Kona I Co.Ltd (052400) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kona I Co.Ltd stock KRW 30,528, price KRW 18,600, upside +64.1%, quality 80 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 7, 2026.
How to read this chart
60‑month range 8,357 KRW – 52,011 KRW · fair‑value band 22,364 KRW – 37,269 KRW · the 18,600 KRW price screens below the 30,528 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Kona I Co.,Ltd. provides solutions and platforms for the financial technology market in South Korea and internationally.
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The company offers digital identification products, such as IC chips for the financial, telecommunications, and public sectors; smart cards; MONA, a USIM-based budget phone service for the contactless market; and authentication services.
It also provides KONA card, a rechargeable and prepaid card that can be recharged with the desired amount of funding through connections with frequently used bank accounts for use in stores; Kona Biz, an all-in-one welfare/corporate platform that can be adopted by companies with 10 people; Kona Plate, a payment infrastructure platform for creating own payment service for businesses; and Local community platform for small business owners, consumers, and local governments.
In addition, the company offers mobility platforms, such as Kona Mobility Taxi Call that allows to call a taxi; and Kona App Meter, which uses GPS information to calculate fares, users can check real-time routes and fares, and taxi operators can apply rate plans.
Further, it provides Kona Blockchain, an hyperledger fabric-based enterprise blockchain platform, a blockchain-as-a-service (BaaS) that supports the construction and operation of private blockchain networks for companies, institutions, and service providers; Kona Research Marketing Platform, which offers blockchain-based voting, evaluation, survey, and opinion poll services to prevent forgery and falsification of results; and New Commerce Platform (NCP), that supports the issuance, sale, and distribution of real asset tokens.
Kona I Co.,Ltd. was founded in 1998 and is headquartered in Seoul, South Korea.
Stock analysis
Kona I Co.Ltd (052400) currently trades at 18,600 KRW, while our model-based Fair Value estimate is 30,528 KRW, implying the stock looks roughly 39% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 110,106 KRW per share, and 23 of the 26 models we run sit above the 18,600 KRW price.
Bear case: the Asset-Based group reads lowest at 4,534 KRW, and 3 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 22,364 KRW (bear) to 37,269 KRW (bull), the price of 18,600 KRW sits below 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 80/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Kona I Co.Ltd reported revenue of 309B KRW in FY2025 versus 195B KRW in FY2021, a compound +12.3%/yr. Reported net income was 74.6B KRW in FY2025, compounding +9.1%/yr from FY2021.
Key figures
Market cap 400B KRW (≈ $296M) Micro · P/E ratio 4.5 · P/S ratio 1.16 · EPS (TTM) 4,480 KRW · Dividend yield 7.2% · Net margin 27.8% · Return on equity 39.0% · Return on assets (EBIT) 9.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 85 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 64%, 052400 screens cheaper than that median.
Fair Value models
Bear22,364 KRWFair Value 30,528 KRWBull37,269 KRW
Price 18,600 KRW · Upside +64.1%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2,699 KRW per share) are deliberately not added.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.
Best data coverage
FCF DCF72,785 KRW112,947 KRW173,474 KRW79
Growth DCF71,673 KRW106,514 KRW155,485 KRW78
Owner Earnings62,444 KRW95,855 KRW146,208 KRW76
All 26 models by family
DCF Models
FCF DCF72,785 KRW112,947 KRW173,474 KRW79
Owner Earnings62,444 KRW95,855 KRW146,208 KRW76
5Y Revenue Exit57,509 KRW86,265 KRW124,349 KRW72
5Y EBITDA Exit70,742 KRW113,645 KRW167,061 KRW74
5Y P/E Exit75,905 KRW124,328 KRW179,599 KRW70
10Y Revenue Exit61,715 KRW89,281 KRW129,881 KRW67
10Y EBITDA Exit70,629 KRW107,265 KRW161,964 KRW68
10Y P/E Exit73,700 KRW114,281 KRW171,382 KRW63
Earnings-Based
Graham-Dodd23,684 KRW111,838 KRW153,794 KRW64
Lynch FV29,671 KRW42,387 KRW55,104 KRW61
PEG = 1.029,671 KRW42,387 KRW55,104 KRW57
EPV39,235 KRW42,891 KRW45,910 KRW74
Dividend Discount
Gordon GGM3,447 KRW6,055 KRW8,158 KRW68
DDM Multi-Stage3,447 KRW5,606 KRW6,485 KRW67
Multiples
P/E Multiple73,142 KRW97,522 KRW121,903 KRW63
P/S Multiple44,408 KRW59,210 KRW74,013 KRW58
P/B Multiple51,826 KRW69,101 KRW86,377 KRW55
EV/EBIT86,007 KRW110,922 KRW135,836 KRW66
EV/EBITDA75,240 KRW96,566 KRW117,891 KRW67
EV/Revenue49,050 KRW65,245 KRW81,439 KRW54
Asset-Based
NCAV (Graham)2,992 KRW4,534 KRW5,668 KRW54
Growth DCF
Growth DCF71,673 KRW106,514 KRW155,485 KRW78
Rev-Margin DCF57,509 KRW86,106 KRW123,303 KRW72
Economic Profit
Residual Income17,796 KRW24,470 KRW45,013 KRW72
ROIC Compounder39,574 KRW43,634 KRW47,209 KRW72
Growth Earnings
Growth-Adj P/E55,316 KRW79,023 KRW102,730 KRW67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+20.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.8%
Dividend (yield on the price)7.2%
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.9% → 29%
2025 sits 133% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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.Semiconductors · 369 stocks
Beats the industry median on 13/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside+64.1% · Top 25%
Profitability
Return on equity (12 months)39.0% · Top 25%
Return on assets13.3% · Top 25%
Net margin (12 months)27.8% · Top 25%
Operating margin (12 months)25.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)25.9% · Above median
Dividend yield (12 months)7.2% · Top 25%
Valuation Multiplesvs Semiconductors 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). "Kona I Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/052400
Frequently asked questions
Is Kona I Co.Ltd (052400) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 30,528 KRW versus a price of 18,600 KRW, about +64% upside (undervalued).
