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Ecoplastic Corporation (038110) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 80.7B KRW (≈ $56.5M) · ISIN KR7038110003

What is Ecoplastic Corporation really worth?

EC Ecoplastic Corporation 038110 · KQ
Price2,070 KRW
Fair Value1,613 KRW
Upside−22.1%
Quality28/100

Below-average quality, and trading another 28% above our fair value of 1,613 KRW.

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Risks

!Mixed Growth (revenue 5y +14.7 %/yr)
!Thin margins · 1.1% net margin
!Moderate debt · negative free cash flow
!Trails peers (2/9)
!Narrow moat 21/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 4 out of 100

For context

·1.94% dividend yield
Evidence: Low Range 1,210 KRW – 2,017 KRW

Fair value as of: Aug 24, 2026

From 14 valuation models · updated 12 days ago

Fair value updated Aug 24, 2026, revised from 1,090 KRW to 1,613 KRW (+48.0%) since Aug 13, 2026. Share price +12.9% 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 (2,017 KRW). The favourable scenario is already priced in.
  • Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

7,330 KRW 1,767 KRW Fair Value 1,613 KRW Apr 2021 Sep 2026

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

How to read this chart

60‑month range 1,767 KRW – 7,330 KRW · fair‑value band 1,210 KRW – 2,017 KRW · the 2,070 KRW price screens above the 1,613 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 24, 2026.

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Analysis

Ecoplastic Corporation (038110) currently trades at 2,070 KRW, while our model-based Fair Value estimate is 1,613 KRW, implying the stock looks roughly 28.3% overvalued today. The Quality Score stands at 28/100 (below-average quality), in the Consumer Cyclical sector. Bull case: the Asset-Based group reads highest at a median of 5,999 KRW per share, and 7 of the 14 models we run sit above the 2,070 KRW price. Bear case: the Earnings-Based group reads lowest at 536.15 KRW, and 7 of the 14 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Ecoplastic Corporation generated revenue of 1.7T KRW at a net margin of 1.1%. Revenue grew 23.8% year over year. Net debt stands at 690B KRW. Fundamentals as of Aug 24, 2026

Our scenario range runs from 1,210 KRW (bear case) to 2,017 KRW (bull case); at 2,070 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 60% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 42% fair-value upside, at −22%, 038110 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 6,031 KRW 5,534 KRW 3,898 KRW 75
EPV 1,645 KRW 2,808 KRW 3,825 KRW 70
ROIC Compounder 1,645 KRW 2,808 KRW 3,825 KRW 69
All 14 models by family
Earnings-Based
Graham-Dodd 336.95 KRW 1,460 KRW 1,997 KRW 61
Lynch FV 375.31 KRW 536.15 KRW 697.00 KRW 58
PEG = 1.0 375.31 KRW 536.15 KRW 697.00 KRW 55
EPV 1,645 KRW 2,808 KRW 3,825 KRW 70
Multiples
P/E Multiple 817.61 KRW 1,090 KRW 1,363 KRW 61
P/S Multiple 631.79 KRW 842.38 KRW 1,053 KRW 56
P/B Multiple 631.79 KRW 842.38 KRW 1,053 KRW 53
EV/EBIT 6,679 KRW 10,683 KRW 14,686 KRW 63
EV/EBITDA 19,296 KRW 27,505 KRW 35,714 KRW 65
EV/Revenue 2,765 KRW 6,235 KRW 9,704 KRW 50
Asset-Based
NCAV (Graham) 4,477 KRW 5,999 KRW 8,953 KRW 52
Economic Profit
Residual Income best evidence 6,031 KRW 5,534 KRW 3,898 KRW 75
ROIC Compounder 1,645 KRW 2,808 KRW 3,825 KRW 69
Growth Earnings
Growth-Adj P/E 641.51 KRW 916.45 KRW 1,191 KRW 66

Widest divergence: Asset-Based (5,999 KRW) versus Earnings-Based (536.15 KRW). Highest evidence: Residual Income (75).

