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THINKWARE Corporation (084730) Fair Value & Analysis

Technology · KR · Market cap 77.7B KRW

TC THINKWARE Corporation 084730 · KQ
Price6,300 KRW
Fair Value13,666 KRW
Upside+116.9%
Quality45/100
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Expensive Growth
Loss-making · -5.3% net margin
Low debt · negative free cash flow
Trails peers (3/9)
Narrow moat 11/100
Evidence: Low Range 9,446 KRW – 17,887 KRW Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated 6 days ago

Share price −0.3% over the past month.

Below-average quality, screening 117% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (9,446 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.
  • A fairly wide model range (9,446 KRW to 17,887 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

20,882 KRW 5,830 KRW Fair Value 13,666 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 5,830 KRW – 20,882 KRW · fair‑value band 9,446 KRW – 17,887 KRW · the 6,300 KRW price screens below the 13,666 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

THINKWARE Corporation (084730) currently trades at 6,300 KRW, while our model-based Fair Value estimate is 13,666 KRW, implying the stock looks roughly 116.9% undervalued today. The Quality Score stands at 45/100 (below-average 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: low), always confirm before acting.

Over the trailing twelve months, THINKWARE Corporation generated revenue of 514B KRW at a net margin of -5.3%. Revenue declined 16.1% year over year. It earns a return on equity of -9.8%. Net debt stands at 46.3B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 9,446 KRW (bear case) to 17,887 KRW (bull case); at 6,300 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 41% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -46% fair-value upside, at 117%, 084730 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
ROIC Compounder 13,381 KRW 15,106 KRW 18,188 KRW 72
EPV 13,381 KRW 15,106 KRW 16,615 KRW 59
EV/EBITDA 17,928 KRW 22,894 KRW 27,859 KRW 54
All 6 models by family
Earnings-Based
EPV 13,381 KRW 15,106 KRW 16,615 KRW 59
Multiples
EV/EBIT 20,555 KRW 26,396 KRW 32,238 KRW 53
EV/EBITDA 17,928 KRW 22,894 KRW 27,859 KRW 54
EV/Revenue 14,844 KRW 19,906 KRW 24,969 KRW 43
Asset-Based
NCAV (Graham) 7,761 KRW 10,400 KRW 15,523 KRW 50
Economic Profit
ROIC Compounder 13,381 KRW 15,106 KRW 18,188 KRW 72

Widest divergence: Multiples (22,894 KRW) versus Asset-Based (10,400 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 514B KRW
Revenue growth (YoY) -16.1%
Net margin -5.3%
Return on equity -9.8%
Free cash flow −49.5B KRW FY2025
Operating margin -3.8%
More key figures
EPS growth (YoY) -35.0%
Net debt 46.3B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 46 · Market factors (momentum, volatility) 28

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 69
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 44
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
537B KRW
Latest YoY
+9.7%
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.
+16.8%
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.
+22.1%
Avg. growth/yr (12Y) 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.
+9.7%
Revenue +24.2%/yr
FY21 225B KRW
FY22 337B KRW
FY23 421B KRW
FY24 489B KRW
FY25 537B KRW
Net income
FY21 6.5B KRW
FY22 3.4B KRW
FY23 15.6B KRW
FY24 10.9B KRW
FY25 −25.4B KRW

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Cite: Fair Value Calculator (2026). "THINKWARE Corporation Fair Value". https://www.fairvalue-calculator.com/stock/084730

Peer Group

Scientific & Technical Instruments · 170 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 45 · Bottom 25%
Fair Value upside +117% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) -4% · Bottom 25%
Revenue growth -16% · Bottom 25%
Dividend yield (TTM) 1.2% · Above median
Debt / equity 0.02× · Lower 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE0 · sector 28
PAST0 · sector 23
HEALTH99 · sector 99
DIVIDEND25 · 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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $354.50 $107.22 -70%
Garmin Ltd GRMN $309.98 $139.44 -55%
Teledyne Technologies Incorporated TDY $686.49 $488.95 -29%
Chroma ATE Inc 2360 2,195 TWD 322.57 TWD -85%
Hexagon AB HEXAB kr 99.00 kr 74.09 -25%
MKS Inc MKSI $294.38 $76.00 -74%
AVIC Chengdu Aircraft Company 302132 ¥57.89 ¥34.47 -40%
Fortive Corporation FTV $61.54 $33.48 -46%
Trimble Inc TRMB $56.99 $34.12 -40%
Cognex Corporation CGNX $60.67 $19.25 -68%

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Frequently asked questions

Is THINKWARE Corporation (084730) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 13,666 KRW versus a price of 6,300 KRW, about +117% (undervalued).
What is the fair value of 084730?
Our model-based fair value for THINKWARE Corporation is 13,666 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 6,300 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 revenue of THINKWARE Corporation (084730)?
THINKWARE Corporation reported trailing-twelve-month revenue of about 514B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 084730?
The net profit margin of THINKWARE Corporation is about -5.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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