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Celltrion Inc (068270) Fair Value & Analysis

Healthcare · KR · Market cap 40.3T KRW (≈ $28.2B) · ISIN KR7068270008

What is Celltrion Inc really worth?

CI Celltrion Inc 068270 · KO
Price188,100 KRW
Fair Value74,519 KRW
Upside−60.4%
Quality46/100

Below-average quality, and trading another 152% above our fair value of 74,519 KRW.

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Strengths

Highly profitable · 28.4% net margin
Low debt · generates free cash flow
Ranks above peers (9/11)

Risks

!Mixed Growth (revenue 5y +17.6 %/yr)
!Moderate moat 62/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 29 out of 100
!Weak on dividend: 8 out of 100

For context

·0.38% dividend yield
Evidence: Medium Range 53,086 KRW – 95,951 KRW

Fair value as of: Aug 29, 2026

From 26 valuation models · updated 6 days ago

Share price −1.2% 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 (95,951 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (53,086 KRW to 95,951 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

311,459 KRW 130,526 KRW Fair Value 74,519 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range 130,526 KRW – 311,459 KRW · fair‑value band 53,086 KRW – 95,951 KRW · the 188,100 KRW price screens above the 74,519 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

Celltrion Inc (068270) currently trades at 188,100 KRW, while our model-based Fair Value estimate is 74,519 KRW, implying the stock looks roughly 152.4% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Healthcare sector. Bull case: the Growth Earnings group reads highest at a median of 135,611 KRW per share, and 1 of the 26 models we run sit above the 188,100 KRW price. Bear case: the Dividend Discount group reads lowest at 11,534 KRW, and 25 of the 26 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Celltrion Inc generated revenue of 4.5T KRW at a net margin of 28.4%. Revenue grew 36.0% year over year. It earns a return on equity of 7.3%. Net debt stands at 2.6T KRW. Fundamentals as of Aug 29, 2026

Our scenario range runs from 53,086 KRW (bear case) to 95,951 KRW (bull case); at 188,100 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 21% below its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −49% fair-value upside, at −60%, 068270 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 59,888 KRW 61,962 KRW 63,903 KRW 76
FCF DCF 27,387 KRW 42,658 KRW 91,671 KRW 75
EPV 48,578 KRW 56,587 KRW 63,707 KRW 74
All 26 models by family
DCF Models
FCF DCF 27,387 KRW 42,658 KRW 91,671 KRW 75
Owner Earnings 74,691 KRW 170,722 KRW 381,336 KRW 70
5Y Revenue Exit 39,874 KRW 74,558 KRW 144,973 KRW 69
5Y EBITDA Exit 58,700 KRW 114,057 KRW 219,111 KRW 71
5Y P/E Exit 64,632 KRW 147,566 KRW 259,101 KRW 67
10Y Revenue Exit 34,926 KRW 81,790 KRW 128,027 KRW 64
10Y EBITDA Exit 50,428 KRW 120,536 KRW 258,550 KRW 63
10Y P/E Exit 54,774 KRW 132,746 KRW 276,939 KRW 59
Earnings-Based
Graham-Dodd 30,530 KRW 212,912 KRW 298,790 KRW 63
Lynch FV 70,367 KRW 100,525 KRW 130,682 KRW 61
PEG = 1.0 70,367 KRW 100,525 KRW 130,682 KRW 57
EPV 48,578 KRW 56,587 KRW 63,707 KRW 74
Dividend Discount
Gordon GGM 6,450 KRW 14,080 KRW 23,691 KRW 65
DDM Multi-Stage 6,450 KRW 11,534 KRW 14,674 KRW 66
Multiples
P/E Multiple 74,080 KRW 98,774 KRW 123,467 KRW 63
P/S Multiple 47,646 KRW 63,528 KRW 79,410 KRW 58
P/B Multiple 57,244 KRW 76,325 KRW 95,406 KRW 55
EV/EBIT 67,489 KRW 88,921 KRW 110,353 KRW 66
EV/EBITDA 69,307 KRW 91,346 KRW 113,384 KRW 67
EV/Revenue 41,309 KRW 57,645 KRW 73,980 KRW 54
Asset-Based
NCAV (Graham) 37,519 KRW 50,276 KRW 75,039 KRW 54
Growth DCF
Growth DCF 26,051 KRW 47,825 KRW 93,277 KRW 74
Rev-Margin DCF 39,874 KRW 83,219 KRW 150,561 KRW 69
Economic Profit
Residual Income 59,888 KRW 61,962 KRW 63,903 KRW 76
ROIC Compounder 48,578 KRW 56,587 KRW 63,707 KRW 72
Growth Earnings
Growth-Adj P/E 94,928 KRW 135,611 KRW 176,294 KRW 67

Widest divergence: Growth Earnings (135,611 KRW) versus Dividend Discount (11,534 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

P/S ratio 9.03 TTM
Dividend yield 0.4%
Net margin 24.7% FY2025
Return on equity 7.3% TTM
Return on assets (EBIT) 7.0% avg 5y
Operating margin 28.1% TTM
More key figures
Growth
Revenue (TTM) 4.5T KRW TTM
Revenue growth (YoY) +36.0% 3y avg +22.1%
EPS growth (YoY) +224%
Balance sheet & cash flow
Free cash flow 314B KRW FY2025
Net debt 2.6T KRW FY2025 · ≈ 8.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 47 · Market factors (momentum, volatility) 45

Profitability 39
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 22
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 32
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

Celltrion, Inc., a biopharmaceutical company, engages in the development, production, and sale of development, production, and sale of medicinal products.

