Zungwon En-Sys Inc (045510) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Zungwon En-Sys Inc stock KRW 1,029, price KRW 1,148, that is 10.3% below the price, quality 65 out of 100. Rating: overvalued. Calculated from audited financials with 23 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 3, 2026.
How to read this chart
60‑month range 675.00 KRW – 4,055 KRW · fair‑value band 894.77 KRW – 1,286 KRW · the 1,148 KRW price screens above the 1,029 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 3, 2026.
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Zungwon En-Sys Inc., an information technology specialized company, engages in the providing products and services for computer system integration in South Korea and internationally.
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It distributes computer equipment, such as servers, storage, and computers, as well as offers maintenance and repair services for computer systems, computer programming, system integration and management, computer and peripherals devices.
Zungwon En-Sys Inc. was formerly known as Zungwon Engineering & Systems Inc. Zungwon En-Sys Inc. was founded in 1969 and is headquartered in Seoul, South Korea.
Stock analysis
Zungwon En-Sys Inc (045510) currently trades at 1,148 KRW, while our model-based Fair Value estimate is 1,029 KRW, 10% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 5,867 KRW per share, and 13 of the 23 models we run sit above the 1,148 KRW price.
Bear case: the Earnings-Based group reads lowest at 558.51 KRW, and 10 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: 894.77 KRW (bear) to 1,286 KRW (bull), the price of 1,148 KRW sits inside 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 Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Zungwon En-Sys Inc reported revenue of 201B KRW in FY2025 versus 166B KRW in FY2021, a compound +4.8%/yr. Reported net income was 1.1B KRW in FY2025, compounding +8.5%/yr from FY2021.
Key figures
Market cap 36.1B KRW (≈ $26.7M) Micro · P/E ratio 15.0 · P/S ratio 0.14 · EPS (TTM) 75.70 KRW · Net margin 0.9% · Return on equity 5.1% · Return on assets (EBIT) 1.7% (5-year average) · Operating margin 3.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (medium confidence).
What moves the price
The share trades about 32% below its 52-week high and 70% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at −10%, 045510 screens richer than that median.
Fair Value models
Bear894.77 KRWFair Value 1,029 KRWBull1,286 KRW
Price 1,148 KRW · Downside -10.3%
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 (64.92 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.
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.62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.3%
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.
+6.5%
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.
+3.1%
Start year 2020 (pandemic). Over 10 years: +3.3% a year
Revenue growth 11 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.
+4.1%
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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.
≈ +7.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +7.2%
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.base effect: 7.2% / −6.6%
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.1% → 1%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 25.2 per share, median 70.5 in 2016 to 2018). It measures the recovery from the trough, not lasting growth.
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).
−27.4%
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.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −28.9% 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.Electronics & Computer Distribution · 149 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−10.3% · Below median
Profitability
Return on equity (12 months)5.1% · Below median
Return on assets1.2% · Below median
Net margin (12 months)0.9% · Below median
Operating margin (12 months)3.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)32.3% · Top 25%
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
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Is Zungwon En-Sys Inc (045510) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 1,029 KRW versus a price of 1,148 KRW, about 10% lower (overvalued).
What is the fair value of 045510?
Our model-based fair value for Zungwon En-Sys Inc is 1,029 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 1,148 KRW.
What is the quality score of 045510?
Zungwon En-Sys Inc 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 Zungwon En-Sys Inc (045510)?
Our model-based price target is the fair value of 1,029 KRW (as of Nov 3, 2026) from 23 valuation models. Cautious scenario 894.77 KRW, optimistic scenario 1,286 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Zungwon En-Sys Inc stock forecast for 2026?
Our models put fair value at 1,029 KRW, about 10% lower versus a price of 1,148 KRW (overvalued). Cautious scenario 894.77 KRW, optimistic scenario 1,286 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Zungwon En-Sys Inc (045510)?
Zungwon En-Sys Inc reported trailing-twelve-month revenue of about 250B KRW (latest available figure, as of Nov 3, 2026).
What growth is priced into Zungwon En-Sys Inc (045510)?
For today's price to be fair in a discounted-cash-flow model, Zungwon En-Sys Inc would have to grow free cash flow by -27.4 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.1 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 045510 use?
