BCnC Co. Ltd. (146320) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of BCnC Co. Ltd. stock KRW 2,818, price KRW 7,570, that is 62.8% below the price, quality 45 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
56‑month range 7,280 KRW – 26,000 KRW · fair‑value band 1,973 KRW – 3,664 KRW · the 7,570 KRW price screens above the 2,818 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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BCnC Co., Ltd. manufactures and sells semiconductor parts in South Korea and internationally. It offers parts for semiconductor using materials, such as synthetic and natural quartz, silicon, ceramic, and alumina. The company was founded in 2003 and is based in Icheon-si, South Korea.
Stock analysis
BCnC Co. Ltd. (146320) currently trades at 7,570 KRW, while our model-based Fair Value estimate is 2,818 KRW, 63% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 4,104 KRW per share, and 2 of the 13 models we run sit above the 7,570 KRW price.
Bear case: the Earnings-Based group reads lowest at 1,321 KRW, and 11 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,973 KRW (bear) to 3,664 KRW (bull), the price of 7,570 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 45/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
BCnC Co. Ltd. reported revenue of 87.6B KRW in FY2025 versus 64.3B KRW in FY2021, a compound +8.0%/yr. Reported net income was 1.1B KRW in FY2025, compounding −37.1%/yr from FY2021.
Key figures
Market cap 96.1B KRW (≈ $71.1M) Micro · P/E ratio 39.6 · P/S ratio 1.00 · EPS (TTM) 233.86 KRW · Net margin 3.1% · Return on equity 3.8% · Return on assets (EBIT) 4.9% (5-year average) · Operating margin 6.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 58% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −63%, 146320 screens richer than that median.
Fair Value models
Bear1,973 KRWFair Value 2,818 KRWBull3,664 KRW
Price 7,570 KRW · Downside -62.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (200.54 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
EPV327.48 KRW532.18 KRW695.83 KRW72
Residual Income3,088 KRW3,307 KRW3,719 KRW71
ROIC Compounder327.48 KRW532.18 KRW695.83 KRW71
All 13 models by family
Earnings-Based
Graham-Dodd615.12 KRW3,335 KRW4,623 KRW63
Lynch FV924.49 KRW1,321 KRW1,717 KRW61
PEG = 1.0924.49 KRW1,321 KRW1,717 KRW57
EPV327.48 KRW532.18 KRW695.83 KRW72
Multiples
P/E Multiple1,900 KRW2,533 KRW3,166 KRW63
P/S Multiple1,153 KRW1,538 KRW1,922 KRW58
P/B Multiple27,562 KRW36,749 KRW45,937 KRW55
EV/EBITn/a1,409 KRW3,264 KRW61
EV/EBITDA9,518 KRW14,695 KRW19,872 KRW66
Asset-Based
NCAV (Graham)3,062 KRW4,104 KRW6,125 KRW54
Economic Profit
Residual Income3,088 KRW3,307 KRW3,719 KRW71
ROIC Compounder327.48 KRW532.18 KRW695.83 KRW71
Growth Earnings
Growth-Adj P/E1,582 KRW2,260 KRW2,938 KRW67
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+13.2%
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.
+2.2%
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.
+13.1%
Start year 2020 (pandemic)
Revenue growth 6 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.
+17.0%
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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. Basis: EBIT basis. 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.
−9.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.4%
Dividend (yield on the price)0.0%
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.13% → 5%
Price, fair value, quality and upside side by side.
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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.Semiconductor Equipment & Materials · 235 stocks
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Is BCnC Co. Ltd. (146320) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 2,818 KRW versus a price of 7,570 KRW, about 63% lower (overvalued).
What is the fair value of 146320?
Our model-based fair value for BCnC Co. Ltd. is 2,818 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 7,570 KRW.
What is the quality score of 146320?
BCnC Co. Ltd. has a Quality Score of 45/100. 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 BCnC Co. Ltd. (146320)?
Our model-based price target is the fair value of 2,818 KRW (as of Nov 9, 2026) from 13 valuation models. Cautious scenario 1,973 KRW, optimistic scenario 3,664 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the BCnC Co. Ltd. stock forecast for 2026?
