Mecaro Co. Ltd (241770) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Mecaro Co. Ltd stock KRW 21,206, price KRW 28,750, that is 26.2% below the price, quality 67 out of 100. Rating: overvalued. 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 6, 2026.
How to read this chart
60‑month range 6,988 KRW – 47,950 KRW · fair‑value band 14,508 KRW – 26,507 KRW · the 28,750 KRW price screens above the 21,206 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 6, 2026.
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Mecaro Co., Ltd. engages in the development, manufacturing, and sales of semiconductor equipment parts in South Korea, China, and internationally. It offers heater blocks for semiconductors. The company was founded in 1999 and is headquartered in Pyeongtaek-si, South Korea.
Stock analysis
Mecaro Co. Ltd (241770) currently trades at 28,750 KRW, while our model-based Fair Value estimate is 21,206 KRW, 26% 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 34,500 KRW per share, and 6 of the 25 models we run sit above the 28,750 KRW price.
Bear case: the Asset-Based group reads lowest at 7,623 KRW, and 19 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 14,508 KRW (bear) to 26,507 KRW (bull), the price of 28,750 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 67/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Mecaro Co. Ltd reported revenue of 94.6B KRW in FY2025 versus 82.8B KRW in FY2021, a compound +3.4%/yr. Reported net income was 12.6B KRW in FY2025, compounding +12.2%/yr from FY2021.
Key figures
Market cap 290B KRW (≈ $214M) Micro · P/E ratio 21.1 · P/S ratio 2.87 · EPS (TTM) 1,485 KRW · Dividend yield 1.2% · Net margin 14.9% · Return on equity 7.3% · Return on assets (EBIT) 1.6% (5-year average).
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 40% below its 52-week high and 43% 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 −26%, 241770 screens richer than that median.
Fair Value models
Bear14,508 KRWFair Value 21,206 KRWBull26,507 KRW
Price 28,750 KRW · Downside -26.2%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (972.99 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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
≈ +10.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +9.1%
Dividend (yield on the price)1.2%
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: 9.1% / 13.0%
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.−5% → 16%
⚠ Revenue per share shrinking 6.5%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 821 per share, median 2932 in 2016 to 2018). It measures the recovery from the trough, not lasting growth.
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).
+36.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +34.2% 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 Mecaro Co. Ltd (241770) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 21,206 KRW versus a price of 28,750 KRW, about 26% lower (overvalued).
What is the fair value of 241770?
Our model-based fair value for Mecaro Co. Ltd is 21,206 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 28,750 KRW.
What is the quality score of 241770?
Mecaro Co. Ltd has a Quality Score of 67/100. 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 Mecaro Co. Ltd (241770)?
Our model-based price target is the fair value of 21,206 KRW (as of Nov 6, 2026) from 25 valuation models. Cautious scenario 14,508 KRW, optimistic scenario 26,507 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Mecaro Co. Ltd stock forecast for 2026?
Our models put fair value at 21,206 KRW, about 26% lower versus a price of 28,750 KRW (overvalued). Cautious scenario 14,508 KRW, optimistic scenario 26,507 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Mecaro Co. Ltd (241770)?
Mecaro Co. Ltd reported trailing-twelve-month revenue of about 101B KRW (latest available figure, as of Nov 6, 2026).
Does Mecaro Co. Ltd pay a dividend?
Mecaro Co. Ltd currently shows a dividend yield of 1.22% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Mecaro Co. Ltd (241770) and when is the ex-dividend date?
Mecaro Co. Ltd pays a dividend of 350.00 KRW per share a year, a dividend yield of 1.2%. The last ex-dividend date was Mar 25, 2026. The payout ratio is 23.6% of earnings. Free cash flow covers the dividend 1.09 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 Mecaro Co. Ltd (241770)?
For today's price to be fair in a discounted-cash-flow model, Mecaro Co. Ltd would have to grow free cash flow by +36.9 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 241770 use?
Our models discount Mecaro Co. Ltd at 12.0 %: a base by market capitalisation (micro), damped by beta 0.66, 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 Mecaro Co. Ltd that is +36.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Mecaro Co. Ltd (241770) delivered so far?
