SAMYANG NC Chem (482630) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of SAMYANG NC Chem KRW 13,071, price KRW 13,980, upside -6.5%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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NC Chem Corporation produces and sells fine chemical materials for semiconductors in South Korea. It offers materials for photo process and semiconductor wet process. The company was founded in 2008 and is based in Hwaseong-si, South Korea. NC Chem Corporation is a subsidiary of Samyang Holdings Corporation.
Stock analysis
SAMYANG NC Chem (482630) currently trades at 13,980 KRW, while our model-based Fair Value estimate is 13,071 KRW, implying the stock looks roughly 7.0% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 11,573 KRW per share, and 1 of the 24 models we run sit above the 13,980 KRW price.
Bear case: the Asset-Based group reads lowest at 3,650 KRW, and 23 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 9,228 KRW (bear) to 17,523 KRW (bull), the price of 13,980 KRW sits inside 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 55/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
SAMYANG NC Chem reported revenue of 125B KRW in FY2025 versus 95.3B KRW in FY2022, a compound +9.6%/yr. Reported net income was 14.9B KRW in FY2025, compounding +157.8%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap 306B KRW (≈ $225M) · P/S ratio 2.00 · Net margin 11.9% · Return on equity 14.5% · Return on assets (EBIT) 7.0% · Operating margin 16.0% · Revenue (TTM) 135B KRW · Revenue growth (YoY) +32.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 65% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −22% fair-value upside, at −7%, 482630 screens cheaper than that median.
Fair Value models
Bear 9,228 KRWFair Value 13,071 KRWBull 17,523 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.5%
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.
+9.6%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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. Basis: EBIT basis. 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.
≈ +21.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.7%
Dividend (yield on the price)0.0%
Profit margin 2022 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.2% → 14%
⚠ Rate on operating basis: 2025 sits 58% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +16.0% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Semiconductor Equipment & Materials · 219 stocks
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Is SAMYANG NC Chem (482630) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 13,071 KRW versus a price of 13,980 KRW, about −7% upside (fairly valued).
What is the fair value of 482630?
Our model-based fair value for SAMYANG NC Chem is 13,071 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 13,980 KRW.
What is the quality score of 482630?
SAMYANG NC Chem has a Quality Score of 55/100. 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 SAMYANG NC Chem (482630)?
Our model-based price target is the fair value of 13,071 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 9,228 KRW, optimistic scenario 17,523 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the SAMYANG NC Chem stock forecast for 2026?
Our models put fair value at 13,071 KRW, about −7% upside versus a price of 13,980 KRW (fairly valued). Cautious scenario 9,228 KRW, optimistic scenario 17,523 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of SAMYANG NC Chem (482630)?
SAMYANG NC Chem reported trailing-twelve-month revenue of about 135B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into SAMYANG NC Chem (482630)?
For today's price to be fair in a discounted-cash-flow model, SAMYANG NC Chem would have to grow free cash flow by +18.4 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +9.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 482630 use?
Our models discount SAMYANG NC Chem at 13.1 %: a base by market capitalisation (micro), country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For SAMYANG NC Chem that is +18.4 % per year a year over ten years, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has SAMYANG NC Chem (482630) delivered so far?
Over the past 3 years revenue at SAMYANG NC Chem grew +9.6 % a year. The price currently implies +18.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of SAMYANG NC Chem (482630) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into SAMYANG NC Chem (+18.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SAMYANG NC Chem (482630)?
The free-cash-flow yield on the price is 4.85 %: that much free cash flow SAMYANG NC Chem produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SAMYANG NC Chem (482630)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SAMYANG NC Chem it is 13,071 KRW per share (as of Sep 24, 2026), against a price of 13,980 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is SAMYANG NC Chem stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 482630 trades above its calculated fair value: price 13,980 KRW, fair value 13,071 KRW, a gap of about −7% (fairly valued). 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 482630?
No. The price is what the market pays today (13,980 KRW); the fair value is what the company's own numbers justify (13,071 KRW). For SAMYANG NC Chem the two are 908.70 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is SAMYANG NC Chem worth?
The market values SAMYANG NC Chem at about 306B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 13,980 KRW; our models calculate a fair value of 13,071 KRW per share.
What do the bullish and bearish scenarios say about 482630?
Our models span a range for SAMYANG NC Chem: cautious scenario 9,228 KRW, base 13,071 KRW, optimistic 17,523 KRW per share (as of Sep 24, 2026, price 13,980 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SAMYANG NC Chem (482630)?
Balance-sheet figures for SAMYANG NC Chem (as of Sep 24, 2026): return on equity 14.5%, debt of 0.05 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 482630 from its 52-week high?
SAMYANG NC Chem trades at 13,980 KRW, about 38% below its 52-week high of 22,650 KRW and 65% above the low of 8,460 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 13,071 KRW is for.
Which stocks are comparable to SAMYANG NC Chem?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA 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 SAMYANG NC Chem stock attractive at the current price?
The data as of Sep 24, 2026: price 13,980 KRW, calculated fair value 13,071 KRW (−7%), Quality Score 55/100, from 24 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 482630 calculated?
We run SAMYANG NC Chem through 24 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 13,071 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 13.0 % above its aggregate fair value. SAMYANG NC Chem 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 SAMYANG NC Chem (482630)?
The closing price on Sep 23, 2026 was 13,980 KRW. Our model-based fair value is 13,071 KRW, about −7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SAMYANG NC Chem right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (9,228 KRW to 17,523 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.
Key figures of SAMYANG NC Chem
How large is the market capitalisation of SAMYANG NC Chem (482630)?
The market capitalisation of SAMYANG NC Chem is 306B KRW (≈ $225M). 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 SAMYANG NC Chem (482630)?
The price-to-sales ratio of SAMYANG NC Chem is 2.00 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of SAMYANG NC Chem (482630)?
The net margin of SAMYANG NC Chem is 11.9% (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 SAMYANG NC Chem (482630)?
The return on equity (ROE) of SAMYANG NC Chem is 14.5% (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 SAMYANG NC Chem (482630)?
On an EBIT basis the return on assets of SAMYANG NC Chem is 7.0% (avg 4y). 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 SAMYANG NC Chem (482630)?
The operating margin of SAMYANG NC Chem is 16.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SAMYANG NC Chem (482630)?
Revenue at SAMYANG NC Chem is growing +32.9% versus a year earlier (3y avg +9.6%). 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 SAMYANG NC Chem (482630)?
Earnings per share at SAMYANG NC Chem are growing −28.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SAMYANG NC Chem (482630) carry?
The net debt of SAMYANG NC Chem is 28.0B KRW (fiscal year 2024, ≈ 1.9 yrs of FCF). 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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