Seoul Semiconductor Co. Ltd (046890) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Seoul Semiconductor Co. Ltd stock KRW 14,032, price KRW 8,770, upside +60.0%, quality 49 out of 100. Rating: strongly undervalued. Calculated from audited financials with 10 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 5, 2026.
How to read this chart
60‑month range 5,830 KRW – 18,280 KRW · fair‑value band 10,320 KRW – 19,125 KRW · the 8,770 KRW price screens below the 14,032 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Seoul Semiconductor Co., Ltd. manufactures and sells light emitting diodes (LEDs) products worldwide.
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The company offers high and mid power products; low power chip LEDs and through holes; chip on boards; filament LEDs; modules; nano and micro drivers; automotive products; backlighting units for TVs/monitors, notebooks/tablets/mobiles, and automotive display products; and flash LEDs, as well as sensor and datacom products.
It provides its products for residential, commercial, horticulture, industrial, outdoor and entertainment, module and driver, front lightning, automotive, interior, sensor, datacom, bio identification, AR, VR, LiDAR, and CCTV applications.
Seoul Semiconductor Co., Ltd. was founded in 1987 and is based in Ansan-si, South Korea.
Stock analysis
Seoul Semiconductor Co. Ltd (046890) currently trades at 8,770 KRW, while our model-based Fair Value estimate is 14,032 KRW, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 12,490 KRW per share, and 5 of the 10 models we run sit above the 8,770 KRW price.
Bear case: the Growth DCF group reads lowest at 8,794 KRW, and 5 of the 10 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 10,320 KRW (bear) to 19,125 KRW (bull), the price of 8,770 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 49/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Seoul Semiconductor Co. Ltd reported revenue of 1.0T KRW in FY2025 versus 1.3T KRW in FY2021, a compound −6.1%/yr. Reported net income was −51.4B KRW in FY2025.
Key figures
Market cap 494B KRW (≈ $366M) Small · P/S ratio 0.44 · EPS (TTM) −29.70 KRW · Dividend yield 1.6% · Net margin −0.2% · Return on equity 0.9% · Return on assets (EBIT) −1.2% (5-year average) · Operating margin 1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (medium confidence).
What moves the price
The share trades about 52% below its 52-week high and 50% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 60%, 046890 screens cheaper than that median.
Fair Value models
Bear10,320 KRWFair Value 14,032 KRWBull19,125 KRW
Price 8,770 KRW · Upside +60.0%
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.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 DCF6,641 KRW8,472 KRW10,538 KRW82
Growth DCF6,706 KRW8,357 KRW10,142 KRW80
5Y EBITDA Exit9,589 KRW14,785 KRW20,566 KRW75
All 10 models by family
DCF Models
FCF DCF6,641 KRW8,472 KRW10,538 KRW82
5Y Revenue Exit6,389 KRW9,118 KRW12,427 KRW73
5Y EBITDA Exit9,589 KRW14,785 KRW20,566 KRW75
10Y Revenue Exit6,315 KRW8,488 KRW11,091 KRW68
10Y EBITDA Exit8,112 KRW11,674 KRW16,012 KRW69
Multiples
EV/EBITDA12,475 KRW17,080 KRW21,685 KRW67
EV/Revenue5,127 KRW7,899 KRW10,671 KRW53
Asset-Based
NCAV (Graham)263.59 KRW399.38 KRW499.22 KRW54
Growth DCF
Growth DCF6,706 KRW8,357 KRW10,142 KRW80
Rev-Margin DCF6,389 KRW9,231 KRW12,290 KRW73
The fair value above starts from this blend and is adjusted for a cyclical trough 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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.1%
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.
−3.0%
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.
−2.5%
Start year 2020 (pandemic). Over 10 years: +0.0% a year
Revenue growth 21 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.
+10.4%
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Profit margin (trend) ⓘ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.
4.9% (2020) → −3.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+9.3%
Yearly growth needed for the next five years to justify today's price.
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 +7.0% a year for the price.
Compare Seoul Semiconductor Co. Ltd with another stock
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.Semiconductors · 370 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+60.0% · Top 25%
Profitability
Return on equity (12 months)0.9% · Below median
Return on assets−4.7% · Bottom 25%
Net margin (12 months)−0.2% · Below median
Operating margin (12 months)1.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)16.1% · Below median
Dividend yield (12 months)1.6% · Above median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Semiconductors median · lower = cheaper
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Is Seoul Semiconductor Co. Ltd (046890) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 14,032 KRW versus a price of 8,770 KRW, about +60% upside (undervalued).
What is the fair value of 046890?
Our model-based fair value for Seoul Semiconductor Co. Ltd is 14,032 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 8,770 KRW.
What is the quality score of 046890?
Seoul Semiconductor Co. Ltd has a Quality Score of 49/100. 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 Seoul Semiconductor Co. Ltd (046890)?
Our model-based price target is the fair value of 14,032 KRW (as of Nov 5, 2026) from 10 valuation models. Cautious scenario 10,320 KRW, optimistic scenario 19,125 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Seoul Semiconductor Co. Ltd stock forecast for 2026?
Our models put fair value at 14,032 KRW, about +60% upside versus a price of 8,770 KRW (undervalued). Cautious scenario 10,320 KRW, optimistic scenario 19,125 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Seoul Semiconductor Co. Ltd (046890)?
