Iones Co. Ltd (114810) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Iones Co. Ltd stock KRW 4,757, price KRW 8,550, that is 44.4% below the price, quality 60 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 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 8, 2026.
How to read this chart
60‑month range 5,430 KRW – 19,670 KRW · fair‑value band 2,237 KRW – 8,901 KRW · the 8,550 KRW price screens above the 4,757 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Hansol IONES Co., Ltd. manufactures and sells semiconductors and LCD-related components in South Korea, China, the United States, and internationally.
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It offers machining services for semiconductors parts, including chamber, ESC, flange, liner, plate, ring, shield, shower head, shutter, and upper chamber; display parts, such as backing plate, door VV, floating mask, ground shield, and spin chuck; and aviation parts comprising clevies assy, fitting assy, hinge assy, track outer, and track support.
The company also provides etch cleaning for outer liner, isolator, and ESC; metal cleaning for one-piece shield, depo ring, and shutter disk; CVD cleaning for gas box, upper chamber ring, and shower head; and diffusion cleaning for ALD seal cap, flange, and manifold.
In addition, it offers coating services for belljar, ceramic dome, cover bellows, depo shield upper, and EPD window; and anodizing services. The company was formerly known as IONES Co., Ltd. and changed its name to Hansol IONES Co., Ltd. in August 2022.
Hansol IONES Co., Ltd. was founded in 1993 and is headquartered in Anseong-si, South Korea.
Stock analysis
Iones Co. Ltd (114810) currently trades at 8,550 KRW, while our model-based Fair Value estimate is 4,757 KRW, 44% 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 23,408 KRW per share, and 16 of the 24 models we run sit above the 8,550 KRW price.
Bear case: the Asset-Based group reads lowest at 2,103 KRW, and 8 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 2,237 KRW (bear) to 8,901 KRW (bull), the price of 8,550 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 60/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Iones Co. Ltd reported revenue of 199B KRW in FY2025 versus 164B KRW in FY2021, a compound +5.0%/yr. Reported net income was 28.4B KRW in FY2025, compounding +0.7%/yr from FY2021.
Key figures
Market cap 227B KRW (≈ $168M) Micro · P/E ratio 10.9 · P/S ratio 1.10 · EPS (TTM) 763.67 KRW · Net margin 10.2% · Return on equity 10.1% · Return on assets (EBIT) 12.6% (5-year average) · Operating margin 12.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 57% below its 52-week high and 18% above 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 −44%, 114810 screens richer than that median.
Fair Value models
Bear2,237 KRWFair Value 4,757 KRWBull8,901 KRW
Price 8,550 KRW · Downside -44.4%
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 (654.88 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.
Best data coverage
FCF DCF676.46 KRW1,168 KRW1,836 KRW79
Growth DCF656.15 KRW1,073 KRW1,593 KRW78
Owner Earnings540.11 KRW960.65 KRW1,532 KRW75
All 24 models by family
DCF Models
FCF DCF676.46 KRW1,168 KRW1,836 KRW79
Owner Earnings540.11 KRW960.65 KRW1,532 KRW75
5Y Revenue Exit6,002 KRW12,274 KRW21,040 KRW70
5Y EBITDA Exit10,465 KRW21,466 KRW35,571 KRW72
5Y P/E Exit10,902 KRW22,366 KRW35,703 KRW68
10Y Revenue Exit3,197 KRW7,444 KRW14,283 KRW63
10Y EBITDA Exit5,755 KRW12,720 KRW23,799 KRW64
10Y P/E Exit5,983 KRW13,236 KRW23,886 KRW60
Earnings-Based
Graham-Dodd7,060 KRW33,032 KRW45,397 KRW64
Lynch FV8,735 KRW12,479 KRW16,223 KRW61
PEG = 1.08,735 KRW12,479 KRW16,223 KRW57
EPV5,413 KRW6,001 KRW6,465 KRW74
Multiples
P/E Multiple21,802 KRW29,069 KRW36,337 KRW63
P/S Multiple13,237 KRW17,649 KRW22,062 KRW58
P/B Multiple8,787 KRW11,715 KRW14,644 KRW55
EV/EBIT21,430 KRW28,728 KRW36,027 KRW66
EV/EBITDA20,450 KRW27,422 KRW34,394 KRW67
EV/Revenue10,604 KRW15,348 KRW20,092 KRW53
Asset-Based
NCAV (Graham)1,388 KRW2,103 KRW2,629 KRW54
Growth DCF
Growth DCF656.15 KRW1,073 KRW1,593 KRW78
Rev-Margin DCF6,002 KRW11,964 KRW19,642 KRW70
Economic Profit
Residual Income6,303 KRW6,935 KRW8,350 KRW71
ROIC Compounder5,413 KRW6,001 KRW6,465 KRW72
Growth Earnings
Growth-Adj P/E16,386 KRW23,408 KRW30,430 KRW67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+26.5%
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.
+6.6%
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.
+6.3%
Start year 2020 (pandemic). Over 10 years: +11.1% 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.
+10.1%
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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.
