INITECH Co. Ltd (053350) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of INITECH Co. Ltd KRW 3,075, price KRW 4,560, upside -32.6%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 2,260 KRW – 11,710 KRW · fair‑value band 2,153 KRW – 3,114 KRW · the 4,560 KRW price screens above the 3,075 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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INITECH Co., Ltd., an IT financial and security company, provides information security solutions in South Korea.
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INITECH Co., Ltd., an IT financial and security company, provides information security solutions in South Korea. The company develops e-banking systems, such as service planning and consulting, development, control and monitoring, and maintenance; offers e-banking solutions, including internet and smart banking; operates data centers that provide various supplementary services for enterprises; and IT professional services, such as security system management/consulting, development and SI, SM, business management, and education and training programs. It also provides IB20 framework that allows customers to manage issues for multi device support, as well as controls the management factors that occurs during the formation of presentations; and UBiz30 business framework that offers productivity enhancement and test environments to adopt the changes in business environment and expand channels. In addition, the company offers security solution, such as PKI, an authentication and digital signature; biometric solution that offers self-authentication based on biometric information comprising fingerprint, iris, facial, voice, etc.; ISoT solution, an information system that connects and shares information; and IAM, a database encryption solution for integrated access control management. Further, it provides system and DB security solutions; end point security solutions; and hardware security module, a solution for the protection of encryption lifecycle. The company was founded in 1997 and is based in Seoul, South Korea. INITECH Co., Ltd. is a subsidiary of H&C Network Co. Ltd.
Stock analysis
INITECH Co. Ltd (053350) currently trades at 4,560 KRW, while our model-based Fair Value estimate is 3,075 KRW, implying the stock looks roughly 48.3% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 4,786 KRW per share, and 1 of the 10 models we run sit above the 4,560 KRW price.
Bear case: the Earnings-Based group reads lowest at 1,218 KRW, and 9 of the 10 models stay below the price. Evidence for this calculation is medium.
Scenario range: 2,153 KRW (bear) to 3,114 KRW (bull), the price of 4,560 KRW sits above 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 49/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
INITECH Co. Ltd reported revenue of 32.8B KRW in FY2025 versus 50.3B KRW in FY2021, a compound −10.1%/yr. Reported net income was 2.8B KRW in FY2025, compounding −5.7%/yr from FY2021.
Key figures
Market cap 76.5B KRW (≈ $56.2M) · P/S ratio 0.26 · Dividend yield 0.5% · Net margin 8.6% · Return on equity 217% · Return on assets (EBIT) −1.3% · Operating margin −0.4% · Revenue growth (YoY) +20.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and 102% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 48% fair-value upside, at −33%, 053350 screens richer than that median.
Fair Value models
Bear 2,153 KRWFair Value 3,075 KRWBull 3,114 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.11/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−15.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−15.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−35.4%
Start year 2020 (pandemic). Over 10 years: −16.9% a year
Revenue growth 18 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.7%
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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.
+17.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.7%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5% vs −11%, picking up
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.1% → −7%
2025 sits 125% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 21.5%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Software & IT Services · 39 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Bottom 25%
Fair Value upside−33% · Below median
Profitability
Return on equity (TTM)217% · Above median
Return on assets0% · Bottom 25%
Net margin (TTM)0% · Below median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth21% · Top 25%
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.06× · Above median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 47
FUTURE (revenue growth)100· sector 3
PAST (return on equity)100· sector 100
HEALTH (low debt)97· sector 99
DIVIDEND (yield)9· sector 26
VALUE 0: the price sits above our fair-value range.
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.
Is INITECH Co. Ltd (053350) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3,075 KRW versus a price of 4,560 KRW, about −33% upside (overvalued).
What is the fair value of 053350?
Our model-based fair value for INITECH Co. Ltd is 3,075 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 4,560 KRW.
What is the quality score of 053350?
INITECH Co. Ltd has a Quality Score of 49/100. 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 INITECH Co. Ltd (053350)?
