Green Resource Co., Ltd (402490) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Green Resource Co., Ltd stock KRW 2,698, price KRW 4,200, that is 35.8% below the price, quality 27 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
36‑month range 4,200 KRW – 26,800 KRW · fair‑value band 1,596 KRW – 5,364 KRW · the 4,200 KRW price screens above the 2,698 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Green Resource Co., Ltd. manufactures and sells electronic and industrial materials worldwide.
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It offers rare earth metals, thin film deposition materials, coating and magnetic powders, high purity metals, thermal conductivity powder, metal and ceramic powders, Nano powders, magnets, and polishing powders, as well as coating and deposition services for the high-tech industry.
The company was founded in 2011 and is headquartered in Incheon, South Korea.
Stock analysis
Green Resource Co., Ltd (402490) currently trades at 4,200 KRW, while our model-based Fair Value estimate is 2,698 KRW, 36% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 26,053 KRW per share, and 8 of the 15 models we run sit above the 4,200 KRW price.
Bear case: the Asset-Based group reads lowest at 2,667 KRW, and 7 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,596 KRW (bear) to 5,364 KRW (bull), the price of 4,200 KRW sits inside 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 27/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Green Resource Co., Ltd reported revenue of 102B KRW in FY2025 versus 13.7B KRW in FY2021, a compound +65.4%/yr. Reported net income was 10.2B KRW in FY2025, compounding +72.5%/yr from FY2021.
Key figures
Market cap 70.9B KRW (≈ $52.4M) Micro · P/E ratio 7.8 · P/S ratio 0.77 · EPS (TTM) 521.46 KRW · Net margin 9.6% · Return on equity 11.8% · Return on assets (EBIT) 6.1% (5-year average) · Operating margin 2.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 83% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −36%, 402490 screens cheaper than that median.
Fair Value models
Bear1,596 KRWFair Value 2,698 KRWBull5,364 KRW
Price 4,200 KRW · Downside -35.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (447.17 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
EPV1,877 KRW2,153 KRW2,380 KRW71
ROIC Compounder1,877 KRW2,153 KRW2,380 KRW67
Owner Earnings1,435 KRW3,174 KRW6,310 KRW66
All 15 models by family
DCF Models
Owner Earnings1,435 KRW3,174 KRW6,310 KRW66
Earnings-Based
Graham-Dodd4,114 KRW28,692 KRW40,265 KRW59
Lynch FV14,823 KRW21,176 KRW27,529 KRW57
PEG = 1.014,823 KRW21,176 KRW27,529 KRW53
EPV1,877 KRW2,153 KRW2,380 KRW71
Multiples
P/E Multiple7,714 KRW10,286 KRW12,857 KRW63
P/S Multiple6,786 KRW9,048 KRW11,310 KRW58
P/B Multiple8,956 KRW11,941 KRW14,927 KRW55
EV/EBIT560.13 KRW1,807 KRW3,054 KRW60
EV/EBITDA776.53 KRW2,095 KRW3,414 KRW62
EV/Revenue61.41 KRW1,451 KRW2,840 KRW46
Asset-Based
NCAV (Graham)1,990 KRW2,667 KRW3,980 KRW54
Economic Profit
Residual Income3,771 KRW4,498 KRW6,278 KRW65
ROIC Compounder1,877 KRW2,153 KRW2,380 KRW67
Growth Earnings
Growth-Adj P/E18,237 KRW26,053 KRW33,869 KRW63
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+452.2%
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.
+59.7%
’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.
≈ +13.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.9%
Dividend (yield on the price)0.0%
Profit margin 2021 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.23% → 6%
⚠ Rate on operating basis: 2025 sits 95% above its own trend.
Compare Green Resource Co., Ltd with another stock
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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.Specialty Chemicals · 728 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score27 · Bottom 25%
Fair Value upside−35.8% · Below median
Profitability
Return on equity (12 months)11.8% · Above median
Return on assets7.0% · Top 25%
Net margin (12 months)9.6% · Above median
Operating margin (12 months)2.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−44.0% · Bottom 25%
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)7.8× · Cheapest 25%
P/B1.01× · Cheaper than median
P/S (12 months)0.77× · Cheaper than median
EV/EBITDA7.3× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 67
PAST (return on equity)47· sector 27
HEALTH (low debt)94· sector 95
DIVIDEND (yield)0· 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 Green Resource Co., Ltd (402490) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 2,698 KRW versus a price of 4,200 KRW, about 36% lower (overvalued).
