Raonsecure Co (042510) Fair Value & Analysis
Technology · KR · Market cap 78.5B KRW
Fair value as of: Jul 22, 2026
From 24 valuation models · updated 19 days ago
Share price +10.2% over the past month.
A solid business, but screening 25% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (7,545 KRW). The favourable scenario is already priced in.
- Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 6,720 KRW – 30,350 KRW · fair‑value band 4,695 KRW – 7,545 KRW · the 8,350 KRW price screens above the 6,260 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.
Analysis
Raonsecure Co (042510) currently trades at 8,350 KRW, while our model-based Fair Value estimate is 6,260 KRW, implying the stock looks roughly 25.0% overvalued today. The Quality Score stands at 69/100 (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, Raonsecure Co generated revenue of 62.3B KRW at a net margin of 6.7%. Revenue declined 13.5% year over year. It earns a return on equity of 8.5%. Fundamentals as of Jul 22, 2026
Our scenario range runs from 4,695 KRW (bear case) to 7,545 KRW (bull case); at 8,350 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 51% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -25%, 042510 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.
All 24 models by family
Widest divergence: DCF Models (11,910 KRW) versus Asset-Based (3,333 KRW). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 70 · Market factors (momentum, volatility) 15
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
Raonsecure Co., Ltd. provides mobile and IoT integrated security solutions. The company offers OnePass, a biometric authentication solution; OneGuard, a security platform; OneAccess, an integrated authentication platform; OneAccessCX, a platform that allows integrated management of multiple services; OneAccessEX, an accounts management platform; TouchEn …
Full company description
Raonsecure Co., Ltd. provides mobile and IoT integrated security solutions. The company offers OnePass, a biometric authentication solution; OneGuard, a security platform; OneAccess, an integrated authentication platform; OneAccessCX, a platform that allows integrated management of multiple services; OneAccessEX, an accounts management platform; TouchEn Wiseaccess, an integrated platform for single sign-on (SOS), extranet access management, and identity management services; and OmniOne Enterprise, an identification platform. It also provides TouchEn mTranskey, an on-screen keyboard solution; TouchEn mVaccine, a mobile antivirus solution; TouchEn mOTP, an one time password solution; TouchEn mWiseaccess, a mobile SSO solution; TouchEn Appfree, a digital signature that provides user authentication, data integrity, and non-repudiation; TouchEn MACserverless, a serverless visitor management solutions; and TouchEn AntiCapture, an anti-screen capture solution. In addition, the company offers TouchEn Transkey, a virtual on-screen keyboard solution; TouchEn nxKey, a non-activex keyboard security solution; TouchEn nxFirewall, an online PC security solution with firewall and antivirus functions; TouchEn nxWeb, an PC security solution for protecting web content; and TouchEn PassCheck, a password vulnerability check solution. Further, it provides OmniOne, an identification service; Smart Credit, an integrated security service that offers integrated credit management function; USIM Smart Authentication, a certificate storage service that safe from hacking; card authentication services; Raon mobile security, an antivirus application; Raon CTF, a practical hacking security education services; Risk Proof, a penetration testing and the verification services; Smart Sign; MobiSign; and IS consulting services. The company was formerly known as Lumensoft Ltd. and changed its name to Raonsecure Co., Ltd. in October 2012. The company was founded in 1998 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
Raonsecure Co reported revenue of 63.8B KRW in FY2025 versus 43.3B KRW in FY2021, a compound +10.1%/yr. Reported net income was 3.4B KRW in FY2025.
042510 screens 25% overvalued. Compare with SAP SE →
Peer Group
Software - Application · 709 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.
Valuation Multiples vs Software - Application median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SAP SE SAPS | C$12.69 | C$16.26 | +28% |
| Shopify Inc SHOP | C$173.23 | C$20.54 | -88% |
| Uber Technologies, Inc UBER | $72.67 | $51.11 | -30% |
| Salesforce, Inc CRM | $170.77 | $182.10 | +7% |
| ServiceNow, Inc NOW | $107.71 | $33.12 | -69% |
| Cadence Design Systems, Inc CDNS | $384.17 | $80.41 | -79% |
| Snowflake Inc SNOW | $271.87 | $34.04 | -87% |
| Adobe Inc ADBE | $230.61 | $379.48 | +65% |
| Automatic Data Processing, Inc ADP | $241.92 | $177.51 | -27% |
| Intuit Inc INTU | $291.09 | $258.69 | -11% |
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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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