M2I Corporation (347890) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of M2I Corporation stock KRW 2,203, price KRW 3,320, that is 33.6% below the price, quality 40 out of 100. Rating: overvalued. Calculated from audited financials with 12 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 3,320 KRW – 10,629 KRW · fair‑value band 1,652 KRW – 3,249 KRW · the 3,320 KRW price screens above the 2,203 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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MX On CORPORATION manufactures and sells human-machine interface (HMI) systems in South Korea, and internationally. The company offers smart HMI, smart SCADA, smart DEVICE, and smart factory solution products. It also provides after sale services, training, and software services.
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Its products are used in display mobile phone, semiconductor electronics, chemical steel, automobile shipbuilding, food pharmacy, secondary cell solar, textile packaging, automated logistics, pharmacy bio medical devices, packaging logistics, chemical plant, and energy applications.
The company was formerly known as M2I Corporation and change its name to MX On CORPORATION in April 2026. The company was founded in 1999 and is headquartered in Anyang-si, South Korea.
Stock analysis
M2I Corporation (347890) currently trades at 3,320 KRW, while our model-based Fair Value estimate is 2,203 KRW, 34% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 3,177 KRW per share, and 2 of the 12 models we run sit above the 3,320 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,076 KRW, and 10 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,652 KRW (bear) to 3,249 KRW (bull), the price of 3,320 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 40/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
M2I Corporation reported revenue of 62.3B KRW in FY2025 versus 39.3B KRW in FY2021, a compound +12.2%/yr. Reported net income was 1.7B KRW in FY2025, compounding −35.8%/yr from FY2021.
Key figures
Market cap 54.0B KRW (≈ $39.9M) Micro · P/E ratio 8.7 · P/S ratio 1.49 · EPS (TTM) 383.63 KRW · Dividend yield 1.8% · Net margin 17.2% · Return on equity 8.6% · Return on assets (EBIT) 8.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 55% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −34%, 347890 screens richer than that median.
Fair Value models
Bear1,652 KRWFair Value 2,203 KRWBull3,249 KRW
Price 3,320 KRW · Downside -33.6%
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 (277.53 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+69.2%
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.
+14.3%
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.
+13.4%
Start year 2020 (pandemic)
Revenue growth 7 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.
+15.7%
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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.
−27.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−29.2%
Dividend (yield on the price)1.8%
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.33% → −9%
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.Computer Hardware · 213 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−33.6% · Below median
Profitability
Return on equity (12 months)8.6% · Above median
Return on assets3.2% · Below median
Net margin (12 months)63.1% · Top 25%
Operating margin (12 months)12.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−3.1% · Bottom 25%
Dividend yield (12 months)1.8% · Below median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (12 months)8.7× · Cheapest 25%
P/B0.73× · Cheapest 25%
P/S (12 months)5.48× · Priciest 25%
EV/EBITDA27.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 8
FUTURE (revenue growth)0· sector 84
PAST (return on equity)35· sector 33
HEALTH (low debt)97· sector 97
DIVIDEND (yield)36· sector 50
VALUE 0: the price sits above our fair-value range.
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). "M2I Corporation Fair Value". https://www.fairvalue-calculator.com/stock/347890
Frequently asked questions
Is M2I Corporation (347890) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 2,203 KRW versus a price of 3,320 KRW, about 34% lower (overvalued).
What is the fair value of 347890?
Our model-based fair value for M2I Corporation is 2,203 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 3,320 KRW.
What is the quality score of 347890?
M2I Corporation has a Quality Score of 40/100. 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 M2I Corporation (347890)?
Our model-based price target is the fair value of 2,203 KRW (as of Nov 7, 2026) from 12 valuation models. Cautious scenario 1,652 KRW, optimistic scenario 3,249 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the M2I Corporation stock forecast for 2026?
Our models put fair value at 2,203 KRW, about 34% lower versus a price of 3,320 KRW (overvalued). Cautious scenario 1,652 KRW, optimistic scenario 3,249 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of M2I Corporation (347890)?
