Avaco Co. Ltd (083930) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Avaco Co. Ltd stock KRW 15,561, price KRW 10,030, upside +55.1%, quality 62 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 8,834 KRW – 21,319 KRW · fair‑value band 9,206 KRW – 23,724 KRW · the 10,030 KRW price screens below the 15,561 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Avaco Co., Ltd. develops, manufactures, and sells equipment for flat panel display, semiconductor, solar, and thin film industries in South Korea. The company offers sputtering, OLED, and module systems; and solar, AMHS, and AS/RS products, as well as 3D printers and converting machines.
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It also provides contract manufacturing services. The company was founded in 2000 and is headquartered in Daegu, South Korea.
Stock analysis
Avaco Co. Ltd (083930) currently trades at 10,030 KRW, while our model-based Fair Value estimate is 15,561 KRW, implying the stock looks roughly 36% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 47,345 KRW per share, and 20 of the 26 models we run sit above the 10,030 KRW price.
Bear case: the Asset-Based group reads lowest at 3,900 KRW, and 6 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 9,206 KRW (bear) to 23,724 KRW (bull), the price of 10,030 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 62/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Avaco Co. Ltd reported revenue of 393B KRW in FY2025 versus 180B KRW in FY2021, a compound +21.6%/yr. Reported net income was 28.7B KRW in FY2025, compounding +23.0%/yr from FY2021.
Key figures
Market cap 136B KRW (≈ $101M) Micro · P/S ratio 0.91 · Dividend yield 3.9% · Net margin 6.6% · Return on equity 1,066% · Return on assets (EBIT) 5.2% (5-year average) · Operating margin 3.9% · Revenue (TTM) 182B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 4% fair-value upside, at 55%, 083930 screens cheaper than that median.
Fair Value models
Bear9,206 KRWFair Value 15,561 KRWBull23,724 KRW
Price 10,030 KRW · Upside +55.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF4,131 KRW5,098 KRW6,261 KRW80
Growth DCF4,141 KRW4,986 KRW5,946 KRW77
Residual Income13,279 KRW14,727 KRW17,765 KRW76
All 26 models by family
DCF Models
FCF DCF4,131 KRW5,098 KRW6,261 KRW80
Owner Earnings4,055 KRW4,997 KRW6,128 KRW75
5Y Revenue Exit14,020 KRW23,697 KRW36,129 KRW69
5Y EBITDA Exit19,531 KRW33,816 KRW50,435 KRW71
5Y P/E Exit22,955 KRW40,102 KRW57,943 KRW67
10Y Revenue Exit8,901 KRW15,666 KRW24,798 KRW63
10Y EBITDA Exit12,307 KRW21,514 KRW33,816 KRW64
10Y P/E Exit14,133 KRW25,148 KRW38,549 KRW60
Earnings-Based
Graham-Dodd13,674 KRW39,127 KRW51,583 KRW65
Lynch FV8,023 KRW11,462 KRW14,901 KRW61
PEG = 1.08,023 KRW11,462 KRW14,901 KRW57
EPV16,564 KRW18,337 KRW19,767 KRW70
Dividend Discount
Gordon GGM3,403 KRW5,614 KRW7,204 KRW68
DDM Multi-Stage3,403 KRW4,907 KRW6,047 KRW67
Multiples
P/E Multiple42,228 KRW56,304 KRW70,380 KRW63
P/S Multiple25,639 KRW34,185 KRW42,731 KRW58
P/B Multiple11,211 KRW14,948 KRW18,685 KRW55
EV/EBIT43,261 KRW57,840 KRW72,418 KRW63
EV/EBITDA34,650 KRW46,359 KRW58,067 KRW64
EV/Revenue21,637 KRW31,113 KRW40,589 KRW51
Asset-Based
NCAV (Graham)2,574 KRW3,900 KRW4,876 KRW52
Growth DCF
Growth DCF4,141 KRW4,986 KRW5,946 KRW77
Rev-Margin DCF14,020 KRW23,478 KRW33,965 KRW69
Economic Profit
Residual Income13,279 KRW14,727 KRW17,765 KRW76
ROIC Compounder16,720 KRW19,163 KRW21,737 KRW70
Growth Earnings
Growth-Adj P/E33,141 KRW47,345 KRW61,548 KRW67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+28.6%
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.
+21.8%
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.
+14.4%
Start year 2020 (pandemic). Over 10 years: +11.1% a year
Revenue growth 14 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.
+3.3%
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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.
+17.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.6%
Dividend (yield on the price)3.9%
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.13.4% vs 7.8%, 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.12% → 9%
2025 sits 52% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+19.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +17.0% a year for the 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.Semiconductors & Semiconductor Equipment · 48 stocks
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Is Avaco Co. Ltd (083930) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 15,561 KRW versus a price of 10,030 KRW, about +55% upside (undervalued).
What is the fair value of 083930?
Our model-based fair value for Avaco Co. Ltd is 15,561 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 10,030 KRW.
What is the quality score of 083930?
