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Techwing Inc (089030) fair value: what the stock is really worth

As of Oct 23, 2026: fair value (intrinsic value) of Techwing Inc stock KRW 3,990, price KRW 38,550, upside -89.7%, quality 41 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Technology · KR · ISIN KR7089030001

TI Techwing Inc logo Thin data Oct 24, 2026

Techwing Inc

089030 · KQ

Weakest SetupStrongly overvalued and low quality.

Our calculation puts a fair price 90% below what the stock costs today.

Quality 41/100
Mixed Growth (revenue 5y −0.1 %/yr in KRW)
Loss over the last twelve months · -6.4% net margin (TTM) · fiscal year 2025 5.9%
Moderate debt
0.3% dividend yield · Token dividend
Fair value 3,990 KRW · Strongly overvalued (−89.7%)
Negative free cash flow
Trails peers (1/12)
Narrow moat 32/100 · thin data
Thin data
Structural break⟳ Cyclical

What runs behind every stock

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

Price vs Fair Value

71,100 KRW 5,255 KRW Fair Value 3,990 KRW May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 24, 2026.

How to read this chart

60‑month range 5,255 KRW – 71,100 KRW · fair‑value band 3,901 KRW – 5,599 KRW · the 38,550 KRW price screens above the 3,990 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 24, 2026.

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Company profile

Techwing, Inc., together with its subsidiaries, develops, manufactures, sells, and services semiconductor inspection equipment in South Korea and internationally.

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The company offers wafer probing system, a device that tests the electrical properties of chips formed on wafer; cube probers, a die level cube prober machines; memory and SOC handler, an equipment used in the test process in the final stage of semiconductor production; burn-in chamber and sorter that inspects the direct current characteristics of integrated circuits; vision inspection, an inspection equipment that uses a vision camera to obtain videos and images of semiconductor products; and motion controllers.

It also provides Chiller, an equipment to maintain a stable temperature during semiconductor and display manufacturing; semiconductor test board, a device that connects electrical signals between two equipment between tester and handler; change over kit, a kit that creates an inspection environment in the test handlers.

In addition, the company offers automotive products; module test handlers; test solutions; and vision solutions, such as handler vision options, 3D inspection technology, and optical design and verification technology.

Techwing, Inc. was founded in 2002 and is headquartered in Hwaseong-si, South Korea.

Stock analysis

Techwing Inc (089030) currently trades at 38,550 KRW, while our model-based Fair Value estimate is 3,990 KRW, 89.7% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 6,750 KRW per share, and 0 of the 11 models we run sit above the 38,550 KRW price.

Bear case: the Dividend Discount group reads lowest at 1,116 KRW, and 11 of the 11 models stay below the price. Data coverage for this calculation is low.

Scenario range: 3,901 KRW (bear) to 5,599 KRW (bull), the price of 38,550 KRW sits above 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 41/100 (below-average quality), in the Technology sector.

Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.

Techwing Inc reported revenue of 159B KRW in FY2025 versus 256B KRW in FY2021, a compound −11.2%/yr. Reported net income was 9.4B KRW in FY2025, compounding −15.0%/yr from FY2021.

