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Synopex Inc (025320) Fair Value & Analysis

Technology · KR · Market cap 325B KRW

SI Synopex Inc 025320 · KQ
Price4,105 KRW
Fair Value1,361 KRW
Upside-66.8%
Quality39/100
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Mixed Growth
Thin margins · 1.9% net margin
Low debt · generates free cash flow
Trails peers (2/9)
Narrow moat 26/100
Evidence: High Range 1,021 KRW – 1,701 KRW Share as image

Fair value as of: Jul 22, 2026

From 23 valuation models · updated 19 days ago

Share price −3.4% over the past month.

Below-average quality, and screening another 67% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,701 KRW). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

12,082 KRW 1,913 KRW Fair Value 1,361 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 1,913 KRW – 12,082 KRW · fair‑value band 1,021 KRW – 1,701 KRW · the 4,105 KRW price screens above the 1,361 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Synopex Inc (025320) currently trades at 4,105 KRW, while our model-based Fair Value estimate is 1,361 KRW, implying the stock looks roughly 66.8% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Synopex Inc generated revenue of 252B KRW at a net margin of 1.9%. Revenue declined 14.9% year over year. It earns a return on equity of 2.5%. Net debt stands at 2.9B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,021 KRW (bear case) to 1,701 KRW (bull case); at 4,105 KRW, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 51% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -67%, 025320 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Growth DCF 890.72 KRW 1,047 KRW 1,270 KRW 80
Rev-Margin DCF 1,042 KRW 1,358 KRW 1,686 KRW 74
ROIC Compounder 1,168 KRW 1,284 KRW 1,388 KRW 72
All 23 models by family
DCF Models
FCF DCF 877.05 KRW 1,042 KRW 1,284 KRW 38
Owner Earnings 1,103 KRW 1,368 KRW 1,759 KRW 31
5Y Revenue Exit 1,042 KRW 1,356 KRW 1,742 KRW 39
5Y EBITDA Exit 2,042 KRW 3,110 KRW 4,301 KRW 41
5Y P/E Exit 1,315 KRW 1,836 KRW 2,349 KRW 38
10Y Revenue Exit 958.58 KRW 1,232 KRW 1,567 KRW 36
10Y EBITDA Exit 1,614 KRW 2,436 KRW 3,450 KRW 37
10Y P/E Exit 1,152 KRW 1,561 KRW 2,014 KRW 35
Earnings-Based
Graham-Dodd 544.41 KRW 1,159 KRW 1,470 KRW 54
PEG = 1.0 176.53 KRW 252.19 KRW 327.84 KRW 46
EPV 1,168 KRW 1,284 KRW 1,388 KRW 59
Multiples
P/E Multiple 1,201 KRW 1,601 KRW 2,001 KRW 63
P/S Multiple 1,021 KRW 1,361 KRW 1,701 KRW 58
P/B Multiple 1,021 KRW 1,361 KRW 1,701 KRW 55
EV/EBIT 1,498 KRW 1,828 KRW 2,158 KRW 53
EV/EBITDA 2,997 KRW 3,827 KRW 4,656 KRW 54
EV/Revenue 1,175 KRW 1,461 KRW 1,748 KRW 43
Asset-Based
NCAV (Graham) 933.16 KRW 1,250 KRW 1,866 KRW 50
Growth DCF
Growth DCF 890.72 KRW 1,047 KRW 1,270 KRW 80
Rev-Margin DCF 1,042 KRW 1,358 KRW 1,686 KRW 74
Economic Profit
Residual Income 1,425 KRW 1,428 KRW 1,336 KRW 61
ROIC Compounder 1,168 KRW 1,284 KRW 1,388 KRW 72
Growth Earnings
Growth-Adj P/E 886.97 KRW 1,267 KRW 1,647 KRW 68

Widest divergence: Multiples (1,461 KRW) versus Growth DCF (1,047 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 252B KRW
Revenue growth (YoY) -14.9%
Net margin 1.9%
Return on equity 2.5%
Free cash flow 3.1B KRW FY2025
Operating margin 2.3%
More key figures
EPS growth (YoY) -46.8%
Net debt 2.9B KRW FY2023

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 43 · Market factors (momentum, volatility) 17

Profitability 38
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 4
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 21
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Synopex Inc. manufactures and sells FPCB products and electronic components in South Korea and internationally. It offers electric wires; mask filters; water treatment filters; and membrane filters. The company was founded in 1985 and is based in Pohang, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Synopex Inc reported revenue of 262B KRW in FY2025 versus 232B KRW in FY2021, a compound +3.1%/yr. Reported net income was 7.4B KRW in FY2025, compounding −7.3%/yr from FY2021.

Growth Quality 52/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
262B KRW
Latest YoY
+9.7%
Avg. growth/yr (3Y) 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.
+2.2%
Avg. growth/yr (5Y) 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.
+3.9%
Avg. growth/yr (17Y) 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.
+5.0%
Revenue +3.1%/yr
FY21 232B KRW
FY22 245B KRW
FY23 262B KRW
FY24 238B KRW
FY25 262B KRW
Net income −7.3%/yr
FY21 10.0B KRW
FY22 8.5B KRW
FY23 14.6B KRW
FY24 28.1B KRW
FY25 7.4B KRW

025320 screens 67% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Synopex Inc Fair Value". https://www.fairvalue-calculator.com/stock/025320

Peer Group

Electronic Components · 625 stocks

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.

Quality Score 39 · Bottom 25%
Fair Value upside −67% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 0% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth -15% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/FCF 0.1× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 32
PAST 10 · sector 24
HEALTH 99 · sector 95
DIVIDEND 0 · sector 25

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Synopex Inc (025320) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,361 KRW versus a price of 4,105 KRW, about −67% (overvalued).
What is the fair value of 025320?
Our model-based fair value for Synopex Inc is 1,361 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 4,105 KRW.
What is the quality score of 025320?
Synopex Inc 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 revenue of Synopex Inc (025320)?
Synopex Inc reported trailing-twelve-month revenue of about 252B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 025320?
The net profit margin of Synopex Inc is about 1.9%, meaning it keeps roughly 1.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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