System and Application Technologies Co. Ltd (060540) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of System and Application Technologies Co. Ltd stock KRW 2,390, price KRW 1,145, upside +108.7%, quality 59 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 1,011 KRW – 3,725 KRW · fair‑value band 2,255 KRW – 2,581 KRW · the 1,145 KRW price screens below the 2,390 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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System and Application Technologies Co., Ltd engages in the transportation management system, mobile system, and wireless communication system businesses.
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It offers high and low speed weigh in motion systems; portable scale, which measures a wheel load of vehicle; and weightbridge, a system to measure the axle weight or gross weight of vehicles.
The company also provides automatic vehicle classification system that measures traffic volume, road occupation rate, speed, etc.; vehicle detection system, which collects traffic information and transmits the information to center; variable message sign system that provides drivers with real-time information on the status of traffic, road, weather and road control due to constructions, etc.; and CCTV solution for traffic, crime prevention, and surveillance, as well as various application services.
In addition, it offers die-cutting products for mobile products; films and tapes for printing; communication repeater and platform screen doors control systems; recycles construction wastes; produces and sells recycled aggregates; and produces mobile printouts, etc.
System and Application Technologies Co., Ltd was founded in 1994 and is based in Gunpo-si, South Korea.
Stock analysis
System and Application Technologies Co. Ltd (060540) currently trades at 1,145 KRW, while our model-based Fair Value estimate is 2,390 KRW, implying the stock looks roughly 52% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 3,892 KRW per share, and 15 of the 26 models we run sit above the 1,145 KRW price.
Bear case: the Dividend Discount group reads lowest at 515.26 KRW, and 11 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 2,255 KRW (bear) to 2,581 KRW (bull), the price of 1,145 KRW sits below 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 59/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
System and Application Technologies Co. Ltd reported revenue of 160B KRW in FY2025 versus 163B KRW in FY2021, a compound −0.5%/yr. Reported net income was 787M KRW in FY2025, compounding −41.3%/yr from FY2021.
Key figures
Market cap 29.9B KRW (≈ $22.1M) Micro · P/S ratio 0.18 · Dividend yield 3.8% · Net margin 6.2% · Return on equity −3.7% · Return on assets (EBIT) 3.7% (5-year average) · Operating margin 6.9% · Revenue (TTM) 172B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 22% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 41% fair-value upside, at 109%, 060540 screens cheaper than that median.
Fair Value models
Bear2,255 KRWFair Value 2,390 KRWBull2,581 KRW
Price 1,145 KRW · Upside +108.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.0%
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.
−2.9%
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.
+5.0%
Start year 2020 (pandemic). Over 10 years: +15.2% 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.
+9.0%
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What shareholders gained per year (last 5 years), in KRW ⓘ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. Basis: EBIT basis. 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.
−8.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.8%
Dividend (yield on the price)3.8%
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.−34.7% vs −15.2%, slowing
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.5% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−10.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −12.1% a year for the price.
Compare System and Application Technologies Co. Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Communications & Networking” was too small, so the broader sector is used.)Information Technology · 3611 stocks
Beats the sector median on 9/12 measures
Overall it ranks above its sector peers.
Valuation
Quality Score59 · Above median
Fair Value upside+108.7% · Top 25%
Profitability
Return on assets0.5% · Below median
Net margin (12 months)6.2% · Above median
Operating margin (12 months)6.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)−18.5% · Bottom 25%
Dividend yield (12 months)3.8% · Top 25%
Balance sheet
Debt / equity0.06× · Above median
Valuation Multiplesvs Information Technology median · lower = cheaper
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Cite: Fair Value Calculator (2026). "System and Application Technologies Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/060540
Frequently asked questions
Is System and Application Technologies Co. Ltd (060540) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 2,390 KRW versus a price of 1,145 KRW, about +109% upside (undervalued).
What is the fair value of 060540?
Our model-based fair value for System and Application Technologies Co. Ltd is 2,390 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 1,145 KRW.
What is the quality score of 060540?
System and Application Technologies Co. Ltd has a Quality Score of 59/100. 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 System and Application Technologies Co. Ltd (060540)?
Our model-based price target is the fair value of 2,390 KRW (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 2,255 KRW, optimistic scenario 2,581 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the System and Application Technologies Co. Ltd stock forecast for 2026?
Our models put fair value at 2,390 KRW, about +109% upside versus a price of 1,145 KRW (undervalued). Cautious scenario 2,255 KRW, optimistic scenario 2,581 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of System and Application Technologies Co. Ltd (060540)?
System and Application Technologies Co. Ltd reported trailing-twelve-month revenue of about 172B KRW (latest available figure, as of Nov 7, 2026).
Does System and Application Technologies Co. Ltd pay a dividend?
System and Application Technologies Co. Ltd currently shows a dividend yield of 3.77% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of System and Application Technologies Co. Ltd (060540)?
