KOSES Co.Ltd (089890) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of KOSES Co.Ltd KRW 27,319, price KRW 29,050, upside -6.0%, quality 83 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 5,770 KRW – 50,500 KRW · fair‑value band 17,453 KRW – 41,684 KRW · the 29,050 KRW price screens above the 27,319 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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KOSES Co.,Ltd manufactures and sells semiconductor equipment in South Korea.
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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.
Stock analysis
KOSES Co.Ltd (089890) currently trades at 29,050 KRW, while our model-based Fair Value estimate is 27,319 KRW, implying the stock looks roughly 6.3% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 16,593 KRW per share, and 0 of the 24 models we run sit above the 29,050 KRW price.
Bear case: the Asset-Based group reads lowest at 2,943 KRW, and 24 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 17,453 KRW (bear) to 41,684 KRW (bull), the price of 29,050 KRW sits inside 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 83/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
KOSES Co.Ltd 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.
Key figures
Market cap 464B KRW (≈ $325M) · P/S ratio 5.00 · Net margin 16.0% · Return on equity 187% · Return on assets (EBIT) 10.1% · Operating margin 14.9% · Revenue (TTM) 83.8B KRW · Revenue growth (YoY) +6.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 91% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −42% fair-value upside, at −6%, 089890 screens cheaper than that median.
Fair Value models
Bear 17,453 KRWFair Value 27,319 KRWBull 41,684 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+19.1%
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.
+4.1%
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.
+5.2%
Start year 2020 (pandemic). Over 10 years: +6.7% a year
Revenue growth 13 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.
+0.6%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+6.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.3%
Dividend (yield on the price)0.0%
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.15% → 21%
2025 sits 85% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+31.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +28.6% a year for the price.
Price, fair value, quality and upside side by side.
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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.Semiconductors & Semiconductor Equipment · 48 stocks
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Cite: Fair Value Calculator (2026). "KOSES Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/089890
Frequently asked questions
Is KOSES Co.Ltd (089890) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 27,319 KRW versus a price of 29,050 KRW, about −6% upside (fairly valued).
What is the fair value of 089890?
Our model-based fair value for KOSES Co.Ltd is 27,319 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 29,050 KRW.
What is the quality score of 089890?
KOSES Co.Ltd 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 price target for KOSES Co.Ltd (089890)?
Our model-based price target is the fair value of 27,319 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 17,453 KRW, optimistic scenario 41,684 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the KOSES Co.Ltd stock forecast for 2026?
Our models put fair value at 27,319 KRW, about −6% upside versus a price of 29,050 KRW (fairly valued). Cautious scenario 17,453 KRW, optimistic scenario 41,684 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of KOSES Co.Ltd (089890)?
KOSES Co.Ltd reported trailing-twelve-month revenue of about 83.8B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into KOSES Co.Ltd (089890)?
For today's price to be fair in a discounted-cash-flow model, KOSES Co.Ltd would have to grow free cash flow by +31.3 % per year for five years (discount rate 15.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 089890 use?
Our models discount KOSES Co.Ltd at 15.6 %: a base by market capitalisation (micro), damped by beta 1.80, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For KOSES Co.Ltd that is +31.3 % per year a year over ten years, using the same discount rate (15.6 %) and the same formula as our fair value.
How much growth has KOSES Co.Ltd (089890) delivered so far?
Over the past 5 years revenue at KOSES Co.Ltd grew +5.2 % a year. The price currently implies +31.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of KOSES Co.Ltd (089890) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into KOSES Co.Ltd (+31.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of KOSES Co.Ltd (089890)?
The free-cash-flow yield on the price is 3.26 %: that much free cash flow KOSES Co.Ltd produces per unit of market value. When it exceeds the discount rate of our models (15.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of KOSES Co.Ltd (089890)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KOSES Co.Ltd it is 27,319 KRW per share (as of Sep 24, 2026), against a price of 29,050 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is KOSES Co.Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 089890 trades above its calculated fair value: price 29,050 KRW, fair value 27,319 KRW, a gap of about −6% (fairly valued). 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 089890?
No. The price is what the market pays today (29,050 KRW); the fair value is what the company's own numbers justify (27,319 KRW). For KOSES Co.Ltd the two are 1,731 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is KOSES Co.Ltd worth?
The market values KOSES Co.Ltd at about 464B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 29,050 KRW; our models calculate a fair value of 27,319 KRW per share.
What do the bullish and bearish scenarios say about 089890?
Our models span a range for KOSES Co.Ltd: cautious scenario 17,453 KRW, base 27,319 KRW, optimistic 41,684 KRW per share (as of Sep 24, 2026, price 29,050 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of KOSES Co.Ltd (089890)?
Balance-sheet figures for KOSES Co.Ltd (as of Sep 24, 2026): return on equity 187.1%. They feed the Quality Score of 83/100, which measures business quality independently of the share price.
How far is 089890 from its 52-week high?
KOSES Co.Ltd trades at 29,050 KRW, about 42% below its 52-week high of 50,500 KRW and 91% above the low of 15,200 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 27,319 KRW is for.
Which stocks are comparable to KOSES Co.Ltd?
From the same area (Technology) we also value TES Co, Eugene Technology Co, TSE Co, ISC Co, 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 KOSES Co.Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 29,050 KRW, calculated fair value 27,319 KRW (−6%), Quality Score 83/100, from 24 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 089890 calculated?
We run KOSES Co.Ltd through 24 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 27,319 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 13.0 % above its aggregate fair value. KOSES Co.Ltd 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 KOSES Co.Ltd (089890)?
The closing price on Sep 23, 2026 was 29,050 KRW. Our model-based fair value is 27,319 KRW, about −6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KOSES Co.Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (17,453 KRW to 41,684 KRW) leaves room in how you read the outcome.
Key figures of KOSES Co.Ltd
How large is the market capitalisation of KOSES Co.Ltd (089890)?
The market capitalisation of KOSES Co.Ltd is 464B KRW (≈ $325M). 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 KOSES Co.Ltd (089890)?
The price-to-sales ratio of KOSES Co.Ltd is 5.00 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of KOSES Co.Ltd (089890)?
The net margin of KOSES Co.Ltd is 16.0% (fiscal year 2025). 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 KOSES Co.Ltd (089890)?
The return on equity (ROE) of KOSES Co.Ltd is 187% (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 KOSES Co.Ltd (089890)?
On an EBIT basis the return on assets of KOSES Co.Ltd is 10.1% (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 KOSES Co.Ltd (089890)?
The operating margin of KOSES Co.Ltd is 14.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KOSES Co.Ltd (089890)?
Revenue at KOSES Co.Ltd is growing +6.8% versus a year earlier (3y avg +4.1%). 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 KOSES Co.Ltd (089890)?
Earnings per share at KOSES Co.Ltd are growing −25.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does KOSES Co.Ltd (089890) carry?
The net debt of KOSES Co.Ltd is 743M KRW (fiscal year 2024, ≈ 0.0 yrs of FCF). 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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