ESTec Corporation (069510) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of ESTec Corporation KRW 20,846, price KRW 13,100, upside +59.1%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 5,029 KRW – 18,043 KRW · fair‑value band 14,472 KRW – 28,697 KRW · the 13,100 KRW price screens below the 20,846 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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ESTec Corporation manufactures and sells automotive speakers in South Korea and internationally. It also offers TV/display and audio speakers, and earphones and headphones for automobiles, TVs, and home audio systems. The company was founded in 1971 and is headquartered in Yangsan-si, South Korea.
Stock analysis
ESTec Corporation (069510) currently trades at 13,100 KRW, while our model-based Fair Value estimate is 20,846 KRW, implying the stock looks roughly 37.2% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 96,409 KRW per share, and 24 of the 24 models we run sit above the 13,100 KRW price.
Bear case: the Asset-Based group reads lowest at 18,721 KRW, and 0 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 14,472 KRW (bear) to 28,697 KRW (bull), the price of 13,100 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 60/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
ESTec Corporation reported revenue of 468B KRW in FY2025 versus 331B KRW in FY2021, a compound +9.1%/yr. Reported net income was 41.6B KRW in FY2025.
Key figures
Market cap 110B KRW (≈ $81.0M) · P/S ratio 0.24 · Dividend yield 5.7% · Net margin 8.9% · Return on equity 2,596% · Return on assets (EBIT) 3.7% · Operating margin −8.9% · Revenue (TTM) 441B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 51% fair-value upside, at 59%, 069510 screens cheaper than that median.
Fair Value models
Bear 14,472 KRWFair Value 20,846 KRWBull 28,697 KRW
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.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.71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−8.1%
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.
+0.0%
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.
+8.4%
Start year 2020 (pandemic). Over 10 years: +5.7% a year
Revenue growth 22 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.
+7.7%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+44.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+39.1%
Dividend (yield on the price)5.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.23% vs 11%, picking up
Profit margin 2020 to 2025 ⓘ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.4% → 10%
2025 sits 92% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Price, fair value, quality and upside side by side.
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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.Automobiles & Auto Parts · 17 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside+59% · Above median
Profitability
Return on assets−10% · Bottom 25%
Net margin (TTM)−6% · Bottom 25%
Operating margin (TTM)−9% · Bottom 25%
Growth and dividend
Revenue growth77% · Top 25%
Dividend yield (TTM)5.7% · Top 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Automobiles & Auto Parts median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "ESTec Corporation Fair Value". https://www.fairvalue-calculator.com/stock/069510
Frequently asked questions
Is ESTec Corporation (069510) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 20,846 KRW versus a price of 13,100 KRW, about +59% upside (undervalued).
What is the fair value of 069510?
Our model-based fair value for ESTec Corporation is 20,846 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 13,100 KRW.
What is the quality score of 069510?
ESTec Corporation has a Quality Score of 60/100. 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 ESTec Corporation (069510)?
Our model-based price target is the fair value of 20,846 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 14,472 KRW, optimistic scenario 28,697 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the ESTec Corporation stock forecast for 2026?
Our models put fair value at 20,846 KRW, about +59% upside versus a price of 13,100 KRW (undervalued). Cautious scenario 14,472 KRW, optimistic scenario 28,697 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of ESTec Corporation (069510)?
ESTec Corporation reported trailing-twelve-month revenue of about 441B KRW (latest available figure, as of Sep 24, 2026).
Does ESTec Corporation pay a dividend?
ESTec Corporation currently shows a dividend yield of about 5.70% relative to its recent price (as of Sep 24, 2026).
What growth is priced into ESTec Corporation (069510)?
For today's price to be fair in a discounted-cash-flow model, ESTec Corporation would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 069510 use?
Our models discount ESTec Corporation at 12.7 %: a base by market capitalisation (micro), damped by beta 0.86, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ESTec Corporation that is less than minus 40 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has ESTec Corporation (069510) delivered so far?
Over the past 5 years revenue at ESTec Corporation grew +8.4 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of ESTec Corporation (069510) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into ESTec Corporation (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ESTec Corporation (069510)?
The free-cash-flow yield on the price is 28.17 %: that much free cash flow ESTec Corporation produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ESTec Corporation (069510)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ESTec Corporation it is 20,846 KRW per share (as of Sep 24, 2026), against a price of 13,100 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is ESTec Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 069510 trades below its calculated fair value: price 13,100 KRW, fair value 20,846 KRW, a gap of about +59% (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 069510?
No. The price is what the market pays today (13,100 KRW); the fair value is what the company's own numbers justify (20,846 KRW). For ESTec Corporation the two are 7,746 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is ESTec Corporation worth?
The market values ESTec Corporation at about 110B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 13,100 KRW; our models calculate a fair value of 20,846 KRW per share.
What do the bullish and bearish scenarios say about 069510?
Our models span a range for ESTec Corporation: cautious scenario 14,472 KRW, base 20,846 KRW, optimistic 28,697 KRW per share (as of Sep 24, 2026, price 13,100 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ESTec Corporation (069510)?
Balance-sheet figures for ESTec Corporation (as of Sep 24, 2026): debt of 0.01 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 069510 from its 52-week high?
ESTec Corporation trades at 13,100 KRW, about 20% below its 52-week high of 16,310 KRW and 16% above the low of 11,330 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 20,846 KRW is for.
Which stocks are comparable to ESTec Corporation?
From the same area (Consumer Cyclical) we also value GTPPB, GTCAP, Hwashin Precision Engineering Co, Ilji Technology Co, 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 ESTec Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 13,100 KRW, calculated fair value 20,846 KRW (+59%), Quality Score 60/100, from 24 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 069510 calculated?
We run ESTec Corporation through 24 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 20,846 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 14.0 % above its aggregate fair value. ESTec Corporation currently trades 59 % 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 ESTec Corporation (069510)?
The closing price on Sep 23, 2026 was 13,100 KRW. Our model-based fair value is 20,846 KRW, about +59% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ESTec Corporation right now?
The price is below even our cautious bear case (14,472 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. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (14,472 KRW to 28,697 KRW) leaves room in how you read the outcome.
Key figures of ESTec Corporation
How large is the market capitalisation of ESTec Corporation (069510)?
The market capitalisation of ESTec Corporation is 110B KRW (≈ $81.0M). 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 ESTec Corporation (069510)?
The price-to-sales ratio of ESTec Corporation is 0.24 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of ESTec Corporation (069510)?
The dividend yield of ESTec Corporation is 5.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of ESTec Corporation (069510)?
The net margin of ESTec Corporation is 8.9% (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 ESTec Corporation (069510)?
The return on equity (ROE) of ESTec Corporation is 2,596% (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 ESTec Corporation (069510)?
On an EBIT basis the return on assets of ESTec Corporation is 3.7% (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 ESTec Corporation (069510)?
The operating margin of ESTec Corporation is −8.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ESTec Corporation (069510)?
Revenue at ESTec Corporation is growing +76.6% versus a year earlier (3y avg 0.0%). 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 ESTec Corporation (069510)?
Earnings per share at ESTec Corporation are growing +15.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ESTec Corporation (069510) carry?
The net debt of ESTec Corporation is 19.4B KRW (fiscal year 2021, ≈ 0.6 yrs of FCF). 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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