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Victek Co (065450) Fair Value & Analysis

Industrials · KR · Market cap 86.3B KRW

VC Victek Co 065450 · KQ
Price3,030 KRW
Fair Value1,908 KRW
Upside-37.0%
Quality53/100
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Expensive Growth
Thin margins · 5.0% net margin
Low debt · generates free cash flow
1.03% dividend yield
Mixed vs. peers (6/11)
Narrow moat 35/100
Evidence: High Range 1,607 KRW – 2,678 KRW Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 1,915 KRW to 1,908 KRW (−0.4%) since Jul 6, 2026. Share price −4.6% over the past month.

A solid business, but screening 37% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2,678 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

7,893 KRW 2,700 KRW Fair Value 1,908 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 2,700 KRW – 7,893 KRW · fair‑value band 1,607 KRW – 2,678 KRW · the 3,030 KRW price screens above the 1,908 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

Victek Co (065450) currently trades at 3,030 KRW, while our model-based Fair Value estimate is 1,908 KRW, implying the stock looks roughly 37.0% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Industrials 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: high).

Over the trailing twelve months, Victek Co generated revenue of 88.9B KRW at a net margin of 5.0%. Revenue grew 39.9% year over year. It earns a return on equity of 7.6%. Net debt stands at 18.3B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,607 KRW (bear case) to 2,678 KRW (bull case); at 3,030 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 57% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -37%, 065450 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 108.50 KRW 406.53 KRW 908.02 KRW 80
Residual Income 1,716 KRW 1,812 KRW 1,971 KRW 76
Rev-Margin DCF 758.51 KRW 1,707 KRW 2,919 KRW 74
All 26 models by family
DCF Models
FCF DCF 110.75 KRW 433.16 KRW 988.97 KRW 38
Owner Earnings 292.32 KRW 758.34 KRW 1,562 KRW 31
5Y Revenue Exit 758.51 KRW 1,750 KRW 3,124 KRW 39
5Y EBITDA Exit 758.50 KRW 1,750 KRW 3,008 KRW 41
5Y P/E Exit 836.10 KRW 1,909 KRW 3,145 KRW 38
10Y Revenue Exit 488.61 KRW 1,359 KRW 2,736 KRW 36
10Y EBITDA Exit 535.59 KRW 1,359 KRW 2,640 KRW 37
10Y P/E Exit 586.90 KRW 1,475 KRW 2,754 KRW 35
Earnings-Based
Graham-Dodd 1,041 KRW 4,713 KRW 6,464 KRW 54
Lynch FV 1,232 KRW 1,760 KRW 2,288 KRW 50
PEG = 1.0 1,232 KRW 1,760 KRW 2,288 KRW 46
EPV 1,006 KRW 1,223 KRW 1,413 KRW 59
Dividend Discount
Gordon GGM 274.35 KRW 570.44 KRW 904.94 KRW 70
DDM Multi-Stage 274.35 KRW 481.01 KRW 598.69 KRW 61
Multiples
P/E Multiple 1,607 KRW 2,142 KRW 2,678 KRW 63
P/S Multiple 1,951 KRW 2,601 KRW 3,252 KRW 58
P/B Multiple 1,951 KRW 2,601 KRW 3,252 KRW 55
EV/EBIT 843.38 KRW 1,223 KRW 1,604 KRW 53
EV/EBITDA 1,185 KRW 1,680 KRW 2,174 KRW 54
EV/Revenue 1,087 KRW 1,680 KRW 2,272 KRW 43
Asset-Based
NCAV (Graham) 1,054 KRW 1,412 KRW 2,107 KRW 50
Growth DCF
Growth DCF 108.50 KRW 406.53 KRW 908.02 KRW 80
Rev-Margin DCF 758.51 KRW 1,707 KRW 2,919 KRW 74
Economic Profit
Residual Income 1,716 KRW 1,812 KRW 1,971 KRW 76
ROIC Compounder 1,006 KRW 1,223 KRW 1,413 KRW 72
Growth Earnings
Growth-Adj P/E 1,625 KRW 2,321 KRW 3,017 KRW 68

