MCNEX Co. Ltd (097520) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of MCNEX Co. Ltd stock KRW 46,770, price KRW 15,590, upside +200.0%, quality 67 out of 100. Rating: strongly 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 6, 2026.
How to read this chart
60‑month range 15,563 KRW – 51,400 KRW · fair‑value band 27,287 KRW – 71,757 KRW · the 15,590 KRW price screens below the 46,770 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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MCNEX Co., Ltd manufactures and sells camera modules in South Korea and internationally. The company offers mobile and automotive camera modules. It also offers actuator, biometric sensing, and IOT solutions. In addition, the company provides AR, VR, and 3D solutions.
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MCNEX Co., Ltd was founded in 2004 and is based in Incheon, South Korea.
Stock analysis
MCNEX Co. Ltd (097520) currently trades at 15,590 KRW, while our model-based Fair Value estimate is 46,770 KRW, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 80,235 KRW per share, and 23 of the 26 models we run sit above the 15,590 KRW price.
Bear case: the Asset-Based group reads lowest at 8,218 KRW, and 3 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 27,287 KRW (bear) to 71,757 KRW (bull), the price of 15,590 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 67/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
MCNEX Co. Ltd reported revenue of 1.3T KRW in FY2025 versus 1.0T KRW in FY2021, a compound +6.1%/yr. Reported net income was 51.6B KRW in FY2025, compounding +6.9%/yr from FY2021.
Key figures
Market cap 240B KRW (≈ $177M) Micro · P/E ratio 8.3 · P/S ratio 0.20 · EPS (TTM) 2,111 KRW · Dividend yield 6.4% · Net margin 2.8% · Return on equity 8.9% · Return on assets (EBIT) 5.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 200%, 097520 screens cheaper than that median.
Fair Value models
Bear27,287 KRWFair Value 46,770 KRWBull71,757 KRW
Price 15,590 KRW · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (953.11 KRW per share) are deliberately not added.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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+21.0%
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.
+4.9%
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.
−0.5%
Start year 2020 (pandemic)
Revenue growth 6 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.
+0.2%
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’25
What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+15.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.3%
Dividend (yield on the price)6.4%
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.5% → 4%
2025 sits 99% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
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).
+1.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −0.2% a year for the price and +2.3% for the forecasts.
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.Electronic Components · 653 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)8.9% · Above median
Return on assets9.3% · Top 25%
Net margin (12 months)2.8% · Below median
Operating margin (12 months)0.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)−9.7% · Bottom 25%
Dividend yield (12 months)6.4% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Is MCNEX Co. Ltd (097520) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 46,770 KRW versus a price of 15,590 KRW, about +200% upside (undervalued).
What is the fair value of 097520?
Our model-based fair value for MCNEX Co. Ltd is 46,770 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 15,590 KRW.
What is the quality score of 097520?
MCNEX Co. Ltd has a Quality Score of 67/100. 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 MCNEX Co. Ltd (097520)?
Our model-based price target is the fair value of 46,770 KRW (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 27,287 KRW, optimistic scenario 71,757 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the MCNEX Co. Ltd stock forecast for 2026?
Our models put fair value at 46,770 KRW, about +200% upside versus a price of 15,590 KRW (undervalued). Cautious scenario 27,287 KRW, optimistic scenario 71,757 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of MCNEX Co. Ltd (097520)?
MCNEX Co. Ltd reported trailing-twelve-month revenue of about 1.2T KRW (latest available figure, as of Nov 6, 2026).
Does MCNEX Co. Ltd pay a dividend?
MCNEX Co. Ltd currently shows a dividend yield of 6.41% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of MCNEX Co. Ltd (097520) and when is the ex-dividend date?
MCNEX Co. Ltd pays a dividend of 1,000 KRW per share a year, a dividend yield of 6.4%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2017. The payout ratio is 47.4% of earnings. Free cash flow covers the dividend 1.78 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into MCNEX Co. Ltd (097520)?
For today's price to be fair in a discounted-cash-flow model, MCNEX Co. Ltd would have to grow free cash flow by +1.9 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.5 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 097520 use?
Our models discount MCNEX Co. Ltd at 12.9 %: a base by market capitalisation (micro), damped by beta 0.92, 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 MCNEX Co. Ltd that is +1.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has MCNEX Co. Ltd (097520) delivered so far?
