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Pixelplus. Co (087600) Fair Value & Analysis

Technology · KR · Market cap 27.0B KRW

PC Pixelplus. Co 087600 · KQ
Price3,975 KRW
Fair Value3,301 KRW
Upside-17.0%
Quality44/100
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Weak Growth
Loss-making · -5.3% net margin
Low debt · generates free cash flow
Trails peers (2/9)
Narrow moat 12/100
Evidence: Medium Range 2,135 KRW – 4,467 KRW Share as image

Fair value as of: Jul 20, 2026

From 9 valuation models · updated 21 days ago

Share price −3.0% over the past month.

Below-average quality, and screening another 17% overvalued on our models.

What matters now

  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (2,135 KRW to 4,467 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

14,470 KRW 3,760 KRW Fair Value 3,301 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 3,760 KRW – 14,470 KRW · fair‑value band 2,135 KRW – 4,467 KRW · the 3,975 KRW price screens above the 3,301 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.

Full chart & analysis →

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Analysis

Pixelplus. Co (087600) currently trades at 3,975 KRW, while our model-based Fair Value estimate is 3,301 KRW, implying the stock looks roughly 17.0% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Pixelplus. Co generated revenue of 82.6B KRW at a net margin of -5.3%. Revenue declined 10.9% year over year. It earns a return on equity of -4.0%. Net debt stands at 3.8B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 2,135 KRW (bear case) to 4,467 KRW (bull case); at 3,975 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 53% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -17%, 087600 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 3,550 KRW 4,657 KRW 6,551 KRW 80
Rev-Margin DCF 3,162 KRW 4,428 KRW 5,984 KRW 74
Gordon GGM 448.12 KRW 490.49 KRW 555.06 KRW 70
All 9 models by family
DCF Models
FCF DCF 3,415 KRW 4,555 KRW 6,668 KRW 38
5Y Revenue Exit 3,162 KRW 4,360 KRW 6,102 KRW 39
10Y Revenue Exit 3,167 KRW 4,070 KRW 5,036 KRW 36
Dividend Discount
Gordon GGM 448.12 KRW 490.49 KRW 555.06 KRW 70
DDM Multi-Stage 448.12 KRW 562.24 KRW 722.19 KRW 61
Multiples
EV/Revenue 3,230 KRW 4,396 KRW 5,562 KRW 43
Asset-Based
NCAV (Graham) 6,491 KRW 8,698 KRW 12,982 KRW 50
Growth DCF
Growth DCF 3,550 KRW 4,657 KRW 6,551 KRW 80
Rev-Margin DCF 3,162 KRW 4,428 KRW 5,984 KRW 74

Widest divergence: Asset-Based (8,698 KRW) versus Dividend Discount (490.49 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 82.6B KRW
Revenue growth (YoY) -10.9%
Net margin -5.3%
Return on equity -4.0%
Free cash flow 2.0B KRW FY2025
Operating margin -8.5%
More key figures
Net debt 3.8B KRW FY2025

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

Quality Score breakdown

Overall quality 44/100

Of which business quality 46 · Market factors (momentum, volatility) 22

Profitability 11
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 74
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

Pixelplus. Co., Ltd., a fabless semiconductor company, researches, develops, manufactures, and sells image sensors and imaging solutions in South Korea and internationally. The company offers analog, digital, and medical sensors; companion chips; and system on a chips.

Full company description

Pixelplus. Co., Ltd., a fabless semiconductor company, researches, develops, manufactures, and sells image sensors and imaging solutions in South Korea and internationally. The company offers analog, digital, and medical sensors; companion chips; and system on a chips. Its products are used in various applications, such as security, automotive, medical, biometrics, Internet of Things, drones, sports cams, home appliances, barcode scanners, satellites, etc. The company was founded in 2000 and is headquartered in Suwon-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pixelplus. Co reported revenue of 42.7B KRW in FY2025 versus 50.6B KRW in FY2021, a compound −4.2%/yr. Reported net income was −3.3B KRW in FY2025.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
42.7B KRW
Latest YoY
−20.1%
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.
−12.1%
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.
+1.8%
Avg. growth/yr (19Y) 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.
+1.5%
Revenue −4.2%/yr
FY21 50.6B KRW
FY22 62.9B KRW
FY23 50.7B KRW
FY24 53.5B KRW
FY25 42.7B KRW
Net income
FY21 3.7B KRW
FY22 248M KRW
FY23 −430M KRW
FY24 3.5B KRW
FY25 −3.3B KRW

087600 screens 17% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Pixelplus. Co Fair Value". https://www.fairvalue-calculator.com/stock/087600

Peer Group

Semiconductors · 318 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 44 · Below median
Fair Value upside −17% · Above median
Return on assets -3% · Bottom 25%
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) -8% · Bottom 25%
Revenue growth -11% · Bottom 25%
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Semiconductors 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 11 · sector 0
FUTURE 0 · sector 60
PAST 0 · sector 25
HEALTH 94 · sector 97
DIVIDEND 0 · sector 22

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

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $418.47 $208.16 -50%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Pixelplus. Co (087600) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 3,301 KRW versus a price of 3,975 KRW, about −17% (overvalued).
What is the fair value of 087600?
Our model-based fair value for Pixelplus. Co is 3,301 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 3,975 KRW.
What is the quality score of 087600?
Pixelplus. Co has a Quality Score of 44/100. 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 Pixelplus. Co (087600)?
Pixelplus. Co reported trailing-twelve-month revenue of about 82.6B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 087600?
The net profit margin of Pixelplus. Co 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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