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iCRAFT Co (052460) Fair Value & Analysis

Technology · KR · Market cap 39.6B KRW

IC iCRAFT Co 052460 · KQ
Price7,050 KRW
Fair Value11,811 KRW
Upside+67.5%
Quality64/100
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Mixed Growth
Loss-making · -0.6% net margin
Low debt · generates free cash flow
2.94% dividend yield
Mixed vs. peers (5/9)
Narrow moat 25/100
Evidence: High Range 7,300 KRW – 14,764 KRW Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 9,597 KRW to 11,811 KRW (+23.1%) since Jul 20, 2026. Share price +112.0% over the past month.

A solid business, screening 68% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (7,300 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 (7,300 KRW to 14,764 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

8,709 KRW 1,824 KRW Fair Value 11,811 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 1,824 KRW – 8,709 KRW · fair‑value band 7,300 KRW – 14,764 KRW · the 7,050 KRW price screens below the 11,811 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.

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Analysis

iCRAFT Co (052460) currently trades at 7,050 KRW, while our model-based Fair Value estimate is 11,811 KRW, implying the stock looks roughly 67.5% 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: high), always confirm before acting.

Over the trailing twelve months, iCRAFT Co generated revenue of 105B KRW at a net margin of -0.6%. Revenue declined 19.8% year over year. Net debt stands at 4.1B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 7,300 KRW (bear case) to 14,764 KRW (bull case); at 7,050 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 near its 52-week high and 219% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at 8% fair-value upside, at 68%, 052460 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 6,377 KRW 10,900 KRW 18,994 KRW 80
Residual Income 4,745 KRW 6,706 KRW 39,811 KRW 76
Rev-Margin DCF 6,316 KRW 10,635 KRW 16,552 KRW 74
All 26 models by family
DCF Models
FCF DCF 6,493 KRW 11,293 KRW 21,375 KRW 38
Owner Earnings 11,438 KRW 21,448 KRW 40,198 KRW 31
5Y Revenue Exit 6,316 KRW 10,814 KRW 17,166 KRW 39
5Y EBITDA Exit 8,659 KRW 15,915 KRW 25,482 KRW 41
5Y P/E Exit 12,373 KRW 24,001 KRW 38,106 KRW 38
10Y Revenue Exit 6,155 KRW 10,556 KRW 17,840 KRW 36
10Y EBITDA Exit 7,928 KRW 14,414 KRW 25,185 KRW 37
10Y P/E Exit 10,447 KRW 20,531 KRW 36,337 KRW 35
Earnings-Based
Graham-Dodd 4,724 KRW 26,140 KRW 36,281 KRW 54
Lynch FV 7,290 KRW 10,414 KRW 13,539 KRW 50
PEG = 1.0 7,290 KRW 10,414 KRW 13,539 KRW 46
EPV 5,895 KRW 6,679 KRW 7,365 KRW 59
Dividend Discount
Gordon GGM 601.29 KRW 1,250 KRW 1,983 KRW 70
DDM Multi-Stage 601.29 KRW 1,054 KRW 1,312 KRW 61
Multiples
P/E Multiple 14,590 KRW 19,453 KRW 24,316 KRW 63
P/S Multiple 8,858 KRW 11,811 KRW 14,764 KRW 58
P/B Multiple 8,858 KRW 11,811 KRW 14,764 KRW 55
EV/EBIT 11,068 KRW 14,360 KRW 17,652 KRW 53
EV/EBITDA 10,116 KRW 13,090 KRW 16,065 KRW 54
EV/Revenue 6,185 KRW 8,325 KRW 10,464 KRW 43
Asset-Based
NCAV (Graham) 1,592 KRW 2,133 KRW 3,184 KRW 50
Growth DCF
Growth DCF 6,377 KRW 10,900 KRW 18,994 KRW 80
Rev-Margin DCF 6,316 KRW 10,635 KRW 16,552 KRW 74
Economic Profit
Residual Income 4,745 KRW 6,706 KRW 39,811 KRW 76
ROIC Compounder 6,698 KRW 8,739 KRW 11,409 KRW 72
Growth Earnings
Growth-Adj P/E 12,329 KRW 17,612 KRW 22,896 KRW 68

