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AhnLab, Inc (053800) Fair Value & Analysis

Technology · KR · Market cap 471B KRW

AI AhnLab, Inc 053800 · KQ
Price60,500 KRW
Fair Value74,446 KRW
Upside+23.1%
Quality72/100
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Mixed Growth
Highly profitable · 20.8% net margin
Low debt · generates free cash flow
2.67% dividend yield
Ranks above peers (8/10)
Moderate moat 61/100
Evidence: High Range 57,448 KRW – 137,245 KRW Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 70,141 KRW to 74,446 KRW (+6.1%) since Jul 6, 2026. Share price +9.0% over the past month.

A solid business, screening 23% undervalued on our models.

What matters now

  • A fairly wide model range (57,448 KRW to 137,245 KRW) leaves room in how you read the outcome.
  • Our model range runs from 57,448 KRW (bear) to 137,245 KRW (bull), base 74,446 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

163,003 KRW 48,997 KRW Fair Value 74,446 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 48,997 KRW – 163,003 KRW · fair‑value band 57,448 KRW – 137,245 KRW · the 60,500 KRW price screens below the 74,446 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

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Analysis

AhnLab, Inc (053800) currently trades at 60,500 KRW, while our model-based Fair Value estimate is 74,446 KRW, implying the stock looks roughly 23.1% undervalued today. The Quality Score stands at 72/100 (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, AhnLab, Inc generated revenue of 270B KRW at a net margin of 20.8%. Revenue grew 3.3% year over year. It earns a return on equity of 14.5%. Fundamentals as of Jul 20, 2026

Our scenario range runs from 57,448 KRW (bear case) to 137,245 KRW (bull case); at 60,500 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 19% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at 23%, 053800 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 88,219 KRW 132,674 KRW 200,730 KRW 80
Residual Income 41,936 KRW 54,926 KRW 150,387 KRW 76
Rev-Margin DCF 55,357 KRW 79,072 KRW 107,222 KRW 74
All 24 models by family
DCF Models
FCF DCF 86,879 KRW 137,473 KRW 220,340 KRW 38
Owner Earnings 86,438 KRW 136,749 KRW 219,156 KRW 31
5Y Revenue Exit 55,357 KRW 78,388 KRW 107,167 KRW 39
5Y EBITDA Exit 61,621 KRW 90,309 KRW 123,493 KRW 41
5Y P/E Exit 88,106 KRW 140,712 KRW 196,651 KRW 38
10Y Revenue Exit 64,413 KRW 88,644 KRW 120,462 KRW 36
10Y EBITDA Exit 69,621 KRW 97,190 KRW 133,418 KRW 37
10Y P/E Exit 87,009 KRW 133,328 KRW 191,477 KRW 35
Earnings-Based
Graham-Dodd 41,058 KRW 138,386 KRW 185,453 KRW 54
Lynch FV 31,573 KRW 45,104 KRW 58,635 KRW 50
PEG = 1.0 31,573 KRW 45,104 KRW 58,635 KRW 46
EPV 35,294 KRW 40,205 KRW 44,570 KRW 59
Multiples
P/E Multiple 90,570 KRW 120,760 KRW 150,950 KRW 63
P/S Multiple 55,834 KRW 74,446 KRW 93,057 KRW 58
P/B Multiple 76,985 KRW 102,646 KRW 128,308 KRW 55
EV/EBIT 57,448 KRW 74,108 KRW 90,768 KRW 53
EV/EBITDA 53,984 KRW 69,489 KRW 84,994 KRW 54
EV/Revenue 41,158 KRW 55,597 KRW 70,035 KRW 43
Asset-Based
NCAV (Graham) 20,778 KRW 27,842 KRW 41,556 KRW 50
Growth DCF
Growth DCF 88,219 KRW 132,674 KRW 200,730 KRW 80
Rev-Margin DCF 55,357 KRW 79,072 KRW 107,222 KRW 74
Economic Profit
Residual Income 41,936 KRW 54,926 KRW 150,387 KRW 76
ROIC Compounder 35,294 KRW 40,205 KRW 48,639 KRW 72
Growth Earnings
Growth-Adj P/E 77,485 KRW 110,692 KRW 143,900 KRW 68

Widest divergence: Growth Earnings (110,692 KRW) versus Asset-Based (27,842 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 270B KRW
Revenue growth (YoY) +3.3%
Net margin 20.8%
Return on equity 14.5%
Free cash flow 58.3B KRW FY2025
Operating margin 3.3%
More key figures
Dividend yield 2.5%
EPS growth (YoY) +57.5%

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 73 · Market factors (momentum, volatility) 42

Profitability 69
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 67
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

AhnLab, Inc. provides information security solutions and services for consumers, enterprises, and small and medium businesses worldwide.

