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Tdspharm Co (464280) Fair Value & Analysis

Healthcare · KR · Market cap 29.1B KRW

TC Tdspharm Co 464280 · KQ
Price5,590 KRW
Fair Value12,521 KRW
Upside+124.0%
Quality41/100
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Expensive Growth
Solidly profitable · 16.6% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/8)
Moderate moat 57/100
Evidence: Medium Range 8,764 KRW – 16,277 KRW Share as image

Fair value as of: Jul 22, 2026

From 12 valuation models · updated 18 days ago

Share price −3.8% over the past month.

Below-average quality, screening 124% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (8,764 KRW). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (8,764 KRW to 16,277 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (2 years)

52,000 KRW 4,525 KRW Fair Value 12,521 KRW Aug 2024 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

24‑month range 4,525 KRW – 52,000 KRW · fair‑value band 8,764 KRW – 16,277 KRW · the 5,590 KRW price screens below the 12,521 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Tdspharm Co (464280) currently trades at 5,590 KRW, while our model-based Fair Value estimate is 12,521 KRW, implying the stock looks roughly 124.0% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Healthcare 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: medium), always confirm before acting.

Over the trailing twelve months, Tdspharm Co generated revenue of 30.4B KRW at a net margin of 16.6%. Revenue grew 52.9% year over year. It earns a return on equity of 12.2%. Net debt stands at 6.4B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 8,764 KRW (bear case) to 16,277 KRW (bull case); at 5,590 KRW, the current price sits below 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 53% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -25% fair-value upside, at 124%, 464280 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
ROIC Compounder 5,586 KRW 6,479 KRW 7,260 KRW 72
Growth-Adj P/E 8,764 KRW 12,521 KRW 16,277 KRW 68
P/E Multiple 12,124 KRW 16,165 KRW 20,207 KRW 63
All 12 models by family
Earnings-Based
Graham-Dodd 5,496 KRW 10,780 KRW 13,498 KRW 54
EPV 5,586 KRW 6,479 KRW 7,260 KRW 59
Multiples
P/E Multiple 12,124 KRW 16,165 KRW 20,207 KRW 63
P/S Multiple 9,793 KRW 13,057 KRW 16,321 KRW 58
P/B Multiple 10,305 KRW 13,741 KRW 17,176 KRW 55
EV/EBIT 9,841 KRW 13,045 KRW 16,248 KRW 53
EV/EBITDA 8,461 KRW 11,204 KRW 13,948 KRW 54
EV/Revenue 6,708 KRW 9,485 KRW 12,261 KRW 43
Asset-Based
NCAV (Graham) 4,045 KRW 5,420 KRW 8,090 KRW 50
Economic Profit
Residual Income 7,109 KRW 7,909 KRW 12,446 KRW 61
ROIC Compounder 5,586 KRW 6,479 KRW 7,260 KRW 72
Growth Earnings
Growth-Adj P/E 8,764 KRW 12,521 KRW 16,277 KRW 68

Widest divergence: Multiples (13,045 KRW) versus Asset-Based (5,420 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 30.4B KRW
Revenue growth (YoY) +52.9%
Net margin 16.6%
Return on equity 12.2%
Free cash flow −9.1B KRW FY2025
Operating margin 16.7%
More key figures
EPS growth (YoY) +215%
Net debt 6.4B KRW FY2025

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 43 · Market factors (momentum, volatility) 8

Profitability 44
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 19
Calm price path (market factor)
Momentum 3
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 64
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

Tdspharm Co., Ltd. researches, develops, and produces pharmaceuticals and cosmetics in South Korea and internationally. It offers general medicines, prescription drugs, and non-medicinal products. The company was founded in 2002 and is based in Seongnam-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tdspharm Co reported revenue of 27.6B KRW in FY2025 versus 19.8B KRW in FY2021, a compound +8.7%/yr. Reported net income was 4.3B KRW in FY2025, compounding +20.0%/yr from FY2021.

Growth Quality 35/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
27.6B KRW
Latest YoY
+0.4%
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.
+2.6%
Revenue +8.7%/yr
FY21 19.8B KRW
FY22 25.6B KRW
FY23 30.0B KRW
FY24 27.5B KRW
FY25 27.6B KRW
Net income +20.0%/yr
FY21 2.1B KRW
FY22 3.5B KRW
FY23 4.7B KRW
FY24 3.7B KRW
FY25 4.3B KRW

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Cite: Fair Value Calculator (2026). "Tdspharm Co Fair Value". https://www.fairvalue-calculator.com/stock/464280

Peer Group

Drug Manufacturers - General · 76 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 41 · Bottom 25%
Fair Value upside +124% · Top 25%
Return on equity (TTM) 12% · Below median
Return on assets 6% · Below median
Net margin (TTM) 17% · Above median
Operating margin (TTM) 17% · Below median
Revenue growth 53% · Top 25%

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 100 · sector 0
FUTURE 100 · sector 24
PAST 49 · sector 50
HEALTH 100 · sector 94
DIVIDEND 0 · sector 46

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 Drug Manufacturers - General stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Eli Lilly and Company LLY $1,182 $396.77 -66%
Johnson & Johnson, JNJ $257.59 $169.04 -34%
AbbVie Inc ABBV $254.49 $67.72 -73%
Roche Holding 1RO €392.80 €226.68 -42%
Merck & Co MRK €108.08 €121.54 +12%
Novartis AG NVSN 2,742 MXN 2,379 MXN -13%
AstraZeneca PLC AZN $171.61 $129.54 -25%
Novo Nordisk A/S NOVOB kr 329.90 kr 409.46 +24%
Amgen Inc AMGN $363.39 $252.02 -31%
Sanofi SNYN 770.00 MXN 1,251 MXN +63%

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Frequently asked questions

Is Tdspharm Co (464280) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 12,521 KRW versus a price of 5,590 KRW, about +124% (undervalued).
What is the fair value of 464280?
Our model-based fair value for Tdspharm Co is 12,521 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 5,590 KRW.
What is the quality score of 464280?
Tdspharm Co has a Quality Score of 41/100. 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 Tdspharm Co (464280)?
Tdspharm Co reported trailing-twelve-month revenue of about 30.4B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 464280?
The net profit margin of Tdspharm Co is about 16.6%, meaning it keeps roughly 16.6% 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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