TSE Co. Ltd (131290) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of TSE Co. Ltd stock KRW 83,925, price KRW 162,000, that is 48.2% below the price, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 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 32,786 KRW – 329,500 KRW · fair‑value band 58,747 KRW – 109,102 KRW · the 162,000 KRW price screens above the 83,925 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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TSE Co., Ltd provides semiconductor test solutions in South Korea and internationally.
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The company offers probe cards, including high performance and vertical mems probe cards, and OLED fixel test solutions; standard interface solutions, such as high speed and high parallelism interface solutions; and tester on-board interface products, including BOST, CFDS, and power boost interface solutions.
It also provides test sockets comprising MEMS rubber contact and pogo sockets; low cost tester solutions, manipulators, and RF test systems for semiconductors; electrical array testers, electrical touch sensor test systems, and OLED pattern generators; LED testers and equipment; and HSIO loopback components.
TSE Co., Ltd was founded in 1994 and is headquartered in Cheonan-si, South Korea.
Stock analysis
TSE Co. Ltd (131290) currently trades at 162,000 KRW, while our model-based Fair Value estimate is 83,925 KRW, 48% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 109,820 KRW per share, and 1 of the 16 models we run sit above the 162,000 KRW price.
Bear case: the Asset-Based group reads lowest at 9,195 KRW, and 15 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 58,747 KRW (bear) to 109,102 KRW (bull), the price of 162,000 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 58/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
TSE Co. Ltd reported revenue of 429B KRW in FY2025 versus 308B KRW in FY2021, a compound +8.7%/yr. Reported net income was 38.2B KRW in FY2025, compounding −3.8%/yr from FY2021.
Key figures
Market cap 2.8T KRW (≈ $2.1B) Mid · P/S ratio 8.24 · Dividend yield 0.7% · Net margin 16.6% · Return on equity 1,451% · Return on assets (EBIT) 8.5% (5-year average) · Operating margin 18.8% · Revenue (TTM) 345B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and 254% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −48%, 131290 screens richer than that median.
Fair Value models
Bear58,747 KRWFair Value 83,925 KRWBull109,102 KRW
Price 162,000 KRW · Downside -48.2%
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.55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+23.2%
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.
+8.1%
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.
+8.5%
Start year 2020 (pandemic). Over 10 years: +12.5% a year
Revenue growth 15 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.
+9.4%
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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.
+7.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.8%
Dividend (yield on the price)0.7%
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.14% → 12%
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
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 TSE Co. Ltd (131290) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 83,925 KRW versus a price of 162,000 KRW, about 48% lower (overvalued).
What is the fair value of 131290?
Our model-based fair value for TSE Co. Ltd is 83,925 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 162,000 KRW.
What is the quality score of 131290?
TSE Co. Ltd has a Quality Score of 58/100. 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 TSE Co. Ltd (131290)?
Our model-based price target is the fair value of 83,925 KRW (as of Nov 7, 2026) from 16 valuation models. Cautious scenario 58,747 KRW, optimistic scenario 109,102 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the TSE Co. Ltd stock forecast for 2026?
Our models put fair value at 83,925 KRW, about 48% lower versus a price of 162,000 KRW (overvalued). Cautious scenario 58,747 KRW, optimistic scenario 109,102 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of TSE Co. Ltd (131290)?
TSE Co. Ltd reported trailing-twelve-month revenue of about 345B KRW (latest available figure, as of Nov 7, 2026).
Does TSE Co. Ltd pay a dividend?
TSE Co. Ltd currently shows a dividend yield of 0.67% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of TSE Co. Ltd (131290)?
TSE Co. Ltd has a dividend yield of 0.7%. A dividend has been paid every year since at least 2018. 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 TSE Co. Ltd (131290)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TSE Co. Ltd it is 83,925 KRW per share (as of Nov 7, 2026), against a price of 162,000 KRW. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is TSE Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 131290 trades above its calculated fair value: price 162,000 KRW, fair value 83,925 KRW, a gap of about −48% (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 131290?
No. The price is what the market pays today (162,000 KRW); the fair value is what the company's own numbers justify (83,925 KRW). For TSE Co. Ltd the two are 78,075 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is TSE Co. Ltd worth?
The market values TSE Co. Ltd at about 2.8T KRW (market capitalisation, as of Nov 7, 2026). Per share that is 162,000 KRW; our models calculate a fair value of 83,925 KRW per share.
What do the bullish and bearish scenarios say about 131290?
Our models span a range for TSE Co. Ltd: cautious scenario 58,747 KRW, base 83,925 KRW, optimistic 109,102 KRW per share (as of Nov 7, 2026, price 162,000 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of TSE Co. Ltd (131290)?
Balance-sheet figures for TSE Co. Ltd (as of Nov 7, 2026): debt of 0.01 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 131290 from its 52-week high?
TSE Co. Ltd trades at 162,000 KRW, about 51% below its 52-week high of 329,500 KRW and 254% above the low of 45,782 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 83,925 KRW is for.
Which stocks are comparable to TSE Co. Ltd?
From the same area (Technology) we also value JUSUNG ENGINEERING Co, PSK HOLDINGS Inc, ISC Co, Eugene Technology 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 TSE Co. Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 162,000 KRW, calculated fair value 83,925 KRW (−48%), Quality Score 58/100, from 16 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 131290 calculated?
We run TSE Co. Ltd through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 83,925 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 13.0% above its aggregate fair value. TSE 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 TSE Co. Ltd (131290)?
The closing price on Nov 6, 2026 was 162,000 KRW. Our model-based fair value is 83,925 KRW, about 48% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TSE Co. Ltd right now?
The price sits above even our optimistic bull case (109,102 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (58,747 KRW to 109,102 KRW) leaves room in how you read the outcome.
Key figures of TSE Co. Ltd
How large is the market capitalisation of TSE Co. Ltd (131290)?
The market capitalisation of TSE Co. Ltd is 2.8T KRW (≈ $2.1B). 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 TSE Co. Ltd (131290)?
The price-to-sales ratio of TSE Co. Ltd is 8.24 (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 TSE Co. Ltd (131290)?
The dividend yield of TSE Co. Ltd 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 TSE Co. Ltd (131290)?
The net margin of TSE Co. Ltd is 16.6% (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 TSE Co. Ltd (131290)?
The return on equity (ROE) of TSE Co. Ltd is 1,451% (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 TSE Co. Ltd (131290)?
On an EBIT basis the return on assets of TSE Co. Ltd is 8.5% (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 TSE Co. Ltd (131290)?
The operating margin of TSE Co. Ltd is 18.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TSE Co. Ltd (131290)?
Revenue at TSE Co. Ltd is growing +22.3% versus a year earlier (3y avg +8.1%). 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 TSE Co. Ltd (131290)?
Earnings per share at TSE Co. Ltd are growing +8.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TSE Co. Ltd (131290) generate?
The free cash flow of TSE Co. Ltd is −2.2B 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 TSE Co. Ltd (131290) carry?
The net debt of TSE Co. Ltd is 7.0B KRW (fiscal year 2021). 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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Nov 7, 2026