Exicon Co. Ltd (092870) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Exicon Co. Ltd stock KRW 5,796, price KRW 41,600, that is 86.1% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 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 4, 2026.
How to read this chart
60‑month range 7,382 KRW – 67,000 KRW · fair‑value band 5,177 KRW – 6,555 KRW · the 41,600 KRW price screens above the 5,796 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Exicon Co., Ltd. operates as a semiconductor test solution company in Korea and internationally. The company offers memory, storage, and system on chip testers, as well as embedded memory testers in burn-in; and test services.
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Exicon Co., Ltd. was founded in 2001 and is headquartered in Seongnam-si, South Korea.
Stock analysis
Exicon Co. Ltd (092870) currently trades at 41,600 KRW, while our model-based Fair Value estimate is 5,796 KRW, 86% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 17,198 KRW per share, and 1 of the 15 models we run sit above the 41,600 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,071 KRW, and 14 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 5,177 KRW (bear) to 6,555 KRW (bull), the price of 41,600 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 54/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Exicon Co. Ltd reported revenue of 66.0B KRW in FY2025 versus 66.2B KRW in FY2021, a compound −0.1%/yr. Reported net income was 9.0B KRW in FY2025, compounding −28.4%/yr from FY2021.
Key figures
Market cap 865B KRW (≈ $640M) Small · P/S ratio 10.1 · Dividend yield 0.3% · Net margin 19.9% · Return on equity 98.3% · Return on assets (EBIT) 4.6% (5-year average) · Operating margin 13.5% · Revenue (TTM) 85.4B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 280% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 4% fair-value upside, at −86%, 092870 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (1,011 KRW to 92,980 KRW). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear5,177 KRWFair Value 5,796 KRWBull6,555 KRW
Price 41,600 KRW · Downside -86.1%
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
+108.9%
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.
−10.2%
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.
−0.4%
Start year 2020 (pandemic). Over 10 years: +2.2% 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.
+5.1%
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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.
−20.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.5%
Dividend (yield on the price)0.3%
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.−20.5% vs 2.2%, 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.12% → 0%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.7%/yr over ~7Y (margins eroding too) ⓘ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 industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Semiconductors & Semiconductor Equipment · 48 stocks
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Is Exicon Co. Ltd (092870) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 5,796 KRW versus a price of 41,600 KRW, about 86% lower (overvalued).
What is the fair value of 092870?
Our model-based fair value for Exicon Co. Ltd is 5,796 KRW (as of Nov 4, 2026), built from audited fundamentals. The current price: 41,600 KRW.
What is the quality score of 092870?
Exicon Co. Ltd has a Quality Score of 54/100. 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 Exicon Co. Ltd (092870)?
Our model-based price target is the fair value of 5,796 KRW (as of Nov 4, 2026) from 15 valuation models. Cautious scenario 5,177 KRW, optimistic scenario 6,555 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Exicon Co. Ltd stock forecast for 2026?
Our models put fair value at 5,796 KRW, about 86% lower versus a price of 41,600 KRW (overvalued). Cautious scenario 5,177 KRW, optimistic scenario 6,555 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Exicon Co. Ltd (092870)?
Exicon Co. Ltd reported trailing-twelve-month revenue of about 85.4B KRW (latest available figure, as of Nov 4, 2026).
Does Exicon Co. Ltd pay a dividend?
Exicon Co. Ltd currently shows a dividend yield of 0.30% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Exicon Co. Ltd (092870)?
Exicon Co. Ltd has a dividend yield of 0.3%. A dividend has been paid every year since at least 2015. Our assessment: Safety not assessed. Payout ratio and cash coverage are not available, so we do not judge how safe this dividend is.
What is the intrinsic value of Exicon Co. Ltd (092870)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Exicon Co. Ltd it is 5,796 KRW per share (as of Nov 4, 2026), against a price of 41,600 KRW. It is the blended result of 15 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Exicon Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 092870 trades above its calculated fair value: price 41,600 KRW, fair value 5,796 KRW, a gap of about −86% (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 092870?
No. The price is what the market pays today (41,600 KRW); the fair value is what the company's own numbers justify (5,796 KRW). For Exicon Co. Ltd the two are 35,805 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Exicon Co. Ltd worth?
The market values Exicon Co. Ltd at about 865B KRW (market capitalisation, as of Nov 4, 2026). Per share that is 41,600 KRW; our models calculate a fair value of 5,796 KRW per share.
What do the bullish and bearish scenarios say about 092870?
Our models span a range for Exicon Co. Ltd: cautious scenario 5,177 KRW, base 5,796 KRW, optimistic 6,555 KRW per share (as of Nov 4, 2026, price 41,600 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Exicon Co. Ltd (092870)?
Balance-sheet figures for Exicon Co. Ltd (as of Nov 4, 2026): return on equity 98.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 092870 from its 52-week high?
Exicon Co. Ltd trades at 41,600 KRW, about 38% below its 52-week high of 67,000 KRW and 280% above the low of 10,960 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 5,796 KRW is for.
Which stocks are comparable to Exicon Co. Ltd?
From the same area (Technology) we also value JUSUNG ENGINEERING Co, PSK HOLDINGS Inc, ISC Co, TSE 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 Exicon Co. Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price 41,600 KRW, calculated fair value 5,796 KRW (−86%), Quality Score 54/100, from 15 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 092870 calculated?
We run Exicon Co. Ltd through 15 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 5,796 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. Exicon 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 Exicon Co. Ltd (092870)?
The closing price on Nov 6, 2026 was 41,600 KRW. Our model-based fair value is 5,796 KRW, about 86% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Exicon Co. Ltd right now?
The price sits above even our optimistic bull case (6,555 KRW). The favourable scenario is already priced in. 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 but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Exicon Co. Ltd
How large is the market capitalisation of Exicon Co. Ltd (092870)?
The market capitalisation of Exicon Co. Ltd is 865B KRW (≈ $640M). 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 Exicon Co. Ltd (092870)?
The price-to-sales ratio of Exicon Co. Ltd is 10.1 (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 Exicon Co. Ltd (092870)?
The dividend yield of Exicon Co. Ltd is 0.3%. 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 Exicon Co. Ltd (092870)?
The net margin of Exicon Co. Ltd is 19.9% (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 Exicon Co. Ltd (092870)?
The return on equity (ROE) of Exicon Co. Ltd is 98.3% (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 Exicon Co. Ltd (092870)?
On an EBIT basis the return on assets of Exicon Co. Ltd is 4.6% (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 Exicon Co. Ltd (092870)?
The operating margin of Exicon Co. Ltd is 13.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Exicon Co. Ltd (092870)?
Revenue at Exicon Co. Ltd is growing +293% versus a year earlier (3y avg −10.2%). 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 Exicon Co. Ltd (092870)?
Earnings per share at Exicon Co. Ltd are growing +19.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Exicon Co. Ltd (092870) generate?
The free cash flow of Exicon Co. Ltd is −7.5B 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 Exicon Co. Ltd (092870) carry?
The net debt of Exicon Co. Ltd is 3.1B KRW (fiscal year 2022). 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 4, 2026