Dream Security co. vs Microsoft: Fair Value & Quality
Both stocks run through our valuation models. Here is how Dream Security co. (203650) and Microsoft (MSFT) compare, as of Aug 11, 2026.
As of Aug 11, 2026, Fair Value Calculator sees Dream Security co. as the less overvalued of the two: Dream Security co. trades at KRW 2,090 versus a fair value of KRW 1,472 (-30%), while Microsoft trades at $500 versus $274 (-45%).
Dream Security co.
203650.KQ · KRW · Energy
-30%
upside to fair value
overvalued
PriceKRW 2,090
Fair ValueKRW 1,472
Quality29/100
Microsoft
MSFT · USD · Information Technology
-45%
upside to fair value
overvalued
Price$500
Fair Value$274
Quality68/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Dream Security co.Microsoft
Valuation
—P/E (TTM)22.9×
—P/S (TTM)8.99×
—P/B8.33×
—EV/EBITDA15.6×
—PEG1.19×
—Dividend yield0.9%
—Dividend per share$3.56
Profitability
2%Net margin39%
3%Operating margin46%
5%Return on equity34%
2%Return on assets15%
Growth
46%Revenue growth (YoY)18%
12.5%Avg. growth/yr (3Y)12.4%
15.0%Avg. growth/yr (5Y)14.5%
Balance & size
0.68×Debt / equity0.12×
$138MMarket cap$2.9T
expensiveGrowth qualityexpensive
Microsoft leads: 3 to 5 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.
Dream Security co.of which business quality 27 · market factors 34Microsoftof which business quality 65 · market factors 51
ProfitabilityMargins and returns on capital today
30
75
Quality GrowthAre margins and returns improving?
53
53
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
56
1
Low VolatilityCalm price path (market factor)
17
57
MomentumPrice trend over the last 3–12 months (market factor)
44
48
52W MomentumDistance to the 52-week high (market factor)
35
51
Net IssuanceBuybacks instead of dilution
35
84
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.
Dream Security co.
DCF ModelsKRW 30,617
Earnings-BasedKRW 2,952
Dividend DiscountKRW 20
MultiplesKRW 1,799
Asset-BasedKRW 833
Economic ProfitKRW 2,248
Growth EarningsKRW 3,472
8 of 17 models see the stock below the current price.
Microsoft
DCF Models$289
Earnings-Based$189
Dividend Discount$61.93
Multiples$206
Asset-Based$30.98
Growth DCF$201
Economic Profit$184
Growth Earnings$276
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.
Dream Security co.
Bear KRW 1,104Fair Value KRW 1,472Bull KRW 1,840
KRW 2,090 = current price (white tick)
Microsoft
Bear $159Fair Value $274Bull $358
$500 = 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.
Dream Security co. · Energy
Quality score29 · bottom 25%
Fair value upside-30% · below median
Microsoft · Information Technology
Quality score68 · Top 25%
Fair value upside-45% · below median
Bottom line
As of Aug 11, 2026, Fair Value Calculator sees Dream Security co. as the less overvalued of the two: Dream Security co. trades at KRW 2,090 versus a fair value of KRW 1,472 (-30%), while Microsoft trades at $500 versus $274 (-45%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
