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Tamul Multimedia Co. Ltd (093640) Fair Value & Analysis

Technology · KR · Market cap 105B KRW

TM Tamul Multimedia Co. Ltd 093640 · KQ
Price4,110 KRW
Fair Value838.12 KRW
Upside-79.6%
Quality22/100
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Risks

!Trades 80% ABOVE our fair value of 838.12 KRW
!Weak Growth
!Loss-making · -48.4% net margin
!Low debt · negative free cash flow
Weak Growth
Loss-making · -48.4% net margin
Low debt · negative free cash flow
Trails peers (2/7)
Narrow moat 24/100
Evidence: Low Range 553.16 KRW – 1,048 KRW Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 8 days ago

Fair value updated Aug 13, 2026, revised from 277.42 KRW to 838.12 KRW (+202.1%) since Jul 22, 2026. Share price +29.0% over the past month.

Below-average quality, and screening another 80% overvalued on our models.

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69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (1,048 KRW). The favourable scenario is already priced in.
  • Weak quality (22/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (553.16 KRW to 1,048 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

11,910 KRW 2,600 KRW Fair Value 838.12 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 2,600 KRW – 11,910 KRW · fair‑value band 553.16 KRW – 1,048 KRW · the 4,110 KRW price screens above the 838.12 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Tamul Multimedia Co. Ltd (093640) currently trades at 4,110 KRW, while our model-based Fair Value estimate is 838.12 KRW, implying the stock looks roughly 79.6% overvalued today. The Quality Score stands at 22/100 (below-average 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: low).

Over the trailing twelve months, Tamul Multimedia Co. Ltd generated revenue of 13.9B KRW at a net margin of -48.4%. Revenue grew 37.8% year over year. Net debt stands at 14.0B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 553.16 KRW (bear case) to 1,048 KRW (bull case); at 4,110 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 34% below its 52-week high and 34% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -56% fair-value upside, at -80%, 093640 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
NCAV (Graham) 3,261 KRW 4,370 KRW 6,522 KRW 50
All 1 models by family
Asset-Based
NCAV (Graham) 3,261 KRW 4,370 KRW 6,522 KRW 50

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Key figures & financial health

Revenue (TTM) 13.9B KRW
Revenue growth (YoY) +37.8%
Net margin -48.4%
Return on equity -2,680%
Free cash flow −6.1B KRW FY2025
Operating margin 5.6%
More key figures
EPS growth (YoY) -18.1%
Net debt 14.0B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 22/100

Of which business quality 24 · Market factors (momentum, volatility) 32

Profitability 2
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 10
Disciplined investing over empire-building
Low Volatility 37
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 40
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

Tamul Multimedia Co., Ltd designs and develops semiconductor solutions. The company offers decoders; solutions for audio CD application; multimedia processors; and system-on-a-chip for display audio. Tamul Multimedia Co., Ltd was founded in 1998 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tamul Multimedia Co. Ltd reported revenue of 9.0B KRW in FY2025 versus 11.4B KRW in FY2021, a compound −5.6%/yr. Reported net income was −14.1B KRW in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
9.0B KRW
Latest YoY
−19.3%
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.
−11.1%
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.
+0.4%
Avg. growth/yr (11Y) 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.
−9.3%
Revenue −5.6%/yr
FY21 11.4B KRW
FY22 12.9B KRW
FY23 12.4B KRW
FY24 11.2B KRW
FY25 9.0B KRW
Net income
FY21 2.8B KRW
FY22 −9.5B KRW
FY23 −29.8B KRW
FY24 −25.9B KRW
FY25 −14.1B KRW

093640 screens 80% overvalued. Compare with TES Co →

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Cite: Fair Value Calculator (2026). "Tamul Multimedia Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/093640

Peer Group

Semiconductors & Semiconductor Equipment · 49 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 24 · Bottom 25%
Fair Value upside −80% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) -48% · Bottom 25%
Operating margin (TTM) 6% · Below median
Revenue growth 38% · Above median
Debt / equity 0.00× · Lower 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 98
PAST0 · sector 100
HEALTH100 · sector 99
DIVIDEND0 · sector 17

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

Similar stocks

10 more Semiconductors & Semiconductor Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
TES Co 095610 144,000 KRW 57,543 KRW -60%
Eugene Technology Co 084370 128,500 KRW 47,495 KRW -63%
TSE Co 131290 256,000 KRW 83,925 KRW -67%
ISC Co 095340 159,800 KRW 61,198 KRW -62%
PSK HOLDINGS Inc 031980 112,200 KRW 74,962 KRW -33%
Jeju Semiconductor Corp 080220 87,000 KRW 23,830 KRW -73%
Tokai Carbon Korea Co 064760 225,500 KRW 154,525 KRW -31%
HANA Micron Inc 067310 36,650 KRW 16,102 KRW -56%
RFHIC Corporation 218410 51,000 KRW 29,096 KRW -43%
S&S Tech Corporation 101490 44,850 KRW 60,781 KRW +36%

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Frequently asked questions

Is Tamul Multimedia Co. Ltd (093640) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 838.12 KRW versus a price of 4,110 KRW, about −80% (overvalued).
What is the fair value of 093640?
Our model-based fair value for Tamul Multimedia Co. Ltd is 838.12 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 4,110 KRW.
What is the quality score of 093640?
Tamul Multimedia Co. Ltd has a Quality Score of 22/100. 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 Tamul Multimedia Co. Ltd (093640)?
Tamul Multimedia Co. Ltd reported trailing-twelve-month revenue of about 13.9B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 093640?
The net profit margin of Tamul Multimedia Co. Ltd is about -48.4%, meaning it is currently running at a net loss. 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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