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Avaco Co (083930) Fair Value & Analysis

Technology · KR · Market cap 141B KRW

AC Avaco Co 083930 · KQ
Price10,940 KRW
Fair Value17,172 KRW
Upside+57.0%
Quality62/100
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Expensive Growth
Thin margins · 6.6% net margin
generates free cash flow
3.89% dividend yield
Mixed vs. peers (4/8)
Narrow moat 32/100
Evidence: High Range 9,753 KRW – 27,031 KRW Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 26,150 KRW to 17,172 KRW (−34.3%) since Jun 25, 2026. Share price +1.5% over the past month.

A solid business, screening 57% undervalued on our models.

What matters now

  • The model range is unusually wide (9,753 KRW to 27,031 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (62/100) 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)

21,319 KRW 8,834 KRW Fair Value 17,172 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 8,834 KRW – 21,319 KRW · fair‑value band 9,753 KRW – 27,031 KRW · the 10,940 KRW price screens below the 17,172 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

Avaco Co (083930) currently trades at 10,940 KRW, while our model-based Fair Value estimate is 17,172 KRW, implying the stock looks roughly 57.0% undervalued today. The Quality Score stands at 62/100 (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, Avaco Co generated revenue of 182B KRW at a net margin of 6.6%. Revenue grew 32.2% year over year. Net debt stands at 6.8B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 9,753 KRW (bear case) to 27,031 KRW (bull case); at 10,940 KRW, the current price sits within 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 37% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -68% fair-value upside, at 57%, 083930 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 14,768 KRW 18,049 KRW 39,664 KRW 76
Growth DCF 5,069 KRW 6,768 KRW 9,165 KRW 72
Growth-Adj P/E 24,360 KRW 34,800 KRW 45,240 KRW 68
All 24 models by family
DCF Models
FCF DCF 4,992 KRW 6,882 KRW 9,704 KRW 38
Owner Earnings 17,023 KRW 25,159 KRW 37,304 KRW 31
5Y Revenue Exit 16,202 KRW 27,740 KRW 42,595 KRW 39
5Y EBITDA Exit 17,162 KRW 29,508 KRW 43,889 KRW 41
5Y P/E Exit 19,908 KRW 34,562 KRW 49,834 KRW 38
10Y Revenue Exit 11,397 KRW 20,963 KRW 33,946 KRW 36
10Y EBITDA Exit 12,666 KRW 22,180 KRW 34,919 KRW 37
10Y P/E Exit 14,406 KRW 25,658 KRW 39,389 KRW 35
Earnings-Based
Graham-Dodd 13,674 KRW 39,127 KRW 51,583 KRW 54
Lynch FV 8,023 KRW 11,462 KRW 14,901 KRW 50
PEG = 1.0 8,023 KRW 11,462 KRW 14,901 KRW 46
EPV 22,177 KRW 25,648 KRW 28,685 KRW 59
Multiples
P/E Multiple 30,163 KRW 40,217 KRW 50,272 KRW 63
P/S Multiple 25,639 KRW 34,185 KRW 42,731 KRW 58
P/B Multiple 25,639 KRW 34,185 KRW 42,731 KRW 55
EV/EBIT 34,152 KRW 45,086 KRW 56,020 KRW 53
EV/EBITDA 26,718 KRW 35,174 KRW 43,630 KRW 54
EV/Revenue 23,462 KRW 32,938 KRW 42,414 KRW 43
Asset-Based
NCAV (Graham) 7,785 KRW 10,432 KRW 15,571 KRW 50
Growth DCF
Growth DCF 5,069 KRW 6,768 KRW 9,165 KRW 72
Rev-Margin DCF 16,202 KRW 27,471 KRW 39,986 KRW 67
Economic Profit
Residual Income 14,768 KRW 18,049 KRW 39,664 KRW 76
ROIC Compounder 23,302 KRW 29,010 KRW 35,756 KRW 67
Growth Earnings
Growth-Adj P/E 24,360 KRW 34,800 KRW 45,240 KRW 68

Widest divergence: Growth Earnings (34,800 KRW) versus Growth DCF (6,768 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 182B KRW
Revenue growth (YoY) +32.2%
Net margin 6.6%
Return on equity 1,066%
Free cash flow 4.7B KRW FY2025
Operating margin 3.9%
More key figures
Dividend yield 3.9%
EPS growth (YoY) +297%
Net debt 6.8B KRW FY2024

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 61 · Market factors (momentum, volatility) 23

Profitability 56
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 85
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

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. It also provides contract manufacturing services.

Full company description

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. It also provides contract manufacturing services. The company was founded in 2000 and is headquartered in Daegu, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Avaco Co 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.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
393B KRW
Latest YoY
+28.6%
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.
+21.8%
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.
+14.4%
Avg. growth/yr (14Y) 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.
+3.3%
Revenue +21.6%/yr
FY21 180B KRW
FY22 217B KRW
FY23 187B KRW
FY24 306B KRW
FY25 393B KRW
Net income +23.0%/yr
FY21 12.5B KRW
FY22 18.1B KRW
FY23 4.3B KRW
FY24 26.4B KRW
FY25 28.7B KRW

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Cite: Fair Value Calculator (2026). "Avaco Co Fair Value". https://www.fairvalue-calculator.com/stock/083930

Peer Group

Semiconductors & Semiconductor Equipment · 46 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.

Quality Score 62 · Above median
Fair Value upside +57% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 7% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 32% · Above median
Dividend yield (TTM) 3.9% · Top 25%

Valuation Multiples vs Semiconductors & Semiconductor Equipment median · lower = cheaper

P/FCF 0.0× · Pricier 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 100 · sector 94
PAST 0 · sector 100
HEALTH 0 · sector 99
DIVIDEND 78 · sector 20

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 Semiconductors & Semiconductor Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
TES Co 095610 194,300 KRW 48,953 KRW -75%
Eugene Technology Co 084370 146,800 KRW 38,128 KRW -74%
TSE Co 131290 282,500 KRW 69,101 KRW -76%
ISC Co 095340 151,200 KRW 46,504 KRW -69%
PSK HOLDINGS Inc 031980 136,200 KRW 69,242 KRW -49%
Jeju Semiconductor Corp 080220 81,900 KRW 23,473 KRW -71%
Tokai Carbon Korea Co 064760 232,000 KRW 112,596 KRW -51%
HANA Micron Inc 067310 35,750 KRW 11,501 KRW -68%
RFHIC Corporation 218410 46,250 KRW 20,781 KRW -55%
S&S Tech Corporation 101490 39,600 KRW 46,799 KRW +18%

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Frequently asked questions

Is Avaco Co (083930) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 17,172 KRW versus a price of 10,940 KRW, about +57% (undervalued).
What is the fair value of 083930?
Our model-based fair value for Avaco Co is 17,172 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 10,940 KRW.
What is the quality score of 083930?
Avaco Co 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 revenue of Avaco Co (083930)?
Avaco Co reported trailing-twelve-month revenue of about 182B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 083930?
The net profit margin of Avaco Co is about 6.6%, meaning it keeps roughly 6.6% of revenue as net income. Based on the latest reported figures.
Does Avaco Co pay a dividend?
Avaco Co currently shows a dividend yield of about 3.89% 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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