Devsisters corporation (194480) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Devsisters corporation stock KRW 16,268, price KRW 11,210, upside +45.1%, quality 54 out of 100. Rating: undervalued. 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 9, 2026.
How to read this chart
60‑month range 11,130 KRW – 184,635 KRW · fair‑value band 6,507 KRW – 20,335 KRW · the 11,210 KRW price screens below the 16,268 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 9, 2026.
Follow Devsisters in your weekly email
Every Wednesday you see whether Devsisters is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Devsisters corporation engages in the development of mobile games in South Korea and internationally. The company offers virtual reality, mobile, PC, arcade games and console gaming services. Devsisters corporation was founded in 2007 and is headquartered in Seoul, South Korea.
Stock analysis
Devsisters corporation (194480) currently trades at 11,210 KRW, while our model-based Fair Value estimate is 16,268 KRW, implying the stock looks roughly 31% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 44,459 KRW per share, and 13 of the 24 models we run sit above the 11,210 KRW price.
Bear case: the Asset-Based group reads lowest at 2,247 KRW, and 11 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6,507 KRW (bear) to 20,335 KRW (bull), the price of 11,210 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 54/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Devsisters corporation reported revenue of 296B KRW in FY2025 versus 369B KRW in FY2021, a compound −5.4%/yr. Reported net income was 10.5B KRW in FY2025, compounding −35.4%/yr from FY2021.
Key figures
Market cap 123B KRW (≈ $90.9M) Micro · P/S ratio 0.57 · EPS (TTM) −3,608 KRW · Net margin −17.5% · Return on equity −24.3% · Return on assets (EBIT) 1.2% (5-year average) · Operating margin −30.3% · Revenue (TTM) 226B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 74% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 54% fair-value upside, at 45%, 194480 screens richer than that median.
Fair Value models
Bear6,507 KRWFair Value 16,268 KRWBull20,335 KRW
Price 11,210 KRW · Upside +45.1%
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.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+25.1%
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.
+11.3%
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.
+33.2%
Start year 2020 (pandemic). Over 10 years: +31.2% 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.
+14.1%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−30.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−30.1%
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.−18% → 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).
+6.5%
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 +4.3% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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 Gaming & Multimedia · 163 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.
Cite: Fair Value Calculator (2026). "Devsisters corporation Fair Value". https://www.fairvalue-calculator.com/stock/194480
Frequently asked questions
Is Devsisters corporation (194480) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 16,268 KRW versus a price of 11,210 KRW, about +45% upside (undervalued).
What is the fair value of 194480?
Our model-based fair value for Devsisters corporation is 16,268 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 11,210 KRW.
What is the quality score of 194480?
Devsisters corporation has a Quality Score of 54/100. 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 Devsisters corporation (194480)?
Our model-based price target is the fair value of 16,268 KRW (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 6,507 KRW, optimistic scenario 20,335 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Devsisters corporation stock forecast for 2026?
Our models put fair value at 16,268 KRW, about +45% upside versus a price of 11,210 KRW (undervalued). Cautious scenario 6,507 KRW, optimistic scenario 20,335 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Devsisters corporation (194480)?
Devsisters corporation reported trailing-twelve-month revenue of about 226B KRW (latest available figure, as of Nov 9, 2026).
What growth is priced into Devsisters corporation (194480)?
For today's price to be fair in a discounted-cash-flow model, Devsisters corporation would have to grow free cash flow by +6.5 % 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 +33.2 % 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 9, 2026.
What discount rate (WACC) does the fair value of 194480 use?
Our models discount Devsisters corporation at 11.6 %: a base by market capitalisation (micro), damped by beta 0.14, 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 Devsisters corporation that is +6.5 % 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 Devsisters corporation (194480) delivered so far?
Over the past 5 years revenue at Devsisters corporation grew +33.2 % a year. The price currently implies free-cash-flow growth of +6.5 % 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 Devsisters corporation (194480) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Devsisters corporation (+6.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Devsisters corporation (194480)?
The free-cash-flow yield on the price is 3.60 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Devsisters corporation 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 Devsisters corporation (194480)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Devsisters corporation it is 16,268 KRW per share (as of Nov 9, 2026), against a price of 11,210 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 Devsisters corporation stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 194480 trades below its calculated fair value: price 11,210 KRW, fair value 16,268 KRW, a gap of about +45% (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 194480?
No. The price is what the market pays today (11,210 KRW); the fair value is what the company's own numbers justify (16,268 KRW). For Devsisters corporation the two are 5,058 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Devsisters corporation worth?
The market values Devsisters corporation at about 123B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 11,210 KRW; our models calculate a fair value of 16,268 KRW per share.
What do the bullish and bearish scenarios say about 194480?
Our models span a range for Devsisters corporation: cautious scenario 6,507 KRW, base 16,268 KRW, optimistic 20,335 KRW per share (as of Nov 9, 2026, price 11,210 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Devsisters corporation (194480)?
Balance-sheet figures for Devsisters corporation (as of Nov 9, 2026): return on equity −24.3%, debt of 0.22 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 194480 from its 52-week high?
Devsisters corporation trades at 11,210 KRW, about 74% below its 52-week high of 42,950 KRW and 1% above the low of 11,130 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 16,268 KRW is for.
Which stocks are comparable to Devsisters corporation?
From the same area (Communication Services) we also value NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, Zhejiang Century Huatong Group, 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 Devsisters corporation stock attractive at the current price?
The data as of Nov 9, 2026: price 11,210 KRW, calculated fair value 16,268 KRW (+45%), Quality Score 54/100, 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 194480 calculated?
We run Devsisters corporation 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 16,268 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. Devsisters corporation currently trades 31% 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 Devsisters corporation (194480)?
The closing price on Nov 9, 2026 was 11,210 KRW. Our model-based fair value is 16,268 KRW, about +45% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Devsisters corporation right now?
The model range is unusually wide (6,507 KRW to 20,335 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 (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Devsisters corporation
How large is the market capitalisation of Devsisters corporation (194480)?
The market capitalisation of Devsisters corporation is 123B KRW (≈ $90.9M). 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 Devsisters corporation (194480)?
The price-to-sales ratio of Devsisters corporation is 0.57 (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 Devsisters corporation (194480)?
Earnings per share at Devsisters corporation are −3,608 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Devsisters corporation (194480)?
The net margin of Devsisters corporation is −17.5% (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 Devsisters corporation (194480)?
The return on equity (ROE) of Devsisters corporation is −24.3% (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 Devsisters corporation (194480)?
On an EBIT basis the return on assets of Devsisters corporation is 1.2% (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 Devsisters corporation (194480)?
The operating margin of Devsisters corporation is −30.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Devsisters corporation (194480)?
Revenue at Devsisters corporation is growing −42.7% versus a year earlier (3y avg +11.3%). 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 Devsisters corporation (194480)?
Earnings per share at Devsisters corporation are growing −88.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Devsisters corporation (194480) carry?
The net debt of Devsisters corporation is 24.9B KRW (fiscal year 2025, ≈ 5.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Devsisters corporation in the live analysis
One click puts Devsisters corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 9, 2026