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New Power Plasma Co (144960) Fair Value & Analysis

Technology · KR · Market cap 372B KRW

NP New Power Plasma Co 144960 · KQ
Price12,000 KRW
Fair Value7,311 KRW
Upside-39.1%
Quality44/100
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Expensive Growth
Thin margins · 2.8% net margin
Low debt · negative free cash flow
0.53% dividend yield
Trails peers (2/9)
Narrow moat 34/100
Evidence: Medium Range 5,922 KRW – 7,311 KRW Share as image

Fair value as of: Jul 20, 2026

From 17 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 4,953 KRW to 7,311 KRW (+47.6%) since Jul 7, 2026. Share price +25.5% over the past month.

Below-average quality, and screening another 39% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (7,311 KRW). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

12,000 KRW 3,098 KRW Fair Value 7,311 KRW Mar 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 3,098 KRW – 12,000 KRW · fair‑value band 5,922 KRW – 7,311 KRW · the 12,000 KRW price screens above the 7,311 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

New Power Plasma Co (144960) currently trades at 12,000 KRW, while our model-based Fair Value estimate is 7,311 KRW, implying the stock looks roughly 39.1% overvalued today. The Quality Score stands at 44/100 (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: medium).

Over the trailing twelve months, New Power Plasma Co generated revenue of 618B KRW at a net margin of 2.8%. Revenue grew 37.3% year over year. It earns a return on equity of 5.4%. Net debt stands at 175B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 5,922 KRW (bear case) to 7,311 KRW (bull case); at 12,000 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 4% below its 52-week high and 157% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -39%, 144960 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
Residual Income 5,183 KRW 5,044 KRW 4,331 KRW 76
ROIC Compounder 4,739 KRW 5,621 KRW 6,405 KRW 72
Gordon GGM 480.95 KRW 1,050 KRW 1,767 KRW 70
All 17 models by family
DCF Models
Owner Earnings 5,679 KRW 13,658 KRW 31,156 KRW 31
Earnings-Based
Graham-Dodd 1,432 KRW 9,989 KRW 14,018 KRW 54
Lynch FV 4,012 KRW 5,731 KRW 7,451 KRW 50
PEG = 1.0 4,012 KRW 5,731 KRW 7,451 KRW 46
EPV 4,739 KRW 5,621 KRW 6,405 KRW 59
Dividend Discount
Gordon GGM 480.95 KRW 1,050 KRW 1,767 KRW 70
DDM Multi-Stage 480.95 KRW 860.12 KRW 1,094 KRW 61
Multiples
P/E Multiple 2,212 KRW 2,949 KRW 3,686 KRW 63
P/S Multiple 2,686 KRW 3,581 KRW 4,476 KRW 58
P/B Multiple 2,686 KRW 3,581 KRW 4,476 KRW 55
EV/EBIT 5,053 KRW 6,824 KRW 8,596 KRW 53
EV/EBITDA 8,521 KRW 11,449 KRW 14,376 KRW 54
EV/Revenue 6,187 KRW 8,950 KRW 11,714 KRW 43
Asset-Based
NCAV (Graham) 3,529 KRW 4,728 KRW 7,057 KRW 50
Economic Profit
Residual Income 5,183 KRW 5,044 KRW 4,331 KRW 76
ROIC Compounder 4,739 KRW 5,621 KRW 6,405 KRW 72
Growth Earnings
Growth-Adj P/E 4,404 KRW 6,292 KRW 8,179 KRW 68

Widest divergence: DCF Models (13,658 KRW) versus Dividend Discount (860.12 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 618B KRW
Revenue growth (YoY) +37.3%
Net margin 2.8%
Return on equity 5.4%
Free cash flow −34.5B KRW FY2025
Operating margin 9.1%
More key figures
Dividend yield 0.5%
EPS growth (YoY) +256%
Net debt 175B KRW FY2025

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

Quality Score breakdown

Overall quality 44/100

Of which business quality 42 · Market factors (momentum, volatility) 77

Profitability 26
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 23
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 97
Distance to the 52-week high (market factor)
Net Issuance 85
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

New Power Plasma Co.,Ltd engages in development and sale of plasma components for wafer and LCD processing in the semiconductor/LDC/OLED industry. The company's products include remote plasma generators, RF generators, and matching network. New Power Plasma Co.,Ltd was founded in 1999 and is headquartered in Suwon-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

New Power Plasma Co reported revenue of 578B KRW in FY2025 versus 310B KRW in FY2021, a compound +16.8%/yr. Reported net income was 8.5B KRW in FY2025, compounding −22.2%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
578B KRW
Latest YoY
+11.2%
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.
+17.9%
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.
+39.7%
Avg. growth/yr (10Y) 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.
+27.6%
Revenue +16.8%/yr
FY21 310B KRW
FY22 353B KRW
FY23 351B KRW
FY24 520B KRW
FY25 578B KRW
Net income −22.2%/yr
FY21 23.2B KRW
FY22 25.6B KRW
FY23 19.3B KRW
FY24 19.1B KRW
FY25 8.5B KRW

144960 screens 39% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "New Power Plasma Co Fair Value". https://www.fairvalue-calculator.com/stock/144960

Peer Group

Semiconductor Equipment & Materials · 212 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 44 · Bottom 25%
Fair Value upside −39% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 9% · Below median
Revenue growth 37% · Top 25%
Dividend yield (TTM) 0.5% · Below median
Debt / equity 0.44× · Higher 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 0 · sector 0
FUTURE 100 · sector 58
PAST 22 · sector 30
HEALTH 78 · sector 96
DIVIDEND 11 · sector 16

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

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is New Power Plasma Co (144960) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 7,311 KRW versus a price of 12,000 KRW, about −39% (overvalued).
What is the fair value of 144960?
Our model-based fair value for New Power Plasma Co is 7,311 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 12,000 KRW.
What is the quality score of 144960?
New Power Plasma Co has a Quality Score of 44/100. 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 New Power Plasma Co (144960)?
New Power Plasma Co reported trailing-twelve-month revenue of about 618B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 144960?
The net profit margin of New Power Plasma Co is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.
Does New Power Plasma Co pay a dividend?
New Power Plasma Co currently shows a dividend yield of about 0.60% 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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