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Korea Zinc Inc (010130) Fair Value & Analysis

Basic Materials · KR · Market cap 21.3T KRW (≈ $14.9B) · ISIN KR7010130003

What is Korea Zinc Inc really worth?

KZ Korea Zinc Inc 010130 · KO
Price1,222,000 KRW
Fair Value646,063 KRW
Upside−47.1%
Quality53/100

A solid business, but trading 89% above our fair value of 646,063 KRW.

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Strengths

Ranks above peers (7/9)

Risks

!Expensive Growth (revenue 5y +17.0 %/yr)
!Thin margins · 5.1% net margin
!Low debt · negative free cash flow
!Narrow moat 44/100
!Evidence only medium, so the estimate is less certain

For context

·2.05% dividend yield
Evidence: Medium Range 454,388 KRW – 807,579 KRW

Fair value as of: Aug 19, 2026

From 17 valuation models · updated 16 days ago

Share price +19.8% 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 (807,579 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

2,107,303 KRW 348,154 KRW Fair Value 646,063 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 348,154 KRW – 2,107,303 KRW · fair‑value band 454,388 KRW – 807,579 KRW · the 1,222,000 KRW price screens above the 646,063 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Korea Zinc Inc (010130) currently trades at 1,222,000 KRW, while our model-based Fair Value estimate is 646,063 KRW, implying the stock looks roughly 89.1% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of 649,125 KRW per share, and 0 of the 17 models we run sit above the 1,222,000 KRW price. Bear case: the Dividend Discount group reads lowest at 117,530 KRW, and 17 of the 17 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Korea Zinc Inc generated revenue of 18.8T KRW at a net margin of 5.1%. Revenue grew 58.4% year over year. It earns a return on equity of 10.1%. Net debt stands at 2.4T KRW. Fundamentals as of Aug 19, 2026

Our scenario range runs from 454,388 KRW (bear case) to 807,579 KRW (bull case); at 1,222,000 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 near its 52-week high and 67% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −37% fair-value upside, at −47%, 010130 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
Residual Income best evidence 441,627 KRW 467,653 KRW 513,828 KRW 76
Owner Earnings 168,472 KRW 281,157 KRW 487,073 KRW 74
EPV 582,030 KRW 677,973 KRW 763,255 KRW 74
All 17 models by family
DCF Models
Owner Earnings 168,472 KRW 281,157 KRW 487,073 KRW 74
Earnings-Based
Graham-Dodd 258,425 KRW 1,208,417 KRW 1,660,710 KRW 64
Lynch FV 319,497 KRW 456,425 KRW 593,352 KRW 61
PEG = 1.0 319,497 KRW 456,425 KRW 593,352 KRW 57
EPV 582,030 KRW 677,973 KRW 763,255 KRW 74
Dividend Discount
Gordon GGM 65,719 KRW 143,475 KRW 241,403 KRW 65
DDM Multi-Stage 65,719 KRW 117,530 KRW 149,524 KRW 66
Multiples
P/E Multiple 484,548 KRW 646,063 KRW 807,579 KRW 63
P/S Multiple 484,548 KRW 646,063 KRW 807,579 KRW 58
P/B Multiple 484,548 KRW 646,063 KRW 807,579 KRW 55
EV/EBIT 672,643 KRW 884,073 KRW 1,095,503 KRW 66
EV/EBITDA 624,576 KRW 819,983 KRW 1,015,391 KRW 67
EV/Revenue 588,070 KRW 823,664 KRW 1,059,258 KRW 54
Asset-Based
NCAV (Graham) 268,171 KRW 359,349 KRW 536,342 KRW 54
Economic Profit
Residual Income best evidence 441,627 KRW 467,653 KRW 513,828 KRW 76
ROIC Compounder 607,160 KRW 834,486 KRW 1,103,626 KRW 71
Growth Earnings
Growth-Adj P/E 454,388 KRW 649,125 KRW 843,863 KRW 67

Widest divergence: Growth Earnings (649,125 KRW) versus Dividend Discount (117,530 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

P/S ratio 1.13 TTM
Dividend yield 2.0%
Net margin 4.7% FY2025
Return on equity 10.1% TTM
Return on assets (EBIT) 7.0% avg 5y
Operating margin 12.3% TTM
More key figures
Growth
Revenue (TTM) 18.8T KRW TTM
Revenue growth (YoY) +58.4% 3y avg +13.9%
EPS growth (YoY) +94.4%
Balance sheet & cash flow
Free cash flow −1.6T KRW FY2025
Net debt 2.4T KRW FY2025

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 50 · Market factors (momentum, volatility) 48

Profitability 35
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 65
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

Korea Zinc Company, Ltd. operates as a general non-ferrous metal smelting company primarily in South Korea. The company offers zinc slab ingots, alloy jumbo blocks, anode ingots, and die cast ingots; and lead and lead alloy ingots; and copper cathodes.

