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STI Co (039440) Fair Value & Analysis

Technology · KR · Market cap 365B KRW

SC STI Co 039440 · KQ
Price23,650 KRW
Fair Value22,295 KRW
Upside-5.7%
Quality55/100
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Mixed Growth
Thin margins · 5.5% net margin
Low debt · generates free cash flow
0.65% dividend yield
Mixed vs. peers (4/10)
Narrow moat 32/100
Evidence: High Range 14,821 KRW – 29,565 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 19,715 KRW to 22,295 KRW (+13.1%) since Jul 6, 2026. Share price −10.2% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (14,821 KRW to 29,565 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

41,222 KRW 10,428 KRW Fair Value 22,295 KRW Mar 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 10,428 KRW – 41,222 KRW · fair‑value band 14,821 KRW – 29,565 KRW · the 23,650 KRW price screens above the 22,295 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

STI Co (039440) currently trades at 23,650 KRW, while our model-based Fair Value estimate is 22,295 KRW, implying the stock looks roughly 5.7% fairly valued today. The Quality Score stands at 55/100 (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, STI Co generated revenue of 318B KRW at a net margin of 5.5%. Revenue declined 12.2% year over year. It earns a return on equity of 6.3%. Net debt stands at 4.8B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 14,821 KRW (bear case) to 29,565 KRW (bull case); at 23,650 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 45% below its 52-week high and 37% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -6%, 039440 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 10,197 KRW 13,971 KRW 19,675 KRW 80
Residual Income 14,723 KRW 15,091 KRW 15,053 KRW 76
Rev-Margin DCF 12,815 KRW 19,541 KRW 27,262 KRW 74
All 24 models by family
DCF Models
FCF DCF 10,053 KRW 14,295 KRW 21,118 KRW 38
Owner Earnings 11,213 KRW 16,153 KRW 24,099 KRW 31
5Y Revenue Exit 12,815 KRW 19,637 KRW 28,446 KRW 39
5Y EBITDA Exit 14,608 KRW 23,003 KRW 32,876 KRW 41
5Y P/E Exit 14,327 KRW 22,475 KRW 31,086 KRW 38
10Y Revenue Exit 11,421 KRW 17,534 KRW 25,919 KRW 36
10Y EBITDA Exit 12,966 KRW 19,930 KRW 29,390 KRW 37
10Y P/E Exit 12,783 KRW 19,554 KRW 27,987 KRW 35
Earnings-Based
Graham-Dodd 6,834 KRW 21,579 KRW 28,740 KRW 54
Lynch FV 4,734 KRW 6,763 KRW 8,792 KRW 50
PEG = 1.0 4,734 KRW 6,763 KRW 8,792 KRW 46
EPV 14,581 KRW 16,623 KRW 18,437 KRW 59
Multiples
P/E Multiple 15,075 KRW 20,099 KRW 25,124 KRW 63
P/S Multiple 12,813 KRW 17,084 KRW 21,356 KRW 58
P/B Multiple 12,813 KRW 17,084 KRW 21,356 KRW 55
EV/EBIT 20,365 KRW 26,149 KRW 31,933 KRW 53
EV/EBITDA 18,560 KRW 23,743 KRW 28,925 KRW 54
EV/Revenue 14,710 KRW 19,722 KRW 24,735 KRW 43
Asset-Based
NCAV (Graham) 9,353 KRW 12,533 KRW 18,705 KRW 50
Growth DCF
Growth DCF 10,197 KRW 13,971 KRW 19,675 KRW 80
Rev-Margin DCF 12,815 KRW 19,541 KRW 27,262 KRW 74
Economic Profit
Residual Income 14,723 KRW 15,091 KRW 15,053 KRW 76
ROIC Compounder 14,581 KRW 16,623 KRW 18,437 KRW 72
Growth Earnings
Growth-Adj P/E 12,595 KRW 17,992 KRW 23,390 KRW 68

Widest divergence: Multiples (19,722 KRW) versus Earnings-Based (6,763 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 318B KRW
Revenue growth (YoY) -12.2%
Net margin 5.5%
Return on equity 6.3%
Free cash flow 9.0B KRW FY2025
Operating margin 0.5%
More key figures
Dividend yield 0.5%
EPS growth (YoY) +62.9%
Net debt 4.8B KRW FY2021

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 56 · Market factors (momentum, volatility) 28

Profitability 38
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 17
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 83
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

STI Co., Ltd. operates in the semiconductor equipment industry in Korea. Its products include central chemical supply systems, slurry mixing and systems, and chemical mixing / dilution system for mixing or dilution, and supply of TMAH, KOH, HF, NH4OH, and SC-1.

Full company description

STI Co., Ltd. operates in the semiconductor equipment industry in Korea. Its products include central chemical supply systems, slurry mixing and systems, and chemical mixing / dilution system for mixing or dilution, and supply of TMAH, KOH, HF, NH4OH, and SC-1. The company offers wet station products, including initial, pre-depo, pre photo, and ITO; cassette cleaners, developers, glass slimming systems, strippers, etchers, after glass grinding cleaners, and photo mask developers; and fine metal, screen mask, and back side glass cleaners. In addition, it provides inkjet printing system; and reflow and wet blast systems. STI Co., Ltd. was founded in 1997 and is headquartered in Anseong-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

STI Co reported revenue of 328B KRW in FY2025 versus 320B KRW in FY2021, a compound +0.7%/yr. Reported net income was 15.4B KRW in FY2025, compounding −9.7%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
328B KRW
Latest YoY
−1.8%
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.
−8.1%
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.
+4.0%
Avg. growth/yr (14Y) 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.
+9.4%
Revenue +0.7%/yr
FY21 320B KRW
FY22 422B KRW
FY23 319B KRW
FY24 334B KRW
FY25 328B KRW
Net income −9.7%/yr
FY21 23.2B KRW
FY22 29.8B KRW
FY23 24.1B KRW
FY24 27.1B KRW
FY25 15.4B KRW

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Cite: Fair Value Calculator (2026). "STI Co Fair Value". https://www.fairvalue-calculator.com/stock/039440

Peer Group

Semiconductor Equipment & Materials · 213 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 55 · Above median
Fair Value upside −6% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 3% · Below median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 0.7% · Below median

Valuation Multiples vs Semiconductor Equipment & Materials 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 26 · sector 0
FUTURE 0 · sector 59
PAST 25 · sector 31
HEALTH 100 · sector 96
DIVIDEND 13 · sector 16

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

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is STI Co (039440) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 22,295 KRW versus a price of 23,650 KRW, about −6% (fairly valued).
What is the fair value of 039440?
Our model-based fair value for STI Co is 22,295 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 23,650 KRW.
What is the quality score of 039440?
STI Co has a Quality Score of 55/100. 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 STI Co (039440)?
STI Co reported trailing-twelve-month revenue of about 318B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 039440?
The net profit margin of STI Co is about 5.5%, meaning it keeps roughly 5.5% of revenue as net income. Based on the latest reported figures.
Does STI Co pay a dividend?
STI Co currently shows a dividend yield of about 0.50% relative to its recent price (as of Jul 22, 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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