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Daou Data Corp (032190) Fair Value & Analysis

Technology · KR · Market cap 701B KRW

DD Daou Data Corp 032190 · KQ
Price20,200 KRW
Fair Value34,900 KRW
Upside+72.8%
Quality36/100
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Expensive Growth
Thin margins · 1.1% net margin
High debt · negative free cash flow
3.01% dividend yield
Ranks above peers (6/10)
Narrow moat 35/100
Evidence: Medium Range 26,175 KRW – 43,625 KRW Share as image

Fair value as of: Jul 20, 2026

From 7 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 35,220 KRW to 34,900 KRW (−0.9%) since Jun 26, 2026. Share price +6.5% over the past month.

Below-average quality, screening 73% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (26,175 KRW). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

48,584 KRW 8,899 KRW Fair Value 34,900 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 8,899 KRW – 48,584 KRW · fair‑value band 26,175 KRW – 43,625 KRW · the 20,200 KRW price screens below the 34,900 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Daou Data Corp (032190) currently trades at 20,200 KRW, while our model-based Fair Value estimate is 34,900 KRW, implying the stock looks roughly 72.8% undervalued today. The Quality Score stands at 36/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Daou Data Corp generated revenue of 23.8T KRW at a net margin of 1.1%. Revenue grew 148.6% year over year. It earns a return on equity of 19.8%. Net debt stands at 33.4T KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 26,175 KRW (bear case) to 43,625 KRW (bull case); at 20,200 KRW, the current price sits below 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 36% below its 52-week high and 39% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 73%, 032190 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
Residual Income 41,215 KRW 53,073 KRW 142,726 KRW 76
P/E Multiple 55,703 KRW 74,271 KRW 92,839 KRW 63
P/B Multiple 44,149 KRW 58,866 KRW 73,582 KRW 55
All 7 models by family
DCF Models
Owner Earnings 42,241 KRW 139,222 KRW 351,919 KRW 31
Earnings-Based
Graham-Dodd 38,849 KRW 270,930 KRW 380,210 KRW 54
Lynch FV 110,178 KRW 157,397 KRW 204,616 KRW 50
Multiples
P/E Multiple 55,703 KRW 74,271 KRW 92,839 KRW 63
P/B Multiple 44,149 KRW 58,866 KRW 73,582 KRW 55
Asset-Based
NCAV (Graham) 21,024 KRW 28,171 KRW 42,047 KRW 50
Economic Profit
Residual Income 41,215 KRW 53,073 KRW 142,726 KRW 76

Widest divergence: Earnings-Based (157,397 KRW) versus Asset-Based (28,171 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 23.8T KRW
Revenue growth (YoY) +149%
Net margin 1.1%
Return on equity 19.8%
Free cash flow −6.7T KRW FY2025
Operating margin 6.7%
More key figures
Dividend yield 3.0%
EPS growth (YoY) +87.2%
Net debt 33.4T KRW FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 31 · Market factors (momentum, volatility) 28

Profitability 21
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 8
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 82
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

Daou Data Corp. provides IT and online/offline payment infrastructure services in South Korea and internationally. It offers KIWOOM pay VAN services, including dynamic currency conversion, tax refund, and mobile app for operation management; KIWOOM pay PG services for online transactions, such as merchants management dashboard, and secure transaction; and …

Full company description

Daou Data Corp. provides IT and online/offline payment infrastructure services in South Korea and internationally. It offers KIWOOM pay VAN services, including dynamic currency conversion, tax refund, and mobile app for operation management; KIWOOM pay PG services for online transactions, such as merchants management dashboard, and secure transaction; and IT solutions, including software and online marketplace. The company was founded in 1992 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Daou Data Corp reported revenue of 18.1T KRW in FY2025 versus 6.6T KRW in FY2021, a compound +28.7%/yr. Reported net income was 219B KRW in FY2025, compounding +10.5%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
18.1T KRW
Latest YoY
+48.7%
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.
+22.8%
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.
+28.8%
Avg. growth/yr (19Y) 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.
+29.9%
Revenue +28.7%/yr
FY21 6.6T KRW
FY22 9.7T KRW
FY23 10.3T KRW
FY24 12.1T KRW
FY25 18.1T KRW
Net income +10.5%/yr
FY21 147B KRW
FY22 204B KRW
FY23 63.6B KRW
FY24 164B KRW
FY25 219B KRW

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Cite: Fair Value Calculator (2026). "Daou Data Corp Fair Value". https://www.fairvalue-calculator.com/stock/032190

Peer Group

Information Technology Services · 475 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 35 · Bottom 25%
Fair Value upside +73% · Top 25%
Return on equity (TTM) 20% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth 149% · Top 25%
Dividend yield (TTM) 3.0% · Above median
Debt / equity 2.41× · Higher than 75% of peers

Valuation Multiples vs Information Technology Services median · lower = cheaper

EV/EBITDA 0.6× · 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 100 · sector 21
FUTURE 100 · sector 31
PAST 79 · sector 37
HEALTH 0 · sector 97
DIVIDEND 60 · sector 37

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Daou Data Corp (032190) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 34,900 KRW versus a price of 20,200 KRW, about +73% (undervalued).
What is the fair value of 032190?
Our model-based fair value for Daou Data Corp is 34,900 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 20,200 KRW.
What is the quality score of 032190?
Daou Data Corp has a Quality Score of 36/100. 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 Daou Data Corp (032190)?
Daou Data Corp reported trailing-twelve-month revenue of about 23.8T KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 032190?
The net profit margin of Daou Data Corp is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.
Does Daou Data Corp pay a dividend?
Daou Data Corp currently shows a dividend yield of about 2.95% relative to its recent price (as of Jul 20, 2026).

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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