Our models put fair value at 2,818 KRW, about 63% lower versus a price of 7,570 KRW (overvalued). Cautious scenario 1,973 KRW, optimistic scenario 3,664 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of BCnC Co. Ltd. (146320)?
BCnC Co. Ltd. reported trailing-twelve-month revenue of about 96.3B KRW (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of BCnC Co. Ltd. (146320)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BCnC Co. Ltd. it is 2,818 KRW per share (as of Nov 9, 2026), against a price of 7,570 KRW. It is the blended result of 13 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is BCnC Co. Ltd. stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 146320 trades above its calculated fair value: price 7,570 KRW, fair value 2,818 KRW, a gap of about −63% (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 146320?
No. The price is what the market pays today (7,570 KRW); the fair value is what the company's own numbers justify (2,818 KRW). For BCnC Co. Ltd. the two are 4,752 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is BCnC Co. Ltd. worth?
The market values BCnC Co. Ltd. at about 96.1B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 7,570 KRW; our models calculate a fair value of 2,818 KRW per share.
What do the bullish and bearish scenarios say about 146320?
Our models span a range for BCnC Co. Ltd.: cautious scenario 1,973 KRW, base 2,818 KRW, optimistic 3,664 KRW per share (as of Nov 9, 2026, price 7,570 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 146320?
BCnC Co. Ltd. trades at a price-to-earnings ratio of 39.6 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2,818 KRW is built from several models across several years. Other multiples: P/B 1.2, P/S 1.0, EV/EBITDA 7.2.
How solid is the balance sheet of BCnC Co. Ltd. (146320)?
Balance-sheet figures for BCnC Co. Ltd. (as of Nov 9, 2026): return on equity 3.8%, debt of 0.34 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 146320 from its 52-week high?
BCnC Co. Ltd. trades at 7,570 KRW, about 58% below its 52-week high of 18,150 KRW and 3% above the low of 7,330 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2,818 KRW is for.
Which stocks are comparable to BCnC Co. Ltd.?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, 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 BCnC Co. Ltd. stock attractive at the current price?
The data as of Nov 9, 2026: price 7,570 KRW, calculated fair value 2,818 KRW (−63%), Quality Score 45/100, from 13 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 146320 calculated?
We run BCnC Co. Ltd. through 13 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2,818 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. BCnC 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 BCnC Co. Ltd. (146320)?
The closing price on Nov 6, 2026 was 7,570 KRW. Our model-based fair value is 2,818 KRW, about 63% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BCnC Co. Ltd. right now?
The price sits above even our optimistic bull case (3,664 KRW). The favourable scenario is already priced in. Weak quality (45/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (1,973 KRW to 3,664 KRW) leaves room in how you read the outcome.
Key figures of BCnC Co. Ltd.
How large is the market capitalisation of BCnC Co. Ltd. (146320)?
The market capitalisation of BCnC Co. Ltd. is 96.1B KRW (≈ $71.1M). 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 BCnC Co. Ltd. (146320)?
The price-to-sales ratio of BCnC Co. Ltd. is 1.00 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BCnC Co. Ltd. (146320)?
Earnings per share at BCnC Co. Ltd. are 233.86 KRW (price ÷ EPS = P/E 39.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of BCnC Co. Ltd. (146320)?
The net margin of BCnC Co. Ltd. is 3.1% (last twelve months). 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 BCnC Co. Ltd. (146320)?
The return on equity (ROE) of BCnC Co. Ltd. is 3.8% (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 BCnC Co. Ltd. (146320)?
On an EBIT basis the return on assets of BCnC Co. Ltd. is 4.9% (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 BCnC Co. Ltd. (146320)?
The operating margin of BCnC Co. Ltd. is 6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BCnC Co. Ltd. (146320)?
Revenue at BCnC Co. Ltd. is growing +22.0% versus a year earlier (3y avg +2.2%). 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 BCnC Co. Ltd. (146320)?
Earnings per share at BCnC Co. Ltd. are growing +276% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BCnC Co. Ltd. (146320) generate?
The free cash flow of BCnC Co. Ltd. is −4.9B 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 BCnC Co. Ltd. (146320) carry?
The net debt of BCnC Co. Ltd. is 76.4B KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 9, 2026