ESTec Corporation (069510) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of ESTec Corporation stock KRW 22,819, price KRW 14,340, upside +59.1%, quality 64 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 9, 2026.
How to read this chart
60‑month range 5,029 KRW – 18,043 KRW · fair‑value band 15,922 KRW – 28,698 KRW · the 14,340 KRW price screens below the 22,819 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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ESTec Corporation manufactures and sells automotive speakers in South Korea and internationally. It also offers TV/display and audio speakers, and earphones and headphones for automobiles, TVs, and home audio systems. The company was founded in 1971 and is headquartered in Yangsan-si, South Korea.
Stock analysis
ESTec Corporation (069510) currently trades at 14,340 KRW, while our model-based Fair Value estimate is 22,819 KRW, implying the stock looks roughly 37% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 96,409 KRW per share, and 24 of the 26 models we run sit above the 14,340 KRW price.
Bear case: the Dividend Discount group reads lowest at 9,276 KRW, and 2 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 15,922 KRW (bear) to 28,698 KRW (bull), the price of 14,340 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 64/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
ESTec Corporation reported revenue of 468B KRW in FY2025 versus 331B KRW in FY2021, a compound +9.1%/yr. Reported net income was 41.6B KRW in FY2025.
Key figures
Market cap 121B KRW (≈ $89.2M) Micro · P/S ratio 0.27 · Dividend yield 5.7% · Net margin −5.7% · Return on equity 2,596% · Return on assets (EBIT) 3.7% (5-year average) · Operating margin −8.9% · Revenue (TTM) 441B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 27% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 15% fair-value upside, at 59%, 069510 screens cheaper than that median.
Fair Value models
Bear15,922 KRWFair Value 22,819 KRWBull28,698 KRW
Price 14,340 KRW · Upside +59.1%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 DCF45,204 KRW57,268 KRW72,294 KRW82
Growth DCF45,219 KRW55,595 KRW67,719 KRW80
Owner Earnings42,932 KRW54,113 KRW68,038 KRW78
All 26 models by family
DCF Models
FCF DCF45,204 KRW57,268 KRW72,294 KRW82
Owner Earnings42,932 KRW54,113 KRW68,038 KRW78
5Y Revenue Exit52,554 KRW75,701 KRW105,220 KRW73
5Y EBITDA Exit56,560 KRW83,199 KRW114,199 KRW75
5Y P/E Exit68,134 KRW104,860 KRW143,490 KRW71
10Y Revenue Exit47,746 KRW65,900 KRW90,162 KRW67
10Y EBITDA Exit50,949 KRW70,318 KRW95,977 KRW69
10Y P/E Exit57,223 KRW83,084 KRW114,946 KRW64
Earnings-Based
Graham-Dodd33,655 KRW106,076 KRW141,253 KRW64
Lynch FV23,246 KRW33,209 KRW43,172 KRW61
PEG = 1.023,246 KRW33,209 KRW43,172 KRW57
EPV48,807 KRW52,906 KRW56,225 KRW74
Dividend Discount
Gordon GGM5,854 KRW9,738 KRW12,574 KRW68
DDM Multi-Stage5,854 KRW8,815 KRW10,482 KRW67
Multiples
P/E Multiple81,662 KRW108,882 KRW136,103 KRW63
P/S Multiple50,104 KRW66,805 KRW83,506 KRW58
P/B Multiple12,574 KRW16,765 KRW20,957 KRW55
EV/EBIT71,238 KRW95,753 KRW120,269 KRW66
EV/EBITDA55,911 KRW75,317 KRW94,724 KRW67
EV/Revenue44,456 KRW64,497 KRW84,539 KRW53
Asset-Based
NCAV (Graham)14,486 KRW21,949 KRW27,436 KRW54
Growth DCF
Growth DCF45,219 KRW55,595 KRW67,719 KRW80
Rev-Margin DCF52,554 KRW75,684 KRW102,294 KRW73
Economic Profit
Residual Income26,819 KRW32,595 KRW44,205 KRW76
ROIC Compounder50,476 KRW56,710 KRW62,998 KRW72
Growth Earnings
Growth-Adj P/E67,486 KRW96,409 KRW125,332 KRW67
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.71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−8.1%
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.
+0.0%
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.
+8.4%
Start year 2020 (pandemic). Over 10 years: +5.7% a year
Revenue growth 22 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.
+7.7%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+44.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+39.1%
Dividend (yield on the price)5.7%
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.23.1% vs 11.1%, 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.4% → 10%
2025 sits 92% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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.Automobiles & Auto Parts · 15 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+59.1% · Top 25%
Profitability
Return on assets12.1% · Top 25%
Net margin (12 months)8.9% · Top 25%
Operating margin (12 months)−8.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)76.6% · Top 25%
Dividend yield (12 months)5.7% · Top 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Automobiles & Auto Parts median · lower = cheaper
P/B0.51× · Pricier than median
P/S (12 months)0.27× · Pricier than median
Price / free cash flow (fiscal year)3.9× · Cheaper than median
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). "ESTec Corporation Fair Value". https://www.fairvalue-calculator.com/stock/069510
Frequently asked questions
Is ESTec Corporation (069510) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 22,819 KRW versus a price of 14,340 KRW, about +59% upside (undervalued).
