Zungwon En-Sys Inc (045510) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Zungwon En-Sys Inc KRW 1,000, price KRW 1,108, upside -9.7%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 675.00 KRW – 4,055 KRW · fair‑value band 869.80 KRW – 1,251 KRW · the 1,108 KRW price screens above the 1,000 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Zungwon En-Sys Inc., an information technology specialized company, engages in the providing products and services for computer system integration in South Korea and internationally.
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Zungwon En-Sys Inc., an information technology specialized company, engages in the providing products and services for computer system integration in South Korea and internationally. It distributes computer equipment, such as servers, storage, and computers, as well as offers maintenance and repair services for computer systems, computer programming, system integration and management, computer and peripherals devices. Zungwon En-Sys Inc. was formerly known as Zungwon Engineering & Systems Inc. Zungwon En-Sys Inc. was founded in 1969 and is headquartered in Seoul, South Korea.
Stock analysis
Zungwon En-Sys Inc (045510) currently trades at 1,108 KRW, while our model-based Fair Value estimate is 1,000 KRW, implying the stock looks roughly 10.7% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 3,491 KRW per share, and 13 of the 23 models we run sit above the 1,108 KRW price.
Bear case: the Earnings-Based group reads lowest at 542.92 KRW, and 10 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: 869.80 KRW (bear) to 1,251 KRW (bull), the price of 1,108 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Zungwon En-Sys Inc reported revenue of 201B KRW in FY2025 versus 166B KRW in FY2021, a compound +4.8%/yr. Reported net income was 1.1B KRW in FY2025, compounding +8.5%/yr from FY2021.
Key figures
Market cap 34.9B KRW (≈ $24.4M) · P/S ratio 0.12 · Net margin 0.6% · Return on equity 4.1% · Return on assets (EBIT) 1.7% · Operating margin 1.5% · Revenue (TTM) 236B KRW · Revenue growth (YoY) +87.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 34% below its 52-week high and 64% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at −10%, 045510 screens cheaper than that median.
Fair Value models
Bear 869.80 KRWFair Value 1,000 KRWBull 1,251 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.1%
Start year 2020 (pandemic). Over 10 years: +3.3% a year
Revenue growth 11 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.1%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+7.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.2%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7% vs −7%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 1%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−27.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −29.4% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Electronics & Computer Distribution · 156 stocks
Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−10% · Below median
Profitability
Return on equity (TTM)4% · Below median
Return on assets2% · Below median
Net margin (TTM)1% · Below median
Operating margin (TTM)1% · Below median
Growth and dividend
Revenue growth88% · Top 25%
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
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Is Zungwon En-Sys Inc (045510) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1,000 KRW versus a price of 1,108 KRW, about −10% upside (fairly valued).
What is the fair value of 045510?
Our model-based fair value for Zungwon En-Sys Inc is 1,000 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,108 KRW.
What is the quality score of 045510?
Zungwon En-Sys Inc has a Quality Score of 65/100. 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 price target for Zungwon En-Sys Inc (045510)?
Our model-based price target is the fair value of 1,000 KRW (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 869.80 KRW, optimistic scenario 1,251 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Zungwon En-Sys Inc stock forecast for 2026?
Our models put fair value at 1,000 KRW, about −10% upside versus a price of 1,108 KRW (fairly valued). Cautious scenario 869.80 KRW, optimistic scenario 1,251 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Zungwon En-Sys Inc (045510)?
Zungwon En-Sys Inc reported trailing-twelve-month revenue of about 236B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into Zungwon En-Sys Inc (045510)?
For today's price to be fair in a discounted-cash-flow model, Zungwon En-Sys Inc would have to grow free cash flow by -27.9 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 045510 use?
Our models discount Zungwon En-Sys Inc at 8.9 %: a base by market capitalisation (nano), damped by beta 0.34, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Zungwon En-Sys Inc that is -27.9 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Zungwon En-Sys Inc (045510) delivered so far?
Over the past 5 years revenue at Zungwon En-Sys Inc grew +3.1 % a year. The price currently implies -27.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Zungwon En-Sys Inc (045510) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Zungwon En-Sys Inc (-27.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zungwon En-Sys Inc (045510)?
The free-cash-flow yield on the price is 44.86 %: that much free cash flow Zungwon En-Sys Inc produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zungwon En-Sys Inc (045510)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zungwon En-Sys Inc it is 1,000 KRW per share (as of Sep 24, 2026), against a price of 1,108 KRW. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Zungwon En-Sys Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 045510 trades above its calculated fair value: price 1,108 KRW, fair value 1,000 KRW, a gap of about −10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 045510?
No. The price is what the market pays today (1,108 KRW); the fair value is what the company's own numbers justify (1,000 KRW). For Zungwon En-Sys Inc the two are 107.53 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Zungwon En-Sys Inc worth?
The market values Zungwon En-Sys Inc at about 34.9B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 1,108 KRW; our models calculate a fair value of 1,000 KRW per share.
What do the bullish and bearish scenarios say about 045510?
Our models span a range for Zungwon En-Sys Inc: cautious scenario 869.80 KRW, base 1,000 KRW, optimistic 1,251 KRW per share (as of Sep 24, 2026, price 1,108 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Zungwon En-Sys Inc (045510)?
Balance-sheet figures for Zungwon En-Sys Inc (as of Sep 24, 2026): return on equity 4.1%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 045510 from its 52-week high?
Zungwon En-Sys Inc trades at 1,108 KRW, about 34% below its 52-week high of 1,686 KRW and 64% above the low of 675.00 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 1,000 KRW is for.
Which stocks are comparable to Zungwon En-Sys Inc?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Rexel S.A, Arrow Electronics, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zungwon En-Sys Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 1,108 KRW, calculated fair value 1,000 KRW (−10%), Quality Score 65/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 045510 calculated?
We run Zungwon En-Sys Inc through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 1,000 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Zungwon En-Sys Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zungwon En-Sys Inc (045510)?
The closing price on Sep 23, 2026 was 1,108 KRW. Our model-based fair value is 1,000 KRW, about −10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zungwon En-Sys Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Zungwon En-Sys Inc
How large is the market capitalisation of Zungwon En-Sys Inc (045510)?
The market capitalisation of Zungwon En-Sys Inc is 34.9B KRW (≈ $24.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Zungwon En-Sys Inc (045510)?
The price-to-sales ratio of Zungwon En-Sys Inc is 0.12 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Zungwon En-Sys Inc (045510)?
The net margin of Zungwon En-Sys Inc is 0.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zungwon En-Sys Inc (045510)?
The return on equity (ROE) of Zungwon En-Sys Inc is 4.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zungwon En-Sys Inc (045510)?
On an EBIT basis the return on assets of Zungwon En-Sys Inc is 1.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zungwon En-Sys Inc (045510)?
The operating margin of Zungwon En-Sys Inc is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zungwon En-Sys Inc (045510)?
Revenue at Zungwon En-Sys Inc is growing +87.7% versus a year earlier (3y avg +6.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Zungwon En-Sys Inc (045510)?
Earnings per share at Zungwon En-Sys Inc are growing +326% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Zungwon En-Sys Inc (045510) carry?
The net debt of Zungwon En-Sys Inc is 8.1B KRW (fiscal year 2024, ≈ 0.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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