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Kec Holdings (006200) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Kec Holdings KRW 5,733, price KRW 1,911, upside +200.0%, quality 39 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Technology · KR · ISIN KR7006200000

KH Thin data Sep 24, 2026

Kec Holdings

006200 · KO

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value 5,733 KRW · Strongly undervalued (+200%)
!Quality 39/100
!Weak Growth (revenue 5y +4.5 %/yr)
!Loss-making · -1.1% net margin (TTM)
!Low debt · negative free cash flow
·5.23% dividend yield
!Trails peers (3/9)
!Narrow moat 19/100
!Evidence only low, so the estimate is less certain
!Weak on future: 16 out of 100
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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

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Price vs Fair Value

11,247 KRW 1,748 KRW Fair Value 5,733 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 1,748 KRW – 11,247 KRW · fair‑value band 3,806 KRW – 7,660 KRW · the 1,911 KRW price screens below the 5,733 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

KEC Holdings Co., Ltd., through its subsidiaries, produces and sells semiconductors in South Korea and internationally. The company engages in provision of management advisory and other consulting, and technology R&D and technical information services.

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KEC Holdings Co., Ltd., through its subsidiaries, produces and sells semiconductors in South Korea and internationally. The company engages in provision of management advisory and other consulting, and technology R&D and technical information services. It is also involved in development and leasing of real estate properties; import and export, and related agency business; E-commerce and internet-related businesses. In addition, the company engages in funding related activities. The company was formerly known as KOREA ELECTRONICS CO., LTD. and changed its name to KEC Holdings Co., Ltd. in September 2006. KEC Holdings Co., Ltd. KEC Holdings Co., Ltd. was founded in 1969 and is headquartered in Seoul, South Korea.

Stock analysis

Kec Holdings (006200) currently trades at 1,911 KRW, while our model-based Fair Value estimate is 5,733 KRW, implying the stock looks roughly 66.7% undervalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 80/100, which puts the evidence level at low.

Scenario range: 3,806 KRW (bear) to 7,660 KRW (bull), the price of 1,911 KRW sits below 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 39/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Kec Holdings reported revenue of 276B KRW in FY2025 versus 331B KRW in FY2021, a compound −4.5%/yr. Reported net income was −1.3B KRW in FY2025.

Key figures

Market cap 21.6B KRW (≈ $15.9M) · P/S ratio 0.08 · Dividend yield 5.2% · Net margin −0.5% · Return on equity −6.0% · Return on assets (EBIT) 1.3% · Operating margin −3.7% · Revenue (TTM) 278B KRW.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).

What moves the price

The share trades about 64% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −41% fair-value upside, at 200%, 006200 screens cheaper than that median.

Fair Value models

Bear 3,806 KRW Fair Value 5,733 KRW Bull 7,660 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
EV/EBITDA 10,273 KRW 13,088 KRW 15,903 KRW 67
NCAV (Graham) 7,772 KRW 10,414 KRW 15,543 KRW 54
All 2 models by family
Multiples
EV/EBITDA 10,273 KRW 13,088 KRW 15,903 KRW 67
Asset-Based
NCAV (Graham) 7,772 KRW 10,414 KRW 15,543 KRW 54

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Quality Score breakdown

Overall quality 39/100

Of which business quality 37 · Market factors (momentum, volatility) 19

Profitability 17
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 90
Share count: buybacks or dilution?

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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. 16/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−6.3%
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.
−5.2%
Revenue growth 5 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.
+4.5%
Start year 2020 (pandemic). Over 10 years: +7.6% a year
Revenue growth 26 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.
−2.7%
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.
−0.1% (2020) → −5.1% (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

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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 · 338 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside +200% · Top 25%
Profitability
Return on assets −2% · Bottom 25%
Net margin (TTM) −1% · Below median
Operating margin (TTM) −4% · Bottom 25%
Growth and dividend
Revenue growth 3% · Below median
Dividend yield (TTM) 5.2% · Top 25%
Balance sheet
Debt / equity 0.05× · Below median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 0
FUTURE (revenue growth)16 · sector 64
PAST (return on equity)0 · sector 22
HEALTH (low debt)98 · sector 95
DIVIDEND (yield)100 · sector 20

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
NVIDIA Corporation NVDA $225.51 $198.56 −12%
Taiwan Semiconductor Manufacturing Company TSM $452.00 $497.20 +10%
Broadcom Inc AVGO $354.99 $303.10 −15%
Micron Technology, Inc MU $1,081 $151.51 −86%
Advanced Micro Devices, Inc AMD $629.26 $122.60 −81%
SK hynix Inc 000660 1,862,000 KRW 2,048,200 KRW +10%
Intel Corporation INTC $127.39 $33.67 −74%
Arm Holdings ARM $306.34 $44.44 −85%
MediaTek Inc 2454 5,285 TWD 3,142 TWD −41%
Texas Instruments Incorporated TXN $270.65 $81.75 −70%