Full company description

Celltrion, Inc., a biopharmaceutical company, engages in the development, production, and sale of development, production, and sale of medicinal products. It offers biosimilars, including Remsima for rheumatoid arthritis and inflammatory bowel disease; Truxima for non-hodgkin's lymphoma and chronic lymphocytic leukemia; Herzuma for metastatic breast and gastric cancer; Remsima SC and Yuflyma for rheumatoid arthritis and inflammatory bowel disease; Vegzelma for metastatic colorectal cancer and non-small cell lung cancer; Omlyclo for Asthma and urticaria; Eydenzelt for diabetic macular edema and wet age-related macular degeneration; Steqeyma for psoriasis and inflammatory bowel disease; Stoboclo/Osenvelt for osteoporosis; Avtozma for rheumatoid arthritis and active systemic juvenile idiopathic arthritis; Zymfentra for inflammatory bowel disease; and Regkirona for COVID-19, as well as CT-G07 for HIV/AIDS and Donerion Patch for Alzheimer's dementia symptoms. The company is also developing biosimilars, which are in Phase 3 clinical trials include CT-P44 for multiple myeloma, CT-P51 for melanoma and lung cancer, CT-P53 for multiple sclerosis, and CT-P55 for psoriasis, as well as CT-G20 for hypertrophic cardiomyopathy. It distributes its products in approximately 100 countries, including the United States and Europe. The company was founded in 2002 and is headquartered in Incheon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Celltrion Inc reported revenue of 4.2T KRW in FY2025 versus 1.9T KRW in FY2021, a compound +21.5%/yr. Reported net income was 1.0T KRW in FY2025, compounding +15.5%/yr from FY2021.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
4.2T KRW
Latest YoY
+17.0%
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.
+22.1%
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.
+17.6%
Avg. revenue growth/yr (18Y) 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.
+26.5%
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.
+6.1% (5.7 + 0.4)
Revenue +21.5%/yr
FY21 1.9T KRW
FY22 2.3T KRW
FY23 2.2T KRW
FY24 3.6T KRW
FY25 4.2T KRW
Net income +15.5%/yr
FY21 579B KRW
FY22 538B KRW
FY23 536B KRW
FY24 423B KRW
FY25 1.0T KRW
Character of growth · EPS growth decomposed (2011-2022) +12.8 % p.a.
Revenue per share +21.3 %

of which total revenue +24.3 % · buybacks/dilution −2.4 %

EBIT margin −5.0 %
Tax rate −1.3 %
Residual (interest, one-offs) −0.8 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

068270 screens 152% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Celltrion Inc Fair Value". https://www.fairvalue-calculator.com/stock/068270

Peer Group

Biotechnology · 622 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 46 · Above median
Fair Value upside −60% · Below median
Return on equity (TTM) 7% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 28% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth 36% · Top 25%
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/FCF 0.1× · Cheaper than 75% of peers
PEG 0.84× · Cheaper 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 0
PAST29 · sector 0
HEALTH99 · sector 98
DIVIDEND8 · sector 26

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $547.55 $278.78 −49%
Regeneron Pharmaceuticals, Inc REGN $807.71 $594.40 −26%
argenx SE ARGX €877.60 €292.84 −67%
Samsung Biologics Co 207940 1,518,000 KRW 1,055,793 KRW −30%
CSL Limited CSL A$174.50 A$141.68 −19%
Alnylam Pharmaceuticals, Inc ALNY $228.61 $51.70 −77%
Royalty Pharma plc RPRX $60.58 $24.22 −60%
BeOne Medicines AG ONC $362.51 $111.35 −69%
BioNTech SE BNTX $111.40 $45.66 −59%
Incyte Corporation INCY $123.22 $115.79 −6%

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Frequently asked questions

Is Celltrion Inc (068270) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of 74,519 KRW versus a price of 188,100 KRW, about −60% upside (overvalued).
What is the fair value of 068270?
Our model-based fair value for Celltrion Inc is 74,519 KRW (as of Aug 29, 2026), built from audited fundamentals. The current price: 188,100 KRW.
What is the quality score of 068270?
Celltrion Inc has a Quality Score of 46/100. 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 Celltrion Inc (068270)?
Celltrion Inc reported trailing-twelve-month revenue of about 4.5T KRW (latest available figure, as of Aug 29, 2026).
What is the net profit margin of 068270?
The net profit margin of Celltrion Inc is about 28.4%, meaning it keeps roughly 28.4% of revenue as net income. Based on the latest reported figures.
Does Celltrion Inc pay a dividend?
Celltrion Inc currently shows a dividend yield of about 0.38% relative to its recent price (as of Aug 29, 2026).
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