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Softcen Co. Ltd (032685) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Softcen Co. Ltd KRW 2,811, price KRW 5,730, upside -50.9%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Technology · KR · ISIN KR7032680001

SC Thin data Oct 2, 2026

Softcen Co. Ltd

032685 · KQ

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value 2,811 KRW · Strongly overvalued (−50.9%)
!Quality 51/100
!Weak Growth (revenue 5y −7.0 %/yr)
!Thin margins · 8.4% net margin (TTM)
✓Low debt · generates free cash flow
!Moderate moat 45/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

85,000 KRW 5,350 KRW Fair Value 2,811 KRW Mar 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.

How to read this chart

60‑month range 5,350 KRW – 85,000 KRW · fair‑value band 2,513 KRW – 3,282 KRW · the 5,730 KRW price screens above the 2,811 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.

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Company profile

Softcen Co., Ltd. offers big data solutions and services. The company collects, analyzes, manages, and distributes medical, pharmaceutical, and bio information using cloud and big data infrastructure and IT capabilities.

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Softcen Co., Ltd. offers big data solutions and services. The company collects, analyzes, manages, and distributes medical, pharmaceutical, and bio information using cloud and big data infrastructure and IT capabilities. It also provides IT solutions in analytics, commerce, IoT, hybrid cloud, social, system, and security areas; and IT infrastructure, such as pre-consulting, infrastructure construction, and integrated maintenance services. The company formerly known as BTC Korea Co., Ltd. and changed its name to Softcen Co., Ltd. in April 2014. Softcen Co., Ltd. was founded in 1988 and is based in Seoul, South Korea.

Stock analysis

Softcen Co. Ltd (032685) currently trades at 5,730 KRW, while our model-based Fair Value estimate is 2,811 KRW, 50.9% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 3,893 KRW per share, and 0 of the 13 models we run sit above the 5,730 KRW price.

Bear case: the Asset-Based group reads lowest at 1,145 KRW, and 13 of the 13 models stay below the price. Evidence for this calculation is low.

Scenario range: 2,513 KRW (bear) to 3,282 KRW (bull), the price of 5,730 KRW sits above 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 51/100 (solid quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Softcen Co. Ltd reported revenue of 54.8B KRW in FY2025 versus 92.5B KRW in FY2021, a compound −12.3%/yr. Reported net income was −2.2B KRW in FY2025.

Key figures

Market cap 14.2B KRW (≈ $10.6M) · P/S ratio 0.18 · Net margin −3.9% · Return on equity 9.7% · Return on assets (EBIT) 6.7% · Operating margin 13.4% · Revenue (TTM) 77.3B KRW · Revenue growth (YoY) −25.6%.

Competitive moat

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

What moves the price

The share trades about 85% below its 52-week high and 7% above its 52-week low.

For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −51%, 032685 screens richer than that median.

Fair Value models

Bear 2,513 KRW Fair Value 2,811 KRW Bull 3,282 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. 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
FCF DCF 2,698 KRW 3,064 KRW 3,721 KRW 82
Growth DCF 2,741 KRW 3,093 KRW 3,677 KRW 80
5Y EBITDA Exit 2,987 KRW 3,665 KRW 4,562 KRW 77
All 13 models by family
DCF Models
FCF DCF 2,698 KRW 3,064 KRW 3,721 KRW 82
5Y Revenue Exit 2,556 KRW 2,919 KRW 3,445 KRW 74
5Y EBITDA Exit 2,987 KRW 3,665 KRW 4,562 KRW 77
10Y Revenue Exit 2,586 KRW 2,856 KRW 3,143 KRW 68
10Y EBITDA Exit 2,862 KRW 3,307 KRW 3,784 KRW 70
Earnings-Based
EPV 2,114 KRW 2,180 KRW 2,237 KRW 74
Multiples
EV/EBIT 3,344 KRW 3,893 KRW 4,442 KRW 66
EV/EBITDA 3,428 KRW 4,005 KRW 4,581 KRW 67
EV/Revenue 2,531 KRW 2,887 KRW 3,244 KRW 54
Asset-Based
NCAV (Graham) 854.31 KRW 1,145 KRW 1,709 KRW 54
Growth DCF
Growth DCF 2,741 KRW 3,093 KRW 3,677 KRW 80
Rev-Margin DCF 2,556 KRW 2,943 KRW 3,420 KRW 74
Economic Profit
ROIC Compounder 2,114 KRW 2,181 KRW 2,240 KRW 72

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Quality Score breakdown

Overall quality 51/100

Of which business quality 48 · Market factors (momentum, volatility) 1

Profitability 12
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 4
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 64
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. 32/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−8.5%
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.
−9.3%
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.
−7.0%
Start year 2020 (pandemic). Over 10 years: −2.7% a year
Revenue growth 13 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.
+5.8%
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.
4.5% (2020) → 5.0% (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

Growth Forecast

A lot of optimism in the price
The price assumes more 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).
+28.8%
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 +26.2% a year for the price.

