Openbase Inc (049480) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Openbase Inc stock KRW 2,342, price KRW 1,740, upside +34.6%, quality 55 out of 100. Rating: undervalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 1,607 KRW – 7,251 KRW · fair‑value band 1,629 KRW – 2,553 KRW · the 1,740 KRW price screens below the 2,342 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. As of Nov 3, 2026.
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Openbase, Inc. provides IT infrastructure service in South Korea. The company offers network infrastructure solutions for load balancing, WAN acceleration, intelligent traffic management, and DNS/DHCP/IP management solutions.
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It also provides security solutions for the protection of network infrastructures, such as Radware DefensePro, a hardware platform; Web Application Firewall; FireEye, an APT security solution; and Rapid 7, a vulnerability diagnosis and mock hacking verification solution.
In addition, the company also offers ADC smart solution for diagnosis of ADC disability, analysis, restoration of setting history, performance monitoring, and secure management; and TARGOS, a detection system of APT, as well as IT outsourcing services.
It serves public services, finance, distribution, and manufacturing sectors. The company was founded in 1995 and is based in Seoul, South Korea.
Stock analysis
Openbase Inc (049480) currently trades at 1,740 KRW, while our model-based Fair Value estimate is 2,342 KRW, implying the stock looks roughly 26% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 5,814 KRW per share, and 11 of the 17 models we run sit above the 1,740 KRW price.
Bear case: the Dividend Discount group reads lowest at 291.57 KRW, and 6 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,629 KRW (bear) to 2,553 KRW (bull), the price of 1,740 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 55/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Openbase Inc reported revenue of 233B KRW in FY2025 versus 176B KRW in FY2021, a compound +7.3%/yr. Reported net income was 7.3B KRW in FY2025, compounding +11.9%/yr from FY2021.
Key figures
Market cap 47.5B KRW (≈ $35.1M) Micro · P/S ratio 0.26 · Dividend yield 1.1% · Net margin 3.0% · Return on equity 870% · Return on assets (EBIT) 4.2% (5-year average) · Operating margin 4.6% · Revenue (TTM) 192B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (medium confidence).
What moves the price
The share trades about 52% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −2% fair-value upside, at 35%, 049480 screens cheaper than that median.
Fair Value models
Bear1,629 KRWFair Value 2,342 KRWBull2,553 KRW
Price 1,740 KRW · Upside +34.6%
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.
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.50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+3.0%
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.
+8.4%
Start year 2020 (pandemic). Over 10 years: +7.0% a year
Revenue growth 14 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.
+5.7%
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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. Basis: EBIT basis. 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.
+20.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.8%
Dividend (yield on the price)1.1%
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.27.4% vs 4.0%, 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.2% → 3%
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.Software & IT Services · 33 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+34.6% · Above median
Profitability
Return on assets4.0% · Above median
Net margin (12 months)3.0% · Bottom 25%
Operating margin (12 months)4.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)−12.1% · Below median
Dividend yield (12 months)1.1% · Below median
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Software & IT Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Openbase Inc Fair Value". https://www.fairvalue-calculator.com/stock/049480
Frequently asked questions
Is Openbase Inc (049480) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 2,342 KRW versus a price of 1,740 KRW, about +35% upside (undervalued).
What is the fair value of 049480?
Our model-based fair value for Openbase Inc is 2,342 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 1,740 KRW.
What is the quality score of 049480?
Openbase Inc has a Quality Score of 55/100. 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 Openbase Inc (049480)?
Our model-based price target is the fair value of 2,342 KRW (as of Nov 3, 2026) from 17 valuation models. Cautious scenario 1,629 KRW, optimistic scenario 2,553 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Openbase Inc stock forecast for 2026?
Our models put fair value at 2,342 KRW, about +35% upside versus a price of 1,740 KRW (undervalued). Cautious scenario 1,629 KRW, optimistic scenario 2,553 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Openbase Inc (049480)?
Openbase Inc reported trailing-twelve-month revenue of about 192B KRW (latest available figure, as of Nov 3, 2026).
Does Openbase Inc pay a dividend?
Openbase Inc currently shows a dividend yield of 1.07% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Openbase Inc (049480)?
Openbase Inc has a dividend yield of 1.1%. A dividend has been paid every year since 2012. Our assessment: Safety not assessed. Payout ratio and cash coverage are not available, so we do not judge how safe this dividend is.
What is the intrinsic value of Openbase Inc (049480)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Openbase Inc it is 2,342 KRW per share (as of Nov 3, 2026), against a price of 1,740 KRW. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Openbase Inc stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 049480 trades below its calculated fair value: price 1,740 KRW, fair value 2,342 KRW, a gap of about +35% (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 049480?
No. The price is what the market pays today (1,740 KRW); the fair value is what the company's own numbers justify (2,342 KRW). For Openbase Inc the two are 602.45 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Openbase Inc worth?
The market values Openbase Inc at about 47.5B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 1,740 KRW; our models calculate a fair value of 2,342 KRW per share.
What do the bullish and bearish scenarios say about 049480?
Our models span a range for Openbase Inc: cautious scenario 1,629 KRW, base 2,342 KRW, optimistic 2,553 KRW per share (as of Nov 3, 2026, price 1,740 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Openbase Inc (049480)?
Balance-sheet figures for Openbase Inc (as of Nov 3, 2026): debt of 0.12 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 049480 from its 52-week high?
Openbase Inc trades at 1,740 KRW, about 52% below its 52-week high of 3,630 KRW and 8% above the low of 1,607 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 2,342 KRW is for.
Which stocks are comparable to Openbase Inc?
From the same area (Technology) we also value Gabia Inc, KINX, Inc, Wemade Co, AfreecaTV 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 Openbase Inc stock attractive at the current price?
The data as of Nov 3, 2026: price 1,740 KRW, calculated fair value 2,342 KRW (+35%), Quality Score 55/100, from 17 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 049480 calculated?
We run Openbase Inc through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2,342 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Openbase Inc currently trades 26% 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 Openbase Inc (049480)?
The closing price on Nov 9, 2026 was 1,740 KRW. Our model-based fair value is 2,342 KRW, about +35% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Openbase Inc right now?
Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Openbase Inc
How large is the market capitalisation of Openbase Inc (049480)?
The market capitalisation of Openbase Inc is 47.5B KRW (≈ $35.1M). 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 Openbase Inc (049480)?
The price-to-sales ratio of Openbase Inc is 0.26 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Openbase Inc (049480)?
The dividend yield of Openbase Inc is 1.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Openbase Inc (049480)?
The net margin of Openbase Inc is 3.0% (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 Openbase Inc (049480)?
The return on equity (ROE) of Openbase Inc is 870% (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 Openbase Inc (049480)?
On an EBIT basis the return on assets of Openbase Inc is 4.2% (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 Openbase Inc (049480)?
The operating margin of Openbase Inc is 4.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Openbase Inc (049480)?
Revenue at Openbase Inc is growing −12.1% 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 Openbase Inc (049480)?
Earnings per share at Openbase Inc are growing −92.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Openbase Inc (049480) generate?
The free cash flow of Openbase Inc is −5.5B 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 Openbase Inc (049480) carry?
The net debt of Openbase Inc is 300M 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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Nov 3, 2026