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BLUEMTEC Co (439580) Fair Value & Analysis

Healthcare · KR · Market cap 55.6B KRW

BC BLUEMTEC Co 439580 · KQ
Price1,790 KRW
Fair Value523.18 KRW
Upside-70.8%
Quality43/100
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Mixed Growth
Loss-making · -0.1% net margin
Low debt · generates free cash flow
Trails peers (3/9)
Narrow moat 18/100
Evidence: Medium Range 172.84 KRW – 873.52 KRW Share as image

Fair value as of: Jul 22, 2026

From 10 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 523.50 KRW to 523.18 KRW (−0.1%) since Jun 25, 2026. Share price +3.6% over the past month.

Below-average quality, and screening another 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (873.52 KRW). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (172.84 KRW to 873.52 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (3 years)

17,000 KRW 1,466 KRW Fair Value 523.18 KRW Dec 2023 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

32‑month range 1,466 KRW – 17,000 KRW · fair‑value band 172.84 KRW – 873.52 KRW · the 1,790 KRW price screens above the 523.18 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

BLUEMTEC Co (439580) currently trades at 1,790 KRW, while our model-based Fair Value estimate is 523.18 KRW, implying the stock looks roughly 70.8% overvalued today. The Quality Score stands at 43/100 (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: medium).

Over the trailing twelve months, BLUEMTEC Co generated revenue of 196B KRW at a net margin of -0.1%. Revenue grew 28.9% year over year. It earns a return on equity of -0.6%. Net debt stands at 21.8B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 172.84 KRW (bear case) to 873.52 KRW (bull case); at 1,790 KRW, the current price sits above 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 74% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -14% fair-value upside, at -71%, 439580 screens richer 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
Growth DCF 1,721 KRW 3,122 KRW 5,417 KRW 80
Rev-Margin DCF 1,484 KRW 2,388 KRW 4,281 KRW 74
EV/EBITDA 448.36 KRW 498.03 KRW 547.70 KRW 54
All 10 models by family
DCF Models
FCF DCF 1,811 KRW 2,678 KRW 5,440 KRW 38
5Y Revenue Exit 1,375 KRW 2,125 KRW 3,691 KRW 39
5Y EBITDA Exit 825.75 KRW 1,015 KRW 1,377 KRW 41
10Y Revenue Exit 1,484 KRW 2,816 KRW 3,637 KRW 36
10Y EBITDA Exit 1,121 KRW 1,634 KRW 2,370 KRW 37
Multiples
EV/EBITDA 448.36 KRW 498.03 KRW 547.70 KRW 54
EV/Revenue 1,117 KRW 1,467 KRW 1,817 KRW 43
Asset-Based
NCAV (Graham) 662.39 KRW 887.61 KRW 1,325 KRW 50
Growth DCF
Growth DCF 1,721 KRW 3,122 KRW 5,417 KRW 80
Rev-Margin DCF 1,484 KRW 2,388 KRW 4,281 KRW 74

Widest divergence: Growth DCF (2,388 KRW) versus Multiples (498.03 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 196B KRW
Revenue growth (YoY) +28.9%
Net margin -0.1%
Return on equity -0.6%
Free cash flow 3.0B KRW FY2025
Operating margin -1.7%
More key figures
Net debt 21.8B KRW FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 45 · Market factors (momentum, volatility) 15

Profitability 27
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 67
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

BLUEMTEC Co., Ltd. operates a pharmaceutical distribution platform in South Korea and internationally. It is also involved in the healthcare digital marketing, IT development, fulfilment, pharmaceutical distribution data, and medical staff matching, and logistics businesses. The company was founded in 2015 and is headquartered in Yongin-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BLUEMTEC Co reported revenue of 186B KRW in FY2025 versus 51.9B KRW in FY2021, a compound +37.6%/yr. Reported net income was −4.5B KRW in FY2025.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
186B KRW
Latest YoY
+39.5%
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.
+34.1%
Revenue +37.6%/yr
FY21 51.9B KRW
FY22 77.1B KRW
FY23 114B KRW
FY24 133B KRW
FY25 186B KRW
Net income
FY21 −7.6B KRW
FY22 −14.2B KRW
FY23 −2.3B KRW
FY24 −4.8B KRW
FY25 −4.5B KRW

439580 screens 71% overvalued. Compare with JD Health International Inc →

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Cite: Fair Value Calculator (2026). "BLUEMTEC Co Fair Value". https://www.fairvalue-calculator.com/stock/439580

Peer Group

Pharmaceutical Retailers · 61 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 43 · Below median
Fair Value upside −71% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -0% · Below median
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 29% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Pharmaceutical Retailers median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

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 0 · sector 19
FUTURE 100 · sector 19
PAST 0 · sector 19
HEALTH 99 · sector 97
DIVIDEND 0 · sector 66

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Pharmaceutical Retailers stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
JD Health International Inc 6618 HK$39.20 HK$33.28 -15%
Raia Drogasil S.A RADL3 R$18.20 R$15.58 -14%
Yifeng Pharmacy Chain Co 603939 ¥20.24 ¥29.07 +44%
DaShenLin Pharmaceutical Group 603233 ¥17.81 ¥23.86 +34%
Corporativo Fragua, S.A. FRAGUAB 463.00 MXN 821.18 MXN +77%
LBX Pharmacy Chain Joint Stock Company 603883 ¥11.51 ¥10.57 -8%
MedPlus Health Services Limited MEDPLUS ₹690.20 ₹379.25 -45%
Yixintang Pharmaceutical Group 002727 ¥11.46 ¥9.45 -18%
Anhui Huaren Health Pharmaceutical Co 301408 ¥14.40 ¥10.05 -30%
Apotea AB APOTEA kr 74.75 kr 43.95 -41%

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Frequently asked questions

Is BLUEMTEC Co (439580) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 523.18 KRW versus a price of 1,790 KRW, about −71% (overvalued).
What is the fair value of 439580?
Our model-based fair value for BLUEMTEC Co is 523.18 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,790 KRW.
What is the quality score of 439580?
BLUEMTEC Co has a Quality Score of 43/100. 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 BLUEMTEC Co (439580)?
BLUEMTEC Co reported trailing-twelve-month revenue of about 196B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 439580?
The net profit margin of BLUEMTEC Co is about -0.1%, 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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