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Samsung Biologics Co Ltd (207940) Fair Value & Analysis

Healthcare · KR · Market cap 64.8T KRW (≈ $45.4B) · ISIN KR7207940008

What is Samsung Biologics Co Ltd really worth?

SB Samsung Biologics Co Ltd 207940 · KO
Price1,447,000 KRW
Fair Value1,055,793 KRW
Upside−27.0%
Quality82/100

A strong business, but trading 37% above our fair value of 1,055,793 KRW.

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Strengths

Highly profitable · 39.0% net margin
Low debt · generates free cash flow
Ranks above peers (8/10)
Wide moat 79/100

Risks

!Expensive Growth (revenue 5y +31.4 %/yr)
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range 553,298 KRW – 1,410,628 KRW

Fair value as of: Sep 1, 2026

From 24 valuation models · updated 4 days ago

Share price +1.7% over the past month.

What runs behind every stock

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

What matters now

  • A high-quality business (quality 82/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (1,410,628 KRW). The favourable scenario is already priced in.
  • A fairly wide model range (553,298 KRW to 1,410,628 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

1,965,000 KRW 1,045,524 KRW Fair Value 1,055,793 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.

How to read this chart

60‑month range 1,045,524 KRW – 1,965,000 KRW · fair‑value band 553,298 KRW – 1,410,628 KRW · the 1,447,000 KRW price screens above the 1,055,793 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 1, 2026.

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Analysis

Samsung Biologics Co Ltd (207940) currently trades at 1,447,000 KRW, while our model-based Fair Value estimate is 1,055,793 KRW, implying the stock looks roughly 37.1% overvalued today. The Quality Score stands at 82/100 (high quality), in the Healthcare sector. Bull case: the Growth Earnings group reads highest at a median of 1,790,868 KRW per share, and 2 of the 24 models we run sit above the 1,447,000 KRW price. Bear case: the Asset-Based group reads lowest at 107,845 KRW, and 22 of the 24 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Samsung Biologics Co Ltd generated revenue of 4.8T KRW at a net margin of 39.0%. Revenue grew 25.8% year over year. It earns a return on equity of 18.3%. Net debt stands at 770B KRW. Fundamentals as of Sep 1, 2026

Our scenario range runs from 553,298 KRW (bear case) to 1,410,628 KRW (bull case); at 1,447,000 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 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −59% fair-value upside, at −27%, 207940 screens cheaper 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
EPV best evidence 391,704 KRW 462,545 KRW 525,514 KRW 74
FCF DCF 288,380 KRW 470,943 KRW 1,067,883 KRW 72
Growth DCF 271,239 KRW 575,857 KRW 1,087,447 KRW 72
All 24 models by family
DCF Models
FCF DCF 288,380 KRW 470,943 KRW 1,067,883 KRW 72
Owner Earnings 329,213 KRW 784,437 KRW 1,782,835 KRW 67
5Y Revenue Exit 239,336 KRW 428,306 KRW 824,410 KRW 67
5Y EBITDA Exit 541,858 KRW 1,040,242 KRW 2,020,509 KRW 69
5Y P/E Exit 559,579 KRW 1,360,084 KRW 2,467,966 KRW 65
10Y Revenue Exit 248,758 KRW 575,760 KRW 789,123 KRW 64
10Y EBITDA Exit 484,388 KRW 1,242,564 KRW 2,613,272 KRW 61
10Y P/E Exit 497,615 KRW 1,281,623 KRW 2,610,920 KRW 57
Earnings-Based
Graham-Dodd 262,116 KRW 1,827,959 KRW 2,565,267 KRW 61
Lynch FV 944,388 KRW 1,349,126 KRW 1,753,864 KRW 59
PEG = 1.0 944,388 KRW 1,349,126 KRW 1,753,864 KRW 55
EPV best evidence 391,704 KRW 462,545 KRW 525,514 KRW 74
Multiples
P/E Multiple 636,017 KRW 848,022 KRW 1,060,028 KRW 63
P/S Multiple 258,410 KRW 344,547 KRW 430,684 KRW 58
P/B Multiple 491,467 KRW 655,290 KRW 819,112 KRW 55
EV/EBIT 560,205 KRW 750,181 KRW 940,158 KRW 66
EV/EBITDA 603,354 KRW 807,714 KRW 1,012,074 KRW 67
EV/Revenue 197,004 KRW 285,601 KRW 374,199 KRW 53
Asset-Based
NCAV (Graham) 80,481 KRW 107,845 KRW 160,963 KRW 54
Growth DCF
Growth DCF 271,239 KRW 575,857 KRW 1,087,447 KRW 72
Rev-Margin DCF 265,702 KRW 491,250 KRW 962,758 KRW 66
Economic Profit
Residual Income 277,372 KRW 374,132 KRW 2,307,839 KRW 56
ROIC Compounder 555,223 KRW 946,978 KRW 1,228,578 KRW 69
Growth Earnings
Growth-Adj P/E 1,253,608 KRW 1,790,868 KRW 2,328,129 KRW 65

Widest divergence: Growth Earnings (1,790,868 KRW) versus Asset-Based (107,845 KRW). Highest evidence: EPV (74).