What is the fair value of 052400?
Our model-based fair value for Kona I Co.Ltd is 30,528 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 18,600 KRW.
What is the quality score of 052400?
Kona I Co.Ltd has a Quality Score of 80/100. 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 Kona I Co.Ltd (052400)?
Our model-based price target is the fair value of 30,528 KRW (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 22,364 KRW, optimistic scenario 37,269 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Kona I Co.Ltd stock forecast for 2026?
Our models put fair value at 30,528 KRW, about +64% upside versus a price of 18,600 KRW (undervalued). Cautious scenario 22,364 KRW, optimistic scenario 37,269 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Kona I Co.Ltd (052400)?
Kona I Co.Ltd reported trailing-twelve-month revenue of about 345B KRW (latest available figure, as of Nov 7, 2026).
Does Kona I Co.Ltd pay a dividend?
Kona I Co.Ltd currently shows a dividend yield of 7.17% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Kona I Co.Ltd (052400) and when is the ex-dividend date?
Kona I Co.Ltd pays a dividend of 1,333 KRW per share a year, a dividend yield of 7.2%. The last ex-dividend date was Jul 15, 2026. The payout ratio is 29.8% of earnings. Free cash flow covers the dividend 4.47 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Kona I Co.Ltd (052400)?
For today's price to be fair in a discounted-cash-flow model, Kona I Co.Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.5 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 052400 use?
Our models discount Kona I Co.Ltd at 11.5 %: a base by market capitalisation (small), damped by beta 0.94, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kona I Co.Ltd that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has Kona I Co.Ltd (052400) delivered so far?
Over the past 5 years revenue at Kona I Co.Ltd grew +17.5 % a year. The price currently implies free-cash-flow growth of less than minus 40 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kona I Co.Ltd (052400) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Kona I Co.Ltd (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kona I Co.Ltd (052400)?
The free-cash-flow yield on the price is 47.71 %: that much free cash flow Kona I Co.Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kona I Co.Ltd (052400)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kona I Co.Ltd it is 30,528 KRW per share (as of Nov 7, 2026), against a price of 18,600 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Kona I Co.Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 052400 trades below its calculated fair value: price 18,600 KRW, fair value 30,528 KRW, a gap of about +64% (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 052400?
No. The price is what the market pays today (18,600 KRW); the fair value is what the company's own numbers justify (30,528 KRW). For Kona I Co.Ltd the two are 11,928 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Kona I Co.Ltd worth?
The market values Kona I Co.Ltd at about 400B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 18,600 KRW; our models calculate a fair value of 30,528 KRW per share.
What do the bullish and bearish scenarios say about 052400?
Our models span a range for Kona I Co.Ltd: cautious scenario 22,364 KRW, base 30,528 KRW, optimistic 37,269 KRW per share (as of Nov 7, 2026, price 18,600 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 052400?
Kona I Co.Ltd trades at a price-to-earnings ratio of 4.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 30,528 KRW is built from several models across several years. Other multiples: P/B 1.6, P/S 1.2, EV/EBITDA 1.4.
How solid is the balance sheet of Kona I Co.Ltd (052400)?
Balance-sheet figures for Kona I Co.Ltd (as of Nov 7, 2026): return on equity 39.0%. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is 052400 from its 52-week high?
Kona I Co.Ltd trades at 18,600 KRW, about 60% below its 52-week high of 46,490 KRW and at the low of 18,600 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 30,528 KRW is for.
Which stocks are comparable to Kona I Co.Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, 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 Kona I Co.Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 18,600 KRW, calculated fair value 30,528 KRW (+64%), Quality Score 80/100, from 26 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 052400 calculated?
We run Kona I Co.Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 30,528 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. Kona I Co.Ltd currently trades 39% 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 Kona I Co.Ltd (052400)?
The closing price on Nov 6, 2026 was 18,600 KRW. Our model-based fair value is 30,528 KRW, about +64% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kona I Co.Ltd right now?
The rarer combination: high quality (80/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (22,364 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Kona I Co.Ltd
How large is the market capitalisation of Kona I Co.Ltd (052400)?
The market capitalisation of Kona I Co.Ltd is 400B KRW (≈ $296M). 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 Kona I Co.Ltd (052400)?
The price-to-sales ratio of Kona I Co.Ltd is 1.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kona I Co.Ltd (052400)?
Earnings per share at Kona I Co.Ltd are 4,480 KRW (price ÷ EPS = P/E 4.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kona I Co.Ltd (052400)?
The dividend yield of Kona I Co.Ltd is 7.2% (payout 29.8%). 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 Kona I Co.Ltd (052400)?
The net margin of Kona I Co.Ltd is 27.8% (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 Kona I Co.Ltd (052400)?
The return on equity (ROE) of Kona I Co.Ltd is 39.0% (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 Kona I Co.Ltd (052400)?
On an EBIT basis the return on assets of Kona I Co.Ltd is 9.6% (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 Kona I Co.Ltd (052400)?
The operating margin of Kona I Co.Ltd is 25.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kona I Co.Ltd (052400)?
Revenue at Kona I Co.Ltd is growing +25.9% versus a year earlier (3y avg +8.5%). 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 Kona I Co.Ltd (052400)?
Earnings per share at Kona I Co.Ltd are growing +45.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Nov 7, 2026