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Smart Radar System Inc. (424960) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Smart Radar System Inc. stock KRW 852, price KRW 2,390, that is 64.3% below the price, quality 42 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Technology KR

SR Smart Radar System Inc. logo Thin data Nov 3, 2026

Smart Radar System Inc.

424960 · KQ
Very expensive, weak quality

Our calculation puts a fair price 64% below what the stock costs today.

Low debt
Quality 42/100
Expensive Growth (revenue 3y +32.7 %/yr in KRW)
Revenue last quarter 26% below a year ago.
Fair value 852.19 KRW · Strongly overvalued
Loss-making · -102.9% net margin (TTM)
Negative free cash flow
Trails peers (2/10)
Narrow moat 8/100 · thin data
Thin data
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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

30,000 KRW 2,390 KRW Fair Value 852.19 KRW Aug 2023 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

39‑month range 2,390 KRW – 30,000 KRW · fair‑value band 562.44 KRW – 1,065 KRW · the 2,390 KRW price screens above the 852.19 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.

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Company profile

Smart Radar System Inc. provides RF antenna design, hardware module, radar signal processing algorithm, and software API in South Korea and internationally. It offers imaging radar and package products; and single radar, package, and modules.

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It serves automotive, industrial, healthcare, and smart place sectors. Smart Radar System Inc. was founded in 2017 and is headquartered in Seongnam-si, South Korea.

Stock analysis

Smart Radar System Inc. (424960) currently trades at 2,390 KRW, while our model-based Fair Value estimate is 852.19 KRW, 64% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: 562.44 KRW (bear) to 1,065 KRW (bull), the price of 2,390 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 42/100 (below-average quality), in the Technology sector.

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

Smart Radar System Inc. reported revenue of 9.4B KRW in FY2025 versus 3.5B KRW in FY2021, a compound +28.1%/yr. Reported net income was −3.0B KRW in FY2025.

Key figures

Market cap 41.2B KRW (≈ $30.5M) Micro · P/S ratio 6.01 · EPS (TTM) −508.25 KRW · Net margin −103% · Return on equity −40.4% · Return on assets (EBIT) −25.9% (5-year average) · Operating margin −92.5% · Revenue (TTM) 8.1B KRW.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).

What moves the price

The share trades about 73% 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 −45% fair-value upside, at −64%, 424960 screens richer than that median.

Fair Value models

Bear 562.44 KRW Fair Value 852.19 KRW Bull 1,065 KRW
Price 2,390 KRW · Downside -64.3%
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.
Best data coverage
NCAV (Graham) 562.44 KRW 852.19 KRW 1,065 KRW 54
All 1 models by family
Asset-Based
NCAV (Graham) 562.44 KRW 852.19 KRW 1,065 KRW 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 42/100

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

Profitability 6
How much profit the company makes from its sales and capital
Quality Growth 100
Are margins and returns getting better?
Cashflow 18
Do the profits arrive as real cash?
Financial strength 51
Debt, balance sheet and risk of trouble
Investment 29
Does it invest with discipline instead of growing at any price?
Low Volatility 19
How calm the share price moves, does not count
Price momentum 5
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 71
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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+98.4%
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.
+32.7%
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.
−130.7% (2021) → −56.1% (2025)
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

424960 screens overvalued: fair value 64% below the price. Compare with Keysight Technologies, Inc →

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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.Scientific & Technical Instruments · 160 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 42 · Bottom 25%
Fair Value upside −64.3% · Bottom 25%
Profitability
Return on assets −8.8% · Bottom 25%
Net margin (12 months) −102.9% · Bottom 25%
Operating margin (12 months) −92.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −25.7% · Bottom 25%

Valuation Multiplesvs Scientific & Technical Instruments median · lower = cheaper

P/B 2.16× · Cheaper than median
P/S (12 months) 5.06× · Pricier 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 47
PAST (return on equity)0 · sector 24
HEALTH (low debt)100 · sector 99
DIVIDEND (yield)0 · sector 20

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Garmin Ltd GRMN $285.57 $314.13 +10% vs 424960
Teledyne Technologies Incorporated TDY $618.60 $680.46 +10% vs 424960
MKS Inc MKSI $192.27 $199.16 +4% vs 424960
Cognex Corporation CGNX $47.78 $38.10 −20% vs 424960
Fortive Corporation FTV $65.37 $35.67 −45% vs 424960
Trimble Inc TRMB $54.11 $29.48 −46% vs 424960
Chroma ATE Inc 2360 1,250 TWD 607.12 TWD −51% vs 424960
Coherent Corp COHR $192.81 $92.93 −52% vs 424960
Keysight Technologies, Inc KEYS $272.13 $117.27 −57% vs 424960
AVIC Chengdu Aircraft Company 302132 ¥70.00 ¥12.60 −82% vs 424960

