TSE Co (131290) Fair Value & Analysis

Technology · KR · Market cap 3.1T KRW

A solid business, but screening 67% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (89,831 KRW). The favourable scenario is already priced in.
• Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (48,370 KRW to 89,831 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 32,786 KRW – 284,500 KRW · fair‑value band 48,370 KRW – 89,831 KRW · the 207,000 KRW price screens above the 69,101 KRW fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

TSE Co (131290) currently trades at 207,000 KRW, while our model-based Fair Value estimate is 69,101 KRW, implying the stock looks roughly 66.6% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, TSE Co generated revenue of 345B KRW at a net margin of 16.6%. Revenue grew 22.3% year over year. Net debt stands at 7.0B KRW. Fundamentals as of Jul 17, 2026

Our scenario range runs from 48,370 KRW (bear case) to 89,831 KRW (bull case); at 207,000 KRW, the current price sits above 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 17% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -55% fair-value upside, at -67%, 131290 screens richer 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.

Widest divergence: Multiples (69,533 KRW) versus Dividend Discount (7,265 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

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, …

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TSE Co 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.

131290 screens 67% overvalued. Compare with TES Co →

Peer Group

Semiconductors & Semiconductor Equipment · 46 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.

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 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.