021240 (Coway Co Ltd) vs KOSPI 200 Comparison

021240

KOSPI 200

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021240

KOSPI 200

Difference

1Y 3Y 5Y 10Y 15Y 20Y

021240

KOSPI 200

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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KOSPI 200

021240

000333

600690

000651

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1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Coway Co Ltd
Glance View

Market Cap

5T KRW

Industry

Consumer products

Coway Co., Ltd., often referred to as a leader in the home wellness appliance sector, originated in South Korea and has etched its name as a prominent purveyor of air and water purification solutions. The company's narrative began with a vision to enhance indoor life quality, and over the years, it has steadily built a reputation for innovation and reliability. At its core, Coway thrives on a subscription-based rental model, offering convenience and affordability for products such as air purifiers, water filtration systems, and bidets. This model not only ensures a steady stream of revenue but also fosters customer loyalty as consumers are accustomed to possessing the latest, well-maintained home solutions without the upfront burden of hefty purchase costs. Coway's business strategy encompasses meticulous research and development, which ensures its offerings align with the evolving demands of health-conscious customers, thereby keeping Coway at the forefront of technological advancements in the sector. In addition to Korea, Coway's footprint extends globally, with strategic market penetrations in regions such as the United States, China, and Malaysia. Supplementing its product line with dedicated customer service, Coway frequently dispatches "CODYs" – service experts who perform regular maintenance and updates on rented devices. This holistic approach to customer engagement solidifies the company’s commitment to quality and customer care, reinforcing its brand as synonymous with healthy living. By intertwining innovation with an astute business model, Coway seamlessly channels consumer needs into sustainable profitability.

View Coway Co Ltd Analysis

Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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CN		Midea Group Co Ltd SZSE:000333	Select
CN		Haier Smart Home Co Ltd SSE:600690	Select
CN		Gree Electric Appliances Inc of Zhuhai SZSE:000651	Select
US	S	Sharkninja Inc NYSE:SN	Select
CN		Hisense Home Appliances Group Co Ltd SZSE:000921	Select
CN		Zhejiang Supor Co Ltd SZSE:002032	Select
US		Whirlpool Corp NYSE:WHR	Select
CN		Beijing Roborock Technology Co Ltd SSE:688169	Select
CN	H	Hangzhou Greatstar Industrial Co Ltd SZSE:002444	Select
FR		SEB SA PAR:SK	Select

CN		Midea Group Co Ltd SZSE:000333	Add
CN		Haier Smart Home Co Ltd SSE:600690	Add
CN		Gree Electric Appliances Inc of Zhuhai SZSE:000651	Add
US	S	Sharkninja Inc NYSE:SN	Add
CN		Hisense Home Appliances Group Co Ltd SZSE:000921	Add
CN		Zhejiang Supor Co Ltd SZSE:002032	Add
US		Whirlpool Corp NYSE:WHR	Add
CN		Beijing Roborock Technology Co Ltd SSE:688169	Add
CN	H	Hangzhou Greatstar Industrial Co Ltd SZSE:002444	Add
FR		SEB SA PAR:SK	Add

HR	C	CROBEX INDX:CRBEX	Add
SA	T	Tadawul All Share INDX:TASI	Add
TH	S	SET Index INDX:SET	Add
ID	J	Jakarta Composite Index INDX:JKSE	Add
GR	A	Athens General Composite INDX:ATG	Add
BR	B	BOVESPA INDX:BVSP	Add
AR	S	S&P Merval INDX:MERV	Add
MX	M	Mexico S&P/BMV IPC INDX:MXX	Add
CZ	P	PX Prague Stock Index INDX:PX	Add
RU	M	MOEX Russia INDX:IMOEX	Add

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021240

vs

KOSPI 200

Stocks Performance
021240 vs KOSPI 200

Performance Gap
021240 vs KOSPI 200

Performance By Year
021240 vs KOSPI 200

Competitors Performance
Coway Co Ltd vs Peers

Coway Co Ltd
Glance View

Company

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021240 vs KOSPI 200

Stocks Performance 021240 vs KOSPI 200

Performance Gap 021240 vs KOSPI 200

Performance By Year 021240 vs KOSPI 200

Competitors Performance Coway Co Ltd vs Peers

Coway Co Ltd Glance View

Company

Help

Tools

Stocks

021240

vs

KOSPI 200

Stocks Performance
021240 vs KOSPI 200

Performance Gap
021240 vs KOSPI 200

Performance By Year
021240 vs KOSPI 200

Competitors Performance
Coway Co Ltd vs Peers

Coway Co Ltd
Glance View