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iMBC Co (052220) Fair Value & Analysis

Technology · KR · Market cap 41.7B KRW

IC iMBC Co 052220 · KQ
Price1,748 KRW
Fair Value4,004 KRW
Upside+129.1%
Quality64/100
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Weak Growth
Thin margins · 2.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/9)
Narrow moat 44/100
Evidence: Medium Range 3,001 KRW – 5,468 KRW Share as image

Fair value as of: Jul 22, 2026

From 9 valuation models · updated 19 days ago

Share price −10.2% over the past month.

A solid business, screening 129% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (3,001 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (3,001 KRW to 5,468 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

5,770 KRW 1,538 KRW Fair Value 4,004 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 1,538 KRW – 5,770 KRW · fair‑value band 3,001 KRW – 5,468 KRW · the 1,748 KRW price screens below the 4,004 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.

Full chart & analysis →

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Analysis

iMBC Co (052220) currently trades at 1,748 KRW, while our model-based Fair Value estimate is 4,004 KRW, implying the stock looks roughly 129.1% undervalued today. The Quality Score stands at 64/100 (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, iMBC Co generated revenue of 49.0B KRW at a net margin of 2.5%. Revenue declined 5.9% year over year. It earns a return on equity of 290.3%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 3,001 KRW (bear case) to 5,468 KRW (bull case); at 1,748 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 60% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 8% fair-value upside, at 129%, 052220 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 3,340 KRW 4,511 KRW 6,514 KRW 80
Rev-Margin DCF 2,929 KRW 4,269 KRW 5,915 KRW 74
Gordon GGM 413.18 KRW 452.25 KRW 511.78 KRW 70
All 9 models by family
DCF Models
FCF DCF 3,197 KRW 4,403 KRW 6,638 KRW 38
5Y Revenue Exit 2,929 KRW 4,197 KRW 6,039 KRW 39
10Y Revenue Exit 2,935 KRW 3,890 KRW 4,912 KRW 36
Dividend Discount
Gordon GGM 413.18 KRW 452.25 KRW 511.78 KRW 70
DDM Multi-Stage 413.18 KRW 518.40 KRW 665.88 KRW 61
Multiples
EV/Revenue 3,001 KRW 4,235 KRW 5,468 KRW 43
Asset-Based
NCAV (Graham) 1,206 KRW 1,617 KRW 2,413 KRW 50
Growth DCF
Growth DCF 3,340 KRW 4,511 KRW 6,514 KRW 80
Rev-Margin DCF 2,929 KRW 4,269 KRW 5,915 KRW 74

Widest divergence: Growth DCF (4,269 KRW) versus Dividend Discount (452.25 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 49.0B KRW
Revenue growth (YoY) -5.9%
Net margin 2.5%
Return on equity 290%
Free cash flow 7.3B KRW FY2025
Operating margin 5.1%
More key figures
EPS growth (YoY) -11.4%

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 63 · Market factors (momentum, volatility) 10

Profitability 28
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 82
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

iMBC Co.,Ltd., operates as a digital content company in South Korea and internationally. It operates web www.imbc.com, a web platform; and m.imbc.com mobile platform, as well as Yo TV app.

Full company description

iMBC Co.,Ltd., operates as a digital content company in South Korea and internationally. It operates web www.imbc.com, a web platform; and m.imbc.com mobile platform, as well as Yo TV app. The company distributes contents, such as MBC TV and radio programs, movies, dramas, entertainment, real-time video clips, life, current affairs, news, sports, and self-produced web contents through internet, webhard, naver and other portals, wavve, Cable broadcasting, and IPTV. It also provides banners, video, voice, and mid-roll advertisements through various platforms such as web, mobile, MBC app, and MBC mini, as well as other promotional activities. The company was founded in 2000 and is based in Seoul, South Korea. iMBC Co.,Ltd. is a subsidiary of Munhwa Broadcasting Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

iMBC Co reported revenue of 40.0B KRW in FY2025 versus 46.8B KRW in FY2021, a compound −3.8%/yr. Reported net income was −5.4B KRW in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
40.0B KRW
Latest YoY
−11.9%
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.
−5.5%
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.
−1.7%
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.
−2.8%
Revenue −3.8%/yr
FY21 46.8B KRW
FY22 47.5B KRW
FY23 46.3B KRW
FY24 45.4B KRW
FY25 40.0B KRW
Net income
FY21 1.1B KRW
FY22 1.7B KRW
FY23 2.1B KRW
FY24 2.0B KRW
FY25 −5.4B KRW

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Cite: Fair Value Calculator (2026). "iMBC Co Fair Value". https://www.fairvalue-calculator.com/stock/052220

Peer Group

Software & IT Services · 32 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 64 · Above median
Fair Value upside +129% · Top 25%
Return on equity (TTM) 290% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth -6% · Below median

Valuation Multiples vs Software & IT Services 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 100 · sector 0
FUTURE 0 · sector 28
PAST 100 · sector 74
HEALTH 100 · sector 99
DIVIDEND 0 · sector 26

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 Software & IT Services stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
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Wemade Co 112040 15,160 KRW 9,700 KRW -36%
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Gabia Inc 079940 44,050 KRW 24,232 KRW -45%
Hancom Inc 030520 15,890 KRW 31,596 KRW +99%
Webzen Inc 069080 11,750 KRW 12,748 KRW +8%
NEOWIZ 095660 17,010 KRW 46,407 KRW +173%
Wemade Max Co 101730 3,665 KRW 825.00 KRW -77%
GalaxiaMoneytree Co 094480 4,600 KRW 3,778 KRW -18%
DAEA TI Co 045390 2,475 KRW 4,958 KRW +100%

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Frequently asked questions

Is iMBC Co (052220) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 4,004 KRW versus a price of 1,748 KRW, about +129% (undervalued).
What is the fair value of 052220?
Our model-based fair value for iMBC Co is 4,004 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,748 KRW.
What is the quality score of 052220?
iMBC Co has a Quality Score of 64/100. 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 iMBC Co (052220)?
iMBC Co reported trailing-twelve-month revenue of about 49.0B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 052220?
The net profit margin of iMBC Co is about 2.5%, meaning it keeps roughly 2.5% 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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