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SMCG Co (460870) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 48.2B KRW

SC SMCG Co 460870 · KQ
Price3,040 KRW
Fair Value1,358 KRW
Upside-55.3%
Quality34/100
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Expensive Growth
Thin margins · 6.7% net margin
Low debt · negative free cash flow
Ranks above peers (5/8)
Narrow moat 37/100
Evidence: High Range 1,019 KRW – 1,734 KRW Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 18 days ago

Fair value updated Jul 22, 2026, revised from 1,349 KRW to 1,358 KRW (+0.7%) since Jul 11, 2026. Share price +29.4% over the past month.

Below-average quality, and screening another 55% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,734 KRW). The favourable scenario is already priced in.
  • Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (17 months)

9,170 KRW 1,901 KRW Fair Value 1,358 KRW Mar 2025 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

17‑month range 1,901 KRW – 9,170 KRW · fair‑value band 1,019 KRW – 1,734 KRW · the 3,040 KRW price screens above the 1,358 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

SMCG Co (460870) currently trades at 3,040 KRW, while our model-based Fair Value estimate is 1,358 KRW, implying the stock looks roughly 55.3% overvalued today. The Quality Score stands at 34/100 (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: high).

Over the trailing twelve months, SMCG Co generated revenue of 57.7B KRW at a net margin of 6.7%. Revenue grew 14.2% year over year. It earns a return on equity of 10.0%. Net debt stands at 20.3B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,019 KRW (bear case) to 1,734 KRW (bull case); at 3,040 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 68% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at -55%, 460870 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
ROIC Compounder 1,708 KRW 2,024 KRW 2,555 KRW 72
Growth-Adj P/E 933.46 KRW 1,334 KRW 1,734 KRW 68
P/E Multiple 1,019 KRW 1,358 KRW 1,698 KRW 63
All 15 models by family
DCF Models
Owner Earnings 2,585 KRW 5,026 KRW 9,411 KRW 31
Earnings-Based
Graham-Dodd 461.85 KRW 2,320 KRW 3,203 KRW 54
Lynch FV 628.53 KRW 897.90 KRW 1,167 KRW 50
PEG = 1.0 628.53 KRW 897.90 KRW 1,167 KRW 46
EPV 1,708 KRW 2,024 KRW 2,300 KRW 59
Multiples
P/E Multiple 1,019 KRW 1,358 KRW 1,698 KRW 63
P/S Multiple 865.98 KRW 1,155 KRW 1,443 KRW 58
P/B Multiple 865.98 KRW 1,155 KRW 1,443 KRW 55
EV/EBIT 3,214 KRW 4,347 KRW 5,481 KRW 53
EV/EBITDA 4,499 KRW 6,061 KRW 7,623 KRW 54
EV/Revenue 2,105 KRW 3,088 KRW 4,070 KRW 43
Asset-Based
NCAV (Graham) 1,062 KRW 1,423 KRW 2,124 KRW 50
Economic Profit
Residual Income 1,547 KRW 1,506 KRW 1,287 KRW 61
ROIC Compounder 1,708 KRW 2,024 KRW 2,555 KRW 72
Growth Earnings
Growth-Adj P/E 933.46 KRW 1,334 KRW 1,734 KRW 68

Widest divergence: DCF Models (5,026 KRW) versus Earnings-Based (897.90 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 57.7B KRW
Revenue growth (YoY) +14.2%
Net margin 6.7%
Return on equity 10.0%
Free cash flow −3.4B KRW FY2025
Operating margin 9.0%
More key figures
EPS growth (YoY) -55.7%
Net debt 20.3B KRW FY2025

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

Quality Score breakdown

Overall quality 34/100

Of which business quality 34 · Market factors (momentum, volatility) 11

Profitability 30
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 1
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 27
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

SMCG Co., Ltd. manufactures and sells glass containers for cosmetics. The company also provides accessories, which includes caps, pumps, droppers, etc. It serves companies and small and medium-sized enterprises. The company was founded in 1998 and is headquartered in Anseong-si, South Korea.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

SMCG Co reported revenue of 55.8B KRW in FY2025 versus 31.6B KRW in FY2022, a compound +20.8%/yr. Reported net income was 1.3B KRW in FY2025, compounding +10.7%/yr from FY2022.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
55.8B KRW
Latest YoY
+2.2%
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.
+20.8%
Revenue +20.8%/yr
FY22 31.6B KRW
FY23 37.4B KRW
FY24 54.6B KRW
FY25 55.8B KRW
Net income +10.7%/yr
FY22 983M KRW
FY23 371M KRW
FY24 −2.1B KRW
FY25 1.3B KRW

460870 screens 55% overvalued. Compare with Stora Enso Oyj →

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Cite: Fair Value Calculator (2026). "SMCG Co Fair Value". https://www.fairvalue-calculator.com/stock/460870

Peer Group

Packaging & Containers · 272 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 34 · Bottom 25%
Fair Value upside −55% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 14% · Top 25%
Debt / equity 0.18× · Higher than 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 · sector 9
FUTURE 71 · sector 1
PAST 40 · sector 21
HEALTH 91 · sector 92
DIVIDEND 0 · sector 42

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 Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥29.10 ¥20.88 -28%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

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Frequently asked questions

Is SMCG Co (460870) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,358 KRW versus a price of 3,040 KRW, about −55% (overvalued).
What is the fair value of 460870?
Our model-based fair value for SMCG Co is 1,358 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 3,040 KRW.
What is the quality score of 460870?
SMCG Co has a Quality Score of 34/100. 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 SMCG Co (460870)?
SMCG Co reported trailing-twelve-month revenue of about 57.7B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 460870?
The net profit margin of SMCG Co is about 6.7%, meaning it keeps roughly 6.7% of revenue as net income. 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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