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THINKWARE Corporation (084730) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of THINKWARE Corporation KRW 11,915, price KRW 6,980, upside +70.7%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Technology · KR · ISIN KR7084730001

TC Thin data Oct 3, 2026

THINKWARE Corporation

084730 · KQ

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

Fair value 11,915 KRW · Strongly undervalued (+70.7%)
Low debt
Quality 45/100
Expensive Growth (revenue 5y +22.1 %/yr in KRW)
Loss-making · -5.6% net margin (TTM)
Negative free cash flow
Trails peers (3/9)
Narrow moat 10/100
Thin data
⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

20,882 KRW 5,830 KRW Fair Value 11,915 KRW May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.

How to read this chart

60‑month range 5,830 KRW – 20,882 KRW · fair‑value band 10,908 KRW – 12,741 KRW · the 6,980 KRW price screens below the 11,915 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.

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Company profile

THINKWARE Corporation provides location-based and connected services in North America, Europe, Asia, Oceania, and internationally. It offers dash cams and black boxes; mobiles and tablets; and ADAS high-precision maps for self-driving vehicle platforms. The company also distributes home appliances, as well as offers after-sales service.

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THINKWARE Corporation provides location-based and connected services in North America, Europe, Asia, Oceania, and internationally. It offers dash cams and black boxes; mobiles and tablets; and ADAS high-precision maps for self-driving vehicle platforms. The company also distributes home appliances, as well as offers after-sales service. In addition, it engages in taxi call solution development and control service supply activities. The company was founded in 1997 and is headquartered in Seongnam-si, South Korea.

Stock analysis

THINKWARE Corporation (084730) currently trades at 6,980 KRW, while our model-based Fair Value estimate is 11,915 KRW, implying the stock looks roughly 41.4% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 26,288 KRW per share, and 6 of the 6 models we run sit above the 6,980 KRW price.

Bear case: the Asset-Based group reads lowest at 11,942 KRW, and 0 of the 6 models stay below the price. Evidence for this calculation is low.

Scenario range: 10,908 KRW (bear) to 12,741 KRW (bull), the price of 6,980 KRW sits below 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 45/100 (below-average quality), in the Technology sector.

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

THINKWARE Corporation reported revenue of 537B KRW in FY2025 versus 225B KRW in FY2021, a compound +24.2%/yr. Reported net income was −25.4B KRW in FY2025.

Key figures

Market cap 83.2B KRW (≈ $62.0M) · P/S ratio 0.15 · Dividend yield 1.5% · Net margin −4.7% · Return on equity −11.7% · Return on assets (EBIT) 4.6% · Operating margin −2.6% · Revenue (TTM) 509B KRW.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 32% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −37% fair-value upside, at 71%, 084730 screens cheaper than that median.

Fair Value models

Bear 10,908 KRW Fair Value 11,915 KRW Bull 12,741 KRW
Price 6,980 KRW · Upside +70.7%
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. 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. 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
EPV 12,394 KRW 13,463 KRW 14,331 KRW 74
ROIC Compounder 12,394 KRW 13,463 KRW 14,331 KRW 72
EV/EBITDA 20,586 KRW 26,288 KRW 31,989 KRW 67
All 6 models by family
Earnings-Based
EPV 12,394 KRW 13,463 KRW 14,331 KRW 74
Multiples
EV/EBIT 23,602 KRW 30,309 KRW 37,016 KRW 66
EV/EBITDA 20,586 KRW 26,288 KRW 31,989 KRW 67
EV/Revenue 17,044 KRW 22,857 KRW 28,670 KRW 54
Asset-Based
NCAV (Graham) 8,912 KRW 11,942 KRW 17,824 KRW 54
Economic Profit
ROIC Compounder 12,394 KRW 13,463 KRW 14,331 KRW 72

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Quality Score breakdown

Overall quality 45/100

Of which business quality 46 · Market factors (momentum, volatility) 41

Profitability 35
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 44
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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.7%
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.
+16.8%
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.
+22.1%
Start year 2020 (pandemic). Over 10 years: +13.5% a year
Revenue growth 12 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.
+9.7%
Profit margin (trend) ⓘ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.
6.2% (2020) → 3.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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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.Scientific & Technical Instruments · 159 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 45 · Bottom 25%
Fair Value upside +70.7% · Top 25%
Profitability
Return on assets −0.6% · Below median
Net margin (TTM) −5.6% · Bottom 25%
Operating margin (TTM) −2.6% · Bottom 25%
Growth and dividend
Revenue growth −3.2% · Below median
Dividend yield (TTM) 1.5% · Above median
Balance sheet
Debt / equity 0.02× · Below median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 0
FUTURE (revenue growth)0 · sector 37
PAST (return on equity)0 · sector 23
HEALTH (low debt)99 · sector 98
DIVIDEND (yield)30 · sector 18

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

Similar stocks

10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $362.15 $116.07 −68%
Coherent Corp COHR $292.21 $98.35 −66%
Garmin Ltd GRMN $294.14 $304.44 +4%
Chroma ATE Inc 2360 2,295 TWD 614.66 TWD −73%
Teledyne Technologies Incorporated TDY $605.59 $666.15 +10%
AVIC Chengdu Aircraft Company 302132 ¥72.18 ¥19.61 −73%
MKS Inc MKSI $260.82 $199.90 −23%
Fortive Corporation FTV $56.09 $35.20 −37%
Trimble Inc TRMB $57.85 $29.24 −49%
Cognex Corporation CGNX $58.75 $38.10 −35%

