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OCI Co. Ltd. (456040) Fair Value & Analysis

Basic Materials · KR · Market cap 664B KRW

OC OCI Co. Ltd. 456040 · KO
Price80,200 KRW
Fair Value90,058 KRW
Upside+12.3%
Quality37/100
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Strengths

Trades 11% below our fair value of 90,058 KRW

Risks

!Weak Growth (revenue YoY −9.3 %/yr)
!Loss-making · -1.1% net margin
!Low debt · negative free cash flow
!Trails peers (3/10)
Weak Growth (revenue YoY −9.3 %/yr)
Loss-making · -1.1% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 21/100
Evidence: Low Range 50,165 KRW – 129,950 KRW Share as image

Fair value as of: Aug 20, 2026

From 2 valuation models · updated 5 days ago

Share price +4.6% over the past month.

Below-average quality, trading 11% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • A fairly wide model range (50,165 KRW to 129,950 KRW) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (3 years)

150,087 KRW 49,250 KRW Fair Value 90,058 KRW May 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

39‑month range 49,250 KRW – 150,087 KRW · fair‑value band 50,165 KRW – 129,950 KRW · the 80,200 KRW price screens below the 90,058 KRW fair value. Dashed = 300-day average. As of Aug 20, 2026.

Full chart & analysis →

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Analysis

OCI Co. Ltd. (456040) currently trades at 80,200 KRW, while our model-based Fair Value estimate is 90,058 KRW, implying the stock looks roughly 12.3% undervalued today. The Quality Score stands at 37/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, OCI Co. Ltd. generated revenue of 2.0T KRW at a net margin of -1.1%. Revenue declined 6.0% year over year. It earns a return on equity of -2.2%. Net debt stands at 514B KRW. Fundamentals as of Aug 20, 2026

Our scenario range runs from 50,165 KRW (bear case) to 129,950 KRW (bull case); at 80,200 KRW, the current price sits within 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 51% below its 52-week high and 53% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at 12%, 456040 screens cheaper 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
EV/EBITDA 110,004 KRW 149,897 KRW 189,789 KRW 54
NCAV (Graham) 76,138 KRW 102,024 KRW 152,275 KRW 50
All 2 models by family
Multiples
EV/EBITDA 110,004 KRW 149,897 KRW 189,789 KRW 54
Asset-Based
NCAV (Graham) 76,138 KRW 102,024 KRW 152,275 KRW 50

Widest divergence: Multiples (149,897 KRW) versus Asset-Based (102,024 KRW). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

P/S ratio 0.34 TTM
Net margin -1.1% TTM
Return on equity -2.2% TTM
Return on assets 0.5% TTM
Operating margin 5.5% TTM
Revenue (TTM) 2.0T KRW TTM
More key figures
Growth
Revenue growth (YoY) -6.0%
EPS growth (YoY) -71.4%
Balance sheet & cash flow
Free cash flow −27.1B KRW FY2025
Net debt 514B KRW FY2025

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 36 · Market factors (momentum, volatility) 36

Profitability 18
Margins and returns on capital today
Quality Growth 6
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 14
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 80
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.

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

OCI Company Ltd. engages in the manufacture and sell polysilicon, carbon black, and related products. It offers semiconductor materials, such as polysilicon, phosphoric acid, hydrogen peroxide, semiconductor precursor, and fumed silica; Li-ion battery materials, including caustic soda and high softening paint pitch; and carbon materials comprising carbon …

Full company description

OCI Company Ltd. engages in the manufacture and sell polysilicon, carbon black, and related products. It offers semiconductor materials, such as polysilicon, phosphoric acid, hydrogen peroxide, semiconductor precursor, and fumed silica; Li-ion battery materials, including caustic soda and high softening paint pitch; and carbon materials comprising carbon black, pitch, BTX, and plasticizers. The company provides TDI products. OCI Company Ltd. was incorporated in 1959 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2023 – FY2025 · reported fiscal years

OCI Co. Ltd. reported revenue of 2.0T KRW in FY2025 versus 1.3T KRW in FY2023, a compound +24.9%/yr. Reported net income was −62.6B KRW in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.0T KRW
Latest YoY
−9.3%
Value creation/yr We only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Revenue +24.9%/yr
FY23 1.3T KRW
FY24 2.2T KRW
FY25 2.0T KRW
Net income
FY23 52.2B KRW
FY24 96.0B KRW
FY25 −62.6B KRW

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Cite: Fair Value Calculator (2026). "OCI Co. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/456040

Peer Group

Specialty Chemicals · 683 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 37 · Bottom 25%
Fair Value upside +12% · Top 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 5% · Below median
Revenue growth -6% · Bottom 25%
Dividend yield (TTM) 2.5% · Above median
Debt / equity 0.27× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

EV/EBITDA 0.7× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE50 · sector 0
FUTURE0 · sector 19
PAST0 · sector 23
HEALTH86 · sector 95
DIVIDEND49 · sector 30

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $487.57 $222.03 -54%
The Sherwin-Williams Company SHW $360.20 $143.38 -60%
Ecolab Inc ECL $278.43 $96.18 -65%
Air Products and Chemicals, Inc APD $304.07 $122.14 -60%
Givaudan SA GIVN CHF 3,162 CHF 1,498 -53%
Wanhua Chemical Group 600309 ¥75.06 ¥68.03 -9%
500820 500820 ₹2,757 ₹557.43 -80%
Novozymes A/S NSISB kr 456.40 kr 169.99 -63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 -74%
PPG Industries, Inc PPG $112.81 $71.31 -37%

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Frequently asked questions

Is OCI Co. Ltd. (456040) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 90,058 KRW versus a price of 80,200 KRW, about +12% (undervalued).
What is the fair value of 456040?
Our model-based fair value for OCI Co. Ltd. is 90,058 KRW (as of Aug 20, 2026), built from audited fundamentals. The current price: 80,200 KRW.
What is the quality score of 456040?
OCI Co. Ltd. has a Quality Score of 37/100. 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 OCI Co. Ltd. (456040)?
OCI Co. Ltd. reported trailing-twelve-month revenue of about 2.0T KRW (latest available figure, as of Aug 20, 2026).
What is the net profit margin of 456040?
The net profit margin of OCI Co. Ltd. is about -1.1%, 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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