Our model-based price target is the fair value of 3,075 KRW (as of Sep 24, 2026) from 10 valuation models. Cautious scenario 2,153 KRW, optimistic scenario 3,114 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the INITECH Co. Ltd stock forecast for 2026?
Our models put fair value at 3,075 KRW, about −33% upside versus a price of 4,560 KRW (overvalued). Cautious scenario 2,153 KRW, optimistic scenario 3,114 KRW. The calculation is refreshed regularly with new filings.
Does INITECH Co. Ltd pay a dividend?
INITECH Co. Ltd currently shows a dividend yield of about 0.47% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of INITECH Co. Ltd (053350)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For INITECH Co. Ltd it is 3,075 KRW per share (as of Sep 24, 2026), against a price of 4,560 KRW. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is INITECH Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 053350 trades above its calculated fair value: price 4,560 KRW, fair value 3,075 KRW, a gap of about −33% (overvalued). 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 053350?
No. The price is what the market pays today (4,560 KRW); the fair value is what the company's own numbers justify (3,075 KRW). For INITECH Co. Ltd the two are 1,485 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is INITECH Co. Ltd worth?
The market values INITECH Co. Ltd at about 76.5B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 4,560 KRW; our models calculate a fair value of 3,075 KRW per share.
What do the bullish and bearish scenarios say about 053350?
Our models span a range for INITECH Co. Ltd: cautious scenario 2,153 KRW, base 3,075 KRW, optimistic 3,114 KRW per share (as of Sep 24, 2026, price 4,560 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of INITECH Co. Ltd (053350)?
Balance-sheet figures for INITECH Co. Ltd (as of Sep 24, 2026): return on equity 217.1%, debt of 0.06 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 053350 from its 52-week high?
INITECH Co. Ltd trades at 4,560 KRW, about 51% below its 52-week high of 9,300 KRW and 102% above the low of 2,260 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 3,075 KRW is for.
Which stocks are comparable to INITECH Co. Ltd?
From the same area (Technology) we also value KINX, Inc, Wemade Co, Gabia Inc, Hancom 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 INITECH Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 4,560 KRW, calculated fair value 3,075 KRW (−33%), Quality Score 49/100, from 10 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 053350 calculated?
We run INITECH Co. Ltd through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 3,075 KRW, 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 14.0 % above its aggregate fair value. INITECH Co. Ltd itself currently trades above fair value. 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 INITECH Co. Ltd (053350)?
The closing price on Sep 23, 2026 was 4,560 KRW. Our model-based fair value is 3,075 KRW, about −33% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with INITECH Co. Ltd right now?
The price sits above even our optimistic bull case (3,114 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of INITECH Co. Ltd
How large is the market capitalisation of INITECH Co. Ltd (053350)?
The market capitalisation of INITECH Co. Ltd is 76.5B KRW (≈ $56.2M). 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 INITECH Co. Ltd (053350)?
The price-to-sales ratio of INITECH Co. Ltd is 0.26 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of INITECH Co. Ltd (053350)?
The dividend yield of INITECH Co. Ltd is 0.5%. 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 INITECH Co. Ltd (053350)?
The net margin of INITECH Co. Ltd is 8.6% (fiscal year 2025). 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 INITECH Co. Ltd (053350)?
The return on equity (ROE) of INITECH Co. Ltd is 217% (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 INITECH Co. Ltd (053350)?
On an EBIT basis the return on assets of INITECH Co. Ltd is −1.3% (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 INITECH Co. Ltd (053350)?
The operating margin of INITECH Co. Ltd is −0.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at INITECH Co. Ltd (053350)?
Revenue at INITECH Co. Ltd is growing +20.5% versus a year earlier (3y avg −15.2%). 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 INITECH Co. Ltd (053350)?
Earnings per share at INITECH Co. Ltd are growing −93.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does INITECH Co. Ltd (053350) generate?
The free cash flow of INITECH Co. Ltd is −2.1B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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