Wave Electronics Co. Ltd (095270) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Wave Electronics Co. Ltd stock KRW 3,238, price KRW 3,690, that is 12.3% below the price, quality 65 out of 100. Rating: overvalued. Calculated from audited financials with 21 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 7, 2026.
How to read this chart
60‑month range 3,320 KRW – 11,900 KRW · fair‑value band 2,806 KRW – 4,047 KRW · the 3,690 KRW price screens above the 3,238 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Wave Electronics Co., Ltd. manufactures and sells products for wireless telecommunications, defense, and display businesses in South Korea.
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It offers wireless base stations, repeater amplifiers, filters, IoT modules, RF systems, and network systems; signal processing devices for guided weapons; and masks for OLED panel deposition.
The company was formerly known as Wave Telecom Corporation and changed its name to Wave Electronics Co., Ltd. in August 2002. Wave Electronics Co., Ltd. was founded in 1999 and is headquartered in Suwon, South Korea.
Stock analysis
Wave Electronics Co. Ltd (095270) currently trades at 3,690 KRW, while our model-based Fair Value estimate is 3,238 KRW, 12% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 11,282 KRW per share, and 12 of the 21 models we run sit above the 3,690 KRW price.
Bear case: the Earnings-Based group reads lowest at 947.10 KRW, and 9 of the 21 models stay below the price. Data coverage for this calculation is low.
Scenario range: 2,806 KRW (bear) to 4,047 KRW (bull), the price of 3,690 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 65/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Wave Electronics Co. Ltd reported revenue of 80.5B KRW in FY2025 versus 47.5B KRW in FY2021, a compound +14.1%/yr. Reported net income was 1.5B KRW in FY2025, compounding −60.5%/yr from FY2021.
Key figures
Market cap 57.9B KRW (≈ $42.8M) Micro · P/S ratio 1.13 · Net margin −1.3% · Return on equity −1,508% · Return on assets (EBIT) 0.1% (5-year average) · Operating margin −3.8% · Revenue (TTM) 51.0B KRW · Revenue growth (YoY) +108%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The share trades about 65% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 72% fair-value upside, at −12%, 095270 screens richer than that median.
Fair Value models
Bear2,806 KRWFair Value 3,238 KRWBull4,047 KRW
Price 3,690 KRW · Downside -12.3%
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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.2%
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.
+10.8%
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.
+15.1%
Start year 2020 (pandemic). Over 10 years: +10.2% 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.
+5.4%
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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.
−51.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−51.0%
Dividend (yield on the price)0.0%
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.−52% → −2%
Growth Forecast
Little optimism in the price
The price assumes less 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).
−11.5%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −13.3% a year for the price.
Compare Wave Electronics Co. Ltd with another stock
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 “Communications & Networking” was too small, so the broader sector is used.)Information Technology · 3609 stocks
Beats the sector median on 6/10 measures
Overall it ranks above its sector peers.
Valuation
Quality Score65 · Above median
Fair Value upside−12.3% · Above median
Profitability
Return on assets1.4% · Below median
Net margin (12 months)1.8% · Below median
Operating margin (12 months)−3.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)108.2% · Top 25%
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Information Technology median · lower = cheaper
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Is Wave Electronics Co. Ltd (095270) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 3,238 KRW versus a price of 3,690 KRW, about 12% lower (overvalued).
What is the fair value of 095270?
Our model-based fair value for Wave Electronics Co. Ltd is 3,238 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 3,690 KRW.
What is the quality score of 095270?
Wave Electronics Co. Ltd has a Quality Score of 65/100. 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 Wave Electronics Co. Ltd (095270)?
Our model-based price target is the fair value of 3,238 KRW (as of Nov 7, 2026) from 21 valuation models. Cautious scenario 2,806 KRW, optimistic scenario 4,047 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Wave Electronics Co. Ltd stock forecast for 2026?
Our models put fair value at 3,238 KRW, about 12% lower versus a price of 3,690 KRW (overvalued). Cautious scenario 2,806 KRW, optimistic scenario 4,047 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Wave Electronics Co. Ltd (095270)?
Wave Electronics Co. Ltd reported trailing-twelve-month revenue of about 51.0B KRW (latest available figure, as of Nov 7, 2026).
