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ELUON Corporation (065440) Fair Value & Analysis

Technology · KR · Market cap 35.9B KRW

EC ELUON Corporation 065440 · KQ
Price1,603 KRW
Fair Value725.79 KRW
Upside-54.7%
Quality45/100
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Mixed Growth
Thin margins · 3.7% net margin
Low debt · negative free cash flow
Trails peers (0/7)
Narrow moat 31/100
Evidence: Medium Range 656.58 KRW – 795.56 KRW Share as image

Fair value as of: Jul 20, 2026

From 14 valuation models · updated 21 days ago

Share price +6.1% over the past month.

Below-average quality, and screening another 55% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (795.56 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

6,790 KRW 1,150 KRW Fair Value 725.79 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 1,150 KRW – 6,790 KRW · fair‑value band 656.58 KRW – 795.56 KRW · the 1,603 KRW price screens above the 725.79 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.

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Analysis

ELUON Corporation (065440) currently trades at 1,603 KRW, while our model-based Fair Value estimate is 725.79 KRW, implying the stock looks roughly 54.7% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, ELUON Corporation generated revenue of 54.7B KRW at a net margin of 3.7%. Revenue declined 23.4% year over year. Fundamentals as of Jul 20, 2026

Our scenario range runs from 656.58 KRW (bear case) to 795.56 KRW (bull case); at 1,603 KRW, the current price sits above 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 69% below its 52-week high and 35% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 8% fair-value upside, at -55%, 065440 screens richer 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
ROIC Compounder 652.39 KRW 720.07 KRW 779.30 KRW 72
Growth-Adj P/E 677.27 KRW 967.53 KRW 1,258 KRW 68
P/E Multiple 913.63 KRW 1,218 KRW 1,523 KRW 63
All 14 models by family
DCF Models
Owner Earnings 1,003 KRW 1,319 KRW 1,763 KRW 31
Earnings-Based
Graham-Dodd 414.18 KRW 893.33 KRW 1,136 KRW 54
PEG = 1.0 138.57 KRW 197.95 KRW 257.34 KRW 46
EPV 652.39 KRW 720.07 KRW 779.30 KRW 59
Multiples
P/E Multiple 913.63 KRW 1,218 KRW 1,523 KRW 63
P/S Multiple 776.58 KRW 1,035 KRW 1,294 KRW 58
P/B Multiple 776.58 KRW 1,035 KRW 1,294 KRW 55
EV/EBIT 1,033 KRW 1,295 KRW 1,557 KRW 53
EV/EBITDA 1,129 KRW 1,423 KRW 1,717 KRW 54
EV/Revenue 776.25 KRW 1,003 KRW 1,231 KRW 43
Asset-Based
NCAV (Graham) 956.47 KRW 1,282 KRW 1,913 KRW 50
Economic Profit
Residual Income 1,392 KRW 1,355 KRW 1,158 KRW 61
ROIC Compounder 652.39 KRW 720.07 KRW 779.30 KRW 72
Growth Earnings
Growth-Adj P/E 677.27 KRW 967.53 KRW 1,258 KRW 68

Widest divergence: DCF Models (1,319 KRW) versus Earnings-Based (720.07 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 54.7B KRW
Revenue growth (YoY) -23.4%
Net margin 3.7%
Return on equity 1,074%
Free cash flow −1.5B KRW FY2025
Operating margin 3.6%
More key figures
EPS growth (YoY) -88.2%

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 44 · Market factors (momentum, volatility) 25

Profitability 34
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 76
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

ELUON Corporation provides mobile solutions and services in the field of digital convergence to the telecommunication industry worldwide.

Full company description

ELUON Corporation provides mobile solutions and services in the field of digital convergence to the telecommunication industry worldwide. The company offers packet network solutions, such as virtualized evolved packet core, which provides an open control-based distributed structure mobile core network technology; ring back tone services; multipath TCP gateway solutions for data transmission through two different kinds of networks; and voice mailing system, short message service center, and multimedia message service center solutions. Its core network solutions include home location register, authentication center, USIM management center, gateway location register, roaming SCP, user data convergence, diameter routing agent, diameter edge agent, and enhanced serving mobile location center solutions; and IMS network comprise home subscriber server, media resource function, IMS based value added service, and interconnection border control function solutions. The company also provides video IVR, RBT, VMS, and conference solutions; and e-commerce solution. In addition, it offers enhanced telco advertising platform, a location-based mobile advertising service; ViewRing, a multimedia caller information sending service; Two-way CCTV, a two-way surveillance service with real-time monitoring; and DMP (Hosu), a data management platform. The company was formerly known as Softeleware, Inc. and changed its name to ELUON Corporation in March 2006. ELUON Corporation was founded in 1998 and is based in Seongnam-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ELUON Corporation reported revenue of 61.6B KRW in FY2025 versus 56.2B KRW in FY2021, a compound +2.3%/yr. Reported net income was 1.6B KRW in FY2025, compounding −2.8%/yr from FY2021.

Growth Quality 28/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
61.6B KRW
Latest YoY
−10.2%
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.
+2.9%
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.
+5.2%
Avg. growth/yr (20Y) 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.
+6.3%
Revenue +2.3%/yr
FY21 56.2B KRW
FY22 56.6B KRW
FY23 56.0B KRW
FY24 68.5B KRW
FY25 61.6B KRW
Net income −2.8%/yr
FY21 1.8B KRW
FY22 1.7B KRW
FY23 3.7B KRW
FY24 5.6B KRW
FY25 1.6B KRW

065440 screens 55% overvalued. Compare with KINX, Inc →

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Cite: Fair Value Calculator (2026). "ELUON Corporation Fair Value". https://www.fairvalue-calculator.com/stock/065440

Peer Group

Software & IT Services · 32 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 45 · Bottom 25%
Fair Value upside −55% · Below median
Return on assets 2% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth -23% · Bottom 25%
Debt / equity 0.08× · Higher than median

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 0 · sector 0
FUTURE 0 · sector 28
PAST 0 · sector 74
HEALTH 96 · sector 99
DIVIDEND 0 · sector 26

VALUE 0: the price sits above our fair-value range.

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 & IT Services stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

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Gabia Inc 079940 44,050 KRW 24,232 KRW -45%
Hancom Inc 030520 15,890 KRW 31,596 KRW +99%
Webzen Inc 069080 11,750 KRW 12,748 KRW +8%
NEOWIZ 095660 17,010 KRW 46,407 KRW +173%
Wemade Max Co 101730 3,665 KRW 825.00 KRW -77%
GalaxiaMoneytree Co 094480 4,600 KRW 3,778 KRW -18%
DAEA TI Co 045390 2,475 KRW 4,958 KRW +100%

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Frequently asked questions

Is ELUON Corporation (065440) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 725.79 KRW versus a price of 1,603 KRW, about −55% (overvalued).
What is the fair value of 065440?
Our model-based fair value for ELUON Corporation is 725.79 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 1,603 KRW.
What is the quality score of 065440?
ELUON Corporation has a Quality Score of 45/100. 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 ELUON Corporation (065440)?
ELUON Corporation reported trailing-twelve-month revenue of about 54.7B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 065440?
The net profit margin of ELUON Corporation is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. Based on the latest reported figures.

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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