System and Application Technologies Co. Ltd has a dividend yield of 3.8%. A dividend has been paid every year since at least 2017. Our assessment: Safety not assessed. Payout ratio and cash coverage are not available, so we do not judge how safe this dividend is.
What growth is priced into System and Application Technologies Co. Ltd (060540)?
For today's price to be fair in a discounted-cash-flow model, System and Application Technologies Co. Ltd would have to grow free cash flow by -10.3 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 060540 use?
Our models discount System and Application Technologies Co. Ltd at 10.4 %: a base by market capitalisation (nano), damped by beta 1.11, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For System and Application Technologies Co. Ltd that is -10.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has System and Application Technologies Co. Ltd (060540) delivered so far?
Over the past 5 years revenue at System and Application Technologies Co. Ltd grew +5.0 % a year. The price currently implies free-cash-flow growth of -10.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of System and Application Technologies Co. Ltd (060540) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into System and Application Technologies Co. Ltd (-10.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of System and Application Technologies Co. Ltd (060540)?
The free-cash-flow yield on the price is 28.73 %: that much free cash flow System and Application Technologies Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of System and Application Technologies Co. Ltd (060540)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For System and Application Technologies Co. Ltd it is 2,390 KRW per share (as of Nov 7, 2026), against a price of 1,145 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is System and Application Technologies Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 060540 trades below its calculated fair value: price 1,145 KRW, fair value 2,390 KRW, a gap of about +109% (undervalued). 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 060540?
No. The price is what the market pays today (1,145 KRW); the fair value is what the company's own numbers justify (2,390 KRW). For System and Application Technologies Co. Ltd the two are 1,245 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is System and Application Technologies Co. Ltd worth?
The market values System and Application Technologies Co. Ltd at about 29.9B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 1,145 KRW; our models calculate a fair value of 2,390 KRW per share.
What do the bullish and bearish scenarios say about 060540?
Our models span a range for System and Application Technologies Co. Ltd: cautious scenario 2,255 KRW, base 2,390 KRW, optimistic 2,581 KRW per share (as of Nov 7, 2026, price 1,145 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of System and Application Technologies Co. Ltd (060540)?
Balance-sheet figures for System and Application Technologies Co. Ltd (as of Nov 7, 2026): return on equity −3.7%, debt of 0.06 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 060540 from its 52-week high?
System and Application Technologies Co. Ltd trades at 1,145 KRW, about 22% below its 52-week high of 1,474 KRW and 13% above the low of 1,011 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2,390 KRW is for.
Which stocks are comparable to System and Application Technologies Co. Ltd?
From the same area (Technology) we also value Intellian Technologies, Inc, SOLiD, Inc, ANS, Innowireless Co, 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 System and Application Technologies Co. Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 1,145 KRW, calculated fair value 2,390 KRW (+109%), Quality Score 59/100, from 26 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 060540 calculated?
We run System and Application Technologies Co. Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2,390 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. System and Application Technologies Co. Ltd currently trades 52% below its own fair value, and the market average says nothing about that. 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 System and Application Technologies Co. Ltd (060540)?
The closing price on Nov 6, 2026 was 1,145 KRW. Our model-based fair value is 2,390 KRW, about +109% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with System and Application Technologies Co. Ltd right now?
The price is below even our cautious bear case (2,255 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (2,255 KRW to 2,581 KRW), unusually little disagreement for a valuation.
Key figures of System and Application Technologies Co. Ltd
How large is the market capitalisation of System and Application Technologies Co. Ltd (060540)?
The market capitalisation of System and Application Technologies Co. Ltd is 29.9B KRW (≈ $22.1M). 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 System and Application Technologies Co. Ltd (060540)?
The price-to-sales ratio of System and Application Technologies Co. Ltd is 0.18 (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 System and Application Technologies Co. Ltd (060540)?
The dividend yield of System and Application Technologies Co. Ltd is 3.8%. 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 System and Application Technologies Co. Ltd (060540)?
The net margin of System and Application Technologies Co. Ltd is 6.2% (last twelve months). 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 System and Application Technologies Co. Ltd (060540)?
The return on equity (ROE) of System and Application Technologies Co. Ltd is −3.7% (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 System and Application Technologies Co. Ltd (060540)?
On an EBIT basis the return on assets of System and Application Technologies Co. Ltd is 3.7% (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 System and Application Technologies Co. Ltd (060540)?
The operating margin of System and Application Technologies Co. Ltd is 6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at System and Application Technologies Co. Ltd (060540)?
Revenue at System and Application Technologies Co. Ltd is growing −18.5% versus a year earlier (3y avg −2.9%). 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 System and Application Technologies Co. Ltd (060540)?
Earnings per share at System and Application Technologies Co. Ltd are growing −66.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does System and Application Technologies Co. Ltd (060540) carry?
The net debt of System and Application Technologies Co. Ltd is 19.7B KRW (fiscal year 2025, ≈ 2.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 7, 2026