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Smart Radar System Inc.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Smart Radar System Inc. Fair Value". https://www.fairvalue-calculator.com/stock/424960

Frequently asked questions

Is Smart Radar System Inc. (424960) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 852.19 KRW versus a price of 2,390 KRW, about 64% lower (overvalued).
What is the fair value of 424960?
Our model-based fair value for Smart Radar System Inc. is 852.19 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 2,390 KRW.
What is the quality score of 424960?
Smart Radar System Inc. has a Quality Score of 42/100. 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 Smart Radar System Inc. (424960)?
Our model-based price target is the fair value of 852.19 KRW (as of Nov 3, 2026) from 1 valuation models. Cautious scenario 562.44 KRW, optimistic scenario 1,065 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Smart Radar System Inc. stock forecast for 2026?
Our models put fair value at 852.19 KRW, about 64% lower versus a price of 2,390 KRW (overvalued). Cautious scenario 562.44 KRW, optimistic scenario 1,065 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Smart Radar System Inc. (424960)?
Smart Radar System Inc. reported trailing-twelve-month revenue of about 8.1B KRW (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of Smart Radar System Inc. (424960)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Smart Radar System Inc. it is 852.19 KRW per share (as of Nov 3, 2026), against a price of 2,390 KRW. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Smart Radar System Inc. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 424960 trades above its calculated fair value: price 2,390 KRW, fair value 852.19 KRW, a gap of about −64% (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 424960?
No. The price is what the market pays today (2,390 KRW); the fair value is what the company's own numbers justify (852.19 KRW). For Smart Radar System Inc. the two are 1,538 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Smart Radar System Inc. worth?
The market values Smart Radar System Inc. at about 41.2B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 2,390 KRW; our models calculate a fair value of 852.19 KRW per share.
What do the bullish and bearish scenarios say about 424960?
Our models span a range for Smart Radar System Inc.: cautious scenario 562.44 KRW, base 852.19 KRW, optimistic 1,065 KRW per share (as of Nov 3, 2026, price 2,390 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Smart Radar System Inc. (424960)?
Balance-sheet figures for Smart Radar System Inc. (as of Nov 3, 2026): return on equity −40.4%. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 424960 from its 52-week high?
Smart Radar System Inc. trades at 2,390 KRW, about 73% below its 52-week high of 8,870 KRW and at the low of 2,390 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 852.19 KRW is for.
Which stocks are comparable to Smart Radar System Inc.?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Coherent Corp, Teledyne Technologies Incorporated, 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 Smart Radar System Inc. stock attractive at the current price?
The data as of Nov 3, 2026: price 2,390 KRW, calculated fair value 852.19 KRW (−64%), Quality Score 42/100, from 1 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 424960 calculated?
We run Smart Radar System Inc. through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 852.19 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. Smart Radar System 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 Smart Radar System Inc. (424960)?
The closing price on Nov 6, 2026 was 2,390 KRW. Our model-based fair value is 852.19 KRW, about 64% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Smart Radar System Inc. right now?
The price sits above even our optimistic bull case (1,065 KRW). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (562.44 KRW to 1,065 KRW) leaves room in how you read the outcome.

Key figures of Smart Radar System Inc.

How large is the market capitalisation of Smart Radar System Inc. (424960)?
The market capitalisation of Smart Radar System Inc. is 41.2B KRW (≈ $30.5M). 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 Smart Radar System Inc. (424960)?
The price-to-sales ratio of Smart Radar System Inc. is 6.01 (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 Smart Radar System Inc. (424960)?
Earnings per share at Smart Radar System Inc. are −508.25 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Smart Radar System Inc. (424960)?
The net margin of Smart Radar System Inc. is −103% (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 Smart Radar System Inc. (424960)?
The return on equity (ROE) of Smart Radar System Inc. is −40.4% (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 Smart Radar System Inc. (424960)?
On an EBIT basis the return on assets of Smart Radar System Inc. is −25.9% (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 Smart Radar System Inc. (424960)?
The operating margin of Smart Radar System Inc. is −92.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Smart Radar System Inc. (424960)?
Revenue at Smart Radar System Inc. is growing −25.7% versus a year earlier (3y avg +32.7%). 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 Smart Radar System Inc. (424960) generate?
The free cash flow of Smart Radar System Inc. is −4.3B 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 Smart Radar System Inc. (424960) carry?
The net debt of Smart Radar System Inc. is 5.2B 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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