Key figures

Market cap 1.4T KRW (≈ $1.0B) Small · P/S ratio 10.6 · Dividend yield 0.3% · Net margin −6.4% · Return on equity −5.9% · Return on assets (EBIT) 4.8% · Operating margin 22.0% · Revenue (TTM) 185B 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 46% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −5% fair-value upside, at −90%, 089030 screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (1,116 KRW to 33,595 KRW). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 3,901 KRW Fair Value 3,990 KRW Bull 5,599 KRW
Price 38,550 KRW · Upside -89.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. Coverage ⓘCoverage = 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.
Best data coverage
Residual Income 4,106 KRW 3,990 KRW 4,004 KRW 76
Gordon GGM 892.71 KRW 1,116 KRW 1,308 KRW 69
DDM Multi-Stage 892.71 KRW 1,129 KRW 1,357 KRW 67
All 11 models by family
Earnings-Based
Graham-Dodd 1,789 KRW 3,364 KRW 4,183 KRW 66
Dividend Discount
Gordon GGM 892.71 KRW 1,116 KRW 1,308 KRW 69
DDM Multi-Stage 892.71 KRW 1,129 KRW 1,357 KRW 67
Multiples
P/E Multiple 5,524 KRW 7,366 KRW 9,207 KRW 63
P/S Multiple 3,354 KRW 4,472 KRW 5,590 KRW 58
P/B Multiple 25,196 KRW 33,595 KRW 41,994 KRW 55
EV/EBIT n/a 1,303 KRW 3,962 KRW 61
EV/EBITDA 2,729 KRW 6,750 KRW 10,770 KRW 63
Asset-Based
NCAV (Graham) 2,800 KRW 3,751 KRW 5,599 KRW 54
Economic Profit
Residual Income 4,106 KRW 3,990 KRW 4,004 KRW 76
Growth Earnings
Growth-Adj P/E 3,901 KRW 5,573 KRW 7,245 KRW 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 41/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 23
How much profit the company makes from its sales and capital
Quality Growth 57
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 38
Debt, balance sheet and risk of trouble
Investment 53
Does it invest with discipline instead of growing at any price?
Low Volatility 17
How calm the share price moves, does not count
Momentum 11
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 9
Distance to the 52-week high, does not count
New shares 87
Buys back shares or issues new ones?

Open the full quality analysis →

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. 55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
−10.2%
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.
−0.1%
Revenue growth 11 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.
+6.6%
What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−11.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.3%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−11.3% vs −4.3%, slowing
Profit margin 2020 to 2025 ⓘ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.17% → 10%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.5%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

089030 screens overvalued: fair value 90% below the price. Compare with ASML Holding →

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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.Semiconductor Equipment & Materials · 227 stocks

Beats the industry median on 1/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 41 · Bottom 25%
Fair Value upside −89.7% · Bottom 25%
Profitability
Return on assets 1.5% · Below median
Net margin (12 months) −6.4% · Bottom 25%
Operating margin (12 months) 22.0% · Above median
Growth and dividend
Revenue growth (quarter YoY) 16.1% · Below median
Dividend yield (12 months) 0.3% · Bottom 25%
Balance sheet
Debt / equity 1.18× · Highest 25%

Valuation Multiplesvs Semiconductor Equipment & Materials median · lower = cheaper

P/B 6.41× · Pricier than median
P/S (12 months) 7.46× · Pricier than median
EV/EBITDA 32.7× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)81 · sector 100
PAST (return on equity)0 · sector 38
HEALTH (low debt)41 · sector 96
DIVIDEND (yield)7 · sector 17

VALUE 0: the price sits above our fair-value range.

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Lam Research Corporation LRCX $230.15 $250.92 +9% vs 089030
KLA Corporation KLAC $145.61 $157.54 +8% vs 089030
Applied Materials, Inc AMAT $375.58 $368.90 −2% vs 089030
ASML Holding ASML €1,407 €1,345 −4% vs 089030
Hon. Precision, Inc 7769 5,130 TWD 4,864 TWD −5% vs 089030
Piotech Inc 688072 ¥533.00 ¥320.60 −40% vs 089030
Qnity Electronics, Inc Q $120.17 $70.48 −41% vs 089030
Advanced Micro-Fabrication Equipment Inc 688012 ¥274.00 ¥123.44 −55% vs 089030
Hangzhou Changchuan Technology Co 300604 ¥202.00 ¥45.46 −77% vs 089030
Teradyne, Inc TER $345.49 $66.14 −81% vs 089030

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Cite: Fair Value Calculator (2026). "Techwing Inc Fair Value". https://www.fairvalue-calculator.com/stock/089030

