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CKH Food & Health Limited (900120) Fair Value & Analysis

Healthcare · KR · Market cap 40.7B KRW (≈ $28.5M) · ISIN KYG2114A1094

What is CKH Food & Health Limited really worth?

CF CKH Food & Health Limited 900120 · KQ
Price from Aug 24, 20261,040 KRW
Fair Value202.36 KRW
Upside−80.5%
Quality61/100

A solid business, but trading 414% above our fair value of 202.36 KRW.

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Strengths

Solidly profitable · 16.8% net margin
Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y −13.5 %/yr)
!Mixed vs. peers (4/10)
!Narrow moat 25/100
!Evidence only low, so the estimate is less certain
!Weak on past: 6 out of 100
!Weak on dividend: 1 out of 100
Evidence: Low Range 136.75 KRW – 283.98 KRW

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 21 days ago

Share price −11.0% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (283.98 KRW). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (136.75 KRW to 283.98 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

23,600 KRW 799.00 KRW Fair Value 202.36 KRW Jan 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 799.00 KRW – 23,600 KRW · fair‑value band 136.75 KRW – 283.98 KRW · the 1,040 KRW price screens above the 202.36 KRW fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

CKH Food & Health Limited (900120) currently trades at 1,040 KRW, while our model-based Fair Value estimate is 202.36 KRW, implying the stock looks roughly 413.9% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Healthcare sector. Bull case: the Growth Earnings group reads highest at a median of 195.35 KRW per share, and 15 of the 24 models we run sit above the 1,040 KRW price. Bear case: the Multiples group reads lowest at 89.61 KRW, and 9 of the 24 models stay below the price. Evidence for this calculation is low.

Revenue declined 27.5% year over year. It earns a return on equity of 1.6%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 136.75 KRW (bear case) to 283.98 KRW (bull case); at 1,040 KRW, the current price sits above 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 8% below its 52-week high and 221% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −45% fair-value upside, at −81%, 900120 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF 23,960 KRW 35,247 KRW 71,187 KRW 74
5Y EBITDA Exit 9,713 KRW 10,719 KRW 12,572 KRW 74
EPV 4,304 KRW 4,308 KRW 4,311 KRW 74
All 24 models by family
DCF Models
FCF DCF 23,960 KRW 35,247 KRW 71,187 KRW 74
5Y Revenue Exit 9,676 KRW 10,645 KRW 12,425 KRW 72
5Y EBITDA Exit 9,713 KRW 10,719 KRW 12,572 KRW 74
5Y P/E Exit 9,718 KRW 11,776 KRW 13,782 KRW 70
10Y Revenue Exit 13,907 KRW 18,517 KRW 19,287 KRW 66
10Y EBITDA Exit 13,934 KRW 18,596 KRW 24,417 KRW 67
10Y P/E Exit 13,938 KRW 18,608 KRW 24,434 KRW 63
Earnings-Based
Graham-Dodd 29.02 KRW 202.36 KRW 283.98 KRW 61
Lynch FV 104.55 KRW 149.35 KRW 194.16 KRW 59
PEG = 1.0 104.55 KRW 149.35 KRW 194.16 KRW 55
EPV 4,304 KRW 4,308 KRW 4,311 KRW 74
Dividend Discount
Gordon GGM 1.91 KRW 3.96 KRW 6.29 KRW 64
DDM Multi-Stage 1.91 KRW 3.34 KRW 4.16 KRW 64
Multiples
P/E Multiple 67.21 KRW 89.61 KRW 112.01 KRW 63
P/S Multiple 12.11 KRW 16.15 KRW 20.19 KRW 58
P/B Multiple 54.41 KRW 72.54 KRW 90.68 KRW 55
EV/EBIT 4,315 KRW 4,327 KRW 4,339 KRW 66
EV/EBITDA 4,340 KRW 4,360 KRW 4,380 KRW 67
EV/Revenue 4,291 KRW 4,295 KRW 4,300 KRW 54
Asset-Based
NCAV (Graham) 6,442 KRW 8,632 KRW 12,884 KRW 54
Growth DCF
Growth DCF 22,790 KRW 41,019 KRW 70,891 KRW 73
Economic Profit
Residual Income 8,520 KRW 7,651 KRW 5,220 KRW 74
ROIC Compounder 4,304 KRW 4,308 KRW 4,311 KRW 70
Growth Earnings
Growth-Adj P/E 136.75 KRW 195.35 KRW 253.96 KRW 65

Widest divergence: Growth DCF (41,019 KRW) versus Dividend Discount (3.34 KRW). Highest evidence: FCF DCF (74).

