KINX Inc (093320) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of KINX Inc KRW 146,300, price KRW 133,000, upside +10.0%, quality 61 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 39,584 KRW – 163,000 KRW · fair‑value band 81,670 KRW – 194,258 KRW · the 133,000 KRW price screens below the 146,300 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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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.
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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.
Stock analysis
KINX Inc (093320) currently trades at 133,000 KRW, while our model-based Fair Value estimate is 146,300 KRW, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 92,494 KRW per share, and 2 of the 24 models we run sit above the 133,000 KRW price.
Bear case: the Economic Profit group reads lowest at 28,603 KRW, and 22 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 81,670 KRW (bear) to 194,258 KRW (bull), the price of 133,000 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 61/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap 643B KRW (≈ $473M) · P/S ratio 5.79 · Dividend yield 0.6% · Net margin 10.7% · Return on equity 949% · Return on assets (EBIT) 9.8% · Operating margin 24.9% · Revenue (TTM) 105B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 61% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 64% fair-value upside, at 10%, 093320 screens richer than that median.
Fair Value models
Bear 81,670 KRWFair Value 146,300 KRWBull 194,258 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.6%
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.
+12.8%
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.
+17.7%
Start year 2020 (pandemic). Over 10 years: +14.2% a year
Revenue growth 14 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.
+15.9%
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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.
+2.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.7%
Dividend (yield on the price)0.6%
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.2% vs 11%, 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.25% → 15%
Start year 2020 (pandemic)
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).
+21.9%
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 +19.4% 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.Software & IT Services · 39 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+10% · Below median
Profitability
Return on assets10% · Top 25%
Net margin (TTM)23% · Top 25%
Operating margin (TTM)25% · Top 25%
Growth and dividend
Revenue growth24% · Top 25%
Dividend yield (TTM)0.6% · Below median
Balance sheet
Debt / equity0.30× · Highest 25%
Valuation Multiplesvs Software & IT Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "KINX Inc Fair Value". https://www.fairvalue-calculator.com/stock/093320
Frequently asked questions
Is KINX Inc (093320) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 146,300 KRW versus a price of 133,000 KRW, about +10% upside (undervalued).
What is the fair value of 093320?
Our model-based fair value for KINX Inc is 146,300 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 133,000 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 price target for KINX Inc (093320)?
Our model-based price target is the fair value of 146,300 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 81,670 KRW, optimistic scenario 194,258 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the KINX Inc stock forecast for 2026?
Our models put fair value at 146,300 KRW, about +10% upside versus a price of 133,000 KRW (undervalued). Cautious scenario 81,670 KRW, optimistic scenario 194,258 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of KINX Inc (093320)?
KINX Inc reported trailing-twelve-month revenue of about 105B KRW (latest available figure, as of Sep 24, 2026).
Does KINX Inc pay a dividend?
KINX Inc currently shows a dividend yield of about 0.60% relative to its recent price (as of Sep 24, 2026).
What growth is priced into KINX Inc (093320)?
For today's price to be fair in a discounted-cash-flow model, KINX Inc would have to grow free cash flow by +21.9 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 093320 use?
Our models discount KINX Inc at 11.6 %: a base by market capitalisation (small), 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 KINX Inc that is +21.9 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has KINX Inc (093320) delivered so far?
Over the past 5 years revenue at KINX Inc grew +17.7 % a year. The price currently implies +21.9 % 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 KINX Inc (093320) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into KINX Inc (+21.9 % 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 KINX Inc (093320)?
The free-cash-flow yield on the price is 3.46 %: that much free cash flow KINX Inc produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of KINX Inc (093320)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KINX Inc it is 146,300 KRW per share (as of Sep 24, 2026), against a price of 133,000 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is KINX Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 093320 trades below its calculated fair value: price 133,000 KRW, fair value 146,300 KRW, a gap of about +10% (undervalued). 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 093320?
No. The price is what the market pays today (133,000 KRW); the fair value is what the company's own numbers justify (146,300 KRW). For KINX Inc the two are 13,300 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is KINX Inc worth?
The market values KINX Inc at about 643B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 133,000 KRW; our models calculate a fair value of 146,300 KRW per share.
What do the bullish and bearish scenarios say about 093320?
Our models span a range for KINX Inc: cautious scenario 81,670 KRW, base 146,300 KRW, optimistic 194,258 KRW per share (as of Sep 24, 2026, price 133,000 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of KINX Inc (093320)?
Balance-sheet figures for KINX Inc (as of Sep 24, 2026): debt of 0.30 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 093320 from its 52-week high?
KINX Inc trades at 133,000 KRW, about 18% below its 52-week high of 163,000 KRW and 61% above the low of 82,577 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 146,300 KRW is for.
Which stocks are comparable to KINX Inc?
From the same area (Technology) we also value Wemade Co, Gabia Inc, Hancom Inc, Webzen Inc, 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 KINX Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 133,000 KRW, calculated fair value 146,300 KRW (+10%), Quality Score 61/100, 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 093320 calculated?
We run KINX Inc 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 146,300 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 14.0 % above its aggregate fair value. KINX Inc currently trades 10 % below its own fair value, and the market average says nothing about that. 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 KINX Inc (093320)?
The closing price on Sep 23, 2026 was 133,000 KRW. Our model-based fair value is 146,300 KRW, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KINX Inc right now?
A fairly wide model range (81,670 KRW to 194,258 KRW) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of KINX Inc
How large is the market capitalisation of KINX Inc (093320)?
The market capitalisation of KINX Inc is 643B KRW (≈ $473M). 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 KINX Inc (093320)?
The price-to-sales ratio of KINX Inc is 5.79 (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 KINX Inc (093320)?
The dividend yield of KINX Inc is 0.6%. 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 KINX Inc (093320)?
The net margin of KINX Inc is 10.7% (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 KINX Inc (093320)?
The return on equity (ROE) of KINX Inc is 949% (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 KINX Inc (093320)?
On an EBIT basis the return on assets of KINX Inc is 9.8% (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 KINX Inc (093320)?
The operating margin of KINX Inc is 24.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KINX Inc (093320)?
Revenue at KINX Inc is growing +24.4% versus a year earlier (3y avg +12.8%). 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 KINX Inc (093320)?
Earnings per share at KINX Inc are growing +95.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does KINX Inc (093320) carry?
The net debt of KINX Inc is 42.1B KRW (fiscal year 2025, ≈ 1.9 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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