FNS TECH. Co., Ltd (083500) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of FNS TECH. Co., Ltd stock KRW 16,090, price KRW 10,080, upside +59.6%, quality 60 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 6,291 KRW – 23,200 KRW · fair‑value band 10,688 KRW – 22,762 KRW · the 10,080 KRW price screens below the 16,090 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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FNS TECH. Co., Ltd manufactures and sells process equipment for OLED products worldwide.
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It offers cleaner, a device, which removes natural oxide film, ion, organic matters, metal, and impurities on substrates; stripper, a device, which removes photo-resist after the etching process; developer and etcher products.
The company also provides GSM, a device that slim down the thickness of LCD glass; coater, a device that coats photo-resist in uniform thickness; vertical process system, a glass transfer system; roll to roll wet process equipment used in FPD manufacturing; and UV lamps for the removal of TOC and bacterial sterilization existing in the DI and water.
In addition, the company offers chemical mecanical polishing pads, a chemical mechanical polishing for flattening the uneven part of wafer, as well as provides OLED mask cleaning services. FNS TECH. Co., Ltd was founded in 2002 and is headquartered in Cheonan-si, South Korea.
Stock analysis
FNS TECH. Co., Ltd (083500) currently trades at 10,080 KRW, while our model-based Fair Value estimate is 16,090 KRW, implying the stock looks roughly 37% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 32,726 KRW per share, and 18 of the 26 models we run sit above the 10,080 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,918 KRW, and 8 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 10,688 KRW (bear) to 22,762 KRW (bull), the price of 10,080 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 60/100 (solid quality), in the Technology sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
FNS TECH. Co., Ltd reported revenue of 73.7B KRW in FY2025 versus 67.6B KRW in FY2022, a compound +2.9%/yr. Reported net income was 8.7B KRW in FY2025, compounding +21.9%/yr from FY2022.
Key figures
Market cap 83.3B KRW (≈ $61.6M) Micro · P/E ratio 10.9 · P/S ratio 1.44 · EPS (TTM) 1,179 KRW · Dividend yield 3.4% · Net margin 16.1% · Return on equity 12.5% · Return on assets (EBIT) 6.0% (4-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 57% below its 52-week high and 3% 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%, 083500 screens cheaper than that median.
Fair Value models
Bear10,688 KRWFair Value 16,090 KRWBull22,762 KRW
Price 10,080 KRW · Upside +59.6%
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 (719.57 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.
Best data coverage
FCF DCF8,381 KRW10,235 KRW12,453 KRW79
Growth DCF8,373 KRW9,968 KRW11,761 KRW77
Owner Earnings7,459 KRW8,989 KRW10,819 KRW75
All 26 models by family
DCF Models
FCF DCF8,381 KRW10,235 KRW12,453 KRW79
Owner Earnings7,459 KRW8,989 KRW10,819 KRW75
5Y Revenue Exit11,564 KRW17,038 KRW24,051 KRW70
5Y EBITDA Exit16,823 KRW26,850 KRW38,609 KRW72
5Y P/E Exit16,405 KRW26,071 KRW36,242 KRW68
10Y Revenue Exit9,710 KRW13,677 KRW19,013 KRW64
10Y EBITDA Exit12,657 KRW19,167 KRW27,952 KRW65
10Y P/E Exit12,442 KRW18,731 KRW26,499 KRW61
Earnings-Based
Graham-Dodd7,489 KRW23,324 KRW31,022 KRW62
Lynch FV5,073 KRW7,247 KRW9,421 KRW58
PEG = 1.05,073 KRW7,247 KRW9,421 KRW55
EPV9,883 KRW10,619 KRW11,205 KRW71
Dividend Discount
Gordon GGM1,253 KRW1,997 KRW2,502 KRW66
DDM Multi-Stage1,253 KRW1,838 KRW2,157 KRW65
Multiples
P/E Multiple23,127 KRW30,836 KRW38,546 KRW63
P/S Multiple14,042 KRW18,722 KRW23,403 KRW58
P/B Multiple40,661 KRW54,214 KRW67,768 KRW55
EV/EBIT26,739 KRW34,615 KRW42,491 KRW66
EV/EBITDA27,127 KRW35,133 KRW43,139 KRW67
EV/Revenue15,055 KRW20,175 KRW25,295 KRW54
Asset-Based
NCAV (Graham)1,479 KRW2,240 KRW2,801 KRW54
Growth DCF
Growth DCF8,373 KRW9,968 KRW11,761 KRW77
Rev-Margin DCF11,564 KRW16,992 KRW23,194 KRW70
Economic Profit
Residual Income8,251 KRW8,687 KRW9,675 KRW73
ROIC Compounder9,883 KRW10,619 KRW11,552 KRW69
Growth Earnings
Growth-Adj P/E18,620 KRW26,600 KRW34,580 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 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
What shareholders gained per year (last 3 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 3 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.
+49.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+45.6%
Dividend (yield on the price)3.4%
Profit margin 2022 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.9% → 14%
2025 sits 85% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
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).
+13.1%
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 +10.8% 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.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.
Is FNS TECH. Co., Ltd (083500) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 16,090 KRW versus a price of 10,080 KRW, about +60% upside (undervalued).
What is the fair value of 083500?
Our model-based fair value for FNS TECH. Co., Ltd is 16,090 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 10,080 KRW.
What is the quality score of 083500?
FNS TECH. Co., Ltd has a Quality Score of 60/100. 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 FNS TECH. Co., Ltd (083500)?
Our model-based price target is the fair value of 16,090 KRW (as of Nov 9, 2026) from 26 valuation models. Cautious scenario 10,688 KRW, optimistic scenario 22,762 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the FNS TECH. Co., Ltd stock forecast for 2026?
