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BG T&A Co (046310) Fair Value & Analysis

Technology · KR · Market cap 36.7B KRW

BT BG T&A Co 046310 · KQ
Price2,335 KRW
Fair Value6,038 KRW
Upside+158.6%
Quality62/100
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Mixed Growth
Thin margins · 4.3% net margin
Low debt · generates free cash flow
2.86% dividend yield
Ranks above peers (9/9)
Narrow moat 41/100
Evidence: Medium Range 4,529 KRW – 7,548 KRW Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 6 days ago

Share price +2.9% over the past month.

A solid business, screening 159% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (4,529 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

4,515 KRW 1,830 KRW Fair Value 6,038 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 1,830 KRW – 4,515 KRW · fair‑value band 4,529 KRW – 7,548 KRW · the 2,335 KRW price screens below the 6,038 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

BG T&A Co (046310) currently trades at 2,335 KRW, while our model-based Fair Value estimate is 6,038 KRW, implying the stock looks roughly 158.6% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, BG T&A Co generated revenue of 158B KRW at a net margin of 4.3%. Revenue grew 27.0% year over year. Net debt stands at 6.4B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 4,529 KRW (bear case) to 7,548 KRW (bull case); at 2,335 KRW, the current price sits below 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 54% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -28% fair-value upside, at 159%, 046310 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 12,383 KRW 17,195 KRW 23,814 KRW 80
Residual Income 3,717 KRW 3,818 KRW 3,825 KRW 76
Rev-Margin DCF 7,240 KRW 9,706 KRW 12,448 KRW 74
All 23 models by family
DCF Models
FCF DCF 12,072 KRW 17,289 KRW 24,806 KRW 38
Owner Earnings 3,847 KRW 5,276 KRW 7,336 KRW 31
5Y Revenue Exit 7,240 KRW 9,522 KRW 12,233 KRW 39
5Y EBITDA Exit 7,782 KRW 10,495 KRW 13,456 KRW 41
5Y P/E Exit 7,369 KRW 9,755 KRW 12,089 KRW 38
10Y Revenue Exit 8,822 KRW 11,217 KRW 14,039 KRW 36
10Y EBITDA Exit 9,278 KRW 11,877 KRW 14,936 KRW 37
10Y P/E Exit 9,019 KRW 11,375 KRW 13,933 KRW 35
Earnings-Based
Graham-Dodd 1,866 KRW 4,594 KRW 5,949 KRW 54
PEG = 1.0 828.06 KRW 1,183 KRW 1,538 KRW 46
EPV 3,920 KRW 4,450 KRW 4,914 KRW 59
Multiples
P/E Multiple 4,529 KRW 6,038 KRW 7,548 KRW 63
P/S Multiple 3,499 KRW 4,666 KRW 5,832 KRW 58
P/B Multiple 3,499 KRW 4,666 KRW 5,832 KRW 55
EV/EBIT 6,692 KRW 8,676 KRW 10,659 KRW 53
EV/EBITDA 6,007 KRW 7,762 KRW 9,517 KRW 54
EV/Revenue 4,753 KRW 6,472 KRW 8,191 KRW 43
Asset-Based
NCAV (Graham) 2,371 KRW 3,178 KRW 4,743 KRW 50
Growth DCF
Growth DCF 12,383 KRW 17,195 KRW 23,814 KRW 80
Rev-Margin DCF 7,240 KRW 9,706 KRW 12,448 KRW 74
Economic Profit
Residual Income 3,717 KRW 3,818 KRW 3,825 KRW 76
ROIC Compounder 3,920 KRW 4,450 KRW 5,042 KRW 72
Growth Earnings
Growth-Adj P/E 3,462 KRW 4,946 KRW 6,430 KRW 68

Widest divergence: DCF Models (10,495 KRW) versus Asset-Based (3,178 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 158B KRW
Revenue growth (YoY) +27.0%
Net margin 4.3%
Return on equity 1,986%
Free cash flow 16.2B KRW FY2025
Operating margin 8.6%
More key figures
Dividend yield 2.9%
EPS growth (YoY) +163%
Net debt 6.4B KRW FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 63 · Market factors (momentum, volatility) 20

Profitability 47
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 85
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

BG T&A Co. develops, manufactures, and sells wireless communication equipment in South Korea, the Americas, and internationally.

