TSE Co. Ltd (131290) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of TSE Co. Ltd KRW 83,925, price KRW 289,000, upside -71.0%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch TSE Co. Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
TSE Co., Ltd provides semiconductor test solutions in South Korea and internationally.
Show more
TSE Co., Ltd provides semiconductor test solutions in South Korea and internationally. The company offers probe cards, including high performance and vertical mems probe cards, and OLED fixel test solutions; standard interface solutions, such as high speed and high parallelism interface solutions; and tester on-board interface products, including BOST, CFDS, and power boost interface solutions. It also provides test sockets comprising MEMS rubber contact and pogo sockets; low cost tester solutions, manipulators, and RF test systems for semiconductors; electrical array testers, electrical touch sensor test systems, and OLED pattern generators; LED testers and equipment; and HSIO loopback components. TSE Co., Ltd was founded in 1994 and is headquartered in Cheonan-si, South Korea.
Stock analysis
TSE Co. Ltd (131290) currently trades at 289,000 KRW, while our model-based Fair Value estimate is 83,925 KRW, implying the stock looks roughly 244.4% overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 83,925 KRW per share, and 0 of the 17 models we run sit above the 289,000 KRW price.
Bear case: the Asset-Based group reads lowest at 25,666 KRW, and 17 of the 17 models stay below the price. Evidence for this calculation is low.
Scenario range: 58,747 KRW (bear) to 109,102 KRW (bull), the price of 289,000 KRW sits above 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 60/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
TSE Co. Ltd reported revenue of 429B KRW in FY2025 versus 308B KRW in FY2021, a compound +8.7%/yr. Reported net income was 38.2B KRW in FY2025, compounding −3.8%/yr from FY2021.
Key figures
Market cap 3.1T KRW (≈ $2.2B) · P/S ratio 9.06 · Dividend yield 0.7% · Net margin 8.9% · Return on equity 1,451% · Return on assets (EBIT) 8.5% · Operating margin 18.8% · Revenue (TTM) 345B 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 6% below its 52-week high and 531% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −29% fair-value upside, at −71%, 131290 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (6,388 KRW to 148,971 KRW). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 58,747 KRWFair Value 83,925 KRWBull 109,102 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.55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+23.2%
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.
+8.1%
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.
+8.5%
Start year 2020 (pandemic). Over 10 years: +12.5% a year
Revenue growth 15 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.
+9.4%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+7.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.8%
Dividend (yield on the price)0.7%
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.14% → 12%
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Semiconductors & Semiconductor Equipment · 48 stocks
Beats the industry median on 6/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−71% · Bottom 25%
Profitability
Return on assets10% · Top 25%
Net margin (TTM)17% · Above median
Operating margin (TTM)19% · Top 25%
Growth and dividend
Revenue growth22% · Above median
Dividend yield (TTM)0.7% · Below median
Balance sheet
Debt / equity0.01× · Below median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 16
FUTURE (revenue growth)100· sector 100
PAST (return on equity)0· sector 100
HEALTH (low debt)99· sector 99
DIVIDEND (yield)13· sector 17
VALUE 0: the price sits above our fair-value range.
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.
Is TSE Co. Ltd (131290) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 83,925 KRW versus a price of 289,000 KRW, about −71% upside (overvalued).
What is the fair value of 131290?
Our model-based fair value for TSE Co. Ltd is 83,925 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 289,000 KRW.
What is the quality score of 131290?
TSE Co. Ltd has a Quality Score of 60/100. 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 TSE Co. Ltd (131290)?
Our model-based price target is the fair value of 83,925 KRW (as of Sep 24, 2026) from 17 valuation models. Cautious scenario 58,747 KRW, optimistic scenario 109,102 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the TSE Co. Ltd stock forecast for 2026?
Our models put fair value at 83,925 KRW, about −71% upside versus a price of 289,000 KRW (overvalued). Cautious scenario 58,747 KRW, optimistic scenario 109,102 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of TSE Co. Ltd (131290)?
