Imarketkorea (122900) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Imarketkorea stock KRW 10,577, price KRW 8,010, upside +32.0%, quality 55 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 6,516 KRW – 9,767 KRW · fair‑value band 8,488 KRW – 13,750 KRW · the 8,010 KRW price screens below the 10,577 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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iMarketKorea Inc. operates as an industrial material distribution service company in South Korea and internationally.
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It offers procurement/purchasing outsourcing, consulting, and strategic procurement system; B2B auction services; export, local sourcing, and global sourcing network services; industrial product and materials, construction materials, and IT distribution services; and pharmaceutical and medical care supplies distribution services, as well as operates an online shopping mall.
The company was founded in 2000 and is headquartered in Seoul, South Korea.
Stock analysis
Imarketkorea (122900) currently trades at 8,010 KRW, while our model-based Fair Value estimate is 10,577 KRW, implying the stock looks roughly 24% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 10,967 KRW per share, and 16 of the 24 models we run sit above the 8,010 KRW price.
Bear case: the Asset-Based group reads lowest at 2,344 KRW, and 8 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 8,488 KRW (bear) to 13,750 KRW (bull), the price of 8,010 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 55/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Imarketkorea reported revenue of 3.1T KRW in FY2025 versus 3.1T KRW in FY2021, a compound −0.6%/yr. Reported net income was 20.9B KRW in FY2025, compounding −13.9%/yr from FY2021.
Key figures
Market cap 252B KRW (≈ $186M) Micro · P/E ratio 8.2 · P/S ratio 0.07 · EPS (TTM) 979.69 KRW · Dividend yield 7.5% · Net margin 0.9% · Return on equity 9.5% · Return on assets (EBIT) 3.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −12% fair-value upside, at 32%, 122900 screens cheaper than that median.
Fair Value models
Bear8,488 KRWFair Value 10,577 KRWBull13,750 KRW
Price 8,010 KRW · Upside +32.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (325.60 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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
−8.0%
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.
−5.2%
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.
+1.5%
Start year 2020 (pandemic). Over 10 years: −0.3% a year
Revenue growth 13 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.
+3.1%
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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.
+7.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.4%
Dividend (yield on the price)7.5%
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.−0.4% vs −1.1%, steady
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.1% → 1%
Pace: the 5-year rate starts in 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).
−5.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −7.4% 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.Specialty Business Services · 229 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+32.0% · Above median
Profitability
Return on equity (12 months)9.5% · Below median
Return on assets1.5% · Below median
Net margin (12 months)0.9% · Bottom 25%
Operating margin (12 months)1.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)37.0% · Top 25%
Dividend yield (12 months)7.5% · Top 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/E (12 months)8.2× · Cheapest 25%
P/B0.68× · Cheapest 25%
P/S (12 months)0.07× · Cheapest 25%
Price / free cash flow (fiscal year)7.9× · Cheaper than median
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). "Imarketkorea Fair Value". https://www.fairvalue-calculator.com/stock/122900
Frequently asked questions
Is Imarketkorea (122900) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 10,577 KRW versus a price of 8,010 KRW, about +32% upside (undervalued).
What is the fair value of 122900?
Our model-based fair value for Imarketkorea is 10,577 KRW (as of Nov 4, 2026), built from audited fundamentals. The current price: 8,010 KRW.
What is the quality score of 122900?
Imarketkorea has a Quality Score of 55/100. 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 Imarketkorea (122900)?
Our model-based price target is the fair value of 10,577 KRW (as of Nov 4, 2026) from 24 valuation models. Cautious scenario 8,488 KRW, optimistic scenario 13,750 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Imarketkorea stock forecast for 2026?
Our models put fair value at 10,577 KRW, about +32% upside versus a price of 8,010 KRW (undervalued). Cautious scenario 8,488 KRW, optimistic scenario 13,750 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Imarketkorea (122900)?
Imarketkorea reported trailing-twelve-month revenue of about 3.4T KRW (latest available figure, as of Nov 4, 2026).
Does Imarketkorea pay a dividend?
Imarketkorea currently shows a dividend yield of 7.49% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Imarketkorea (122900) and when is the ex-dividend date?
