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Data-driven stock valuation

Wonik Corporation (032940) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Wonik Corporation stock KRW 12,981, price KRW 6,100, upside +112.8%, quality 52 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials KR · ISIN KR7032940009

WC Wonik Corporation logo Some data Nov 5, 2026

Wonik Corporation

032940 · KQ
Undervalued, but sideways

The stock costs 53% less than our calculation considers fair.

Fair value 12,981 KRW · Strongly undervalued
Solidly profitable · 12.9% net margin (TTM)
Low debt
Ranks above peers (8/12)
Costs just 5.4 times its yearly profit.
Quality 52/100
Expensive Growth (revenue 5y +11.5 %/yr in KRW)
Some data
Negative free cash flow
Narrow moat 39/100 · thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

14,960 KRW 2,875 KRW Fair Value 12,981 KRW Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range 2,875 KRW – 14,960 KRW · fair‑value band 8,839 KRW – 17,212 KRW · the 6,100 KRW price screens below the 12,981 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 5, 2026.

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Company profile

Wonik Corporation engages in the semiconductor, trade and distribution, finance, cosmetics, IT and electronic parts, robots, and leisure businesses in South Korea.

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The company offers process devices building circuits on substrate boards; dry etcher in black plane and thin film encapsulation; thin film solar cell equipment; quartz ware products; ceramics; lamps; semiconductor precision cleaning equipment; precursor; gas supply, purification, and monitoring systems; precursor supply systems; and plumbing construction.

It also trades in medical devices, such as beauty equipment, and surgical devices and instruments; industrial raw materials and lighting-related products; chemical products of paints, inks, adhesives, papers, artificial marble, electron materials, and synthetic leather and fabrics; engineered plastics and silicon products; building materials; lipid components; and commercial and industrial printing and printers, as well as offers related management education, technical support, software upgrade, and consumable parts.

In addition, it invests in and provides consultation services to small-to medium-sized venture enterprises; engages in the golf course, hotel, and garden businesses.

Further, the company offers hybrid integrated circuits and RF components; prototyping, customizing and testing robotics algorithms and robots; and AllegroDog, a quadruped robot. Wonik Corporation was founded in 1981 and is based in Seongnam-si, South Korea.

Stock analysis

Wonik Corporation (032940) currently trades at 6,100 KRW, while our model-based Fair Value estimate is 12,981 KRW, implying the stock looks roughly 53% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 10,216 KRW per share, and 5 of the 6 models we run sit above the 6,100 KRW price.

Bear case: the Earnings-Based group reads lowest at 8,466 KRW, and 1 of the 6 models stay below the price. Data coverage for this calculation is medium.

Scenario range: 8,839 KRW (bear) to 17,212 KRW (bull), the price of 6,100 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 52/100 (solid quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Wonik Corporation reported revenue of 151B KRW in FY2025 versus 94.7B KRW in FY2021, a compound +12.3%/yr. Reported net income was 11.5B KRW in FY2025, compounding −20.3%/yr from FY2021.

Key figures

Market cap 126B KRW (≈ $92.8M) Micro · P/E ratio 5.4 · P/S ratio 0.78 · EPS (TTM) 1,145 KRW · Net margin 12.9% · Return on equity 7.3% · Return on assets (EBIT) 2.4% (5-year average) · Operating margin 7.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).

What moves the price

The share trades about 59% below its 52-week high and 36% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at 113%, 032940 screens cheaper than that median.

Fair Value models

Bear 8,839 KRW Fair Value 12,981 KRW Bull 17,212 KRW
Price 6,100 KRW · Upside +112.8%
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 (981.69 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
Residual Income 8,839 KRW 9,061 KRW 9,785 KRW 71
Graham-Dodd 4,299 KRW 12,981 KRW 17,212 KRW 65
P/E Multiple 10,431 KRW 13,908 KRW 17,386 KRW 63
All 6 models by family
Earnings-Based
Graham-Dodd 4,299 KRW 12,981 KRW 17,212 KRW 65
Lynch FV 2,766 KRW 3,951 KRW 5,137 KRW 61
Multiples
P/E Multiple 10,431 KRW 13,908 KRW 17,386 KRW 63
P/B Multiple 4,892 KRW 6,523 KRW 8,153 KRW 55
Asset-Based
NCAV (Graham) 7,484 KRW 10,028 KRW 14,968 KRW 54
Economic Profit
Residual Income 8,839 KRW 9,061 KRW 9,785 KRW 71

Open the full fair value analysis →

Quality Score breakdown

Overall quality 52/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 31
How much profit the company makes from its sales and capital
Quality Growth 52
Are margins and returns getting better?
Cashflow 4
Do the profits arrive as real cash?
Financial strength 70
Debt, balance sheet and risk of trouble
Investment 83
Does it invest with discipline instead of growing at any price?
Low Volatility 10
How calm the share price moves, does not count
Price momentum 28
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 8
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.6%
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.
+11.7%
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.
+11.5%
Start year 2020 (pandemic). Over 10 years: +10.4% a year
Revenue growth 24 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.
+2.4%
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. Basis: EBIT basis. 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.
−26.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.1%
Dividend (yield on the price)0.0%
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.−24.3% vs −20.1%, slowing
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.95% → 6%
Pace: the 5-year rate starts in 2020 (pandemic)

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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.Conglomerates · 304 stocks

Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 52 · Below median
Fair Value upside +112.8% · Top 25%
Profitability
Return on equity (12 months) 7.3% · Above median
Return on assets 3.0% · Below median
Net margin (12 months) 12.9% · Top 25%
Operating margin (12 months) 7.3% · Below median
Growth and dividend
Revenue growth (quarter YoY) 23.1% · Top 25%
Balance sheet
Debt / equity 0.05× · Below median

