Motonic (009680) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Motonic stock KRW 12,034, price KRW 9,900, upside +21.6%, quality 65 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 5,758 KRW – 11,450 KRW · fair‑value band 10,563 KRW – 14,111 KRW · the 9,900 KRW price screens below the 12,034 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Motonic Corporation manufactures and sells automotive components worldwide.
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The company offers high pressure regulators, receptacle, and manifolds; LPDI high-pressure fuel pumps, and low-pressure fuel pumps and drivers; LPI systems comprising pump modules, injection modules, regulators, and drivers; oil pump control units and fuel pump controllers; and variable valve lifts.
It also provides electronic-cylinder deactivation actuators and electronic-variable valve lifts; aluminum alloy, stainless steel, plastic, and high pressure rails; oil pumps; GDI high-pressure fuel pumps; EGR valves; and air induction components comprising intake manifolds, throttle bodies, and air control valves.
In addition, the company offers LPG bi-fuel systems, including regulators, cut-off solenoids, ECUs, and injectors; rocker arms; and gas filters, switch and level gauges, waste gate actuators, control units, piston clutches, and LPG mixer systems.
The company was formerly known as Changwon Carburetor Ind. Co., Ltd. and changed its name to Motonic Corporation in March 2002. Motonic Corporation was founded in 1974 and is headquartered in Seoul, South Korea.
Stock analysis
Motonic (009680) currently trades at 9,900 KRW, while our model-based Fair Value estimate is 12,034 KRW, implying the stock looks roughly 18% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 20,982 KRW per share, and 20 of the 24 models we run sit above the 9,900 KRW price.
Bear case: the Dividend Discount group reads lowest at 5,207 KRW, and 4 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 10,563 KRW (bear) to 14,111 KRW (bull), the price of 9,900 KRW sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Motonic reported revenue of 280B KRW in FY2025 versus 196B KRW in FY2021, a compound +9.3%/yr. Reported net income was 27.0B KRW in FY2025, compounding +22.6%/yr from FY2021.
Key figures
Market cap 214B KRW (≈ $158M) Micro · P/E ratio 8.0 · P/S ratio 0.77 · EPS (TTM) 1,235 KRW · Dividend yield 8.0% · Net margin 9.6% · Return on equity 5.6% · Return on assets (EBIT) 3.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 22%, 009680 screens cheaper than that median.
Fair Value models
Bear10,563 KRWFair Value 12,034 KRWBull14,111 KRW
Price 9,900 KRW · Upside +21.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (381.76 KRW per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF19,661 KRW24,365 KRW32,732 KRW82
Growth DCF20,128 KRW24,600 KRW31,894 KRW80
Owner Earnings16,299 KRW20,142 KRW26,976 KRW78
All 24 models by family
DCF Models
FCF DCF19,661 KRW24,365 KRW32,732 KRW82
Owner Earnings16,299 KRW20,142 KRW26,976 KRW78
5Y Revenue Exit13,567 KRW16,876 KRW21,827 KRW74
5Y EBITDA Exit14,380 KRW18,261 KRW23,589 KRW77
5Y P/E Exit19,314 KRW26,665 KRW35,719 KRW71
10Y Revenue Exit16,053 KRW18,929 KRW21,916 KRW68
10Y EBITDA Exit16,663 KRW19,723 KRW22,895 KRW70
10Y P/E Exit19,343 KRW24,541 KRW29,636 KRW65
Earnings-Based
Graham-Dodd8,487 KRW12,765 KRW15,168 KRW67
EPV5,322 KRW5,839 KRW6,265 KRW74
Dividend Discount
Gordon GGM4,442 KRW4,981 KRW5,591 KRW69
DDM Multi-Stage4,442 KRW5,433 KRW6,549 KRW67
Multiples
P/E Multiple20,594 KRW27,458 KRW34,323 KRW63
P/S Multiple11,636 KRW15,515 KRW19,394 KRW58
P/B Multiple8,319 KRW11,092 KRW13,866 KRW55
EV/EBIT13,049 KRW16,962 KRW20,876 KRW66
EV/EBITDA11,501 KRW14,899 KRW18,297 KRW67
EV/Revenue9,222 KRW12,614 KRW16,006 KRW54
Asset-Based
NCAV (Graham)11,860 KRW17,970 KRW22,463 KRW54
Growth DCF
Growth DCF20,128 KRW24,600 KRW31,894 KRW80
Rev-Margin DCF13,567 KRW17,364 KRW22,386 KRW74
Economic Profit
Residual Income16,337 KRW16,539 KRW17,273 KRW76
ROIC Compounder5,322 KRW5,839 KRW6,265 KRW72
Growth Earnings
Growth-Adj P/E14,517 KRW20,739 KRW26,960 KRW67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.4%
Start year 2020 (pandemic). Over 10 years: +3.2% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.1%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+25.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.9%
Dividend (yield on the price)8.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.17.9% vs 2.7%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−18.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −19.8% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Parts · 655 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+21.6% · Above median
Profitability
Return on equity (12 months)5.6% · Below median
Return on assets5.1% · Above median
Net margin (12 months)9.6% · Top 25%
Operating margin (12 months)7.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)3.5% · Below median
Dividend yield (12 months)8.0% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Motonic Fair Value". https://www.fairvalue-calculator.com/stock/009680
Frequently asked questions
Is Motonic (009680) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 12,034 KRW versus a price of 9,900 KRW, about +22% upside (undervalued).
