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Kaonmedia Co (078890) Fair Value & Analysis

Technology · KR · Market cap 69.8B KRW

KC Kaonmedia Co 078890 · KQ
Price4,630 KRW
Fair Value7,816 KRW
Upside+68.8%
Quality54/100
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Weak Growth
Thin margins · 2.3% net margin
Low debt · negative free cash flow
1.00% dividend yield
Trails peers (1/8)
Narrow moat 33/100
Evidence: High Range 5,862 KRW – 10,211 KRW Share as image

Fair value as of: Jul 20, 2026

From 17 valuation models · updated 21 days ago

Share price +1.0% over the past month.

A solid business, screening 69% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (5,862 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

17,547 KRW 2,567 KRW Fair Value 7,816 KRW Mar 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 2,567 KRW – 17,547 KRW · fair‑value band 5,862 KRW – 10,211 KRW · the 4,630 KRW price screens below the 7,816 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

Kaonmedia Co (078890) currently trades at 4,630 KRW, while our model-based Fair Value estimate is 7,816 KRW, implying the stock looks roughly 68.8% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Technology 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, Kaonmedia Co generated revenue of 581B KRW at a net margin of 2.3%. Revenue declined 3.2% year over year. Net debt stands at 134B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 5,862 KRW (bear case) to 10,211 KRW (bull case); at 4,630 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 58% below its 52-week high and 54% 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 69%, 078890 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
Residual Income 6,824 KRW 6,875 KRW 6,596 KRW 76
ROIC Compounder 4,851 KRW 5,538 KRW 6,138 KRW 72
Gordon GGM 301.50 KRW 626.89 KRW 994.49 KRW 70
All 17 models by family
DCF Models
Owner Earnings 3,091 KRW 4,414 KRW 6,438 KRW 31
Earnings-Based
Graham-Dodd 3,126 KRW 9,809 KRW 13,055 KRW 54
Lynch FV 2,143 KRW 3,062 KRW 3,980 KRW 50
PEG = 1.0 2,143 KRW 3,062 KRW 3,980 KRW 46
EPV 4,851 KRW 5,538 KRW 6,138 KRW 59
Dividend Discount
Gordon GGM 301.50 KRW 626.89 KRW 994.49 KRW 70
DDM Multi-Stage 301.50 KRW 500.37 KRW 657.94 KRW 61
Multiples
P/E Multiple 6,896 KRW 9,195 KRW 11,493 KRW 63
P/S Multiple 5,862 KRW 7,816 KRW 9,769 KRW 58
P/B Multiple 5,862 KRW 7,816 KRW 9,769 KRW 55
EV/EBIT 12,410 KRW 16,302 KRW 20,194 KRW 53
EV/EBITDA 14,207 KRW 18,699 KRW 23,191 KRW 54
EV/Revenue 8,604 KRW 11,977 KRW 15,351 KRW 43
Asset-Based
NCAV (Graham) 4,453 KRW 5,967 KRW 8,907 KRW 50
Economic Profit
Residual Income 6,824 KRW 6,875 KRW 6,596 KRW 76
ROIC Compounder 4,851 KRW 5,538 KRW 6,138 KRW 72
Growth Earnings
Growth-Adj P/E 5,749 KRW 8,212 KRW 10,676 KRW 68

Widest divergence: Multiples (9,195 KRW) versus Dividend Discount (500.37 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 581B KRW
Revenue growth (YoY) -3.2%
Net margin 2.3%
Return on equity -3,155%
Free cash flow −9.0B KRW FY2025
Operating margin 2.5%
More key figures
Dividend yield 1.0%
EPS growth (YoY) +212%
Net debt 134B KRW FY2025

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 49 · Market factors (momentum, volatility) 36

Profitability 44
Margins and returns on capital today
Quality Growth 84
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 28
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 69
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

Kaonmedia Co, Ltd. develops, manufactures, and sells digital connectivity devices for Pay-TV and broadband operators worldwide. It offers cable, IPTV, satellite, and terrestrial set-top boxes; media server and client products; Android TV; and AI set-top boxes.

Full company description

Kaonmedia Co, Ltd. develops, manufactures, and sells digital connectivity devices for Pay-TV and broadband operators worldwide. It offers cable, IPTV, satellite, and terrestrial set-top boxes; media server and client products; Android TV; and AI set-top boxes. The company also provides AP routers, fiber and xDSL gateways, enterprise access points, VDSL, and Internet of Things products. Kaonmedia Co, Ltd. was founded in 2001 and is headquartered in Seongnam, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kaonmedia Co reported revenue of 518B KRW in FY2025 versus 533B KRW in FY2021, a compound −0.7%/yr. Reported net income was 6.7B KRW in FY2025, compounding −25.3%/yr from FY2021.

Growth Quality 28/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
518B KRW
Latest YoY
+5.8%
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.
−5.4%
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.
+1.4%
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.
+6.9%
Revenue −0.7%/yr
FY21 533B KRW
FY22 611B KRW
FY23 536B KRW
FY24 489B KRW
FY25 518B KRW
Net income −25.3%/yr
FY21 21.4B KRW
FY22 10.9B KRW
FY23 −17.4B KRW
FY24 −54.1B KRW
FY25 6.7B KRW

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Cite: Fair Value Calculator (2026). "Kaonmedia Co Fair Value". https://www.fairvalue-calculator.com/stock/078890

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 54 · Below median
Fair Value upside +69% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -3% · Below median
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.22× · Higher than 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 100 · sector 0
FUTURE 0 · sector 38
PAST 0 · sector 22
HEALTH 89 · sector 97
DIVIDEND 20 · sector 28

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%
Wave Electronics Co 095270 3,625 KRW 1,966 KRW -46%
Nable Communications, Inc 153460 5,940 KRW 5,093 KRW -14%
BG T&A Co 046310 2,245 KRW 6,038 KRW +169%

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Frequently asked questions

Is Kaonmedia Co (078890) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 7,816 KRW versus a price of 4,630 KRW, about +69% (undervalued).
What is the fair value of 078890?
Our model-based fair value for Kaonmedia Co is 7,816 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 4,630 KRW.
What is the quality score of 078890?
Kaonmedia Co has a Quality Score of 54/100. 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 Kaonmedia Co (078890)?
Kaonmedia Co reported trailing-twelve-month revenue of about 581B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 078890?
The net profit margin of Kaonmedia Co is about 2.3%, meaning it keeps roughly 2.3% of revenue as net income. Based on the latest reported figures.
Does Kaonmedia Co pay a dividend?
Kaonmedia Co currently shows a dividend yield of about 1.00% relative to its recent price (as of Jul 20, 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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