ASTech Co., Ltd. (453860) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of ASTech Co., Ltd. KRW 5,705, price KRW 7,880, upside -27.6%, quality 25 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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ASTech Co., Ltd. operates as a fine chemical manufacturing company in South Korea. It offers organic UV filters, such as Uvimax Type, Uvimax DHHB, Uvimax EHT, Uvimax TDSA, and Uvimax BEMT; active pharmaceutical ingredients; and other products. The company was founded in 2005 and is headquartered in Seocheon-eup, South Korea.
Stock analysis
ASTech Co., Ltd. (453860) currently trades at 7,880 KRW, while our model-based Fair Value estimate is 5,705 KRW, implying the stock looks roughly 38.1% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 6,520 KRW per share, and 0 of the 8 models we run sit above the 7,880 KRW price.
Bear case: the Earnings-Based group reads lowest at 2,789 KRW, and 8 of the 8 models stay below the price. Evidence for this calculation is medium.
Scenario range: 4,279 KRW (bear) to 6,932 KRW (bull), the price of 7,880 KRW sits above 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 25/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
ASTech Co., Ltd. reported revenue of 24.6B KRW in FY2025 versus 14.6B KRW in FY2021, a compound +13.8%/yr. Reported net income was 2.2B KRW in FY2025, compounding +42.8%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 60.8B KRW (≈ $44.7M) · P/S ratio 2.65 · Dividend yield 6.3% · Net margin 8.8% · Return on equity −1.4% · Return on assets (EBIT) 8.0% · Operating margin −37.8% · Revenue (TTM) 22.9B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 64% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −26% fair-value upside, at −28%, 453860 screens richer than that median.
Fair Value models
Bear 4,279 KRWFair Value 5,705 KRWBull 6,932 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.8/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−42.3%
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.
−8.6%
’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.
+39.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+33.2%
Dividend (yield on the price)6.3%
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.5% → 0%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Aerospace & Defense” was too small, so the broader sector is used.)Industrials · 5567 stocks
Beats the sector median on 1/9 measures
Overall it trails its sector peers.
Valuation
Quality Score25 · Bottom 25%
Fair Value upside−28% · Below median
Profitability
Return on assets−2% · Bottom 25%
Net margin (TTM)−4% · Bottom 25%
Operating margin (TTM)−38% · Bottom 25%
Growth and dividend
Revenue growth−26% · Bottom 25%
Dividend yield (TTM)6.3% · Top 25%
Balance sheet
Debt / equity0.46× · Highest 25%
Valuation Multiplesvs Industrials median · lower = cheaper
EV/EBITDA31.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 19
FUTURE (revenue growth)0· sector 24
PAST (return on equity)0· sector 28
HEALTH (low debt)77· sector 93
DIVIDEND (yield)100· sector 36
VALUE 0: the price sits above our fair-value range.
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Is ASTech Co., Ltd. (453860) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 5,705 KRW versus a price of 7,880 KRW, about −28% upside (overvalued).
What is the fair value of 453860?
Our model-based fair value for ASTech Co., Ltd. is 5,705 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 7,880 KRW.
What is the quality score of 453860?
ASTech Co., Ltd. has a Quality Score of 25/100. 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 ASTech Co., Ltd. (453860)?
Our model-based price target is the fair value of 5,705 KRW (as of Sep 24, 2026) from 8 valuation models. Cautious scenario 4,279 KRW, optimistic scenario 6,932 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the ASTech Co., Ltd. stock forecast for 2026?
Our models put fair value at 5,705 KRW, about −28% upside versus a price of 7,880 KRW (overvalued). Cautious scenario 4,279 KRW, optimistic scenario 6,932 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of ASTech Co., Ltd. (453860)?
ASTech Co., Ltd. reported trailing-twelve-month revenue of about 22.9B KRW (latest available figure, as of Sep 24, 2026).
Does ASTech Co., Ltd. pay a dividend?
ASTech Co., Ltd. currently shows a dividend yield of about 6.35% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of ASTech Co., Ltd. (453860)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ASTech Co., Ltd. it is 5,705 KRW per share (as of Sep 24, 2026), against a price of 7,880 KRW. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is ASTech Co., Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 453860 trades above its calculated fair value: price 7,880 KRW, fair value 5,705 KRW, a gap of about −28% (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 453860?
No. The price is what the market pays today (7,880 KRW); the fair value is what the company's own numbers justify (5,705 KRW). For ASTech Co., Ltd. the two are 2,175 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is ASTech Co., Ltd. worth?
The market values ASTech Co., Ltd. at about 60.8B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 7,880 KRW; our models calculate a fair value of 5,705 KRW per share.
What do the bullish and bearish scenarios say about 453860?
Our models span a range for ASTech Co., Ltd.: cautious scenario 4,279 KRW, base 5,705 KRW, optimistic 6,932 KRW per share (as of Sep 24, 2026, price 7,880 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ASTech Co., Ltd. (453860)?
Balance-sheet figures for ASTech Co., Ltd. (as of Sep 24, 2026): return on equity −1.4%, debt of 0.46 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is 453860 from its 52-week high?
ASTech Co., Ltd. trades at 7,880 KRW, about 64% below its 52-week high of 21,994 KRW and at the low of 7,870 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 5,705 KRW is for.
Which stocks are comparable to ASTech Co., Ltd.?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin 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 ASTech Co., Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 7,880 KRW, calculated fair value 5,705 KRW (−28%), Quality Score 25/100, from 8 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 453860 calculated?
We run ASTech Co., Ltd. through 8 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 5,705 KRW, 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 14.0 % above its aggregate fair value. ASTech 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 ASTech Co., Ltd. (453860)?
The closing price on Sep 23, 2026 was 7,880 KRW. Our model-based fair value is 5,705 KRW, about −28% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ASTech Co., Ltd. right now?
The price sits above even our optimistic bull case (6,932 KRW). The favourable scenario is already priced in. Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of ASTech Co., Ltd.
How large is the market capitalisation of ASTech Co., Ltd. (453860)?
The market capitalisation of ASTech Co., Ltd. is 60.8B KRW (≈ $44.7M). 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 ASTech Co., Ltd. (453860)?
The price-to-sales ratio of ASTech Co., Ltd. is 2.65 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of ASTech Co., Ltd. (453860)?
The dividend yield of ASTech Co., Ltd. is 6.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of ASTech Co., Ltd. (453860)?
The net margin of ASTech Co., Ltd. is 8.8% (fiscal year 2025). 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 ASTech Co., Ltd. (453860)?
The return on equity (ROE) of ASTech Co., Ltd. is −1.4% (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 ASTech Co., Ltd. (453860)?
On an EBIT basis the return on assets of ASTech Co., Ltd. is 8.0% (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 ASTech Co., Ltd. (453860)?
The operating margin of ASTech Co., Ltd. is −37.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ASTech Co., Ltd. (453860)?
Revenue at ASTech Co., Ltd. is growing −26.1% versus a year earlier (3y avg −8.6%). 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 ASTech Co., Ltd. (453860)?
Earnings per share at ASTech Co., Ltd. are growing −90.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ASTech Co., Ltd. (453860) generate?
The free cash flow of ASTech Co., Ltd. is −28.0B 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 ASTech Co., Ltd. (453860) carry?
The net debt of ASTech Co., Ltd. is 36.8B 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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