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KOSES Co (089890) Fair Value & Analysis

Technology · KR · Market cap 419B KRW

KC KOSES Co 089890 · KQ
Price22,700 KRW
Fair Value14,167 KRW
Upside-37.6%
Quality83/100
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Healthy Growth
Solidly profitable · 13.7% net margin
Low debt · generates free cash flow
Ranks above peers (6/9)
Wide moat 70/100
Evidence: High Range 10,448 KRW – 17,720 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Share price −31.8% over the past month.

A strong business, but screening 38% overvalued on our models.

What matters now

  • A high-quality business (quality 83/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (17,720 KRW). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

50,500 KRW 5,770 KRW Fair Value 14,167 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 5,770 KRW – 50,500 KRW · fair‑value band 10,448 KRW – 17,720 KRW · the 22,700 KRW price screens above the 14,167 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.

Full chart & analysis →

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Analysis

KOSES Co (089890) currently trades at 22,700 KRW, while our model-based Fair Value estimate is 14,167 KRW, implying the stock looks roughly 37.6% overvalued today. The Quality Score stands at 83/100 (high 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: high).

Over the trailing twelve months, KOSES Co generated revenue of 83.8B KRW at a net margin of 13.7%. Revenue grew 6.8% year over year. It earns a return on equity of 187.1%. Net debt stands at 743M KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 10,448 KRW (bear case) to 17,720 KRW (bull case); at 22,700 KRW, the current price sits above 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 and 232% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -68% fair-value upside, at -38%, 089890 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 12,540 KRW 21,480 KRW 37,254 KRW 80
Rev-Margin DCF 10,161 KRW 16,552 KRW 24,599 KRW 74
ROIC Compounder 10,639 KRW 14,037 KRW 18,409 KRW 72
All 24 models by family
DCF Models
FCF DCF 12,515 KRW 21,865 KRW 38,376 KRW 38
Owner Earnings 11,442 KRW 19,946 KRW 34,960 KRW 31
5Y Revenue Exit 10,161 KRW 16,643 KRW 25,260 KRW 39
5Y EBITDA Exit 11,100 KRW 18,534 KRW 27,649 KRW 41
5Y P/E Exit 11,789 KRW 19,921 KRW 29,014 KRW 38
10Y Revenue Exit 10,549 KRW 16,991 KRW 26,473 KRW 36
10Y EBITDA Exit 11,478 KRW 18,390 KRW 28,474 KRW 37
10Y P/E Exit 11,940 KRW 19,416 KRW 29,618 KRW 35
Earnings-Based
Graham-Dodd 5,328 KRW 22,707 KRW 31,011 KRW 54
Lynch FV 5,797 KRW 8,282 KRW 10,766 KRW 50
PEG = 1.0 5,797 KRW 8,282 KRW 10,766 KRW 46
EPV 9,503 KRW 11,060 KRW 12,443 KRW 59
Multiples
P/E Multiple 11,753 KRW 15,670 KRW 19,588 KRW 63
P/S Multiple 9,166 KRW 12,221 KRW 15,276 KRW 58
P/B Multiple 9,883 KRW 13,177 KRW 16,471 KRW 55
EV/EBIT 14,623 KRW 19,269 KRW 23,916 KRW 53
EV/EBITDA 11,340 KRW 14,893 KRW 18,446 KRW 54
EV/Revenue 9,237 KRW 12,903 KRW 16,569 KRW 43
Asset-Based
NCAV (Graham) 2,196 KRW 2,943 KRW 4,392 KRW 50
Growth DCF
Growth DCF 12,540 KRW 21,480 KRW 37,254 KRW 80
Rev-Margin DCF 10,161 KRW 16,552 KRW 24,599 KRW 74
Economic Profit
Residual Income 5,366 KRW 7,080 KRW 26,324 KRW 61
ROIC Compounder 10,639 KRW 14,037 KRW 18,409 KRW 72
Growth Earnings
Growth-Adj P/E 9,489 KRW 13,556 KRW 17,623 KRW 68

Widest divergence: DCF Models (18,534 KRW) versus Asset-Based (2,943 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 83.8B KRW
Revenue growth (YoY) +6.8%
Net margin 13.7%
Return on equity 187%
Free cash flow 15.1B KRW FY2025
Operating margin 14.9%
More key figures
EPS growth (YoY) -25.0%
Net debt 743M KRW FY2024

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

Quality Score breakdown

Overall quality 83/100

Of which business quality 80 · Market factors (momentum, volatility) 34

Profitability 67
Margins and returns on capital today
Quality Growth 94
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 88
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

KOSES Co.,Ltd manufactures and sells semiconductor equipment in South Korea. It offers solder ball attach machines, marking systems, laser drillings, PKG stack systems, package laser saw systems, flux pre-cleaning systems, substrate merge and sorting systems, loader and off-loader systems, router systems, solder ball attach tool kits, pick and place …

Full company description

KOSES Co.,Ltd manufactures and sells semiconductor equipment in South Korea. It offers solder ball attach machines, marking systems, laser drillings, PKG stack systems, package laser saw systems, flux pre-cleaning systems, substrate merge and sorting systems, loader and off-loader systems, router systems, solder ball attach tool kits, pick and place systems, other equipment, and display products. The company was formerly known as Korea Semiconductor System Co., Ltd. and changed its name to KOSES Co.,Ltd in April 2018. KOSES Co.,Ltd was founded in 1990 and is based in Bucheon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KOSES Co reported revenue of 82.4B KRW in FY2025 versus 77.2B KRW in FY2021, a compound +1.6%/yr. Reported net income was 13.2B KRW in FY2025, compounding +4.4%/yr from FY2021.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
82.4B KRW
Latest YoY
+19.1%
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.
+4.1%
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.
+5.2%
Avg. growth/yr (13Y) 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.
+0.6%
Revenue +1.6%/yr
FY21 77.2B KRW
FY22 72.9B KRW
FY23 95.7B KRW
FY24 69.2B KRW
FY25 82.4B KRW
Net income +4.4%/yr
FY21 11.1B KRW
FY22 7.9B KRW
FY23 7.0B KRW
FY24 −197M KRW
FY25 13.2B KRW

089890 screens 38% overvalued. Compare with TES Co →

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Cite: Fair Value Calculator (2026). "KOSES Co Fair Value". https://www.fairvalue-calculator.com/stock/089890

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 83 · Top 25%
Fair Value upside −38% · Below median
Return on equity (TTM) 187% · Above median
Return on assets 10% · Top 25%
Net margin (TTM) 14% · Above median
Operating margin (TTM) 15% · Top 25%
Revenue growth 7% · Below median

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

P/FCF 0.0× · Pricier 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.

VALUE 0 · sector 0
FUTURE 34 · sector 94
PAST 100 · sector 100
HEALTH 100 · sector 99
DIVIDEND 0 · sector 20

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

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 KOSES Co (089890) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 14,167 KRW versus a price of 22,700 KRW, about −38% (overvalued).
What is the fair value of 089890?
Our model-based fair value for KOSES Co is 14,167 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 22,700 KRW.
What is the quality score of 089890?
KOSES Co has a Quality Score of 83/100. 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 KOSES Co (089890)?
KOSES Co reported trailing-twelve-month revenue of about 83.8B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 089890?
The net profit margin of KOSES Co is about 13.7%, meaning it keeps roughly 13.7% of revenue as net income. 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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