Nepes Ark Corp. (330860) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Nepes Ark Corp. stock KRW 7,851, price KRW 17,080, that is 54.0% below the price, quality 67 out of 100. Rating: strongly overvalued. Calculated from audited financials with 20 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 8,830 KRW – 57,700 KRW · fair‑value band 6,639 KRW – 9,813 KRW · the 17,080 KRW price screens above the 7,851 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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Nepes Ark Corporation engages in the semiconductor manufacturing-related testing and engineering services in South Korea. It is also involved in semiconductor test production, and semiconductor product wholesale and retail businesses.
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The company was founded in 2019 and is headquartered in Goesan-eup, South Korea.
Stock analysis
Nepes Ark Corp. (330860) currently trades at 17,080 KRW, while our model-based Fair Value estimate is 7,851 KRW, 54% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 18,550 KRW per share, and 7 of the 20 models we run sit above the 17,080 KRW price.
Bear case: the Earnings-Based group reads lowest at 3,772 KRW, and 13 of the 20 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 6,639 KRW (bear) to 9,813 KRW (bull), the price of 17,080 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.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Nepes Ark Corp. reported revenue of 114B KRW in FY2025 versus 114B KRW in FY2021, a compound 0.0%/yr. Reported net income was 3.4B KRW in FY2025, compounding −39.0%/yr from FY2021.
Key figures
Market cap 208B KRW (≈ $154M) Micro · P/E ratio 18.4 · P/S ratio 1.84 · EPS (TTM) 1,194 KRW · Net margin 13.2% · Return on equity 8.4% · Return on assets (EBIT) 2.6% (5-year average) · Operating margin 17.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (medium confidence).
What moves the price
The share trades about 70% below its 52-week high and 13% 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 −54%, 330860 screens richer than that median.
Fair Value models
Bear6,639 KRWFair Value 7,851 KRWBull9,813 KRW
Price 17,080 KRW · Downside -54.0%
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 (1,024 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.3%
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.
−9.5%
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.
+11.0%
Start year 2020 (pandemic)
Revenue growth 6 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.
+13.0%
’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.
−26.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.2%
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.13% → 6%
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).
+2.4%
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 +0.3% 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.Semiconductors · 369 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−54.0% · Below median
Profitability
Return on equity (12 months)8.4% · Above median
Return on assets1.2% · Below median
Net margin (12 months)13.2% · Above median
Operating margin (12 months)17.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)−4.9% · Bottom 25%
Balance sheet
Debt / equity0.48× · Highest 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
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Is Nepes Ark Corp. (330860) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 7,851 KRW versus a price of 17,080 KRW, about 54% lower (overvalued).
What is the fair value of 330860?
Our model-based fair value for Nepes Ark Corp. is 7,851 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 17,080 KRW.
What is the quality score of 330860?
Nepes Ark Corp. 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 Nepes Ark Corp. (330860)?
Our model-based price target is the fair value of 7,851 KRW (as of Nov 7, 2026) from 20 valuation models. Cautious scenario 6,639 KRW, optimistic scenario 9,813 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Nepes Ark Corp. stock forecast for 2026?
Our models put fair value at 7,851 KRW, about 54% lower versus a price of 17,080 KRW (overvalued). Cautious scenario 6,639 KRW, optimistic scenario 9,813 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Nepes Ark Corp. (330860)?
Nepes Ark Corp. reported trailing-twelve-month revenue of about 113B KRW (latest available figure, as of Nov 7, 2026).
What growth is priced into Nepes Ark Corp. (330860)?
For today's price to be fair in a discounted-cash-flow model, Nepes Ark Corp. would have to grow free cash flow by +2.4 % per year for five years (discount rate 15.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 330860 use?
Our models discount Nepes Ark Corp. at 15.6 %: a base by market capitalisation (micro), damped by beta 1.88, 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 Nepes Ark Corp. that is +2.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (15.6 %) and the same formula as our fair value.
How much growth has Nepes Ark Corp. (330860) delivered so far?
