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The E&M Co. Ltd (089230) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of The E&M Co. Ltd stock KRW 1,408, price KRW 2,220, that is 36.6% below the price, quality 21 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Technology KR · ISIN KR7089230007

TE The E&M Co. Ltd logo Thin data Nov 10, 2026

The E&M Co. Ltd

089230 · KQ
Very expensive, weak quality

Our calculation puts a fair price 37% below what the stock costs today.

Low debt
Fair value 1,408 KRW · Strongly overvalued
Quality 21/100
Weak Growth (revenue 5y −27.3 %/yr in KRW)
Loss-making · -16.1% net margin (TTM)
Negative free cash flow
Trails peers (1/10)
Narrow moat 11/100 · thin data
Thin data
Estimate
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

12,950 KRW 720.00 KRW Fair Value 1,408 KRW May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range 720.00 KRW – 12,950 KRW · fair‑value band 1,056 KRW – 1,760 KRW · the 2,220 KRW price screens above the 1,408 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

The E&M Co., Ltd. operates as an entertainment and media company worldwide.

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The company offers Popcorn TV, a media platform for personal broadcast; CELUV TV, a live broadcast for celebs; and Celebrity TV, a real-time broadcasting platform where various celebrities interact and communicate with their viewers.

It also provides POPKON MALL that offers live shopping broadcasting service, as well as marketers recruitment and reward systems. The company was formerly known as Yonghyun Base Materials Co., Ltd. and changed its name to The E&M Co., Ltd. in July 2016.

The E&M Co., Ltd. was founded in 2002 and is based in Seoul, South Korea.

Stock analysis

The E&M Co. Ltd (089230) currently trades at 2,220 KRW, while our estimate is 1,408 KRW, 37% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: 1,056 KRW (bear) to 1,760 KRW (bull), the price of 2,220 KRW sits above 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 21/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

The E&M Co. Ltd reported revenue of 12.3B KRW in FY2025 versus 53.9B KRW in FY2021, a compound −30.8%/yr. Reported net income was −19.9B KRW in FY2025.

Key figures

Market cap 98.2B KRW (≈ $73.6M) Micro · P/S ratio 1.91 · Net margin −16.1% · Return on equity −4,321% · Return on assets (EBIT) −13.4% (5-year average) · Operating margin −3.1% · Revenue growth (YoY) −3.6% · EPS growth (YoY) +59.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 11 out of 100 (low confidence).

What moves the price

The share trades about 49% below its 52-week high and 152% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −2% fair-value upside, at −37%, 089230 screens richer than that median.

Fair Value

Bear 1,056 KRW Fair Value 1,408 KRW Bull 1,760 KRW
Price 2,220 KRW · Downside -36.6%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 21/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 20
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 7
Debt, balance sheet and risk of trouble
Investment 88
Does it invest with discipline instead of growing at any price?
Low Volatility 23
How calm the share price moves, does not count
Price momentum 60
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 70
Distance to the 52-week high, does not count
New shares 50
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−44.4%
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.
−35.8%
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.
−27.3%
Start year 2020 (pandemic). Over 10 years: −6.7% a year
Revenue growth 11 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.
−14.3%
Profit margin (trend) ⓘ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.
−23.1% (2020) → −72.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

089230 screens overvalued: fair value 37% below the price. Compare with Gabia Inc →

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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.Software & IT Services · 37 stocks

Beats the industry median on 0/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 21 · Bottom 25%
Fair Value upside −36.6% · Bottom 25%
Profitability
Return on assets −16.9% · Bottom 25%
Net margin (12 months) −16.1% · Bottom 25%
Operating margin (12 months) −3.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −3.6% · Below median

Valuation Multiplesvs Software & IT Services median · lower = cheaper

P/B 4.46× · Priciest 25%
P/S (12 months) 1.91× · Pricier than median
EV/EBITDA 24.7× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 30
FUTURE (revenue growth)0 · sector 37
PAST (return on equity)0 · sector 100
HEALTH (low debt)100 · sector 99
DIVIDEND (yield)0 · sector 23

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Software & IT Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
AfreecaTV Co 067160 38,250 KRW 114,750 KRW +200% vs 089230
NEOWIZ 095660 17,540 KRW 46,407 KRW +165% vs 089230
Hancom Inc 030520 14,610 KRW 35,240 KRW +141% vs 089230
Wemade Co 112040 14,260 KRW 32,519 KRW +128% vs 089230
KINX, Inc 093320 175,000 KRW 171,192 KRW −2% vs 089230
Wemade Max Co 101730 3,715 KRW 3,350 KRW −10% vs 089230
DAEA TI Co 045390 2,555 KRW 2,051 KRW −20% vs 089230
GalaxiaMoneytree Co 094480 4,150 KRW 2,939 KRW −29% vs 089230
Webzen Inc 069080 12,350 KRW 8,568 KRW −31% vs 089230
Gabia Inc 079940 49,400 KRW 29,631 KRW −40% vs 089230

