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LK CHEM (489500) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of LK CHEM KRW 8,997, price KRW 22,800, upside -60.5%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Basic Materials · KR · ISIN KR7489500009

LC Thin data Sep 24, 2026

LK CHEM

489500 · KQ

Weakest SetupStrongly overvalued and low quality.

!Fair value 8,997 KRW · Strongly overvalued (−61%)
!Quality 42/100
!Expensive Growth (revenue 3y +13.7 %/yr)
✓Highly profitable · 23.0% net margin (TTM)
!Low debt · negative free cash flow
✓Ranks above peers (6/8)
!Moderate moat 57/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

58,800 KRW 15,230 KRW Fair Value 8,997 KRW Feb 2025 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

19‑month range 15,230 KRW – 58,800 KRW · fair‑value band 6,298 KRW – 11,696 KRW · the 22,800 KRW price screens above the 8,997 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

LK CHEM Co., Ltd., a technology-oriented company, engages in the silicon chemical material business in South Korea.

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LK CHEM Co., Ltd., a technology-oriented company, engages in the silicon chemical material business in South Korea. It offers semiconductor chemicals, functional hair resins, and perovskite precursors; and chemical products, including acrylic acid, ethyl acrylate, butyl acrylate, 2-ethyl hexyl acrylate, methacrylic acid, methyl methacrylate, n-butyl methacrylate, i-butyl methacrylate, 2-hydroxyethyl methacrylate, pvc, plasticizer, isoprophyl alcohol, ascobic acid, and mono ethanol amine. The company was incorporated in 2007 and is headquartered in Cheonan-si, South Korea.

Stock analysis

LK CHEM (489500) currently trades at 22,800 KRW, while our model-based Fair Value estimate is 8,997 KRW, implying the stock looks roughly 153.4% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 11,787 KRW per share, and 0 of the 12 models we run sit above the 22,800 KRW price.

Bear case: the Asset-Based group reads lowest at 6,359 KRW, and 12 of the 12 models stay below the price. Evidence for this calculation is low.

Scenario range: 6,298 KRW (bear) to 11,696 KRW (bull), the price of 22,800 KRW sits above 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 42/100 (below-average quality), in the Basic Materials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

LK CHEM reported revenue of 20.2B KRW in FY2025 versus 13.7B KRW in FY2022, a compound +13.7%/yr. Reported net income was 4.4B KRW in FY2025, compounding +6.5%/yr from FY2022.

Key figures

Market cap 143B KRW (≈ $105M) · P/S ratio 5.13 · Net margin 21.6% · Return on equity 9.0% · Return on assets (EBIT) 18.9% · Operating margin 18.3% · Revenue (TTM) 22.9B KRW · Revenue growth (YoY) +79.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 56% below its 52-week high and 50% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −40% fair-value upside, at −61%, 489500 screens richer than that median.

Fair Value models

Bear 6,298 KRW Fair Value 8,997 KRW Bull 11,696 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.
Highest evidence
EPV 6,178 KRW 6,671 KRW 7,071 KRW 71
ROIC Compounder 6,178 KRW 6,671 KRW 7,071 KRW 69
Residual Income 6,965 KRW 7,068 KRW 6,765 KRW 68
All 12 models by family
Earnings-Based
Graham-Dodd 4,715 KRW 6,590 KRW 7,693 KRW 65
EPV 6,178 KRW 6,671 KRW 7,071 KRW 71
Multiples
P/E Multiple 8,841 KRW 11,787 KRW 14,734 KRW 63
P/S Multiple 3,616 KRW 4,822 KRW 6,027 KRW 58
P/B Multiple 8,841 KRW 11,787 KRW 14,734 KRW 55
EV/EBIT 9,714 KRW 12,262 KRW 14,809 KRW 66
EV/EBITDA 9,725 KRW 12,277 KRW 14,828 KRW 67
EV/Revenue 5,445 KRW 6,891 KRW 8,338 KRW 54
Asset-Based
NCAV (Graham) 4,746 KRW 6,359 KRW 9,491 KRW 54
Economic Profit
Residual Income 6,965 KRW 7,068 KRW 6,765 KRW 68
ROIC Compounder 6,178 KRW 6,671 KRW 7,071 KRW 69
Growth Earnings
Growth-Adj P/E 6,298 KRW 8,997 KRW 11,696 KRW 65

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Quality Score breakdown

Overall quality 42/100

Of which business quality 46 · Market factors (momentum, volatility) 22

Profitability 43
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−19.4%
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.
+13.7%
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. 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.
+7.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.6%
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.34% → 23%

489500 screens 153% overvalued. Compare with Linde plc →

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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.Specialty Chemicals · 713 stocks

Beats the industry median on 6/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 42 · Bottom 25%
Fair Value upside −61% · Bottom 25%
Profitability
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 18% · Top 25%
Growth and dividend
Revenue growth 80% · Top 25%
Balance sheet
Debt / equity 0.05× · Below median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 21
PAST (return on equity)36 · sector 23
HEALTH (low debt)97 · sector 95
DIVIDEND (yield)0 · sector 29

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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.