Our models put fair value at 16,090 KRW, about +60% upside versus a price of 10,080 KRW (undervalued). Cautious scenario 10,688 KRW, optimistic scenario 22,762 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of FNS TECH. Co., Ltd (083500)?
FNS TECH. Co., Ltd reported trailing-twelve-month revenue of about 57.7B KRW (latest available figure, as of Nov 9, 2026).
Does FNS TECH. Co., Ltd pay a dividend?
FNS TECH. Co., Ltd currently shows a dividend yield of 3.37% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of FNS TECH. Co., Ltd (083500) and when is the ex-dividend date?
FNS TECH. Co., Ltd pays a dividend of 340.00 KRW per share a year, a dividend yield of 3.4%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2020. The payout ratio is 28.8% of earnings. Free cash flow covers the dividend 1.67 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into FNS TECH. Co., Ltd (083500)?
For today's price to be fair in a discounted-cash-flow model, FNS TECH. Co., Ltd would have to grow free cash flow by +13.1 % per year for five years (discount rate 13.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +2.9 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 083500 use?
Our models discount FNS TECH. 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 FNS TECH. Co., Ltd that is +13.1 % 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 FNS TECH. Co., Ltd (083500) delivered so far?
Over the past 3 years revenue at FNS TECH. Co., Ltd grew +2.9 % a year. The price currently implies free-cash-flow growth of +13.1 % 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 FNS TECH. Co., Ltd (083500) growing?
The median revenue growth in the sector is +16.8 % a year. That is the yardstick for the growth priced into FNS TECH. Co., Ltd (+13.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of FNS TECH. Co., Ltd (083500)?
The free-cash-flow yield on the price is 5.74 %: that much free cash flow FNS TECH. 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 FNS TECH. Co., Ltd (083500)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FNS TECH. Co., Ltd it is 16,090 KRW per share (as of Nov 9, 2026), against a price of 10,080 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 FNS TECH. Co., Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 083500 trades below its calculated fair value: price 10,080 KRW, fair value 16,090 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 083500?
No. The price is what the market pays today (10,080 KRW); the fair value is what the company's own numbers justify (16,090 KRW). For FNS TECH. Co., Ltd the two are 6,010 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is FNS TECH. Co., Ltd worth?
The market values FNS TECH. Co., Ltd at about 83.3B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 10,080 KRW; our models calculate a fair value of 16,090 KRW per share.
What do the bullish and bearish scenarios say about 083500?
Our models span a range for FNS TECH. Co., Ltd: cautious scenario 10,688 KRW, base 16,090 KRW, optimistic 22,762 KRW per share (as of Nov 9, 2026, price 10,080 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 083500?
FNS TECH. Co., Ltd trades at a price-to-earnings ratio of 10.9 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 16,090 KRW is built from several models across several years. Other multiples: P/B 1.0, P/S 1.4, EV/EBITDA 3.7.
How solid is the balance sheet of FNS TECH. Co., Ltd (083500)?
Balance-sheet figures for FNS TECH. Co., Ltd (as of Nov 9, 2026): return on equity 12.5%, debt of 0.06 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 083500 from its 52-week high?
FNS TECH. Co., Ltd trades at 10,080 KRW, about 57% below its 52-week high of 23,200 KRW and 3% above the low of 9,800 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 16,090 KRW is for.
Which stocks are comparable to FNS TECH. Co., 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 FNS TECH. Co., Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 10,080 KRW, calculated fair value 16,090 KRW (+60%), Quality Score 60/100, 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 083500 calculated?
We run FNS TECH. Co., Ltd 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 16,090 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. FNS TECH. Co., Ltd 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 FNS TECH. Co., Ltd (083500)?
The closing price on Nov 6, 2026 was 10,080 KRW. Our model-based fair value is 16,090 KRW, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FNS TECH. Co., Ltd right now?
The price is below even our cautious bear case (10,688 KRW). The market is more pessimistic than our downside scenario. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (10,688 KRW to 22,762 KRW) leaves room in how you read the outcome.
Key figures of FNS TECH. Co., Ltd
How large is the market capitalisation of FNS TECH. Co., Ltd (083500)?
The market capitalisation of FNS TECH. Co., Ltd is 83.3B KRW (≈ $61.6M). 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 FNS TECH. Co., Ltd (083500)?
The price-to-sales ratio of FNS TECH. Co., Ltd is 1.44 (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 FNS TECH. Co., Ltd (083500)?
Earnings per share at FNS TECH. Co., Ltd are 1,179 KRW (price ÷ EPS = P/E 10.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FNS TECH. Co., Ltd (083500)?
The dividend yield of FNS TECH. Co., Ltd is 3.4% (payout 28.8%). 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 FNS TECH. Co., Ltd (083500)?
The net margin of FNS TECH. Co., Ltd is 16.1% (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 FNS TECH. Co., Ltd (083500)?
The return on equity (ROE) of FNS TECH. Co., Ltd is 12.5% (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 FNS TECH. Co., Ltd (083500)?
On an EBIT basis the return on assets of FNS TECH. Co., Ltd is 6.0% (avg 4y). 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 FNS TECH. Co., Ltd (083500)?
The operating margin of FNS TECH. Co., Ltd is 26.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FNS TECH. Co., Ltd (083500)?
Revenue at FNS TECH. Co., Ltd is growing −53.0% versus a year earlier (3y avg +2.9%). 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 FNS TECH. Co., Ltd (083500)?
Earnings per share at FNS TECH. Co., Ltd are growing −16.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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Some data
Nov 9, 2026