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CoAsia Corporation (045970) fair value: what the stock is really worth

As of Oct 19, 2026: fair value (intrinsic value) of CoAsia Corporation stock KRW 10,700, price KRW 3,655, upside +192.7%, quality 41 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Technology · KR · ISIN KR7045970001

CC CoAsia Corporation logo Thin data Oct 4, 2026

CoAsia Corporation

045970 · KQ

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

The stock costs 66% less than our calculation considers fair.

Fair value 10,700 KRW · Strongly undervalued (+192.7%)
Low debt
Quality 41/100
Weak Growth (revenue 5y −5.5 %/yr in KRW)
Loss-making · -5.5% net margin (TTM)
Negative free cash flow
Trails peers (2/10)
Narrow moat 10/100 · thin data
Thin data

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

11,360 KRW 2,165 KRW Fair Value 10,700 KRW May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.

How to read this chart

60‑month range 2,165 KRW – 11,360 KRW · fair‑value band 7,502 KRW – 13,898 KRW · the 3,655 KRW price screens below the 10,700 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.

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Company profile

CoAsia Corporation, an investment holding company, provides system solutions in South Korea and internationally.

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The company develops and designs System-on-Chip solutions; supplies system solutions and IT components; provides and sells micro electro mechanical systems microphones and speakers; offers camera modules; and LED products for automobile lights, smart home lighting and beauty, and healthcare lighting.

CoAsia Corporation was founded in 1997 and is headquartered in Incheon, South Korea.

Stock analysis

CoAsia Corporation (045970) currently trades at 3,655 KRW, while our model-based Fair Value estimate is 10,700 KRW, implying the stock looks roughly 65.8% undervalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 80/100, which puts the data coverage at low.

Scenario range: 7,502 KRW (bear) to 13,898 KRW (bull), the price of 3,655 KRW sits below 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 41/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

CoAsia Corporation reported revenue of 375B KRW in FY2025 versus 381B KRW in FY2021, a compound −0.4%/yr. Reported net income was −14.0B KRW in FY2025.

Key figures

Market cap 91.2B KRW (≈ $68.7M) Micro · P/S ratio 0.22 · Net margin −5.5% · Return on equity −4,644% · Return on assets (EBIT) −6.9% · Operating margin −6.7% · Revenue (TTM) 433B KRW · Revenue growth (YoY) −16.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 52% below its 52-week high and 69% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 56% fair-value upside, at 193%, 045970 screens cheaper than that median.

Fair Value models

Bear 7,502 KRW Fair Value 10,700 KRW Bull 13,898 KRW
Price 3,655 KRW · Upside +192.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
EV/EBITDA 7,502 KRW 10,700 KRW 13,898 KRW 65
NCAV (Graham) 1,219 KRW 1,634 KRW 2,439 KRW 52
All 2 models by family
Multiples
EV/EBITDA 7,502 KRW 10,700 KRW 13,898 KRW 65
Asset-Based
NCAV (Graham) 1,219 KRW 1,634 KRW 2,439 KRW 52

Open the full fair value analysis →

Quality Score breakdown

Overall quality 41/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 23
How much profit the company makes from its sales and capital
Quality Growth 87
Are margins and returns getting better?
Cashflow 12
Do the profits arrive as real cash?
Financial strength 26
Debt, balance sheet and risk of trouble
Investment 77
Does it invest with discipline instead of growing at any price?
Low Volatility 23
How calm the share price moves, does not count
Momentum 33
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 14
Distance to the 52-week high, does not count
New shares 57
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.8%
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.
−6.6%
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.
−5.5%
Start year 2020 (pandemic). Over 10 years: +3.1% a year
Revenue growth 23 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.
+15.6%
Profit margin (trend) ⓘ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.
−0.9% (2020) → −0.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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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.Electronic Equipment & Parts · 19 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 41 · Below median
Fair Value upside +192.7% · Top 25%
Profitability
Return on assets −3.9% · Below median
Net margin (12 months) −5.5% · Bottom 25%
Operating margin (12 months) −6.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −16.0% · Below median
Balance sheet
Debt / equity 0.39× · Highest 25%

Valuation Multiplesvs Electronic Equipment & Parts median · lower = cheaper

P/B 1.18× · Pricier than median
P/S (12 months) 0.21× · Cheaper than median
EV/EBITDA 14.0× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 41
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)0 · sector 0
HEALTH (low debt)81 · sector 99
DIVIDEND (yield)0 · sector 67

Context: sector, industry, market

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

Similar stocks

10 more Electronic Equipment & Parts stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
BioSmart Co 038460 2,885 KRW 9,981 KRW +246% vs 045970
Namuga Co 190510 15,840 KRW 36,136 KRW +128% vs 045970
KHVATEC Co 060720 11,100 KRW 23,424 KRW +111% vs 045970
Partron Co 091700 5,210 KRW 10,012 KRW +92% vs 045970
Powerlogics. Co 047310 3,200 KRW 5,000 KRW +56% vs 045970
MNTech Co 095500 6,830 KRW 7,368 KRW +8% vs 045970
e-LITECOM CO., Ltd 041520 13,020 KRW 11,520 KRW −12% vs 045970
Amotech Co 052710 21,600 KRW 9,214 KRW −57% vs 045970
VINATech Co 126340 93,700 KRW 18,536 KRW −80% vs 045970
Ajinextek Co 059120 7,710 KRW 1,280 KRW −83% vs 045970

