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FreeMs Corporation (053160) Fair Value & Analysis

Technology · KR · Market cap 46.7B KRW

FC FreeMs Corporation 053160 · KQ
Price9,230 KRW
Fair Value3,549 KRW
Upside-61.6%
Quality64/100
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Healthy Growth
Loss-making · -2.7% net margin
Low debt · generates free cash flow
1.45% dividend yield
Mixed vs. peers (4/10)
Narrow moat 20/100
Evidence: High Range 3,450 KRW – 3,748 KRW Share as image

Fair value as of: Jul 22, 2026

From 22 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 3,370 KRW to 3,549 KRW (+5.3%) since Jul 6, 2026. Share price −1.3% over the past month.

A solid business, but screening 62% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (3,748 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (3,450 KRW to 3,748 KRW), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

30,870 KRW 5,761 KRW Fair Value 3,549 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 5,761 KRW – 30,870 KRW · fair‑value band 3,450 KRW – 3,748 KRW · the 9,230 KRW price screens above the 3,549 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

FreeMs Corporation (053160) currently trades at 9,230 KRW, while our model-based Fair Value estimate is 3,549 KRW, implying the stock looks roughly 61.6% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, FreeMs Corporation generated revenue of 23.0B KRW at a net margin of -2.7%. Revenue declined 2.4% year over year. It earns a return on equity of -0.9%. Net debt stands at 317M KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 3,450 KRW (bear case) to 3,748 KRW (bull case); at 9,230 KRW, the current price sits above 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 6% below its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -62%, 053160 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 5,400 KRW 6,337 KRW 7,941 KRW 80
Residual Income 9,617 KRW 8,970 KRW 6,682 KRW 76
Rev-Margin DCF 4,163 KRW 4,572 KRW 5,101 KRW 74
All 22 models by family
DCF Models
FCF DCF 5,285 KRW 6,251 KRW 8,041 KRW 38
Owner Earnings 4,228 KRW 4,779 KRW 5,799 KRW 31
5Y Revenue Exit 4,163 KRW 4,515 KRW 5,020 KRW 39
5Y EBITDA Exit 4,230 KRW 4,630 KRW 5,161 KRW 41
5Y P/E Exit 5,234 KRW 6,368 KRW 7,724 KRW 38
10Y Revenue Exit 4,567 KRW 4,868 KRW 5,166 KRW 36
10Y EBITDA Exit 4,626 KRW 4,940 KRW 5,249 KRW 37
10Y P/E Exit 5,235 KRW 6,014 KRW 6,754 KRW 35
Earnings-Based
Graham-Dodd 1,199 KRW 1,466 KRW 1,649 KRW 54
EPV 3,478 KRW 3,587 KRW 3,682 KRW 59
Multiples
P/E Multiple 2,778 KRW 3,704 KRW 4,629 KRW 63
P/S Multiple 2,249 KRW 2,998 KRW 3,748 KRW 58
P/B Multiple 2,249 KRW 2,998 KRW 3,748 KRW 55
EV/EBIT 3,796 KRW 4,120 KRW 4,444 KRW 53
EV/EBITDA 3,695 KRW 3,985 KRW 4,275 KRW 54
EV/Revenue 3,518 KRW 3,815 KRW 4,113 KRW 43
Asset-Based
NCAV (Graham) 6,989 KRW 9,365 KRW 13,978 KRW 50
Growth DCF
Growth DCF 5,400 KRW 6,337 KRW 7,941 KRW 80
Rev-Margin DCF 4,163 KRW 4,572 KRW 5,101 KRW 74
Economic Profit
Residual Income 9,617 KRW 8,970 KRW 6,682 KRW 76
ROIC Compounder 3,478 KRW 3,587 KRW 3,682 KRW 72
Growth Earnings
Growth-Adj P/E 1,961 KRW 2,802 KRW 3,643 KRW 68

Widest divergence: Asset-Based (9,365 KRW) versus Earnings-Based (1,466 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 23.0B KRW
Revenue growth (YoY) -2.4%
Net margin -2.7%
Return on equity -0.9%
Free cash flow 1.3B KRW FY2025
Operating margin -0.7%
More key figures
Dividend yield 1.7%
EPS growth (YoY) -47.2%
Net debt 317M KRW FY2021

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 65 · Market factors (momentum, volatility) 54

Profitability 18
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 83
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

FreeMs Corporation manufactures and sells heavy construction equipment in South Korea and internationally. It also offers computers and peripherals, network devices, LCD modules, financial terminals, and electronic equipment, as well as wire harness and battlefield controllers. The company was founded in 1989 and is headquartered in Bucheon-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FreeMs Corporation reported revenue of 23.1B KRW in FY2025 versus 25.2B KRW in FY2021, a compound −2.1%/yr. Reported net income was 899M KRW in FY2025, compounding −7.3%/yr from FY2021.

Growth Quality 63/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
23.1B KRW
Latest YoY
+30.7%
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.
−7.9%
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.
+4.7%
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.
−2.5%
Revenue −2.1%/yr
FY21 25.2B KRW
FY22 29.6B KRW
FY23 22.9B KRW
FY24 17.7B KRW
FY25 23.1B KRW
Net income −7.3%/yr
FY21 1.2B KRW
FY22 1.3B KRW
FY23 734M KRW
FY24 −1.5B KRW
FY25 899M KRW

053160 screens 62% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "FreeMs Corporation Fair Value". https://www.fairvalue-calculator.com/stock/053160

Peer Group

Electronic Components · 625 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 −62% · Below median
Return on assets 0% · Below median
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -2% · Below median
Dividend yield (TTM) 1.5% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Electronic Components 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 0 · sector 0
FUTURE 0 · sector 32
PAST 0 · sector 24
HEALTH 100 · sector 95
DIVIDEND 29 · sector 25

VALUE 0: the price sits above our fair-value range.

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

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is FreeMs Corporation (053160) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 3,549 KRW versus a price of 9,230 KRW, about −62% (overvalued).
What is the fair value of 053160?
Our model-based fair value for FreeMs Corporation is 3,549 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 9,230 KRW.
What is the quality score of 053160?
FreeMs Corporation 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 FreeMs Corporation (053160)?
FreeMs Corporation reported trailing-twelve-month revenue of about 23.0B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 053160?
The net profit margin of FreeMs Corporation is about -2.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does FreeMs Corporation pay a dividend?
FreeMs Corporation currently shows a dividend yield of about 1.69% 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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