WooriNet Inc (115440) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of WooriNet Inc stock KRW 7,414, price KRW 6,740, upside +10.0%, quality 47 out of 100. Rating: fairly valued. 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 7, 2026.
How to read this chart
60‑month range 5,544 KRW – 18,720 KRW · fair‑value band 6,686 KRW – 9,638 KRW · the 6,740 KRW price screens below the 7,414 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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WooriNet, Inc. designs, manufactures, and supplies fiber optics transmission and wireline access network systems to telecommunications service providers in South Korea.
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The company offers packet optical transport network, packet transport network, SDH transport networks, WDM transport networks, OTN security, packet security, post quantum cryptography, data center, quantumcryptography, communication, access gateway, wireless security, transport software defined, networking, IOT communication devices.
It also provides packet converter, access gateway, and access gateway systems; and broadband and cellular IoT solutions, such as LTE LGA and LTE embedded modules, and LTE router and modems, as well as develops and sells OLED manufacturing processes and solutions.
The company was founded in 2000 and is based in Anyang-si, South Korea.
Stock analysis
WooriNet Inc (115440) currently trades at 6,740 KRW, while our model-based Fair Value estimate is 7,414 KRW, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 12,363 KRW per share, and 13 of the 26 models we run sit above the 6,740 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,272 KRW, and 13 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6,686 KRW (bear) to 9,638 KRW (bull), the price of 6,740 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 47/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
WooriNet Inc reported revenue of 75.5B KRW in FY2025 versus 60.4B KRW in FY2021, a compound +5.7%/yr. Reported net income was 3.7B KRW in FY2025, compounding +17.4%/yr from FY2021.
Key figures
Market cap 69.2B KRW (≈ $51.1M) Micro · P/S ratio 1.27 · EPS (TTM) −123.48 KRW · Dividend yield 0.7% · Net margin −1.8% · Return on equity −2.0% · Return on assets (EBIT) 3.5% (5-year average) · Operating margin 2.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 64% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at 10%, 115440 screens cheaper than that median.
Fair Value models
Bear6,686 KRWFair Value 7,414 KRWBull9,638 KRW
Price 6,740 KRW · Upside +10.0%
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.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−42.6%
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.
+7.6%
Start year 2020 (pandemic). Over 10 years: +4.3% a year
Revenue growth 16 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.
+4.0%
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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.
≈ +11.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +10.9%
Dividend (yield on the price)0.7%
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.base effect: 10.9% / −1.8%
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.−7% → 3%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 212 per share, median 427 in 2016 to 2018). It measures the recovery from the trough, not lasting growth.
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).
−21.5%
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.
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 −23.1% 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.Communication Equipment · 303 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+10.0% · Top 25%
Profitability
Return on assets2.7% · Above median
Net margin (12 months)−1.8% · Below median
Operating margin (12 months)2.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)−10.6% · Bottom 25%
Dividend yield (12 months)0.7% · Below median
Balance sheet
Debt / equity0.05× · Above median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
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Cite: Fair Value Calculator (2026). "WooriNet Inc Fair Value". https://www.fairvalue-calculator.com/stock/115440
Frequently asked questions
Is WooriNet Inc (115440) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 7,414 KRW versus a price of 6,740 KRW, about +10% upside (fairly valued).
What is the fair value of 115440?
Our model-based fair value for WooriNet Inc is 7,414 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 6,740 KRW.
What is the quality score of 115440?
WooriNet Inc has a Quality Score of 47/100. 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 WooriNet Inc (115440)?
Our model-based price target is the fair value of 7,414 KRW (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 6,686 KRW, optimistic scenario 9,638 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the WooriNet Inc stock forecast for 2026?
Our models put fair value at 7,414 KRW, about +10% upside versus a price of 6,740 KRW (fairly valued). Cautious scenario 6,686 KRW, optimistic scenario 9,638 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of WooriNet Inc (115440)?
WooriNet Inc reported trailing-twelve-month revenue of about 69.4B KRW (latest available figure, as of Nov 7, 2026).
Does WooriNet Inc pay a dividend?