Stock Price Fair Value vs Fair Value
Linde plc LIN $469.72 $441.28 −6%
The Sherwin-Williams Company SHW $326.46 $148.97 −54%
Ecolab Inc ECL $276.72 $96.18 −65%
Air Products and Chemicals, Inc APD $286.97 $122.14 −57%
Nan Ya Plastics Corporation 1303 238.00 TWD 235.25 TWD −1%
Givaudan SA GIVN CHF 3,406 CHF 1,523 −55%
Wanhua Chemical Group 600309 ¥71.60 ¥68.03 −5%
Asian Paints Limited ASIANPAINT ₹2,455 ₹1,479 −40%
PPG Industries, Inc PPG $107.20 $77.06 −28%
DSM-Firmenich AG DSFIR CHF 91.50 CHF 29.27 −68%

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LK CHEM · Fair Value
8,997 KRW −153%Fair Value
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Cite: Fair Value Calculator (2026). "LK CHEM Fair Value". https://www.fairvalue-calculator.com/stock/489500

Frequently asked questions

Is LK CHEM (489500) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 8,997 KRW versus a price of 22,800 KRW, about −61% upside (overvalued).
What is the fair value of 489500?
Our model-based fair value for LK CHEM is 8,997 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 22,800 KRW.
What is the quality score of 489500?
LK CHEM has a Quality Score of 42/100. 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 LK CHEM (489500)?
Our model-based price target is the fair value of 8,997 KRW (as of Sep 24, 2026) from 12 valuation models. Cautious scenario 6,298 KRW, optimistic scenario 11,696 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the LK CHEM stock forecast for 2026?
Our models put fair value at 8,997 KRW, about −61% upside versus a price of 22,800 KRW (overvalued). Cautious scenario 6,298 KRW, optimistic scenario 11,696 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of LK CHEM (489500)?
LK CHEM reported trailing-twelve-month revenue of about 22.9B KRW (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of LK CHEM (489500)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LK CHEM it is 8,997 KRW per share (as of Sep 24, 2026), against a price of 22,800 KRW. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is LK CHEM stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 489500 trades above its calculated fair value: price 22,800 KRW, fair value 8,997 KRW, a gap of about −61% (overvalued). 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 489500?
No. The price is what the market pays today (22,800 KRW); the fair value is what the company's own numbers justify (8,997 KRW). For LK CHEM the two are 13,803 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is LK CHEM worth?
The market values LK CHEM at about 143B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 22,800 KRW; our models calculate a fair value of 8,997 KRW per share.
What do the bullish and bearish scenarios say about 489500?
Our models span a range for LK CHEM: cautious scenario 6,298 KRW, base 8,997 KRW, optimistic 11,696 KRW per share (as of Sep 24, 2026, price 22,800 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of LK CHEM (489500)?
Balance-sheet figures for LK CHEM (as of Sep 24, 2026): return on equity 9.0%, debt of 0.05 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 489500 from its 52-week high?
LK CHEM trades at 22,800 KRW, about 56% below its 52-week high of 51,300 KRW and 50% above the low of 15,230 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 8,997 KRW is for.
Which stocks are comparable to LK CHEM?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, 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 LK CHEM stock attractive at the current price?
The data as of Sep 24, 2026: price 22,800 KRW, calculated fair value 8,997 KRW (−61%), Quality Score 42/100, from 12 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 489500 calculated?
We run LK CHEM through 12 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 8,997 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. LK 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 LK CHEM (489500)?
The closing price on Sep 23, 2026 was 22,800 KRW. Our model-based fair value is 8,997 KRW, about −61% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LK CHEM right now?
The price sits above even our optimistic bull case (11,696 KRW). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (6,298 KRW to 11,696 KRW) leaves room in how you read the outcome.

Key figures of LK CHEM

How large is the market capitalisation of LK CHEM (489500)?
The market capitalisation of LK CHEM is 143B KRW (≈ $105M). 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 LK CHEM (489500)?
The price-to-sales ratio of LK CHEM is 5.13 (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 LK CHEM (489500)?
The net margin of LK CHEM is 21.6% (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 LK CHEM (489500)?
The return on equity (ROE) of LK CHEM is 9.0% (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 LK CHEM (489500)?
On an EBIT basis the return on assets of LK CHEM is 18.9% (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 LK CHEM (489500)?
The operating margin of LK CHEM is 18.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LK CHEM (489500)?
Revenue at LK CHEM is growing +79.6% versus a year earlier (3y avg +13.7%). 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 LK CHEM (489500)?
Earnings per share at LK CHEM are growing +171% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does LK CHEM (489500) generate?
The free cash flow of LK CHEM is −5.4B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does LK CHEM (489500) carry?
The net debt of LK CHEM is 1.4B KRW (fiscal year 2022). 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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