e-Credible Co. Ltd (092130) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of e-Credible Co. Ltd stock KRW 17,493, price KRW 13,710, upside +27.6%, quality 89 out of 100. Rating: 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 8, 2026.
How to read this chart
60‑month range 9,855 KRW – 17,479 KRW · fair‑value band 12,487 KRW – 24,177 KRW · the 13,710 KRW price screens below the 17,493 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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e-Credible Co., Ltd. provides corporate credit certification services in Korea. The company offers DNA, a corporate credit authentication service that manages transaction risk by utilizing corporate credit ratings for business-to-business transactions.
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It also provides Wisduspool, a corporate information services; and R-MIS that monitors the credit risks. The company was founded in 2001 and is headquartered in Seoul, South Korea.
Stock analysis
e-Credible Co. Ltd (092130) currently trades at 13,710 KRW, while our model-based Fair Value estimate is 17,493 KRW, implying the stock looks roughly 22% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 20,152 KRW per share, and 15 of the 26 models we run sit above the 13,710 KRW price.
Bear case: the Asset-Based group reads lowest at 2,728 KRW, and 11 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 12,487 KRW (bear) to 24,177 KRW (bull), the price of 13,710 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 89/100 (high quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
e-Credible Co. Ltd reported revenue of 50.0B KRW in FY2025 versus 45.7B KRW in FY2021, a compound +2.3%/yr. Reported net income was 12.9B KRW in FY2025, compounding −1.9%/yr from FY2021.
Key figures
Market cap 165B KRW (≈ $122M) Micro · P/S ratio 3.62 · Dividend yield 5.8% · Net margin 31.4% · Return on equity 3,897% · Return on assets (EBIT) 27.4% (5-year average) · Operating margin 40.3% · Revenue (TTM) 46.3B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 87 out of 100 (medium confidence).
What moves the price
The share trades about 22% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 94% fair-value upside, at 28%, 092130 screens richer than that median.
Fair Value models
Bear12,487 KRWFair Value 17,493 KRWBull24,177 KRW
Price 13,710 KRW · Upside +27.6%
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.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.74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+10.9%
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.
+2.0%
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.
+3.1%
Start year 2020 (pandemic). Over 10 years: +6.9% a year
Revenue growth 13 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.
+8.0%
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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.
+4.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.2%
Dividend (yield on the price)5.8%
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.−1.2% vs 2.7%, 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.39% → 31%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+2.4%
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 +0.3% 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.Professional & Commercial Services · 15 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score89 · Top 25%
Fair Value upside+27.6% · Below median
Profitability
Return on assets24.4% · Top 25%
Net margin (12 months)31.4% · Top 25%
Operating margin (12 months)40.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)0.8% · Below median
Dividend yield (12 months)5.8% · Top 25%
Valuation Multiplesvs Professional & Commercial Services median · lower = cheaper
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Is e-Credible Co. Ltd (092130) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 17,493 KRW versus a price of 13,710 KRW, about +28% upside (undervalued).
What is the fair value of 092130?
Our model-based fair value for e-Credible Co. Ltd is 17,493 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 13,710 KRW.
What is the quality score of 092130?
e-Credible Co. Ltd has a Quality Score of 89/100. 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 e-Credible Co. Ltd (092130)?
Our model-based price target is the fair value of 17,493 KRW (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 12,487 KRW, optimistic scenario 24,177 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the e-Credible Co. Ltd stock forecast for 2026?
Our models put fair value at 17,493 KRW, about +28% upside versus a price of 13,710 KRW (undervalued). Cautious scenario 12,487 KRW, optimistic scenario 24,177 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of e-Credible Co. Ltd (092130)?
e-Credible Co. Ltd reported trailing-twelve-month revenue of about 46.3B KRW (latest available figure, as of Nov 8, 2026).
Does e-Credible Co. Ltd pay a dividend?
e-Credible Co. Ltd currently shows a dividend yield of 5.80% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of e-Credible Co. Ltd (092130)?
e-Credible Co. Ltd has a dividend yield of 5.8%. A dividend has been paid every year since at least 2009. 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 e-Credible Co. Ltd (092130)?
