WooriNet Inc (115440) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of WooriNet Inc KRW 13,332, price KRW 12,120, upside +10.0%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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WooriNet, Inc. designs, manufactures, and supplies fiber optics transmission and wireline access network systems to telecommunications service providers in South Korea.
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WooriNet, Inc. designs, manufactures, and supplies fiber optics transmission and wireline access network systems to telecommunications service providers in South Korea. The company offers packet optical transport network, packet transport network, SDH transport networks, WDM transport networks, OTN security, packet security, post quantum cryptography, data center, quantumcryptography, communication, access gateway, wireless security, transport software defined, networking, IOT communication devices. It also provides packet converter, access gateway, and access gateway systems; and broadband and cellular IoT solutions, such as LTE LGA and LTE embedded modules, and LTE router and modems, as well as develops and sells OLED manufacturing processes and solutions. The company was founded in 2000 and is based in Anyang-si, South Korea.
Stock analysis
WooriNet Inc (115440) currently trades at 12,120 KRW, while our model-based Fair Value estimate is 13,332 KRW, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 10,450 KRW per share, and 4 of the 24 models we run sit above the 12,120 KRW price.
Bear case: the Economic Profit group reads lowest at 2,098 KRW, and 20 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 11,872 KRW (bear) to 17,332 KRW (bull), the price of 12,120 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 47/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
WooriNet Inc reported revenue of 75.5B KRW in FY2025 versus 60.4B KRW in FY2021, a compound +5.7%/yr. Reported net income was 3.7B KRW in FY2025, compounding +17.4%/yr from FY2021.
Key figures
Market cap 125B KRW (≈ $92.1M) · P/S ratio 1.29 · Dividend yield 0.4% · Net margin 4.9% · Return on equity 3.2% · Return on assets (EBIT) 3.5% · Operating margin −33.9% · Revenue (TTM) 56.6B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 118% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at 10%, 115440 screens cheaper than that median.
Fair Value models
Bear 11,872 KRWFair Value 13,332 KRWBull 17,332 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.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−42.6%
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.
+7.6%
Start year 2020 (pandemic). Over 10 years: +4.3% a year
Revenue growth 16 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.
+4.0%
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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.
+11.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.9%
Dividend (yield on the price)0.4%
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.11% vs −2%, picking up
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.−7% → 3%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−1.0%
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 −3.0% 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.Communication Equipment · 316 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+10% · Top 25%
Profitability
Return on equity (TTM)3% · Below median
Return on assets1% · Below median
Net margin (TTM)3% · Below median
Operating margin (TTM)−34% · Bottom 25%
Growth and dividend
Revenue growth−23% · Bottom 25%
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.05× · Above median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "WooriNet Inc Fair Value". https://www.fairvalue-calculator.com/stock/115440
Frequently asked questions
Is WooriNet Inc (115440) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 13,332 KRW versus a price of 12,120 KRW, about +10% upside (undervalued).
What is the fair value of 115440?
Our model-based fair value for WooriNet Inc is 13,332 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 12,120 KRW.
What is the quality score of 115440?
WooriNet Inc has a Quality Score of 47/100. 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 WooriNet Inc (115440)?
Our model-based price target is the fair value of 13,332 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 11,872 KRW, optimistic scenario 17,332 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the WooriNet Inc stock forecast for 2026?
Our models put fair value at 13,332 KRW, about +10% upside versus a price of 12,120 KRW (undervalued). Cautious scenario 11,872 KRW, optimistic scenario 17,332 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of WooriNet Inc (115440)?
WooriNet Inc reported trailing-twelve-month revenue of about 56.6B KRW (latest available figure, as of Sep 24, 2026).
Does WooriNet Inc pay a dividend?
WooriNet Inc currently shows a dividend yield of about 0.41% relative to its recent price (as of Sep 24, 2026).
What growth is priced into WooriNet Inc (115440)?
For today's price to be fair in a discounted-cash-flow model, WooriNet Inc would have to grow free cash flow by -1.0 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 115440 use?
Our models discount WooriNet Inc at 13.3 %: a base by market capitalisation (micro), damped by beta 1.04, 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 WooriNet Inc that is -1.0 % per year a year over ten years, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has WooriNet Inc (115440) delivered so far?
Over the past 5 years revenue at WooriNet Inc grew +7.6 % a year. The price currently implies -1.0 % 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 WooriNet Inc (115440) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into WooriNet Inc (-1.0 % 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 WooriNet Inc (115440)?
The free-cash-flow yield on the price is 9.48 %: that much free cash flow WooriNet Inc produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of WooriNet Inc (115440)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WooriNet Inc it is 13,332 KRW per share (as of Sep 24, 2026), against a price of 12,120 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is WooriNet Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 115440 trades below its calculated fair value: price 12,120 KRW, fair value 13,332 KRW, a gap of about +10% (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 115440?
No. The price is what the market pays today (12,120 KRW); the fair value is what the company's own numbers justify (13,332 KRW). For WooriNet Inc the two are 1,212 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is WooriNet Inc worth?
The market values WooriNet Inc at about 125B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 12,120 KRW; our models calculate a fair value of 13,332 KRW per share.
What do the bullish and bearish scenarios say about 115440?
Our models span a range for WooriNet Inc: cautious scenario 11,872 KRW, base 13,332 KRW, optimistic 17,332 KRW per share (as of Sep 24, 2026, price 12,120 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of WooriNet Inc (115440)?
Balance-sheet figures for WooriNet Inc (as of Sep 24, 2026): return on equity 3.2%, debt of 0.05 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 115440 from its 52-week high?
WooriNet Inc trades at 12,120 KRW, about 35% below its 52-week high of 18,720 KRW and 118% above the low of 5,550 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 13,332 KRW is for.
Which stocks are comparable to WooriNet Inc?
From the same area (Technology) we also value Cisco Systems, Inc, Zhongji Innolight Co, Foxconn Industrial Internet Co, Eoptolink Technology Inc, 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 WooriNet Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 12,120 KRW, calculated fair value 13,332 KRW (+10%), Quality Score 47/100, 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 115440 calculated?
We run WooriNet Inc 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 13,332 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. WooriNet Inc currently trades 10 % 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 WooriNet Inc (115440)?
The closing price on Sep 23, 2026 was 12,120 KRW. Our model-based fair value is 13,332 KRW, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WooriNet Inc right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of WooriNet Inc
How large is the market capitalisation of WooriNet Inc (115440)?
The market capitalisation of WooriNet Inc is 125B KRW (≈ $92.1M). 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 WooriNet Inc (115440)?
The price-to-sales ratio of WooriNet Inc is 1.29 (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 WooriNet Inc (115440)?
The dividend yield of WooriNet Inc is 0.4%. 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 WooriNet Inc (115440)?
The net margin of WooriNet Inc is 4.9% (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 WooriNet Inc (115440)?
The return on equity (ROE) of WooriNet Inc is 3.2% (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 WooriNet Inc (115440)?
On an EBIT basis the return on assets of WooriNet Inc is 3.5% (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 WooriNet Inc (115440)?
The operating margin of WooriNet Inc is −33.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WooriNet Inc (115440)?
Revenue at WooriNet Inc is growing −22.5% 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 WooriNet Inc (115440)?
Earnings per share at WooriNet Inc are growing −82.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does WooriNet Inc (115440) carry?
The net debt of WooriNet Inc is 8.3B KRW (fiscal year 2025, ≈ 0.7 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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