MCNEX Co. Ltd (097520) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of MCNEX Co. Ltd KRW 51,313, price KRW 18,340, upside +179.8%, quality 65 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 15,563 KRW – 51,400 KRW · fair‑value band 29,874 KRW – 78,818 KRW · the 18,340 KRW price screens below the 51,313 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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MCNEX Co., Ltd manufactures and sells camera modules in South Korea and internationally. The company offers mobile and automotive camera modules. It also offers actuator, biometric sensing, and IOT solutions. In addition, the company provides AR, VR, and 3D solutions. MCNEX Co., Ltd was founded in 2004 and is based in Incheon, South Korea.
Stock analysis
MCNEX Co. Ltd (097520) currently trades at 18,340 KRW, while our model-based Fair Value estimate is 51,313 KRW, implying the stock looks roughly 64.3% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 79,046 KRW per share, and 23 of the 24 models we run sit above the 18,340 KRW price.
Bear case: the Asset-Based group reads lowest at 15,882 KRW, and 1 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 29,874 KRW (bear) to 78,818 KRW (bull), the price of 18,340 KRW sits below 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 65/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
MCNEX Co. Ltd reported revenue of 1.3T KRW in FY2025 versus 1.0T KRW in FY2021, a compound +6.1%/yr. Reported net income was 51.6B KRW in FY2025, compounding +6.9%/yr from FY2021.
Key figures
Market cap 300B KRW (≈ $220M) · P/S ratio 0.24 · Dividend yield 5.5% · Net margin 4.0% · Return on equity 12.1% · Return on assets (EBIT) 5.4% · Operating margin 3.8% · Revenue (TTM) 1.2T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at 180%, 097520 screens cheaper than that median.
Fair Value models
Bear 29,874 KRWFair Value 51,313 KRWBull 78,818 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+21.0%
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.
+4.9%
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.
−0.5%
Start year 2020 (pandemic)
Revenue growth 6 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.
+0.2%
’19
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’21
’22
’23
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’25
What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+14.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.3%
Dividend (yield on the price)5.5%
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.5% → 4%
2025 sits 99% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
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).
+4.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +2.4% a year for the price and +2.3% for the forecasts.
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.Electronic Components · 654 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+180% · Top 25%
Profitability
Return on equity (TTM)12% · Top 25%
Return on assets4% · Above median
Net margin (TTM)4% · Below median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth−13% · Bottom 25%
Dividend yield (TTM)5.5% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Is MCNEX Co. Ltd (097520) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 51,313 KRW versus a price of 18,340 KRW, about +180% upside (undervalued).
What is the fair value of 097520?
Our model-based fair value for MCNEX Co. Ltd is 51,313 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 18,340 KRW.
What is the quality score of 097520?
MCNEX Co. Ltd has a Quality Score of 65/100. 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 MCNEX Co. Ltd (097520)?
Our model-based price target is the fair value of 51,313 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 29,874 KRW, optimistic scenario 78,818 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the MCNEX Co. Ltd stock forecast for 2026?
Our models put fair value at 51,313 KRW, about +180% upside versus a price of 18,340 KRW (undervalued). Cautious scenario 29,874 KRW, optimistic scenario 78,818 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of MCNEX Co. Ltd (097520)?
MCNEX Co. Ltd reported trailing-twelve-month revenue of about 1.2T KRW (latest available figure, as of Sep 24, 2026).
Does MCNEX Co. Ltd pay a dividend?
MCNEX Co. Ltd currently shows a dividend yield of about 5.45% relative to its recent price (as of Sep 24, 2026).
What growth is priced into MCNEX Co. Ltd (097520)?
For today's price to be fair in a discounted-cash-flow model, MCNEX Co. Ltd would have to grow free cash flow by +4.5 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 097520 use?
Our models discount MCNEX Co. Ltd at 12.6 %: a base by market capitalisation (micro), damped by beta 0.85, 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 MCNEX Co. Ltd that is +4.5 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has MCNEX Co. Ltd (097520) delivered so far?
Over the past 5 years revenue at MCNEX Co. Ltd grew -0.5 % a year. The price currently implies +4.5 % 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 MCNEX Co. Ltd (097520) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into MCNEX Co. Ltd (+4.5 % 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 MCNEX Co. Ltd (097520)?
The free-cash-flow yield on the price is 9.51 %: that much free cash flow MCNEX Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of MCNEX Co. Ltd (097520)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MCNEX Co. Ltd it is 51,313 KRW per share (as of Sep 24, 2026), against a price of 18,340 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is MCNEX Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 097520 trades below its calculated fair value: price 18,340 KRW, fair value 51,313 KRW, a gap of about +180% (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 097520?
No. The price is what the market pays today (18,340 KRW); the fair value is what the company's own numbers justify (51,313 KRW). For MCNEX Co. Ltd the two are 32,973 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is MCNEX Co. Ltd worth?
The market values MCNEX Co. Ltd at about 300B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 18,340 KRW; our models calculate a fair value of 51,313 KRW per share.
What do the bullish and bearish scenarios say about 097520?
Our models span a range for MCNEX Co. Ltd: cautious scenario 29,874 KRW, base 51,313 KRW, optimistic 78,818 KRW per share (as of Sep 24, 2026, price 18,340 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of MCNEX Co. Ltd (097520)?
Balance-sheet figures for MCNEX Co. Ltd (as of Sep 24, 2026): return on equity 12.1%, debt of 0.00 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 097520 from its 52-week high?
MCNEX Co. Ltd trades at 18,340 KRW, about 42% below its 52-week high of 31,550 KRW and 11% above the low of 16,530 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 51,313 KRW is for.
Which stocks are comparable to MCNEX Co. Ltd?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 MCNEX Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 18,340 KRW, calculated fair value 51,313 KRW (+180%), Quality Score 65/100, 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 097520 calculated?
We run MCNEX Co. Ltd 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 51,313 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. MCNEX Co. Ltd currently trades 180 % 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 MCNEX Co. Ltd (097520)?
The closing price on Sep 23, 2026 was 18,340 KRW. Our model-based fair value is 51,313 KRW, about +180% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MCNEX Co. Ltd right now?
The price is below even our cautious bear case (29,874 KRW). The market is more pessimistic than our downside scenario. The model range is unusually wide (29,874 KRW to 78,818 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of MCNEX Co. Ltd
How large is the market capitalisation of MCNEX Co. Ltd (097520)?
The market capitalisation of MCNEX Co. Ltd is 300B KRW (≈ $220M). 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 MCNEX Co. Ltd (097520)?
The price-to-sales ratio of MCNEX Co. Ltd is 0.24 (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 MCNEX Co. Ltd (097520)?
The dividend yield of MCNEX Co. Ltd is 5.5%. 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 MCNEX Co. Ltd (097520)?
The net margin of MCNEX Co. Ltd is 4.0% (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 MCNEX Co. Ltd (097520)?
The return on equity (ROE) of MCNEX Co. Ltd is 12.1% (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 MCNEX Co. Ltd (097520)?
On an EBIT basis the return on assets of MCNEX Co. Ltd is 5.4% (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 MCNEX Co. Ltd (097520)?
The operating margin of MCNEX Co. Ltd is 3.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MCNEX Co. Ltd (097520)?
Revenue at MCNEX Co. Ltd is growing −12.8% versus a year earlier (3y avg +4.9%). 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 MCNEX Co. Ltd (097520)?
Earnings per share at MCNEX Co. Ltd are growing −25.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does MCNEX Co. Ltd (097520) carry?
The net debt of MCNEX Co. Ltd is 11.0B KRW (fiscal year 2025, ≈ 0.4 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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