For today's price to be fair in a discounted-cash-flow model, e-Credible Co. Ltd would have to grow free cash flow by +2.4 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.1 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 092130 use?
Our models discount e-Credible Co. Ltd at 11.6 %: a base by market capitalisation (micro), damped by beta 0.35, 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 e-Credible Co. Ltd that is +2.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has e-Credible Co. Ltd (092130) delivered so far?
Over the past 5 years revenue at e-Credible Co. Ltd grew +3.1 % a year. The price currently implies free-cash-flow growth of +2.4 % 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 e-Credible Co. Ltd (092130) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into e-Credible Co. Ltd (+2.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of e-Credible Co. Ltd (092130)?
The free-cash-flow yield on the price is 6.59 %: that much free cash flow e-Credible Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of e-Credible Co. Ltd (092130)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For e-Credible Co. Ltd it is 17,493 KRW per share (as of Nov 8, 2026), against a price of 13,710 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 e-Credible Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 092130 trades below its calculated fair value: price 13,710 KRW, fair value 17,493 KRW, a gap of about +28% (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 092130?
No. The price is what the market pays today (13,710 KRW); the fair value is what the company's own numbers justify (17,493 KRW). For e-Credible Co. Ltd the two are 3,783 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is e-Credible Co. Ltd worth?
The market values e-Credible Co. Ltd at about 165B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 13,710 KRW; our models calculate a fair value of 17,493 KRW per share.
What do the bullish and bearish scenarios say about 092130?
Our models span a range for e-Credible Co. Ltd: cautious scenario 12,487 KRW, base 17,493 KRW, optimistic 24,177 KRW per share (as of Nov 8, 2026, price 13,710 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 092130 from its 52-week high?
e-Credible Co. Ltd trades at 13,710 KRW, about 22% below its 52-week high of 17,479 KRW and 1% above the low of 13,580 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 17,493 KRW is for.
Which stocks are comparable to e-Credible Co. Ltd?
From the same area (Industrials) we also value Fischer Chemic Limited, KG Mobilians Co, INSUN Environmental New Technology Co, Y-Entec 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 e-Credible Co. Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 13,710 KRW, calculated fair value 17,493 KRW (+28%), Quality Score 89/100, 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 092130 calculated?
We run e-Credible 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 17,493 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. e-Credible Co. Ltd currently trades 22% 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 e-Credible Co. Ltd (092130)?
The closing price on Nov 9, 2026 was 13,710 KRW. Our model-based fair value is 17,493 KRW, about +28% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with e-Credible Co. Ltd right now?
The rarer combination: high quality (89/100) AND below fair value. That earns a closer look rather than a quick verdict. A fairly wide model range (12,487 KRW to 24,177 KRW) leaves room in how you read the outcome.
Key figures of e-Credible Co. Ltd
How large is the market capitalisation of e-Credible Co. Ltd (092130)?
The market capitalisation of e-Credible Co. Ltd is 165B KRW (≈ $122M). 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 e-Credible Co. Ltd (092130)?
The price-to-sales ratio of e-Credible Co. Ltd is 3.62 (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 e-Credible Co. Ltd (092130)?
The dividend yield of e-Credible Co. Ltd is 5.8%. 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 e-Credible Co. Ltd (092130)?
The net margin of e-Credible Co. Ltd is 31.4% (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 e-Credible Co. Ltd (092130)?
The return on equity (ROE) of e-Credible Co. Ltd is 3,897% (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 e-Credible Co. Ltd (092130)?
On an EBIT basis the return on assets of e-Credible Co. Ltd is 27.4% (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 e-Credible Co. Ltd (092130)?
The operating margin of e-Credible Co. Ltd is 40.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at e-Credible Co. Ltd (092130)?
Revenue at e-Credible Co. Ltd is growing +0.8% versus a year earlier (3y avg +2.0%). 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 e-Credible Co. Ltd (092130)?
Earnings per share at e-Credible Co. Ltd are growing +1.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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Some data
Nov 8, 2026