reported revenue of 47.7B KRW in FY2025 versus 32.7B KRW in FY2021, a compound +9.9%/yr. Reported net income was −2.8B KRW in FY2025.

Growth Quality 12/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
47.7B KRW
Latest YoY
+32.7%
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.
+2.8%
Revenue +9.9%/yr
FY21 32.7B KRW
FY22 44.0B KRW
FY23 26.6B KRW
FY24 36.0B KRW
FY25 47.7B KRW
Net income
FY21 4.3B KRW
FY22 5.3B KRW
FY23 −16.6B KRW
FY24 −2.0B KRW
FY25 −2.8B KRW

383930 screens 30% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "DT&CRO Co. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/383930

Peer Group

Biotechnology · 626 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 34 · Below median
Fair Value upside −30% · Above median
Return on assets -4% · Above median
Net margin (TTM) -26% · Bottom 25%
Operating margin (TTM) -36% · Bottom 25%
Revenue growth 0% · Above median
Debt / equity 0.51× · Higher than 75% of peers

Valuation Multiples vs Biotechnology median · lower = cheaper

EV/EBITDA 21.4× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE1 · sector 0
PAST0 · sector 0
HEALTH75 · sector 97
DIVIDEND0 · 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

Similar stocks

10 more Biotechnology stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $525.73 $278.78 -47%
Samsung Biologics Co 207940 1,549,000 KRW 1,055,793 KRW -32%
Celltrion, Inc 068270 202,000 KRW 74,519 KRW -63%
WuXi Biologics (Cayman) Inc 2269 HK$45.70 HK$30.58 -33%
Innovent Biologics, Inc 1801 HK$102.40 HK$19.72 -81%
Genmab A/S GMAB kr 2,104 kr 250.07 -88%
Sino Biopharmaceutical Limited 1177 HK$4.87 HK$3.37 -31%
RemeGen Co 688331 ¥131.87 ¥23.19 -82%
ALTEOGEN Inc 196170 314,000 KRW 39,476 KRW -87%
Biocon Limited BIOCON ₹417.50 ₹52.10 -88%

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Frequently asked questions

Is DT&CRO Co. Ltd. (383930) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1,163 KRW versus a price of 1,669 KRW, about −30% (overvalued).
What is the fair value of 383930?
Our model-based fair value for DT&CRO Co. Ltd. is 1,163 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 1,669 KRW.
What is the quality score of 383930?
DT&CRO Co. Ltd. has a Quality Score of 35/100. 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 DT&CRO Co. Ltd. (383930)?
DT&CRO Co. Ltd. reported trailing-twelve-month revenue of about 47.8B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 383930?
The net profit margin of DT&CRO Co. Ltd. is about -25.7%, meaning it is currently running at a net loss. 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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