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Atec Co (045660) Fair Value & Analysis

Technology · KR · Market cap 55.9B KRW

AC Atec Co 045660 · KQ
Price8,560 KRW
Fair Value2,901 KRW
Upside-66.1%
Quality56/100
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Mixed Growth
Thin margins · 4.9% net margin
Low debt · generates free cash flow
3.63% dividend yield
Ranks above peers (7/9)
Narrow moat 34/100
Evidence: High Range 1,931 KRW – 4,071 KRW Share as image

Fair value as of: Jul 22, 2026

From 23 valuation models · updated 19 days ago

Share price +7.5% over the past month.

A solid business, but screening 66% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (4,071 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (1,931 KRW to 4,071 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

38,666 KRW 7,440 KRW Fair Value 2,901 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 7,440 KRW – 38,666 KRW · fair‑value band 1,931 KRW – 4,071 KRW · the 8,560 KRW price screens above the 2,901 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

Atec Co (045660) currently trades at 8,560 KRW, while our model-based Fair Value estimate is 2,901 KRW, implying the stock looks roughly 66.1% overvalued today. The Quality Score stands at 56/100 (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, Atec Co generated revenue of 111B KRW at a net margin of 4.9%. Revenue grew 21.3% year over year. Net debt stands at 6.5B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,931 KRW (bear case) to 4,071 KRW (bull case); at 8,560 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 48% 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 -9% fair-value upside, at -66%, 045660 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 10,859 KRW 19,295 KRW 33,120 KRW 80
Residual Income 8,632 KRW 7,906 KRW 5,534 KRW 76
Rev-Margin DCF 14,358 KRW 25,009 KRW 47,212 KRW 74
All 23 models by family
DCF Models
FCF DCF 11,400 KRW 16,623 KRW 33,257 KRW 38
5Y Revenue Exit 13,162 KRW 22,168 KRW 41,107 KRW 39
5Y EBITDA Exit 16,662 KRW 29,247 KRW 53,984 KRW 41
5Y P/E Exit 5,478 KRW 7,482 KRW 9,881 KRW 38
10Y Revenue Exit 12,387 KRW 26,910 KRW 36,916 KRW 36
10Y EBITDA Exit 15,411 KRW 34,449 KRW 68,583 KRW 37
10Y P/E Exit 7,250 KRW 10,365 KRW 14,718 KRW 35
Earnings-Based
Graham-Dodd 415.98 KRW 2,901 KRW 4,071 KRW 54
Lynch FV 1,499 KRW 2,141 KRW 2,783 KRW 50
PEG = 1.0 1,499 KRW 2,141 KRW 2,783 KRW 46
EPV 10,364 KRW 11,709 KRW 12,886 KRW 59
Multiples
P/E Multiple 917.59 KRW 1,223 KRW 1,529 KRW 63
P/S Multiple 779.95 KRW 1,040 KRW 1,300 KRW 58
P/B Multiple 779.95 KRW 1,040 KRW 1,300 KRW 55
EV/EBIT 17,649 KRW 22,768 KRW 27,887 KRW 53
EV/EBITDA 18,019 KRW 23,261 KRW 28,503 KRW 54
EV/Revenue 12,644 KRW 17,080 KRW 21,517 KRW 43
Asset-Based
NCAV (Graham) 6,422 KRW 8,605 KRW 12,844 KRW 50
Growth DCF
Growth DCF 10,859 KRW 19,295 KRW 33,120 KRW 80
Rev-Margin DCF 14,358 KRW 25,009 KRW 47,212 KRW 74
Economic Profit
Residual Income 8,632 KRW 7,906 KRW 5,534 KRW 76
ROIC Compounder 10,364 KRW 11,709 KRW 12,962 KRW 72
Growth Earnings
Growth-Adj P/E 1,931 KRW 2,759 KRW 3,587 KRW 68

Widest divergence: DCF Models (22,168 KRW) versus Multiples (1,223 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 111B KRW
Revenue growth (YoY) +21.3%
Net margin 4.9%
Return on equity 653%
Free cash flow 4.1B KRW FY2025
Operating margin 7.5%
More key figures
Dividend yield 3.6%
EPS growth (YoY) +39.0%
Net debt 6.5B KRW FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 22

Profitability 33
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 90
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

Atec Co. Ltd. manufactures and sells display products primarily in South Korea. The company offers various products, such as LCD monitors, DIDs, LCD all-in-one PCs, and security all-in-one PCs equipped with the security solution. It also provides information processing consulting services. Atec Co. Ltd.

Full company description

Atec Co. Ltd. manufactures and sells display products primarily in South Korea. The company offers various products, such as LCD monitors, DIDs, LCD all-in-one PCs, and security all-in-one PCs equipped with the security solution. It also provides information processing consulting services. Atec Co. Ltd. was founded in 1993 and is headquartered in Seongnam, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Atec Co reported revenue of 160B KRW in FY2025 versus 70.3B KRW in FY2021, a compound +22.9%/yr. Reported net income was 468M KRW in FY2025, compounding −47.5%/yr from FY2021.

Growth Quality 74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
160B KRW
Latest YoY
+246.5%
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.
+20.5%
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.
+10.3%
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 +22.9%/yr
FY21 70.3B KRW
FY22 91.7B KRW
FY23 3.7B KRW
FY24 46.2B KRW
FY25 160B KRW
Net income −47.5%/yr
FY21 6.1B KRW
FY22 5.4B KRW
FY23 4.8B KRW
FY24 15.5B KRW
FY25 468M KRW

045660 screens 66% overvalued. Compare with UIL Co →

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Cite: Fair Value Calculator (2026). "Atec Co Fair Value". https://www.fairvalue-calculator.com/stock/045660

Peer Group

Information Technology · 3403 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Computers, Phones & Household Electronics” was too small, so the broader sector is used.)

Quality Score 56 · Above median
Fair Value upside −66% · Below median
Return on assets 0% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 21% · Above median
Dividend yield (TTM) 3.6% · Top 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Information Technology 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 0
FUTURE 100 · sector 38
PAST 0 · sector 22
HEALTH 98 · sector 97
DIVIDEND 73 · sector 28

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 Computers, Phones & Household Electronics stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
UIL Co 049520 3,605 KRW 14,308 KRW +297%
SEOWONINTECH.Co.,Ltd 093920 4,710 KRW 7,085 KRW +50%
TJ media Co 032540 3,410 KRW 3,117 KRW -9%
Optrontec Inc 082210 1,885 KRW 952.61 KRW -49%
Puloon Technology Inc 094940 5,190 KRW 883.51 KRW -83%
Yulho Co 072770 934.00 KRW 849.13 KRW -9%
Korea Computer Terminal Inc 089150 1,823 KRW 2,466 KRW +35%
Finetechnix. Co 106240 1,300 KRW 234.08 KRW -82%
Korea Information Engineering Services Co 039740 3,015 KRW 4,560 KRW +51%
Hansol Inticube Co 070590 1,630 KRW 1,146 KRW -30%

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Frequently asked questions

Is Atec Co (045660) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 2,901 KRW versus a price of 8,560 KRW, about −66% (overvalued).
What is the fair value of 045660?
Our model-based fair value for Atec Co is 2,901 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 8,560 KRW.
What is the quality score of 045660?
Atec Co has a Quality Score of 56/100. 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 Atec Co (045660)?
Atec Co reported trailing-twelve-month revenue of about 111B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 045660?
The net profit margin of Atec Co is about 4.9%, meaning it keeps roughly 4.9% of revenue as net income. Based on the latest reported figures.
Does Atec Co pay a dividend?
Atec Co currently shows a dividend yield of about 3.63% 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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