Changhae Ethanol Co., Ltd.

004650 KRX Consumer Staples Consumer Staples
KOSDAQ
₩9,350.00
+0.11%
Delayed · cached 15 min

Fair value analysis

004650
Changhae Ethanol Co., Ltd.
Consumer Staples›Consumer Staples
₩9,350.00
Close used for this calculation
₩25,177.41Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
70/100
Profitability13/25
Returns15/25
Balance Sheet17/25
Efficiency25/25
Growth14/25
Strong
Quality radar
70Prof.13/25Ret.15/25Eff.25/25B.Sht17/25Growth14/25

Consensus fair value

₩25,177.41
Below FV
▲ +169.3% against the close used
Model range ₩5,789.19 – ₩35,259.84
The lowest and highest of the models that produced a value. This is the spread of the methods, not a price target.

Price target range & 52-week position

Bear₩5,789.19Fair value₩25,177.41Bull₩35,259.84
FairClose
52-week traded range
52W low ₩8,870.0052W high ₩12,010.00

The 52-week range is measured from the stored price history, not estimated.

Valuation summary

Trading below the consensus fair value

Changhae Ethanol Co., Ltd. closed at ₩9,350.00, 62.9% below the consensus fair value of ₩25,177.41 drawn from 10 valuation models.

Financial DNA score 70/100 — Strong. P/E of 5.4x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
₩27,843.29
+197.8%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=3.3%, r=10%, tg=3%, n=10yr
Graham Number
₩27,127.32
+190.1%
√(22.5 × EPS × BVPS)
EPS=1749, BVPS=18700
Graham Formula
₩35,259.84
+277.1%
EPS × (8.5 + 2g) × 4.4 ÷ FD_Rate
g=3.3%, FD=3.3%
P/E Fair Value
₩34,980.00
+274.1%
EPS × 20x (sector P/E)
EPS=1749, Sector P/E=20x
Peter Lynch (PEG)
₩5,789.19
-38.1%
EPS × Growth% (PEG = 1 is fair)
EPS=1749, g=3.3%
EV/EBITDA
₩20,883.37
+123.4%
(EBITDA × 11.7x − Net Debt) ÷ Shares
EBITDA=15.89B
Dividend Discount (DDM)
₩8,374.44
-10.4%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=542.3, r=10%, g=3.3%
Book Value (P/B)
₩16,799.25
+79.7%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=18700, ROE=9.3%, g=3.3%, r=10%
Reverse DCF
₩9,350.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: -10% | Historical: 3.3%
Margin of Safety
₩23,476.96
+151.1%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=31302.61, MoS=25%

Computed on September 12, 2026 from the most recent annual report on file and that day's closing price. Where a company has seen its earnings move sharply since its last annual report, this figure will lag the market.

Educational data only. Not a recommendation to buy, sell or hold any security.

Educational data only. Not a recommendation to buy, sell or hold any security.