BioNote Inc. (377740) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of BioNote Inc. stock KRW 1,796, price KRW 4,680, that is 61.6% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 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
47‑month range 3,348 KRW – 8,868 KRW · fair‑value band 1,268 KRW – 2,527 KRW · the 4,680 KRW price screens above the 1,796 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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BioNote, Inc., manufactures and sells in-vitro diagnostic animal medicines in South Korea. It offers animal diagnostics products, such as fluorescence immunoassay, molecular diagnostics, clinical biochemistry, rapid immunoassay, and enzyme-linked immunosorbent assay products.
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The company also provides bio-content products, including rapid immunoassay for humans, human intermediate goods, and bio-contents reagents. In addition, it engages in the production and sell of medical devices. BioNote, Inc. was founded in 2003 and is headquartered in Hwaseong-si, South Korea.
Stock analysis
BioNote Inc. (377740) currently trades at 4,680 KRW, while our model-based Fair Value estimate is 1,796 KRW, 62% 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 3,589 KRW per share, and 0 of the 13 models we run sit above the 4,680 KRW price.
Bear case: the Growth DCF group reads lowest at 1,348 KRW, and 13 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,268 KRW (bear) to 2,527 KRW (bull), the price of 4,680 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 54/100 (solid quality), in the Healthcare sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
BioNote Inc. reported revenue of 118B KRW in FY2025 versus 622B KRW in FY2021, a compound −34.0%/yr. Reported net income was −87.5B KRW in FY2025.
Key figures
Market cap 472B KRW (≈ $349M) Small · P/S ratio 3.65 · EPS (TTM) −1,245 KRW · Dividend yield 4.9% · Net margin −99.4% · Return on equity −7.8% · Return on assets (EBIT) 9.4% (5-year average) · Operating margin 23.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (medium confidence).
What moves the price
The share trades about 22% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −15% fair-value upside, at −62%, 377740 screens richer than that median.
Fair Value models
Bear1,268 KRWFair Value 1,796 KRWBull2,527 KRW
Price 4,680 KRW · Downside -61.6%
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.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.24/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+15.1%
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.
−37.3%
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.
−28.5%
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.
+19.8%
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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.
24.8% (2019) → 11.9% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
+38.1%
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 +35.3% 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.Medical Devices · 320 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−61.6% · Below median
Profitability
Return on assets−5.6% · Below median
Net margin (12 months)−99.4% · Bottom 25%
Operating margin (12 months)23.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)12.2% · Above median
Dividend yield (12 months)4.9% · Top 25%
Valuation Multiplesvs Medical Devices median · lower = cheaper
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). "BioNote Inc. Fair Value". https://www.fairvalue-calculator.com/stock/377740
Frequently asked questions
Is BioNote Inc. (377740) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 1,796 KRW versus a price of 4,680 KRW, about 62% lower (overvalued).
What is the fair value of 377740?
Our model-based fair value for BioNote Inc. is 1,796 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 4,680 KRW.
What is the quality score of 377740?
BioNote Inc. has a Quality Score of 54/100. 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 BioNote Inc. (377740)?
Our model-based price target is the fair value of 1,796 KRW (as of Nov 7, 2026) from 13 valuation models. Cautious scenario 1,268 KRW, optimistic scenario 2,527 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the BioNote Inc. stock forecast for 2026?
Our models put fair value at 1,796 KRW, about 62% lower versus a price of 4,680 KRW (overvalued). Cautious scenario 1,268 KRW, optimistic scenario 2,527 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of BioNote Inc. (377740)?
BioNote Inc. reported trailing-twelve-month revenue of about 126B KRW (latest available figure, as of Nov 7, 2026).
Does BioNote Inc. pay a dividend?
BioNote Inc. currently shows a dividend yield of 4.87% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of BioNote Inc. (377740) and when is the ex-dividend date?
BioNote Inc. pays a dividend of 228.00 KRW per share a year, a dividend yield of 4.9%. The last ex-dividend date was Mar 30, 2026. Free cash flow covers the dividend 0.27 times. 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 growth is priced into BioNote Inc. (377740)?
