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S Connect Co (096630) Fair Value & Analysis

Technology · KR · Market cap 28.5B KRW

SC S Connect Co 096630 · KQ
Price2,045 KRW
Fair Value370.37 KRW
Upside-81.9%
Quality57/100
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Expensive Growth
Loss-making · -0.9% net margin
Low debt · negative free cash flow
Trails peers (2/7)
Narrow moat 22/100
Evidence: Medium Range 277.78 KRW – 462.96 KRW Share as image

Fair value as of: Jul 22, 2026

From 14 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 4,482 KRW to 370.37 KRW (−91.7%) since Jun 25, 2026. Share price +12.7% over the past month.

A solid business, but screening 82% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (462.96 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

12,675 KRW 1,555 KRW Fair Value 370.37 KRW Feb 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 1,555 KRW – 12,675 KRW · fair‑value band 277.78 KRW – 462.96 KRW · the 2,045 KRW price screens above the 370.37 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

S Connect Co (096630) currently trades at 2,045 KRW, while our model-based Fair Value estimate is 370.37 KRW, implying the stock looks roughly 81.9% overvalued today. The Quality Score stands at 57/100 (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, S Connect Co generated revenue of 196B KRW at a net margin of -0.9%. Revenue declined 4.9% year over year. Net debt stands at 20.8B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 277.78 KRW (bear case) to 462.96 KRW (bull case); at 2,045 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 63% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 22% fair-value upside, at -82%, 096630 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
ROIC Compounder 2,129 KRW 2,585 KRW 3,094 KRW 72
Growth-Adj P/E 6,875 KRW 9,821 KRW 12,768 KRW 68
P/E Multiple 9,046 KRW 12,061 KRW 15,077 KRW 63
All 14 models by family
DCF Models
Owner Earnings 4,465 KRW 6,378 KRW 9,108 KRW 31
Earnings-Based
Graham-Dodd 4,101 KRW 9,659 KRW 12,434 KRW 54
PEG = 1.0 1,663 KRW 2,376 KRW 3,089 KRW 46
EPV 2,061 KRW 2,376 KRW 2,652 KRW 59
Multiples
P/E Multiple 9,046 KRW 12,061 KRW 15,077 KRW 63
P/S Multiple 7,689 KRW 10,252 KRW 12,815 KRW 58
P/B Multiple 3,362 KRW 4,482 KRW 5,603 KRW 55
EV/EBIT 3,189 KRW 4,196 KRW 5,203 KRW 53
EV/EBITDA 3,739 KRW 4,929 KRW 6,118 KRW 54
EV/Revenue 2,205 KRW 3,078 KRW 3,950 KRW 43
Asset-Based
NCAV (Graham) 747.04 KRW 1,001 KRW 1,494 KRW 50
Economic Profit
Residual Income 4,549 KRW 6,786 KRW 79,097 KRW 61
ROIC Compounder 2,129 KRW 2,585 KRW 3,094 KRW 72
Growth Earnings
Growth-Adj P/E 6,875 KRW 9,821 KRW 12,768 KRW 68

Widest divergence: Growth Earnings (9,821 KRW) versus Asset-Based (1,001 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 196B KRW
Revenue growth (YoY) -4.9%
Net margin -0.9%
Return on equity -2,254%
Free cash flow −1.9B KRW FY2025
Operating margin -2.7%
More key figures
EPS growth (YoY) +369%
Net debt 20.8B KRW FY2025

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 58 · Market factors (momentum, volatility) 5

Profitability 79
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 12
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 100
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

S Connect Co., LTD. produces and sells various metal parts of IT products in South Korea and internationally. The company offers a range of exterior and interior parts for use in PCs, tablets, and other products. It also provides lithium batteries and surveillance systems. In addition, it offers Yodoc-m, a portable self-diagnosis urine analyzer.

Full company description

S Connect Co., LTD. produces and sells various metal parts of IT products in South Korea and internationally. The company offers a range of exterior and interior parts for use in PCs, tablets, and other products. It also provides lithium batteries and surveillance systems. In addition, it offers Yodoc-m, a portable self-diagnosis urine analyzer. The company was formerly known as Samyoung Connect Co., Ltd. and changed its name to S Connect Co., LTD. in June 2009. S Connect Co., LTD. was founded in 1998 and is headquartered in Gwangju, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

S Connect Co reported revenue of 279B KRW in FY2025 versus 181B KRW in FY2021, a compound +11.3%/yr. Reported net income was 35.8B KRW in FY2025.

Growth Quality 39/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
279B KRW
Latest YoY
−4.5%
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.
+11.6%
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.
+8.5%
Avg. growth/yr (15Y) 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.
+7.1%
Revenue +11.3%/yr
FY21 181B KRW
FY22 200B KRW
FY23 275B KRW
FY24 292B KRW
FY25 279B KRW
Net income
FY21 −13.8B KRW
FY22 4.1B KRW
FY23 −1.0B KRW
FY24 −25.7B KRW
FY25 35.8B KRW

096630 screens 82% overvalued. Compare with STCube, Inc →

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Cite: Fair Value Calculator (2026). "S Connect Co Fair Value". https://www.fairvalue-calculator.com/stock/096630

Peer Group

Electronic Equipment & Parts · 21 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 57 · Above median
Fair Value upside −82% · Bottom 25%
Return on assets -2% · Below median
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) -3% · Below median
Revenue growth -5% · Above median
Debt / equity 0.07× · Higher 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 35
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 96 · sector 98
DIVIDEND 0 · sector 65

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 Electronic Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
STCube, Inc 052020 7,000 KRW 850.56 KRW -88%
VINATech Co 126340 55,700 KRW 9,538 KRW -83%
Partron Co 091700 5,650 KRW 11,424 KRW +102%
Amotech Co 052710 15,560 KRW 9,214 KRW -41%
KHVATEC Co 060720 10,010 KRW 17,111 KRW +71%
MNTech Co 095500 6,820 KRW 8,280 KRW +21%
Namuga Co 190510 12,630 KRW 33,453 KRW +165%
Powerlogics. Co 047310 2,820 KRW 3,441 KRW +22%
e-LITECOM CO., Ltd 041520 8,910 KRW 11,520 KRW +29%
Ajinextek Co 059120 4,315 KRW 1,177 KRW -73%

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Frequently asked questions

Is S Connect Co (096630) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 370.37 KRW versus a price of 2,045 KRW, about −82% (overvalued).
What is the fair value of 096630?
Our model-based fair value for S Connect Co is 370.37 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 2,045 KRW.
What is the quality score of 096630?
S Connect Co has a Quality Score of 57/100. 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 S Connect Co (096630)?
S Connect Co reported trailing-twelve-month revenue of about 196B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 096630?
The net profit margin of S Connect Co is about -0.9%, 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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