Widest divergence: Growth Earnings (17,612 KRW) versus Dividend Discount (1,054 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 105B KRW
Revenue growth (YoY) -19.8%
Net margin -0.6%
Return on equity -1,367%
Free cash flow 5.6B KRW FY2025
Operating margin -0.1%
More key figures
Dividend yield 2.9%
EPS growth (YoY) +38.8%
Net debt 4.1B KRW FY2022

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 65 · Market factors (momentum, volatility) 72

Profitability 64
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 19
Calm price path (market factor)
Momentum 92
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 71
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

iCRAFT Co., Ltd. operates as an IT company in Korea and internationally. The company offers internet core/access network solutions; internet infra value added services; mobile internet services; storage solutions; internet applications, such as web-cache, web acceleration, and video systems; integrated security services for internet; voice data integration …

Full company description

iCRAFT Co., Ltd. operates as an IT company in Korea and internationally. The company offers internet core/access network solutions; internet infra value added services; mobile internet services; storage solutions; internet applications, such as web-cache, web acceleration, and video systems; integrated security services for internet; voice data integration services; traffic management systems; consulting services; block chain services; software defined network solutions; and artificial intelligence solutions. Its principal products include routers, switches, network security solutions, signaling controllers, media gateways, adapters, cables, and other products. The company was founded in 2000 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

iCRAFT Co reported revenue of 206B KRW in FY2025 versus 105B KRW in FY2021, a compound +18.3%/yr. Reported net income was 10.1B KRW in FY2025, compounding +48.2%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
206B KRW
Latest YoY
+105.5%
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.
+22.3%
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.
+16.5%
Avg. growth/yr (12Y) 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.
+12.1%
Revenue +18.3%/yr
FY21 105B KRW
FY22 113B KRW
FY23 139B KRW
FY24 100B KRW
FY25 206B KRW
Net income +48.2%/yr
FY21 2.1B KRW
FY22 505M KRW
FY23 4.6B KRW
FY24 −926M KRW
FY25 10.1B KRW

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Cite: Fair Value Calculator (2026). "iCRAFT Co Fair Value". https://www.fairvalue-calculator.com/stock/052460

Peer Group

Software & IT Services · 34 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 · Top 25%
Fair Value upside +68% · Above median
Return on assets -0% · Bottom 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) -0% · Bottom 25%
Revenue growth -20% · Bottom 25%
Dividend yield (TTM) 2.9% · Top 25%

Valuation Multiples vs Software & IT Services median · lower = cheaper

P/FCF 0.0× · Cheaper than 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.

VALUE 100 · sector 56
FUTURE 0 · sector 2
PAST 0 · sector 100
HEALTH 100 · sector 99
DIVIDEND 59 · sector 25

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
KINX, Inc 093320 151,600 KRW 74,800 KRW -51%
Wemade Co 112040 17,830 KRW 9,700 KRW -46%
Gabia Inc 079940 43,200 KRW 33,925 KRW -21%
Hancom Inc 030520 18,680 KRW 44,234 KRW +137%
Webzen Inc 069080 11,830 KRW 12,748 KRW +8%
NEOWIZ 095660 19,260 KRW 46,407 KRW +141%
Wemade Max Co 101730 4,560 KRW 1,014 KRW -78%
GalaxiaMoneytree Co 094480 5,250 KRW 3,778 KRW -28%
DAEA TI Co 045390 2,635 KRW 4,940 KRW +87%
UBcare. Co 032620 3,060 KRW 4,805 KRW +57%

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Frequently asked questions

Is iCRAFT Co (052460) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 11,811 KRW versus a price of 7,050 KRW, about +68% (undervalued).
What is the fair value of 052460?
Our model-based fair value for iCRAFT Co is 11,811 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price is 7,050 KRW.
What is the quality score of 052460?
iCRAFT 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 iCRAFT Co (052460)?
iCRAFT Co reported trailing-twelve-month revenue of about 105B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 052460?
The net profit margin of iCRAFT Co is about -0.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does iCRAFT Co pay a dividend?
iCRAFT Co currently shows a dividend yield of about 2.94% relative to its recent price (as of Aug 13, 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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