INICS Corp. (452400) Fair Value & Analysis
Consumer Cyclical · KR · Market cap 48.8B KRW
Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Risks
Fair value as of: Aug 19, 2026
From 9 valuation models · updated 5 days ago
Fair value updated Aug 19, 2026, revised from 610.69 KRW to 1,221 KRW (+100.0%) since Aug 13, 2026. Share price +5.6% over the past month.
Below-average quality, and trading another 395% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (1,527 KRW). The favourable scenario is already priced in.
- Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.
How to read this chart
31‑month range 5,150 KRW – 35,753 KRW · fair‑value band 916.02 KRW – 1,527 KRW · the 6,040 KRW price screens above the 1,221 KRW fair value. Dashed = 300-day average. As of Aug 19, 2026.
Analysis
INICS Corp. (452400) currently trades at 6,040 KRW, while our model-based Fair Value estimate is 1,221 KRW, implying the stock looks roughly 79.8% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical 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, INICS Corp. generated revenue of 120B KRW at a net margin of 0.2%. Revenue declined 8.2% year over year. It earns a return on equity of 0.2%. Fundamentals as of Aug 19, 2026
Our scenario range runs from 916.02 KRW (bear case) to 1,527 KRW (bull case); at 6,040 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 58% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at -80%, 452400 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.
All 9 models by family
Widest divergence: Asset-Based (9,101 KRW) versus Earnings-Based (127.13 KRW). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 19
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Inics Corp. manufactures and sells industrial products and automobile parts in South Korea, China, the United States, Indonesia, and Czechia.
Full company description
Inics Corp. manufactures and sells industrial products and automobile parts in South Korea, China, the United States, Indonesia, and Czechia. The company offers electrified products, such as upper BPC, refractory bulkhead, ceramic wool, MICA, 3D MICA molded products, fireproof cloth with soft Mica AFF and MICA, bus bar tape, battery cell pad, and cell bonding tapes; interior and exterior products, including sound absorbing material, dual locks, flocking tapes, and acrylic foam tapes. It also provides industrial products, including anaerobic adhesive, double-sided tapes, cross-section tapes, cutting and grinding stones, abrasive, sandpaper and compound, and brushes; and other products including filter housing, air filter, filter assembly, liquid filtration filters, PVC electrical tape, and glass bubbles. The company was founded in 1984 and is headquartered in Busan, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2025 · reported fiscal years
INICS Corp. reported revenue of 123B KRW in FY2025 versus 114B KRW in FY2022, a compound +2.4%/yr. Reported net income was 247M KRW in FY2025, compounding −71.6%/yr from FY2022.
452400 screens 80% overvalued. Compare with O'Reilly Automotive, Inc →
Peer Group
Auto Parts · 646 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.
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: 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.
Similar stocks
10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| O'Reilly Automotive, Inc ORLY | $92.05 | $47.50 | -48% |
| AutoZone, Inc AZO | $3,019 | $2,287 | -24% |
| Hyundai Mobis Co 012330 | 511,000 KRW | 643,909 KRW | +26% |
| Fuyao Glass Industry Group 600660 | ¥56.76 | ¥84.47 | +49% |
| Knorr-Bremse AG KBX | €100.50 | €72.88 | -27% |
| Magna International Inc MGA | $69.71 | $68.17 | -2% |
| Genuine Parts Company GPC | $131.89 | $58.07 | -56% |
| Samvardhana Motherson International Limited MOTHERSON | ₹169.58 | ₹80.63 | -52% |
| Bosch Limited BOSCHLTD | ₹48,700 | ₹11,534 | -76% |
| Ningbo Tuopu Group 601689 | ¥50.30 | ¥28.28 | -44% |
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Frequently asked questions
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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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