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Wonik QnC Corporation (074600) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Wonik QnC Corporation KRW 27,492, price KRW 29,450, upside -6.7%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · KR · ISIN KR7074600008

WQ Thin data Sep 23, 2026

Wonik QnC Corporation

074600 · KQ

Low PriorityFair Value upside is limited and quality is weak.

·Fair value 27,492 KRW · Fairly valued (−7%)
!Quality 46/100
!Expensive Growth (revenue 5y +12.4 %/yr)
!Thin margins · 2.4% net margin (TTM)
!Moderate debt · negative free cash flow
·0.44% dividend yield
!Trails peers (2/10)
!Narrow moat 37/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 25 out of 100
!Weak on dividend: 9 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

42,150 KRW 15,322 KRW Fair Value 27,492 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range 15,322 KRW – 42,150 KRW · fair‑value band 16,825 KRW – 35,739 KRW · the 29,450 KRW price screens above the 27,492 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Wonik QnC Corporation manufactures and sells quartz and ceramic wares used in the production of semiconductor wafers in Korea, Taiwan, the United States, Germany, and China. It operates through Quartz Ware, Ceramic, Optic, and Cleaning and Coating divisions.

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Wonik QnC Corporation manufactures and sells quartz and ceramic wares used in the production of semiconductor wafers in Korea, Taiwan, the United States, Germany, and China. It operates through Quartz Ware, Ceramic, Optic, and Cleaning and Coating divisions. The company's Quartz division offers process, reactor, outer, inner, and liner tubes; vertical, horizontal, ring, and finger boats; fin pedestals, cap pedestals, and cap base; chamber, dome, and shower head; shield ring, focus ring, shadow ring, wap ring, and twist lock; and bath, robot chuck, and guide. Its Ceramic division manufactures various materials, such as Al2O3, Y2O3, YAG, SiC, AlN, Si3N4, ZrO2, BN; Electrostatic Chuck, Heater, Wafer Table; as well as integrated precision ceramic part solutions for semiconductor, OLED, and automotive industries. The company's Optic division produces excimer lamps, excimer lamp irradiator, dental implant surface treatment device, 222nm sterilization lamps, CS heater, and applicators. Its Cleaning and coating division provides precision cleaning and coating of semiconductor parts. The company was formerly known as Wonik Quartz International Inc and changed its name to Wonik QnC Corporation in 2012. Wonik QnC Corporation was founded in 1983 and is headquartered in Gumi-si, South Korea.

Stock analysis

Wonik QnC Corporation (074600) currently trades at 29,450 KRW, while our model-based Fair Value estimate is 27,492 KRW, implying the stock looks roughly 7.1% fairly valued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 22,517 KRW per share, and 3 of the 15 models we run sit above the 29,450 KRW price.

Bear case: the Asset-Based group reads lowest at 12,411 KRW, and 12 of the 15 models stay below the price. Evidence for this calculation is low.

Scenario range: 16,825 KRW (bear) to 35,739 KRW (bull), the price of 29,450 KRW sits inside 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 46/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Wonik QnC Corporation reported revenue of 944B KRW in FY2025 versus 624B KRW in FY2021, a compound +10.9%/yr. Reported net income was 22.5B KRW in FY2025, compounding −21.3%/yr from FY2021.

Key figures

Market cap 774B KRW (≈ $542M) · P/S ratio 0.79 · Dividend yield 0.4% · Net margin 2.4% · Return on assets (EBIT) 7.0% · Operating margin 8.5% · Revenue (TTM) 969B KRW · Revenue growth (YoY) +10.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).

What moves the price

The share trades about 30% below its 52-week high and 59% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −34% fair-value upside, at −7%, 074600 screens cheaper than that median.