TSE Co. Ltd reported trailing-twelve-month revenue of about 345B KRW (latest available figure, as of Sep 24, 2026).
Does TSE Co. Ltd pay a dividend?
TSE Co. Ltd currently shows a dividend yield of about 0.67% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of TSE Co. Ltd (131290)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TSE Co. Ltd it is 83,925 KRW per share (as of Sep 24, 2026), against a price of 289,000 KRW. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is TSE Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 131290 trades above its calculated fair value: price 289,000 KRW, fair value 83,925 KRW, a gap of about −71% (overvalued). 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 131290?
No. The price is what the market pays today (289,000 KRW); the fair value is what the company's own numbers justify (83,925 KRW). For TSE Co. Ltd the two are 205,075 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is TSE Co. Ltd worth?
The market values TSE Co. Ltd at about 3.1T KRW (market capitalisation, as of Sep 24, 2026). Per share that is 289,000 KRW; our models calculate a fair value of 83,925 KRW per share.
What do the bullish and bearish scenarios say about 131290?
Our models span a range for TSE Co. Ltd: cautious scenario 58,747 KRW, base 83,925 KRW, optimistic 109,102 KRW per share (as of Sep 24, 2026, price 289,000 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of TSE Co. Ltd (131290)?
Balance-sheet figures for TSE Co. Ltd (as of Sep 24, 2026): debt of 0.01 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 131290 from its 52-week high?
TSE Co. Ltd trades at 289,000 KRW, about 6% below its 52-week high of 306,500 KRW and 531% above the low of 45,782 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 83,925 KRW is for.
Which stocks are comparable to TSE Co. Ltd?
From the same area (Technology) we also value TES Co, Eugene Technology Co, ISC Co, PSK HOLDINGS 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 TSE Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 289,000 KRW, calculated fair value 83,925 KRW (−71%), Quality Score 60/100, from 17 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 131290 calculated?
We run TSE Co. Ltd through 17 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 83,925 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 14.1 % above its aggregate fair value. TSE Co. Ltd itself currently trades above fair value. 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 TSE Co. Ltd (131290)?
The closing price on Sep 23, 2026 was 289,000 KRW. Our model-based fair value is 83,925 KRW, about −71% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TSE Co. Ltd right now?
The price sits above even our optimistic bull case (109,102 KRW). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (58,747 KRW to 109,102 KRW) leaves room in how you read the outcome.
Key figures of TSE Co. Ltd
How large is the market capitalisation of TSE Co. Ltd (131290)?
The market capitalisation of TSE Co. Ltd is 3.1T KRW (≈ $2.2B). 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 TSE Co. Ltd (131290)?
The price-to-sales ratio of TSE Co. Ltd is 9.06 (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 TSE Co. Ltd (131290)?
The dividend yield of TSE Co. Ltd is 0.7%. 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 TSE Co. Ltd (131290)?
The net margin of TSE Co. Ltd is 8.9% (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 TSE Co. Ltd (131290)?
The return on equity (ROE) of TSE Co. Ltd is 1,451% (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 TSE Co. Ltd (131290)?
On an EBIT basis the return on assets of TSE Co. Ltd is 8.5% (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 TSE Co. Ltd (131290)?
The operating margin of TSE Co. Ltd is 18.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TSE Co. Ltd (131290)?
Revenue at TSE Co. Ltd is growing +22.3% versus a year earlier (3y avg +8.1%). 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 TSE Co. Ltd (131290)?
Earnings per share at TSE Co. Ltd are growing +8.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TSE Co. Ltd (131290) generate?
The free cash flow of TSE Co. Ltd is −2.2B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does TSE Co. Ltd (131290) carry?
The net debt of TSE Co. Ltd is 7.0B KRW (fiscal year 2021). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch TSE Co. Ltd in the live analysis
One click puts TSE Co. Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
