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Topco Media Co (134580) Fair Value & Analysis

Technology · KR · Market cap 53.2B KRW

TM Topco Media Co 134580 · KQ
Price1,307 KRW
Fair Value1,088 KRW
Upside-16.7%
Quality46/100
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Mixed Growth
Loss-making · -1.1% net margin
generates free cash flow
Mixed vs. peers (4/8)
Narrow moat 25/100
Evidence: High Range 773.01 KRW – 1,490 KRW Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 19 days ago

Share price +23.0% over the past month.

Below-average quality, and screening another 17% overvalued on our models.

What matters now

  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (773.01 KRW to 1,490 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

13,250 KRW 875.00 KRW Fair Value 1,088 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 875.00 KRW – 13,250 KRW · fair‑value band 773.01 KRW – 1,490 KRW · the 1,307 KRW price screens above the 1,088 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Topco Media Co (134580) currently trades at 1,307 KRW, while our model-based Fair Value estimate is 1,088 KRW, implying the stock looks roughly 16.7% overvalued today. The Quality Score stands at 46/100 (below-average 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: high).

Over the trailing twelve months, Topco Media Co generated revenue of 54.9B KRW at a net margin of -1.1%. Revenue grew 112.5% year over year. It earns a return on equity of -2.0%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 773.01 KRW (bear case) to 1,490 KRW (bull case); at 1,307 KRW, the current price sits within 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 59% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -17%, 134580 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 879.03 KRW 1,147 KRW 1,522 KRW 72
Gordon GGM 134.59 KRW 279.84 KRW 443.94 KRW 70
Rev-Margin DCF 896.87 KRW 1,261 KRW 1,666 KRW 67
All 15 models by family
DCF Models
FCF DCF 865.14 KRW 1,161 KRW 1,596 KRW 38
5Y Revenue Exit 896.87 KRW 1,259 KRW 1,714 KRW 39
5Y EBITDA Exit 1,737 KRW 2,792 KRW 4,006 KRW 41
10Y Revenue Exit 859.51 KRW 1,184 KRW 1,604 KRW 36
10Y EBITDA Exit 1,410 KRW 2,234 KRW 3,313 KRW 37
Earnings-Based
EPV 823.62 KRW 915.55 KRW 995.99 KRW 59
Dividend Discount
Gordon GGM 134.59 KRW 279.84 KRW 443.94 KRW 70
DDM Multi-Stage 134.59 KRW 210.37 KRW 290.90 KRW 61
Multiples
EV/EBIT 1,280 KRW 1,616 KRW 1,952 KRW 53
EV/EBITDA 2,479 KRW 3,214 KRW 3,950 KRW 54
EV/Revenue 951.50 KRW 1,243 KRW 1,534 KRW 43
Asset-Based
NCAV (Graham) 330.03 KRW 442.23 KRW 660.05 KRW 50
Growth DCF
Growth DCF 879.03 KRW 1,147 KRW 1,522 KRW 72
Rev-Margin DCF 896.87 KRW 1,261 KRW 1,666 KRW 67
Economic Profit
ROIC Compounder 849.84 KRW 995.82 KRW 1,167 KRW 67

Widest divergence: Multiples (1,616 KRW) versus Dividend Discount (210.37 KRW). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 54.9B KRW
Revenue growth (YoY) +113%
Net margin -1.1%
Return on equity -2.0%
Free cash flow 2.7B KRW FY2025
Operating margin -0.7%

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 47 · Market factors (momentum, volatility) 15

Profitability 32
Margins and returns on capital today
Quality Growth 88
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 0
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

Topco Media Co.,Ltd. operates as a webtoon company that offers media content. The company provides webtoon, webnovel, published comics, and film and drama content. It also engages in content creation and distribution. The company was founded in 2007 and is based in Seoul, South Korea. Topco Media Co.,Ltd. operates as a subsidiary of Topco Co.,Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Topco Media Co reported revenue of 48.6B KRW in FY2025 versus 22.3B KRW in FY2021, a compound +21.6%/yr. Reported net income was −2.3B KRW in FY2025.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
48.6B KRW
Latest YoY
+108.2%
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.
+29.1%
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.
+19.5%
Avg. growth/yr (12Y) 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.
−3.1%
Revenue +21.6%/yr
FY21 22.3B KRW
FY22 22.6B KRW
FY23 19.2B KRW
FY24 23.3B KRW
FY25 48.6B KRW
Net income
FY21 −3.9B KRW
FY22 −2.9B KRW
FY23 −11.9B KRW
FY24 −4.7B KRW
FY25 −2.3B KRW

134580 screens 17% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "Topco Media Co Fair Value". https://www.fairvalue-calculator.com/stock/134580

Peer Group

Communication Equipment · 288 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 46 · Below median
Fair Value upside −17% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) -1% · Below median
Operating margin (TTM) -1% · Below median
Revenue growth 113% · Top 25%

Valuation Multiples vs Communication Equipment 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 11 · sector 0
FUTURE 100 · sector 30
PAST 0 · sector 15
HEALTH 0 · sector 98
DIVIDEND 0 · sector 25

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is Topco Media Co (134580) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,088 KRW versus a price of 1,307 KRW, about −17% (overvalued).
What is the fair value of 134580?
Our model-based fair value for Topco Media Co is 1,088 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,307 KRW.
What is the quality score of 134580?
Topco Media Co has a Quality Score of 46/100. 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 Topco Media Co (134580)?
Topco Media Co reported trailing-twelve-month revenue of about 54.9B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 134580?
The net profit margin of Topco Media Co is about -1.1%, meaning it is currently running at a net loss. 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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