Full company description

BG T&A Co. develops, manufactures, and sells wireless communication equipment in South Korea, the Americas, and internationally. The company offers radar detectors, such as radar/UHF/GPS detectors with smart phone sync; high-end radar detectors with map and 3D UI; radar/laser detectors with extra sensory detection; digital radar/laser detectors; and patch type antenna radar/laser detectors. It also provides two-way radios, including land mobile, low power, marine, and digital radios; outdoor products, such as golf navigation products with BLE communication, compact golf navigation products, and BackTrack D-Tour and FishTrack products; and black box and RDVR products. The company was formerly known as BG Tech Co., Ltd. and changed its name to BG T&A Co. in December 2006. BG T&A Co. was founded in 1996 and is based in Gunpo-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BG T&A Co reported revenue of 149B KRW in FY2025 versus 156B KRW in FY2021, a compound −1.2%/yr. Reported net income was 4.2B KRW in FY2025, compounding −7.7%/yr from FY2021.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
149B KRW
Latest YoY
−2.3%
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.
+0.3%
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.
+2.3%
Avg. growth/yr (21Y) 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.
+5.2%
Revenue −1.2%/yr
FY21 156B KRW
FY22 148B KRW
FY23 171B KRW
FY24 152B KRW
FY25 149B KRW
Net income −7.7%/yr
FY21 5.8B KRW
FY22 4.8B KRW
FY23 13.4B KRW
FY24 13.3B KRW
FY25 4.2B KRW

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Cite: Fair Value Calculator (2026). "BG T&A Co Fair Value". https://www.fairvalue-calculator.com/stock/046310

Peer Group

Consumer Discretionary · 3642 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 “Communications & Networking” was too small, so the broader sector is used.)

Quality Score 62 · Above median
Fair Value upside +159% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 27% · Top 25%
Dividend yield (TTM) 2.9% · Above median

Valuation Multiples vs Consumer Discretionary 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 23
FUTURE100 · sector 14
PAST0 · sector 21
HEALTH100 · sector 96
DIVIDEND57 · sector 44

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 Communications & Networking stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Intellian Technologies, Inc 189300 76,600 KRW 25,298 KRW -67%
SOLiD, Inc 050890 10,250 KRW 11,686 KRW +14%
Innowireless Co 073490 32,350 KRW 22,604 KRW -30%
Ubiquoss Holdings 078070 9,630 KRW 16,521 KRW +72%
Ace Technologies corp. 088800 2,130 KRW 1,467 KRW -31%
Telefield Inc 091440 3,460 KRW 431.66 KRW -88%
Kaonmedia Co 078890 4,585 KRW 11,130 KRW +143%
Wave Electronics Co 095270 4,440 KRW 2,714 KRW -39%
Nable Communications, Inc 153460 6,420 KRW 4,789 KRW -25%
System and Application Technologies Co 060540 1,177 KRW 842.84 KRW -28%

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Frequently asked questions

Is BG T&A Co (046310) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 6,038 KRW versus a price of 2,335 KRW, about +159% (undervalued).
What is the fair value of 046310?
Our model-based fair value for BG T&A Co is 6,038 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 2,335 KRW.
What is the quality score of 046310?
BG T&A Co has a Quality Score of 62/100. 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 BG T&A Co (046310)?
BG T&A Co reported trailing-twelve-month revenue of about 158B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 046310?
The net profit margin of BG T&A Co is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.
Does BG T&A Co pay a dividend?
BG T&A Co currently shows a dividend yield of about 2.86% relative to its recent price (as of Aug 13, 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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