KMH Hitech Co. Ltd (052900) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of KMH Hitech Co. Ltd stock KRW 2,375, price KRW 926, upside +156.5%, quality 56 out of 100. Rating: strongly undervalued. 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 12, 2026.
How to read this chart
60‑month range 784.00 KRW – 2,270 KRW · fair‑value band 1,776 KRW – 2,969 KRW · the 926.00 KRW price screens below the 2,375 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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Kx Hitech Co.,Ltd provides semiconductor process materials. Its semiconductor process materials include IC-trays, carrier tapes, module-trays, and wafer ring carriers. The company also offers solid state drives (SSDs), such as SSD enclosures and turnkey boxes.
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In addition, it provides exterior cases and packaging materials. The company was formerly known as KMH Hitech Co., Ltd. and changed its name to Kx Hitech Co.,Ltd in June 2022. Kx Hitech Co.,Ltd was founded in 1997 and is based in Asan-si, South Korea.
Stock analysis
KMH Hitech Co. Ltd (052900) currently trades at 926.00 KRW, while our model-based Fair Value estimate is 2,375 KRW, implying the stock looks roughly 61% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 4,567 KRW per share, and 21 of the 23 models we run sit above the 926.00 KRW price.
Bear case: the Asset-Based group reads lowest at 498.26 KRW, and 2 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1,776 KRW (bear) to 2,969 KRW (bull), the price of 926.00 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 56/100 (solid quality), in the Technology sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
KMH Hitech Co. Ltd reported revenue of 126B KRW in FY2025 versus 105B KRW in FY2021, a compound +4.7%/yr. Reported net income was 4.6B KRW in FY2025, compounding −1.1%/yr from FY2021.
Key figures
Market cap 81.7B KRW (≈ $61.4M) Micro · P/S ratio 0.53 · Net margin 6.5% · Return on equity 780% · Return on assets (EBIT) 4.3% (5-year average) · Operating margin 8.3% · Revenue (TTM) 154B KRW · Revenue growth (YoY) +79.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 55% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 2% fair-value upside, at 156%, 052900 screens cheaper than that median.
Fair Value models
Bear1,776 KRWFair Value 2,375 KRWBull2,969 KRW
Price 926.00 KRW · Upside +156.5%
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 DCF4,130 KRW5,073 KRW6,140 KRW80
Growth DCF4,147 KRW4,983 KRW5,884 KRW78
Owner Earnings3,828 KRW4,683 KRW5,650 KRW76
All 23 models by family
DCF Models
FCF DCF4,130 KRW5,073 KRW6,140 KRW80
Owner Earnings3,828 KRW4,683 KRW5,650 KRW76
5Y Revenue Exit2,969 KRW3,537 KRW4,191 KRW72
5Y EBITDA Exit4,248 KRW5,839 KRW7,610 KRW74
5Y P/E Exit3,379 KRW4,275 KRW5,156 KRW70
10Y Revenue Exit3,482 KRW4,045 KRW4,682 KRW66
10Y EBITDA Exit4,154 KRW5,309 KRW6,713 KRW68
10Y P/E Exit3,712 KRW4,450 KRW5,255 KRW63
Earnings-Based
Graham-Dodd671.95 KRW1,720 KRW2,238 KRW63
PEG = 1.0321.65 KRW459.49 KRW597.34 KRW55
EPV1,567 KRW1,641 KRW1,700 KRW74
Multiples
P/E Multiple2,075 KRW2,767 KRW3,459 KRW63
P/S Multiple1,260 KRW1,680 KRW2,100 KRW58
P/B Multiple1,636 KRW2,181 KRW2,726 KRW55
EV/EBIT2,070 KRW2,793 KRW3,516 KRW66
EV/EBITDA3,881 KRW5,208 KRW6,535 KRW67
EV/Revenue996.84 KRW1,467 KRW1,937 KRW53
Asset-Based
NCAV (Graham)328.85 KRW498.26 KRW622.82 KRW54
Growth DCF
Growth DCF4,147 KRW4,983 KRW5,884 KRW78
Rev-Margin DCF2,969 KRW3,610 KRW4,339 KRW72
Economic Profit
Residual Income1,697 KRW1,758 KRW1,899 KRW68
ROIC Compounder1,567 KRW1,641 KRW1,700 KRW70
Growth Earnings
Growth-Adj P/E1,578 KRW2,255 KRW2,931 KRW65
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.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
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.
+11.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.6%
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.11.6% vs 6.6%, 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.10% → 4%
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).
−17.3%
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 −18.9% 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.Semiconductors & Semiconductor Equipment · 54 stocks
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.
Is KMH Hitech Co. Ltd (052900) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of 2,375 KRW versus a price of 926.00 KRW, about +156% upside (undervalued).
What is the fair value of 052900?
Our model-based fair value for KMH Hitech Co. Ltd is 2,375 KRW (as of Nov 12, 2026), built from audited fundamentals. The current price: 926.00 KRW.
What is the quality score of 052900?
KMH Hitech Co. Ltd has a Quality Score of 56/100. 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 KMH Hitech Co. Ltd (052900)?
