Incross Co. Ltd (216050) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Incross Co. Ltd stock KRW 15,240, price KRW 5,080, upside +200.0%, quality 70 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 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 4,575 KRW – 29,631 KRW · fair‑value band 12,255 KRW – 18,225 KRW · the 5,080 KRW price screens below the 15,240 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Incross Co., Ltd. engages in mobile advertising business in South Korea. The company operates digital advertisement platforms. It also operates T deal, a trading platform for telecom users.
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In addition, the company offers Dawin, a video and mobile display ad network and ASUM, big data advertising platform. Further, it provides i-CAST, an advertising analytics solution for report making; Ad Bridge, a mobile advertising solution; and i-Reach Board, a video ad prediction solution.
Additionally, the company offers Incross Campaign Manager, an advertising data integration management solution, as well as provides digital marketing solutions. Furthermore, it is involved in software development and application software businesses; and engages in managing services for ONE store.
Incross Co., Ltd. was founded in 2007 and is based in Seoul, South Korea.
Stock analysis
Incross Co. Ltd (216050) currently trades at 5,080 KRW, while our model-based Fair Value estimate is 15,240 KRW, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 30,721 KRW per share, and 22 of the 25 models we run sit above the 5,080 KRW price.
Bear case: the Dividend Discount group reads lowest at 3,813 KRW, and 3 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: 12,255 KRW (bear) to 18,225 KRW (bull), the price of 5,080 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 70/100 (solid quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Incross Co. Ltd reported revenue of 50.5B KRW in FY2025 versus 51.8B KRW in FY2021, a compound −0.6%/yr. Reported net income was 12.0B KRW in FY2025, compounding −13.2%/yr from FY2021.
Key figures
Market cap 61.3B KRW (≈ $45.3M) Micro · P/E ratio 5.2 · P/S ratio 1.18 · EPS (TTM) 988.51 KRW · Dividend yield 5.9% · Net margin 22.9% · Return on equity 9.4% · Return on assets (EBIT) 6.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 10% fair-value upside, at 200%, 216050 screens cheaper than that median.
Fair Value models
Bear12,255 KRWFair Value 15,240 KRWBull18,225 KRW
Price 5,080 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 (592.13 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.74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.4%
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.
−1.8%
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.
+5.1%
Start year 2020 (pandemic). Over 10 years: +6.7% a year
Revenue growth 10 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.
+6.7%
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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.
+5.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.6%
Dividend (yield on the price)5.9%
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.−0.6% vs 6.7%, 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.37% → 23%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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.Advertising Agencies · 170 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)9.4% · Above median
Return on assets4.1% · Above median
Net margin (12 months)22.9% · Top 25%
Operating margin (12 months)24.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)13.1% · Above median
Dividend yield (12 months)5.9% · Top 25%
Valuation Multiplesvs Advertising Agencies median · lower = cheaper
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Is Incross Co. Ltd (216050) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 15,240 KRW versus a price of 5,080 KRW, about +200% upside (undervalued).
What is the fair value of 216050?
Our model-based fair value for Incross Co. Ltd is 15,240 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 5,080 KRW.
What is the quality score of 216050?
Incross Co. Ltd has a Quality Score of 70/100. 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 Incross Co. Ltd (216050)?
Our model-based price target is the fair value of 15,240 KRW (as of Nov 9, 2026) from 25 valuation models. Cautious scenario 12,255 KRW, optimistic scenario 18,225 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Incross Co. Ltd stock forecast for 2026?
Our models put fair value at 15,240 KRW, about +200% upside versus a price of 5,080 KRW (undervalued). Cautious scenario 12,255 KRW, optimistic scenario 18,225 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Incross Co. Ltd (216050)?
Incross Co. Ltd reported trailing-twelve-month revenue of about 52.1B KRW (latest available figure, as of Nov 9, 2026).
Does Incross Co. Ltd pay a dividend?
Incross Co. Ltd currently shows a dividend yield of 5.87% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Incross Co. Ltd (216050) and when is the ex-dividend date?
Incross Co. Ltd pays a dividend of 298.00 KRW per share a year, a dividend yield of 5.9%. The last ex-dividend date was Mar 31, 2026. The payout ratio is 30.1% of earnings. Free cash flow covers the dividend 7.14 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 Incross Co. Ltd (216050)?
