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Paseco Co (037070) Fair Value & Analysis

Technology · KR · Market cap 160B KRW

PC Paseco Co 037070 · KQ
Price5,900 KRW
Fair Value3,135 KRW
Upside-46.9%
Quality73/100
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Weak Growth
Thin margins · 1.8% net margin
Low debt · generates free cash flow
1.87% dividend yield
Ranks above peers (7/10)
Narrow moat 29/100
Evidence: High Range 2,363 KRW – 3,670 KRW Share as image

Fair value as of: Jul 20, 2026

From 23 valuation models · updated 21 days ago

Share price −15.6% over the past month.

A solid business, but screening 47% overvalued on our models.

What matters now

  • A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (3,670 KRW). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

19,059 KRW 4,296 KRW Fair Value 3,135 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 4,296 KRW – 19,059 KRW · fair‑value band 2,363 KRW – 3,670 KRW · the 5,900 KRW price screens above the 3,135 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

Paseco Co (037070) currently trades at 5,900 KRW, while our model-based Fair Value estimate is 3,135 KRW, implying the stock looks roughly 46.9% overvalued today. The Quality Score stands at 73/100 (solid 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, Paseco Co generated revenue of 162B KRW at a net margin of 1.8%. Revenue declined 18.1% year over year. It earns a return on equity of 3.7%. Fundamentals as of Jul 20, 2026

Our scenario range runs from 2,363 KRW (bear case) to 3,670 KRW (bull case); at 5,900 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 44% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -16% fair-value upside, at -47%, 037070 screens richer 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 6,817 KRW 9,115 KRW 12,239 KRW 80
Residual Income 3,223 KRW 3,213 KRW 2,952 KRW 76
Rev-Margin DCF 3,946 KRW 4,911 KRW 5,979 KRW 74
All 23 models by family
DCF Models
FCF DCF 6,646 KRW 9,106 KRW 12,595 KRW 38
Owner Earnings 3,179 KRW 4,130 KRW 5,480 KRW 31
5Y Revenue Exit 3,946 KRW 4,809 KRW 5,809 KRW 39
5Y EBITDA Exit 3,944 KRW 4,805 KRW 5,716 KRW 41
5Y P/E Exit 4,132 KRW 5,138 KRW 6,107 KRW 38
10Y Revenue Exit 4,867 KRW 5,822 KRW 6,901 KRW 36
10Y EBITDA Exit 4,908 KRW 5,819 KRW 6,833 KRW 37
10Y P/E Exit 5,026 KRW 6,044 KRW 7,117 KRW 35
Earnings-Based
Graham-Dodd 1,260 KRW 2,877 KRW 3,688 KRW 54
PEG = 1.0 478.68 KRW 683.83 KRW 888.97 KRW 46
EPV 1,779 KRW 1,910 KRW 2,025 KRW 59
Multiples
P/E Multiple 1,946 KRW 2,594 KRW 3,243 KRW 63
P/S Multiple 2,363 KRW 3,150 KRW 3,938 KRW 58
P/B Multiple 2,363 KRW 3,150 KRW 3,938 KRW 55
EV/EBIT 2,231 KRW 2,645 KRW 3,058 KRW 53
EV/EBITDA 2,599 KRW 3,135 KRW 3,670 KRW 54
EV/Revenue 2,496 KRW 3,140 KRW 3,785 KRW 43
Asset-Based
NCAV (Graham) 2,143 KRW 2,871 KRW 4,285 KRW 50
Growth DCF
Growth DCF 6,817 KRW 9,115 KRW 12,239 KRW 80
Rev-Margin DCF 3,946 KRW 4,911 KRW 5,979 KRW 74
Economic Profit
Residual Income 3,223 KRW 3,213 KRW 2,952 KRW 76
ROIC Compounder 1,779 KRW 1,910 KRW 2,025 KRW 72
Growth Earnings
Growth-Adj P/E 1,509 KRW 2,155 KRW 2,802 KRW 68

Widest divergence: DCF Models (5,138 KRW) versus Earnings-Based (1,910 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 162B KRW
Revenue growth (YoY) -18.1%
Net margin 1.8%
Return on equity 3.7%
Free cash flow 10.7B KRW FY2025
Operating margin -12.0%
More key figures
Dividend yield 2.3%
EPS growth (YoY) -43.0%

