KidariStudio Inc (020120) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of KidariStudio Inc KRW 6,768, price KRW 7,950, upside -14.9%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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 2,830 KRW – 18,696 KRW · fair‑value band 4,737 KRW – 8,798 KRW · the 7,950 KRW price screens above the 6,768 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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KidariStudio, Inc., together with its subsidiaries, develops and distributes media content in South Korea and internationally. The company operates through Webtoon, Web Novel, and Video divisions. It provides e-books in the fields of romance and martial arts; and e-learning services.
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KidariStudio, Inc., together with its subsidiaries, develops and distributes media content in South Korea and internationally. The company operates through Webtoon, Web Novel, and Video divisions. It provides e-books in the fields of romance and martial arts; and e-learning services. The company also operates Bomtoon, a platform that provides comics, especially webtoons, for mobile devices to adult female readers; Lezhin Comics, a platform that provides webtoons targeting adults; and Delitoon, a paid service webtoon platform. In addition, it engages in video production and copyright distribution services. The company was formerly known as Daouincube, Inc. and changed its name to KidariStudio, Inc. in March 2018. The company was founded in 1987 and is headquartered in Seoul, South Korea. KidariStudio, Inc. operates as a subsidiary of Daou Data Corp.
Stock analysis
KidariStudio Inc (020120) currently trades at 7,950 KRW, while our model-based Fair Value estimate is 6,768 KRW, implying the stock looks roughly 17.5% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 9,087 KRW per share, and 10 of the 24 models we run sit above the 7,950 KRW price.
Bear case: the Economic Profit group reads lowest at 3,359 KRW, and 14 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 4,737 KRW (bear) to 8,798 KRW (bull), the price of 7,950 KRW sits inside 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 61/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
KidariStudio Inc reported revenue of 217B KRW in FY2025 versus 119B KRW in FY2021, a compound +16.2%/yr. Reported net income was 6.6B KRW in FY2025, compounding +16.9%/yr from FY2021.
Key figures
Market cap 133B KRW (≈ $93.0M) · P/S ratio 0.58 · Net margin 3.0% · Return on equity 5.3% · Return on assets (EBIT) 1.2% · Operating margin 5.9% · Revenue (TTM) 228B KRW · Revenue growth (YoY) +20.9%.
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 14% below its 52-week high and 178% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 10% fair-value upside, at −15%, 020120 screens richer than that median.
Fair Value models
Bear 4,737 KRWFair Value 6,768 KRWBull 8,798 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.
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.77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.0%
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.
+8.7%
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.
+36.7%
Start year 2020 (pandemic). Over 10 years: +22.6% a year
Revenue growth 25 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.
+3.8%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+11.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.8%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.10% → 6%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+21.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +18.6% a year for the price.
Price, fair value, quality and upside side by side.
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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.Internet Content & Information · 150 stocks
Beats the industry median on 8/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−15% · Below median
Profitability
Return on equity (TTM)5% · Above median
Return on assets2% · Above median
Net margin (TTM)5% · Above median
Operating margin (TTM)6% · Above median
Growth and dividend
Revenue growth21% · Top 25%
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Internet Content & Information median · lower = cheaper
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Cite: Fair Value Calculator (2026). "KidariStudio Inc Fair Value". https://www.fairvalue-calculator.com/stock/020120
Frequently asked questions
Is KidariStudio Inc (020120) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6,768 KRW versus a price of 7,950 KRW, about −15% upside (overvalued).
What is the fair value of 020120?
Our model-based fair value for KidariStudio Inc is 6,768 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 7,950 KRW.
What is the quality score of 020120?
KidariStudio Inc has a Quality Score of 61/100. 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 KidariStudio Inc (020120)?
Our model-based price target is the fair value of 6,768 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 4,737 KRW, optimistic scenario 8,798 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the KidariStudio Inc stock forecast for 2026?
Our models put fair value at 6,768 KRW, about −15% upside versus a price of 7,950 KRW (overvalued). Cautious scenario 4,737 KRW, optimistic scenario 8,798 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of KidariStudio Inc (020120)?