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Key figures & financial health

P/S ratio 12.9 TTM
Net margin 39.2% FY2025
Return on equity 18.3% TTM
Return on assets (EBIT) 9.2% avg 5y
Operating margin 46.2% TTM
Revenue (TTM) 4.8T KRW TTM
More key figures
Growth
Revenue growth (YoY) +25.8% 3y avg +14.9%
EPS growth (YoY) +25.1%
Balance sheet & cash flow
Free cash flow 773B KRW FY2025
Net debt 770B KRW FY2025 · ≈ 1.0 yrs of FCF

Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 82/100

Of which business quality 77 · Market factors (momentum, volatility) 42

Profitability 68
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 26
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

Samsung Biologics Co.,Ltd., together with its subsidiaries engages in the manufacturing, commercializing, distributing, and selling of biopharmaceuticals products in South Korea, Europe, the United States, and internationally.

Full company description

Samsung Biologics Co.,Ltd., together with its subsidiaries engages in the manufacturing, commercializing, distributing, and selling of biopharmaceuticals products in South Korea, Europe, the United States, and internationally. Its development services include late discovery, cell line development, process development, analytical development, and non-GMP / CGMP manufacturing. The company also offers aseptic filling, lyophilization, finishing, cold chain storage and shipping, and regulatory support services; and quality services and analytical testing services, such as IPC and release testing, stability study and testing, environmental monitoring, biosafety testing, as well as manufactures drug substance. In addition, it engages in the development and manufacture of antibody-drug conjugates and mRNA products. The company was founded in 2011 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

Samsung Biologics Co Ltd reported revenue of 4.6T KRW in FY2025 versus 1.6T KRW in FY2021, a compound +30.6%/yr. Reported net income was 1.8T KRW in FY2025, compounding +45.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.6T KRW
Latest YoY
+30.3%
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.
+14.9%
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.
+31.4%
Avg. revenue growth/yr (11Y) 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.
+40.9%
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.
+60.3% (60.3 + 0.0)
Revenue +30.6%/yr
FY21 1.6T KRW
FY22 3.0T KRW
FY23 3.7T KRW
FY24 3.5T KRW
FY25 4.6T KRW
Net income +45.9%/yr
FY21 394B KRW
FY22 798B KRW
FY23 858B KRW
FY24 1.1T KRW
FY25 1.8T KRW

207940 screens 37% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Samsung Biologics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/207940

Peer Group

Biotechnology · 623 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 82 · Top 25%
Fair Value upside −27% · Above median
Return on equity (TTM) 18% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 39% · Top 25%
Operating margin (TTM) 46% · Top 25%
Revenue growth 26% · Top 25%
Debt / equity 0.08× · Higher than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/FCF 0.1× · Cheaper than 75% of peers
PEG 2.08× · Pricier 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
VALUE0 · sector 0
FUTURE100 · sector 0
PAST73 · sector 0
HEALTH96 · sector 98
DIVIDEND0 · 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 Sep 1, 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%
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%
Celltrion, Inc 068270 190,700 KRW 74,519 KRW −61%
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 Samsung Biologics Co Ltd (207940) overvalued or undervalued?
As of Sep 1, 2026, our model estimates a fair value of 1,055,793 KRW versus a price of 1,447,000 KRW, about −27% upside (overvalued).
What is the fair value of 207940?
Our model-based fair value for Samsung Biologics Co Ltd is 1,055,793 KRW (as of Sep 1, 2026), built from audited fundamentals. The current price: 1,447,000 KRW.
What is the quality score of 207940?
Samsung Biologics Co Ltd has a Quality Score of 82/100. 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 Samsung Biologics Co Ltd (207940)?
Samsung Biologics Co Ltd reported trailing-twelve-month revenue of about 4.8T KRW (latest available figure, as of Sep 1, 2026).
What is the net profit margin of 207940?
The net profit margin of Samsung Biologics Co Ltd is about 39.0%, meaning it keeps roughly 39.0% of revenue as net income. Based on the latest reported figures.
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