Over the past 5 years revenue at Nepes Ark Corp. grew +11.0 % a year. The price currently implies free-cash-flow growth of +2.4 % 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 Nepes Ark Corp. (330860) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into Nepes Ark Corp. (+2.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nepes Ark Corp. (330860)?
The free-cash-flow yield on the price is 17.46 %: that much free cash flow Nepes Ark Corp. produces per unit of market value. When it exceeds the discount rate of our models (15.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nepes Ark Corp. (330860)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nepes Ark Corp. it is 7,851 KRW per share (as of Nov 7, 2026), against a price of 17,080 KRW. It is the blended result of 20 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Nepes Ark Corp. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 330860 trades above its calculated fair value: price 17,080 KRW, fair value 7,851 KRW, a gap of about −54% (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 330860?
No. The price is what the market pays today (17,080 KRW); the fair value is what the company's own numbers justify (7,851 KRW). For Nepes Ark Corp. the two are 9,229 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Nepes Ark Corp. worth?
The market values Nepes Ark Corp. at about 208B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 17,080 KRW; our models calculate a fair value of 7,851 KRW per share.
What do the bullish and bearish scenarios say about 330860?
Our models span a range for Nepes Ark Corp.: cautious scenario 6,639 KRW, base 7,851 KRW, optimistic 9,813 KRW per share (as of Nov 7, 2026, price 17,080 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 330860?
Nepes Ark Corp. trades at a price-to-earnings ratio of 18.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 7,851 KRW is built from several models across several years. Other multiples: P/B 1.2, P/S 1.8, EV/EBITDA 3.6.
How solid is the balance sheet of Nepes Ark Corp. (330860)?
Balance-sheet figures for Nepes Ark Corp. (as of Nov 7, 2026): return on equity 8.4%, debt of 0.48 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 330860 from its 52-week high?
Nepes Ark Corp. trades at 17,080 KRW, about 70% below its 52-week high of 57,700 KRW and 13% above the low of 15,140 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 7,851 KRW is for.
Which stocks are comparable to Nepes Ark Corp.?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, 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 Nepes Ark Corp. stock attractive at the current price?
The data as of Nov 7, 2026: price 17,080 KRW, calculated fair value 7,851 KRW (−54%), Quality Score 67/100, from 20 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 330860 calculated?
We run Nepes Ark Corp. through 20 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 7,851 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. Nepes Ark Corp. 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 Nepes Ark Corp. (330860)?
The closing price on Nov 6, 2026 was 17,080 KRW. Our model-based fair value is 7,851 KRW, about 54% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nepes Ark Corp. right now?
The price sits above even our optimistic bull case (9,813 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.
Key figures of Nepes Ark Corp.
How large is the market capitalisation of Nepes Ark Corp. (330860)?
The market capitalisation of Nepes Ark Corp. is 208B KRW (≈ $154M). 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 Nepes Ark Corp. (330860)?
The price-to-sales ratio of Nepes Ark Corp. is 1.84 (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 Nepes Ark Corp. (330860)?
Earnings per share at Nepes Ark Corp. are 1,194 KRW (price ÷ EPS = P/E 18.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nepes Ark Corp. (330860)?
The net margin of Nepes Ark Corp. is 13.2% (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 Nepes Ark Corp. (330860)?
The return on equity (ROE) of Nepes Ark Corp. is 8.4% (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 Nepes Ark Corp. (330860)?
On an EBIT basis the return on assets of Nepes Ark Corp. is 2.6% (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 Nepes Ark Corp. (330860)?
The operating margin of Nepes Ark Corp. is 17.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nepes Ark Corp. (330860)?
Revenue at Nepes Ark Corp. is growing −4.9% versus a year earlier (3y avg −9.5%). 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 Nepes Ark Corp. (330860)?
Earnings per share at Nepes Ark Corp. are growing +469% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nepes Ark Corp. (330860) carry?
The net debt of Nepes Ark Corp. is 71.0B KRW (fiscal year 2025, ≈ 2.0 yrs of FCF). 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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Some data
Nov 7, 2026