KidariStudio Inc reported trailing-twelve-month revenue of about 228B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into KidariStudio Inc (020120)?
For today's price to be fair in a discounted-cash-flow model, KidariStudio Inc would have to grow free cash flow by +21.1 % per year for five years (discount rate 13.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +36.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 020120 use?
Our models discount KidariStudio Inc at 13.7 %: a base by market capitalisation (micro), damped by beta 1.17, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For KidariStudio Inc that is +21.1 % per year a year over ten years, using the same discount rate (13.7 %) and the same formula as our fair value.
How much growth has KidariStudio Inc (020120) delivered so far?
Over the past 5 years revenue at KidariStudio Inc grew +36.7 % a year. The price currently implies +21.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of KidariStudio Inc (020120) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into KidariStudio Inc (+21.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of KidariStudio Inc (020120)?
The free-cash-flow yield on the price is 4.09 %: that much free cash flow KidariStudio Inc produces per unit of market value. When it exceeds the discount rate of our models (13.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of KidariStudio Inc (020120)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KidariStudio Inc it is 6,768 KRW per share (as of Sep 24, 2026), against a price of 7,950 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is KidariStudio Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 020120 trades above its calculated fair value: price 7,950 KRW, fair value 6,768 KRW, a gap of about −15% (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 020120?
No. The price is what the market pays today (7,950 KRW); the fair value is what the company's own numbers justify (6,768 KRW). For KidariStudio Inc the two are 1,182 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is KidariStudio Inc worth?
The market values KidariStudio Inc at about 133B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 7,950 KRW; our models calculate a fair value of 6,768 KRW per share.
What do the bullish and bearish scenarios say about 020120?
Our models span a range for KidariStudio Inc: cautious scenario 4,737 KRW, base 6,768 KRW, optimistic 8,798 KRW per share (as of Sep 24, 2026, price 7,950 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of KidariStudio Inc (020120)?
Balance-sheet figures for KidariStudio Inc (as of Sep 24, 2026): return on equity 5.3%, debt of 0.00 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 020120 from its 52-week high?
KidariStudio Inc trades at 7,950 KRW, about 14% below its 52-week high of 9,250 KRW and 178% above the low of 2,855 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 6,768 KRW is for.
Which stocks are comparable to KidariStudio Inc?
From the same area (Communication Services) we also value Alphabet Inc, Meta Platforms, Inc, Tencent Holdings, Spotify Technology S.A, 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 KidariStudio Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 7,950 KRW, calculated fair value 6,768 KRW (−15%), Quality Score 61/100, from 24 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 020120 calculated?
We run KidariStudio Inc through 24 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 6,768 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 13.0 % above its aggregate fair value. KidariStudio Inc 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 KidariStudio Inc (020120)?
The closing price on Sep 23, 2026 was 7,950 KRW. Our model-based fair value is 6,768 KRW, about −15% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KidariStudio Inc right now?
Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (4,737 KRW to 8,798 KRW) leaves room in how you read the outcome.
Key figures of KidariStudio Inc
How large is the market capitalisation of KidariStudio Inc (020120)?
The market capitalisation of KidariStudio Inc is 133B KRW (≈ $93.0M). 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 KidariStudio Inc (020120)?
The price-to-sales ratio of KidariStudio Inc is 0.58 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of KidariStudio Inc (020120)?
The net margin of KidariStudio Inc is 3.0% (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 KidariStudio Inc (020120)?
The return on equity (ROE) of KidariStudio Inc is 5.3% (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 KidariStudio Inc (020120)?
On an EBIT basis the return on assets of KidariStudio Inc is 1.2% (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 KidariStudio Inc (020120)?
The operating margin of KidariStudio Inc is 5.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KidariStudio Inc (020120)?
Revenue at KidariStudio Inc is growing +20.9% versus a year earlier (3y avg +8.7%). 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 KidariStudio Inc (020120)?
Earnings per share at KidariStudio Inc are growing +226% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does KidariStudio Inc (020120) carry?
The net debt of KidariStudio Inc is 1.5B KRW (fiscal year 2019, ≈ 0.1 yrs of FCF). 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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