SAMYANG NC Chem (482630) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of SAMYANG NC Chem stock KRW 8,499, price KRW 8,970, that is 5.3% below the price, quality 56 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
21‑month range 7,595 KRW – 22,650 KRW · fair‑value band 6,000 KRW – 11,393 KRW · the 8,970 KRW price screens above the 8,499 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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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.
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NC Chem Corporation is a subsidiary of Samyang Holdings Corporation.
Stock analysis
SAMYANG NC Chem (482630) currently trades at 8,970 KRW, while our model-based Fair Value estimate is 8,499 KRW, so the stock looks roughly fairly valued today (gap 5.5%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 11,365 KRW per share, and 16 of the 24 models we run sit above the 8,970 KRW price.
Bear case: the Asset-Based group reads lowest at 2,056 KRW, and 8 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 6,000 KRW (bear) to 11,393 KRW (bull), the price of 8,970 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 56/100 (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 295B KRW (≈ $218M) Micro · P/E ratio 13.8 · P/S ratio 1.64 · EPS (TTM) 933.03 KRW · Net margin 11.9% · Return on equity 16.8% · Return on assets (EBIT) 7.0% (4-year average) · Operating margin 14.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −5%, 482630 screens cheaper than that median.
Fair Value models
Bear6,000 KRWFair Value 8,499 KRWBull11,393 KRW
Price 8,970 KRW · Downside -5.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (800.11 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF6,738 KRW10,178 KRW14,975 KRW77
Growth DCF6,622 KRW9,580 KRW13,404 KRW75
Owner Earnings5,963 KRW8,975 KRW13,175 KRW73
All 24 models by family
DCF Models
FCF DCF6,738 KRW10,178 KRW14,975 KRW77
Owner Earnings5,963 KRW8,975 KRW13,175 KRW73
5Y Revenue Exit6,487 KRW10,445 KRW15,719 KRW69
5Y EBITDA Exit7,527 KRW12,572 KRW18,817 KRW71
5Y P/E Exit7,647 KRW12,816 KRW18,657 KRW67
10Y Revenue Exit6,345 KRW9,716 KRW14,692 KRW63
10Y EBITDA Exit7,059 KRW11,005 KRW16,829 KRW65
10Y P/E Exit7,125 KRW11,154 KRW16,718 KRW60
Earnings-Based
Graham-Dodd4,629 KRW21,047 KRW28,871 KRW61
Lynch FV5,509 KRW7,869 KRW10,230 KRW58
PEG = 1.05,509 KRW7,869 KRW10,230 KRW55
EPV4,857 KRW5,353 KRW5,752 KRW71
Multiples
P/E Multiple8,679 KRW11,573 KRW14,466 KRW63
P/S Multiple6,445 KRW8,593 KRW10,741 KRW58
P/B Multiple10,990 KRW14,654 KRW18,317 KRW55
EV/EBIT7,179 KRW9,999 KRW12,818 KRW66
EV/EBITDA7,170 KRW9,987 KRW12,803 KRW67
EV/Revenue4,736 KRW7,314 KRW9,892 KRW53
Asset-Based
NCAV (Graham)1,357 KRW2,056 KRW2,570 KRW54
Growth DCF
Growth DCF6,622 KRW9,580 KRW13,404 KRW75
Rev-Margin DCF6,487 KRW10,392 KRW15,403 KRW69
Economic Profit
Residual Income4,527 KRW4,978 KRW6,006 KRW68
ROIC Compounder4,857 KRW5,353 KRW6,114 KRW69
Growth Earnings
Growth-Adj P/E7,956 KRW11,365 KRW14,775 KRW65
The fair value above starts from this blend and is adjusted for dilution from new shares.
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
Price in line with expectations
The price assumes about as much growth as 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).
+9.7%
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 +7.5% 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 · 235 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is SAMYANG NC Chem (482630) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 8,499 KRW versus a price of 8,970 KRW, about 5% lower (fairly valued).
What is the fair value of 482630?
Our model-based fair value for SAMYANG NC Chem is 8,499 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 8,970 KRW.
What is the quality score of 482630?
SAMYANG NC Chem has a Quality Score of 56/100. 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 8,499 KRW (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 6,000 KRW, optimistic scenario 11,393 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 8,499 KRW, about 5% lower versus a price of 8,970 KRW (fairly valued). Cautious scenario 6,000 KRW, optimistic scenario 11,393 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 143B KRW (latest available figure, as of Nov 8, 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 +9.7 % 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 Nov 8, 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 +9.7 % per year for five years, then slowing evenly to 2 % by year ten, 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 free-cash-flow growth of +9.7 % per 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 +16.8 % a year. That is the yardstick for the growth priced into SAMYANG NC Chem (+9.7 % per 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 7.56 %: 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 8,499 KRW per share (as of Nov 8, 2026), against a price of 8,970 KRW. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is SAMYANG NC Chem stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 482630 trades above its calculated fair value: price 8,970 KRW, fair value 8,499 KRW, a gap of about −5% (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 (8,970 KRW); the fair value is what the company's own numbers justify (8,499 KRW). For SAMYANG NC Chem the two are 471.06 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 295B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 8,970 KRW; our models calculate a fair value of 8,499 KRW per share.
What do the bullish and bearish scenarios say about 482630?
Our models span a range for SAMYANG NC Chem: cautious scenario 6,000 KRW, base 8,499 KRW, optimistic 11,393 KRW per share (as of Nov 8, 2026, price 8,970 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 482630?
SAMYANG NC Chem trades at a price-to-earnings ratio of 13.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 8,499 KRW is built from several models across several years. Other multiples: P/B 2.5, P/S 2.1, EV/EBITDA 9.9.
How solid is the balance sheet of SAMYANG NC Chem (482630)?
Balance-sheet figures for SAMYANG NC Chem (as of Nov 8, 2026): return on equity 16.8%, debt of 0.05 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 482630 from its 52-week high?
SAMYANG NC Chem trades at 8,970 KRW, about 60% below its 52-week high of 22,650 KRW and 6% above the low of 8,460 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 8,499 KRW is for.
Which stocks are comparable to SAMYANG NC Chem?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, 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 Nov 8, 2026: price 8,970 KRW, calculated fair value 8,499 KRW (−5%), Quality Score 56/100, 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 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 8,499 KRW builds on their evidence-weighted average, 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 13.3% 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 Nov 6, 2026 was 8,970 KRW. Our model-based fair value is 8,499 KRW, about 5% lower (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 (6,000 KRW to 11,393 KRW) leaves room in how you read the outcome.
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 295B KRW (≈ $218M). 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 1.64 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SAMYANG NC Chem (482630)?
Earnings per share at SAMYANG NC Chem are 933.03 KRW (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
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 16.8% (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 14.7% (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 +24.0% 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 +1.9% 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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Some data
Nov 8, 2026