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

As of Nov 6, 2026: fair value (intrinsic value) of LK CHEM stock KRW 8,838, price KRW 16,440, that is 46.2% below the price, quality 43 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials KR · ISIN KR7489500009

LC LK CHEM logo Some data Nov 9, 2026

LK CHEM

489500 · KQ
Very expensive, weak quality

Our calculation puts a fair price 46% below what the stock costs today.

Highly profitable · 24.6% net margin (TTM)
Low debt
Last quarter vs. a year ago: revenue +33%, profit +79%.
Quality 43/100
Expensive Growth (revenue 3y +13.7 %/yr in KRW)
Mixed vs. peers (7/12)
Moderate moat 63/100 · thin data
Some data
Fair value 8,838 KRW · Strongly overvalued
Negative free cash flow
⟳ Cyclical
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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 8,838 KRW Feb 2025 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

20‑month range 15,230 KRW – 58,800 KRW · fair‑value band 6,187 KRW – 11,489 KRW · the 16,440 KRW price screens above the 8,838 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 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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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 16,440 KRW, while our model-based Fair Value estimate is 8,838 KRW, 46% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 9,795 KRW per share, and 1 of the 12 models we run sit above the 16,440 KRW price.

Bear case: the Asset-Based group reads lowest at 4,475 KRW, and 11 of the 12 models stay below the price. Data coverage for this calculation is medium.

Scenario range: 6,187 KRW (bear) to 11,489 KRW (bull), the price of 16,440 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 43/100 (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 105B KRW (≈ $77.3M) Micro · P/E ratio 16.8 · P/S ratio 4.23 · EPS (TTM) 950.87 KRW · Net margin 24.6% · Return on equity 10.0% · Return on assets (EBIT) 18.9% (4-year average) · Operating margin 24.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).

What moves the price

The share trades about 68% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −46%, 489500 screens richer than that median.

Fair Value models

Bear 6,187 KRW Fair Value 8,838 KRW Bull 11,489 KRW
Price 16,440 KRW · Downside -46.2%
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 (815.40 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
EPV 5,892 KRW 6,332 KRW 6,687 KRW 71
ROIC Compounder 5,892 KRW 6,332 KRW 6,687 KRW 69
Residual Income 6,877 KRW 7,100 KRW 7,549 KRW 68
All 12 models by family
Earnings-Based
Graham-Dodd 4,631 KRW 6,473 KRW 7,556 KRW 65
EPV 5,892 KRW 6,332 KRW 6,687 KRW 71
Multiples
P/E Multiple 8,684 KRW 11,579 KRW 14,473 KRW 63
P/S Multiple 3,552 KRW 4,736 KRW 5,920 KRW 58
P/B Multiple 20,819 KRW 27,759 KRW 34,698 KRW 55
EV/EBIT 7,285 KRW 9,788 KRW 12,290 KRW 66
EV/EBITDA 7,296 KRW 9,802 KRW 12,309 KRW 67
EV/Revenue 3,092 KRW 4,512 KRW 5,933 KRW 53
Asset-Based
NCAV (Graham) 2,954 KRW 4,475 KRW 5,594 KRW 54
Economic Profit
Residual Income 6,877 KRW 7,100 KRW 7,549 KRW 68
ROIC Compounder 5,892 KRW 6,332 KRW 6,687 KRW 69
Growth Earnings
Growth-Adj P/E 6,187 KRW 8,838 KRW 11,489 KRW 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 43/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 43
How much profit the company makes from its sales and capital
Quality Growth 0
Are margins and returns getting better?
Cashflow 29
Do the profits arrive as real cash?
Financial strength 96
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 28
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 8
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

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%

489500 screens overvalued: fair value 46% below the price. 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 · 728 stocks

Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 43 · Bottom 25%
Fair Value upside −46.2% · Below median
Profitability
Return on equity (12 months) 10.0% · Above median
Return on assets 6.6% · Above median
Net margin (12 months) 24.6% · Top 25%
Operating margin (12 months) 24.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 32.7% · Top 25%
Balance sheet
Debt / equity 0.05× · Below median

