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Park Systems Corp (140860) Fair Value & Analysis

Technology · KR · Market cap 1.8T KRW

PS Park Systems Corp 140860 · KQ
Price250,500 KRW
Fair Value93,561 KRW
Upside-62.7%
Quality46/100
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Expensive Growth
Solidly profitable · 12.7% net margin
Low debt · negative free cash flow
0.19% dividend yield
Trails peers (3/9)
Moderate moat 47/100
Evidence: High Range 70,164 KRW – 153,821 KRW Share as image

Fair value as of: Jul 17, 2026

From 16 valuation models · updated 23 days ago

Share price −7.4% over the past month.

Below-average quality, and screening another 63% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (153,821 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (70,164 KRW to 153,821 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

339,500 KRW 88,366 KRW Fair Value 93,561 KRW Mar 2021 Aug 2026

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 88,366 KRW – 339,500 KRW · fair‑value band 70,164 KRW – 153,821 KRW · the 250,500 KRW price screens above the 93,561 KRW fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Park Systems Corp (140860) currently trades at 250,500 KRW, while our model-based Fair Value estimate is 93,561 KRW, implying the stock looks roughly 62.7% 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, Park Systems Corp generated revenue of 194B KRW at a net margin of 12.7%. Revenue declined 22.7% year over year. It earns a return on equity of 11.5%. Net debt stands at 182M KRW. Fundamentals as of Jul 17, 2026

Our scenario range runs from 70,164 KRW (bear case) to 153,821 KRW (bull case); at 250,500 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 29% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -63%, 140860 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income 34,495 KRW 47,386 KRW 178,360 KRW 76
ROIC Compounder 76,897 KRW 117,871 KRW 153,806 KRW 72
Gordon GGM 4,800 KRW 10,480 KRW 17,633 KRW 70
All 16 models by family
Earnings-Based
Graham-Dodd 33,722 KRW 235,170 KRW 330,026 KRW 54
Lynch FV 82,826 KRW 118,323 KRW 153,821 KRW 50
PEG = 1.0 82,826 KRW 118,323 KRW 153,821 KRW 46
EPV 59,351 KRW 68,993 KRW 77,563 KRW 59
Dividend Discount
Gordon GGM 4,800 KRW 10,480 KRW 17,633 KRW 70
DDM Multi-Stage 4,800 KRW 8,585 KRW 10,922 KRW 61
Multiples
P/E Multiple 74,386 KRW 99,181 KRW 123,977 KRW 63
P/S Multiple 55,455 KRW 73,940 KRW 92,425 KRW 58
P/B Multiple 63,228 KRW 84,304 KRW 105,380 KRW 55
EV/EBIT 86,669 KRW 113,986 KRW 141,304 KRW 53
EV/EBITDA 74,906 KRW 98,303 KRW 121,700 KRW 54
EV/Revenue 56,474 KRW 78,656 KRW 100,838 KRW 43
Asset-Based
NCAV (Graham) 16,191 KRW 21,696 KRW 32,382 KRW 50
Economic Profit
Residual Income 34,495 KRW 47,386 KRW 178,360 KRW 76
ROIC Compounder 76,897 KRW 117,871 KRW 153,806 KRW 72
Growth Earnings
Growth-Adj P/E 105,628 KRW 150,897 KRW 196,166 KRW 68

Widest divergence: Growth Earnings (150,897 KRW) versus Dividend Discount (8,585 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 194B KRW
Revenue growth (YoY) -22.7%
Net margin 12.7%
Return on equity 11.5%
Free cash flow −29.8B KRW FY2025
Operating margin 5.3%
More key figures
Dividend yield 0.2%
EPS growth (YoY) -65.8%
Net debt 182M KRW FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 51 · Market factors (momentum, volatility) 31

Profitability 60
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 80
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

Park Systems Corp. develops, manufactures, and sells atomic force microscopy (AFM) systems worldwide. It provides AFM for research and surface analysis, and in-line metrology; photomask repair; optical profilometry; and nano infrared spectroscopy services.

Full company description

Park Systems Corp. develops, manufactures, and sells atomic force microscopy (AFM) systems worldwide. It provides AFM for research and surface analysis, and in-line metrology; photomask repair; optical profilometry; and nano infrared spectroscopy services. The company also offers ellipsometry for thin film characterization; active vibration isolation; and software, including Park SmartAnalysis, SmartScan, and SmartLitho. Its products are used in semiconductor, polymer, metal and ceramic, thin film, life science, 2D-material, surface engineering, anisotropic films, photonics, and display, as well as AFM exclusive applications. The company was formerly known as PSIA and changed its name to Park Systems Corp. in April 2007. Park Systems Corp. was founded in 1997 and is headquartered in Gwacheon-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Park Systems Corp reported revenue of 206B KRW in FY2025 versus 85.3B KRW in FY2021, a compound +24.6%/yr. Reported net income was 34.5B KRW in FY2025, compounding +39.6%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
206B KRW
Latest YoY
+17.5%
Avg. growth/yr (3Y)
+18.2%
Avg. growth/yr (5Y)
+23.6%
Avg. growth/yr (11Y)
+26.6%
Revenue +24.6%/yr
FY21 85.3B KRW
FY22 125B KRW
FY23 145B KRW
FY24 175B KRW
FY25 206B KRW
Net income +39.6%/yr
FY21 9.1B KRW
FY22 28.0B KRW
FY23 24.6B KRW
FY24 42.8B KRW
FY25 34.5B KRW

140860 screens 63% overvalued. Compare with Keysight Technologies, Inc →

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Cite: Fair Value Calculator (2026). "Park Systems Corp Fair Value". https://www.fairvalue-calculator.com/stock/140860

Peer Group

Scientific & Technical Instruments · 161 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 −63% · Below median
Return on equity (TTM) 11% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 13% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth -23% · Bottom 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.19× · Higher than 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 · sector 0
FUTURE 0 · sector 34
PAST 46 · sector 25
HEALTH 91 · sector 98
DIVIDEND 4 · sector 24

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.

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $315.90 $84.16 -73%
Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is Park Systems Corp (140860) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 93,561 KRW versus a price of 250,500 KRW, about −63% (overvalued).
What is the fair value of 140860?
Our model-based fair value for Park Systems Corp is 93,561 KRW (as of Jul 17, 2026), built from audited fundamentals. The current price is 250,500 KRW.
What is the quality score of 140860?
Park Systems Corp 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 Park Systems Corp (140860)?
Park Systems Corp reported trailing-twelve-month revenue of about 194B KRW (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 140860?
The net profit margin of Park Systems Corp is about 12.7%, meaning it keeps roughly 12.7% of revenue as net income. Based on the latest reported figures.
Does Park Systems Corp pay a dividend?
Park Systems Corp currently shows a dividend yield of about 0.18% relative to its recent price (as of Jul 17, 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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