For today's price to be fair in a discounted-cash-flow model, Incross Co. Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.1 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 216050 use?
Our models discount Incross Co. Ltd at 8.9 %: a base by market capitalisation (nano), damped by beta 0.27, 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 Incross Co. Ltd that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Incross Co. Ltd (216050) delivered so far?
Over the past 5 years revenue at Incross Co. Ltd grew +5.1 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 Incross Co. Ltd (216050) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Incross Co. Ltd (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Incross Co. Ltd (216050)?
The free-cash-flow yield on the price is 41.87 %: that much free cash flow Incross Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Incross Co. Ltd (216050)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Incross Co. Ltd it is 15,240 KRW per share (as of Nov 9, 2026), against a price of 5,080 KRW. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Incross Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 216050 trades below its calculated fair value: price 5,080 KRW, fair value 15,240 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 216050?
No. The price is what the market pays today (5,080 KRW); the fair value is what the company's own numbers justify (15,240 KRW). For Incross Co. Ltd the two are 10,160 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Incross Co. Ltd worth?
The market values Incross Co. Ltd at about 61.3B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 5,080 KRW; our models calculate a fair value of 15,240 KRW per share.
What do the bullish and bearish scenarios say about 216050?
Our models span a range for Incross Co. Ltd: cautious scenario 12,255 KRW, base 15,240 KRW, optimistic 18,225 KRW per share (as of Nov 9, 2026, price 5,080 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 216050?
Incross Co. Ltd trades at a price-to-earnings ratio of 5.2 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 15,240 KRW is built from several models across several years. Other multiples: P/B 0.5, P/S 1.2, EV/EBITDA 0.8.
How solid is the balance sheet of Incross Co. Ltd (216050)?
Balance-sheet figures for Incross Co. Ltd (as of Nov 9, 2026): return on equity 9.4%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 216050 from its 52-week high?
Incross Co. Ltd trades at 5,080 KRW, about 28% below its 52-week high of 7,019 KRW and 11% above the low of 4,575 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 15,240 KRW is for.
Which stocks are comparable to Incross Co. Ltd?
From the same area (Communication Services) we also value AppLovin Corporation, Publicis Groupe S.A, Omnicom Group, Focus Media Information 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 Incross Co. Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 5,080 KRW, calculated fair value 15,240 KRW (+200%), Quality Score 70/100, from 25 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 216050 calculated?
We run Incross Co. Ltd through 25 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 15,240 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. Incross 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 Incross Co. Ltd (216050)?
The closing price on Nov 6, 2026 was 5,080 KRW. Our model-based fair value is 15,240 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Incross Co. Ltd right now?
The price is below even our cautious bear case (12,255 KRW). The market is more pessimistic than our downside scenario. 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 (70/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Incross Co. Ltd
How large is the market capitalisation of Incross Co. Ltd (216050)?
The market capitalisation of Incross Co. Ltd is 61.3B KRW (≈ $45.3M). 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 Incross Co. Ltd (216050)?
The price-to-sales ratio of Incross Co. Ltd is 1.18 (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 Incross Co. Ltd (216050)?
Earnings per share at Incross Co. Ltd are 988.51 KRW (price ÷ EPS = P/E 5.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Incross Co. Ltd (216050)?
The dividend yield of Incross Co. Ltd is 5.9% (payout 30.1%). 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 Incross Co. Ltd (216050)?
The net margin of Incross Co. Ltd is 22.9% (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 Incross Co. Ltd (216050)?
The return on equity (ROE) of Incross Co. Ltd is 9.4% (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 Incross Co. Ltd (216050)?
On an EBIT basis the return on assets of Incross Co. Ltd is 6.2% (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 Incross Co. Ltd (216050)?
The operating margin of Incross Co. Ltd is 24.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Incross Co. Ltd (216050)?
Revenue at Incross Co. Ltd is growing +13.1% versus a year earlier (3y avg −1.8%). 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 Incross Co. Ltd (216050)?
Earnings per share at Incross Co. Ltd are growing +11.4% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Nov 9, 2026