Over the past 5 years revenue at MCNEX Co. Ltd grew -0.5 % a year. The price currently implies free-cash-flow growth of +1.9 % 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 MCNEX Co. Ltd (097520) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into MCNEX Co. Ltd (+1.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of MCNEX Co. Ltd (097520)?
The free-cash-flow yield on the price is 11.19 %: that much free cash flow MCNEX Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of MCNEX Co. Ltd (097520)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MCNEX Co. Ltd it is 46,770 KRW per share (as of Nov 6, 2026), against a price of 15,590 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 MCNEX Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 097520 trades below its calculated fair value: price 15,590 KRW, fair value 46,770 KRW, a gap of about +200% (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 097520?
No. The price is what the market pays today (15,590 KRW); the fair value is what the company's own numbers justify (46,770 KRW). For MCNEX Co. Ltd the two are 31,180 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is MCNEX Co. Ltd worth?
The market values MCNEX Co. Ltd at about 240B KRW (market capitalisation, as of Nov 6, 2026). Per share that is 15,590 KRW; our models calculate a fair value of 46,770 KRW per share.
What do the bullish and bearish scenarios say about 097520?
Our models span a range for MCNEX Co. Ltd: cautious scenario 27,287 KRW, base 46,770 KRW, optimistic 71,757 KRW per share (as of Nov 6, 2026, price 15,590 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 097520?
MCNEX Co. Ltd trades at a price-to-earnings ratio of 8.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 46,770 KRW is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings, FY2025 ex one-offs: 18.5. Other multiples: P/B 0.6, P/S 0.2, EV/EBITDA 2.7.
How solid is the balance sheet of MCNEX Co. Ltd (097520)?
Balance-sheet figures for MCNEX Co. Ltd (as of Nov 6, 2026): return on equity 8.9%, debt of 0.00 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 097520 from its 52-week high?
MCNEX Co. Ltd trades at 15,590 KRW, about 51% below its 52-week high of 31,550 KRW and at the low of 15,590 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 46,770 KRW is for.
Which stocks are comparable to MCNEX Co. Ltd?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, 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 MCNEX Co. Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 15,590 KRW, calculated fair value 46,770 KRW (+200%), Quality Score 67/100, 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 097520 calculated?
We run MCNEX 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 46,770 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. MCNEX Co. Ltd currently trades 67% 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 MCNEX Co. Ltd (097520)?
The closing price on Nov 6, 2026 was 15,590 KRW. Our model-based fair value is 46,770 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MCNEX Co. Ltd right now?
The price is below even our cautious bear case (27,287 KRW). The market is more pessimistic than our downside scenario. The model range is unusually wide (27,287 KRW to 71,757 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of MCNEX Co. Ltd
How large is the market capitalisation of MCNEX Co. Ltd (097520)?
The market capitalisation of MCNEX Co. Ltd is 240B KRW (≈ $177M). 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 MCNEX Co. Ltd (097520)?
The price-to-sales ratio of MCNEX Co. Ltd is 0.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of MCNEX Co. Ltd (097520)?
Earnings per share at MCNEX Co. Ltd are 2,111 KRW (price ÷ EPS = P/E 8.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MCNEX Co. Ltd (097520)?
The dividend yield of MCNEX Co. Ltd is 6.4% (payout 47.4%). 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 MCNEX Co. Ltd (097520)?
The net margin of MCNEX Co. Ltd is 2.8% (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 MCNEX Co. Ltd (097520)?
The return on equity (ROE) of MCNEX Co. Ltd is 8.9% (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 MCNEX Co. Ltd (097520)?
On an EBIT basis the return on assets of MCNEX Co. Ltd is 5.4% (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 MCNEX Co. Ltd (097520)?
The operating margin of MCNEX Co. Ltd is 0.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MCNEX Co. Ltd (097520)?
Revenue at MCNEX Co. Ltd is growing −9.7% versus a year earlier (3y avg +4.9%). 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 MCNEX Co. Ltd (097520)?
Earnings per share at MCNEX Co. Ltd are growing −93.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does MCNEX Co. Ltd (097520) carry?
The net debt of MCNEX Co. Ltd is 11.0B KRW (fiscal year 2025, ≈ 0.4 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 6, 2026