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Kona I Co (052400) Fair Value & Analysis

Technology · KR · Market cap 578B KRW

KI Kona I Co 052400 · KQ
Price42,600 KRW
Fair Value56,769 KRW
Upside+33.3%
Quality80/100
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Healthy Growth
Highly profitable · 27.1% net margin
Low debt · generates free cash flow
4.98% dividend yield
Ranks above peers (10/10)
Wide moat 89/100
Evidence: High Range 42,577 KRW – 70,962 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 103,766 KRW to 56,769 KRW (−45.3%) since Jun 25, 2026. Share price −3.3% over the past month.

A strong business, screening 33% undervalued on our models.

What matters now

  • The rarer combination: high quality (80/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • Our model range runs from 42,577 KRW (bear) to 70,962 KRW (bull), base 56,769 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 80/100 (high quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

78,017 KRW 12,536 KRW Fair Value 56,769 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 12,536 KRW – 78,017 KRW · fair‑value band 42,577 KRW – 70,962 KRW · the 42,600 KRW price screens below the 56,769 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

Kona I Co (052400) currently trades at 42,600 KRW, while our model-based Fair Value estimate is 56,769 KRW, implying the stock looks roughly 33.3% undervalued today. The Quality Score stands at 80/100 (high 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, Kona I Co generated revenue of 328B KRW at a net margin of 27.1%. Revenue grew 32.0% year over year. It earns a return on equity of 38.4%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 42,577 KRW (bear case) to 70,962 KRW (bull case); at 42,600 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 48% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 33%, 052400 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 137,893 KRW 236,894 KRW 416,487 KRW 80
Residual Income 37,465 KRW 51,685 KRW 383,218 KRW 76
Rev-Margin DCF 79,996 KRW 115,370 KRW 161,538 KRW 74
All 24 models by family
DCF Models
FCF DCF 138,567 KRW 245,086 KRW 440,473 KRW 38
Owner Earnings 76,258 KRW 128,280 KRW 223,703 KRW 31
5Y Revenue Exit 79,996 KRW 114,994 KRW 160,401 KRW 39
5Y EBITDA Exit 98,342 KRW 153,021 KRW 220,518 KRW 41
5Y P/E Exit 104,133 KRW 165,025 KRW 234,128 KRW 38
10Y Revenue Exit 96,620 KRW 136,843 KRW 194,903 KRW 36
10Y EBITDA Exit 110,448 KRW 165,440 KRW 246,669 KRW 37
10Y P/E Exit 114,384 KRW 174,467 KRW 258,389 KRW 35
Earnings-Based
Graham-Dodd 35,280 KRW 166,598 KRW 229,096 KRW 54
Lynch FV 44,199 KRW 63,142 KRW 82,084 KRW 50
PEG = 1.0 44,199 KRW 63,142 KRW 82,084 KRW 46
EPV 70,851 KRW 80,393 KRW 88,875 KRW 59
Multiples
P/E Multiple 77,825 KRW 103,766 KRW 129,708 KRW 63
P/S Multiple 40,334 KRW 53,779 KRW 67,224 KRW 58
P/B Multiple 40,490 KRW 53,987 KRW 67,483 KRW 55
EV/EBIT 100,283 KRW 128,119 KRW 155,954 KRW 53
EV/EBITDA 85,607 KRW 108,550 KRW 131,493 KRW 54
EV/Revenue 54,423 KRW 70,557 KRW 86,690 KRW 43
Asset-Based
NCAV (Graham) 8,998 KRW 12,057 KRW 17,996 KRW 50
Growth DCF
Growth DCF 137,893 KRW 236,894 KRW 416,487 KRW 80
Rev-Margin DCF 79,996 KRW 115,370 KRW 161,538 KRW 74
Economic Profit
Residual Income 37,465 KRW 51,685 KRW 383,218 KRW 76
ROIC Compounder 71,575 KRW 82,111 KRW 92,113 KRW 72
Growth Earnings
Growth-Adj P/E 67,950 KRW 97,071 KRW 126,192 KRW 68

Widest divergence: DCF Models (153,021 KRW) versus Asset-Based (12,057 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 328B KRW
Revenue growth (YoY) +32.0%
Net margin 27.1%
Return on equity 38.4%
Free cash flow 128B KRW FY2025
Operating margin 32.2%
More key figures
Dividend yield 2.4%
EPS growth (YoY) +161%

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

Quality Score breakdown

Overall quality 80/100

Of which business quality 79 · Market factors (momentum, volatility) 20

Profitability 71
Margins and returns on capital today
Quality Growth 85
Are margins and returns improving?
Cashflow 95
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 37
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 73
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

Kona I Co.,Ltd. provides solutions and platforms for the financial technology market in South Korea and internationally. 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.

Full company description

Kona I Co.,Ltd. provides solutions and platforms for the financial technology market in South Korea and internationally. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kona I Co 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.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
309B KRW
Latest YoY
+30.8%
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.
+8.5%
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.
+17.5%
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.
+6.1%
Revenue +12.3%/yr
FY21 195B KRW
FY22 242B KRW
FY23 280B KRW
FY24 236B KRW
FY25 309B KRW
Net income +9.1%/yr
FY21 52.6B KRW
FY22 34.3B KRW
FY23 29.2B KRW
FY24 30.3B KRW
FY25 74.6B KRW

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Cite: Fair Value Calculator (2026). "Kona I Co Fair Value". https://www.fairvalue-calculator.com/stock/052400

Peer Group

Semiconductors · 318 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 80 · Top 25%
Fair Value upside +33% · Top 25%
Return on equity (TTM) 38% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 27% · Top 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth 32% · Above median
Dividend yield (TTM) 5.0% · Top 25%

Valuation Multiples vs Semiconductors 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 78 · sector 0
FUTURE 100 · sector 60
PAST 100 · sector 25
HEALTH 100 · sector 97
DIVIDEND 100 · sector 22

Insider activity: 45/100

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

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Kona I Co (052400) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 56,769 KRW versus a price of 42,600 KRW, about +33% (undervalued).
What is the fair value of 052400?
Our model-based fair value for Kona I Co is 56,769 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 42,600 KRW.
What is the quality score of 052400?
Kona I Co 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 revenue of Kona I Co (052400)?
Kona I Co reported trailing-twelve-month revenue of about 328B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 052400?
The net profit margin of Kona I Co is about 27.1%, meaning it keeps roughly 27.1% of revenue as net income. Based on the latest reported figures.
Does Kona I Co pay a dividend?
Kona I Co currently shows a dividend yield of about 2.41% 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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