032685 screens overvalued: fair value 51% below the price. Compare with KINX, Inc →

Compare Softcen 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.Software & IT Services · 36 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 51 · Below median
Fair Value upside −50.9% · Below median
Profitability
Return on equity (TTM) 9.7% · Bottom 25%
Return on assets 6.6% · Top 25%
Net margin (TTM) 8.4% · Above median
Operating margin (TTM) 13.4% · Top 25%
Growth and dividend
Revenue growth −25.6% · Bottom 25%
Balance sheet
Debt / equity 0.09× · Above median

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

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Cite: Fair Value Calculator (2026). "Softcen Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/032685

Frequently asked questions

Is Softcen Co. Ltd (032685) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 2,811 KRW versus a price of 5,730 KRW, about −51% upside (overvalued).
What is the fair value of 032685?
Our model-based fair value for Softcen Co. Ltd is 2,811 KRW (as of Oct 2, 2026), built from audited fundamentals. The current price: 5,730 KRW.
What is the quality score of 032685?
Softcen Co. Ltd has a Quality Score of 51/100. 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 Softcen Co. Ltd (032685)?
Our model-based price target is the fair value of 2,811 KRW (as of Oct 2, 2026) from 13 valuation models. Cautious scenario 2,513 KRW, optimistic scenario 3,282 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Softcen Co. Ltd stock forecast for 2026?
Our models put fair value at 2,811 KRW, about −51% upside versus a price of 5,730 KRW (overvalued). Cautious scenario 2,513 KRW, optimistic scenario 3,282 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Softcen Co. Ltd (032685)?
Softcen Co. Ltd reported trailing-twelve-month revenue of about 77.3B KRW (latest available figure, as of Oct 2, 2026).
What growth is priced into Softcen Co. Ltd (032685)?
For today's price to be fair in a discounted-cash-flow model, Softcen Co. Ltd would have to grow free cash flow by +28.8 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.0 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of 032685 use?
Our models discount Softcen Co. Ltd at 11.9 %: a base by market capitalisation (nano), damped by beta 1.70, 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 Softcen Co. Ltd that is +28.8 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Softcen Co. Ltd (032685) delivered so far?
Over the past 5 years revenue at Softcen Co. Ltd grew -7.0 % a year. The price currently implies +28.8 % 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 Softcen Co. Ltd (032685) growing?
The median revenue growth in the sector is +10.0 % a year. That is the yardstick for the growth priced into Softcen Co. Ltd (+28.8 % 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 Softcen Co. Ltd (032685)?
The free-cash-flow yield on the price is 1.85 %: that much free cash flow Softcen Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Softcen Co. Ltd (032685)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Softcen Co. Ltd it is 2,811 KRW per share (as of Oct 2, 2026), against a price of 5,730 KRW. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Softcen Co. Ltd stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 032685 trades above its calculated fair value: price 5,730 KRW, fair value 2,811 KRW, a gap of about −51% (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 032685?
No. The price is what the market pays today (5,730 KRW); the fair value is what the company's own numbers justify (2,811 KRW). For Softcen Co. Ltd the two are 2,919 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Softcen Co. Ltd worth?
The market values Softcen Co. Ltd at about 14.2B KRW (market capitalisation, as of Oct 2, 2026). Per share that is 5,730 KRW; our models calculate a fair value of 2,811 KRW per share.
What do the bullish and bearish scenarios say about 032685?
Our models span a range for Softcen Co. Ltd: cautious scenario 2,513 KRW, base 2,811 KRW, optimistic 3,282 KRW per share (as of Oct 2, 2026, price 5,730 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Softcen Co. Ltd (032685)?
Balance-sheet figures for Softcen Co. Ltd (as of Oct 2, 2026): return on equity 9.7%, debt of 0.09 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 032685 from its 52-week high?
Softcen Co. Ltd trades at 5,730 KRW, about 85% below its 52-week high of 38,600 KRW and 7% above the low of 5,350 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 2,811 KRW is for.
Which stocks are comparable to Softcen Co. Ltd?
From the same area (Technology) we also value KINX, Inc, Wemade Co, Gabia Inc, Hancom 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 Softcen Co. Ltd stock attractive at the current price?
The data as of Oct 2, 2026: price 5,730 KRW, calculated fair value 2,811 KRW (−51%), Quality Score 51/100, 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 032685 calculated?
We run Softcen 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 2,811 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 14.5 % above its aggregate fair value. Softcen Co. Ltd 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 Softcen Co. Ltd (032685)?
The closing price on Oct 2, 2026 was 5,730 KRW. Our model-based fair value is 2,811 KRW, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Softcen Co. Ltd right now?
The price sits above even our optimistic bull case (3,282 KRW). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Softcen Co. Ltd

How large is the market capitalisation of Softcen Co. Ltd (032685)?
The market capitalisation of Softcen Co. Ltd is 14.2B KRW (≈ $10.6M). 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 Softcen Co. Ltd (032685)?
The price-to-sales ratio of Softcen Co. Ltd is 0.18 (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 Softcen Co. Ltd (032685)?
The net margin of Softcen Co. Ltd is −3.9% (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 Softcen Co. Ltd (032685)?
The return on equity (ROE) of Softcen Co. Ltd is 9.7% (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 Softcen Co. Ltd (032685)?
On an EBIT basis the return on assets of Softcen Co. Ltd is 6.7% (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 Softcen Co. Ltd (032685)?
The operating margin of Softcen Co. Ltd is 13.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Softcen Co. Ltd (032685)?
Revenue at Softcen Co. Ltd is growing −25.6% versus a year earlier (3y avg −9.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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