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The E&M Co. Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "The E&M Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/089230

Frequently asked questions

Is The E&M Co. Ltd (089230) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is 1,408 KRW versus a price of 2,220 KRW, about 37% lower (overvalued).
What is the fair value of 089230?
Our estimate for The E&M Co. Ltd is 1,408 KRW (as of Nov 10, 2026), built from audited fundamentals. The current price: 2,220 KRW.
What is the quality score of 089230?
The E&M Co. Ltd has a Quality Score of 21/100. 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 The E&M Co. Ltd (089230)?
Our calculated price target is the estimate of 1,408 KRW (as of Nov 10, 2026). Cautious scenario 1,056 KRW, optimistic scenario 1,760 KRW. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the The E&M Co. Ltd stock forecast for 2026?
Our estimate puts fair value at 1,408 KRW, about 37% lower versus a price of 2,220 KRW (overvalued). Cautious scenario 1,056 KRW, optimistic scenario 1,760 KRW. The calculation is refreshed regularly with new filings.
What is the intrinsic value of The E&M Co. Ltd (089230)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For The E&M Co. Ltd it is 1,408 KRW per share (as of Nov 10, 2026), against a price of 2,220 KRW.
Is The E&M Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 089230 trades above its calculated fair value: price 2,220 KRW, fair value 1,408 KRW, a gap of about −37% (overvalued). 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 089230?
No. The price is what the market pays today (2,220 KRW); the fair value is what the company's own numbers justify (1,408 KRW). For The E&M Co. Ltd the two are 812.06 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is The E&M Co. Ltd worth?
The market values The E&M Co. Ltd at about 98.2B KRW (market capitalisation, as of Nov 10, 2026). Per share that is 2,220 KRW; our models calculate a fair value of 1,408 KRW per share.
What do the bullish and bearish scenarios say about 089230?
Our models span a range for The E&M Co. Ltd: cautious scenario 1,056 KRW, base 1,408 KRW, optimistic 1,760 KRW per share (as of Nov 10, 2026, price 2,220 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 089230 from its 52-week high?
The E&M Co. Ltd trades at 2,220 KRW, about 49% below its 52-week high of 4,325 KRW and 152% above the low of 880.00 KRW (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 1,408 KRW is for.
Which stocks are comparable to The E&M Co. Ltd?
From the same area (Technology) we also value Gabia Inc, KINX, Inc, Wemade Co, AfreecaTV 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 The E&M Co. Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price 2,220 KRW, calculated fair value 1,408 KRW (−37%), Quality Score 21/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. The E&M Co. Ltd itself currently trades above fair value. 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 The E&M Co. Ltd (089230)?
The closing price on Nov 10, 2026 was 2,220 KRW. Our estimate is 1,408 KRW, about 37% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with The E&M Co. Ltd right now?
The price sits above even our optimistic bull case (1,760 KRW). The favourable scenario is already priced in. Weak quality (21/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of The E&M Co. Ltd

How large is the market capitalisation of The E&M Co. Ltd (089230)?
The market capitalisation of The E&M Co. Ltd is 98.2B KRW (≈ $73.6M). 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 The E&M Co. Ltd (089230)?
The price-to-sales ratio of The E&M Co. Ltd is 1.91 (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 The E&M Co. Ltd (089230)?
The net margin of The E&M 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 The E&M Co. Ltd (089230)?
The return on equity (ROE) of The E&M Co. Ltd is −4,321% (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 The E&M Co. Ltd (089230)?
On an EBIT basis the return on assets of The E&M Co. Ltd is −13.4% (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 The E&M Co. Ltd (089230)?
The operating margin of The E&M Co. Ltd is −3.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at The E&M Co. Ltd (089230)?
Revenue at The E&M Co. Ltd is growing −3.6% versus a year earlier (3y avg −35.8%). 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 The E&M Co. Ltd (089230)?
Earnings per share at The E&M Co. Ltd are growing +59.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does The E&M Co. Ltd (089230) generate?
The free cash flow of The E&M Co. Ltd is −9.4B 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 The E&M Co. Ltd (089230) carry?
The net debt of The E&M Co. Ltd is 43.1B 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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