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ELP Corporation (063760) Fair Value & Analysis

Technology · KR · Market cap 22.4B KRW

EC ELP Corporation 063760 · KQ
Price2,430 KRW
Fair Value5,844 KRW
Upside+140.5%
Quality65/100
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Expensive Growth
Solidly profitable · 16.3% net margin
Low debt · generates free cash flow
5.47% dividend yield
Ranks above peers (9/10)
Moderate moat 45/100
Evidence: High Range 4,751 KRW – 8,005 KRW Share as image

Fair value as of: Jul 22, 2026

From 23 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 5,860 KRW to 5,844 KRW (−0.3%) since Jun 25, 2026. Share price −8.1% over the past month.

A solid business, screening 140% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (4,751 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

12,466 KRW 1,761 KRW Fair Value 5,844 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 1,761 KRW – 12,466 KRW · fair‑value band 4,751 KRW – 8,005 KRW · the 2,430 KRW price screens below the 5,844 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

ELP Corporation (063760) currently trades at 2,430 KRW, while our model-based Fair Value estimate is 5,844 KRW, implying the stock looks roughly 140.5% undervalued today. The Quality Score stands at 65/100 (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, ELP Corporation generated revenue of 35.1B KRW at a net margin of 16.3%. It earns a return on equity of 9.2%. Net debt stands at 1.1B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 4,751 KRW (bear case) to 8,005 KRW (bull case); at 2,430 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 about 46% below its 52-week high and 41% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at 140%, 063760 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 1,750 KRW 2,112 KRW 2,606 KRW 80
Residual Income 5,658 KRW 5,606 KRW 5,057 KRW 76
Rev-Margin DCF 2,627 KRW 3,786 KRW 5,007 KRW 74
All 23 models by family
DCF Models
FCF DCF 1,723 KRW 2,112 KRW 2,664 KRW 38
Owner Earnings 5,688 KRW 7,812 KRW 10,829 KRW 31
5Y Revenue Exit 2,627 KRW 3,791 KRW 5,241 KRW 39
5Y EBITDA Exit 2,984 KRW 4,423 KRW 6,040 KRW 41
5Y P/E Exit 3,327 KRW 5,031 KRW 6,735 KRW 38
10Y Revenue Exit 2,209 KRW 3,184 KRW 4,416 KRW 36
10Y EBITDA Exit 2,502 KRW 3,611 KRW 4,997 KRW 37
10Y P/E Exit 2,716 KRW 4,021 KRW 5,501 KRW 35
Earnings-Based
Graham-Dodd 2,079 KRW 4,784 KRW 6,139 KRW 54
PEG = 1.0 802.67 KRW 1,147 KRW 1,491 KRW 46
EPV 2,873 KRW 3,213 KRW 3,510 KRW 59
Multiples
P/E Multiple 3,899 KRW 5,198 KRW 6,498 KRW 63
P/S Multiple 3,615 KRW 4,820 KRW 6,025 KRW 58
P/B Multiple 3,899 KRW 5,198 KRW 6,498 KRW 55
EV/EBIT 3,679 KRW 4,628 KRW 5,576 KRW 53
EV/EBITDA 4,117 KRW 5,211 KRW 6,306 KRW 54
EV/Revenue 3,300 KRW 4,357 KRW 5,414 KRW 43
Asset-Based
NCAV (Graham) 3,793 KRW 5,083 KRW 7,586 KRW 50
Growth DCF
Growth DCF 1,750 KRW 2,112 KRW 2,606 KRW 80
Rev-Margin DCF 2,627 KRW 3,786 KRW 5,007 KRW 74
Economic Profit
Residual Income 5,658 KRW 5,606 KRW 5,057 KRW 76
ROIC Compounder 2,873 KRW 3,213 KRW 3,510 KRW 72
Growth Earnings
Growth-Adj P/E 2,979 KRW 4,256 KRW 5,532 KRW 68

Widest divergence: Asset-Based (5,083 KRW) versus Growth DCF (2,112 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 35.1B KRW
Revenue growth (YoY) +372%
Net margin 16.3%
Return on equity 9.2%
Free cash flow 712M KRW FY2025
Operating margin 7.0%
More key figures
Dividend yield 5.0%
EPS growth (YoY) +99.8%
Net debt 1.1B KRW FY2022

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 61 · Market factors (momentum, volatility) 44

Profitability 29
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 88
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

ELP Corporation engages in the development and sale of display test products in South Korea. It offers micro LED pattern generator (PG), micro display AOI system, micro LED EL and PL system, micro LED optical test system, micro LED contactor for electroluminescence, nano LED processing system, and pick and place for micro LED/mini LED products; and OLED PG, …

Full company description

ELP Corporation engages in the development and sale of display test products in South Korea. It offers micro LED pattern generator (PG), micro display AOI system, micro LED EL and PL system, micro LED optical test system, micro LED contactor for electroluminescence, nano LED processing system, and pick and place for micro LED/mini LED products; and OLED PG, ACA system, AOI system, TV test system, module aging system, touch test system, DeMura system, reliability test system, contactor, test JIG, mother glass test system, inkjet test system, and strain sensor and guage. The company also provides semiconductor package test system, LCR meter, and antenna in package tester. ELP Corporation was founded in 1999 and is headquartered in Hwaseong-si, South Korea.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

ELP Corporation reported revenue of 27.3B KRW in FY2025 versus 23.6B KRW in FY2022, a compound +5.0%/yr. Reported net income was 2.6B KRW in FY2025.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
27.3B KRW
Latest YoY
−2.5%
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.
+5.0%
Revenue +5.0%/yr
FY22 23.6B KRW
FY23 21.4B KRW
FY24 28.0B KRW
FY25 27.3B KRW
Net income
FY22 −1.6B KRW
FY23 568M KRW
FY24 −1.3B KRW
FY25 2.6B KRW

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Cite: Fair Value Calculator (2026). "ELP Corporation Fair Value". https://www.fairvalue-calculator.com/stock/063760

Peer Group

Scientific & Technical Instruments · 161 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 65 · Above median
Fair Value upside +141% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 7% · Above median
Revenue growth 372% · Top 25%
Dividend yield (TTM) 5.5% · Top 25%
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Scientific & Technical Instruments 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 100 · sector 0
FUTURE 100 · sector 34
PAST 37 · sector 25
HEALTH 95 · sector 98
DIVIDEND 100 · sector 24

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $315.90 $84.16 -73%
Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is ELP Corporation (063760) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 5,844 KRW versus a price of 2,430 KRW, about +140% (undervalued).
What is the fair value of 063760?
Our model-based fair value for ELP Corporation is 5,844 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 2,430 KRW.
What is the quality score of 063760?
ELP Corporation has a Quality Score of 65/100. 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 ELP Corporation (063760)?
ELP Corporation reported trailing-twelve-month revenue of about 35.1B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 063760?
The net profit margin of ELP Corporation is about 16.3%, meaning it keeps roughly 16.3% of revenue as net income. Based on the latest reported figures.
Does ELP Corporation pay a dividend?
ELP Corporation currently shows a dividend yield of about 5.00% 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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