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ICTK Co., Ltd. (456010) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of ICTK Co., Ltd. stock KRW 10,326, price KRW 17,180, that is 39.9% below the price, quality 34 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Technology KR

IC ICTK Co., Ltd. logo Thin data Nov 10, 2026

ICTK Co., Ltd.

456010 · KQ
Very expensive, weak quality

Our calculation puts a fair price 40% below what the stock costs today.

Revenue last quarter +108% vs. a year ago.
Expensive Growth (revenue 3y +16.1 %/yr in KRW)
Fair value 10,326 KRW · Strongly overvalued
Quality 34/100
Loss-making · -166.2% net margin (FY2025)
Negative free cash flow
Trails peers (1/9)
Narrow moat 8/100 · thin data
Thin data
⟳ CyclicalEstimate
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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

36,350 KRW 4,810 KRW Fair Value 10,326 KRW May 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

30‑month range 4,810 KRW – 36,350 KRW · fair‑value band 7,744 KRW – 12,907 KRW · the 17,180 KRW price screens above the 10,326 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

ICTK Co., Ltd. researches, develops, manufactures, and sells semiconductor products through physically unclonable function and quantum technology in South Korea.

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The company offers security IP, hardware root of trust (HRoT), security chips, security modules and solutions, and post-quantum cryptography (PQC) services. It also provides quantum-resilient system architecture and security solutions.

The company was founded in 2001 and is headquartered in Seoul, South Korea. ICTK Co., Ltd. operates as a subsidiary of Bureau Veritas SA.

Stock analysis

ICTK Co., Ltd. (456010) currently trades at 17,180 KRW, while our estimate is 10,326 KRW, 40% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: 7,744 KRW (bear) to 12,907 KRW (bull), the price of 17,180 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 34/100 (below-average quality), in the Technology sector.

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

ICTK Co., Ltd. reported revenue of 4.0B KRW in FY2025 versus 2.0B KRW in FY2021, a compound +19.1%/yr. Reported net income was −6.7B KRW in FY2025.

Key figures

Market cap 291B KRW (≈ $218M) Micro · P/S ratio 57.0 · EPS (TTM) −985.01 KRW · Return on equity −34.1% · Return on assets (EBIT) −25.3% (5-year average) · Operating margin −113% · Revenue (TTM) 5.1B KRW · Revenue growth (YoY) +108%.

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 53% below its 52-week high and 55% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −10% fair-value upside, at −40%, 456010 screens richer than that median.

Fair Value

Bear 7,744 KRW Fair Value 10,326 KRW Bull 12,907 KRW
Price 17,180 KRW · Downside -39.9%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 34/100

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

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 38
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 90
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 42
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 26
Distance to the 52-week high, does not count
New shares 70
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. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−39.9%
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.
+16.1%
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.
−155.3% (2021) → −220.5% (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

456010 screens overvalued: fair value 40% below the price. Compare with NVIDIA Corporation →

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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 · 399 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 34 · Bottom 25%
Fair Value upside −39.9% · Below median
Profitability
Return on assets −9.1% · Bottom 25%
Net margin (12 months) −166.2% · Bottom 25%
Operating margin (12 months) −112.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 107.7% · Top 25%

Valuation Multiplesvs Semiconductors median · lower = cheaper

P/B 6.62× · Priciest 25%
P/S (12 months) 56.97× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 100
PAST (return on equity)0 · sector 24
HEALTH (low debt)0 · 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 Semiconductors stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
SK hynix Inc 000660 1,212,000 KRW 1,501,896 KRW +24% vs 456010
NVIDIA Corporation NVDA $168.89 $196.54 +16% vs 456010
Taiwan Semiconductor Manufacturing Company TSM $396.48 $427.48 +8% vs 456010
Broadcom Inc AVGO $331.98 $300.84 −9% vs 456010
Intel Corporation INTC $58.13 $52.14 −10% vs 456010
Micron Technology, Inc MU $725.11 $619.48 −15% vs 456010
Analog Devices, Inc ADI $393.30 $262.04 −33% vs 456010
Marvell Technology, Inc MRVL $154.39 $87.64 −43% vs 456010
Advanced Micro Devices, Inc AMD $515.21 $148.02 −71% vs 456010
Texas Instruments Incorporated TXN $300.52 $81.25 −73% vs 456010