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/E (12 months) 5.4× · Cheapest 25%
P/B 0.44× · Cheapest 25%
P/S (12 months) 0.78× · Cheaper than median
EV/EBITDA 12.2× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 52
FUTURE (revenue growth)100 · sector 38
PAST (return on equity)29 · sector 29
HEALTH (low debt)97 · sector 89
DIVIDEND (yield)0 · sector 46

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Honeywell International Inc HON $220.05 $245.42 +12% vs 032940
Jardine Matheson Holdings J36 $60.84 $66.74 +10% vs 032940
Kingdom Holding 4280 12.40 SAR 13.40 SAR +8% vs 032940
SGH Limited SGH A$42.62 A$34.87 −18% vs 032940
Keppel Ltd BN4 9.45 SGD 3.87 SGD −59% vs 032940
3M Company MMM $185.15 $73.02 −61% vs 032940
Swire Pacific Limited 0019 HK$112.20 HK$27.75 −75% vs 032940
Doosan Corporation 000150 638,000 KRW 95,752 KRW −85% vs 032940

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Wonik Corporation: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Wonik Corporation Fair Value". https://www.fairvalue-calculator.com/stock/032940

Frequently asked questions

Is Wonik Corporation (032940) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 12,981 KRW versus a price of 6,100 KRW, about +113% upside (undervalued).
What is the fair value of 032940?
Our model-based fair value for Wonik Corporation is 12,981 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 6,100 KRW.
What is the quality score of 032940?
Wonik Corporation has a Quality Score of 52/100. 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 Wonik Corporation (032940)?
Our model-based price target is the fair value of 12,981 KRW (as of Nov 5, 2026) from 6 valuation models. Cautious scenario 8,839 KRW, optimistic scenario 17,212 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Wonik Corporation stock forecast for 2026?
Our models put fair value at 12,981 KRW, about +113% upside versus a price of 6,100 KRW (undervalued). Cautious scenario 8,839 KRW, optimistic scenario 17,212 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Wonik Corporation (032940)?
Wonik Corporation reported trailing-twelve-month revenue of about 161B KRW (latest available figure, as of Nov 5, 2026).
What is the intrinsic value of Wonik Corporation (032940)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wonik Corporation it is 12,981 KRW per share (as of Nov 5, 2026), against a price of 6,100 KRW. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Wonik Corporation stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 032940 trades below its calculated fair value: price 6,100 KRW, fair value 12,981 KRW, a gap of about +113% (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 032940?
No. The price is what the market pays today (6,100 KRW); the fair value is what the company's own numbers justify (12,981 KRW). For Wonik Corporation the two are 6,881 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Wonik Corporation worth?
The market values Wonik Corporation at about 126B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 6,100 KRW; our models calculate a fair value of 12,981 KRW per share.
What do the bullish and bearish scenarios say about 032940?
Our models span a range for Wonik Corporation: cautious scenario 8,839 KRW, base 12,981 KRW, optimistic 17,212 KRW per share (as of Nov 5, 2026, price 6,100 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 032940?
Wonik Corporation trades at a price-to-earnings ratio of 5.4 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 12,981 KRW is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2019 to 2025), reported earnings: 2.3. Other multiples: P/B 0.4, P/S 0.8, EV/EBITDA 12.2.
How solid is the balance sheet of Wonik Corporation (032940)?
Balance-sheet figures for Wonik Corporation (as of Nov 5, 2026): return on equity 7.3%, debt of 0.05 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 032940 from its 52-week high?
Wonik Corporation trades at 6,100 KRW, about 59% below its 52-week high of 14,960 KRW and 36% above the low of 4,470 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 12,981 KRW is for.
Which stocks are comparable to Wonik Corporation?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, 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 Wonik Corporation stock attractive at the current price?
The data as of Nov 5, 2026: price 6,100 KRW, calculated fair value 12,981 KRW (+113%), Quality Score 52/100, from 6 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 032940 calculated?
We run Wonik Corporation through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 12,981 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. Wonik Corporation currently trades 53% 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 Wonik Corporation (032940)?
The closing price on Nov 6, 2026 was 6,100 KRW. Our model-based fair value is 12,981 KRW, about +113% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wonik Corporation right now?
The price is below even our cautious bear case (8,839 KRW). The market is more pessimistic than our downside scenario. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (8,839 KRW to 17,212 KRW) leaves room in how you read the outcome.

Key figures of Wonik Corporation

How large is the market capitalisation of Wonik Corporation (032940)?
The market capitalisation of Wonik Corporation is 126B KRW (≈ $92.8M). 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 Wonik Corporation (032940)?
The price-to-sales ratio of Wonik Corporation is 0.78 (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 Wonik Corporation (032940)?
Earnings per share at Wonik Corporation are 1,145 KRW (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Wonik Corporation (032940)?
The net margin of Wonik Corporation is 12.9% (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 Wonik Corporation (032940)?
The return on equity (ROE) of Wonik Corporation is 7.3% (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 Wonik Corporation (032940)?
On an EBIT basis the return on assets of Wonik Corporation is 2.4% (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 Wonik Corporation (032940)?
The operating margin of Wonik Corporation is 7.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wonik Corporation (032940)?
Revenue at Wonik Corporation is growing +23.1% versus a year earlier (3y avg +11.7%). 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 Wonik Corporation (032940)?
Earnings per share at Wonik Corporation are growing −62.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Wonik Corporation (032940) generate?
The free cash flow of Wonik Corporation is −10.2B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Wonik Corporation (032940) carry?
The net debt of Wonik Corporation is 45.7B KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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