TOP Engineering Co. Ltd (065130) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of TOP Engineering Co. Ltd KRW 6,676, price KRW 3,035, upside +120.0%, quality 44 out of 100. 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, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range 2,380 KRW – 11,580 KRW · fair‑value band 4,982 KRW – 9,965 KRW · the 3,035 KRW price screens below the 6,676 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 3, 2026.
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TOP Engineering Co., Ltd develops, manufactures, and sells LCD/OLED/LED, camera module, test, secondary battery, and roll to roll equipment in South Korea and internationally.
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TOP Engineering Co., Ltd develops, manufactures, and sells LCD/OLED/LED, camera module, test, secondary battery, and roll to roll equipment in South Korea and internationally. The company offers LCD/OLED/LED equipment, such as LC and seal dispensers, glass cutting systems, array testers, direct bonding systems, dam and fill dispensers, and micro led non-contact EL inspection technology and equipment; and secondary battery equipment comprising roll-to-roll type assembly process equipment, battery moudles, and pack assembly process equipment. It also provides camera module equipment, including auto focus testers, final inspection equipment, housing attach equipment, and OIS calibration shakers; and test equipment, such as mobile display test boards and testers, parametric test equipment, and semiconductor parameter analyzers. In addition, the company offers roll to roll equipment comprising display and consumer electronic film converting equipment, energy film converting equipment, tape converting machines, other specialties, full line coating solutions, and precision coating station and lab coater solutions; and smart sensors, such as UWB radar sensors. TOP Engineering Co., Ltd was founded in 1993 and is headquartered in Gumi-si, South Korea.
Stock analysis
TOP Engineering Co. Ltd (065130) currently trades at 3,035 KRW, while our model-based Fair Value estimate is 6,676 KRW, implying the stock looks roughly 54.5% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 80/100, which puts the evidence level at low.
Scenario range: 4,982 KRW (bear) to 9,965 KRW (bull), the price of 3,035 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 44/100 (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.
TOP Engineering Co. Ltd reported revenue of 798B KRW in FY2025 versus 1.1T KRW in FY2021, a compound −7.4%/yr. Reported net income was −36.6B KRW in FY2025.
Key figures
Market cap 45.0B KRW (≈ $33.4M) · P/S ratio 0.05 · Net margin −4.6% · Return on equity −7.1% · Return on assets (EBIT) −4.0% · Operating margin 3.4% · Revenue (TTM) 859B KRW · Revenue growth (YoY) +11.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 35% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −28% fair-value upside, at 120%, 065130 screens cheaper than that median.
Fair Value models
Bear 4,982 KRWFair Value 6,676 KRWBull 9,965 KRW
Price 3,035 KRW · Upside +120.0%
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. 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.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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−2.1%
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.
−5.2%
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.
−7.6%
Start year 2020 (pandemic). Over 10 years: +19.2% a year
Revenue growth 15 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.
+12.6%
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Profit margin (trend) ⓘ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.
−2.1% (2020) → −4.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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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.Semiconductor Equipment & Materials · 219 stocks
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Is TOP Engineering Co. Ltd (065130) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 6,676 KRW versus a price of 3,035 KRW, about +120% upside (undervalued).
What is the fair value of 065130?
Our model-based fair value for TOP Engineering Co. Ltd is 6,676 KRW (as of Oct 3, 2026), built from audited fundamentals. The current price: 3,035 KRW.
What is the quality score of 065130?
TOP Engineering Co. Ltd has a Quality Score of 44/100. 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 TOP Engineering Co. Ltd (065130)?
Our model-based price target is the fair value of 6,676 KRW (as of Oct 3, 2026) from 1 valuation models. Cautious scenario 4,982 KRW, optimistic scenario 9,965 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the TOP Engineering Co. Ltd stock forecast for 2026?
Our models put fair value at 6,676 KRW, about +120% upside versus a price of 3,035 KRW (undervalued). Cautious scenario 4,982 KRW, optimistic scenario 9,965 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of TOP Engineering Co. Ltd (065130)?
