Both stocks run through our valuation models. Here is how DNF Co.Ltd (092070) and TES Co. (095610) compare, as of Aug 10, 2026.
As of Aug 10, 2026, Fair Value Calculator sees DNF Co.Ltd as the less overvalued of the two: DNF Co.Ltd trades at KRW 13,530 versus a fair value of KRW 4,650 (-66%), while TES Co. trades at KRW 142,600 versus KRW 48,953 (-66%).
DNF Co.Ltd
092070.KQ · KRW · Information Technology
-66%
upside to fair value
overvalued
PriceKRW 13,530
Fair ValueKRW 4,650
Quality67/100
TES Co.
095610.KQ · KRW · Information Technology
-66%
upside to fair value
overvalued
PriceKRW 142,600
Fair ValueKRW 48,953
Quality69/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
DNF Co.LtdTES Co.
Valuation
—EV/EBITDA0.7×
0.5%Dividend yield1.9%
Profitability
12%Net margin17%
14%Operating margin14%
-113%Return on equity—
6%Return on assets9%
Growth
3%Revenue growth (YoY)67%
-6.5%Avg. growth/yr (3Y)-0.6%
-3.6%Avg. growth/yr (5Y)7.4%
Balance & size
—Debt / equity0.12×
$97MMarket cap$2B
weakGrowth qualityhealthy
TES Co. leads: 0 to 7 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
DNF Co.Ltdof which business quality 66 · market factors 19TES Co.of which business quality 68 · market factors 72
ProfitabilityMargins and returns on capital today
21
56
Quality GrowthAre margins and returns improving?
49
73
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
89
50
Low VolatilityCalm price path (market factor)
17
25
MomentumPrice trend over the last 3–12 months (market factor)
16
100
52W MomentumDistance to the 52-week high (market factor)
26
78
Net IssuanceBuybacks instead of dilution
97
87
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
DNF Co.Ltd
DCF ModelsKRW 11,067
Earnings-BasedKRW 966
MultiplesKRW 2,325
Asset-BasedKRW 9,389
Growth DCFKRW 15,307
Economic ProfitKRW 8,790
Growth EarningsKRW 1,762
13 of 19 models see the stock below the current price.
TES Co.
DCF ModelsKRW 71,102
Earnings-BasedKRW 65,569
Dividend DiscountKRW 10,171
MultiplesKRW 46,681
Asset-BasedKRW 13,279
Growth DCFKRW 71,996
Economic ProfitKRW 35,415
Growth EarningsKRW 84,671
26 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
DNF Co.Ltd
Bear KRW 3,487Fair Value KRW 4,650Bull KRW 5,812
KRW 13,530 = current price (white tick)
TES Co.
Bear KRW 36,715Fair Value KRW 48,953Bull KRW 80,911
KRW 142,600 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
DNF Co.Ltd · Information Technology
Quality score67 · Top 25%
Fair value upside-66% · below median
TES Co. · Information Technology
Quality score69 · Top 25%
Fair value upside-66% · below median
Bottom line
As of Aug 10, 2026, Fair Value Calculator sees DNF Co.Ltd as the less overvalued of the two: DNF Co.Ltd trades at KRW 13,530 versus a fair value of KRW 4,650 (-66%), while TES Co. trades at KRW 142,600 versus KRW 48,953 (-66%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
