Manyo Factory Co. Ltd (439090) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Manyo Factory Co. Ltd stock KRW 11,611, price KRW 13,710, that is 15.3% below the price, quality 55 out of 100. Rating: overvalued. Calculated from audited financials with 24 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 8, 2026.
How to read this chart
41‑month range 11,110 KRW – 47,700 KRW · fair‑value band 8,128 KRW – 15,094 KRW · the 13,710 KRW price screens above the 11,611 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Manyo Factory Co., Ltd produces and sells skin care products in South Korea. It offers cleanser, toner, skin, mist, ampoule, serum, oil, moisturizer, sun care, mask, pack, hair, body, lip, and hand cosmetic products.
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It operates in Australia, the United States, United Kingdom, Germany, Malaysia, Vietnam, Singapore, and Korea. The company was founded in 2012 and is based in Seoul, South Korea. Manyo Factory Co., Ltd operates as a subsidiary of K-Beauty Holdings Limited Company.
Stock analysis
Manyo Factory Co. Ltd (439090) currently trades at 13,710 KRW, while our model-based Fair Value estimate is 11,611 KRW, 15% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 13,409 KRW per share, and 3 of the 24 models we run sit above the 13,710 KRW price.
Bear case: the Earnings-Based group reads lowest at 5,750 KRW, and 21 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 8,128 KRW (bear) to 15,094 KRW (bull), the price of 13,710 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 55/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Manyo Factory Co. Ltd reported revenue of 113B KRW in FY2025 versus 62.6B KRW in FY2021, a compound +15.9%/yr. Reported net income was 9.1B KRW in FY2025, compounding −10.4%/yr from FY2021.
Key figures
Market cap 225B KRW (≈ $166M) Micro · P/E ratio 14.8 · P/S ratio 2.10 · EPS (TTM) 924.81 KRW · Net margin 12.5% · Return on equity 11.3% · Return on assets (EBIT) 23.8% (5-year average) · Operating margin 9.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −26% fair-value upside, at −15%, 439090 screens cheaper than that median.
Fair Value models
Bear8,128 KRWFair Value 11,611 KRWBull15,094 KRW
Price 13,710 KRW · Downside -15.3%
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 12 months old). Earnings retained since then (924.81 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.
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.59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−11.7%
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.
+3.5%
’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. 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.
−8.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.4%
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.28% → 9%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+9.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +7.0% a year for the price.
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.Household & Personal Products · 229 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside−15.3% · Below median
Profitability
Return on equity (12 months)11.3% · Above median
Return on assets6.9% · Above median
Net margin (12 months)12.5% · Top 25%
Operating margin (12 months)9.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)−18.6% · Bottom 25%
Valuation Multiplesvs Household & Personal Products median · lower = cheaper
P/E (12 months)14.8× · Cheaper than median
P/B1.83× · Pricier than median
P/S (12 months)2.10× · Pricier than median
Price / free cash flow (fiscal year)26.5× · Pricier than median
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Is Manyo Factory Co. Ltd (439090) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 11,611 KRW versus a price of 13,710 KRW, about 15% lower (overvalued).
What is the fair value of 439090?
Our model-based fair value for Manyo Factory Co. Ltd is 11,611 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 13,710 KRW.
What is the quality score of 439090?
Manyo Factory Co. Ltd has a Quality Score of 55/100. 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 Manyo Factory Co. Ltd (439090)?
Our model-based price target is the fair value of 11,611 KRW (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 8,128 KRW, optimistic scenario 15,094 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Manyo Factory Co. Ltd stock forecast for 2026?
Our models put fair value at 11,611 KRW, about 15% lower versus a price of 13,710 KRW (overvalued). Cautious scenario 8,128 KRW, optimistic scenario 15,094 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Manyo Factory Co. Ltd (439090)?
Manyo Factory Co. Ltd reported trailing-twelve-month revenue of about 107B KRW (latest available figure, as of Nov 8, 2026).
What growth is priced into Manyo Factory Co. Ltd (439090)?
For today's price to be fair in a discounted-cash-flow model, Manyo Factory Co. Ltd would have to grow free cash flow by +9.2 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +15.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 439090 use?
Our models discount Manyo Factory Co. Ltd at 11.6 %: a base by market capitalisation (micro), damped by beta 0.10, 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 Manyo Factory Co. Ltd that is +9.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Manyo Factory Co. Ltd (439090) delivered so far?
