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Kisan Telecom Co (035460) Fair Value & Analysis

Technology · KR · Market cap 30.6B KRW

KT Kisan Telecom Co 035460 · KQ
Price2,360 KRW
Fair Value5,122 KRW
Upside+117.1%
Quality39/100
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Expensive Growth
Thin margins · 6.3% net margin
Low debt · negative free cash flow
Ranks above peers (5/8)
Moderate moat 48/100
Evidence: Medium Range 3,408 KRW – 6,330 KRW Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 19 days ago

Share price +4.7% over the past month.

Below-average quality, screening 117% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (3,408 KRW). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (3,408 KRW to 6,330 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

6,830 KRW 1,649 KRW Fair Value 5,122 KRW Feb 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 1,649 KRW – 6,830 KRW · fair‑value band 3,408 KRW – 6,330 KRW · the 2,360 KRW price screens below the 5,122 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

Kisan Telecom Co (035460) currently trades at 2,360 KRW, while our model-based Fair Value estimate is 5,122 KRW, implying the stock looks roughly 117.1% undervalued today. The Quality Score stands at 39/100 (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, Kisan Telecom Co generated revenue of 99.1B KRW at a net margin of 6.3%. Revenue declined 1.9% year over year. It earns a return on equity of 15.3%. Net debt stands at 20.0B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 3,408 KRW (bear case) to 6,330 KRW (bull case); at 2,360 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 67% below its 52-week high and 40% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at 117%, 035460 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 3,097 KRW 3,305 KRW 3,685 KRW 76
ROIC Compounder 5,153 KRW 6,367 KRW 7,776 KRW 72
Gordon GGM 772.67 KRW 1,539 KRW 2,549 KRW 70
All 15 models by family
Earnings-Based
Graham-Dodd 1,975 KRW 5,122 KRW 6,677 KRW 54
PEG = 1.0 969.64 KRW 1,385 KRW 1,801 KRW 46
EPV 4,964 KRW 5,756 KRW 6,448 KRW 59
Dividend Discount
Gordon GGM 772.67 KRW 1,539 KRW 2,549 KRW 70
DDM Multi-Stage 772.67 KRW 1,186 KRW 1,630 KRW 61
Multiples
P/E Multiple 4,356 KRW 5,808 KRW 7,260 KRW 63
P/S Multiple 3,703 KRW 4,937 KRW 6,171 KRW 58
P/B Multiple 3,703 KRW 4,937 KRW 6,171 KRW 55
EV/EBIT 7,695 KRW 10,189 KRW 12,682 KRW 53
EV/EBITDA 6,648 KRW 8,792 KRW 10,936 KRW 54
EV/Revenue 5,257 KRW 7,418 KRW 9,579 KRW 43
Asset-Based
NCAV (Graham) 1,872 KRW 2,508 KRW 3,743 KRW 50
Economic Profit
Residual Income 3,097 KRW 3,305 KRW 3,685 KRW 76
ROIC Compounder 5,153 KRW 6,367 KRW 7,776 KRW 72
Growth Earnings
Growth-Adj P/E 3,408 KRW 4,869 KRW 6,330 KRW 68

Widest divergence: Multiples (5,808 KRW) versus Dividend Discount (1,186 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 99.1B KRW
Revenue growth (YoY) -1.9%
Net margin 6.3%
Return on equity 15.3%
Free cash flow −14.1B KRW FY2025
Operating margin 17.6%
More key figures
EPS growth (YoY) +495%
Net debt 20.0B KRW FY2025

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 38 · Market factors (momentum, volatility) 28

Profitability 37
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 25
Disciplined investing over empire-building
Low Volatility 17
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 30
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

Kisan Telecom Co., Ltd provides distributed antenna systems (DAS) and Wi-Fi AP solutions in South Korea. It offers multi-band DAS for 5G and 4G, compact DAS, MCMB DAS, 5G RF repeaters, and tri-band RF repeaters; tri-band AP, dual-band AP, access controllers, and Wi-Fi based backhauling systems; and FM/DMB RF repeaters for outdoor/tunnel and indoor.

Full company description

Kisan Telecom Co., Ltd provides distributed antenna systems (DAS) and Wi-Fi AP solutions in South Korea. It offers multi-band DAS for 5G and 4G, compact DAS, MCMB DAS, 5G RF repeaters, and tri-band RF repeaters; tri-band AP, dual-band AP, access controllers, and Wi-Fi based backhauling systems; and FM/DMB RF repeaters for outdoor/tunnel and indoor. The company was founded in 1994 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

Kisan Telecom Co reported revenue of 99.5B KRW in FY2025 versus 61.9B KRW in FY2021, a compound +12.6%/yr. Reported net income was 4.2B KRW in FY2025.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
99.5B KRW
Latest YoY
+6.9%
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.
+13.6%
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.
+7.6%
Avg. growth/yr (23Y) 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.
+3.0%
Revenue +12.6%/yr
FY21 61.9B KRW
FY22 67.8B KRW
FY23 73.9B KRW
FY24 93.1B KRW
FY25 99.5B KRW
Net income
FY21 −1.2B KRW
FY22 3.0B KRW
FY23 3.3B KRW
FY24 7.0B KRW
FY25 4.2B KRW

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Cite: Fair Value Calculator (2026). "Kisan Telecom Co Fair Value". https://www.fairvalue-calculator.com/stock/035460

Peer Group

Communication Equipment · 286 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 +117% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 18% · Top 25%
Revenue growth -2% · Below median
Debt / equity 0.20× · Higher 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 0
FUTURE 0 · sector 30
PAST 61 · sector 15
HEALTH 90 · sector 98
DIVIDEND 0 · sector 25

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is Kisan Telecom Co (035460) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 5,122 KRW versus a price of 2,360 KRW, about +117% (undervalued).
What is the fair value of 035460?
Our model-based fair value for Kisan Telecom Co is 5,122 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 2,360 KRW.
What is the quality score of 035460?
Kisan Telecom Co 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 Kisan Telecom Co (035460)?
Kisan Telecom Co reported trailing-twelve-month revenue of about 99.1B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 035460?
The net profit margin of Kisan Telecom Co is about 6.3%, meaning it keeps roughly 6.3% 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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