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PC Direct, Inc (051380) Fair Value & Analysis

Technology · KR · Market cap 22.1B KRW

PD PC Direct, Inc 051380 · KQ
Price1,650 KRW
Fair Value2,452 KRW
Upside+48.6%
Quality59/100
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Healthy Growth
Thin margins · 0.8% net margin
Low debt · generates free cash flow
4.64% dividend yield
Mixed vs. peers (5/10)
Narrow moat 29/100
Evidence: High Range 1,839 KRW – 3,064 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Share price −6.5% over the past month.

A solid business, screening 49% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1,839 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (59/100) 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)

15,767 KRW 1,465 KRW Fair Value 2,452 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 1,465 KRW – 15,767 KRW · fair‑value band 1,839 KRW – 3,064 KRW · the 1,650 KRW price screens below the 2,452 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

PC Direct, Inc (051380) currently trades at 1,650 KRW, while our model-based Fair Value estimate is 2,452 KRW, implying the stock looks roughly 48.6% undervalued today. The Quality Score stands at 59/100 (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: high), always confirm before acting.

Over the trailing twelve months, PC Direct, Inc generated revenue of 385B KRW at a net margin of 0.8%. Revenue grew 12.5% year over year. It earns a return on equity of 7.9%. Net debt stands at 24.5B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,839 KRW (bear case) to 3,064 KRW (bull case); at 1,650 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 39% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -18% fair-value upside, at 49%, 051380 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 4,435 KRW 6,644 KRW 9,858 KRW 80
Residual Income 2,184 KRW 2,271 KRW 2,353 KRW 76
Rev-Margin DCF 3,269 KRW 5,002 KRW 7,043 KRW 74
All 24 models by family
DCF Models
FCF DCF 4,377 KRW 6,907 KRW 10,848 KRW 38
Owner Earnings 2,798 KRW 4,391 KRW 6,872 KRW 31
5Y Revenue Exit 3,269 KRW 4,979 KRW 7,145 KRW 39
5Y EBITDA Exit 2,513 KRW 3,542 KRW 4,705 KRW 41
5Y P/E Exit 2,658 KRW 3,819 KRW 5,020 KRW 38
10Y Revenue Exit 3,543 KRW 5,214 KRW 7,446 KRW 36
10Y EBITDA Exit 3,141 KRW 4,208 KRW 5,557 KRW 37
10Y P/E Exit 3,235 KRW 4,401 KRW 5,801 KRW 35
Earnings-Based
Graham-Dodd 1,191 KRW 3,982 KRW 5,333 KRW 54
Lynch FV 904.60 KRW 1,292 KRW 1,680 KRW 50
PEG = 1.0 904.60 KRW 1,292 KRW 1,680 KRW 46
EPV 2,644 KRW 3,066 KRW 3,435 KRW 59
Multiples
P/E Multiple 1,839 KRW 2,452 KRW 3,064 KRW 63
P/S Multiple 2,233 KRW 2,977 KRW 3,721 KRW 58
P/B Multiple 2,233 KRW 2,977 KRW 3,721 KRW 55
EV/EBIT 2,327 KRW 3,066 KRW 3,804 KRW 53
EV/EBITDA 1,703 KRW 2,233 KRW 2,764 KRW 54
EV/Revenue 2,800 KRW 3,952 KRW 5,103 KRW 43
Asset-Based
NCAV (Graham) 1,370 KRW 1,836 KRW 2,741 KRW 50
Growth DCF
Growth DCF 4,435 KRW 6,644 KRW 9,858 KRW 80
Rev-Margin DCF 3,269 KRW 5,002 KRW 7,043 KRW 74
Economic Profit
Residual Income 2,184 KRW 2,271 KRW 2,353 KRW 76
ROIC Compounder 2,644 KRW 3,279 KRW 4,171 KRW 72
Growth Earnings
Growth-Adj P/E 1,650 KRW 2,357 KRW 3,064 KRW 68

Widest divergence: Growth DCF (5,002 KRW) versus Earnings-Based (1,292 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 385B KRW
Revenue growth (YoY) +12.5%
Net margin 0.8%
Return on equity 7.9%
Free cash flow 5.3B KRW FY2025
Operating margin 2.1%
More key figures
Dividend yield 4.6%
EPS growth (YoY) +65.7%
Net debt 24.5B KRW FY2025

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 59 · Market factors (momentum, volatility) 26

Profitability 44
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 48
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

PC Direct, Inc. distributes IT components in South Korea and internationally. The company offers processors, motherboards, SSDs, server products, IT hardware for personal and company server construction, IoT-related products, and security solutions.

Full company description

PC Direct, Inc. distributes IT components in South Korea and internationally. The company offers processors, motherboards, SSDs, server products, IT hardware for personal and company server construction, IoT-related products, and security solutions. It also deals in PC/gaming products comprising central processing units, storage devices, graphics cards, network storage devices, and gaming products; and Internet of Things products, such as smart devices. In addition, the company provides mini drones, bebop drones, wireless headphone, plant sensor, etc.; agricultural drones; internal and external drives; storage and networking solutions; mainboards, mini-PCs, monitors, RAM, and RAID and NIC products; external HDD/storage; keyboards, mouse, and other accessories; VR Cameras; system fans, CPU coolers, and thermal interfaces; business communication solutions; and portable power banks. PC Direct, Inc. was founded in 1998 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PC Direct, Inc reported revenue of 373B KRW in FY2025 versus 365B KRW in FY2021, a compound +0.6%/yr. Reported net income was 2.5B KRW in FY2025, compounding −33.6%/yr from FY2021.

Growth Quality 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
373B KRW
Latest YoY
+11.8%
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.
+6.1%
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.
+3.5%
Avg. growth/yr (11Y) 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.
+7.2%
Revenue +0.6%/yr
FY21 365B KRW
FY22 312B KRW
FY23 305B KRW
FY24 334B KRW
FY25 373B KRW
Net income −33.6%/yr
FY21 13.0B KRW
FY22 −4.1B KRW
FY23 766M KRW
FY24 −665M KRW
FY25 2.5B KRW

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Cite: Fair Value Calculator (2026). "PC Direct, Inc Fair Value". https://www.fairvalue-calculator.com/stock/051380

Peer Group

Electronics & Computer Distribution · 151 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 59 · Above median
Fair Value upside +49% · Top 25%
Return on equity (TTM) 8% · Below median
Return on assets 3% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 13% · Above median
Dividend yield (TTM) 4.6% · Top 25%
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Electronics & Computer Distribution 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 98 · sector 14
FUTURE 63 · sector 57
PAST 32 · sector 36
HEALTH 97 · sector 98
DIVIDEND 93 · sector 39

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

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Insight Enterprises, Inc NSIT $114.65 $104.19 -9%

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Frequently asked questions

Is PC Direct, Inc (051380) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 2,452 KRW versus a price of 1,650 KRW, about +49% (undervalued).
What is the fair value of 051380?
Our model-based fair value for PC Direct, Inc is 2,452 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,650 KRW.
What is the quality score of 051380?
PC Direct, Inc has a Quality Score of 59/100. 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 PC Direct, Inc (051380)?
PC Direct, Inc reported trailing-twelve-month revenue of about 385B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 051380?
The net profit margin of PC Direct, Inc is about 0.8%, meaning it keeps roughly 0.8% of revenue as net income. Based on the latest reported figures.
Does PC Direct, Inc pay a dividend?
PC Direct, Inc currently shows a dividend yield of about 4.60% 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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