For today's price to be fair in a discounted-cash-flow model, BioNote Inc. would have to grow free cash flow by +38.1 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -28.5 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 377740 use?
Our models discount BioNote Inc. at 10.6 %: a base by market capitalisation (small), damped by beta 0.63, 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 BioNote Inc. that is +38.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has BioNote Inc. (377740) delivered so far?
Over the past 5 years revenue at BioNote Inc. grew -28.5 % a year. The price currently implies free-cash-flow growth of +38.1 % 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 BioNote Inc. (377740) growing?
The median revenue growth in the sector is +6.2 % a year. That is the yardstick for the growth priced into BioNote Inc. (+38.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of BioNote Inc. (377740)?
The free-cash-flow yield on the price is 1.29 %: that much free cash flow BioNote Inc. produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BioNote Inc. (377740)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BioNote Inc. it is 1,796 KRW per share (as of Nov 7, 2026), against a price of 4,680 KRW. It is the blended result of 13 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is BioNote Inc. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 377740 trades above its calculated fair value: price 4,680 KRW, fair value 1,796 KRW, a gap of about −62% (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 377740?
No. The price is what the market pays today (4,680 KRW); the fair value is what the company's own numbers justify (1,796 KRW). For BioNote Inc. the two are 2,884 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is BioNote Inc. worth?
The market values BioNote Inc. at about 472B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 4,680 KRW; our models calculate a fair value of 1,796 KRW per share.
What do the bullish and bearish scenarios say about 377740?
Our models span a range for BioNote Inc.: cautious scenario 1,268 KRW, base 1,796 KRW, optimistic 2,527 KRW per share (as of Nov 7, 2026, price 4,680 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of BioNote Inc. (377740)?
Balance-sheet figures for BioNote Inc. (as of Nov 7, 2026): return on equity −7.8%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 377740 from its 52-week high?
BioNote Inc. trades at 4,680 KRW, about 22% below its 52-week high of 5,971 KRW and 7% above the low of 4,365 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 1,796 KRW is for.
Which stocks are comparable to BioNote Inc.?
From the same area (Healthcare) we also value Abbott Laboratories,, Medtronic plc, Stryker Corporation, Boston Scientific 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 BioNote Inc. stock attractive at the current price?
The data as of Nov 7, 2026: price 4,680 KRW, calculated fair value 1,796 KRW (−62%), Quality Score 54/100, from 13 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 377740 calculated?
We run BioNote Inc. through 13 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 1,796 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. BioNote 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 BioNote Inc. (377740)?
The closing price on Nov 9, 2026 was 4,680 KRW. Our model-based fair value is 1,796 KRW, about 62% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BioNote Inc. right now?
The price sits above even our optimistic bull case (2,527 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (1,268 KRW to 2,527 KRW) leaves room in how you read the outcome.
Key figures of BioNote Inc.
How large is the market capitalisation of BioNote Inc. (377740)?
The market capitalisation of BioNote Inc. is 472B KRW (≈ $349M). 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 BioNote Inc. (377740)?
The price-to-sales ratio of BioNote Inc. is 3.65 (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 BioNote Inc. (377740)?
Earnings per share at BioNote Inc. are −1,245 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BioNote Inc. (377740)?
The dividend yield of BioNote Inc. is 4.9%. 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 BioNote Inc. (377740)?
The net margin of BioNote Inc. is −99.4% (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 BioNote Inc. (377740)?
The return on equity (ROE) of BioNote Inc. is −7.8% (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 BioNote Inc. (377740)?
On an EBIT basis the return on assets of BioNote Inc. is 9.4% (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 BioNote Inc. (377740)?
The operating margin of BioNote Inc. is 23.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BioNote Inc. (377740)?
Revenue at BioNote Inc. is growing +12.2% versus a year earlier (3y avg −37.3%). 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 BioNote Inc. (377740)?
Earnings per share at BioNote Inc. are growing −89.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does BioNote Inc. (377740) carry?
The net debt of BioNote Inc. is 5.4B KRW (fiscal year 2019, ≈ 0.9 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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Nov 7, 2026