JONBUR Research · Initiation
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Medy-Tox · 086900 · Biotech & Pharma
Medy-Tox: Modest Profitability, Share Price Down 40.5% Over a Year, Model Estimate Below Market Price
Why this report
Start of coverage: written when a reader opened this company and there was no report yet.
Medy-Tox closed at ₩70,000 on 2026-10-19 with a market value of about ₩510.9B, down 40.5% over one year and 4.0% over one month. Trailing revenue is ₩251.1B with a 6.9% operating margin, and a discounted cash flow model estimate of ₩51,161 per share sits below the current price.
Written Oct 20, 2026 · Data as of Oct 19, 2026 · 0 views
This is not financial advice. The report does not recommend buying or selling anything.
Thesis
The data supports a company with steadily growing revenue and positive free cash flow, now paying a dividend and cancelling shares. Revenue rose each year shown, from ₩184.9B in 2021 to ₩247.3B in 2025. Profitability is the weak point: operating margin fell from 23.9% in 2022 to 6.9%, and ROE is 3.6%. The trailing P/E of 33.4 is high for that level of earnings, although the P/B of 1.4 is lower than at recent year-ends. Foreign ownership fell from 15.1% to 12.4% over 60 days, which shows weaker foreign demand. Whether margins recover is not something the data can answer.
Business overview
Medy-Tox is a Biotech & Pharma company listed on KOSDAQ since 2009-01-16 and founded in 2000, with 7,298,497 listed shares. Market capitalisation is ₩510.9B and enterprise value is about ₩503.0B. Revenue grew from ₩184.9B in 2021 to ₩247.3B in 2025. Other details on products or segments are not available in the data provided. A recent news item mentions the company sharing clinical findings on its toxin and filler portfolio at a Seoul conference.
Every earlier JONBUR Research report and update note on Medy-Tox, with Pro.
Unlock with ProModel estimate of fair value
- Bear
- ₩30,157
- -55%
- Base
- ₩51,161
- -24%
- Bull
- ₩86,212
- +28%
Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal.
Base case of the 5-year discounted cash flow model on the stock's Valuation tab (statements TTM to H1 2026; discount rate 7.5%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions
Filings and data used
- Amended: Cash dividend decisionOct 16, 2026
- Decision on Shareholder Register Closure (Record Date) for Interim (Quarterly) DividendOct 14, 2026
- Cash dividend decisionOct 14, 2026
- Amended: Share cancellation decisionSep 30, 2026
- Insider shareholding reportSep 16, 2026
- 5%+ holding reportAug 28, 2026
- Half-year report (Jun 2026)Aug 13, 2026
- Preliminary earnings (consolidated)Aug 10, 2026
- Insider shareholding reportAug 3, 2026
- Insider shareholding reportJul 30, 2026
- Insider shareholding reportJul 7, 2026
- Amended: Share cancellation decisionJun 30, 2026
- 메디톡스, ICLAS 서울 2026서 톡신·필러 포트폴리오 임상 지견 공유Oct 19, 2026
- Medytox Decides on Cash Dividend of KRW 1,200 per ShareOct 14, 2026
- Daily prices up to 2026-10-19
- Financial statements, trailing 12 months as of H1 2026
- Our fair value model, statements as of TTM to H1 2026
Report history
Source: KRX statistical information