What is the fair value of 069510?
Our model-based fair value for ESTec Corporation is 22,819 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 14,340 KRW.
What is the quality score of 069510?
ESTec Corporation has a Quality Score of 64/100. 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 ESTec Corporation (069510)?
Our model-based price target is the fair value of 22,819 KRW (as of Nov 9, 2026) from 26 valuation models. Cautious scenario 15,922 KRW, optimistic scenario 28,698 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the ESTec Corporation stock forecast for 2026?
Our models put fair value at 22,819 KRW, about +59% upside versus a price of 14,340 KRW (undervalued). Cautious scenario 15,922 KRW, optimistic scenario 28,698 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of ESTec Corporation (069510)?
ESTec Corporation reported trailing-twelve-month revenue of about 441B KRW (latest available figure, as of Nov 9, 2026).
Does ESTec Corporation pay a dividend?
ESTec Corporation currently shows a dividend yield of 5.70% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of ESTec Corporation (069510)?
ESTec Corporation has a dividend yield of 5.7%. A dividend has been paid every year since 2005. Our assessment: Safety not assessed. Payout ratio and cash coverage are not available, so we do not judge how safe this dividend is.
What growth is priced into ESTec Corporation (069510)?
For today's price to be fair in a discounted-cash-flow model, ESTec Corporation would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.4 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 069510 use?
Our models discount ESTec Corporation at 12.7 %: a base by market capitalisation (micro), damped by beta 0.86, 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 ESTec Corporation that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has ESTec Corporation (069510) delivered so far?
Over the past 5 years revenue at ESTec Corporation grew +8.4 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 ESTec Corporation (069510) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into ESTec Corporation (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ESTec Corporation (069510)?
The free-cash-flow yield on the price is 25.74 %: that much free cash flow ESTec Corporation produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ESTec Corporation (069510)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ESTec Corporation it is 22,819 KRW per share (as of Nov 9, 2026), against a price of 14,340 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is ESTec Corporation stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 069510 trades below its calculated fair value: price 14,340 KRW, fair value 22,819 KRW, a gap of about +59% (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 069510?
No. The price is what the market pays today (14,340 KRW); the fair value is what the company's own numbers justify (22,819 KRW). For ESTec Corporation the two are 8,479 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is ESTec Corporation worth?
The market values ESTec Corporation at about 121B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 14,340 KRW; our models calculate a fair value of 22,819 KRW per share.
What do the bullish and bearish scenarios say about 069510?
Our models span a range for ESTec Corporation: cautious scenario 15,922 KRW, base 22,819 KRW, optimistic 28,698 KRW per share (as of Nov 9, 2026, price 14,340 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ESTec Corporation (069510)?
Balance-sheet figures for ESTec Corporation (as of Nov 9, 2026): debt of 0.01 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 069510 from its 52-week high?
ESTec Corporation trades at 14,340 KRW, about 12% below its 52-week high of 16,310 KRW and 27% above the low of 11,330 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 22,819 KRW is for.
Which stocks are comparable to ESTec Corporation?
From the same area (Consumer Cyclical) we also value ML, GTCAP, Hwashin Precision Engineering Co, Sambo Motors 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 ESTec Corporation stock attractive at the current price?
The data as of Nov 9, 2026: price 14,340 KRW, calculated fair value 22,819 KRW (+59%), Quality Score 64/100, from 26 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 069510 calculated?
We run ESTec Corporation through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 22,819 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. ESTec Corporation currently trades 37% 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 ESTec Corporation (069510)?
The closing price on Nov 6, 2026 was 14,340 KRW. Our model-based fair value is 22,819 KRW, about +59% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ESTec Corporation right now?
The price is below even our cautious bear case (15,922 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 (64/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (15,922 KRW to 28,698 KRW) leaves room in how you read the outcome.
Key figures of ESTec Corporation
How large is the market capitalisation of ESTec Corporation (069510)?
The market capitalisation of ESTec Corporation is 121B KRW (≈ $89.2M). 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 ESTec Corporation (069510)?
The price-to-sales ratio of ESTec Corporation is 0.27 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of ESTec Corporation (069510)?
The dividend yield of ESTec Corporation is 5.7%. 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 ESTec Corporation (069510)?
The net margin of ESTec Corporation is −5.7% (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 ESTec Corporation (069510)?
The return on equity (ROE) of ESTec Corporation is 2,596% (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 ESTec Corporation (069510)?
On an EBIT basis the return on assets of ESTec Corporation is 3.7% (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 ESTec Corporation (069510)?
The operating margin of ESTec Corporation is −8.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ESTec Corporation (069510)?
Revenue at ESTec Corporation is growing +76.6% versus a year earlier (3y avg 0.0%). 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 ESTec Corporation (069510)?
Earnings per share at ESTec Corporation are growing +15.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ESTec Corporation (069510) carry?
The net debt of ESTec Corporation is 19.4B KRW (fiscal year 2021, ≈ 0.6 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 9, 2026