120110.KS
Kolon Industries, Inc.

Basic Materials · Chemicals · valued as of 2026-11-03 · statements 2025-12-31

Average Intrinsic Value

1.26B USD

Market Cap

1.39B USD

Margin of Safety

-10.1%

Intrinsic / Market Ratio

0.91×

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

EPV + Growth

-25.12M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

1.00B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

2.81B USD

15 years of cash for shareholders and lenders, less what is owed

Intrinsic Value

1.26B USD

the plain average of the three, uncapped, as the screener averages them

Intrinsic Value

1.26B USD

from the sum above

Market Cap

1.39B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.91×

the ratio the screener ranks by; Margin of Safety -10.1% (1 − Market Cap ÷ Intrinsic Value)

Each card below builds one of the three values from the reported years.

Earnings power value plus growth: -25.12M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)1.46B USD
−②Net Debt Today1.49B USD
+③Growth Value0 USD
=Value-25.12M USD

EPV of the Operations (NOPAT over WACC)

1.46B USD

Net debt today

-1.49B USD

Growth Value

0 USD

Value

-25.12M USD

①EPV (earnings power value)

1.46B USD

②Net Debt Today

1.49B USD

③Growth Value

0 USD

Market value

Market Cap1.39B USD

The price on the date above times the shares.

Value vs market

Margin of Safety—

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 1.00B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE290.05M USD
+②Equity at Year 15, Today711.80M USD
=Value1.00B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROE on new investment rising to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

290.05M USD

②Equity at Year 15, Today

711.80M USD

Market value

Market Cap1.39B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-38.7%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 2.81B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (a change in working capital above half the operating profit in the latest three years), so the value is the book value today, 2.81B USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap1.39B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+50.5%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 6.51%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.95×Market Risk Premium 6.00%= 10.22%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC 25.00% (default): the statements print a tax provision of -7.52M USD on a pretax income of 28.52M USD, which gives no rate between 0 and the profit before tax, so the 25% default stands for the tax the interest saves.

Interest Expense =EBIT 109.99M USD−Pretax Income 28.52M USD= 81.47M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 81.47M USDTotal Debt 1.73B USD×(1 − Tax Rate for WACC 25.00%)= 3.53%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 1.73B USDMarket Cap + Total Debt 1.39B USD + 1.73B USD= 55.47%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 44.53%×Cost of Equity 10.22%+Debt Weight 55.47%×Cost of Debt 3.53%= 6.51%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 5.24B USD − Total Liabilities 2.43B USD = Book Value Today 2.81B USD

Total Debt 1.73B USD − Cash and Short-Term Investments 242.82M USD = Net Debt Today 1.49B USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 123.7%at most 5%does not pass34,040,550 / 27,512,131
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets4.2%at least -10.0%passes(247.16M USD − 26.65M USD) ÷ 5.24B USD
Price to bookMarket Cap ÷ Book Value Today0.49×at most 3×passes1.39B USD ÷ 2.81B USD
Operating marginOperating Income ÷ Revenue2.2%above 10.0%does not pass75.81M USD ÷ 3.39B USD
Revenue growthRevenue ÷ Revenue a Year Before − 12.7%above 10.0%does not pass3.39B USD / 3.30B USD
Net cash(Cash − Total Debt) ÷ Market Cap-113.8%above -30%does not pass(148.85M USD − 1.73B USD) ÷ 1.39B USD
Operating efficiencyOperating Income ÷ Gross Profit8.5%above 25.0%does not pass75.81M USD ÷ 889.15M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

56256.20 KRW

Enterprise value

4.15T KRW

the provider's own figure

EV / EBITDA

9.14×

Price / book

—

the provider's book

Price / earnings

—

Return on equity

3.6%

the provider's figure, not this page's

Profit margin

2.7%

Revenue growth

7.8%

Analyst target, mean

97847.75 KRW

Analysts

4

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2022202320242025
Income statement

Revenue

4.26B3.71B3.30B3.39B

Gross profit

1.18B1.05B903.23M889.15M

Operating income

192.61M157.69M108.28M75.81M

EBITDA

operating income before depreciation and amortisation

377.03M394.47M334.03M290.69M

Pretax income

134.79M114.90M82.82M28.52M

Net income

142.83M33.49M67.27M26.65M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

143.94M83.98M71.58M52.36M

R&D

58.97M57.68M48.76M48.08M
Balance sheet, year end

Total assets

4.77B4.70B4.94B5.35B

Total liabilities

2.60B2.41B2.37B2.52B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

2.07B2.19B2.49B2.73B

Total debt

1.86B1.73B1.74B1.84B

Cash and equivalents

162.03M136.35M172.15M183.67M

Net PP&E

fixed assets after depreciation

2.02B2.04B2.08B2.04B

Working capital

current assets less current liabilities

-154.32M-101.17M30.51M90.96M
Cash flow

Operating cash flow

24.09M314.55M198.23M247.16M

Capital expenditure

paid out, so below zero

-233.76M-250.67M-176.88M-128.05M

Depreciation and amortisation

186.71M195.52M177.88M180.70M

Free cash flow

operating cash flow plus capital expenditure

-209.67M63.88M21.35M119.11M