TOP Engineering Co. Ltd reported trailing-twelve-month revenue of about 859B KRW (latest available figure, as of Oct 3, 2026).
What is the intrinsic value of TOP Engineering Co. Ltd (065130)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TOP Engineering Co. Ltd it is 6,676 KRW per share (as of Oct 3, 2026), against a price of 3,035 KRW. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is TOP Engineering Co. Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 065130 trades below its calculated fair value: price 3,035 KRW, fair value 6,676 KRW, a gap of about +120% (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 065130?
No. The price is what the market pays today (3,035 KRW); the fair value is what the company's own numbers justify (6,676 KRW). For TOP Engineering Co. Ltd the two are 3,641 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is TOP Engineering Co. Ltd worth?
The market values TOP Engineering Co. Ltd at about 45.0B KRW (market capitalisation, as of Oct 3, 2026). Per share that is 3,035 KRW; our models calculate a fair value of 6,676 KRW per share.
What do the bullish and bearish scenarios say about 065130?
Our models span a range for TOP Engineering Co. Ltd: cautious scenario 4,982 KRW, base 6,676 KRW, optimistic 9,965 KRW per share (as of Oct 3, 2026, price 3,035 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of TOP Engineering Co. Ltd (065130)?
Balance-sheet figures for TOP Engineering Co. Ltd (as of Oct 3, 2026): return on equity −7.1%, debt of 0.00 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 065130 from its 52-week high?
TOP Engineering Co. Ltd trades at 3,035 KRW, about 35% below its 52-week high of 4,685 KRW and 28% above the low of 2,380 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 6,676 KRW is for.
Which stocks are comparable to TOP Engineering Co. Ltd?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA Corporation, 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 TOP Engineering Co. Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price 3,035 KRW, calculated fair value 6,676 KRW (+120%), Quality Score 44/100, from 1 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 065130 calculated?
We run TOP Engineering Co. Ltd through 1 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 6,676 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 15.0 % above its aggregate fair value. TOP Engineering Co. Ltd currently trades 55 % 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 TOP Engineering Co. Ltd (065130)?
The closing price on Oct 2, 2026 was 3,035 KRW. Our model-based fair value is 6,676 KRW, about +120% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TOP Engineering Co. Ltd right now?
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (4,982 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. A fairly wide model range (4,982 KRW to 9,965 KRW) leaves room in how you read the outcome.
Key figures of TOP Engineering Co. Ltd
How large is the market capitalisation of TOP Engineering Co. Ltd (065130)?
The market capitalisation of TOP Engineering Co. Ltd is 45.0B KRW (≈ $33.4M). 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 TOP Engineering Co. Ltd (065130)?
The price-to-sales ratio of TOP Engineering Co. Ltd is 0.05 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of TOP Engineering Co. Ltd (065130)?
The net margin of TOP Engineering Co. Ltd is −4.6% (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 TOP Engineering Co. Ltd (065130)?
The return on equity (ROE) of TOP Engineering Co. Ltd is −7.1% (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 TOP Engineering Co. Ltd (065130)?
On an EBIT basis the return on assets of TOP Engineering Co. Ltd is −4.0% (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 TOP Engineering Co. Ltd (065130)?
The operating margin of TOP Engineering Co. Ltd is 3.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TOP Engineering Co. Ltd (065130)?
Revenue at TOP Engineering Co. Ltd is growing +11.9% versus a year earlier (3y avg −5.2%). 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 TOP Engineering Co. Ltd (065130)?
Earnings per share at TOP Engineering Co. Ltd are growing −65.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TOP Engineering Co. Ltd (065130) generate?
The free cash flow of TOP Engineering Co. Ltd is −662M KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does TOP Engineering Co. Ltd (065130) carry?
The net debt of TOP Engineering Co. Ltd is 9.4B KRW (fiscal year 2025). 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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