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KINX, Inc (093320) Fair Value & Analysis

Technology · KR · Market cap 608B KRW

KI KINX, Inc 093320 · KQ
Price163,000 KRW
Fair Value74,800 KRW
Upside-54.1%
Quality61/100
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Healthy Growth
Highly profitable · 23.5% net margin
Low debt · generates free cash flow
0.60% dividend yield
Mixed vs. peers (5/9)
Wide moat 76/100
Evidence: Medium Range 53,790 KRW – 95,810 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Share price +22.7% over the past month.

A solid business, but screening 54% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (95,810 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

163,000 KRW 39,584 KRW Fair Value 74,800 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 39,584 KRW – 163,000 KRW · fair‑value band 53,790 KRW – 95,810 KRW · the 163,000 KRW price screens above the 74,800 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.

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Analysis

KINX, Inc (093320) currently trades at 163,000 KRW, while our model-based Fair Value estimate is 74,800 KRW, implying the stock looks roughly 54.1% overvalued today. The Quality Score stands at 61/100 (solid 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, KINX, Inc generated revenue of 105B KRW at a net margin of 23.5%. Revenue grew 24.4% year over year. Net debt stands at 42.1B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 53,790 KRW (bear case) to 95,810 KRW (bull case); at 163,000 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 near its 52-week high and 107% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at 99% fair-value upside, at -54%, 093320 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 61,806 KRW 137,426 KRW 261,106 KRW 80
Residual Income 38,349 KRW 41,677 KRW 55,973 KRW 76
Rev-Margin DCF 46,546 KRW 90,601 KRW 151,122 KRW 74
All 24 models by family
DCF Models
FCF DCF 63,240 KRW 131,809 KRW 286,007 KRW 38
Owner Earnings 54,231 KRW 119,956 KRW 249,176 KRW 31
5Y Revenue Exit 46,546 KRW 92,137 KRW 156,016 KRW 39
5Y EBITDA Exit 77,968 KRW 160,751 KRW 269,848 KRW 41
5Y P/E Exit 53,784 KRW 107,941 KRW 172,707 KRW 38
10Y Revenue Exit 49,507 KRW 96,663 KRW 173,807 KRW 36
10Y EBITDA Exit 73,174 KRW 149,847 KRW 276,988 KRW 37
10Y P/E Exit 56,373 KRW 108,913 KRW 188,936 KRW 35
Earnings-Based
Graham-Dodd 25,544 KRW 142,438 KRW 197,779 KRW 54
Lynch FV 39,811 KRW 56,873 KRW 73,935 KRW 50
PEG = 1.0 39,811 KRW 56,873 KRW 73,935 KRW 46
EPV 32,353 KRW 39,631 KRW 46,101 KRW 59
Multiples
P/E Multiple 61,982 KRW 82,642 KRW 103,303 KRW 63
P/S Multiple 47,895 KRW 63,860 KRW 79,825 KRW 58
P/B Multiple 47,895 KRW 63,860 KRW 79,825 KRW 55
EV/EBIT 54,137 KRW 75,146 KRW 96,156 KRW 53
EV/EBITDA 89,080 KRW 121,737 KRW 154,395 KRW 54
EV/Revenue 38,905 KRW 59,389 KRW 79,874 KRW 43
Asset-Based
NCAV (Graham) 22,429 KRW 30,055 KRW 44,858 KRW 50
Growth DCF
Growth DCF 61,806 KRW 137,426 KRW 261,106 KRW 80
Rev-Margin DCF 46,546 KRW 90,601 KRW 151,122 KRW 74
Economic Profit
Residual Income 38,349 KRW 41,677 KRW 55,973 KRW 76
ROIC Compounder 32,353 KRW 39,631 KRW 48,200 KRW 72
Growth Earnings
Growth-Adj P/E 61,199 KRW 87,427 KRW 113,655 KRW 68

Widest divergence: DCF Models (108,913 KRW) versus Asset-Based (30,055 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 105B KRW
Revenue growth (YoY) +24.4%
Net margin 23.5%
Return on equity 949%
Free cash flow 22.2B KRW FY2025
Operating margin 24.9%
More key figures
Dividend yield 0.6%
EPS growth (YoY) +95.2%
Net debt 42.1B KRW FY2025

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 60 · Market factors (momentum, volatility) 80

Profitability 37
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 100
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

KINX, Inc. provides Internet exchange (IX) services to various carriers, content providers, multiple system operators, financial institutions, and government agencies in South Korea and internationally.

Full company description

KINX, Inc. provides Internet exchange (IX) services to various carriers, content providers, multiple system operators, financial institutions, and government agencies in South Korea and internationally. The company offers IX network services, including peering, transit, cloud hub, China direct connect, server hosting, and co-location services; and content delivery network (CDN) services, such as Web/mobile transmission, video streaming, game/file downloading, cloud storage, and global and multi CDN services. It also provides cloud services comprising instance, network, volume, delivery, managed, and cloud consulting services. In addition, the company offers integrated security system services that include K-CLEAN SOS, K-CLEAN anti-DDoS, K-CLEAN GRE, firewall, IPS/IDS, and Web application firewall services. KINX, Inc. was founded in 2000 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

KINX, Inc reported revenue of 159B KRW in FY2025 versus 84.5B KRW in FY2021, a compound +17.2%/yr. Reported net income was 17.1B KRW in FY2025, compounding +1.9%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
159B KRW
Latest YoY
+14.6%
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.
+12.8%
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.
+17.7%
Avg. growth/yr (14Y) 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.
+15.9%
Revenue +17.2%/yr
FY21 84.5B KRW
FY22 111B KRW
FY23 123B KRW
FY24 139B KRW
FY25 159B KRW
Net income +1.9%/yr
FY21 15.9B KRW
FY22 25.5B KRW
FY23 24.7B KRW
FY24 18.1B KRW
FY25 17.1B KRW

093320 screens 54% overvalued. Compare with Wemade Co →

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Cite: Fair Value Calculator (2026). "KINX, Inc Fair Value". https://www.fairvalue-calculator.com/stock/093320

Peer Group

Software & IT Services · 31 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 61 · Above median
Fair Value upside −54% · Below median
Return on assets 10% · Top 25%
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 25% · Top 25%
Revenue growth 24% · Top 25%
Dividend yield (TTM) 0.6% · Bottom 25%
Debt / equity 0.30× · Higher than 75% of peers

Valuation Multiples vs Software & IT Services 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 100 · sector 19
PAST 0 · sector 100
HEALTH 85 · sector 98
DIVIDEND 12 · sector 26

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.

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Frequently asked questions

Is KINX, Inc (093320) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 74,800 KRW versus a price of 163,000 KRW, about −54% (overvalued).
What is the fair value of 093320?
Our model-based fair value for KINX, Inc is 74,800 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 163,000 KRW.
What is the quality score of 093320?
KINX, Inc has a Quality Score of 61/100. 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 KINX, Inc (093320)?
KINX, Inc reported trailing-twelve-month revenue of about 105B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 093320?
The net profit margin of KINX, Inc is about 23.5%, meaning it keeps roughly 23.5% of revenue as net income. Based on the latest reported figures.
Does KINX, Inc pay a dividend?
KINX, Inc currently shows a dividend yield of about 0.60% relative to its recent price (as of Jul 22, 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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