What is the fair value of 009680?
Our model-based fair value for Motonic is 12,034 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 9,900 KRW.
What is the quality score of 009680?
Motonic has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Motonic (009680)?
Our model-based price target is the fair value of 12,034 KRW (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 10,563 KRW, optimistic scenario 14,111 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Motonic stock forecast for 2026?
Our models put fair value at 12,034 KRW, about +22% upside versus a price of 9,900 KRW (undervalued). Cautious scenario 10,563 KRW, optimistic scenario 14,111 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Motonic (009680)?
Motonic reported trailing-twelve-month revenue of about 279B KRW (latest available figure, as of Nov 8, 2026).
Does Motonic pay a dividend?
Motonic currently shows a dividend yield of 7.98% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Motonic (009680) and when is the ex-dividend date?
Motonic pays a dividend of 790.00 KRW per share a year, a dividend yield of 8.0%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 1996. The payout ratio is 64.0% of earnings. Free cash flow covers the dividend 2.95 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Motonic (009680)?
For today's price to be fair in a discounted-cash-flow model, Motonic would have to grow free cash flow by -18.2 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 009680 use?
Our models discount Motonic at 11.6 %: a base by market capitalisation (micro), damped by beta 0.37, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Motonic that is -18.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Motonic (009680) delivered so far?
Over the past 5 years revenue at Motonic grew +9.4 % a year. The price currently implies free-cash-flow growth of -18.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Motonic (009680) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Motonic (-18.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Motonic (009680)?
The free-cash-flow yield on the price is 23.54 %: that much free cash flow Motonic produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Motonic (009680)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Motonic it is 12,034 KRW per share (as of Nov 8, 2026), against a price of 9,900 KRW. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Motonic stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 009680 trades below its calculated fair value: price 9,900 KRW, fair value 12,034 KRW, a gap of about +22% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 009680?
No. The price is what the market pays today (9,900 KRW); the fair value is what the company's own numbers justify (12,034 KRW). For Motonic the two are 2,134 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Motonic worth?
The market values Motonic at about 214B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 9,900 KRW; our models calculate a fair value of 12,034 KRW per share.
What do the bullish and bearish scenarios say about 009680?
Our models span a range for Motonic: cautious scenario 10,563 KRW, base 12,034 KRW, optimistic 14,111 KRW per share (as of Nov 8, 2026, price 9,900 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 009680?
Motonic trades at a price-to-earnings ratio of 8.0 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 12,034 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 12.9. Other multiples: P/B 0.4, P/S 0.8, EV/EBITDA 7.1.
How solid is the balance sheet of Motonic (009680)?
Balance-sheet figures for Motonic (as of Nov 8, 2026): return on equity 5.6%, debt of 0.00 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 009680 from its 52-week high?
Motonic trades at 9,900 KRW, about 14% below its 52-week high of 11,450 KRW and 5% above the low of 9,460 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 12,034 KRW is for.
Which stocks are comparable to Motonic?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Motonic stock attractive at the current price?
The data as of Nov 8, 2026: price 9,900 KRW, calculated fair value 12,034 KRW (+22%), Quality Score 65/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 009680 calculated?
We run Motonic through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 12,034 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Motonic currently trades 18% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Motonic (009680)?
The closing price on Nov 6, 2026 was 9,900 KRW. Our model-based fair value is 12,034 KRW, about +22% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Motonic right now?
The price is below even our cautious bear case (10,563 KRW). The market is more pessimistic than our downside scenario. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Motonic
How large is the market capitalisation of Motonic (009680)?
The market capitalisation of Motonic is 214B KRW (≈ $158M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Motonic (009680)?
The price-to-sales ratio of Motonic is 0.77 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Motonic (009680)?
Earnings per share at Motonic are 1,235 KRW (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Motonic (009680)?
The dividend yield of Motonic is 8.0% (payout 64.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Motonic (009680)?
The net margin of Motonic is 9.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Motonic (009680)?
The return on equity (ROE) of Motonic is 5.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Motonic (009680)?
On an EBIT basis the return on assets of Motonic is 3.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Motonic (009680)?
The operating margin of Motonic is 7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Motonic (009680)?
Revenue at Motonic is growing +3.5% versus a year earlier (3y avg +7.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Motonic (009680)?
Earnings per share at Motonic are growing +20.7% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 8, 2026