What is the fair value of 402490?
Our model-based fair value for Green Resource Co., Ltd is 2,698 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 4,200 KRW.
What is the quality score of 402490?
Green Resource Co., Ltd has a Quality Score of 27/100. 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 Green Resource Co., Ltd (402490)?
Our model-based price target is the fair value of 2,698 KRW (as of Nov 9, 2026) from 15 valuation models. Cautious scenario 1,596 KRW, optimistic scenario 5,364 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Green Resource Co., Ltd stock forecast for 2026?
Our models put fair value at 2,698 KRW, about 36% lower versus a price of 4,200 KRW (overvalued). Cautious scenario 1,596 KRW, optimistic scenario 5,364 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Green Resource Co., Ltd (402490)?
Green Resource Co., Ltd reported trailing-twelve-month revenue of about 91.8B KRW (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of Green Resource Co., Ltd (402490)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Green Resource Co., Ltd it is 2,698 KRW per share (as of Nov 9, 2026), against a price of 4,200 KRW. It is the blended result of 15 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Green Resource Co., Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 402490 trades above its calculated fair value: price 4,200 KRW, fair value 2,698 KRW, a gap of about −36% (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 402490?
No. The price is what the market pays today (4,200 KRW); the fair value is what the company's own numbers justify (2,698 KRW). For Green Resource Co., Ltd the two are 1,502 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Green Resource Co., Ltd worth?
The market values Green Resource Co., Ltd at about 70.9B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 4,200 KRW; our models calculate a fair value of 2,698 KRW per share.
What do the bullish and bearish scenarios say about 402490?
Our models span a range for Green Resource Co., Ltd: cautious scenario 1,596 KRW, base 2,698 KRW, optimistic 5,364 KRW per share (as of Nov 9, 2026, price 4,200 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 402490?
Green Resource Co., Ltd trades at a price-to-earnings ratio of 7.8 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2,698 KRW is built from several models across several years. Other multiples: P/B 1.0, P/S 0.8, EV/EBITDA 7.3.
How solid is the balance sheet of Green Resource Co., Ltd (402490)?
Balance-sheet figures for Green Resource Co., Ltd (as of Nov 9, 2026): return on equity 11.8%, debt of 0.11 per unit of equity. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is 402490 from its 52-week high?
Green Resource Co., Ltd trades at 4,200 KRW, about 83% below its 52-week high of 24,100 KRW and at the low of 4,200 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 2,698 KRW is for.
Which stocks are comparable to Green Resource Co., Ltd?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 Green Resource Co., Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 4,200 KRW, calculated fair value 2,698 KRW (−36%), Quality Score 27/100, from 15 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 402490 calculated?
We run Green Resource Co., Ltd through 15 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2,698 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Green Resource 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 Green Resource Co., Ltd (402490)?
The closing price on Nov 9, 2026 was 4,200 KRW. Our model-based fair value is 2,698 KRW, about 36% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Green Resource Co., Ltd right now?
Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (1,596 KRW to 5,364 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Green Resource Co., Ltd
How large is the market capitalisation of Green Resource Co., Ltd (402490)?
The market capitalisation of Green Resource Co., Ltd is 70.9B KRW (≈ $52.4M). 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 Green Resource Co., Ltd (402490)?
The price-to-sales ratio of Green Resource Co., Ltd is 0.77 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Green Resource Co., Ltd (402490)?
Earnings per share at Green Resource Co., Ltd are 521.46 KRW (price ÷ EPS = P/E 7.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Green Resource Co., Ltd (402490)?
The net margin of Green Resource Co., Ltd is 9.6% (last twelve months). 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 Green Resource Co., Ltd (402490)?
The return on equity (ROE) of Green Resource Co., Ltd is 11.8% (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 Green Resource Co., Ltd (402490)?
On an EBIT basis the return on assets of Green Resource Co., Ltd is 6.1% (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 Green Resource Co., Ltd (402490)?
The operating margin of Green Resource Co., Ltd is 2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Green Resource Co., Ltd (402490)?
Revenue at Green Resource Co., Ltd is growing −44.0% versus a year earlier (3y avg +59.7%). 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 Green Resource Co., Ltd (402490)?
Earnings per share at Green Resource Co., Ltd are growing +13.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Green Resource Co., Ltd (402490) generate?
The free cash flow of Green Resource Co., Ltd is −24.0B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Green Resource Co., Ltd (402490) carry?
The net debt of Green Resource Co., Ltd is 53.9B KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 9, 2026