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Wavice Inc (289930) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Wavice Inc stock KRW 3,825, price KRW 6,450, that is 40.7% below the price, quality 39 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.

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Technology KR

WI Wavice Inc logo Some data Nov 9, 2026

Wavice Inc

289930 · KQ
Very expensive, weak quality

Our calculation puts a fair price 41% below what the stock costs today.

Highly profitable · 133.1% net margin (TTM)
Low debt
Costs just 1.8 times its yearly profit.
Expensive Growth (revenue 3y +104.8 %/yr in KRW)
Mixed vs. peers (6/12)
Some data
Fair value 3,825 KRW · Strongly overvalued
Quality 39/100
Negative free cash flow
Narrow moat 41/100
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

23,800 KRW 5,830 KRW Fair Value 3,825 KRW Oct 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

24‑month range 5,830 KRW – 23,800 KRW · fair‑value band 2,869 KRW – 4,782 KRW · the 6,450 KRW price screens above the 3,825 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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Company profile

Wavice Inc. engages in the development, manufacture, and sale of GaN RF based compound semiconductors In south Korea. It also offers packaged transistors. In addition, It provides GaN RF products, such as Broadbands, L-bands, S-bands, and C-bands.

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The company was founded in 2011 and is based in Hwaseong-si, South Korea.

Stock analysis

Wavice Inc (289930) currently trades at 6,450 KRW, while our model-based Fair Value estimate is 3,825 KRW, 41% 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 6,905 KRW per share, and 4 of the 14 models we run sit above the 6,450 KRW price.

Bear case: the Asset-Based group reads lowest at 1,191 KRW, and 10 of the 14 models stay below the price. Data coverage for this calculation is medium.

Scenario range: 2,869 KRW (bear) to 4,782 KRW (bull), the price of 6,450 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 39/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Wavice Inc reported revenue of 40.7B KRW in FY2025 versus 4.4B KRW in FY2021, a compound +74.5%/yr. Reported net income was 1.8B KRW in FY2025.

Key figures

Market cap 88.6B KRW (≈ $65.5M) Micro · P/E ratio 1.8 · P/S ratio 2.26 · EPS (TTM) 3,960 KRW · Net margin 133% · Return on equity 76.9% · Return on assets (EBIT) −16.9% (5-year average) · Operating margin −9.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).

What moves the price

The share trades about 73% below its 52-week high and 11% 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 −41%, 289930 screens richer than that median.

Fair Value models

Bear 2,869 KRW Fair Value 3,825 KRW Bull 4,782 KRW
Price 6,450 KRW · Downside -40.7%
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 (3,396 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.
Best data coverage
EPV 1,315 KRW 1,342 KRW 1,364 KRW 71
EV/EBITDA 5,313 KRW 7,144 KRW 8,976 KRW 67
ROIC Compounder 1,315 KRW 1,342 KRW 1,364 KRW 67
All 14 models by family
Earnings-Based
Graham-Dodd 928.98 KRW 6,479 KRW 9,092 KRW 59
Lynch FV 3,347 KRW 4,782 KRW 6,216 KRW 57
PEG = 1.0 3,347 KRW 4,782 KRW 6,216 KRW 53
EPV 1,315 KRW 1,342 KRW 1,364 KRW 71
Multiples
P/E Multiple 2,869 KRW 3,825 KRW 4,782 KRW 63
P/S Multiple 1,742 KRW 2,322 KRW 2,903 KRW 58
P/B Multiple 17,374 KRW 23,165 KRW 28,956 KRW 55
EV/EBIT 677.26 KRW 963.56 KRW 1,250 KRW 65
EV/EBITDA 5,313 KRW 7,144 KRW 8,976 KRW 67
EV/Revenue 252.57 KRW 438.67 KRW 624.77 KRW 52
Asset-Based
NCAV (Graham) 786.21 KRW 1,191 KRW 1,489 KRW 54
Economic Profit
Residual Income 2,249 KRW 2,296 KRW 2,475 KRW 66
ROIC Compounder 1,315 KRW 1,342 KRW 1,364 KRW 67
Growth Earnings
Growth-Adj P/E 4,833 KRW 6,905 KRW 8,976 KRW 63

Open the full fair value analysis →

Quality Score breakdown

Overall quality 39/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 25
How much profit the company makes from its sales and capital
Quality Growth 83
Are margins and returns getting better?
Cashflow 5
Do the profits arrive as real cash?
Financial strength 46
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 24
How calm the share price moves, does not count
Price momentum 24
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 7
Distance to the 52-week high, does not count
New shares 80
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+38.5%
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.
+104.8%
Profit margin (trend) ⓘ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.
−261.1% (2021) → 1.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed

289930 screens overvalued: fair value 41% below the price. Compare with ASML Holding →

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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

Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 39 · Bottom 25%
Fair Value upside −40.7% · Below median
Profitability
Return on equity (12 months) 76.9% · Top 25%
Return on assets 1.6% · Below median
Net margin (12 months) 133.1% · Top 25%
Operating margin (12 months) −9.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −3.6% · Bottom 25%
Balance sheet
Debt / equity 0.36× · Highest 25%

Valuation Multiplesvs Semiconductor Equipment & Materials median · lower = cheaper