Frequently asked questions

Is Techwing Inc (089030) overvalued or undervalued?
As of Oct 24, 2026, our model estimates a fair value of 3,990 KRW versus a price of 38,550 KRW, about −90% upside (overvalued).
What is the fair value of 089030?
Our model-based fair value for Techwing Inc is 3,990 KRW (as of Oct 24, 2026), built from audited fundamentals. The current price: 38,550 KRW.
What is the quality score of 089030?
Techwing Inc has a Quality Score of 41/100. 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 Techwing Inc (089030)?
Our model-based price target is the fair value of 3,990 KRW (as of Oct 24, 2026) from 11 valuation models. Cautious scenario 3,901 KRW, optimistic scenario 5,599 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Techwing Inc stock forecast for 2026?
Our models put fair value at 3,990 KRW, about −90% upside versus a price of 38,550 KRW (overvalued). Cautious scenario 3,901 KRW, optimistic scenario 5,599 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Techwing Inc (089030)?
Techwing Inc reported trailing-twelve-month revenue of about 185B KRW (latest available figure, as of Oct 24, 2026).
Does Techwing Inc pay a dividend?
Techwing Inc currently shows a dividend yield of 0.34% relative to its recent price (as of Oct 24, 2026).
What is the intrinsic value of Techwing Inc (089030)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Techwing Inc it is 3,990 KRW per share (as of Oct 24, 2026), against a price of 38,550 KRW. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Techwing Inc stock overvalued or undervalued in 2026?
As of Oct 24, 2026, 089030 trades above its calculated fair value: price 38,550 KRW, fair value 3,990 KRW, a gap of about −90% (overvalued). 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 089030?
No. The price is what the market pays today (38,550 KRW); the fair value is what the company's own numbers justify (3,990 KRW). For Techwing Inc the two are 34,560 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Techwing Inc worth?
The market values Techwing Inc at about 1.4T KRW (market capitalisation, as of Oct 24, 2026). Per share that is 38,550 KRW; our models calculate a fair value of 3,990 KRW per share.
What do the bullish and bearish scenarios say about 089030?
Our models span a range for Techwing Inc: cautious scenario 3,901 KRW, base 3,990 KRW, optimistic 5,599 KRW per share (as of Oct 24, 2026, price 38,550 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Techwing Inc (089030)?
Balance-sheet figures for Techwing Inc (as of Oct 24, 2026): return on equity −5.9%, debt of 1.18 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 089030 from its 52-week high?
Techwing Inc trades at 38,550 KRW, about 46% below its 52-week high of 71,100 KRW and 21% above the low of 31,900 KRW (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of 3,990 KRW is for.
Which stocks are comparable to Techwing Inc?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA Corporation, 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 Techwing Inc stock attractive at the current price?
The data as of Oct 24, 2026: price 38,550 KRW, calculated fair value 3,990 KRW (−90%), Quality Score 41/100, from 11 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 089030 calculated?
We run Techwing Inc through 11 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 3,990 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 12.3 % above its aggregate fair value. Techwing Inc itself currently trades above fair value. 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 Techwing Inc (089030)?
The closing price on Oct 23, 2026 was 38,550 KRW. Our model-based fair value is 3,990 KRW, about −90% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Techwing Inc right now?
The price sits above even our optimistic bull case (5,599 KRW). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Techwing Inc

How large is the market capitalisation of Techwing Inc (089030)?
The market capitalisation of Techwing Inc is 1.4T KRW (≈ $1.0B). 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 Techwing Inc (089030)?
The price-to-sales ratio of Techwing Inc is 10.6 (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 Techwing Inc (089030)?
The dividend yield of Techwing Inc is 0.3%. 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 Techwing Inc (089030)?
The net margin of Techwing Inc is −6.4% (last twelve months). 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 Techwing Inc (089030)?
The return on equity (ROE) of Techwing Inc is −5.9% (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 Techwing Inc (089030)?
On an EBIT basis the return on assets of Techwing Inc is 4.8% (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 Techwing Inc (089030)?
The operating margin of Techwing Inc is 22.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Techwing Inc (089030)?
Revenue at Techwing Inc is growing +16.1% versus a year earlier (3y avg −15.9%). 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 Techwing Inc (089030)?
Earnings per share at Techwing Inc are growing −75.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Techwing Inc (089030) generate?
The free cash flow of Techwing Inc is −46.9B 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 Techwing Inc (089030) carry?
The net debt of Techwing Inc is 334B 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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