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S.NetSystems.Inc. (038680) Fair Value & Analysis

Technology · KR · Market cap 64.3B KRW

SN S.NetSystems.Inc. 038680 · KQ
Price3,845 KRW
Fair Value4,839 KRW
Upside+25.9%
Quality59/100
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Healthy Growth
Thin margins · 1.4% net margin
Low debt · generates free cash flow
2.93% dividend yield
Ranks above peers (7/10)
Narrow moat 33/100
Evidence: Medium Range 3,629 KRW – 6,049 KRW Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Share price +18.9% over the past month.

A solid business, screening 26% undervalued on our models.

What matters now

  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 3,629 KRW (bear) to 6,049 KRW (bull), base 4,839 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

9,282 KRW 2,860 KRW Fair Value 4,839 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 2,860 KRW – 9,282 KRW · fair‑value band 3,629 KRW – 6,049 KRW · the 3,845 KRW price screens below the 4,839 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.

Full chart & analysis →

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Analysis

S.NetSystems.Inc. (038680) currently trades at 3,845 KRW, while our model-based Fair Value estimate is 4,839 KRW, implying the stock looks roughly 25.9% undervalued today. The Quality Score stands at 59/100 (solid 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, S.NetSystems.Inc. generated revenue of 456B KRW at a net margin of 1.4%. Revenue declined 2.0% year over year. It earns a return on equity of 6.6%. Net debt stands at 17.2B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 3,629 KRW (bear case) to 6,049 KRW (bull case); at 3,845 KRW, the current price sits within 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 39% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at 26%, 038680 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 18,440 KRW 25,416 KRW 35,437 KRW 80
Residual Income 4,218 KRW 4,204 KRW 3,860 KRW 76
Rev-Margin DCF 12,249 KRW 15,811 KRW 19,985 KRW 74
All 24 models by family
DCF Models
FCF DCF 18,205 KRW 26,102 KRW 38,190 KRW 38
Owner Earnings 8,501 KRW 10,940 KRW 14,674 KRW 31
5Y Revenue Exit 12,249 KRW 15,641 KRW 19,792 KRW 39
5Y EBITDA Exit 13,212 KRW 17,446 KRW 22,252 KRW 41
5Y P/E Exit 11,154 KRW 13,588 KRW 16,027 KRW 38
10Y Revenue Exit 14,115 KRW 17,726 KRW 22,295 KRW 36
10Y EBITDA Exit 14,886 KRW 18,981 KRW 24,177 KRW 37
10Y P/E Exit 13,573 KRW 16,299 KRW 19,415 KRW 35
Earnings-Based
Graham-Dodd 1,645 KRW 5,176 KRW 6,891 KRW 54
Lynch FV 1,133 KRW 1,619 KRW 2,104 KRW 50
PEG = 1.0 1,133 KRW 1,619 KRW 2,104 KRW 46
EPV 8,037 KRW 8,682 KRW 9,247 KRW 59
Multiples
P/E Multiple 3,629 KRW 4,839 KRW 6,049 KRW 63
P/S Multiple 3,085 KRW 4,113 KRW 5,141 KRW 58
P/B Multiple 3,085 KRW 4,113 KRW 5,141 KRW 55
EV/EBIT 11,797 KRW 14,342 KRW 16,887 KRW 53
EV/EBITDA 11,334 KRW 13,724 KRW 16,114 KRW 54
EV/Revenue 9,309 KRW 11,515 KRW 13,720 KRW 43
Asset-Based
NCAV (Graham) 2,805 KRW 3,759 KRW 5,610 KRW 50
Growth DCF
Growth DCF 18,440 KRW 25,416 KRW 35,437 KRW 80
Rev-Margin DCF 12,249 KRW 15,811 KRW 19,985 KRW 74
Economic Profit
Residual Income 4,218 KRW 4,204 KRW 3,860 KRW 76
ROIC Compounder 8,302 KRW 9,341 KRW 10,507 KRW 72
Growth Earnings
Growth-Adj P/E 3,028 KRW 4,326 KRW 5,624 KRW 68