WooriNet Inc currently shows a dividend yield of 0.74% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of WooriNet Inc (115440) and when is the ex-dividend date?
WooriNet Inc pays a dividend of 50.00 KRW per share a year, a dividend yield of 0.7%. The last ex-dividend date was Dec 29, 2025. The payout ratio is 13.9% of earnings. Free cash flow covers the dividend 23.28 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 WooriNet Inc (115440)?
For today's price to be fair in a discounted-cash-flow model, WooriNet Inc would have to grow free cash flow by -21.5 % 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 +7.6 % 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 7, 2026.
What discount rate (WACC) does the fair value of 115440 use?
Our models discount WooriNet Inc at 11.6 %: a base by market capitalisation (micro), damped by beta 0.29, 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 WooriNet Inc that is -21.5 % 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 WooriNet Inc (115440) delivered so far?
Over the past 5 years revenue at WooriNet Inc grew +7.6 % a year. The price currently implies free-cash-flow growth of -21.5 % 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 WooriNet Inc (115440) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into WooriNet Inc (-21.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of WooriNet Inc (115440)?
The free-cash-flow yield on the price is 17.05 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow WooriNet Inc 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 WooriNet Inc (115440)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WooriNet Inc it is 7,414 KRW per share (as of Nov 7, 2026), against a price of 6,740 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 WooriNet Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 115440 trades below its calculated fair value: price 6,740 KRW, fair value 7,414 KRW, a gap of about +10% (fairly valued). 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 115440?
No. The price is what the market pays today (6,740 KRW); the fair value is what the company's own numbers justify (7,414 KRW). For WooriNet Inc the two are 674.00 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is WooriNet Inc worth?
The market values WooriNet Inc at about 69.2B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 6,740 KRW; our models calculate a fair value of 7,414 KRW per share.
What do the bullish and bearish scenarios say about 115440?
Our models span a range for WooriNet Inc: cautious scenario 6,686 KRW, base 7,414 KRW, optimistic 9,638 KRW per share (as of Nov 7, 2026, price 6,740 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of WooriNet Inc (115440)?
Balance-sheet figures for WooriNet Inc (as of Nov 7, 2026): return on equity −2.0%, debt of 0.05 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 115440 from its 52-week high?
WooriNet Inc trades at 6,740 KRW, about 64% below its 52-week high of 18,720 KRW and 21% above the low of 5,550 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 7,414 KRW is for.
Which stocks are comparable to WooriNet Inc?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, 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 WooriNet Inc stock attractive at the current price?
The data as of Nov 7, 2026: price 6,740 KRW, calculated fair value 7,414 KRW (+10%), Quality Score 47/100, 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 115440 calculated?
We run WooriNet Inc 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 7,414 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. WooriNet Inc currently trades 9% 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 WooriNet Inc (115440)?
The closing price on Nov 6, 2026 was 6,740 KRW. Our model-based fair value is 7,414 KRW, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WooriNet Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of WooriNet Inc
How large is the market capitalisation of WooriNet Inc (115440)?
The market capitalisation of WooriNet Inc is 69.2B KRW (≈ $51.1M). 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 WooriNet Inc (115440)?
The price-to-sales ratio of WooriNet Inc is 1.27 (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 WooriNet Inc (115440)?
Earnings per share at WooriNet Inc are −123.48 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of WooriNet Inc (115440)?
The dividend yield of WooriNet Inc is 0.7%. 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 WooriNet Inc (115440)?
The net margin of WooriNet Inc is −1.8% (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 WooriNet Inc (115440)?
The return on equity (ROE) of WooriNet Inc is −2.0% (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 WooriNet Inc (115440)?
On an EBIT basis the return on assets of WooriNet Inc is 3.5% (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 WooriNet Inc (115440)?
The operating margin of WooriNet Inc is 2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WooriNet Inc (115440)?
Revenue at WooriNet Inc is growing −10.6% 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 WooriNet Inc (115440)?
Earnings per share at WooriNet Inc are growing −70.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does WooriNet Inc (115440) carry?
The net debt of WooriNet Inc is 8.3B KRW (fiscal year 2025, ≈ 0.7 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