+12.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.0%
Dividend (yield on the price)0.0%
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.12.0% vs 22.8%, 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.4% → 17%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+48.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +45.4% 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.Semiconductor Equipment & Materials · 235 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Iones Co. Ltd (114810) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 4,757 KRW versus a price of 8,550 KRW, about 44% lower (overvalued).
What is the fair value of 114810?
Our model-based fair value for Iones Co. Ltd is 4,757 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 8,550 KRW.
What is the quality score of 114810?
Iones Co. Ltd has a Quality Score of 60/100. 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 Iones Co. Ltd (114810)?
Our model-based price target is the fair value of 4,757 KRW (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 2,237 KRW, optimistic scenario 8,901 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Iones Co. Ltd stock forecast for 2026?
Our models put fair value at 4,757 KRW, about 44% lower versus a price of 8,550 KRW (overvalued). Cautious scenario 2,237 KRW, optimistic scenario 8,901 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Iones Co. Ltd (114810)?
Iones Co. Ltd reported trailing-twelve-month revenue of about 206B KRW (latest available figure, as of Nov 8, 2026).
What growth is priced into Iones Co. Ltd (114810)?
For today's price to be fair in a discounted-cash-flow model, Iones Co. Ltd would have to grow free cash flow by +48.4 % per year for five years (discount rate 14.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.3 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 114810 use?
Our models discount Iones Co. Ltd at 14.5 %: a base by market capitalisation (micro), damped by beta 1.41, 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 Iones Co. Ltd that is +48.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (14.5 %) and the same formula as our fair value.
How much growth has Iones Co. Ltd (114810) delivered so far?
Over the past 5 years revenue at Iones Co. Ltd grew +6.3 % a year. The price currently implies free-cash-flow growth of +48.4 % 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 Iones Co. Ltd (114810) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into Iones Co. Ltd (+48.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Iones Co. Ltd (114810)?
The free-cash-flow yield on the price is 1.12 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Iones Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (14.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Iones Co. Ltd (114810)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Iones Co. Ltd it is 4,757 KRW per share (as of Nov 8, 2026), against a price of 8,550 KRW. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Iones Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 114810 trades above its calculated fair value: price 8,550 KRW, fair value 4,757 KRW, a gap of about −44% (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 114810?
No. The price is what the market pays today (8,550 KRW); the fair value is what the company's own numbers justify (4,757 KRW). For Iones Co. Ltd the two are 3,793 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Iones Co. Ltd worth?
The market values Iones Co. Ltd at about 227B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 8,550 KRW; our models calculate a fair value of 4,757 KRW per share.
What do the bullish and bearish scenarios say about 114810?
Our models span a range for Iones Co. Ltd: cautious scenario 2,237 KRW, base 4,757 KRW, optimistic 8,901 KRW per share (as of Nov 8, 2026, price 8,550 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 114810?
Iones Co. Ltd trades at a price-to-earnings ratio of 10.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4,757 KRW is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 10.4. Other multiples: P/B 1.1, P/S 1.1, EV/EBITDA 6.6.
How solid is the balance sheet of Iones Co. Ltd (114810)?
Balance-sheet figures for Iones Co. Ltd (as of Nov 8, 2026): return on equity 10.1%, debt of 0.04 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 114810 from its 52-week high?
Iones Co. Ltd trades at 8,550 KRW, about 57% below its 52-week high of 19,670 KRW and 18% above the low of 7,250 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 4,757 KRW is for.
Which stocks are comparable to Iones Co. Ltd?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, 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 Iones Co. Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 8,550 KRW, calculated fair value 4,757 KRW (−44%), Quality Score 60/100, from 24 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 114810 calculated?
We run Iones Co. Ltd through 24 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 4,757 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. Iones 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 Iones Co. Ltd (114810)?
The closing price on Nov 6, 2026 was 8,550 KRW. Our model-based fair value is 4,757 KRW, about 44% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Iones Co. Ltd right now?
The model range is unusually wide (2,237 KRW to 8,901 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Iones Co. Ltd
How large is the market capitalisation of Iones Co. Ltd (114810)?
The market capitalisation of Iones Co. Ltd is 227B KRW (≈ $168M). 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 Iones Co. Ltd (114810)?
The price-to-sales ratio of Iones Co. Ltd is 1.10 (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 Iones Co. Ltd (114810)?
Earnings per share at Iones Co. Ltd are 763.67 KRW (price ÷ EPS = P/E 10.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Iones Co. Ltd (114810)?
The net margin of Iones Co. Ltd is 10.2% (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 Iones Co. Ltd (114810)?
The return on equity (ROE) of Iones Co. Ltd is 10.1% (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 Iones Co. Ltd (114810)?
On an EBIT basis the return on assets of Iones Co. Ltd is 12.6% (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 Iones Co. Ltd (114810)?
The operating margin of Iones Co. Ltd is 12.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Iones Co. Ltd (114810)?
Revenue at Iones Co. Ltd is growing +14.3% versus a year earlier (3y avg +6.6%). 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 Iones Co. Ltd (114810)?
Earnings per share at Iones Co. Ltd are growing −30.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Iones Co. Ltd (114810) carry?
The net debt of Iones Co. Ltd is 12.8B KRW (fiscal year 2025, ≈ 4.8 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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Some data
Nov 8, 2026