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CS Corporation (065770) Fair Value & Analysis

Technology · KR · Market cap 18.5B KRW

CC CS Corporation 065770 · KQ
Price1,709 KRW
Fair Value760.08 KRW
Upside-55.5%
Quality61/100
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Weak Growth
Loss-making · -11.6% net margin
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 29/100
Evidence: Low Range 501.66 KRW – 950.11 KRW Share as image

Fair value as of: Jul 20, 2026

From 3 valuation models · updated 21 days ago

Share price −5.8% over the past month.

A solid business, but screening 56% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (950.11 KRW). The favourable scenario is already priced in.
  • 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 but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (501.66 KRW to 950.11 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

15,480 KRW 1,230 KRW Fair Value 760.08 KRW Feb 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 1,230 KRW – 15,480 KRW · fair‑value band 501.66 KRW – 950.11 KRW · the 1,709 KRW price screens above the 760.08 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

CS Corporation (065770) currently trades at 1,709 KRW, while our model-based Fair Value estimate is 760.08 KRW, implying the stock looks roughly 55.5% overvalued today. The Quality Score stands at 61/100 (solid 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: low).

Over the trailing twelve months, CS Corporation generated revenue of 32.3B KRW at a net margin of -11.6%. Revenue grew 5.7% year over year. It earns a return on equity of 139.9%. Net debt stands at 618M KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 501.66 KRW (bear case) to 950.11 KRW (bull case); at 1,709 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 73% below its 52-week high and 42% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -6% fair-value upside, at -56%, 065770 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
Gordon GGM 478.08 KRW 523.28 KRW 592.16 KRW 70
DDM Multi-Stage 478.08 KRW 599.82 KRW 770.46 KRW 61
NCAV (Graham) 463.11 KRW 620.57 KRW 926.23 KRW 50
All 3 models by family
Dividend Discount
Gordon GGM 478.08 KRW 523.28 KRW 592.16 KRW 70
DDM Multi-Stage 478.08 KRW 599.82 KRW 770.46 KRW 61
Asset-Based
NCAV (Graham) 463.11 KRW 620.57 KRW 926.23 KRW 50

Widest divergence: Asset-Based (620.57 KRW) versus Dividend Discount (523.28 KRW). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 32.3B KRW
Revenue growth (YoY) +5.7%
Net margin -11.6%
Return on equity 140%
Free cash flow −2.0B KRW FY2025
Operating margin -9.1%
More key figures
EPS growth (YoY) +121%
Net debt 618M KRW FY2023

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 60 · Market factors (momentum, volatility) 15

Profitability 29
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 100
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

CS Corporation manufactures and sells IT equipment for telecommunication companies worldwide. It offers distributed antenna systems; and RF repeaters and interference cancellation systems that provides a solution to enhance 3G/4G/5G mobile coverage for indoor and outdoor. The company was formerly known as C&S Microwave Co., Ltd.

Full company description

CS Corporation manufactures and sells IT equipment for telecommunication companies worldwide. It offers distributed antenna systems; and RF repeaters and interference cancellation systems that provides a solution to enhance 3G/4G/5G mobile coverage for indoor and outdoor. The company was formerly known as C&S Microwave Co., Ltd. and changed its name to CS Corporation in March 2010. CS Corporation was founded in 1999 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

CS Corporation reported revenue of 23.6B KRW in FY2025 versus 41.1B KRW in FY2021, a compound −12.9%/yr. Reported net income was −998M KRW in FY2025.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
23.6B KRW
Latest YoY
−36.4%
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.
−12.4%
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.
−11.3%
Avg. growth/yr (17Y) 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.
−3.4%
Revenue −12.9%/yr
FY21 41.1B KRW
FY22 35.2B KRW
FY23 33.7B KRW
FY24 37.2B KRW
FY25 23.6B KRW
Net income
FY21 −2.4B KRW
FY22 −3.5B KRW
FY23 −682M KRW
FY24 1.1B KRW
FY25 −998M KRW

065770 screens 56% overvalued. Compare with Intellian Technologies, Inc →

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Cite: Fair Value Calculator (2026). "CS Corporation Fair Value". https://www.fairvalue-calculator.com/stock/065770

Peer Group

Information Technology · 3403 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 “Communications & Networking” was too small, so the broader sector is used.)

Quality Score 61 · Above median
Fair Value upside −56% · Below median
Return on equity (TTM) 140% · Top 25%
Return on assets -5% · Bottom 25%
Net margin (TTM) -12% · Bottom 25%
Operating margin (TTM) -9% · Bottom 25%
Revenue growth 6% · Below 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 29 · sector 38
PAST 100 · sector 22
HEALTH 100 · sector 97
DIVIDEND 0 · sector 28

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

Stock Price Fair Value vs Fair Value
Intellian Technologies, Inc 189300 60,200 KRW 14,983 KRW -75%
SOLiD, Inc 050890 8,870 KRW 9,956 KRW +12%
ANS ANS 17.00 PHP 65.65 PHP +286%
Innowireless Co 073490 26,650 KRW 14,939 KRW -44%
Ubiquoss Holdings 078070 8,160 KRW 16,320 KRW +100%
Ace Technologies corp. 088800 1,655 KRW 1,562 KRW -6%
Telefield Inc 091440 2,915 KRW 796.09 KRW -73%
Kaonmedia Co 078890 3,600 KRW 7,816 KRW +117%
Wave Electronics Co 095270 3,625 KRW 1,966 KRW -46%
Nable Communications, Inc 153460 5,940 KRW 5,093 KRW -14%

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Frequently asked questions

Is CS Corporation (065770) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 760.08 KRW versus a price of 1,709 KRW, about −56% (overvalued).
What is the fair value of 065770?
Our model-based fair value for CS Corporation is 760.08 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 1,709 KRW.
What is the quality score of 065770?
CS Corporation has a Quality Score of 61/100. 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 CS Corporation (065770)?
CS Corporation reported trailing-twelve-month revenue of about 32.3B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 065770?
The net profit margin of CS Corporation is about -11.6%, meaning it is currently running at a net loss. 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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