Full company description

Korea Zinc Company, Ltd. operates as a general non-ferrous metal smelting company primarily in South Korea. The company offers zinc slab ingots, alloy jumbo blocks, anode ingots, and die cast ingots; and lead and lead alloy ingots; and copper cathodes. The company also provides gold and silver; and rare metals, including indium, bismuth, and antimony; and sulfuric acid, semi sulfuric acid, and oleum. In addition, it engages in non-ferrous metals import and export, and recycling; wholesale and product brokerage; provision of logistics warehousing services; shipping; construction equipment operation; waste lubricant refining; electricity, gas, and steam supply; concentrate export; and logistics businesses. Further, the company offers private equity fund services; media content production services; electrolytic copper foil for secondary batteries; and electronic waste collection, dismantling, shredding, and processing services. The company was incorporated in 1974 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Korea Zinc Inc reported revenue of 16.6T KRW in FY2025 versus 10.0T KRW in FY2021, a compound +13.6%/yr. Reported net income was 775B KRW in FY2025, compounding −1.0%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
16.6T KRW
Latest YoY
+37.6%
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.
+13.9%
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.
+17.0%
Avg. revenue growth/yr (25Y) 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.
+9.8%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+5.5% (3.5 + 2.0)
Revenue +13.6%/yr
FY21 10.0T KRW
FY22 11.2T KRW
FY23 9.7T KRW
FY24 12.1T KRW
FY25 16.6T KRW
Net income −1.0%/yr
FY21 807B KRW
FY22 781B KRW
FY23 527B KRW
FY24 191B KRW
FY25 775B KRW

010130 screens 89% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "Korea Zinc Inc Fair Value". https://www.fairvalue-calculator.com/stock/010130

Peer Group

Other Industrial Metals & Mining · 469 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 53 · Top 25%
Fair Value upside −47% · Below median
Return on equity (TTM) 10% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 5% · Top 25%
Operating margin (TTM) 12% · Above median
Revenue growth 58% · Top 25%
Dividend yield (TTM) 2.0% · Above median
Debt / equity 0.24× · Higher than median

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 0
FUTURE100 · sector 38
PAST40 · sector 0
HEALTH88 · sector 96
DIVIDEND41 · sector 38

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHP A$66.84 A$42.16 −37%
Vale S.A VALE $15.31 $8.95 −42%
Saudi Arabian Mining Company 1211 65.50 SAR 33.87 SAR −48%
CMOC Group 603993 ¥18.42 ¥16.15 −12%
Teck Resources Limited TECK $69.34 $32.02 −54%
Hindustan Zinc Limited HINDZINC ₹573.00 ₹508.34 −11%
China Tungsten And Hightech Materials Co 000657 ¥66.76 ¥9.55 −86%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥41.02 ¥10.59 −74%
Western Mining Co 601168 ¥37.85 ¥25.99 −31%
Boliden AB BOL kr 527.80 kr 461.48 −13%

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Frequently asked questions

Is Korea Zinc Inc (010130) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 646,063 KRW versus a price of 1,222,000 KRW, about −47% upside (overvalued).
What is the fair value of 010130?
Our model-based fair value for Korea Zinc Inc is 646,063 KRW (as of Aug 19, 2026), built from audited fundamentals. The current price: 1,222,000 KRW.
What is the quality score of 010130?
Korea Zinc Inc has a Quality Score of 53/100. 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 Korea Zinc Inc (010130)?
Korea Zinc Inc reported trailing-twelve-month revenue of about 18.8T KRW (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 010130?
The net profit margin of Korea Zinc Inc is about 5.1%, meaning it keeps roughly 5.1% of revenue as net income. Based on the latest reported figures.
Does Korea Zinc Inc pay a dividend?
Korea Zinc Inc currently shows a dividend yield of about 2.05% relative to its recent price (as of Aug 19, 2026).
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