Valuation Multiplesvs Specialty Chemicals median · lower = cheaper

P/E (12 months) 16.8× · Cheaper than median
P/B 1.75× · Pricier than median
P/S (12 months) 4.23× · Priciest 25%
EV/EBITDA 11.5× · Pricier than 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 67
PAST (return on equity)40 · sector 27
HEALTH (low debt)97 · sector 95
DIVIDEND (yield)0 · sector 31

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 Compare
Nan Ya Plastics Corporation 1303 263.00 TWD 420.80 TWD +60% vs 489500
Wanhua Chemical Group 600309 ¥72.65 ¥68.03 −6% vs 489500
Linde plc LIN $515.25 $446.62 −13% vs 489500
PPG Industries, Inc PPG $122.38 $77.68 −37% vs 489500
DSM-Firmenich AG DSFIR CHF 100.50 CHF 57.70 −43% vs 489500
The Sherwin-Williams Company SHW $344.10 $146.37 −57% vs 489500
Givaudan SA GIVN CHF 4,054 CHF 1,554 −62% vs 489500
EMS-CHEMIE HOLDING AG EMSN CHF 848.50 CHF 284.63 −66% vs 489500
Ecolab Inc ECL $300.68 $96.56 −68% vs 489500
Air Products and Chemicals, Inc APD $304.84 $75.33 −75% vs 489500

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LK CHEM: fair value per Fair Value Calculator

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 Nov 9, 2026, our model estimates a fair value of 8,838 KRW versus a price of 16,440 KRW, about 46% lower (overvalued).
What is the fair value of 489500?
Our model-based fair value for LK CHEM is 8,838 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 16,440 KRW.
What is the quality score of 489500?
LK CHEM has a Quality Score of 43/100. 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 8,838 KRW (as of Nov 9, 2026) from 12 valuation models. Cautious scenario 6,187 KRW, optimistic scenario 11,489 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 8,838 KRW, about 46% lower versus a price of 16,440 KRW (overvalued). Cautious scenario 6,187 KRW, optimistic scenario 11,489 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 24.7B KRW (latest available figure, as of Nov 9, 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 8,838 KRW per share (as of Nov 9, 2026), against a price of 16,440 KRW. It is the blended result of 12 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is LK CHEM stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 489500 trades above its calculated fair value: price 16,440 KRW, fair value 8,838 KRW, a gap of about −46% (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 (16,440 KRW); the fair value is what the company's own numbers justify (8,838 KRW). For LK CHEM the two are 7,602 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 105B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 16,440 KRW; our models calculate a fair value of 8,838 KRW per share.
What do the bullish and bearish scenarios say about 489500?
Our models span a range for LK CHEM: cautious scenario 6,187 KRW, base 8,838 KRW, optimistic 11,489 KRW per share (as of Nov 9, 2026, price 16,440 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 489500?
LK CHEM trades at a price-to-earnings ratio of 16.8 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 8,838 KRW is built from several models across several years. Other multiples: P/B 1.8, P/S 4.2, EV/EBITDA 11.5.
How solid is the balance sheet of LK CHEM (489500)?
Balance-sheet figures for LK CHEM (as of Nov 9, 2026): return on equity 10.0%, debt of 0.05 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 489500 from its 52-week high?
LK CHEM trades at 16,440 KRW, about 68% below its 52-week high of 51,300 KRW and 8% above the low of 15,230 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 8,838 KRW is for.
Which stocks are comparable to LK CHEM?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics 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 LK CHEM stock attractive at the current price?
The data as of Nov 9, 2026: price 16,440 KRW, calculated fair value 8,838 KRW (−46%), Quality Score 43/100, 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 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 8,838 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. 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 Nov 6, 2026 was 16,440 KRW. Our model-based fair value is 8,838 KRW, about 46% lower (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 (11,489 KRW). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (6,187 KRW to 11,489 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 105B KRW (≈ $77.3M). 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 4.23 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of LK CHEM (489500)?
Earnings per share at LK CHEM are 950.87 KRW (price ÷ EPS = P/E 16.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of LK CHEM (489500)?
The net margin of LK CHEM is 24.6% (last twelve months). 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 10.0% (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 24.9% (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 +32.7% 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 +78.7% 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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