Over the past 5 years revenue at Mecaro Co. Ltd grew +5.4 % a year. The price currently implies free-cash-flow growth of +36.9 % 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 Mecaro Co. Ltd (241770) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Mecaro Co. Ltd (+36.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mecaro Co. Ltd (241770)?
The free-cash-flow yield on the price is 1.35 %: that much free cash flow Mecaro Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mecaro Co. Ltd (241770)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mecaro Co. Ltd it is 21,206 KRW per share (as of Nov 6, 2026), against a price of 28,750 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 Mecaro Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 241770 trades above its calculated fair value: price 28,750 KRW, fair value 21,206 KRW, a gap of about −26% (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 241770?
No. The price is what the market pays today (28,750 KRW); the fair value is what the company's own numbers justify (21,206 KRW). For Mecaro Co. Ltd the two are 7,544 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Mecaro Co. Ltd worth?
The market values Mecaro Co. Ltd at about 290B KRW (market capitalisation, as of Nov 6, 2026). Per share that is 28,750 KRW; our models calculate a fair value of 21,206 KRW per share.
What do the bullish and bearish scenarios say about 241770?
Our models span a range for Mecaro Co. Ltd: cautious scenario 14,508 KRW, base 21,206 KRW, optimistic 26,507 KRW per share (as of Nov 6, 2026, price 28,750 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 241770?
Mecaro Co. Ltd trades at a price-to-earnings ratio of 21.1 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 21,206 KRW is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2017 to 2025), reported earnings: 14.9. Other multiples: P/B 1.4, P/S 2.9, EV/EBITDA 8.7.
How solid is the balance sheet of Mecaro Co. Ltd (241770)?
Balance-sheet figures for Mecaro Co. Ltd (as of Nov 6, 2026): return on equity 7.3%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 241770 from its 52-week high?
Mecaro Co. Ltd trades at 28,750 KRW, about 40% below its 52-week high of 47,950 KRW and 43% above the low of 20,037 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 21,206 KRW is for.
Which stocks are comparable to Mecaro 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 Mecaro Co. Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 28,750 KRW, calculated fair value 21,206 KRW (−26%), Quality Score 67/100, 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 241770 calculated?
We run Mecaro 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 21,206 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. Mecaro 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 Mecaro Co. Ltd (241770)?
The closing price on Nov 6, 2026 was 28,750 KRW. Our model-based fair value is 21,206 KRW, about 26% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mecaro Co. Ltd right now?
The price sits above even our optimistic bull case (26,507 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (14,508 KRW to 26,507 KRW) leaves room in how you read the outcome.
Key figures of Mecaro Co. Ltd
How large is the market capitalisation of Mecaro Co. Ltd (241770)?
The market capitalisation of Mecaro Co. Ltd is 290B KRW (≈ $214M). 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 Mecaro Co. Ltd (241770)?
The price-to-sales ratio of Mecaro Co. Ltd is 2.87 (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 Mecaro Co. Ltd (241770)?
Earnings per share at Mecaro Co. Ltd are 1,485 KRW (price ÷ EPS = P/E 21.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mecaro Co. Ltd (241770)?
The dividend yield of Mecaro Co. Ltd is 1.2% (payout 23.6%). 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 Mecaro Co. Ltd (241770)?
The net margin of Mecaro Co. Ltd is 14.9% (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 Mecaro Co. Ltd (241770)?
The return on equity (ROE) of Mecaro Co. Ltd is 7.3% (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 Mecaro Co. Ltd (241770)?
On an EBIT basis the return on assets of Mecaro Co. Ltd is 1.6% (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 Mecaro Co. Ltd (241770)?
The operating margin of Mecaro Co. Ltd is 17.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mecaro Co. Ltd (241770)?
Revenue at Mecaro Co. Ltd is growing +10.7% versus a year earlier. 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 Mecaro Co. Ltd (241770)?
Earnings per share at Mecaro Co. Ltd are growing +43.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 6, 2026