Iones Co. Ltd (114810) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Iones Co. Ltd KRW 16,167, price KRW 14,770, upside +9.5%, quality 61 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 5,430 KRW – 19,670 KRW · fair‑value band 7,282 KRW – 30,145 KRW · the 14,770 KRW price screens below the 16,167 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Hansol IONES Co., Ltd. manufactures and sells semiconductors and LCD-related components in South Korea, China, the United States, and internationally.
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Hansol IONES Co., Ltd. manufactures and sells semiconductors and LCD-related components in South Korea, China, the United States, and internationally. It offers machining services for semiconductors parts, including chamber, ESC, flange, liner, plate, ring, shield, shower head, shutter, and upper chamber; display parts, such as backing plate, door VV, floating mask, ground shield, and spin chuck; and aviation parts comprising clevies assy, fitting assy, hinge assy, track outer, and track support. The company also provides etch cleaning for outer liner, isolator, and ESC; metal cleaning for one-piece shield, depo ring, and shutter disk; CVD cleaning for gas box, upper chamber ring, and shower head; and diffusion cleaning for ALD seal cap, flange, and manifold. In addition, it offers coating services for belljar, ceramic dome, cover bellows, depo shield upper, and EPD window; and anodizing services. The company was formerly known as IONES Co., Ltd. and changed its name to Hansol IONES Co., Ltd. in August 2022. Hansol IONES Co., Ltd. was founded in 1993 and is headquartered in Anseong-si, South Korea.
Stock analysis
Iones Co. Ltd (114810) currently trades at 14,770 KRW, while our model-based Fair Value estimate is 16,167 KRW, implying the stock looks roughly 8.6% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 23,189 KRW per share, and 12 of the 24 models we run sit above the 14,770 KRW price.
Bear case: the Asset-Based group reads lowest at 5,096 KRW, and 12 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 7,282 KRW (bear) to 30,145 KRW (bull), the price of 14,770 KRW sits inside 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 61/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Iones Co. Ltd reported revenue of 199B KRW in FY2025 versus 164B KRW in FY2021, a compound +5.0%/yr. Reported net income was 28.4B KRW in FY2025, compounding +0.7%/yr from FY2021.
Key figures
Market cap 408B KRW (≈ $300M) · P/S ratio 1.89 · Net margin 14.3% · Return on equity 4.2% · Return on assets (EBIT) 12.6% · Operating margin 14.5% · Revenue (TTM) 175B KRW · Revenue growth (YoY) +0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 104% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −22% fair-value upside, at 9%, 114810 screens cheaper than that median.
Fair Value models
Bear 7,282 KRWFair Value 16,167 KRWBull 30,145 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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+26.5%
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.
+6.6%
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.
+6.3%
Start year 2020 (pandemic). Over 10 years: +11.1% a year
Revenue growth 11 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.
+10.1%
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What shareholders gained per year (last 5 years), in KRW ⓘ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. 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.
+12.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.12% vs 23%, slowing
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.4% → 17%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+54.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +51.4% a year for the price.
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.Semiconductor Equipment & Materials · 219 stocks
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Is Iones Co. Ltd (114810) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 16,167 KRW versus a price of 14,770 KRW, about +9% upside (fairly valued).
What is the fair value of 114810?
Our model-based fair value for Iones Co. Ltd is 16,167 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 14,770 KRW.
What is the quality score of 114810?
Iones Co. Ltd has a Quality Score of 61/100. 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 Iones Co. Ltd (114810)?
Our model-based price target is the fair value of 16,167 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 7,282 KRW, optimistic scenario 30,145 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Iones Co. Ltd stock forecast for 2026?
Our models put fair value at 16,167 KRW, about +9% upside versus a price of 14,770 KRW (fairly valued). Cautious scenario 7,282 KRW, optimistic scenario 30,145 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Iones Co. Ltd (114810)?
Iones Co. Ltd reported trailing-twelve-month revenue of about 175B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into Iones Co. Ltd (114810)?
For today's price to be fair in a discounted-cash-flow model, Iones Co. Ltd would have to grow free cash flow by +54.5 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 114810 use?
Our models discount Iones Co. Ltd at 11.6 %: a base by market capitalisation (micro), damped by beta 0.26, 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 Iones Co. Ltd that is +54.5 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Iones Co. Ltd (114810) delivered so far?
Over the past 5 years revenue at Iones Co. Ltd grew +6.3 % a year. The price currently implies +54.5 % 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 Iones Co. Ltd (114810) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Iones Co. Ltd (+54.5 % 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 Iones Co. Ltd (114810)?
The free-cash-flow yield on the price is 0.65 %: that much free cash flow Iones Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Iones Co. Ltd (114810)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Iones Co. Ltd it is 16,167 KRW per share (as of Sep 24, 2026), against a price of 14,770 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Iones Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 114810 trades below its calculated fair value: price 14,770 KRW, fair value 16,167 KRW, a gap of about +9% (fairly valued). 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 114810?
No. The price is what the market pays today (14,770 KRW); the fair value is what the company's own numbers justify (16,167 KRW). For Iones Co. Ltd the two are 1,397 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Iones Co. Ltd worth?
The market values Iones Co. Ltd at about 408B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 14,770 KRW; our models calculate a fair value of 16,167 KRW per share.
What do the bullish and bearish scenarios say about 114810?
Our models span a range for Iones Co. Ltd: cautious scenario 7,282 KRW, base 16,167 KRW, optimistic 30,145 KRW per share (as of Sep 24, 2026, price 14,770 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Iones Co. Ltd (114810)?
Balance-sheet figures for Iones Co. Ltd (as of Sep 24, 2026): return on equity 4.2%, debt of 0.04 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 114810 from its 52-week high?
Iones Co. Ltd trades at 14,770 KRW, about 25% below its 52-week high of 19,670 KRW and 104% above the low of 7,250 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 16,167 KRW is for.
Which stocks are comparable to Iones Co. Ltd?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA Corporation, 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 Iones Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 14,770 KRW, calculated fair value 16,167 KRW (+9%), Quality Score 61/100, 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 114810 calculated?
We run Iones 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 16,167 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 13.0 % above its aggregate fair value. Iones Co. Ltd currently trades 9 % 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 Iones Co. Ltd (114810)?
The closing price on Sep 23, 2026 was 14,770 KRW. Our model-based fair value is 16,167 KRW, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Iones Co. Ltd right now?
The model range is unusually wide (7,282 KRW to 30,145 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of Iones Co. Ltd
How large is the market capitalisation of Iones Co. Ltd (114810)?
The market capitalisation of Iones Co. Ltd is 408B KRW (≈ $300M). 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 Iones Co. Ltd (114810)?
The price-to-sales ratio of Iones Co. Ltd is 1.89 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Iones Co. Ltd (114810)?
The net margin of Iones Co. Ltd is 14.3% (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 Iones Co. Ltd (114810)?
The return on equity (ROE) of Iones Co. Ltd is 4.2% (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 Iones Co. Ltd (114810)?
On an EBIT basis the return on assets of Iones Co. Ltd is 12.6% (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 Iones Co. Ltd (114810)?
The operating margin of Iones Co. Ltd is 14.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Iones Co. Ltd (114810)?
Revenue at Iones Co. Ltd is growing +0.6% versus a year earlier (3y avg +6.6%). 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 Iones Co. Ltd (114810)?
Earnings per share at Iones Co. Ltd are growing −49.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Iones Co. Ltd (114810) carry?
The net debt of Iones Co. Ltd is 12.8B KRW (fiscal year 2025, ≈ 4.8 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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