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NewFlex Technology Co (085670) Fair Value & Analysis

Technology · KR · Market cap 74.5B KRW

NT NewFlex Technology Co 085670 · KQ
Price3,180 KRW
Fair Value3,244 KRW
Upside+2.0%
Quality49/100
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Weak Growth
Thin margins · 7.9% net margin
Low debt · generates free cash flow
1.59% dividend yield
Ranks above peers (6/9)
Narrow moat 38/100
Evidence: High Range 2,324 KRW – 4,236 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 5,955 KRW to 3,244 KRW (−45.5%) since Jul 6, 2026. Share price −3.5% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (2,324 KRW to 4,236 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

12,386 KRW 1,622 KRW Fair Value 3,244 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 1,622 KRW – 12,386 KRW · fair‑value band 2,324 KRW – 4,236 KRW · the 3,180 KRW price screens below the 3,244 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

NewFlex Technology Co (085670) currently trades at 3,180 KRW, while our model-based Fair Value estimate is 3,244 KRW, implying the stock looks roughly 2.0% fairly valued today. The Quality Score stands at 49/100 (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: high), always confirm before acting.

Over the trailing twelve months, NewFlex Technology Co generated revenue of 252B KRW at a net margin of 7.9%. Revenue grew 32.2% year over year. Net debt stands at 9.6B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 2,324 KRW (bear case) to 4,236 KRW (bull case); at 3,180 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 56% 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 2%, 085670 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
Growth DCF 3,978 KRW 5,131 KRW 7,032 KRW 80
Residual Income 4,268 KRW 4,581 KRW 5,389 KRW 76
Rev-Margin DCF 4,141 KRW 5,914 KRW 8,025 KRW 74
All 24 models by family
DCF Models
FCF DCF 3,856 KRW 5,047 KRW 7,156 KRW 38
Owner Earnings 6,219 KRW 8,281 KRW 11,932 KRW 31
5Y Revenue Exit 4,141 KRW 5,864 KRW 8,272 KRW 39
5Y EBITDA Exit 6,850 KRW 10,508 KRW 15,144 KRW 41
5Y P/E Exit 5,216 KRW 7,708 KRW 10,537 KRW 38
10Y Revenue Exit 3,894 KRW 5,390 KRW 7,136 KRW 36
10Y EBITDA Exit 5,673 KRW 8,470 KRW 11,752 KRW 37
10Y P/E Exit 4,666 KRW 6,613 KRW 8,657 KRW 35
Earnings-Based
Graham-Dodd 2,828 KRW 5,092 KRW 6,280 KRW 54
EPV 4,369 KRW 4,992 KRW 5,538 KRW 59
Dividend Discount
Gordon GGM 550.90 KRW 720.90 KRW 893.95 KRW 70
DDM Multi-Stage 550.90 KRW 752.97 KRW 995.87 KRW 61
Multiples
P/E Multiple 6,239 KRW 8,318 KRW 10,398 KRW 63
P/S Multiple 5,303 KRW 7,071 KRW 8,838 KRW 58
P/B Multiple 5,303 KRW 7,071 KRW 8,838 KRW 55
EV/EBIT 6,519 KRW 8,483 KRW 10,447 KRW 53
EV/EBITDA 9,879 KRW 12,963 KRW 16,047 KRW 54
EV/Revenue 4,599 KRW 6,301 KRW 8,003 KRW 43
Asset-Based
NCAV (Graham) 2,562 KRW 3,433 KRW 5,124 KRW 50
Growth DCF
Growth DCF 3,978 KRW 5,131 KRW 7,032 KRW 80
Rev-Margin DCF 4,141 KRW 5,914 KRW 8,025 KRW 74
Economic Profit
Residual Income 4,268 KRW 4,581 KRW 5,389 KRW 76
ROIC Compounder 4,369 KRW 4,992 KRW 5,676 KRW 72
Growth Earnings
Growth-Adj P/E 4,415 KRW 6,308 KRW 8,200 KRW 68

Widest divergence: Multiples (7,071 KRW) versus Dividend Discount (720.90 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 252B KRW
Revenue growth (YoY) +32.2%
Net margin 7.9%
Return on equity 1,233%
Free cash flow 6.7B KRW FY2025
Operating margin 6.3%
More key figures
Dividend yield 1.6%
EPS growth (YoY) +56.3%
Net debt 9.6B KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 50 · Market factors (momentum, volatility) 3

Profitability 43
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 4
Calm price path (market factor)
Momentum 3
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 80
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

NewFlex Technology Co., Ltd. manufactures and sells flexible printed circuit boards products in South Korea. The company offers single side, double side, multi-layer, rigid, optical, embedded, and build-up and IVH flexible printed circuit boards, as well as metal printed circuit boards.

Full company description

NewFlex Technology Co., Ltd. manufactures and sells flexible printed circuit boards products in South Korea. The company offers single side, double side, multi-layer, rigid, optical, embedded, and build-up and IVH flexible printed circuit boards, as well as metal printed circuit boards. Its products are used in the connector cables and sub boards, cell phones, laptops, TVs, and LEDs. NewFlex Technology Co., Ltd. was founded in 1992 and is based in Ansan, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NewFlex Technology Co reported revenue of 154B KRW in FY2025 versus 172B KRW in FY2021, a compound −2.7%/yr. Reported net income was 8.8B KRW in FY2025, compounding +38.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
154B KRW
Latest YoY
−12.4%
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.
−16.0%
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.
+0.7%
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.
+5.9%
Revenue −2.7%/yr
FY21 172B KRW
FY22 260B KRW
FY23 195B KRW
FY24 176B KRW
FY25 154B KRW
Net income +38.3%/yr
FY21 2.4B KRW
FY22 14.4B KRW
FY23 6.8B KRW
FY24 16.1B KRW
FY25 8.8B KRW

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Cite: Fair Value Calculator (2026). "NewFlex Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/085670

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 49 · Bottom 25%
Fair Value upside +2% · Above median
Return on assets 6% · Above median
Net margin (TTM) 8% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth 32% · Above median
Dividend yield (TTM) 1.6% · Top 25%

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

P/FCF 0.0× · Cheaper than 75% of peers

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 36 · sector 0
FUTURE 100 · sector 94
PAST 0 · sector 100
HEALTH 100 · sector 99
DIVIDEND 32 · 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 22, 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 NewFlex Technology Co (085670) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 3,244 KRW versus a price of 3,180 KRW, about +2% (fairly valued).
What is the fair value of 085670?
Our model-based fair value for NewFlex Technology Co is 3,244 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 3,180 KRW.
What is the quality score of 085670?
NewFlex Technology Co has a Quality Score of 49/100. 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 NewFlex Technology Co (085670)?
NewFlex Technology Co reported trailing-twelve-month revenue of about 252B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 085670?
The net profit margin of NewFlex Technology Co is about 7.9%, meaning it keeps roughly 7.9% of revenue as net income. Based on the latest reported figures.
Does NewFlex Technology Co pay a dividend?
NewFlex Technology Co currently shows a dividend yield of about 1.59% relative to its recent price (as of Jul 22, 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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