P/E (12 months) 1.8× · Cheapest 25%
P/B 1.73× · Cheaper than median
P/S (12 months) 2.26× · Cheaper than median
EV/EBITDA 12.1× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 100
PAST (return on equity)100 · sector 40
HEALTH (low debt)82 · sector 96
DIVIDEND (yield)0 · sector 19

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Applied Materials, Inc AMAT $332.72 $365.99 +10% vs 289930
Lam Research Corporation LRCX $200.44 $220.48 +10% vs 289930
Hon. Precision, Inc 7769 4,040 TWD 4,444 TWD +10% vs 289930
ASML Holding ASML €1,284 €1,345 +5% vs 289930
KLA Corporation KLAC $138.49 $129.49 −7% vs 289930
Entegris, Inc ENTG $127.98 $91.54 −28% vs 289930
Qnity Electronics, Inc Q $117.00 $70.54 −40% vs 289930
Advanced Micro-Fabrication Equipment Inc 688012 ¥254.00 ¥123.44 −51% vs 289930
Teradyne, Inc TER $218.22 $66.14 −70% vs 289930
Hangzhou Changchuan Technology Co 300604 ¥180.95 ¥45.22 −75% vs 289930

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Wavice Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Wavice Inc Fair Value". https://www.fairvalue-calculator.com/stock/289930

Frequently asked questions

Is Wavice Inc (289930) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 3,825 KRW versus a price of 6,450 KRW, about 41% lower (overvalued).
What is the fair value of 289930?
Our model-based fair value for Wavice Inc is 3,825 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 6,450 KRW.
What is the quality score of 289930?
Wavice Inc has a Quality Score of 39/100. 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 Wavice Inc (289930)?
Our model-based price target is the fair value of 3,825 KRW (as of Nov 9, 2026) from 14 valuation models. Cautious scenario 2,869 KRW, optimistic scenario 4,782 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Wavice Inc stock forecast for 2026?
Our models put fair value at 3,825 KRW, about 41% lower versus a price of 6,450 KRW (overvalued). Cautious scenario 2,869 KRW, optimistic scenario 4,782 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Wavice Inc (289930)?
Wavice Inc reported trailing-twelve-month revenue of about 39.1B KRW (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of Wavice Inc (289930)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wavice Inc it is 3,825 KRW per share (as of Nov 9, 2026), against a price of 6,450 KRW. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Wavice Inc stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 289930 trades above its calculated fair value: price 6,450 KRW, fair value 3,825 KRW, a gap of about −41% (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 289930?
No. The price is what the market pays today (6,450 KRW); the fair value is what the company's own numbers justify (3,825 KRW). For Wavice Inc the two are 2,625 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Wavice Inc worth?
The market values Wavice Inc at about 88.6B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 6,450 KRW; our models calculate a fair value of 3,825 KRW per share.
What do the bullish and bearish scenarios say about 289930?
Our models span a range for Wavice Inc: cautious scenario 2,869 KRW, base 3,825 KRW, optimistic 4,782 KRW per share (as of Nov 9, 2026, price 6,450 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 289930?
Wavice Inc trades at a price-to-earnings ratio of 1.8 (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 3,825 KRW is built from several models across several years. Other multiples: P/B 1.7, P/S 2.3, EV/EBITDA 12.1.
How solid is the balance sheet of Wavice Inc (289930)?
Balance-sheet figures for Wavice Inc (as of Nov 9, 2026): return on equity 76.9%, debt of 0.36 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is 289930 from its 52-week high?
Wavice Inc trades at 6,450 KRW, about 73% below its 52-week high of 23,800 KRW and 11% above the low of 5,830 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3,825 KRW is for.
Which stocks are comparable to Wavice Inc?
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 Wavice Inc stock attractive at the current price?
The data as of Nov 9, 2026: price 6,450 KRW, calculated fair value 3,825 KRW (−41%), Quality Score 39/100, from 14 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 289930 calculated?
We run Wavice Inc through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 3,825 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. Wavice Inc 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 Wavice Inc (289930)?
The closing price on Nov 6, 2026 was 6,450 KRW. Our model-based fair value is 3,825 KRW, about 41% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wavice Inc right now?
The price sits above even our optimistic bull case (4,782 KRW). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.

Key figures of Wavice Inc

How large is the market capitalisation of Wavice Inc (289930)?
The market capitalisation of Wavice Inc is 88.6B KRW (≈ $65.5M). 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 Wavice Inc (289930)?
The price-to-sales ratio of Wavice Inc is 2.26 (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 Wavice Inc (289930)?
Earnings per share at Wavice Inc are 3,960 KRW (price ÷ EPS = P/E 1.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Wavice Inc (289930)?
The net margin of Wavice Inc is 133% (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 Wavice Inc (289930)?
The return on equity (ROE) of Wavice Inc is 76.9% (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 Wavice Inc (289930)?
On an EBIT basis the return on assets of Wavice Inc is −16.9% (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 Wavice Inc (289930)?
The operating margin of Wavice Inc is −9.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wavice Inc (289930)?
Revenue at Wavice Inc is growing −3.6% versus a year earlier (3y avg +105%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Wavice Inc (289930) generate?
The free cash flow of Wavice Inc is −7.8B 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 Wavice Inc (289930) carry?
The net debt of Wavice Inc is 2.4B KRW (fiscal year 2025). 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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