Nongshim Co Ltd
KRX:004370

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Nongshim Co Ltd
KRX:004370
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Price: 379 500 KRW -0.39% Market Closed
Market Cap: ₩2.3T

P/B

0.8
Current
14%
Cheaper
vs 3-y average of 0.9

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.8
=
Market Cap
₩2.2T
/
Total Equity
₩2.8T

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.8
=
Market Cap
₩2.2T
/
Total Equity
₩2.8T

Valuation Scenarios

Nongshim Co Ltd is trading below its 3-year average

If P/B returns to its 3-Year Average (0.9), the stock would be worth ₩441 192.33 (16% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-38%
Maximum Upside
+43%
Average Upside
8%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 0.8 ₩379 500
0%
3-Year Average 0.9 ₩441 192.33
+16%
5-Year Average 0.9 ₩417 660.65
+10%
Industry Average 0.5 ₩236 350.26
-38%
Country Average 1.1 ₩544 212.57
+43%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
KR
Nongshim Co Ltd
KRX:004370
2.2T KRW 0.8 13
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 77 420.4 540 752.8
CH
Nestle SA
SIX:NESN
206.9B CHF 6.2 22.7
US
Mondelez International Inc
NASDAQ:MDLZ
75B USD 2.9 30.6
FR
Danone SA
PAR:BN
43.1B EUR 2.5 23.5
ZA
Tiger Brands Ltd
JSE:TBS
48.7B ZAR 2.9 12.8
US
Hershey Co
NYSE:HSY
38.1B USD 8.2 43.2
CN
Muyuan Foods Co Ltd
SZSE:002714
236.5B CNY 3.2 25.2
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
229.3B CNY 5.5 32.6
ZA
Avi Ltd
JSE:AVI
33B ZAR 5.9 12.8
IN
Nestle India Ltd
NSE:NESTLEIND
2.8T INR 54.6 80.5

Market Distribution

In line with most companies in Korea
Percentile
35th
Based on 1 345 companies
35th percentile
0.8
Low
0.1 — 0.7
Typical Range
0.7 — 2.3
High
2.3 —
Distribution Statistics
Korea
Min 0.1
30th Percentile 0.7
Median 1.1
70th Percentile 2.3
Max 2 461.2

Nongshim Co Ltd
Glance View

Market Cap
2.3T KRW
Industry
Food Products

In the bustling heart of South Korea's food industry lies Nongshim Co Ltd, a titan that has long been at the forefront of the instant noodle market. Founded in 1965, Nongshim has woven itself into the fabric of South Korean culinary life, propelled by its flagship product, Shin Ramyun. With its spicy flavor capturing palates worldwide, the company has deftly transformed humble noodles into a global sensation. The key to Nongshim's success is an unwavering commitment to quality and innovation, rooted in traditional flavors but constantly experimenting with contemporary tastes and preferences. Leveraging a robust distribution network, Nongshim ensures its products are readily available in supermarkets, convenience stores, and online platforms, reaching consumers on a global scale. Yet, Nongshim's operations extend beyond just instant noodles. The company has diversified into producing snacks, bottled water, and instant rice products, each contributing to its revenue stream. By tapping into the increased demand for convenience foods fuelled by changing lifestyles, Nongshim continues to expand its market presence. Through strategic marketing initiatives, including partnerships and targeted advertising, the company maintains a strong brand image and loyalty among consumers. Furthermore, Nongshim's commitment to sustainable practices and quality control assures its products meet global standards, appealing to health-conscious customers and strengthening its position in the competitive food industry.

Intrinsic Value
309 809.83 KRW
Overvaluation 18%
Intrinsic Value
Price ₩379 500
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