M2I Corporation reported trailing-twelve-month revenue of about 36.2B KRW (latest available figure, as of Nov 7, 2026).
Does M2I Corporation pay a dividend?
M2I Corporation currently shows a dividend yield of 1.81% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of M2I Corporation (347890) and when is the ex-dividend date?
M2I Corporation pays a dividend of 60.00 KRW per share a year, a dividend yield of 1.8%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2020. The payout ratio is 15.6% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of M2I Corporation (347890)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For M2I Corporation it is 2,203 KRW per share (as of Nov 7, 2026), against a price of 3,320 KRW. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is M2I Corporation stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 347890 trades above its calculated fair value: price 3,320 KRW, fair value 2,203 KRW, a gap of about −34% (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 347890?
No. The price is what the market pays today (3,320 KRW); the fair value is what the company's own numbers justify (2,203 KRW). For M2I Corporation the two are 1,117 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is M2I Corporation worth?
The market values M2I Corporation at about 54.0B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 3,320 KRW; our models calculate a fair value of 2,203 KRW per share.
What do the bullish and bearish scenarios say about 347890?
Our models span a range for M2I Corporation: cautious scenario 1,652 KRW, base 2,203 KRW, optimistic 3,249 KRW per share (as of Nov 7, 2026, price 3,320 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 347890?
M2I Corporation trades at a price-to-earnings ratio of 8.7 (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 2,203 KRW is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 15.3. Other multiples: P/B 0.7, P/S 5.5, EV/EBITDA 27.8.
How solid is the balance sheet of M2I Corporation (347890)?
Balance-sheet figures for M2I Corporation (as of Nov 7, 2026): return on equity 8.6%, debt of 0.06 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 347890 from its 52-week high?
M2I Corporation trades at 3,320 KRW, about 55% below its 52-week high of 7,380 KRW and at the low of 3,320 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2,203 KRW is for.
Which stocks are comparable to M2I Corporation?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, Seagate Technology Holdings, 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 M2I Corporation stock attractive at the current price?
The data as of Nov 7, 2026: price 3,320 KRW, calculated fair value 2,203 KRW (−34%), Quality Score 40/100, from 12 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 347890 calculated?
We run M2I Corporation through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2,203 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. M2I Corporation 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 M2I Corporation (347890)?
The closing price on Nov 6, 2026 was 3,320 KRW. Our model-based fair value is 2,203 KRW, about 34% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with M2I Corporation right now?
The price sits above even our optimistic bull case (3,249 KRW). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (1,652 KRW to 3,249 KRW) leaves room in how you read the outcome.
Key figures of M2I Corporation
How large is the market capitalisation of M2I Corporation (347890)?
The market capitalisation of M2I Corporation is 54.0B KRW (≈ $39.9M). 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 M2I Corporation (347890)?
The price-to-sales ratio of M2I Corporation is 1.49 (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 M2I Corporation (347890)?
Earnings per share at M2I Corporation are 383.63 KRW (price ÷ EPS = P/E 8.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of M2I Corporation (347890)?
The dividend yield of M2I Corporation is 1.8% (payout 15.6%). 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 M2I Corporation (347890)?
The net margin of M2I Corporation is 17.2% (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 M2I Corporation (347890)?
The return on equity (ROE) of M2I Corporation is 8.6% (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 M2I Corporation (347890)?
On an EBIT basis the return on assets of M2I Corporation is 8.4% (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 M2I Corporation (347890)?
The operating margin of M2I Corporation is 12.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at M2I Corporation (347890)?
Revenue at M2I Corporation is growing −3.1% versus a year earlier (3y avg +14.3%). 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 M2I Corporation (347890)?
Earnings per share at M2I Corporation are growing −16.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does M2I Corporation (347890) generate?
The free cash flow of M2I Corporation is −1.9B 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 M2I Corporation (347890) carry?
The net debt of M2I Corporation is 21.6B 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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Nov 7, 2026