Avaco Co. Ltd has a Quality Score of 62/100. 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 Avaco Co. Ltd (083930)?
Our model-based price target is the fair value of 15,561 KRW (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 9,206 KRW, optimistic scenario 23,724 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Avaco Co. Ltd stock forecast for 2026?
Our models put fair value at 15,561 KRW, about +55% upside versus a price of 10,030 KRW (undervalued). Cautious scenario 9,206 KRW, optimistic scenario 23,724 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Avaco Co. Ltd (083930)?
Avaco Co. Ltd reported trailing-twelve-month revenue of about 182B KRW (latest available figure, as of Nov 8, 2026).
Does Avaco Co. Ltd pay a dividend?
Avaco Co. Ltd currently shows a dividend yield of 3.89% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Avaco Co. Ltd (083930)?
Avaco Co. Ltd has a dividend yield of 3.9%. A dividend has been paid every year since 2018. Our assessment: Safety not assessed. Payout ratio and cash coverage are not available, so we do not judge how safe this dividend is.
What growth is priced into Avaco Co. Ltd (083930)?
For today's price to be fair in a discounted-cash-flow model, Avaco Co. Ltd would have to grow free cash flow by +19.5 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 083930 use?
Our models discount Avaco Co. Ltd at 12.9 %: a base by market capitalisation (micro), damped by beta 0.92, 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 Avaco Co. Ltd that is +19.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has Avaco Co. Ltd (083930) delivered so far?
Over the past 5 years revenue at Avaco Co. Ltd grew +14.4 % a year. The price currently implies free-cash-flow growth of +19.5 % per 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 Avaco Co. Ltd (083930) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Avaco Co. Ltd (+19.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Avaco Co. Ltd (083930)?
The free-cash-flow yield on the price is 3.35 %: that much free cash flow Avaco Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Avaco Co. Ltd (083930)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Avaco Co. Ltd it is 15,561 KRW per share (as of Nov 8, 2026), against a price of 10,030 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Avaco Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 083930 trades below its calculated fair value: price 10,030 KRW, fair value 15,561 KRW, a gap of about +55% (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 083930?
No. The price is what the market pays today (10,030 KRW); the fair value is what the company's own numbers justify (15,561 KRW). For Avaco Co. Ltd the two are 5,531 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Avaco Co. Ltd worth?
The market values Avaco Co. Ltd at about 136B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 10,030 KRW; our models calculate a fair value of 15,561 KRW per share.
What do the bullish and bearish scenarios say about 083930?
Our models span a range for Avaco Co. Ltd: cautious scenario 9,206 KRW, base 15,561 KRW, optimistic 23,724 KRW per share (as of Nov 8, 2026, price 10,030 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 083930 from its 52-week high?
Avaco Co. Ltd trades at 10,030 KRW, about 40% below its 52-week high of 16,750 KRW and 5% above the low of 9,580 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 15,561 KRW is for.
Which stocks are comparable to Avaco Co. Ltd?
From the same area (Technology) we also value JUSUNG ENGINEERING Co, PSK HOLDINGS Inc, ISC Co, TSE 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 Avaco Co. Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 10,030 KRW, calculated fair value 15,561 KRW (+55%), Quality Score 62/100, from 26 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 083930 calculated?
We run Avaco Co. Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 15,561 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Avaco Co. Ltd currently trades 36% 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 Avaco Co. Ltd (083930)?
The closing price on Nov 6, 2026 was 10,030 KRW. Our model-based fair value is 15,561 KRW, about +55% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Avaco Co. Ltd right now?
Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (9,206 KRW to 23,724 KRW) leaves room in how you read the outcome.
Key figures of Avaco Co. Ltd
How large is the market capitalisation of Avaco Co. Ltd (083930)?
The market capitalisation of Avaco Co. Ltd is 136B KRW (≈ $101M). 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 Avaco Co. Ltd (083930)?
The price-to-sales ratio of Avaco Co. Ltd is 0.91 (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 Avaco Co. Ltd (083930)?
The dividend yield of Avaco Co. Ltd is 3.9%. 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 Avaco Co. Ltd (083930)?
The net margin of Avaco Co. Ltd is 6.6% (last twelve months). 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 Avaco Co. Ltd (083930)?
The return on equity (ROE) of Avaco Co. Ltd is 1,066% (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 Avaco Co. Ltd (083930)?
On an EBIT basis the return on assets of Avaco Co. Ltd is 5.2% (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 Avaco Co. Ltd (083930)?
The operating margin of Avaco Co. Ltd is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Avaco Co. Ltd (083930)?
Revenue at Avaco Co. Ltd is growing +32.2% versus a year earlier (3y avg +21.8%). 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 Avaco Co. Ltd (083930)?
Earnings per share at Avaco Co. Ltd are growing +297% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Avaco Co. Ltd (083930) carry?
The net debt of Avaco Co. Ltd is 6.8B KRW (fiscal year 2024, ≈ 1.4 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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Some data
Nov 8, 2026