Imarketkorea pays a dividend of 600.00 KRW per share a year, a dividend yield of 7.5%. The last ex-dividend date was Jun 29, 2026. A dividend has been paid every year since at least 2010. The payout ratio is 61.2% of earnings. Free cash flow covers the dividend 1.70 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Imarketkorea (122900)?
For today's price to be fair in a discounted-cash-flow model, Imarketkorea would have to grow free cash flow by -5.4 % 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 +1.5 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of 122900 use?
Our models discount Imarketkorea at 11.6 %: a base by market capitalisation (micro), damped by beta 0.19, 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 Imarketkorea that is -5.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Imarketkorea (122900) delivered so far?
Over the past 5 years revenue at Imarketkorea grew +1.5 % a year. The price currently implies free-cash-flow growth of -5.4 % per 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 Imarketkorea (122900) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Imarketkorea (-5.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Imarketkorea (122900)?
The free-cash-flow yield on the price is 12.71 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Imarketkorea 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 Imarketkorea (122900)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Imarketkorea it is 10,577 KRW per share (as of Nov 4, 2026), against a price of 8,010 KRW. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Imarketkorea stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 122900 trades below its calculated fair value: price 8,010 KRW, fair value 10,577 KRW, a gap of about +32% (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 122900?
No. The price is what the market pays today (8,010 KRW); the fair value is what the company's own numbers justify (10,577 KRW). For Imarketkorea the two are 2,567 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Imarketkorea worth?
The market values Imarketkorea at about 252B KRW (market capitalisation, as of Nov 4, 2026). Per share that is 8,010 KRW; our models calculate a fair value of 10,577 KRW per share.
What do the bullish and bearish scenarios say about 122900?
Our models span a range for Imarketkorea: cautious scenario 8,488 KRW, base 10,577 KRW, optimistic 13,750 KRW per share (as of Nov 4, 2026, price 8,010 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 122900?
Imarketkorea trades at a price-to-earnings ratio of 8.2 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 10,577 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 14.1. Other multiples: P/B 0.7, P/S 0.1, EV/EBITDA 2.0.
How solid is the balance sheet of Imarketkorea (122900)?
Balance-sheet figures for Imarketkorea (as of Nov 4, 2026): return on equity 9.5%, debt of 0.05 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 122900 from its 52-week high?
Imarketkorea trades at 8,010 KRW, about 5% below its 52-week high of 8,390 KRW and 16% above the low of 6,901 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 10,577 KRW is for.
Which stocks are comparable to Imarketkorea?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments 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 Imarketkorea stock attractive at the current price?
The data as of Nov 4, 2026: price 8,010 KRW, calculated fair value 10,577 KRW (+32%), Quality Score 55/100, 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 122900 calculated?
We run Imarketkorea through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 10,577 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Imarketkorea currently trades 24% 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 Imarketkorea (122900)?
The closing price on Nov 6, 2026 was 8,010 KRW. Our model-based fair value is 10,577 KRW, about +32% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Imarketkorea right now?
The price is below even our cautious bear case (8,488 KRW). The market is more pessimistic than our downside scenario. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Imarketkorea
How large is the market capitalisation of Imarketkorea (122900)?
The market capitalisation of Imarketkorea is 252B KRW (≈ $186M). 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 Imarketkorea (122900)?
The price-to-sales ratio of Imarketkorea is 0.07 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Imarketkorea (122900)?
Earnings per share at Imarketkorea are 979.69 KRW (price ÷ EPS = P/E 8.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Imarketkorea (122900)?
The dividend yield of Imarketkorea is 7.5% (payout 61.2%). 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 Imarketkorea (122900)?
The net margin of Imarketkorea is 0.9% (last twelve months). 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 Imarketkorea (122900)?
The return on equity (ROE) of Imarketkorea is 9.5% (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 Imarketkorea (122900)?
On an EBIT basis the return on assets of Imarketkorea 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 Imarketkorea (122900)?
The operating margin of Imarketkorea is 1.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Imarketkorea (122900)?
Revenue at Imarketkorea is growing +37.0% versus a year earlier (3y avg −5.2%). 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 Imarketkorea (122900)?
Earnings per share at Imarketkorea are growing +12.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Imarketkorea (122900) carry?
The net debt of Imarketkorea is 4.1B KRW (fiscal year 2024, ≈ 0.1 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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Broad data
Nov 4, 2026