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Coloray International Investment Co. Ltd (900310) Fair Value & Analysis

Industrials · KR · Market cap 25.3B KRW

CI Coloray International Investment Co. Ltd 900310 · KQ
Price2,180 KRW
Fair Value1,223 KRW
Upside-43.9%
Quality42/100
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Risks

!Trades 78% ABOVE our fair value of 1,223 KRW
!Expensive Growth (revenue 5y +151.7 %/yr)
!Loss-making · -1.1% net margin
!Low debt · negative free cash flow
Expensive Growth (revenue 5y +151.7 %/yr)
Loss-making · -1.1% net margin
Low debt · negative free cash flow
Trails peers (3/9)
Narrow moat 29/100
Evidence: Medium Range 1,222 KRW – 1,240 KRW Share as image

Fair value as of: Aug 15, 2026

From 8 valuation models · updated 11 days ago

Fair value updated Aug 15, 2026, revised from 1,272 KRW to 1,223 KRW (−3.9%) since Jul 22, 2026. Share price +12.3% over the past month.

Below-average quality, and trading another 78% above our fair value.

What runs behind every stock

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

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What matters now

  • The price sits above even our optimistic bull case (1,240 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 models converge in a tight band (1,222 KRW to 1,240 KRW), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

2,180 KRW 0.0007 KRW Fair Value 1,223 KRW Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range 0.0007 KRW – 2,180 KRW · fair‑value band 1,222 KRW – 1,240 KRW · the 2,180 KRW price screens above the 1,223 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Coloray International Investment Co. Ltd (900310) currently trades at 2,180 KRW, while our model-based Fair Value estimate is 1,223 KRW, implying the stock looks roughly 43.9% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Coloray International Investment Co. Ltd generated revenue of 44.6B KRW at a net margin of -1.1%. Revenue grew 7.7% year over year. It earns a return on equity of -0.2%. Fundamentals as of Aug 15, 2026

Our scenario range runs from 1,222 KRW (bear case) to 1,240 KRW (bull case); at 2,180 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 54% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -16% fair-value upside, at -44%, 900310 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
ROIC Compounder 15,381 KRW 15,395 KRW 15,408 KRW 72
Gordon GGM 2.58 KRW 5.37 KRW 8.52 KRW 70
DDM Multi-Stage 2.58 KRW 4.53 KRW 5.64 KRW 61
All 8 models by family
Earnings-Based
EPV 15,381 KRW 15,395 KRW 15,408 KRW 59
Dividend Discount
Gordon GGM 2.58 KRW 5.37 KRW 8.52 KRW 70
DDM Multi-Stage 2.58 KRW 4.53 KRW 5.64 KRW 61
Multiples
EV/EBIT 15,430 KRW 15,475 KRW 15,521 KRW 53
EV/EBITDA 17,453 KRW 18,173 KRW 18,892 KRW 54
EV/Revenue 15,459 KRW 15,530 KRW 15,600 KRW 43
Asset-Based
NCAV (Graham) 10,943 KRW 14,663 KRW 21,885 KRW 50
Economic Profit
ROIC Compounder 15,381 KRW 15,395 KRW 15,408 KRW 72

Widest divergence: Multiples (15,530 KRW) versus Dividend Discount (4.53 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

P/S ratio 0.57 TTM
Net margin -1.1% TTM
Return on equity -0.2% TTM
Return on assets 0.2% TTM
Operating margin 11.4% TTM
Revenue (TTM) 44.6B KRW TTM
More key figures
Growth
Revenue growth (YoY) +7.7% 3y avg +499%
EPS growth (YoY) +88.8%
Balance sheet & cash flow
Free cash flow −3.8B KRW FY2025

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 81

Profitability 9
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
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

Coloray International Investment Co., Ltd., through its subsidiaries, manufactures, distributes, and sells pearl pigments and mica powder in China. It also involved in Wholesale/retail and trade of cosmetics and cosmetic pigments, as well as research and development activities. Coloray International Investment Co., Ltd.

Full company description

Coloray International Investment Co., Ltd., through its subsidiaries, manufactures, distributes, and sells pearl pigments and mica powder in China. It also involved in Wholesale/retail and trade of cosmetics and cosmetic pigments, as well as research and development activities. Coloray International Investment Co., Ltd. was incorporated in 2013 and is based in Central, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Coloray International Investment Co. Ltd reported revenue of 43.6B KRW in FY2025 versus 318M KRW in FY2021, a compound +242.3%/yr. Reported net income was −803M KRW in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
43.6B KRW
Latest YoY
+17,987.2%
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.
+499.2%
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.
+151.7%
Avg. revenue growth/yr (10Y) 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.
+74.9%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +242.3%/yr
FY21 318M KRW
FY22 203M KRW
FY23 252M KRW
FY24 241M KRW
FY25 43.6B KRW
Net income
FY21 137M KRW
FY22 60.5M KRW
FY23 28.9M KRW
FY24 4.4M KRW
FY25 −803M KRW

900310 screens 44% overvalued. Compare with Verisk Analytics, Inc →

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Cite: Fair Value Calculator (2026). "Coloray International Investment Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/900310

Peer Group

Consulting Services · 86 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 42 · Bottom 25%
Fair Value upside −44% · Bottom 25%
Return on assets 0% · Below median
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 11% · Above median
Revenue growth 8% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

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 22
FUTURE39 · sector 11
PAST0 · sector 34
HEALTH100 · sector 89
DIVIDEND0 · sector 61

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

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Frequently asked questions

Is Coloray International Investment Co. Ltd (900310) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of 1,223 KRW versus a price of 2,180 KRW, about −44% (overvalued).
What is the fair value of 900310?
Our model-based fair value for Coloray International Investment Co. Ltd is 1,223 KRW (as of Aug 15, 2026), built from audited fundamentals. The current price: 2,180 KRW.
What is the quality score of 900310?
Coloray International Investment Co. Ltd 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 revenue of Coloray International Investment Co. Ltd (900310)?
Coloray International Investment Co. Ltd reported trailing-twelve-month revenue of about 44.6B KRW (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 900310?
The net profit margin of Coloray International Investment Co. Ltd is about -1.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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