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THINKWARE Corporation · Fair Value
11,915 KRW +41%Fair Value
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Cite: Fair Value Calculator (2026). "THINKWARE Corporation Fair Value". https://www.fairvalue-calculator.com/stock/084730

Frequently asked questions

Is THINKWARE Corporation (084730) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 11,915 KRW versus a price of 6,980 KRW, about +71% upside (undervalued).
What is the fair value of 084730?
Our model-based fair value for THINKWARE Corporation is 11,915 KRW (as of Oct 3, 2026), built from audited fundamentals. The current price: 6,980 KRW.
What is the quality score of 084730?
THINKWARE Corporation has a Quality Score of 45/100. 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 THINKWARE Corporation (084730)?
Our model-based price target is the fair value of 11,915 KRW (as of Oct 3, 2026) from 6 valuation models. Cautious scenario 10,908 KRW, optimistic scenario 12,741 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the THINKWARE Corporation stock forecast for 2026?
Our models put fair value at 11,915 KRW, about +71% upside versus a price of 6,980 KRW (undervalued). Cautious scenario 10,908 KRW, optimistic scenario 12,741 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of THINKWARE Corporation (084730)?
THINKWARE Corporation reported trailing-twelve-month revenue of about 509B KRW (latest available figure, as of Oct 3, 2026).
Does THINKWARE Corporation pay a dividend?
THINKWARE Corporation currently shows a dividend yield of about 1.48% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of THINKWARE Corporation (084730)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For THINKWARE Corporation it is 11,915 KRW per share (as of Oct 3, 2026), against a price of 6,980 KRW. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is THINKWARE Corporation stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 084730 trades below its calculated fair value: price 6,980 KRW, fair value 11,915 KRW, a gap of about +71% (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 084730?
No. The price is what the market pays today (6,980 KRW); the fair value is what the company's own numbers justify (11,915 KRW). For THINKWARE Corporation the two are 4,935 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is THINKWARE Corporation worth?
The market values THINKWARE Corporation at about 83.2B KRW (market capitalisation, as of Oct 3, 2026). Per share that is 6,980 KRW; our models calculate a fair value of 11,915 KRW per share.
What do the bullish and bearish scenarios say about 084730?
Our models span a range for THINKWARE Corporation: cautious scenario 10,908 KRW, base 11,915 KRW, optimistic 12,741 KRW per share (as of Oct 3, 2026, price 6,980 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of THINKWARE Corporation (084730)?
Balance-sheet figures for THINKWARE Corporation (as of Oct 3, 2026): return on equity −11.7%, debt of 0.02 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 084730 from its 52-week high?
THINKWARE Corporation trades at 6,980 KRW, about 32% below its 52-week high of 10,270 KRW and 20% above the low of 5,830 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 11,915 KRW is for.
Which stocks are comparable to THINKWARE Corporation?
From the same area (Technology) we also value Keysight Technologies, Inc, Coherent Corp, Garmin Ltd, Chroma ATE Inc, 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 THINKWARE Corporation stock attractive at the current price?
The data as of Oct 3, 2026: price 6,980 KRW, calculated fair value 11,915 KRW (+71%), Quality Score 45/100, from 6 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 084730 calculated?
We run THINKWARE Corporation through 6 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 11,915 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 14.9 % above its aggregate fair value. THINKWARE Corporation currently trades 41 % 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 THINKWARE Corporation (084730)?
The closing price on Oct 2, 2026 was 6,980 KRW. Our model-based fair value is 11,915 KRW, about +71% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with THINKWARE Corporation right now?
The price is below even our cautious bear case (10,908 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of THINKWARE Corporation

How large is the market capitalisation of THINKWARE Corporation (084730)?
The market capitalisation of THINKWARE Corporation is 83.2B KRW (≈ $62.0M). 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 THINKWARE Corporation (084730)?
The price-to-sales ratio of THINKWARE Corporation is 0.15 (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 THINKWARE Corporation (084730)?
The dividend yield of THINKWARE Corporation is 1.5%. 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 THINKWARE Corporation (084730)?
The net margin of THINKWARE Corporation is −4.7% (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 return on equity of THINKWARE Corporation (084730)?
The return on equity (ROE) of THINKWARE Corporation is −11.7% (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 THINKWARE Corporation (084730)?
On an EBIT basis the return on assets of THINKWARE Corporation is 4.6% (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 THINKWARE Corporation (084730)?
The operating margin of THINKWARE Corporation is −2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at THINKWARE Corporation (084730)?
Revenue at THINKWARE Corporation is growing −3.2% versus a year earlier (3y avg +16.8%). 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 THINKWARE Corporation (084730)?
Earnings per share at THINKWARE Corporation are growing −35.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does THINKWARE Corporation (084730) generate?
The free cash flow of THINKWARE Corporation is −49.5B 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 THINKWARE Corporation (084730) carry?
The net debt of THINKWARE Corporation is 46.3B 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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