Widest divergence: DCF Models (16,299 KRW) versus Earnings-Based (1,619 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 456B KRW
Revenue growth (YoY) -2.0%
Net margin 1.4%
Return on equity 6.6%
Free cash flow 23.2B KRW FY2025
Operating margin 0.0%
More key figures
Dividend yield 2.9%
EPS growth (YoY) +6.1%
Net debt 17.2B KRW FY2022

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 60 · Market factors (momentum, volatility) 33

Profitability 43
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 54
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

S.NetSystems.Inc. operates as a specialized ICT company in South Korea and internationally. The company offers system integration solutions, such as routing and switching, wireless, and Qos solutions; appliance-based next-generation security solutions; unified communication solutions; and server and desktop virtualization, CI/HCI consulting, storage, and …

Full company description

S.NetSystems.Inc. operates as a specialized ICT company in South Korea and internationally. The company offers system integration solutions, such as routing and switching, wireless, and Qos solutions; appliance-based next-generation security solutions; unified communication solutions; and server and desktop virtualization, CI/HCI consulting, storage, and D/C switch and SAN switch solutions. It also provides consulting services in the areas of sensor, communication protocol, and smart-device/platform connection, as well as IoT service modelling; infrastructure services; facilities control and data sensing monitoring solutions; and indoor navigation solutions. In addition, the company offers cloud services, including public/private cloud service with infrastructure service; Catalog Plus, a cross device multi-media document sharing service based on B2B; Booksuite, a cross device multi-media document sharing service based on B2B, B2C; WebEX, a Web conferencing service; and MERAKI, a network device control and management service. Further, it provides DaaS process and architecture design, virtual desktop infra realization, and goodus private DaaS methodology services; software defined network application solutions; and mobile network virtualization solutions. S.NetSystems.Inc. was founded in 1999 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

S.NetSystems.Inc. reported revenue of 457B KRW in FY2025 versus 321B KRW in FY2021, a compound +9.2%/yr. Reported net income was 4.6B KRW in FY2025.

Growth Quality 69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
457B KRW
Latest YoY
+1.7%
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.
+5.5%
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.
+7.0%
Avg. growth/yr (24Y) 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.
+6.3%
Revenue +9.2%/yr
FY21 321B KRW
FY22 389B KRW
FY23 477B KRW
FY24 450B KRW
FY25 457B KRW
Net income
FY21 −8.5B KRW
FY22 −3.5B KRW
FY23 19.9B KRW
FY24 6.0B KRW
FY25 4.6B KRW

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Cite: Fair Value Calculator (2026). "S.NetSystems.Inc. Fair Value". https://www.fairvalue-calculator.com/stock/038680

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 59 · Above median
Fair Value upside +26% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth -2% · Below median
Dividend yield (TTM) 2.9% · Above median

Valuation Multiples vs Communication Equipment 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 68 · sector 0
FUTURE 0 · sector 30
PAST 26 · sector 15
HEALTH 100 · sector 98
DIVIDEND 59 · 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 20, 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 S.NetSystems.Inc. (038680) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 4,839 KRW versus a price of 3,845 KRW, about +26% (undervalued).
What is the fair value of 038680?
Our model-based fair value for S.NetSystems.Inc. is 4,839 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 3,845 KRW.
What is the quality score of 038680?
S.NetSystems.Inc. has a Quality Score of 59/100. 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 S.NetSystems.Inc. (038680)?
S.NetSystems.Inc. reported trailing-twelve-month revenue of about 456B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 038680?
The net profit margin of S.NetSystems.Inc. is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
Does S.NetSystems.Inc. pay a dividend?
S.NetSystems.Inc. currently shows a dividend yield of about 2.97% 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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