Telcoware Co (078000) Fair Value & Analysis

Communication Services · KR · Market cap 64.8B KRW

A solid business, screening 45% undervalued on our models.

What matters now

• The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
• The price is below even our cautious bear case (13,925 KRW). The market is more pessimistic than our downside scenario.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 6,607 KRW – 23,000 KRW · fair‑value band 13,925 KRW – 23,208 KRW · the 12,830 KRW price screens below the 18,567 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

Full chart & analysis →

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Analysis

Telcoware Co (078000) currently trades at 12,830 KRW, while our model-based Fair Value estimate is 18,567 KRW, implying the stock looks roughly 44.7% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Telcoware Co generated revenue of 38.8B KRW at a net margin of 32.2%. Revenue grew 7.1% year over year. It earns a return on equity of 11.4%. Fundamentals as of Jul 24, 2026

Our scenario range runs from 13,925 KRW (bear case) to 23,208 KRW (bull case); at 12,830 KRW, the current price sits below 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 53% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at 45%, 078000 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.

Widest divergence: DCF Models (23,461 KRW) versus Dividend Discount (6,432 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Telcoware Co.,Ltd. operates in the application software development and supply industry in South Korea. The company offers IMS solutions, such as call session control, home, interconnection border control, media gateway control, and media resource function, as well as a session border controller, C4- soft switch, RCS IM system, and subscriber and telephony …

Full company description

Telcoware Co.,Ltd. operates in the application software development and supply industry in South Korea. The company offers IMS solutions, such as call session control, home, interconnection border control, media gateway control, and media resource function, as well as a session border controller, C4- soft switch, RCS IM system, and subscriber and telephony application server. It also provides 5G/LTE Core products, including unified data management and repository, network repository function, security edge protection proxy, user plane function, home location registers and subscriber server, gateway location register, 5G equipment identity register, number portability database, and Telcobase, a main memory database management system; and cloud solutions, including NFV management and orchestration, Kubernetes container platform management solution, and cloud-native CSCF system. In addition, the company offers security products comprising AlleyeZ VMS, AlleyeZ VSaaS, and intelligent video analysis; and MLOps, failure prediction and traffic big data system, and digital brand solution. Telcoware Co.,Ltd. was founded in 2000 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Telcoware Co reported revenue of 38.4B KRW in FY2025 versus 34.8B KRW in FY2021, a compound +2.4%/yr. Reported net income was 6.2B KRW in FY2025, compounding +35.9%/yr from FY2021.

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Peer Group

Telecom Services · 250 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.

Valuation Multiples vs Telecom Services median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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

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Frequently asked questions

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.