MiCo Ltd (059090) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of MiCo Ltd stock KRW 21,106, price KRW 18,600, upside +13.5%, quality 35 out of 100. Rating: undervalued. Calculated from audited financials with 16 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 7, 2026.
How to read this chart
60‑month range 6,016 KRW – 27,900 KRW · fair‑value band 13,350 KRW – 28,862 KRW · the 18,600 KRW price screens below the 21,106 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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MiCo Ltd., an engineering company, produces and sells ceramic materials and components in South Korea and internationally.
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The company offers heater granule powder, ESC granule powder, and parts granule powder, as well as alumina, YAG, and aluminium nitride powders, which are used in manufacturing and coating parts for semi-conductor equipment for display equipment, and cells for solid oxide fuel cell systems.
It provides polyimide ESC, APS coating ESC, and ceramic ESC for display, semiconductor, and LED/LCD applications, as well as repair services; and solid oxide fuel cells. MiCo Ltd. was formerly known as KoMiCo Ltd. and changed its name to MiCo Ltd. in 2013.
The company was founded in 1996 and is headquartered in Anseong-si, South Korea.
Stock analysis
MiCo Ltd (059090) currently trades at 18,600 KRW, while our model-based Fair Value estimate is 21,106 KRW, implying the stock looks roughly 12% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 28,910 KRW per share, and 5 of the 16 models we run sit above the 18,600 KRW price.
Bear case: the Economic Profit group reads lowest at 6,328 KRW, and 11 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 13,350 KRW (bear) to 28,862 KRW (bull), the price of 18,600 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 35/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
MiCo Ltd reported revenue of 977B KRW in FY2025 versus 365B KRW in FY2021, a compound +27.9%/yr. Reported net income was 29.5B KRW in FY2025.
Key figures
Market cap 585B KRW (≈ $432M) Small · P/E ratio 42.8 · P/S ratio 0.58 · EPS (TTM) 512.82 KRW · Dividend yield 1.3% · Net margin 1.4% · Return on equity 6.5% · Return on assets (EBIT) 6.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 56% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 13%, 059090 screens cheaper than that median.
Fair Value models
Bear13,350 KRWFair Value 21,106 KRWBull28,862 KRW
Price 18,600 KRW · Upside +13.5%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (439.76 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.
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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+80.8%
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.
+33.0%
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.
+28.3%
Start year 2020 (pandemic). Over 10 years: +23.2% a year
Revenue growth 20 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.
+13.9%
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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.
+25.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.9%
Dividend (yield on the price)1.3%
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.23.9% vs 34.6%, 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.15% → 11%
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.Semiconductor Equipment & Materials · 235 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.
Cite: Fair Value Calculator (2026). "MiCo Ltd Fair Value". https://www.fairvalue-calculator.com/stock/059090
Frequently asked questions
Is MiCo Ltd (059090) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 21,106 KRW versus a price of 18,600 KRW, about +13% upside (undervalued).
What is the fair value of 059090?
Our model-based fair value for MiCo Ltd is 21,106 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 18,600 KRW.
What is the quality score of 059090?
MiCo Ltd has a Quality Score of 35/100. 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 MiCo Ltd (059090)?
Our model-based price target is the fair value of 21,106 KRW (as of Nov 7, 2026) from 16 valuation models. Cautious scenario 13,350 KRW, optimistic scenario 28,862 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the MiCo Ltd stock forecast for 2026?
Our models put fair value at 21,106 KRW, about +13% upside versus a price of 18,600 KRW (undervalued). Cautious scenario 13,350 KRW, optimistic scenario 28,862 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of MiCo Ltd (059090)?
MiCo Ltd reported trailing-twelve-month revenue of about 1.2T KRW (latest available figure, as of Nov 7, 2026).
Does MiCo Ltd pay a dividend?
MiCo Ltd currently shows a dividend yield of 1.33% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of MiCo Ltd (059090)?
MiCo Ltd has a dividend yield of 1.3%.
What is the intrinsic value of MiCo Ltd (059090)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MiCo Ltd it is 21,106 KRW per share (as of Nov 7, 2026), against a price of 18,600 KRW. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is MiCo Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 059090 trades below its calculated fair value: price 18,600 KRW, fair value 21,106 KRW, a gap of about +13% (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 059090?
No. The price is what the market pays today (18,600 KRW); the fair value is what the company's own numbers justify (21,106 KRW). For MiCo Ltd the two are 2,506 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is MiCo Ltd worth?
The market values MiCo Ltd at about 585B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 18,600 KRW; our models calculate a fair value of 21,106 KRW per share.
What do the bullish and bearish scenarios say about 059090?
Our models span a range for MiCo Ltd: cautious scenario 13,350 KRW, base 21,106 KRW, optimistic 28,862 KRW per share (as of Nov 7, 2026, price 18,600 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 059090?
MiCo Ltd trades at a price-to-earnings ratio of 42.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 21,106 KRW is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings: 14.3. Other multiples: P/B 5.1, P/S 1.3, EV/EBITDA 13.6.
How solid is the balance sheet of MiCo Ltd (059090)?
Balance-sheet figures for MiCo Ltd (as of Nov 7, 2026): return on equity 6.5%, debt of 4.87 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is 059090 from its 52-week high?
MiCo Ltd trades at 18,600 KRW, about 33% below its 52-week high of 27,900 KRW and 56% above the low of 11,910 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 21,106 KRW is for.
Which stocks are comparable to MiCo Ltd?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, 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 MiCo Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 18,600 KRW, calculated fair value 21,106 KRW (+13%), Quality Score 35/100, from 16 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 059090 calculated?
We run MiCo Ltd through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 21,106 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. MiCo Ltd currently trades 12% 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 MiCo Ltd (059090)?
The closing price on Nov 6, 2026 was 18,600 KRW. Our model-based fair value is 21,106 KRW, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MiCo Ltd right now?
A fairly wide model range (13,350 KRW to 28,862 KRW) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of MiCo Ltd
How large is the market capitalisation of MiCo Ltd (059090)?
The market capitalisation of MiCo Ltd is 585B KRW (≈ $432M). 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 MiCo Ltd (059090)?
The price-to-sales ratio of MiCo Ltd is 0.58 (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 MiCo Ltd (059090)?
Earnings per share at MiCo Ltd are 512.82 KRW (price ÷ EPS = P/E 42.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MiCo Ltd (059090)?
The dividend yield of MiCo Ltd is 1.3% (payout 48.3%). 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 MiCo Ltd (059090)?
The net margin of MiCo Ltd is 1.4% (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 MiCo Ltd (059090)?
The return on equity (ROE) of MiCo Ltd is 6.5% (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 MiCo Ltd (059090)?
On an EBIT basis the return on assets of MiCo Ltd is 6.1% (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 MiCo Ltd (059090)?
The operating margin of MiCo Ltd is 5.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MiCo Ltd (059090)?
Revenue at MiCo Ltd is growing +40.5% versus a year earlier (3y avg +33.0%). 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 MiCo Ltd (059090)?
Earnings per share at MiCo Ltd are growing +671% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MiCo Ltd (059090) generate?
The free cash flow of MiCo Ltd is −300B 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 MiCo Ltd (059090) carry?
The net debt of MiCo Ltd is 794B 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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Nov 7, 2026