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Winpac Inc (097800) Fair Value & Analysis

Technology · KR · Market cap 54.0B KRW

WI Winpac Inc 097800 · KQ
Price2,130 KRW
Fair Value1,506 KRW
Upside-29.3%
Quality45/100
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Weak Growth
Loss-making · -15.9% net margin
Low debt · negative free cash flow
Trails peers (3/9)
Narrow moat 6/100
Evidence: Low Range 1,124 KRW – 2,247 KRW Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 6 days ago

Fair value updated Aug 13, 2026, revised from 1,544 KRW to 1,506 KRW (−2.5%) since Jul 20, 2026. Share price +15.8% over the past month.

Below-average quality, and screening another 29% overvalued on our models.

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What matters now

  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (1,124 KRW to 2,247 KRW) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

12,256 KRW 1,385 KRW Fair Value 1,506 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 1,385 KRW – 12,256 KRW · fair‑value band 1,124 KRW – 2,247 KRW · the 2,130 KRW price screens above the 1,506 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

Winpac Inc (097800) currently trades at 2,130 KRW, while our model-based Fair Value estimate is 1,506 KRW, implying the stock looks roughly 29.3% overvalued today. The Quality Score stands at 45/100 (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, Winpac Inc generated revenue of 83.1B KRW at a net margin of -15.9%. Revenue grew 51.6% year over year. It earns a return on equity of -21.3%. Net debt stands at 51.7B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1,124 KRW (bear case) to 2,247 KRW (bull case); at 2,130 KRW, the current price sits within 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 43% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -59% fair-value upside, at -29%, 097800 screens cheaper 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
EV/EBITDA 1,506 KRW 75,697 KRW 54
NCAV (Graham) 1,651,995 KRW 2,213,663 KRW 3,303,976 KRW 50
All 2 models by family
Multiples
EV/EBITDA 1,506 KRW 75,697 KRW 54
Asset-Based
NCAV (Graham) 1,651,995 KRW 2,213,663 KRW 3,303,976 KRW 50

Widest divergence: Asset-Based (2,213,663 KRW) versus Multiples (1,506 KRW). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 83.1B KRW
Revenue growth (YoY) +51.6%
Net margin -15.9%
Return on equity -21.3%
Free cash flow −13.5B KRW FY2025
Operating margin -9.3%
More key figures
EPS growth (YoY) -66.3%
Net debt 51.7B KRW FY2025

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 42 · Market factors (momentum, volatility) 25

Profitability 7
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 19
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

WINPAC Inc. produces and sells semiconductor packaging and testing solutions in South Korea. Its packaging products comprise fine pitch ball grid array typed packages for flash/SRAM/fast SRAM, flash/SRAM MCP/DRAM, and ASIC/logic/analog IC packaging; land grid array type packages for PC, memory, DDR2, graphic memory, and mobile phone packaging; and POP and …

Full company description

WINPAC Inc. produces and sells semiconductor packaging and testing solutions in South Korea. Its packaging products comprise fine pitch ball grid array typed packages for flash/SRAM/fast SRAM, flash/SRAM MCP/DRAM, and ASIC/logic/analog IC packaging; land grid array type packages for PC, memory, DDR2, graphic memory, and mobile phone packaging; and POP and flip chip package products. The company's packaging products also include quad flat packages for analog, ASIC, DSP, PLD, sensor, and micro-controller packaging; quad flat no lead packages for analog, ASIC, wireless RF, MEMS, cell phone, and laptop packaging; humidity sensor packages for automotive, home appliance, industrial HVAC, smart home products, and washing machine packaging; and proximity/ambient light sensor packages for smart phone, automotive, and home appliance, as well as smart, lighting, and display devices packaging. In addition, it offers USB flash drives for portable storage applications; and solid state drives for PC, mobile phone, and digital camera storage applications. Further, the company provides design and simulation services, as well as semiconductor testing services, including SOC and memory testing. WINPAC Inc. was founded in 2002 and is based in Yongin-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Winpac Inc reported revenue of 75.5B KRW in FY2025 versus 101B KRW in FY2021, a compound −7.1%/yr. Reported net income was −13.7B KRW in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
75.5B KRW
Latest YoY
+1.9%
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.
−20.9%
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.
−7.3%
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.
+3.8%
Revenue −7.1%/yr
FY21 101B KRW
FY22 153B KRW
FY23 86.2B KRW
FY24 74.1B KRW
FY25 75.5B KRW
Net income
FY21 −8.3B KRW
FY22 −1.6B KRW
FY23 −33.3B KRW
FY24 −30.0B KRW
FY25 −13.7B KRW

097800 screens 29% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Winpac Inc Fair Value". https://www.fairvalue-calculator.com/stock/097800

Peer Group

Semiconductors · 327 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 42 · Bottom 25%
Fair Value upside −29% · Above median
Return on assets -5% · Bottom 25%
Net margin (TTM) -16% · Bottom 25%
Operating margin (TTM) -9% · Bottom 25%
Revenue growth 52% · Top 25%
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Semiconductors median · lower = cheaper

EV/EBITDA 0.8× · Cheaper than 75% of peers

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 60
PAST0 · sector 22
HEALTH94 · sector 96
DIVIDEND0 · sector 19

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.

Similar stocks

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

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $225.01 $98.98 -56%
Taiwan Semiconductor Manufacturing Company TSM $429.15 $291.42 -32%
Broadcom Inc 1AVGO €366.85 €121.25 -67%
Micron Technology, Inc 1MU €802.10 €185.67 -77%
SK hynix Inc 000660 1,504,000 KRW 1,481,291 KRW -2%
Advanced Micro Devices, Inc 1AMD €428.20 €56.33 -87%
Intel Corporation INTC C$54.50 C$16.95 -69%
MediaTek Inc 2454 3,845 TWD 1,559 TWD -59%
SK Square Co 402340 1,024,000 KRW 1,204,862 KRW +18%
Semiconductor Manufacturing International Corporation 0981 HK$73.00 HK$13.18 -82%

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Frequently asked questions

Is Winpac Inc (097800) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1,506 KRW versus a price of 2,130 KRW, about −29% (overvalued).
What is the fair value of 097800?
Our model-based fair value for Winpac Inc is 1,506 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 2,130 KRW.
What is the quality score of 097800?
Winpac Inc has a Quality Score of 45/100. 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 Winpac Inc (097800)?
Winpac Inc reported trailing-twelve-month revenue of about 83.1B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 097800?
The net profit margin of Winpac Inc is about -15.9%, 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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