What growth is priced into Wave Electronics Co. Ltd (095270)?
For today's price to be fair in a discounted-cash-flow model, Wave Electronics Co. Ltd would have to grow free cash flow by -11.5 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.1 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 095270 use?
Our models discount Wave Electronics Co. Ltd at 10.0 %: a base by market capitalisation (nano), damped by beta 0.95, 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 Wave Electronics Co. Ltd that is -11.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has Wave Electronics Co. Ltd (095270) delivered so far?
Over the past 5 years revenue at Wave Electronics Co. Ltd grew +15.1 % a year. The price currently implies free-cash-flow growth of -11.5 % 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 Wave Electronics Co. Ltd (095270) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Wave Electronics Co. Ltd (-11.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Wave Electronics Co. Ltd (095270)?
The free-cash-flow yield on the price is 15.80 %: that much free cash flow Wave Electronics Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wave Electronics Co. Ltd (095270)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wave Electronics Co. Ltd it is 3,238 KRW per share (as of Nov 7, 2026), against a price of 3,690 KRW. It is the blended result of 21 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Wave Electronics Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 095270 trades above its calculated fair value: price 3,690 KRW, fair value 3,238 KRW, a gap of about −12% (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 095270?
No. The price is what the market pays today (3,690 KRW); the fair value is what the company's own numbers justify (3,238 KRW). For Wave Electronics Co. Ltd the two are 452.06 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Wave Electronics Co. Ltd worth?
The market values Wave Electronics Co. Ltd at about 57.9B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 3,690 KRW; our models calculate a fair value of 3,238 KRW per share.
What do the bullish and bearish scenarios say about 095270?
Our models span a range for Wave Electronics Co. Ltd: cautious scenario 2,806 KRW, base 3,238 KRW, optimistic 4,047 KRW per share (as of Nov 7, 2026, price 3,690 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Wave Electronics Co. Ltd (095270)?
Balance-sheet figures for Wave Electronics Co. Ltd (as of Nov 7, 2026): debt of 0.11 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 095270 from its 52-week high?
Wave Electronics Co. Ltd trades at 3,690 KRW, about 65% below its 52-week high of 10,600 KRW and 11% above the low of 3,320 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3,238 KRW is for.
Which stocks are comparable to Wave Electronics Co. Ltd?
From the same area (Technology) we also value Intellian Technologies, Inc, SOLiD, Inc, ANS, Innowireless 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 Wave Electronics Co. Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 3,690 KRW, calculated fair value 3,238 KRW (−12%), Quality Score 65/100, from 21 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 095270 calculated?
We run Wave Electronics Co. Ltd through 21 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 3,238 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. Wave Electronics 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 Wave Electronics Co. Ltd (095270)?
The closing price on Nov 6, 2026 was 3,690 KRW. Our model-based fair value is 3,238 KRW, about 12% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wave Electronics Co. Ltd right now?
Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Wave Electronics Co. Ltd
How large is the market capitalisation of Wave Electronics Co. Ltd (095270)?
The market capitalisation of Wave Electronics Co. Ltd is 57.9B KRW (≈ $42.8M). 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 Wave Electronics Co. Ltd (095270)?
The price-to-sales ratio of Wave Electronics Co. Ltd is 1.13 (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 Wave Electronics Co. Ltd (095270)?
The net margin of Wave Electronics Co. Ltd is −1.3% (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 Wave Electronics Co. Ltd (095270)?
The return on equity (ROE) of Wave Electronics Co. Ltd is −1,508% (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 Wave Electronics Co. Ltd (095270)?
On an EBIT basis the return on assets of Wave Electronics Co. Ltd is 0.1% (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 Wave Electronics Co. Ltd (095270)?
The operating margin of Wave Electronics Co. Ltd is −3.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wave Electronics Co. Ltd (095270)?
Revenue at Wave Electronics Co. Ltd is growing +108% versus a year earlier (3y avg +10.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Wave Electronics Co. Ltd (095270) carry?
The net debt of Wave Electronics Co. Ltd is 14.8B KRW (fiscal year 2020, ≈ 2.0 yrs of FCF). 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 7, 2026