Fair Value models

Bear 16,825 KRW Fair Value 27,492 KRW Bull 35,739 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.
Highest evidence
Residual Income 14,219 KRW 14,281 KRW 13,552 KRW 76
Owner Earnings n/a 17,952 KRW 54,373 KRW 73
EPV n/a n/a 1,973 KRW 68
All 17 models by family
DCF Models
Owner Earnings n/a 17,952 KRW 54,373 KRW 73
Earnings-Based
Graham-Dodd 5,820 KRW 32,301 KRW 44,839 KRW 63
Lynch FV 9,016 KRW 12,880 KRW 16,744 KRW 61
PEG = 1.0 9,016 KRW 12,880 KRW 16,744 KRW 57
EPV n/a n/a 1,973 KRW 68
Dividend Discount
Gordon GGM 961.90 KRW 2,100 KRW 3,533 KRW 65
DDM Multi-Stage 961.90 KRW 1,720 KRW 2,189 KRW 66
Multiples
P/E Multiple 17,972 KRW 23,963 KRW 29,954 KRW 63
P/S Multiple 10,912 KRW 14,549 KRW 18,186 KRW 58
P/B Multiple 10,912 KRW 14,549 KRW 18,186 KRW 55
EV/EBIT 22,286 KRW 35,892 KRW 49,497 KRW 64
EV/EBITDA 51,135 KRW 74,356 KRW 97,578 KRW 67
EV/Revenue 2,105 KRW 10,949 KRW 19,792 KRW 48
Asset-Based
NCAV (Graham) 9,262 KRW 12,411 KRW 18,524 KRW 54
Economic Profit
Residual Income 14,219 KRW 14,281 KRW 13,552 KRW 76
ROIC Compounder n/a n/a 1,973 KRW 68
Growth Earnings
Growth-Adj P/E 15,762 KRW 22,517 KRW 29,272 KRW 67

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Quality Score breakdown

Overall quality 46/100

Of which business quality 45 · Market factors (momentum, volatility) 49

Profitability 29
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 25
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.8%
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.
+6.4%
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.
+12.4%
Start year 2020 (pandemic). Over 10 years: +21.0% 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.
+15.9%
What shareholders gained per year (last 5 years), in KRW 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. Basis: EBIT basis. 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.
+8.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.7%
Dividend (yield on the price)0.4%
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.−3% vs −6%, 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.8% → 6%
Start year 2020 (pandemic)

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Peer GroupHow 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 · 216 stocks

Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 46 · Below median
Fair Value upside −7% · Above median
Profitability
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 9% · Below median
Growth and dividend
Revenue growth 11% · Below median
Dividend yield (TTM) 0.4% · Below median
Balance sheet
Debt / equity 1.13× · Highest 25%

Valuation Multiplesvs Semiconductor Equipment & Materials median · lower = cheaper

EV/EBITDA 3.5× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)25 · sector 0
FUTURE (revenue growth)54 · sector 63
PAST (return on equity)0 · sector 30
HEALTH (low debt)44 · sector 96
DIVIDEND (yield)9 · sector 15

Context: sector, industry, market

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

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Applied Materials, Inc AMAT $472.46 $370.20 −22%
Lam Research Corporation LRCX $310.96 $205.76 −34%
KLA Corporation KLAC $188.32 $149.08 −21%
Teradyne, Inc TER $398.69 $66.11 −83%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.06 ¥128.06 −63%
Piotech Inc 688072 ¥722.46 ¥322.24 −55%
SJ Semiconductor Corporation 688820 ¥134.86 ¥13.84 −90%
Hon. Precision, Inc 7769 5,975 TWD 5,071 TWD −15%
Qnity Electronics, Inc Q $124.86 $70.44 −44%

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Cite: Fair Value Calculator (2026). "Wonik QnC Corporation Fair Value". https://www.fairvalue-calculator.com/stock/074600

