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e-Credible Co (092130) Fair Value & Analysis

Industrials · KR · Market cap 171B KRW

EC e-Credible Co 092130 · KQ
Price14,410 KRW
Fair Value21,145 KRW
Upside+46.7%
Quality89/100
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Healthy Growth
Highly profitable · 31.4% net margin
Low debt · generates free cash flow
5.80% dividend yield
Ranks above peers (8/9)
Wide moat 87/100
Evidence: High Range 15,007 KRW – 26,198 KRW Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Share price +1.6% over the past month.

A strong business, screening 47% undervalued on our models.

What matters now

  • The rarer combination: high quality (89/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (15,007 KRW). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

17,479 KRW 9,855 KRW Fair Value 21,145 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 9,855 KRW – 17,479 KRW · fair‑value band 15,007 KRW – 26,198 KRW · the 14,410 KRW price screens below the 21,145 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.

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Analysis

e-Credible Co (092130) currently trades at 14,410 KRW, while our model-based Fair Value estimate is 21,145 KRW, implying the stock looks roughly 46.7% undervalued today. The Quality Score stands at 89/100 (high quality), in the Industrials 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, e-Credible Co generated revenue of 46.3B KRW at a net margin of 31.4%. Revenue grew 0.8% year over year. Fundamentals as of Jul 20, 2026

Our scenario range runs from 15,007 KRW (bear case) to 26,198 KRW (bull case); at 14,410 KRW, the current price sits below 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 18% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 118% fair-value upside, at 47%, 092130 screens richer 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 13,736 KRW 18,975 KRW 26,539 KRW 80
Residual Income 7,313 KRW 10,163 KRW 72,751 KRW 76
Rev-Margin DCF 10,076 KRW 13,509 KRW 17,532 KRW 74
All 24 models by family
DCF Models
FCF DCF 13,577 KRW 19,536 KRW 28,724 KRW 38
Owner Earnings 14,213 KRW 20,538 KRW 30,290 KRW 31
5Y Revenue Exit 10,076 KRW 13,417 KRW 17,591 KRW 39
5Y EBITDA Exit 14,649 KRW 22,039 KRW 30,688 KRW 41
5Y P/E Exit 16,631 KRW 25,776 KRW 35,449 KRW 38
10Y Revenue Exit 11,079 KRW 14,447 KRW 18,838 KRW 36
10Y EBITDA Exit 14,165 KRW 20,458 KRW 28,908 KRW 37
10Y P/E Exit 15,432 KRW 23,063 KRW 32,568 KRW 35
Earnings-Based
Graham-Dodd 7,271 KRW 23,483 KRW 31,345 KRW 54
Lynch FV 5,225 KRW 7,464 KRW 9,703 KRW 50
PEG = 1.0 5,225 KRW 7,464 KRW 9,703 KRW 46
EPV 11,957 KRW 13,414 KRW 14,688 KRW 59
Multiples
P/E Multiple 16,842 KRW 22,456 KRW 28,069 KRW 63
P/S Multiple 6,230 KRW 8,306 KRW 10,383 KRW 58
P/B Multiple 11,972 KRW 15,962 KRW 19,953 KRW 55
EV/EBIT 19,748 KRW 25,258 KRW 30,768 KRW 53
EV/EBITDA 16,663 KRW 21,145 KRW 25,626 KRW 54
EV/Revenue 8,452 KRW 10,694 KRW 12,937 KRW 43
Asset-Based
NCAV (Graham) 1,774 KRW 2,377 KRW 3,547 KRW 50
Growth DCF
Growth DCF 13,736 KRW 18,975 KRW 26,539 KRW 80
Rev-Margin DCF 10,076 KRW 13,509 KRW 17,532 KRW 74
Economic Profit
Residual Income 7,313 KRW 10,163 KRW 72,751 KRW 76
ROIC Compounder 12,054 KRW 13,635 KRW 15,093 KRW 72
Growth Earnings
Growth-Adj P/E 14,107 KRW 20,152 KRW 26,198 KRW 68

