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Secuve Co (131090) Fair Value & Analysis

Technology · KR · Market cap 29.7B KRW

SC Secuve Co 131090 · KQ
Price3,880 KRW
Fair Value10,431 KRW
Upside+168.8%
Quality81/100
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Weak Growth
Highly profitable · 33.9% net margin
Low debt · generates free cash flow
3.87% dividend yield
Ranks above peers (8/10)
Wide moat 73/100
Evidence: High Range 7,823 KRW – 13,038 KRW Share as image

Fair value as of: Jul 20, 2026

From 22 valuation models · updated 20 days ago

Share price +2.9% over the past month.

A strong business, screening 169% undervalued on our models.

What matters now

  • The rarer combination: high quality (81/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (7,823 KRW). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

7,115 KRW 3,470 KRW Fair Value 10,431 KRW Jan 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 3,470 KRW – 7,115 KRW · fair‑value band 7,823 KRW – 13,038 KRW · the 3,880 KRW price screens below the 10,431 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Secuve Co (131090) currently trades at 3,880 KRW, while our model-based Fair Value estimate is 10,431 KRW, implying the stock looks roughly 168.8% undervalued today. The Quality Score stands at 81/100 (high 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: high), always confirm before acting.

Over the trailing twelve months, Secuve Co generated revenue of 13.9B KRW at a net margin of 33.9%. Revenue declined 1.3% year over year. It earns a return on equity of 11.6%. Fundamentals as of Jul 20, 2026

Our scenario range runs from 7,823 KRW (bear case) to 13,038 KRW (bull case); at 3,880 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 26% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at 169%, 131090 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 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 9,411 KRW 12,363 KRW 17,413 KRW 80
Residual Income 5,616 KRW 6,189 KRW 9,009 KRW 76
Rev-Margin DCF 6,019 KRW 7,672 KRW 9,773 KRW 74
All 22 models by family
DCF Models
FCF DCF 9,051 KRW 12,092 KRW 17,725 KRW 38
Owner Earnings 7,611 KRW 10,087 KRW 14,674 KRW 31
5Y Revenue Exit 6,019 KRW 7,491 KRW 9,615 KRW 39
5Y EBITDA Exit 7,507 KRW 10,066 KRW 13,458 KRW 41
5Y P/E Exit 9,130 KRW 12,876 KRW 17,356 KRW 38
10Y Revenue Exit 7,069 KRW 8,273 KRW 9,498 KRW 36
10Y EBITDA Exit 8,053 KRW 9,866 KRW 11,754 KRW 37
10Y P/E Exit 9,038 KRW 11,604 KRW 14,043 KRW 35
Earnings-Based
Graham-Dodd 4,172 KRW 5,099 KRW 5,737 KRW 54
EPV 5,582 KRW 6,294 KRW 6,918 KRW 59
Multiples
P/E Multiple 9,203 KRW 12,271 KRW 15,339 KRW 63
P/S Multiple 3,290 KRW 4,387 KRW 5,484 KRW 58
P/B Multiple 7,823 KRW 10,431 KRW 13,038 KRW 55
EV/EBIT 8,909 KRW 11,444 KRW 13,979 KRW 53
EV/EBITDA 7,423 KRW 9,462 KRW 11,501 KRW 54
EV/Revenue 4,376 KRW 5,692 KRW 7,008 KRW 43
Asset-Based
NCAV (Graham) 3,240 KRW 4,342 KRW 6,481 KRW 50
Growth DCF
Growth DCF 9,411 KRW 12,363 KRW 17,413 KRW 80
Rev-Margin DCF 6,019 KRW 7,672 KRW 9,773 KRW 74
Economic Profit
Residual Income 5,616 KRW 6,189 KRW 9,009 KRW 76
ROIC Compounder 5,582 KRW 6,294 KRW 7,065 KRW 72
Growth Earnings
Growth-Adj P/E 6,511 KRW 9,302 KRW 12,092 KRW 68

Widest divergence: DCF Models (10,066 KRW) versus Asset-Based (4,342 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 13.9B KRW
Revenue growth (YoY) -1.3%
Net margin 33.9%
Return on equity 11.6%
Free cash flow 6.1B KRW FY2025
Operating margin 37.7%
More key figures
Dividend yield 3.8%
EPS growth (YoY) -5.9%

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 81/100

Of which business quality 78 · Market factors (momentum, volatility) 46

Profitability 50
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 90
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

Secuve Co., Ltd. provides information security solutions primarily in South Korea. It offers iGRIFFIN, an integrated account authority management technology; LogGRIFFIN, a real-time tamper-proof log storage technology; DuoGRIFFIN, a domain separation-based information leak prevention technology; CERTl, a technology to prevent illegal copying and leakage of …

Full company description

Secuve Co., Ltd. provides information security solutions primarily in South Korea. It offers iGRIFFIN, an integrated account authority management technology; LogGRIFFIN, a real-time tamper-proof log storage technology; DuoGRIFFIN, a domain separation-based information leak prevention technology; CERTl, a technology to prevent illegal copying and leakage of public certificates; T/Q in Z, a mobile authentication and technology; QuickSign, a payment technology; and SecuS ign, a biometric handwritten signature and authentication technology to the financial sector, corporations, financial institutions, and public and defense sectors. Secuve Co., Ltd. was founded in 2000 and is headquartered in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Secuve Co reported revenue of 13.4B KRW in FY2025 versus 13.2B KRW in FY2021, a compound +0.5%/yr. Reported net income was 4.7B KRW in FY2025, compounding −0.8%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
13.4B KRW
Latest YoY
+11.3%
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.
−0.6%
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.
−1.8%
Avg. growth/yr (13Y) 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.
−3.2%
Revenue +0.5%/yr
FY21 13.2B KRW
FY22 13.7B KRW
FY23 14.4B KRW
FY24 12.1B KRW
FY25 13.4B KRW
Net income −0.8%/yr
FY21 4.9B KRW
FY22 4.8B KRW
FY23 5.8B KRW
FY24 3.0B KRW
FY25 4.7B KRW

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Cite: Fair Value Calculator (2026). "Secuve Co Fair Value". https://www.fairvalue-calculator.com/stock/131090

Peer Group

Software - Infrastructure · 370 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 81 · Top 25%
Fair Value upside +169% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 34% · Top 25%
Operating margin (TTM) 38% · Top 25%
Revenue growth -1% · Bottom 25%
Dividend yield (TTM) 3.9% · Top 25%
Debt / equity 0.05× · Higher than median

Valuation Multiples vs Software - Infrastructure 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 0
FUTURE 0 · sector 46
PAST 46 · sector 15
HEALTH 98 · sector 98
DIVIDEND 77 · sector 28

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 - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is Secuve Co (131090) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 10,431 KRW versus a price of 3,880 KRW, about +169% (undervalued).
What is the fair value of 131090?
Our model-based fair value for Secuve Co is 10,431 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 3,880 KRW.
What is the quality score of 131090?
Secuve Co has a Quality Score of 81/100. 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 Secuve Co (131090)?
Secuve Co reported trailing-twelve-month revenue of about 13.9B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 131090?
The net profit margin of Secuve Co is about 33.9%, meaning it keeps roughly 33.9% of revenue as net income. Based on the latest reported figures.
Does Secuve Co pay a dividend?
Secuve Co currently shows a dividend yield of about 3.80% relative to its recent price (as of Jul 20, 2026).

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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