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Selvas AI Inc (108860) Fair Value & Analysis

Technology · KR · Market cap 178B KRW

SA Selvas AI Inc 108860 · KQ
Price10,900 KRW
Fair Value2,267 KRW
Upside-79.2%
Quality39/100
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Mixed Growth
Loss-making · -4.2% net margin
Low debt · generates free cash flow
Trails peers (2/9)
Narrow moat 19/100
Evidence: Medium Range 2,166 KRW – 2,358 KRW Share as image

Fair value as of: Jul 22, 2026

From 13 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 2,304 KRW to 2,267 KRW (−1.6%) since Jul 7, 2026. Share price +51.8% over the past month.

Below-average quality, and screening another 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2,358 KRW). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The models converge in a tight band (2,166 KRW to 2,358 KRW), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

34,013 KRW 2,928 KRW Fair Value 2,267 KRW Mar 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 2,928 KRW – 34,013 KRW · fair‑value band 2,166 KRW – 2,358 KRW · the 10,900 KRW price screens above the 2,267 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Selvas AI Inc (108860) currently trades at 10,900 KRW, while our model-based Fair Value estimate is 2,267 KRW, implying the stock looks roughly 79.2% overvalued today. The Quality Score stands at 39/100 (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: medium).

Over the trailing twelve months, Selvas AI Inc generated revenue of 115B KRW at a net margin of -4.2%. Revenue grew 0.8% year over year. It earns a return on equity of -0.2%. Net debt stands at 1.6B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 2,166 KRW (bear case) to 2,358 KRW (bull case); at 10,900 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 38% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -79%, 108860 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
Growth DCF 5,291 KRW 8,476 KRW 14,176 KRW 80
Rev-Margin DCF 3,129 KRW 3,832 KRW 4,793 KRW 74
ROIC Compounder 2,109 KRW 2,188 KRW 2,257 KRW 72
All 13 models by family
DCF Models
FCF DCF 5,372 KRW 8,756 KRW 15,849 KRW 38
5Y Revenue Exit 3,129 KRW 3,803 KRW 4,636 KRW 39
5Y EBITDA Exit 4,887 KRW 7,630 KRW 11,190 KRW 41
10Y Revenue Exit 3,808 KRW 4,746 KRW 6,073 KRW 36
10Y EBITDA Exit 5,019 KRW 7,640 KRW 11,862 KRW 37
Earnings-Based
EPV 2,109 KRW 2,188 KRW 2,257 KRW 59
Multiples
EV/EBIT 2,381 KRW 2,629 KRW 2,876 KRW 53
EV/EBITDA 4,856 KRW 5,930 KRW 7,003 KRW 54
EV/Revenue 2,139 KRW 2,353 KRW 2,568 KRW 43
Asset-Based
NCAV (Graham) 2,045 KRW 2,741 KRW 4,090 KRW 50
Growth DCF
Growth DCF 5,291 KRW 8,476 KRW 14,176 KRW 80
Rev-Margin DCF 3,129 KRW 3,832 KRW 4,793 KRW 74
Economic Profit
ROIC Compounder 2,109 KRW 2,188 KRW 2,257 KRW 72

Widest divergence: DCF Models (7,630 KRW) versus Earnings-Based (2,188 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 115B KRW
Revenue growth (YoY) +0.8%
Net margin -4.2%
Return on equity -0.2%
Free cash flow 7.2B KRW FY2025
Operating margin -1.4%
More key figures
EPS growth (YoY) -93.9%
Net debt 1.6B KRW FY2022

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

Quality Score breakdown

Overall quality 39/100

Of which business quality 42 · Market factors (momentum, volatility) 28

Profitability 13
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 56
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

Selvas AI Inc. operates as an artificial intelligence (AI) company in South Korea. The company offers Selvy Note, an AI Voice Record for recognizing the content of conversations such as research, consultation, and meetings; Selvy MediVoice, an AI medical voice recognition that generates medical records during the medical process through voice; Selvy …

Full company description

Selvas AI Inc. operates as an artificial intelligence (AI) company in South Korea. The company offers Selvy Note, an AI Voice Record for recognizing the content of conversations such as research, consultation, and meetings; Selvy MediVoice, an AI medical voice recognition that generates medical records during the medical process through voice; Selvy SpeechEdu, an AI training voice recognition for text utilization learning, sentence pronunciation accuracy learning, and sophisticated pronunciation at the phoneme/phonetic level. It also provides odiro, an AI voice content creation solution; Selvy Alrimi, an AI announcement solution to enter the broadcast content as text and the announcement voice can be automatically transmitted at the desired time; Selvy Checkup, an AI disease occurrence probability prediction solution; OnFit, an IoT-based smart fitness/fitness membership management program; Selpub, a cloud-based multimedia eBook; and DIODICT, a mobile electronic dictionary. The company was formerly known as DIOTEK Co., Ltd. and changed its name to Selvas AI Inc. in September 2016. Selvas AI Inc. was founded in 1999 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

Selvas AI Inc reported revenue of 115B KRW in FY2025 versus 48.6B KRW in FY2021, a compound +24.0%/yr. Reported net income was −6.0B KRW in FY2025.

Growth Quality 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
115B KRW
Latest YoY
+2.1%
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.
+31.2%
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.
+27.0%
Avg. growth/yr (14Y) 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.
+14.3%
Revenue +24.0%/yr
FY21 48.6B KRW
FY22 50.9B KRW
FY23 53.0B KRW
FY24 112B KRW
FY25 115B KRW
Net income
FY21 3.8B KRW
FY22 6.7B KRW
FY23 −2.6B KRW
FY24 −5.8B KRW
FY25 −6.0B KRW

108860 screens 79% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "Selvas AI Inc Fair Value". https://www.fairvalue-calculator.com/stock/108860

Peer Group

Software - Application · 710 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 39 · Bottom 25%
Fair Value upside −79% · Bottom 25%
Return on assets 0% · Below median
Net margin (TTM) -4% · Below median
Operating margin (TTM) -1% · Below median
Revenue growth 1% · Below median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/FCF 0.0× · 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.

VALUE 0 · sector 0
FUTURE 4 · sector 38
PAST 0 · sector 13
HEALTH 100 · sector 98
DIVIDEND 0 · sector 28

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Selvas AI Inc (108860) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 2,267 KRW versus a price of 10,900 KRW, about −79% (overvalued).
What is the fair value of 108860?
Our model-based fair value for Selvas AI Inc is 2,267 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 10,900 KRW.
What is the quality score of 108860?
Selvas AI Inc has a Quality Score of 39/100. 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 Selvas AI Inc (108860)?
Selvas AI Inc reported trailing-twelve-month revenue of about 115B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 108860?
The net profit margin of Selvas AI Inc is about -4.2%, 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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