Our model-based price target is the fair value of 2,375 KRW (as of Nov 12, 2026) from 23 valuation models. Cautious scenario 1,776 KRW, optimistic scenario 2,969 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the KMH Hitech Co. Ltd stock forecast for 2026?
Our models put fair value at 2,375 KRW, about +156% upside versus a price of 926.00 KRW (undervalued). Cautious scenario 1,776 KRW, optimistic scenario 2,969 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of KMH Hitech Co. Ltd (052900)?
KMH Hitech Co. Ltd reported trailing-twelve-month revenue of about 154B KRW (latest available figure, as of Nov 12, 2026).
What growth is priced into KMH Hitech Co. Ltd (052900)?
For today's price to be fair in a discounted-cash-flow model, KMH Hitech Co. Ltd would have to grow free cash flow by -17.3 % per year for five years (discount rate 13.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.1 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of 052900 use?
Our models discount KMH Hitech Co. Ltd at 13.8 %: a base by market capitalisation (micro), damped by beta 1.20, 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 KMH Hitech Co. Ltd that is -17.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.8 %) and the same formula as our fair value.
How much growth has KMH Hitech Co. Ltd (052900) delivered so far?
Over the past 5 years revenue at KMH Hitech Co. Ltd grew +11.1 % a year. The price currently implies free-cash-flow growth of -17.3 % 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 KMH Hitech Co. Ltd (052900) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into KMH Hitech Co. Ltd (-17.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of KMH Hitech Co. Ltd (052900)?
The free-cash-flow yield on the price is 31.58 %: that much free cash flow KMH Hitech Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of KMH Hitech Co. Ltd (052900)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KMH Hitech Co. Ltd it is 2,375 KRW per share (as of Nov 12, 2026), against a price of 926.00 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 KMH Hitech Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 12, 2026, 052900 trades below its calculated fair value: price 926.00 KRW, fair value 2,375 KRW, a gap of about +156% (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 052900?
No. The price is what the market pays today (926.00 KRW); the fair value is what the company's own numbers justify (2,375 KRW). For KMH Hitech Co. Ltd the two are 1,449 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is KMH Hitech Co. Ltd worth?
The market values KMH Hitech Co. Ltd at about 81.7B KRW (market capitalisation, as of Nov 12, 2026). Per share that is 926.00 KRW; our models calculate a fair value of 2,375 KRW per share.
What do the bullish and bearish scenarios say about 052900?
Our models span a range for KMH Hitech Co. Ltd: cautious scenario 1,776 KRW, base 2,375 KRW, optimistic 2,969 KRW per share (as of Nov 12, 2026, price 926.00 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of KMH Hitech Co. Ltd (052900)?
Balance-sheet figures for KMH Hitech Co. Ltd (as of Nov 12, 2026): debt of 0.05 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 052900 from its 52-week high?
KMH Hitech Co. Ltd trades at 926.00 KRW, about 55% below its 52-week high of 2,060 KRW and 13% above the low of 822.00 KRW (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of 2,375 KRW is for.
Which stocks are comparable to KMH Hitech Co. Ltd?
From the same area (Technology) we also value PSK HOLDINGS Inc, ISC Co, TSE Co, Eugene Technology Co, 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 KMH Hitech Co. Ltd stock attractive at the current price?
The data as of Nov 12, 2026: price 926.00 KRW, calculated fair value 2,375 KRW (+156%), Quality Score 56/100, 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 052900 calculated?
We run KMH Hitech Co. Ltd 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 2,375 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 14.0% above its aggregate fair value. KMH Hitech Co. Ltd currently trades 61% 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 KMH Hitech Co. Ltd (052900)?
The closing price on Nov 11, 2026 was 926.00 KRW. Our model-based fair value is 2,375 KRW, about +156% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KMH Hitech Co. Ltd right now?
The price is below even our cautious bear case (1,776 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of KMH Hitech Co. Ltd
How large is the market capitalisation of KMH Hitech Co. Ltd (052900)?
The market capitalisation of KMH Hitech Co. Ltd is 81.7B KRW (≈ $61.4M). 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 KMH Hitech Co. Ltd (052900)?
The price-to-sales ratio of KMH Hitech Co. Ltd is 0.53 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of KMH Hitech Co. Ltd (052900)?
The net margin of KMH Hitech Co. Ltd is 6.5% (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 KMH Hitech Co. Ltd (052900)?
The return on equity (ROE) of KMH Hitech Co. Ltd is 780% (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 KMH Hitech Co. Ltd (052900)?
On an EBIT basis the return on assets of KMH Hitech Co. Ltd is 4.3% (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 KMH Hitech Co. Ltd (052900)?
The operating margin of KMH Hitech Co. Ltd is 8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KMH Hitech Co. Ltd (052900)?
Revenue at KMH Hitech Co. Ltd is growing +79.2% versus a year earlier (3y avg −6.9%). 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 KMH Hitech Co. Ltd (052900)?
Earnings per share at KMH Hitech Co. Ltd are growing −36.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does KMH Hitech Co. Ltd (052900) carry?
The net debt of KMH Hitech Co. Ltd is 4.6B KRW (fiscal year 2024, ≈ 0.3 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 12, 2026