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Kec Holdings · Fair Value
5,733 KRW +67%Fair Value
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Cite: Fair Value Calculator (2026). "Kec Holdings Fair Value". https://www.fairvalue-calculator.com/stock/006200

Frequently asked questions

Is Kec Holdings (006200) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 5,733 KRW versus a price of 1,911 KRW, about +200% upside (undervalued).
What is the fair value of 006200?
Our model-based fair value for Kec Holdings is 5,733 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,911 KRW.
What is the quality score of 006200?
Kec Holdings has a Quality Score of 39/100. 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 Kec Holdings (006200)?
Our model-based price target is the fair value of 5,733 KRW (as of Sep 24, 2026) from 2 valuation models. Cautious scenario 3,806 KRW, optimistic scenario 7,660 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Kec Holdings stock forecast for 2026?
Our models put fair value at 5,733 KRW, about +200% upside versus a price of 1,911 KRW (undervalued). Cautious scenario 3,806 KRW, optimistic scenario 7,660 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Kec Holdings (006200)?
Kec Holdings reported trailing-twelve-month revenue of about 278B KRW (latest available figure, as of Sep 24, 2026).
Does Kec Holdings pay a dividend?
Kec Holdings currently shows a dividend yield of about 5.23% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Kec Holdings (006200)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kec Holdings it is 5,733 KRW per share (as of Sep 24, 2026), against a price of 1,911 KRW. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Kec Holdings stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 006200 trades below its calculated fair value: price 1,911 KRW, fair value 5,733 KRW, a gap of about +200% (undervalued). 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 006200?
No. The price is what the market pays today (1,911 KRW); the fair value is what the company's own numbers justify (5,733 KRW). For Kec Holdings the two are 3,822 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Kec Holdings worth?
The market values Kec Holdings at about 21.6B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 1,911 KRW; our models calculate a fair value of 5,733 KRW per share.
What do the bullish and bearish scenarios say about 006200?
Our models span a range for Kec Holdings: cautious scenario 3,806 KRW, base 5,733 KRW, optimistic 7,660 KRW per share (as of Sep 24, 2026, price 1,911 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Kec Holdings (006200)?
Balance-sheet figures for Kec Holdings (as of Sep 24, 2026): return on equity −6.0%, debt of 0.05 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is 006200 from its 52-week high?
Kec Holdings trades at 1,911 KRW, about 64% below its 52-week high of 5,240 KRW and 9% above the low of 1,748 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 5,733 KRW is for.
Which stocks are comparable to Kec Holdings?
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 Kec Holdings stock attractive at the current price?
The data as of Sep 24, 2026: price 1,911 KRW, calculated fair value 5,733 KRW (+200%), Quality Score 39/100, from 2 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 006200 calculated?
We run Kec Holdings through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 5,733 KRW, 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 14.0 % above its aggregate fair value. Kec Holdings currently trades 200 % below its own fair value, and the market average says nothing about that. 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 Kec Holdings (006200)?
The closing price on Sep 23, 2026 was 1,911 KRW. Our model-based fair value is 5,733 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kec Holdings right now?
The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (3,806 KRW). The market is more pessimistic than our downside scenario. 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 (3,806 KRW to 7,660 KRW) leaves room in how you read the outcome.

Key figures of Kec Holdings

How large is the market capitalisation of Kec Holdings (006200)?
The market capitalisation of Kec Holdings is 21.6B KRW (≈ $15.9M). 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 Kec Holdings (006200)?
The price-to-sales ratio of Kec Holdings is 0.08 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Kec Holdings (006200)?
The dividend yield of Kec Holdings is 5.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kec Holdings (006200)?
The net margin of Kec Holdings is −0.5% (fiscal year 2025). 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 Kec Holdings (006200)?
The return on equity (ROE) of Kec Holdings is −6.0% (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 Kec Holdings (006200)?
On an EBIT basis the return on assets of Kec Holdings is 1.3% (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 Kec Holdings (006200)?
The operating margin of Kec Holdings is −3.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kec Holdings (006200)?
Revenue at Kec Holdings is growing +3.2% versus a year earlier (3y avg −5.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kec Holdings (006200)?
Earnings per share at Kec Holdings are growing −78.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kec Holdings (006200) generate?
The free cash flow of Kec Holdings is −28.2B 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 Kec Holdings (006200) carry?
The net debt of Kec Holdings is 27.0B 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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