STOCK COMPARISON
Nh Spac 8 vs TES Co.: Fair Value & Quality
Both stocks run through our valuation models. Here is how Nh Spac 8 (218410) and TES Co. (095610) compare, as of Aug 10, 2026.
As of Aug 10, 2026, Fair Value Calculator sees Nh Spac 8 as the less overvalued of the two: Nh Spac 8 trades at KRW 48,450 versus a fair value of KRW 20,781 (-57%), while TES Co. trades at KRW 124,600 versus KRW 48,953 (-61%).
Nh Spac 8
218410.KQ · KRW · Information Technology
-57%
upside to fair value
overvalued
PriceKRW 48,450
Fair ValueKRW 20,781
Quality70/100
TES Co.
095610.KQ · KRW · Information Technology
-61%
upside to fair value
overvalued
PriceKRW 124,600
Fair ValueKRW 48,953
Quality69/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Nh Spac 8TES Co.
Valuation
—EV/EBITDA0.7×
0.5%Dividend yield1.9%
Profitability
4%Net margin17%
1%Operating margin14%
245%Return on equity—
0%Return on assets9%
Growth
54%Revenue growth (YoY)67%
19.8%Avg. growth/yr (3Y)-0.6%
21.4%Avg. growth/yr (5Y)7.4%
Balance & size
0.14×Debt / equity0.12×
$852MMarket cap$2B
healthyGrowth qualityhealthy
TES Co. leads: 2 to 6 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.
Nh Spac 8of which business quality 68 · market factors 56
TES Co.of which business quality 68 · market factors 71
ProfitabilityMargins and returns on capital today
37
56
Quality GrowthAre margins and returns improving?
84
73
CashflowEarnings quality: real cash, not paper profit
59
62
Fin. StrengthBalance sheet, leverage, solvency risk
79
80
InvestmentDisciplined investing over empire-building
78
50
Low VolatilityCalm price path (market factor)
50
25
MomentumPrice trend over the last 3–12 months (market factor)
56
100
52W MomentumDistance to the 52-week high (market factor)
62
74
Net IssuanceBuybacks instead of dilution
88
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.
Nh Spac 8
DCF ModelsKRW 29,919
Earnings-BasedKRW 16,007
Dividend DiscountKRW 2,071
MultiplesKRW 22,566
Asset-BasedKRW 9,692
Growth DCFKRW 26,910
Economic ProfitKRW 16,375
Growth EarningsKRW 23,333
26 of 26 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
25 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.
Nh Spac 8
Bear KRW 15,586Fair Value KRW 20,781Bull KRW 26,176
KRW 48,450 = current price (white tick)
TES Co.
Bear KRW 36,715Fair Value KRW 48,953Bull KRW 80,911
KRW 124,600 = current price (white tick)
Compare two other stocks
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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.
Nh Spac 8 · Information Technology
Quality score70 · Top 25%
Fair value upside-57% · below median
TES Co. · Information Technology
Quality score69 · Top 25%
Fair value upside-61% · below median
Bottom line
As of Aug 10, 2026, Fair Value Calculator sees Nh Spac 8 as the less overvalued of the two: Nh Spac 8 trades at KRW 48,450 versus a fair value of KRW 20,781 (-57%), while TES Co. trades at KRW 124,600 versus KRW 48,953 (-61%).
Nh Spac 8 has the higher quality score (70/100).
See the full analysis →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