Full company description

AhnLab, Inc. provides information security solutions and services for consumers, enterprises, and small and medium businesses worldwide. It offers AhnLab XDR, a cloud-based and SaaS-delivered platform that collects and analyzes logs from various systems and helps customers to manage cyber risks; AhnLab MDS, an advanced persistent threat protection solution; and AhnLab CPP, a cloud workload protection platform. It also provides AhnLab EPP, an endpoint protection platform for optimized interoperation and integrated management of various security functions; AhnLab EDR, an endpoint detection and response solution that monitors endpoints for threat detection, analysis, and response; V3 Endpoint Security, an endpoint security solution; and V3Net for Windows Server, an integrated security solution to protect computer and personal information by detecting and repairing malicious security threats, as well as blocking hack attacks. In addition, the company offers V3 Mobile Security, a mobile solution for anti-malware, anti-theft, and privacy protection; AhnLab EPS, a control and management tool to protect critical infrastructures from malicious threats; AhnLab Xcanner, a manual and scan-based malware detection and remediation program that detects and deletes malware in fixed function systems; and AhnLab TS Engine Suite, an integrative engine that offers response to a range of security threats. Further, it provides network security solutions, such as AhnLab TrusGuard DPX, a protection solution for anti- distributed denial of service (DDoS); AhnLab TrusGuard, a solution that integrates firewall, IPS, VPN, anti-virus, anti-spam security, and DLP to protect the business environment; AhnLab AIPS, an advanced network intrusion prevention solution; and AhnLab TMS, a network threat management platform. Additionally, the company offers managed security, IT security consulting, and forensic services. AhnLab, Inc. was founded in 1995 and is headquartered in Seongnam-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AhnLab, Inc reported revenue of 268B KRW in FY2025 versus 207B KRW in FY2021, a compound +6.6%/yr. Reported net income was 54.3B KRW in FY2025, compounding +6.5%/yr from FY2021.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
268B KRW
Latest YoY
+2.7%
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.
+5.5%
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.
+8.5%
Avg. growth/yr (22Y) 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.
+9.7%
Revenue +6.6%/yr
FY21 207B KRW
FY22 228B KRW
FY23 239B KRW
FY24 261B KRW
FY25 268B KRW
Net income +6.5%/yr
FY21 42.2B KRW
FY22 14.2B KRW
FY23 35.8B KRW
FY24 33.7B KRW
FY25 54.3B KRW

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Cite: Fair Value Calculator (2026). "AhnLab, Inc Fair Value". https://www.fairvalue-calculator.com/stock/053800

Peer Group

Software - Infrastructure · 370 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 72 · Top 25%
Fair Value upside +23% · Top 25%
Return on equity (TTM) 15% · Above median
Return on assets 4% · Above median
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 3% · Below median
Revenue growth 3% · Below median
Dividend yield (TTM) 2.7% · Above median

Valuation Multiples vs Software - Infrastructure 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 64 · sector 0
FUTURE 17 · sector 46
PAST 58 · sector 15
HEALTH 100 · sector 98
DIVIDEND 53 · sector 28

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 Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is AhnLab, Inc (053800) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 74,446 KRW versus a price of 60,500 KRW, about +23% (undervalued).
What is the fair value of 053800?
Our model-based fair value for AhnLab, Inc is 74,446 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 60,500 KRW.
What is the quality score of 053800?
AhnLab, Inc has a Quality Score of 72/100. 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 AhnLab, Inc (053800)?
AhnLab, Inc reported trailing-twelve-month revenue of about 270B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 053800?
The net profit margin of AhnLab, Inc is about 20.8%, meaning it keeps roughly 20.8% of revenue as net income. Based on the latest reported figures.
Does AhnLab, Inc pay a dividend?
AhnLab, Inc currently shows a dividend yield of about 2.46% relative to its recent price (as of Jul 20, 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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