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meerecompany Incorporated (049950) Fair Value & Analysis

Technology · KR · Market cap 78.6B KRW

MI meerecompany Incorporated 049950 · KQ
Price11,190 KRW
Fair Value13,561 KRW
Upside+21.2%
Quality48/100
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Weak Growth
Solidly profitable · 16.0% net margin
Low debt · negative free cash flow
Ranks above peers (5/8)
Moderate moat 45/100
Evidence: Low Range 8,950 KRW – 16,951 KRW Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 6 days ago

Fair value updated Aug 13, 2026, revised from 6,780 KRW to 13,561 KRW (+100.0%) since Jul 22, 2026. Share price +17.3% over the past month.

Below-average quality, screening 21% undervalued on our models.

What matters now

  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (8,950 KRW to 16,951 KRW) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

50,654 KRW 8,310 KRW Fair Value 13,561 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 8,310 KRW – 50,654 KRW · fair‑value band 8,950 KRW – 16,951 KRW · the 11,190 KRW price screens below the 13,561 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.

Full chart & analysis →

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Analysis

meerecompany Incorporated (049950) currently trades at 11,190 KRW, while our model-based Fair Value estimate is 13,561 KRW, implying the stock looks roughly 21.2% undervalued today. The Quality Score stands at 48/100 (below-average 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: low), always confirm before acting.

Over the trailing twelve months, meerecompany Incorporated generated revenue of 136B KRW at a net margin of 16.0%. Revenue declined 5.4% year over year. Fundamentals as of Aug 13, 2026

Our scenario range runs from 8,950 KRW (bear case) to 16,951 KRW (bull case); at 11,190 KRW, the current price sits within 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 49% 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 -56% fair-value upside, at 21%, 049950 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
Gordon GGM 1,006 KRW 1,101 KRW 1,246 KRW 70
DDM Multi-Stage 1,006 KRW 1,262 KRW 1,621 KRW 61
NCAV (Graham) 7,006 KRW 9,388 KRW 14,011 KRW 50
All 3 models by family
Dividend Discount
Gordon GGM 1,006 KRW 1,101 KRW 1,246 KRW 70
DDM Multi-Stage 1,006 KRW 1,262 KRW 1,621 KRW 61
Asset-Based
NCAV (Graham) 7,006 KRW 9,388 KRW 14,011 KRW 50

Widest divergence: Asset-Based (9,388 KRW) versus Dividend Discount (1,101 KRW). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 136B KRW
Revenue growth (YoY) -5.4%
Net margin 16.0%
Return on equity -566%
Free cash flow −14.6B KRW FY2025
Operating margin 11.2%
More key figures
EPS growth (YoY) -72.0%

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 44 · Market factors (momentum, volatility) 9

Profitability 7
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 13
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 77
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

meerecompany Incorporated manufactures and sells display and semiconductor equipment in South Korea. Its display equipment include edge grinders and profilers, drilling machines, and cover and mother glass grinders; OLED, edge, and AOI inspection equipment; and laser cutters, markers, and trimmers, as well as laser polarized film cutting machines.

Full company description

meerecompany Incorporated manufactures and sells display and semiconductor equipment in South Korea. Its display equipment include edge grinders and profilers, drilling machines, and cover and mother glass grinders; OLED, edge, and AOI inspection equipment; and laser cutters, markers, and trimmers, as well as laser polarized film cutting machines. The company's semiconductor equipment comprise loaders and unloaders, FOUP packing machines, ultra sonic cleaners, wafer back and edge grinders, and laser cutters and markers. It also provides sensors and surgical robots. The company was formerly known as Meerae Engineering Inc and changed its name to meerecompany Incorporated in October 2004. meerecompany Incorporated was founded in 1984 and is headquartered in Hwaseong, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

meerecompany Incorporated reported revenue of 40.9B KRW in FY2025 versus 116B KRW in FY2021, a compound −23.0%/yr. Reported net income was −25.0B KRW in FY2025.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
40.9B KRW
Latest YoY
−39.2%
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.
−35.8%
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.
−7.0%
Avg. growth/yr (14Y) 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.
−6.7%
Revenue −23.0%/yr
FY21 116B KRW
FY22 155B KRW
FY23 109B KRW
FY24 67.3B KRW
FY25 40.9B KRW
Net income
FY21 6.4B KRW
FY22 29.3B KRW
FY23 3.5B KRW
FY24 −7.1B KRW
FY25 −25.0B KRW

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Cite: Fair Value Calculator (2026). "meerecompany Incorporated Fair Value". https://www.fairvalue-calculator.com/stock/049950

Peer Group

Semiconductors & Semiconductor Equipment · 48 stocks

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.

Quality Score 48 · Bottom 25%
Fair Value upside +21% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 16% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth -5% · Below median
Dividend yield (TTM) 0.8% · Below median

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
VALUE62 · sector 0
FUTURE0 · sector 97
PAST0 · sector 100
HEALTH100 · sector 99
DIVIDEND16 · sector 17

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 Semiconductors & Semiconductor Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
TES Co 095610 144,000 KRW 57,543 KRW -60%
Eugene Technology Co 084370 129,200 KRW 47,495 KRW -63%
TSE Co 131290 256,000 KRW 83,925 KRW -67%
ISC Co 095340 159,800 KRW 61,198 KRW -62%
PSK HOLDINGS Inc 031980 112,200 KRW 74,962 KRW -33%
Jeju Semiconductor Corp 080220 87,000 KRW 23,830 KRW -73%
Tokai Carbon Korea Co 064760 229,000 KRW 154,525 KRW -33%
HANA Micron Inc 067310 36,650 KRW 16,102 KRW -56%
RFHIC Corporation 218410 51,000 KRW 29,096 KRW -43%
S&S Tech Corporation 101490 44,850 KRW 60,781 KRW +36%

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Frequently asked questions

Is meerecompany Incorporated (049950) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 13,561 KRW versus a price of 11,190 KRW, about +21% (undervalued).
What is the fair value of 049950?
Our model-based fair value for meerecompany Incorporated is 13,561 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 11,190 KRW.
What is the quality score of 049950?
meerecompany Incorporated has a Quality Score of 48/100. 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 meerecompany Incorporated (049950)?
meerecompany Incorporated reported trailing-twelve-month revenue of about 136B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 049950?
The net profit margin of meerecompany Incorporated is about 16.0%, meaning it keeps roughly 16.0% of revenue as net income. Based on the latest reported figures.

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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