Innox Corporation (088390) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Innox Corporation stock KRW 15,498, price KRW 5,760, upside +169.1%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 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 11, 2026.
How to read this chart
60‑month range 5,520 KRW – 53,300 KRW · fair‑value band 11,024 KRW – 19,973 KRW · the 5,760 KRW price screens below the 15,498 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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Innox Corporation provides IT materials in South Korea. The company offers circuit materials, semiconductor materials, and OLED materials.
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It also provides sports/leisure bicycles, household bicycles, electric bicycles, bicycle parts, bike ware; and management consulting services, as well as silicon powder. The company was formerly known as Saehan Micronics Inc. and changed its name to Innox Corporation in March 2005.
Innox Corporation was founded in 2001 and is headquartered in Asan, South Korea.
Stock analysis
Innox Corporation (088390) currently trades at 5,760 KRW, while our model-based Fair Value estimate is 15,498 KRW, implying the stock looks roughly 63% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 52,001 KRW per share, and 13 of the 13 models we run sit above the 5,760 KRW price.
Bear case: the Asset-Based group reads lowest at 12,425 KRW, and 0 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 11,024 KRW (bear) to 19,973 KRW (bull), the price of 5,760 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 55/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Innox Corporation reported revenue of 59.1B KRW in FY2025 versus 75.1B KRW in FY2021, a compound −5.8%/yr. Reported net income was 23.2B KRW in FY2025, compounding −18.4%/yr from FY2021.
Key figures
Market cap 54.1B KRW (≈ $40.5M) Micro · P/S ratio 0.61 · Net margin 63.5% · Return on equity −921% · Return on assets (EBIT) 3.5% (5-year average) · Operating margin 33.4% · Revenue (TTM) 88.0B KRW · Revenue growth (YoY) +28.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 79 out of 100 (low confidence).
What moves the price
The share trades about 66% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 0% fair-value upside, at 169%, 088390 screens cheaper than that median.
Fair Value models
Bear11,024 KRWFair Value 15,498 KRWBull19,973 KRW
Price 5,760 KRW · Upside +169.1%
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.
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.34/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+5.2%
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.
−9.8%
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.
+1.7%
Start year 2020 (pandemic). Over 10 years: −12.0% a year
Revenue growth 14 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.
−4.7%
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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.
−6.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.0%
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.−6.0% vs −0.3%, 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.20% → 11%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 10.8%/yr over ~8Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Leisure Products” was too small, so the broader sector is used.)Information Technology · 3951 stocks
Beats the sector median on 10/10 measures
Overall it ranks above its sector peers.
Valuation
Quality Score55 · Above median
Fair Value upside+169.1% · Top 25%
Profitability
Return on assets7.2% · Top 25%
Net margin (12 months)63.5% · Top 25%
Operating margin (12 months)33.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)28.5% · Above median
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Information Technology median · lower = cheaper
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). "Innox Corporation Fair Value". https://www.fairvalue-calculator.com/stock/088390
Frequently asked questions
Is Innox Corporation (088390) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of 15,498 KRW versus a price of 5,760 KRW, about +169% upside (undervalued).
What is the fair value of 088390?
Our model-based fair value for Innox Corporation is 15,498 KRW (as of Nov 11, 2026), built from audited fundamentals. The current price: 5,760 KRW.
What is the quality score of 088390?
Innox Corporation has a Quality Score of 55/100. 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 Innox Corporation (088390)?
Our model-based price target is the fair value of 15,498 KRW (as of Nov 11, 2026) from 13 valuation models. Cautious scenario 11,024 KRW, optimistic scenario 19,973 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Innox Corporation stock forecast for 2026?
Our models put fair value at 15,498 KRW, about +169% upside versus a price of 5,760 KRW (undervalued). Cautious scenario 11,024 KRW, optimistic scenario 19,973 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Innox Corporation (088390)?
Innox Corporation reported trailing-twelve-month revenue of about 88.0B KRW (latest available figure, as of Nov 11, 2026).
What is the intrinsic value of Innox Corporation (088390)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Innox Corporation it is 15,498 KRW per share (as of Nov 11, 2026), against a price of 5,760 KRW. It is the blended result of 13 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Innox Corporation stock overvalued or undervalued in 2026?
As of Nov 11, 2026, 088390 trades below its calculated fair value: price 5,760 KRW, fair value 15,498 KRW, a gap of about +169% (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 088390?
No. The price is what the market pays today (5,760 KRW); the fair value is what the company's own numbers justify (15,498 KRW). For Innox Corporation the two are 9,738 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Innox Corporation worth?
The market values Innox Corporation at about 54.1B KRW (market capitalisation, as of Nov 11, 2026). Per share that is 5,760 KRW; our models calculate a fair value of 15,498 KRW per share.
What do the bullish and bearish scenarios say about 088390?
Our models span a range for Innox Corporation: cautious scenario 11,024 KRW, base 15,498 KRW, optimistic 19,973 KRW per share (as of Nov 11, 2026, price 5,760 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Innox Corporation (088390)?
Balance-sheet figures for Innox Corporation (as of Nov 11, 2026): debt of 0.05 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 088390 from its 52-week high?
Innox Corporation trades at 5,760 KRW, about 66% below its 52-week high of 16,850 KRW and 4% above the low of 5,520 KRW (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 15,498 KRW is for.
Which stocks are comparable to Innox Corporation?
From the same area (Consumer Cyclical) we also value GOLFZON NEWDIN HOLDINGS Co, Aurora World Corporation, ES Cube Co, SONOKONG 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 Innox Corporation stock attractive at the current price?
The data as of Nov 11, 2026: price 5,760 KRW, calculated fair value 15,498 KRW (+169%), Quality Score 55/100, from 13 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 088390 calculated?
We run Innox Corporation through 13 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 15,498 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 15.1% above its aggregate fair value. Innox Corporation currently trades 63% 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 Innox Corporation (088390)?
The closing price on Nov 10, 2026 was 5,760 KRW. Our model-based fair value is 15,498 KRW, about +169% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Innox Corporation right now?
The price is below even our cautious bear case (11,024 KRW). The market is more pessimistic than our downside scenario. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (11,024 KRW to 19,973 KRW) leaves room in how you read the outcome.
Key figures of Innox Corporation
How large is the market capitalisation of Innox Corporation (088390)?
The market capitalisation of Innox Corporation is 54.1B KRW (≈ $40.5M). 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 Innox Corporation (088390)?
The price-to-sales ratio of Innox Corporation is 0.61 (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 Innox Corporation (088390)?
The net margin of Innox Corporation is 63.5% (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 Innox Corporation (088390)?
The return on equity (ROE) of Innox Corporation is −921% (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 Innox Corporation (088390)?
On an EBIT basis the return on assets of Innox Corporation is 3.5% (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 Innox Corporation (088390)?
The operating margin of Innox Corporation is 33.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Innox Corporation (088390)?
Revenue at Innox Corporation is growing +28.5% versus a year earlier (3y avg −9.8%). 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 Innox Corporation (088390)?
Earnings per share at Innox Corporation are growing +13.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Innox Corporation (088390) generate?
The free cash flow of Innox Corporation is −12.5B 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 Innox Corporation (088390) carry?
The net debt of Innox Corporation is 22.4B 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 11, 2026