Frequently asked questions

Is Wonik QnC Corporation (074600) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 27,492 KRW versus a price of 29,450 KRW, about −7% upside (fairly valued).
What is the fair value of 074600?
Our model-based fair value for Wonik QnC Corporation is 27,492 KRW (as of Sep 23, 2026), built from audited fundamentals. The current price: 29,450 KRW.
What is the quality score of 074600?
Wonik QnC Corporation has a Quality Score of 46/100. 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 Wonik QnC Corporation (074600)?
Our model-based price target is the fair value of 27,492 KRW (as of Sep 23, 2026) from 17 valuation models. Cautious scenario 16,825 KRW, optimistic scenario 35,739 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Wonik QnC Corporation stock forecast for 2026?
Our models put fair value at 27,492 KRW, about −7% upside versus a price of 29,450 KRW (fairly valued). Cautious scenario 16,825 KRW, optimistic scenario 35,739 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Wonik QnC Corporation (074600)?
Wonik QnC Corporation reported trailing-twelve-month revenue of about 969B KRW (latest available figure, as of Sep 23, 2026).
Does Wonik QnC Corporation pay a dividend?
Wonik QnC Corporation currently shows a dividend yield of about 0.44% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Wonik QnC Corporation (074600)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wonik QnC Corporation it is 27,492 KRW per share (as of Sep 23, 2026), against a price of 29,450 KRW. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Wonik QnC Corporation stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 074600 trades above its calculated fair value: price 29,450 KRW, fair value 27,492 KRW, a gap of about −7% (fairly valued). 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 074600?
No. The price is what the market pays today (29,450 KRW); the fair value is what the company's own numbers justify (27,492 KRW). For Wonik QnC Corporation the two are 1,958 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Wonik QnC Corporation worth?
The market values Wonik QnC Corporation at about 774B KRW (market capitalisation, as of Sep 23, 2026). Per share that is 29,450 KRW; our models calculate a fair value of 27,492 KRW per share.
What do the bullish and bearish scenarios say about 074600?
Our models span a range for Wonik QnC Corporation: cautious scenario 16,825 KRW, base 27,492 KRW, optimistic 35,739 KRW per share (as of Sep 23, 2026, price 29,450 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Wonik QnC Corporation (074600)?
Balance-sheet figures for Wonik QnC Corporation (as of Sep 23, 2026): debt of 1.13 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 074600 from its 52-week high?
Wonik QnC Corporation trades at 29,450 KRW, about 30% below its 52-week high of 42,150 KRW and 59% above the low of 18,502 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 27,492 KRW is for.
Which stocks are comparable to Wonik QnC Corporation?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, 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 Wonik QnC Corporation stock attractive at the current price?
The data as of Sep 23, 2026: price 29,450 KRW, calculated fair value 27,492 KRW (−7%), Quality Score 46/100, from 17 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 074600 calculated?
We run Wonik QnC Corporation through 17 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 27,492 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 14.1 % above its aggregate fair value. Wonik QnC Corporation itself currently trades above fair value. 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 Wonik QnC Corporation (074600)?
The closing price on Sep 23, 2026 was 29,450 KRW. Our model-based fair value is 27,492 KRW, about −7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wonik QnC Corporation right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (16,825 KRW to 35,739 KRW) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Wonik QnC Corporation

How large is the market capitalisation of Wonik QnC Corporation (074600)?
The market capitalisation of Wonik QnC Corporation is 774B KRW (≈ $542M). 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 Wonik QnC Corporation (074600)?
The price-to-sales ratio of Wonik QnC Corporation is 0.79 (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 Wonik QnC Corporation (074600)?
The dividend yield of Wonik QnC Corporation is 0.4%. 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 Wonik QnC Corporation (074600)?
The net margin of Wonik QnC Corporation is 2.4% (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 EBIT return on assets of Wonik QnC Corporation (074600)?
On an EBIT basis the return on assets of Wonik QnC Corporation is 7.0% (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 Wonik QnC Corporation (074600)?
The operating margin of Wonik QnC Corporation is 8.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wonik QnC Corporation (074600)?
Revenue at Wonik QnC Corporation is growing +10.7% versus a year earlier (3y avg +6.4%). 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 Wonik QnC Corporation (074600)?
Earnings per share at Wonik QnC Corporation are growing +5.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Wonik QnC Corporation (074600) generate?
The free cash flow of Wonik QnC Corporation is −4.9B 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 Wonik QnC Corporation (074600) carry?
The net debt of Wonik QnC Corporation is 711B 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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