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Key figures & financial health

P/S ratio 0.28 TTM
Dividend yield 0.1%
Net margin 42.3% FY2024
Return on equity 1.6% TTM
Return on assets (EBIT) −4.7% avg 5y
Operating margin −33.3% TTM
More key figures
Growth
Revenue growth (YoY) −27.5% 3y avg −14.8%
EPS growth (YoY) −25.5%
Balance sheet & cash flow
Free cash flow 43.7B KRW FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 67 · Market factors (momentum, volatility) 12

Profitability 27
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 91
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 100
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

CXI Healthcare Technology Group Limited engages in the manufacture and distribution of health foods. It provides Chinese medicine-based health supplements in capsule, tablet, drink, and tea forms. The company was formerly known as CKH Food & Health Limited and changed its name to CXI Healthcare Technology Group Limited in October 2023.

Full company description

CXI Healthcare Technology Group Limited engages in the manufacture and distribution of health foods. It provides Chinese medicine-based health supplements in capsule, tablet, drink, and tea forms. The company was formerly known as CKH Food & Health Limited and changed its name to CXI Healthcare Technology Group Limited in October 2023. CXI Healthcare Technology Group Limited was founded in 2009 and is based in Grand Cayman, the Cayman Islands.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

CKH Food & Health Limited reported revenue of 377M KRW in FY2024 versus 373M KRW in FY2020, a compound +0.3%/yr. Reported net income was 159M KRW in FY2024.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
377M KRW
Latest YoY
+0.0%
Avg. revenue 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.
−14.8%
Avg. revenue growth/yr (5Y) 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.
−13.5%
Avg. revenue growth/yr (17Y) 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.
+8.1%
Value creation/yr We only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed
Revenue +0.3%/yr
FY20 373M KRW
FY21 610M KRW
FY22 545M KRW
FY23 377M KRW
FY24 377M KRW
Net income
FY20 −579M KRW
FY21 29.7M KRW
FY22 32.2M KRW
FY23 39.6M KRW
FY24 159M KRW

900120 screens 414% overvalued. Compare with Merck KGaA →

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Cite: Fair Value Calculator (2026). "CKH Food & Health Limited Fair Value". https://www.fairvalue-calculator.com/stock/900120

Peer Group

Drug Manufacturers - Specialty & Generic · 608 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 61 · Above median
Fair Value upside −81% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) −33% · Bottom 25%
Revenue growth −28% · Bottom 25%
Dividend yield (TTM) 0.1% · Bottom 25%

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 2
FUTURE0 · sector 22
PAST6 · sector 26
HEALTH100 · sector 97
DIVIDEND1 · sector 29

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

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Merck KGaA MRK €140.25 €106.48 −24%
Takeda Pharmaceutical Company TAK $18.03 $11.11 −38%
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.76 ¥25.94 −52%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,944 ₹989.50 −49%
Galderma Group GALD CHF 178.55 CHF 55.07 −69%
Haleon plc HLN $10.11 $7.64 −24%
Teva Pharmaceutical Industries Limited TEVA $36.05 $15.33 −57%
Sandoz Group SDZ CHF 70.66 CHF 39.21 −45%
Zoetis Inc ZTS $77.10 $104.88 +36%
Hansoh Pharmaceutical Group 3692 HK$35.12 HK$16.18 −54%

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Frequently asked questions

Is CKH Food & Health Limited (900120) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 202.36 KRW versus the last price from Aug 24, 2026 of 1,040 KRW, about −81% upside (overvalued).
What is the fair value of 900120?
Our model-based fair value for CKH Food & Health Limited is 202.36 KRW (as of Aug 13, 2026), built from audited fundamentals. Last price (from Aug 24, 2026): 1,040 KRW.
What is the quality score of 900120?
CKH Food & Health Limited has a Quality Score of 61/100. 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 net profit margin of 900120?
The net profit margin of CKH Food & Health Limited is about 16.8%, meaning it keeps roughly 16.8% of revenue as net income. Based on the latest reported figures.
Does CKH Food & Health Limited pay a dividend?
CKH Food & Health Limited currently shows a dividend yield of about 0.05% relative to its recent price (as of Aug 13, 2026).
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