Widest divergence: DCF Models (20,458 KRW) versus Asset-Based (2,377 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 46.3B KRW
Revenue growth (YoY) +0.8%
Net margin 31.4%
Return on equity 3,897%
Free cash flow 10.9B KRW FY2025
Operating margin 40.3%
More key figures
Dividend yield 5.8%
EPS growth (YoY) +1.9%

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

Quality Score breakdown

Overall quality 89/100

Of which business quality 86 · Market factors (momentum, volatility) 48

Profitability 94
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 82
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

e-Credible Co., Ltd. provides corporate credit certification services in Korea. The company offers DNA, a corporate credit authentication service that manages transaction risk by utilizing corporate credit ratings for business-to-business transactions. It also provides Wisduspool, a corporate information services; and R-MIS that monitors the credit risks.

Full company description

e-Credible Co., Ltd. provides corporate credit certification services in Korea. The company offers DNA, a corporate credit authentication service that manages transaction risk by utilizing corporate credit ratings for business-to-business transactions. It also provides Wisduspool, a corporate information services; and R-MIS that monitors the credit risks. The company was founded in 2001 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

e-Credible Co reported revenue of 50.0B KRW in FY2025 versus 45.7B KRW in FY2021, a compound +2.3%/yr. Reported net income was 12.9B KRW in FY2025, compounding −1.9%/yr from FY2021.

Growth Quality 74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
50.0B KRW
Latest YoY
+10.9%
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.
+2.0%
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.
+3.1%
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.
+8.0%
Revenue +2.3%/yr
FY21 45.7B KRW
FY22 47.1B KRW
FY23 41.1B KRW
FY24 45.1B KRW
FY25 50.0B KRW
Net income −1.9%/yr
FY21 13.9B KRW
FY22 15.7B KRW
FY23 11.7B KRW
FY24 12.9B KRW
FY25 12.9B KRW

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Cite: Fair Value Calculator (2026). "e-Credible Co Fair Value". https://www.fairvalue-calculator.com/stock/092130

Peer Group

Industrials · 5339 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Professional & Commercial Services” was too small, so the broader sector is used.)

Quality Score 89 · Top 25%
Fair Value upside +47% · Top 25%
Return on assets 18% · Top 25%
Net margin (TTM) 31% · Top 25%
Operating margin (TTM) 40% · Top 25%
Revenue growth 1% · Below median
Dividend yield (TTM) 5.8% · Top 25%

Valuation Multiples vs Industrials 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 96 · sector 5
FUTURE 4 · sector 24
PAST 0 · sector 27
HEALTH 100 · sector 94
DIVIDEND 100 · sector 30

Insider activity: 42/100

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

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CCID Consulting Company 8235 HK$0.7850 HK$2.55 +225%
Yangjisa Co 030960 4,750 KRW 502.19 KRW -89%
Smart Globe Holdings 8485 HK$1.50 HK$0.4500 -70%
Kocom Co 015710 2,600 KRW 6,071 KRW +133%
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Frequently asked questions

Is e-Credible Co (092130) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 21,145 KRW versus a price of 14,410 KRW, about +47% (undervalued).
What is the fair value of 092130?
Our model-based fair value for e-Credible Co is 21,145 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 14,410 KRW.
What is the quality score of 092130?
e-Credible Co has a Quality Score of 89/100. 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 e-Credible Co (092130)?
e-Credible Co reported trailing-twelve-month revenue of about 46.3B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 092130?
The net profit margin of e-Credible Co is about 31.4%, meaning it keeps roughly 31.4% of revenue as net income. Based on the latest reported figures.
Does e-Credible Co pay a dividend?
e-Credible Co currently shows a dividend yield of about 5.80% relative to its recent price (as of Jul 20, 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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