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Key figures & financial health

P/S ratio 0.05 TTM
Dividend yield 1.9%
Net margin 0.1% FY2025
Return on equity 570% TTM
Return on assets (EBIT) 3.7% avg 5y
Operating margin 1.5% TTM
More key figures
Growth
Revenue (TTM) 1.7T KRW TTM
Revenue growth (YoY) +23.8% 3y avg +12.0%
Balance sheet & cash flow
Free cash flow −148B KRW FY2025
Net debt 690B KRW FY2025

Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 31 · Market factors (momentum, volatility) 15

Profitability 33
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 53
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

Ecoplastic Corporation engages in the research, development, production, and sale of auto plastic parts in South Korea. It offers bumpers; consoles, instrument panels, radiator grilles, tail gate garnishes, wheel covers, back panels, rear garnishes, and roof racks; and bumper, trim, lamp, engine part, and fuel tank molds.

Full company description

Ecoplastic Corporation engages in the research, development, production, and sale of auto plastic parts in South Korea. It offers bumpers; consoles, instrument panels, radiator grilles, tail gate garnishes, wheel covers, back panels, rear garnishes, and roof racks; and bumper, trim, lamp, engine part, and fuel tank molds. The company was founded in 1984 and is based in Gyeongju, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ecoplastic Corporation reported revenue of 2.6T KRW in FY2025 versus 1.5T KRW in FY2021, a compound +14.0%/yr. Reported net income was 2.0B KRW in FY2025, compounding −17.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.6T KRW
Latest YoY
+13.6%
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.
+12.0%
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.
+14.7%
Avg. revenue growth/yr (20Y) 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.
+8.7%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years, EBIT basis) 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.
+29.1% (27.2 + 1.9)
Revenue +14.0%/yr
FY21 1.5T KRW
FY22 1.8T KRW
FY23 2.2T KRW
FY24 2.3T KRW
FY25 2.6T KRW
Net income −17.9%/yr
FY21 4.4B KRW
FY22 23.6B KRW
FY23 43.7B KRW
FY24 14.1B KRW
FY25 2.0B KRW

038110 screens 28% overvalued. Compare with ML →

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Cite: Fair Value Calculator (2026). "Ecoplastic Corporation Fair Value". https://www.fairvalue-calculator.com/stock/038110

Peer Group

Consumer Discretionary · 3805 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Automobiles & Auto Parts” was too small, so the broader sector is used.)

Quality Score 28 · Bottom 25%
Fair Value upside −22% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 24% · Top 25%
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.76× · Higher than 75% of peers

Valuation Multiples vs Consumer Discretionary median · lower = cheaper

EV/EBITDA 2.8× · 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
VALUE4 · sector 20
FUTURE100 · sector 14
PAST0 · sector 22
HEALTH62 · sector 96
DIVIDEND39 · sector 45

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 Ecoplastic Corporation (038110) overvalued or undervalued?
As of Aug 24, 2026, our model estimates a fair value of 1,613 KRW versus a price of 2,070 KRW, about −22% upside (overvalued).
What is the fair value of 038110?
Our model-based fair value for Ecoplastic Corporation is 1,613 KRW (as of Aug 24, 2026), built from audited fundamentals. The current price: 2,070 KRW.
What is the quality score of 038110?
Ecoplastic Corporation has a Quality Score of 28/100. 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 Ecoplastic Corporation (038110)?
Ecoplastic Corporation reported trailing-twelve-month revenue of about 1.7T KRW (latest available figure, as of Aug 24, 2026).
What is the net profit margin of 038110?
The net profit margin of Ecoplastic Corporation is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.
Does Ecoplastic Corporation pay a dividend?
Ecoplastic Corporation currently shows a dividend yield of about 1.94% relative to its recent price (as of Aug 24, 2026).
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