Our models discount Zungwon En-Sys Inc at 8.9 %: a base by market capitalisation (nano), damped by beta 0.33, 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 Zungwon En-Sys Inc that is -27.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Zungwon En-Sys Inc (045510) delivered so far?
Over the past 5 years revenue at Zungwon En-Sys Inc grew +3.1 % a year. The price currently implies free-cash-flow growth of -27.4 % 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 Zungwon En-Sys Inc (045510) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Zungwon En-Sys Inc (-27.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zungwon En-Sys Inc (045510)?
The free-cash-flow yield on the price is 43.29 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Zungwon En-Sys Inc produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zungwon En-Sys Inc (045510)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zungwon En-Sys Inc it is 1,029 KRW per share (as of Nov 3, 2026), against a price of 1,148 KRW. It is the blended result of 23 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Zungwon En-Sys Inc stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 045510 trades above its calculated fair value: price 1,148 KRW, fair value 1,029 KRW, a gap of about −10% (overvalued). 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 045510?
No. The price is what the market pays today (1,148 KRW); the fair value is what the company's own numbers justify (1,029 KRW). For Zungwon En-Sys Inc the two are 118.80 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Zungwon En-Sys Inc worth?
The market values Zungwon En-Sys Inc at about 36.1B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 1,148 KRW; our models calculate a fair value of 1,029 KRW per share.
What do the bullish and bearish scenarios say about 045510?
Our models span a range for Zungwon En-Sys Inc: cautious scenario 894.77 KRW, base 1,029 KRW, optimistic 1,286 KRW per share (as of Nov 3, 2026, price 1,148 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 045510?
Zungwon En-Sys Inc trades at a price-to-earnings ratio of 15.0 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,029 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 33.9. Other multiples: P/B 0.8, P/S 0.1, EV/EBITDA 4.9.
How solid is the balance sheet of Zungwon En-Sys Inc (045510)?
Balance-sheet figures for Zungwon En-Sys Inc (as of Nov 3, 2026): return on equity 5.1%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 045510 from its 52-week high?
Zungwon En-Sys Inc trades at 1,148 KRW, about 32% below its 52-week high of 1,686 KRW and 70% above the low of 675.00 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,029 KRW is for.
Which stocks are comparable to Zungwon En-Sys Inc?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Arrow Electronics, Inc, Avnet, Inc, 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 Zungwon En-Sys Inc stock attractive at the current price?
The data as of Nov 3, 2026: price 1,148 KRW, calculated fair value 1,029 KRW (−10%), Quality Score 65/100, from 23 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 045510 calculated?
We run Zungwon En-Sys Inc through 23 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,029 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. Zungwon En-Sys Inc itself currently trades above fair value. 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 Zungwon En-Sys Inc (045510)?
The closing price on Nov 6, 2026 was 1,148 KRW. Our model-based fair value is 1,029 KRW, about 10% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zungwon En-Sys Inc right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Zungwon En-Sys Inc
How large is the market capitalisation of Zungwon En-Sys Inc (045510)?
The market capitalisation of Zungwon En-Sys Inc is 36.1B KRW (≈ $26.7M). 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 Zungwon En-Sys Inc (045510)?
The price-to-sales ratio of Zungwon En-Sys Inc is 0.14 (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 Zungwon En-Sys Inc (045510)?
Earnings per share at Zungwon En-Sys Inc are 75.70 KRW (price ÷ EPS = P/E 15.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Zungwon En-Sys Inc (045510)?
The net margin of Zungwon En-Sys Inc is 0.9% (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 Zungwon En-Sys Inc (045510)?
The return on equity (ROE) of Zungwon En-Sys Inc is 5.1% (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 Zungwon En-Sys Inc (045510)?
On an EBIT basis the return on assets of Zungwon En-Sys Inc is 1.7% (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 Zungwon En-Sys Inc (045510)?
The operating margin of Zungwon En-Sys Inc is 3.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zungwon En-Sys Inc (045510)?
Revenue at Zungwon En-Sys Inc is growing +32.3% versus a year earlier (3y avg +6.5%). 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 Zungwon En-Sys Inc (045510)?
Earnings per share at Zungwon En-Sys Inc are growing +70.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Zungwon En-Sys Inc (045510) carry?
The net debt of Zungwon En-Sys Inc is 8.1B KRW (fiscal year 2024, ≈ 0.5 yrs of FCF). 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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Thin data
Nov 3, 2026