Over the past 4 years revenue at Manyo Factory Co. Ltd grew +15.9 % a year. The price currently implies free-cash-flow growth of +9.2 % per 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 Manyo Factory Co. Ltd (439090) growing?
The median revenue growth in the sector is +2.0 % a year. That is the yardstick for the growth priced into Manyo Factory Co. Ltd (+9.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Manyo Factory Co. Ltd (439090)?
The free-cash-flow yield on the price is 3.78 %: that much free cash flow Manyo Factory Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Manyo Factory Co. Ltd (439090)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Manyo Factory Co. Ltd it is 11,611 KRW per share (as of Nov 8, 2026), against a price of 13,710 KRW. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Manyo Factory Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 439090 trades above its calculated fair value: price 13,710 KRW, fair value 11,611 KRW, a gap of about −15% (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 439090?
No. The price is what the market pays today (13,710 KRW); the fair value is what the company's own numbers justify (11,611 KRW). For Manyo Factory Co. Ltd the two are 2,099 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Manyo Factory Co. Ltd worth?
The market values Manyo Factory Co. Ltd at about 225B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 13,710 KRW; our models calculate a fair value of 11,611 KRW per share.
What do the bullish and bearish scenarios say about 439090?
Our models span a range for Manyo Factory Co. Ltd: cautious scenario 8,128 KRW, base 11,611 KRW, optimistic 15,094 KRW per share (as of Nov 8, 2026, price 13,710 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 439090?
Manyo Factory Co. Ltd trades at a price-to-earnings ratio of 14.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11,611 KRW is built from several models across several years. Other multiples: P/B 1.8, P/S 2.1, EV/EBITDA 11.4.
How solid is the balance sheet of Manyo Factory Co. Ltd (439090)?
Balance-sheet figures for Manyo Factory Co. Ltd (as of Nov 8, 2026): return on equity 11.3%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 439090 from its 52-week high?
Manyo Factory Co. Ltd trades at 13,710 KRW, about 30% below its 52-week high of 19,600 KRW and 23% above the low of 11,110 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 11,611 KRW is for.
Which stocks are comparable to Manyo Factory Co. Ltd?
From the same area (Consumer Defensive) we also value Colgate-Palmolive Company, Hindustan Unilever Limited, The Estée Lauder Companies Inc, Henkel AG, 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 Manyo Factory Co. Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 13,710 KRW, calculated fair value 11,611 KRW (−15%), Quality Score 55/100, 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 439090 calculated?
We run Manyo Factory Co. Ltd through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 11,611 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. Manyo Factory 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 Manyo Factory Co. Ltd (439090)?
The closing price on Nov 9, 2026 was 13,710 KRW. Our model-based fair value is 11,611 KRW, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Manyo Factory Co. Ltd right now?
Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (8,128 KRW to 15,094 KRW) leaves room in how you read the outcome.
Key figures of Manyo Factory Co. Ltd
How large is the market capitalisation of Manyo Factory Co. Ltd (439090)?
The market capitalisation of Manyo Factory Co. Ltd is 225B KRW (≈ $166M). 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 Manyo Factory Co. Ltd (439090)?
The price-to-sales ratio of Manyo Factory Co. Ltd is 2.10 (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 Manyo Factory Co. Ltd (439090)?
Earnings per share at Manyo Factory Co. Ltd are 924.81 KRW (price ÷ EPS = P/E 14.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Manyo Factory Co. Ltd (439090)?
The net margin of Manyo Factory Co. Ltd is 12.5% (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 Manyo Factory Co. Ltd (439090)?
The return on equity (ROE) of Manyo Factory Co. Ltd is 11.3% (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 Manyo Factory Co. Ltd (439090)?
On an EBIT basis the return on assets of Manyo Factory Co. Ltd is 23.8% (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 Manyo Factory Co. Ltd (439090)?
The operating margin of Manyo Factory Co. Ltd is 9.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Manyo Factory Co. Ltd (439090)?
Revenue at Manyo Factory Co. Ltd is growing −18.6% versus a year earlier (3y avg +3.5%). 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 Manyo Factory Co. Ltd (439090)?
Earnings per share at Manyo Factory Co. Ltd are growing +50.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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Some data
Nov 8, 2026