PI Advanced Materials Co., Ltd.

KOSE:A178920 Stock Report

Market Cap: ₩501.6b

PI Advanced Materials Valuation

Is A178920 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A178920 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A178920 (₩17090) is trading above our estimate of fair value (₩11509.77)

Significantly Below Fair Value: A178920 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A178920?

Key metric: As A178920 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A178920. This is calculated by dividing A178920's market cap by their current earnings.
What is A178920's PE Ratio?
PE Ratio23.6x
Earnings₩21.26b
Market Cap₩501.58b

Price to Earnings Ratio vs Peers

How does A178920's PE Ratio compare to its peers?

The above table shows the PE ratio for A178920 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average47.2x
A003240 Taekwang Industrial
10.9xn/a₩527.7b
A161000 Aekyungchemical
167.9xn/a₩385.2b
A014830 UNID
5.3x11.8%₩422.2b
A012630 HDC HOLDINGSLtd
4.7xn/a₩602.9b
A178920 PI Advanced Materials
23.6x38.4%₩501.6b

Price-To-Earnings vs Peers: A178920 is good value based on its Price-To-Earnings Ratio (23.6x) compared to the peer average (47.2x).

Price to Earnings Ratio vs Industry

How does A178920's PE Ratio compare vs other companies in the KR Chemicals Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
A178920 23.6xIndustry Avg. 9.6xNo. of Companies11PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: A178920 is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the KR Chemicals industry average (9.6x).

Price to Earnings Ratio vs Fair Ratio

What is A178920's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A178920 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.6x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: A178920 is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the estimated Fair Price-To-Earnings Ratio (17x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst A178920 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₩17,090.00
₩34,875.00
+104.1%
15.9%₩43,000.00₩26,000.00n/a8
Nov ’25₩19,710.00
₩35,375.00
+79.5%
13.7%₩43,000.00₩29,000.00n/a8
Oct ’25₩21,500.00
₩36,000.00
+67.4%
11.9%₩43,000.00₩30,000.00n/a8
Sep ’25₩26,400.00
₩36,625.00
+38.7%
9.5%₩43,000.00₩32,000.00n/a8
Aug ’25₩29,200.00
₩36,555.56
+25.2%
8.9%₩43,000.00₩32,000.00n/a9
Jul ’25₩27,150.00
₩32,777.78
+20.7%
9.8%₩38,000.00₩27,000.00n/a9
Jun ’25₩28,000.00
₩31,888.89
+13.9%
13.3%₩38,000.00₩24,000.00n/a9
May ’25₩21,000.00
₩30,625.00
+45.8%
15.6%₩36,000.00₩24,000.00n/a8
Apr ’25₩23,000.00
₩30,625.00
+33.2%
15.6%₩36,000.00₩24,000.00n/a8
Mar ’25₩21,050.00
₩30,625.00
+45.5%
15.6%₩36,000.00₩24,000.00n/a8
Feb ’25₩22,950.00
₩35,625.00
+55.2%
21.4%₩52,000.00₩27,000.00n/a8
Jan ’25₩30,500.00
₩38,666.67
+26.8%
19.6%₩52,000.00₩27,000.00n/a9
Dec ’24₩30,850.00
₩38,666.67
+25.3%
19.6%₩52,000.00₩27,000.00n/a9
Nov ’24₩26,050.00
₩41,222.22
+58.2%
18.2%₩52,000.00₩27,000.00₩19,710.009
Oct ’24₩27,200.00
₩43,000.00
+58.1%
13.7%₩52,000.00₩30,000.00₩21,500.008
Sep ’24₩29,850.00
₩44,000.00
+47.4%
15.0%₩52,000.00₩30,000.00₩26,400.008
Aug ’24₩31,200.00
₩44,000.00
+41.0%
15.0%₩52,000.00₩30,000.00₩29,200.008
Jul ’24₩37,950.00
₩45,857.14
+20.8%
17.2%₩58,000.00₩31,000.00₩27,150.007
Jun ’24₩33,600.00
₩43,857.14
+30.5%
18.5%₩58,000.00₩31,000.00₩28,000.007
May ’24₩32,650.00
₩45,500.00
+39.4%
16.4%₩58,000.00₩35,000.00₩21,000.006
Apr ’24₩37,600.00
₩45,000.00
+19.7%
17.1%₩58,000.00₩35,000.00₩23,000.006
Mar ’24₩34,900.00
₩44,857.14
+28.5%
15.4%₩58,000.00₩35,000.00₩21,050.007
Feb ’24₩34,200.00
₩46,500.00
+36.0%
13.7%₩58,000.00₩40,000.00₩22,950.006
Jan ’24₩28,900.00
₩46,500.00
+60.9%
13.7%₩58,000.00₩40,000.00₩30,500.006
Dec ’23₩32,400.00
₩48,428.57
+49.5%
15.6%₩60,000.00₩40,000.00₩30,850.007
Nov ’23₩30,350.00
₩54,444.44
+79.4%
16.2%₩65,000.00₩40,000.00₩26,050.009

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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