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

Quality Score breakdown

Overall quality 73/100

Of which business quality 72 · Market factors (momentum, volatility) 27

Profitability 44
Margins and returns on capital today
Quality Growth 85
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 13
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

Paseco Co. Ltd manufactures and sells water appliances, heaters, and commercial and home appliances primarily in Korea. It offers window air conditioner, water dispenser and purifier, electric heater, circulator, rice cooker/gas fryer, mosclean, electric grill, chopboard sterilizer/mini washing machine, cloth refresher/refrigerater, dish dryer/dish washer, …

Full company description

Paseco Co. Ltd manufactures and sells water appliances, heaters, and commercial and home appliances primarily in Korea. It offers window air conditioner, water dispenser and purifier, electric heater, circulator, rice cooker/gas fryer, mosclean, electric grill, chopboard sterilizer/mini washing machine, cloth refresher/refrigerater, dish dryer/dish washer, gas cooktop, and hybrid electric cooktop /IH cooktop. The company also exports its products to Europe, CIS countries, North America, Asia, the Middle East, South America, and Africa. Paseco Co. Ltd was founded in 1974 and is based in Ansan-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Paseco Co reported revenue of 168B KRW in FY2025 versus 227B KRW in FY2021, a compound −7.3%/yr. Reported net income was 3.7B KRW in FY2025, compounding −33.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
168B KRW
Latest YoY
+6.4%
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.
−5.7%
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.
−3.3%
Avg. growth/yr (11Y) 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.
+1.8%
Revenue −7.3%/yr
FY21 227B KRW
FY22 200B KRW
FY23 148B KRW
FY24 158B KRW
FY25 168B KRW
Net income −33.6%/yr
FY21 19.1B KRW
FY22 9.2B KRW
FY23 778M KRW
FY24 −16.8B KRW
FY25 3.7B KRW

037070 screens 47% overvalued. Compare with Apple Inc →

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Cite: Fair Value Calculator (2026). "Paseco Co Fair Value". https://www.fairvalue-calculator.com/stock/037070

Peer Group

Consumer Electronics · 129 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 73 · Top 25%
Fair Value upside −47% · Below median
Return on equity (TTM) 4% · Above median
Return on assets 1% · Above median
Net margin (TTM) 2% · Above median
Operating margin (TTM) -12% · Bottom 25%
Revenue growth -18% · Bottom 25%
Dividend yield (TTM) 1.9% · Above median

Valuation Multiples vs Consumer Electronics median · lower = cheaper

P/FCF 0.0× · 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 8
FUTURE 0 · sector 13
PAST 15 · sector 10
HEALTH 100 · sector 97
DIVIDEND 37 · sector 29

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 Consumer Electronics stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Apple Inc AAPL $313.33 $122.91 -61%
Samsung Electronics Co 005930 255,000 KRW 138,019 KRW -46%
Sony Group SONYN 366.00 MXN 468.94 MXN +28%
Xiaomi Corporation 1810 HK$26.88 HK$39.84 +48%
LG Electronics Inc 066570 179,000 KRW 101,531 KRW -43%
Sharetronic Data Technology Co 300857 ¥277.96 ¥35.89 -87%
Huaqin Co 603296 ¥78.20 ¥65.69 -16%
Goertek Inc 002241 ¥22.25 ¥18.86 -15%
LG Corp 003550 102,400 KRW 93,881 KRW -8%
Anker Innovations Limited 300866 ¥105.92 ¥78.52 -26%

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Frequently asked questions

Is Paseco Co (037070) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 3,135 KRW versus a price of 5,900 KRW, about −47% (overvalued).
What is the fair value of 037070?
Our model-based fair value for Paseco Co is 3,135 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 5,900 KRW.
What is the quality score of 037070?
Paseco Co has a Quality Score of 73/100. 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 Paseco Co (037070)?
Paseco Co reported trailing-twelve-month revenue of about 162B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 037070?
The net profit margin of Paseco Co is about 1.8%, meaning it keeps roughly 1.8% of revenue as net income. Based on the latest reported figures.
Does Paseco Co pay a dividend?
Paseco Co currently shows a dividend yield of about 2.31% 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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