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ITCENGLOBAL CO., Ltd (124500) Fair Value & Analysis

Technology · KR · Market cap 477B KRW

IC ITCENGLOBAL CO., Ltd 124500 · KQ
Price22,700 KRW
Fair Value40,208 KRW
Upside+77.1%
Quality58/100
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Healthy Growth
Thin margins · 0.5% net margin
Low debt · generates free cash flow
Ranks above peers (6/9)
Moderate moat 55/100
Evidence: Medium Range 30,156 KRW – 132,569 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 18 days ago

Share price +15.8% over the past month.

A solid business, screening 77% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (30,156 KRW). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (30,156 KRW to 132,569 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

71,900 KRW 3,235 KRW Fair Value 40,208 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 3,235 KRW – 71,900 KRW · fair‑value band 30,156 KRW – 132,569 KRW · the 22,700 KRW price screens below the 40,208 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

ITCENGLOBAL CO., Ltd (124500) currently trades at 22,700 KRW, while our model-based Fair Value estimate is 40,208 KRW, implying the stock looks roughly 77.1% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, ITCENGLOBAL CO., Ltd generated revenue of 10.5T KRW at a net margin of 0.5%. Revenue grew 100.9% year over year. It earns a return on equity of 53.7%. Net debt stands at 26.9B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 30,156 KRW (bear case) to 132,569 KRW (bull case); at 22,700 KRW, the current price sits below 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 70% below its 52-week high and 62% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 77%, 124500 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 BearBaseBull Evidence
Highest evidence
Growth DCF 165,668 KRW 327,631 KRW 599,639 KRW 80
Residual Income 16,680 KRW 24,315 KRW 299,119 KRW 76
Rev-Margin DCF 162,614 KRW 282,420 KRW 532,875 KRW 74
All 24 models by family
DCF Models
FCF DCF 174,782 KRW 271,849 KRW 589,237 KRW 38
Owner Earnings 37,021 KRW 64,874 KRW 125,964 KRW 31
5Y Revenue Exit 148,607 KRW 248,981 KRW 459,373 KRW 39
5Y EBITDA Exit 153,305 KRW 258,483 KRW 464,750 KRW 41
5Y P/E Exit 81,021 KRW 132,892 KRW 198,761 KRW 38
10Y Revenue Exit 153,647 KRW 327,363 KRW 440,690 KRW 36
10Y EBITDA Exit 162,372 KRW 337,717 KRW 642,066 KRW 37
10Y P/E Exit 108,418 KRW 178,392 KRW 282,139 KRW 35
Earnings-Based
Graham-Dodd 13,671 KRW 95,337 KRW 133,791 KRW 54
Lynch FV 49,254 KRW 70,363 KRW 91,472 KRW 50
PEG = 1.0 49,254 KRW 70,363 KRW 91,472 KRW 46
EPV 124,872 KRW 144,036 KRW 161,069 KRW 59
Multiples
P/E Multiple 30,156 KRW 40,208 KRW 50,260 KRW 63
P/S Multiple 25,632 KRW 34,177 KRW 42,721 KRW 58
P/B Multiple 12,158 KRW 16,211 KRW 20,263 KRW 55
EV/EBIT 179,168 KRW 233,463 KRW 287,758 KRW 53
EV/EBITDA 140,002 KRW 181,242 KRW 222,482 KRW 54
EV/Revenue 126,079 KRW 173,135 KRW 220,191 KRW 43
Asset-Based
NCAV (Graham) 2,702 KRW 3,620 KRW 5,404 KRW 50
Growth DCF
Growth DCF 165,668 KRW 327,631 KRW 599,639 KRW 80
Rev-Margin DCF 162,614 KRW 282,420 KRW 532,875 KRW 74
Economic Profit
Residual Income 16,680 KRW 24,315 KRW 299,119 KRW 76
ROIC Compounder 124,872 KRW 144,036 KRW 161,069 KRW 72
Growth Earnings
Growth-Adj P/E 63,468 KRW 90,668 KRW 117,869 KRW 68

Widest divergence: Growth DCF (282,420 KRW) versus Asset-Based (3,620 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 10.5T KRW
Revenue growth (YoY) +101%
Net margin 0.5%
Return on equity 53.7%
Free cash flow 206B KRW FY2025
Operating margin 3.0%
More key figures
EPS growth (YoY) +141%
Net debt 26.9B KRW FY2024

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 58 · Market factors (momentum, volatility) 18

Profitability 60
Margins and returns on capital today
Quality Growth 84
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 54
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

ITCENGLOBAL CO., Ltd. engages in the provision of consulting, ICT, and outsourcing services and solutions in South Korea. It offers rental; wholesale and retail of gold and other precious metals; and Cloud, AI, IT Consulting, and Implementation. In addition, the company provides IT services for the public, financial, education, and enterprise sectors.

Full company description

ITCENGLOBAL CO., Ltd. engages in the provision of consulting, ICT, and outsourcing services and solutions in South Korea. It offers rental; wholesale and retail of gold and other precious metals; and Cloud, AI, IT Consulting, and Implementation. In addition, the company provides IT services for the public, financial, education, and enterprise sectors. The company was formerly known as Itcen Co., Ltd. and changed its name to ITCENGLOBAL CO., Ltd. in April 2025. ITCENGLOBAL CO., Ltd. was founded in 2005 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

ITCENGLOBAL CO., Ltd reported revenue of 8.9T KRW in FY2025 versus 3.3T KRW in FY2021, a compound +28.2%/yr. Reported net income was 46.6B KRW in FY2025.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
8.9T KRW
Latest YoY
+78.8%
Avg. growth/yr (3Y)
+50.1%
Avg. growth/yr (5Y)
+31.3%
Avg. growth/yr (11Y)
+38.9%
Revenue +28.2%/yr
FY21 3.3T KRW
FY22 2.6T KRW
FY23 2.8T KRW
FY24 5.0T KRW
FY25 8.9T KRW
Net income
FY21 −7.2B KRW
FY22 1.7B KRW
FY23 650M KRW
FY24 4.3B KRW
FY25 46.6B KRW

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Cite: Fair Value Calculator (2026). "ITCENGLOBAL CO., Ltd Fair Value". https://www.fairvalue-calculator.com/stock/124500

Peer Group

Information Technology Services · 480 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 58 · Above median
Fair Value upside +77% · Top 25%
Return on equity (TTM) 54% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 101% · Top 25%
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Information Technology Services 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 100 · sector 20
FUTURE 100 · sector 29
PAST 100 · sector 36
HEALTH 92 · sector 97
DIVIDEND 0 · sector 37

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is ITCENGLOBAL CO., Ltd (124500) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 40,208 KRW versus a price of 22,700 KRW, about +77% (undervalued).
What is the fair value of 124500?
Our model-based fair value for ITCENGLOBAL CO., Ltd is 40,208 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 22,700 KRW.
What is the quality score of 124500?
ITCENGLOBAL CO., Ltd has a Quality Score of 58/100. 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 ITCENGLOBAL CO., Ltd (124500)?
ITCENGLOBAL CO., Ltd reported trailing-twelve-month revenue of about 10.5T KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 124500?
The net profit margin of ITCENGLOBAL CO., Ltd is about 0.5%, meaning it keeps roughly 0.5% of revenue as net income. 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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