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ICTK Co., Ltd.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "ICTK Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/456010

Frequently asked questions

Is ICTK Co., Ltd. (456010) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is 10,326 KRW versus a price of 17,180 KRW, about 40% lower (overvalued).
What is the fair value of 456010?
Our estimate for ICTK Co., Ltd. is 10,326 KRW (as of Nov 10, 2026), built from audited fundamentals. The current price: 17,180 KRW.
What is the quality score of 456010?
ICTK Co., Ltd. has a Quality Score of 34/100. 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 ICTK Co., Ltd. (456010)?
Our calculated price target is the estimate of 10,326 KRW (as of Nov 10, 2026). Cautious scenario 7,744 KRW, optimistic scenario 12,907 KRW. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the ICTK Co., Ltd. stock forecast for 2026?
Our estimate puts fair value at 10,326 KRW, about 40% lower versus a price of 17,180 KRW (overvalued). Cautious scenario 7,744 KRW, optimistic scenario 12,907 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of ICTK Co., Ltd. (456010)?
ICTK Co., Ltd. reported trailing-twelve-month revenue of about 5.1B KRW (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of ICTK Co., Ltd. (456010)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ICTK Co., Ltd. it is 10,326 KRW per share (as of Nov 10, 2026), against a price of 17,180 KRW.
Is ICTK Co., Ltd. stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 456010 trades above its calculated fair value: price 17,180 KRW, fair value 10,326 KRW, a gap of about −40% (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 456010?
No. The price is what the market pays today (17,180 KRW); the fair value is what the company's own numbers justify (10,326 KRW). For ICTK Co., Ltd. the two are 6,854 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is ICTK Co., Ltd. worth?
The market values ICTK Co., Ltd. at about 291B KRW (market capitalisation, as of Nov 10, 2026). Per share that is 17,180 KRW; our models calculate a fair value of 10,326 KRW per share.
What do the bullish and bearish scenarios say about 456010?
Our models span a range for ICTK Co., Ltd.: cautious scenario 7,744 KRW, base 10,326 KRW, optimistic 12,907 KRW per share (as of Nov 10, 2026, price 17,180 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ICTK Co., Ltd. (456010)?
Balance-sheet figures for ICTK Co., Ltd. (as of Nov 10, 2026): return on equity −34.1%. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 456010 from its 52-week high?
ICTK Co., Ltd. trades at 17,180 KRW, about 53% below its 52-week high of 36,350 KRW and 55% above the low of 11,090 KRW (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 10,326 KRW is for.
Which stocks are comparable to ICTK Co., Ltd.?
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 ICTK Co., Ltd. stock attractive at the current price?
The data as of Nov 10, 2026: price 17,180 KRW, calculated fair value 10,326 KRW (−40%), Quality Score 34/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. ICTK Co., Ltd. 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 ICTK Co., Ltd. (456010)?
The closing price on Nov 10, 2026 was 17,180 KRW. Our estimate is 10,326 KRW, about 40% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ICTK Co., Ltd. right now?
The price sits above even our optimistic bull case (12,907 KRW). The favourable scenario is already priced in. Weak quality (34/100) 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.

Key figures of ICTK Co., Ltd.

How large is the market capitalisation of ICTK Co., Ltd. (456010)?
The market capitalisation of ICTK Co., Ltd. is 291B KRW (≈ $218M). 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 ICTK Co., Ltd. (456010)?
The price-to-sales ratio of ICTK Co., Ltd. is 57.0 (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 ICTK Co., Ltd. (456010)?
Earnings per share at ICTK Co., Ltd. are −985.01 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of ICTK Co., Ltd. (456010)?
The return on equity (ROE) of ICTK Co., Ltd. is −34.1% (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 ICTK Co., Ltd. (456010)?
On an EBIT basis the return on assets of ICTK Co., Ltd. is −25.3% (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 ICTK Co., Ltd. (456010)?
The operating margin of ICTK Co., Ltd. is −113% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ICTK Co., Ltd. (456010)?
Revenue at ICTK Co., Ltd. is growing +108% versus a year earlier (3y avg +16.1%). 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 ICTK Co., Ltd. (456010) generate?
The free cash flow of ICTK Co., Ltd. is −4.8B 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 ICTK Co., Ltd. (456010) carry?
The net debt of ICTK Co., Ltd. is 3.3B KRW (fiscal year 2022). 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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