Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Founded in 1975 and based in Seoul, South Korea, Taekyung Industry.Co., Ltd. operates as a global producer and supplier of fundamental industrial materials. Their extensive product portfolio includes various ferroalloys, such as high-carbon ferromanganese and silico-manganese, as well as ultra-fine ground calcium carbonate. This liquid heavy calcium carbonate is utilized for diverse applications like coating art paper and whiteboards, and in matte paper, water-based paints, and pillars. The company also develops specialized adsorbents, including DETOX-S for hydrogen sulfide and DETOX-B for basic gases, alongside carbides. Further offerings encompass a range of lime products (quicklime, slaked lime, calcium hydroxide, and light calcium carbonate), petro coke fuel, zinc oxide and zinc dust, vaporizers, and agents for steelmaking refinement. Taekyung additionally provides various industrial gases such as acetylene, oxygen, carbon dioxide, nitrogen, LPG, and argon, along with environmental treatment solutions like liquid calcified lime. Beyond industrial chemicals, the company manufactures lighting products, including automotive halogen bulbs, general lamps, and LED lighting. Moreover, Taekyung Industry.Co., Ltd. manages a network of highway amenities, featuring rest and service areas, gas stations, and LPG charging facilities.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT