Atinum Investment Co. Ltd (021080) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Atinum Investment Co. Ltd KRW 4,170, price KRW 2,085, upside +100.0%, quality 84 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 1,838 KRW – 5,511 KRW · fair‑value band 1,811 KRW – 6,132 KRW · the 2,085 KRW price screens below the 4,170 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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Atinum Investment Co., Ltd is a venture capital firm specializing in growth-stage startups. The firm specializing in investments in ICT such as service, platform, deep tech, software, SaaS, content, game, material, system and Bio such as biotech, medical device, service and healthcare. Atinum Investment Co., Ltd, formerly known as Hanmi Venture Capital Co.
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Atinum Investment Co., Ltd is a venture capital firm specializing in growth-stage startups. The firm specializing in investments in ICT such as service, platform, deep tech, software, SaaS, content, game, material, system and Bio such as biotech, medical device, service and healthcare. Atinum Investment Co., Ltd, formerly known as Hanmi Venture Capital Co. Ltd, was established in 1988 and is based in Seoul, South Korea.
Stock analysis
Atinum Investment Co. Ltd (021080) currently trades at 2,085 KRW, while our model-based Fair Value estimate is 4,170 KRW, implying the stock looks roughly 50.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 13,902 KRW per share, and 11 of the 13 models we run sit above the 2,085 KRW price.
Bear case: the Dividend Discount group reads lowest at 774.59 KRW, and 2 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: 1,811 KRW (bear) to 6,132 KRW (bull), the price of 2,085 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 84/100 (high quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Atinum Investment Co. Ltd reported revenue of 70.6B KRW in FY2025 versus 118B KRW in FY2021, a compound −12.0%/yr. Reported net income was 25.1B KRW in FY2025, compounding −21.5%/yr from FY2021.
Key figures
Market cap 95.9B KRW (≈ $70.5M) · P/S ratio 3.25 · Dividend yield 6.7% · Net margin 35.6% · Return on equity 18.3% · Return on assets (EBIT) 18.3% · Operating margin 80.0% · Revenue (TTM) 30.3B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at 100%, 021080 screens cheaper than that median.
Fair Value models
Bear 1,811 KRWFair Value 4,170 KRWBull 6,132 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+36.4%
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.
−11.3%
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.
+17.0%
Start year 2020 (pandemic). Over 10 years: +11.0% 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.
−0.1%
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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.
+19.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.4%
Dividend (yield on the price)6.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.12% vs 17%, slowing
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.53% → 45%
Start year 2020 (pandemic)
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).
−31.3%
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 −32.7% a year for the price.
Compare Atinum Investment Co. Ltd with another stock
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.Asset Management · 658 stocks
Beats the industry median on 9/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score83 · Top 25%
Fair Value upside+100% · Top 25%
Profitability
Return on equity (TTM)18% · Top 25%
Return on assets18% · Top 25%
Net margin (TTM)43% · Above median
Operating margin (TTM)80% · Top 25%
Growth and dividend
Revenue growth28% · Above median
Dividend yield (TTM)6.7% · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is Atinum Investment Co. Ltd (021080) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 4,170 KRW versus a price of 2,085 KRW, about +100% upside (undervalued).
What is the fair value of 021080?
Our model-based fair value for Atinum Investment Co. Ltd is 4,170 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,085 KRW.
What is the quality score of 021080?
Atinum Investment Co. Ltd has a Quality Score of 84/100. 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 Atinum Investment Co. Ltd (021080)?
Our model-based price target is the fair value of 4,170 KRW (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 1,811 KRW, optimistic scenario 6,132 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Atinum Investment Co. Ltd stock forecast for 2026?
Our models put fair value at 4,170 KRW, about +100% upside versus a price of 2,085 KRW (undervalued). Cautious scenario 1,811 KRW, optimistic scenario 6,132 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Atinum Investment Co. Ltd (021080)?
Atinum Investment Co. Ltd reported trailing-twelve-month revenue of about 30.3B KRW (latest available figure, as of Sep 24, 2026).
Does Atinum Investment Co. Ltd pay a dividend?
Atinum Investment Co. Ltd currently shows a dividend yield of about 6.71% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Atinum Investment Co. Ltd (021080)?
For today's price to be fair in a discounted-cash-flow model, Atinum Investment Co. Ltd would have to grow free cash flow by -31.3 % per year for five years (discount rate 15.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 021080 use?
Our models discount Atinum Investment Co. Ltd at 15.6 %: a base by market capitalisation (micro), damped by beta 1.86, 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 Atinum Investment Co. Ltd that is -31.3 % per year a year over ten years, using the same discount rate (15.6 %) and the same formula as our fair value.
How much growth has Atinum Investment Co. Ltd (021080) delivered so far?
Over the past 5 years revenue at Atinum Investment Co. Ltd grew +17.0 % a year. The price currently implies -31.3 % 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 Atinum Investment Co. Ltd (021080) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Atinum Investment Co. Ltd (-31.3 % 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 Atinum Investment Co. Ltd (021080)?
The free-cash-flow yield on the price is 41.45 %: that much free cash flow Atinum Investment Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (15.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Atinum Investment Co. Ltd (021080)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Atinum Investment Co. Ltd it is 4,170 KRW per share (as of Sep 24, 2026), against a price of 2,085 KRW. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Atinum Investment Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 021080 trades below its calculated fair value: price 2,085 KRW, fair value 4,170 KRW, a gap of about +100% (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 021080?
No. The price is what the market pays today (2,085 KRW); the fair value is what the company's own numbers justify (4,170 KRW). For Atinum Investment Co. Ltd the two are 2,085 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Atinum Investment Co. Ltd worth?
The market values Atinum Investment Co. Ltd at about 95.9B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 2,085 KRW; our models calculate a fair value of 4,170 KRW per share.
What do the bullish and bearish scenarios say about 021080?
Our models span a range for Atinum Investment Co. Ltd: cautious scenario 1,811 KRW, base 4,170 KRW, optimistic 6,132 KRW per share (as of Sep 24, 2026, price 2,085 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Atinum Investment Co. Ltd (021080)?
Balance-sheet figures for Atinum Investment Co. Ltd (as of Sep 24, 2026): return on equity 18.3%. They feed the Quality Score of 84/100, which measures business quality independently of the share price.
How far is 021080 from its 52-week high?
Atinum Investment Co. Ltd trades at 2,085 KRW, about 45% below its 52-week high of 3,785 KRW and 7% above the low of 1,943 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 4,170 KRW is for.
Which stocks are comparable to Atinum Investment Co. Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, 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 Atinum Investment Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 2,085 KRW, calculated fair value 4,170 KRW (+100%), Quality Score 84/100, from 13 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 021080 calculated?
We run Atinum Investment Co. Ltd through 13 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 4,170 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. Atinum Investment Co. Ltd currently trades 100 % 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 Atinum Investment Co. Ltd (021080)?
The closing price on Sep 23, 2026 was 2,085 KRW. Our model-based fair value is 4,170 KRW, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Atinum Investment Co. Ltd right now?
The rarer combination: high quality (84/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide (1,811 KRW to 6,132 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Atinum Investment Co. Ltd
How large is the market capitalisation of Atinum Investment Co. Ltd (021080)?
The market capitalisation of Atinum Investment Co. Ltd is 95.9B KRW (≈ $70.5M). 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 Atinum Investment Co. Ltd (021080)?
The price-to-sales ratio of Atinum Investment Co. Ltd is 3.25 (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 Atinum Investment Co. Ltd (021080)?
The dividend yield of Atinum Investment Co. Ltd is 6.7%. 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 Atinum Investment Co. Ltd (021080)?
The net margin of Atinum Investment Co. Ltd is 35.6% (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 Atinum Investment Co. Ltd (021080)?
The return on equity (ROE) of Atinum Investment Co. Ltd is 18.3% (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 Atinum Investment Co. Ltd (021080)?
On an EBIT basis the return on assets of Atinum Investment Co. Ltd is 18.3% (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 Atinum Investment Co. Ltd (021080)?
The operating margin of Atinum Investment Co. Ltd is 80.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Atinum Investment Co. Ltd (021080)?
Revenue at Atinum Investment Co. Ltd is growing +27.6% versus a year earlier (3y avg −11.3%). 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 Atinum Investment Co. Ltd (021080)?
Earnings per share at Atinum Investment Co. Ltd are growing +29.5% versus a year earlier. How much earnings per share grew versus a year earlier.
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