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Celltrion, Inc (068270) Fair Value & Analysis

Healthcare · KR · Market cap 40.3T KRW

CI Celltrion, Inc 068270 · KO
Price202,000 KRW
Fair Value74,519 KRW
Upside-63.1%
Quality46/100
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Mixed Growth
Highly profitable · 28.4% net margin
Low debt · generates free cash flow
0.41% dividend yield
Ranks above peers (9/11)
Moderate moat 62/100
Evidence: High Range 53,086 KRW – 95,951 KRW Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 76,325 KRW to 74,519 KRW (−2.4%) since Jul 18, 2026. Share price +16.9% over the past month.

Below-average quality, and screening another 63% overvalued on our models.

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.
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Price vs Fair Value (5 years)

325,750 KRW 130,526 KRW Fair Value 74,519 KRW Mar 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 130,526 KRW – 325,750 KRW · fair‑value band 53,086 KRW – 95,951 KRW · the 202,000 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 13, 2026.

Full chart & analysis →

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Analysis

Celltrion, Inc (068270) currently trades at 202,000 KRW, while our model-based Fair Value estimate is 74,519 KRW, implying the stock looks roughly 63.1% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Healthcare 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: high).

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 13, 2026

Our scenario range runs from 53,086 KRW (bear case) to 95,951 KRW (bull case); at 202,000 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 about 15% below its 52-week high and 35% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -47% fair-value upside, at -63%, 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 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
Growth DCF 26,051 KRW 47,825 KRW 93,277 KRW 80
Residual Income 59,888 KRW 61,962 KRW 63,903 KRW 76
Rev-Margin DCF 39,874 KRW 83,219 KRW 150,561 KRW 74
All 26 models by family
DCF Models
FCF DCF 27,387 KRW 42,658 KRW 91,671 KRW 38
Owner Earnings 74,691 KRW 170,722 KRW 381,336 KRW 31
5Y Revenue Exit 39,874 KRW 74,558 KRW 144,973 KRW 39
5Y EBITDA Exit 58,700 KRW 114,057 KRW 219,111 KRW 41
5Y P/E Exit 64,632 KRW 147,566 KRW 259,101 KRW 38
10Y Revenue Exit 34,926 KRW 81,790 KRW 128,027 KRW 36
10Y EBITDA Exit 50,428 KRW 120,536 KRW 258,550 KRW 37
10Y P/E Exit 54,774 KRW 132,746 KRW 276,939 KRW 35
Earnings-Based
Graham-Dodd 30,530 KRW 212,912 KRW 298,790 KRW 54
Lynch FV 70,367 KRW 100,525 KRW 130,682 KRW 50
PEG = 1.0 70,367 KRW 100,525 KRW 130,682 KRW 46
EPV 48,578 KRW 56,587 KRW 63,707 KRW 59
Dividend Discount
Gordon GGM 6,450 KRW 14,080 KRW 23,691 KRW 70
DDM Multi-Stage 6,450 KRW 11,534 KRW 14,674 KRW 61
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 53
EV/EBITDA 69,307 KRW 91,346 KRW 113,384 KRW 54
EV/Revenue 41,309 KRW 57,645 KRW 73,980 KRW 43
Asset-Based
NCAV (Graham) 37,519 KRW 50,276 KRW 75,039 KRW 50
Growth DCF
Growth DCF 26,051 KRW 47,825 KRW 93,277 KRW 80
Rev-Margin DCF 39,874 KRW 83,219 KRW 150,561 KRW 74
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 68

Widest divergence: Growth Earnings (135,611 KRW) versus Dividend Discount (11,534 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.5T KRW
Revenue growth (YoY) +36.0%
Net margin 28.4%
Return on equity 7.3%
Free cash flow 314B KRW FY2025
Operating margin 28.1%
More key figures
Dividend yield 0.4%
EPS growth (YoY) +224%
Net debt 2.6T KRW FY2025

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 47 · Market factors (momentum, volatility) 50

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 69
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 48
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.

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. 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. 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. 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%
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 pp

of which total revenue +24.3 pp · buybacks/dilution −3.0 pp

EBIT margin −5.0 pp
Tax rate −1.3 pp
Residual (interest, one-offs) −2.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

068270 screens 63% 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 · 600 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 −63% · 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

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.

VALUE 0 · sector 0
FUTURE 100 · sector 0
PAST 29 · sector 0
HEALTH 99 · sector 97
DIVIDEND 8 · sector 23

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Biotechnology stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $525.73 $278.78 -47%
Regeneron Pharmaceuticals, Inc REGN $797.99 $594.40 -26%
Samsung Biologics Co 207940 1,549,000 KRW 1,055,793 KRW -32%
WuXi Biologics (Cayman) Inc 2269 HK$45.70 HK$30.58 -33%
Innovent Biologics, Inc 1801 HK$95.55 HK$19.68 -79%
Genmab A/S GMAB kr 2,037 kr 250.07 -88%
Sino Biopharmaceutical Limited 1177 HK$4.87 HK$3.37 -31%
RemeGen Co 688331 ¥131.87 ¥23.19 -82%
ALTEOGEN Inc 196170 317,500 KRW 39,476 KRW -88%
Biocon Limited BIOCON ₹427.40 ₹52.10 -88%

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Frequently asked questions

Is Celltrion, Inc (068270) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 74,519 KRW versus a price of 202,000 KRW, about −63% (overvalued).
What is the fair value of 068270?
Our model-based fair value for Celltrion, Inc is 74,519 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price is 202,000 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 13, 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 0.42% relative to its recent price (as of Aug 13, 2026).

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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