Seoul Semiconductor Co. Ltd reported trailing-twelve-month revenue of about 1.1T KRW (latest available figure, as of Nov 5, 2026).
Does Seoul Semiconductor Co. Ltd pay a dividend?
Seoul Semiconductor Co. Ltd currently shows a dividend yield of 1.64% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Seoul Semiconductor Co. Ltd (046890)?
Seoul Semiconductor Co. Ltd has a dividend yield of 1.6%.
What growth is priced into Seoul Semiconductor Co. Ltd (046890)?
For today's price to be fair in a discounted-cash-flow model, Seoul Semiconductor Co. Ltd would have to grow free cash flow by +9.3 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.6 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 046890 use?
Our models discount Seoul Semiconductor Co. Ltd at 13.1 %: a base by market capitalisation (small), damped by beta 1.49, 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 Seoul Semiconductor Co. Ltd that is +9.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Seoul Semiconductor Co. Ltd (046890) delivered so far?
Over the past 5 years revenue at Seoul Semiconductor Co. Ltd grew -2.6 % a year. The price currently implies free-cash-flow growth of +9.3 % 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 Seoul Semiconductor Co. Ltd (046890) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Seoul Semiconductor Co. Ltd (+9.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Seoul Semiconductor Co. Ltd (046890)?
The free-cash-flow yield on the price is 8.11 %: that much free cash flow Seoul Semiconductor Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Seoul Semiconductor Co. Ltd (046890)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Seoul Semiconductor Co. Ltd it is 14,032 KRW per share (as of Nov 5, 2026), against a price of 8,770 KRW. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Seoul Semiconductor Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 046890 trades below its calculated fair value: price 8,770 KRW, fair value 14,032 KRW, a gap of about +60% (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 046890?
No. The price is what the market pays today (8,770 KRW); the fair value is what the company's own numbers justify (14,032 KRW). For Seoul Semiconductor Co. Ltd the two are 5,262 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Seoul Semiconductor Co. Ltd worth?
The market values Seoul Semiconductor Co. Ltd at about 494B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 8,770 KRW; our models calculate a fair value of 14,032 KRW per share.
What do the bullish and bearish scenarios say about 046890?
Our models span a range for Seoul Semiconductor Co. Ltd: cautious scenario 10,320 KRW, base 14,032 KRW, optimistic 19,125 KRW per share (as of Nov 5, 2026, price 8,770 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Seoul Semiconductor Co. Ltd (046890)?
Balance-sheet figures for Seoul Semiconductor Co. Ltd (as of Nov 5, 2026): return on equity 0.9%, debt of 0.08 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 046890 from its 52-week high?
Seoul Semiconductor Co. Ltd trades at 8,770 KRW, about 52% below its 52-week high of 18,280 KRW and 50% above the low of 5,830 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 14,032 KRW is for.
Which stocks are comparable to Seoul Semiconductor Co. Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, 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 Seoul Semiconductor Co. Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 8,770 KRW, calculated fair value 14,032 KRW (+60%), Quality Score 49/100, from 10 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 046890 calculated?
We run Seoul Semiconductor Co. Ltd through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 14,032 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 13.7% above its aggregate fair value. Seoul Semiconductor Co. Ltd currently trades 38% 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 Seoul Semiconductor Co. Ltd (046890)?
The closing price on Nov 9, 2026 was 8,770 KRW. Our model-based fair value is 14,032 KRW, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Seoul Semiconductor Co. Ltd right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (10,320 KRW). The market is more pessimistic than our downside scenario. A fairly wide model range (10,320 KRW to 19,125 KRW) leaves room in how you read the outcome.
Key figures of Seoul Semiconductor Co. Ltd
How large is the market capitalisation of Seoul Semiconductor Co. Ltd (046890)?
The market capitalisation of Seoul Semiconductor Co. Ltd is 494B KRW (≈ $366M). 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 Seoul Semiconductor Co. Ltd (046890)?
The price-to-sales ratio of Seoul Semiconductor Co. Ltd is 0.44 (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 Seoul Semiconductor Co. Ltd (046890)?
Earnings per share at Seoul Semiconductor Co. Ltd are −29.70 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Seoul Semiconductor Co. Ltd (046890)?
The dividend yield of Seoul Semiconductor Co. Ltd is 1.6%. 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 Seoul Semiconductor Co. Ltd (046890)?
The net margin of Seoul Semiconductor Co. Ltd is −0.2% (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 Seoul Semiconductor Co. Ltd (046890)?
The return on equity (ROE) of Seoul Semiconductor Co. Ltd is 0.9% (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 Seoul Semiconductor Co. Ltd (046890)?
On an EBIT basis the return on assets of Seoul Semiconductor Co. Ltd is −1.2% (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 Seoul Semiconductor Co. Ltd (046890)?
The operating margin of Seoul Semiconductor Co. Ltd is 1.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Seoul Semiconductor Co. Ltd (046890)?
Revenue at Seoul Semiconductor Co. Ltd is growing +16.1% versus a year earlier (3y avg −3.0%). 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 Seoul Semiconductor Co. Ltd (046890)?
Earnings per share at Seoul Semiconductor Co. Ltd are growing +52.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Seoul Semiconductor Co. Ltd (046890) carry?
The net debt of Seoul Semiconductor Co. Ltd is 75.6B KRW (fiscal year 2025, ≈ 1.9 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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Some data
Nov 5, 2026