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Cite: Fair Value Calculator (2026). "CoAsia Corporation Fair Value". https://www.fairvalue-calculator.com/stock/045970

Frequently asked questions

Is CoAsia Corporation (045970) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 10,700 KRW versus a price of 3,655 KRW, about +193% upside (undervalued).
What is the fair value of 045970?
Our model-based fair value for CoAsia Corporation is 10,700 KRW (as of Oct 4, 2026), built from audited fundamentals. The current price: 3,655 KRW.
What is the quality score of 045970?
CoAsia Corporation has a Quality Score of 41/100. 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 CoAsia Corporation (045970)?
Our model-based price target is the fair value of 10,700 KRW (as of Oct 4, 2026) from 2 valuation models. Cautious scenario 7,502 KRW, optimistic scenario 13,898 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the CoAsia Corporation stock forecast for 2026?
Our models put fair value at 10,700 KRW, about +193% upside versus a price of 3,655 KRW (undervalued). Cautious scenario 7,502 KRW, optimistic scenario 13,898 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of CoAsia Corporation (045970)?
CoAsia Corporation reported trailing-twelve-month revenue of about 433B KRW (latest available figure, as of Oct 4, 2026).
What is the intrinsic value of CoAsia Corporation (045970)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CoAsia Corporation it is 10,700 KRW per share (as of Oct 4, 2026), against a price of 3,655 KRW. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is CoAsia Corporation stock overvalued or undervalued in 2026?
As of Oct 4, 2026, 045970 trades below its calculated fair value: price 3,655 KRW, fair value 10,700 KRW, a gap of about +193% (undervalued). 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 045970?
No. The price is what the market pays today (3,655 KRW); the fair value is what the company's own numbers justify (10,700 KRW). For CoAsia Corporation the two are 7,045 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is CoAsia Corporation worth?
The market values CoAsia Corporation at about 91.2B KRW (market capitalisation, as of Oct 4, 2026). Per share that is 3,655 KRW; our models calculate a fair value of 10,700 KRW per share.
What do the bullish and bearish scenarios say about 045970?
Our models span a range for CoAsia Corporation: cautious scenario 7,502 KRW, base 10,700 KRW, optimistic 13,898 KRW per share (as of Oct 4, 2026, price 3,655 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of CoAsia Corporation (045970)?
Balance-sheet figures for CoAsia Corporation (as of Oct 4, 2026): debt of 0.39 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 045970 from its 52-week high?
CoAsia Corporation trades at 3,655 KRW, about 52% below its 52-week high of 7,670 KRW and 69% above the low of 2,165 KRW (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of 10,700 KRW is for.
Which stocks are comparable to CoAsia Corporation?
From the same area (Technology) we also value VINATech Co, Amotech Co, Partron Co, KHVATEC Co, 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 CoAsia Corporation stock attractive at the current price?
The data as of Oct 4, 2026: price 3,655 KRW, calculated fair value 10,700 KRW (+193%), Quality Score 41/100, from 2 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 045970 calculated?
We run CoAsia Corporation through 2 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 10,700 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 13.9 % above its aggregate fair value. CoAsia Corporation currently trades 66 % below its own fair value, and the market average says nothing about that. 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 CoAsia Corporation (045970)?
The closing price on Oct 19, 2026 was 3,655 KRW. Our model-based fair value is 10,700 KRW, about +193% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CoAsia Corporation right now?
The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (7,502 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (7,502 KRW to 13,898 KRW) leaves room in how you read the outcome.

Key figures of CoAsia Corporation

How large is the market capitalisation of CoAsia Corporation (045970)?
The market capitalisation of CoAsia Corporation is 91.2B KRW (≈ $68.7M). 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 CoAsia Corporation (045970)?
The price-to-sales ratio of CoAsia Corporation is 0.22 (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 CoAsia Corporation (045970)?
The net margin of CoAsia Corporation is −5.5% (last twelve months). 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 CoAsia Corporation (045970)?
The return on equity (ROE) of CoAsia Corporation is −4,644% (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 CoAsia Corporation (045970)?
On an EBIT basis the return on assets of CoAsia Corporation is −6.9% (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 CoAsia Corporation (045970)?
The operating margin of CoAsia Corporation is −6.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CoAsia Corporation (045970)?
Revenue at CoAsia Corporation is growing −16.0% versus a year earlier (3y avg −6.6%). 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 CoAsia Corporation (045970)?
Earnings per share at CoAsia Corporation are growing +11.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does CoAsia Corporation (045970) generate?
The free cash flow of CoAsia Corporation is −6.5B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does CoAsia Corporation (045970) carry?
The net debt of CoAsia Corporation is 52.2B KRW (fiscal year 2025). 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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