Widest divergence: Growth Earnings (2,321 KRW) versus Growth DCF (406.53 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 88.9B KRW
Revenue growth (YoY) +39.9%
Net margin 5.0%
Return on equity 7.6%
Free cash flow 918M KRW FY2025
Operating margin 0.9%
More key figures
Dividend yield 0.9%
EPS growth (YoY) +258%
Net debt 18.3B KRW FY2025

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 51 · Market factors (momentum, volatility) 19

Profitability 33
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 82
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

Victek Co., Ltd. provides electronic warfare systems, direction finding devices, power supply devices, identification devices for defense applications in South Korea. The company offers public bicycle sharing system. It also provides amplifier, signal processing and control, electrical facility/information, and communication devices. Victek Co., Ltd.

Full company description

Victek Co., Ltd. provides electronic warfare systems, direction finding devices, power supply devices, identification devices for defense applications in South Korea. The company offers public bicycle sharing system. It also provides amplifier, signal processing and control, electrical facility/information, and communication devices. Victek Co., Ltd. was founded in 1990 and is headquartered in Icheon-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Victek Co reported revenue of 83.0B KRW in FY2025 versus 102B KRW in FY2021, a compound −5.1%/yr. Reported net income was 4.4B KRW in FY2025, compounding −4.4%/yr from FY2021.

Growth Quality 47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
83.0B KRW
Latest YoY
+16.0%
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.
+3.7%
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.
+4.3%
Avg. growth/yr (11Y) 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.
+8.3%
Revenue −5.1%/yr
FY21 102B KRW
FY22 74.4B KRW
FY23 54.9B KRW
FY24 71.5B KRW
FY25 83.0B KRW
Net income −4.4%/yr
FY21 5.3B KRW
FY22 −232M KRW
FY23 −4.2B KRW
FY24 3.8B KRW
FY25 4.4B KRW

065450 screens 37% overvalued. Compare with General Electric Company →

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Cite: Fair Value Calculator (2026). "Victek Co Fair Value". https://www.fairvalue-calculator.com/stock/065450

Peer Group

Energy · 1218 stocks

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 “Aerospace & Defense” was too small, so the broader sector is used.)

Quality Score 53 · Above median
Fair Value upside −37% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 2% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 1% · Below median
Revenue growth 40% · Top 25%
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Energy median · lower = cheaper

P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 0.9× · 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 0 · sector 6
FUTURE 100 · sector 2
PAST 31 · sector 18
HEALTH 86 · sector 91
DIVIDEND 21 · sector 51

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.

Weapons Defense

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
General Electric Company GE $381.22 $116.71 -69%
RTX Corporation RTX $195.93 $88.37 -55%
Airbus SE 1AIR €213.25 €86.20 -60%
The Boeing Company BA $217.11 $48.20 -78%
China CSSC Holdings 600150 ¥34.31 ¥21.90 -36%
HD Hyundai Heavy Industries Co 329180 466,000 KRW 272,966 KRW -41%
Hanwha Aerospace Co 012450 967,000 KRW 573,468 KRW -41%
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS 337.50 TRY 130.70 TRY -61%
Saab AB SAABB kr 520.40 kr 212.84 -59%
Kongsberg Gruppen ASA KOG kr 277.50 kr 106.93 -61%

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Frequently asked questions

Is Victek Co (065450) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,908 KRW versus a price of 3,030 KRW, about −37% (overvalued).
What is the fair value of 065450?
Our model-based fair value for Victek Co is 1,908 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 3,030 KRW.
What is the quality score of 065450?
Victek Co has a Quality Score of 53/100. 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 Victek Co (065450)?
Victek Co reported trailing-twelve-month revenue of about 88.9B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 065450?
The net profit margin of Victek Co is about 5.0%, meaning it keeps roughly 5.0% of revenue as net income. Based on the latest reported figures.
Does Victek Co pay a dividend?
Victek Co currently shows a dividend yield of about 0.87% 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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