Avatec Co. Ltd (149950) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Avatec Co. Ltd KRW 10,623, price KRW 12,120, upside -12.4%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Avatec Co., Ltd. engages in the production and sale of vacuum thin film coating products for displays. The company offers displays, including LCD and OLED etching/ITO coatings; and tempered glass for touch panel such as mobile, tablet PC, etc.
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Avatec Co., Ltd. engages in the production and sale of vacuum thin film coating products for displays. The company offers displays, including LCD and OLED etching/ITO coatings; and tempered glass for touch panel such as mobile, tablet PC, etc. It also provides various thin film coating products, including index matching ITO; AR and AF coating glass products for touch screen window, and automotive window/room mirror coating; EMI filter glass products; deco glass used for coating on the outside of home appliances such as refrigerators, air-conditioners, humidifiers, etc.; high reflection mirror used for OA components and optical components; low emissivity glass products; and half mirror glass coating, as well as anti-reflection, hard coating, IR-cut window, and oxide coating films, as well as involved in the glass etching process. Avatec Co., Ltd. was founded in 2000 and is headquartered in Daegu, South Korea.
Stock analysis
Avatec Co. Ltd (149950) currently trades at 12,120 KRW, while our model-based Fair Value estimate is 10,623 KRW, implying the stock looks roughly 14.1% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 12,060 KRW per share, and 7 of the 24 models we run sit above the 12,120 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,489 KRW, and 17 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 8,775 KRW (bear) to 13,809 KRW (bull), the price of 12,120 KRW sits inside 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 64/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Avatec Co. Ltd reported revenue of 80.9B KRW in FY2025 versus 80.7B KRW in FY2021, a compound +0.1%/yr. Reported net income was 6.9B KRW in FY2025, compounding +197.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 166B KRW (≈ $122M) · P/S ratio 1.64 · Dividend yield 1.7% · Net margin 8.5% · Return on equity 295% · Return on assets (EBIT) 0.7% · Operating margin 8.9% · Revenue (TTM) 75.0B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 73% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −12%, 149950 screens cheaper than that median.
Fair Value models
Bear 8,775 KRWFair Value 10,623 KRWBull 13,809 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.3%
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.
+3.4%
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.
+1.3%
Start year 2020 (pandemic). Over 10 years: +0.6% a year
Revenue growth 13 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.
−0.5%
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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. 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.
+7.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.7%
Dividend (yield on the price)1.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.6% vs −1%, picking up
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.5% → 8%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +5.3% a year for the price.
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.Electronic Components · 655 stocks
Beats the industry median on 8/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−12% · Above median
Profitability
Return on equity (TTM)295% · Top 25%
Return on assets2% · Below median
Net margin (TTM)7% · Above median
Operating margin (TTM)9% · Above median
Growth and dividend
Revenue growth18% · Above median
Dividend yield (TTM)1.7% · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Is Avatec Co. Ltd (149950) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 10,623 KRW versus a price of 12,120 KRW, about −12% upside (overvalued).
What is the fair value of 149950?
Our model-based fair value for Avatec Co. Ltd is 10,623 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 12,120 KRW.
What is the quality score of 149950?
Avatec Co. Ltd has a Quality Score of 64/100. 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 Avatec Co. Ltd (149950)?
Our model-based price target is the fair value of 10,623 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 8,775 KRW, optimistic scenario 13,809 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Avatec Co. Ltd stock forecast for 2026?
Our models put fair value at 10,623 KRW, about −12% upside versus a price of 12,120 KRW (overvalued). Cautious scenario 8,775 KRW, optimistic scenario 13,809 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Avatec Co. Ltd (149950)?
Avatec Co. Ltd reported trailing-twelve-month revenue of about 75.0B KRW (latest available figure, as of Sep 24, 2026).
Does Avatec Co. Ltd pay a dividend?
Avatec Co. Ltd currently shows a dividend yield of about 1.65% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Avatec Co. Ltd (149950)?
For today's price to be fair in a discounted-cash-flow model, Avatec Co. Ltd would have to grow free cash flow by +7.5 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 149950 use?
Our models discount Avatec Co. Ltd at 12.9 %: a base by market capitalisation (micro), damped by beta 0.91, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Avatec Co. Ltd that is +7.5 % per year a year over ten years, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has Avatec Co. Ltd (149950) delivered so far?
Over the past 5 years revenue at Avatec Co. Ltd grew +1.3 % a year. The price currently implies +7.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Avatec Co. Ltd (149950) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Avatec Co. Ltd (+7.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Avatec Co. Ltd (149950)?
The free-cash-flow yield on the price is 5.75 %: that much free cash flow Avatec Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Avatec Co. Ltd (149950)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Avatec Co. Ltd it is 10,623 KRW per share (as of Sep 24, 2026), against a price of 12,120 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Avatec Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 149950 trades above its calculated fair value: price 12,120 KRW, fair value 10,623 KRW, a gap of about −12% (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 149950?
No. The price is what the market pays today (12,120 KRW); the fair value is what the company's own numbers justify (10,623 KRW). For Avatec Co. Ltd the two are 1,497 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Avatec Co. Ltd worth?
The market values Avatec Co. Ltd at about 166B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 12,120 KRW; our models calculate a fair value of 10,623 KRW per share.
What do the bullish and bearish scenarios say about 149950?
Our models span a range for Avatec Co. Ltd: cautious scenario 8,775 KRW, base 10,623 KRW, optimistic 13,809 KRW per share (as of Sep 24, 2026, price 12,120 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Avatec Co. Ltd (149950)?
Balance-sheet figures for Avatec Co. Ltd (as of Sep 24, 2026): return on equity 294.6%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 149950 from its 52-week high?
Avatec Co. Ltd trades at 12,120 KRW, about 30% below its 52-week high of 17,310 KRW and 73% above the low of 6,990 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 10,623 KRW is for.
Which stocks are comparable to Avatec Co. Ltd?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Avatec Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 12,120 KRW, calculated fair value 10,623 KRW (−12%), Quality Score 64/100, from 24 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 149950 calculated?
We run Avatec Co. Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 10,623 KRW, 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 13.0 % above its aggregate fair value. Avatec 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 Avatec Co. Ltd (149950)?
The closing price on Sep 23, 2026 was 12,120 KRW. Our model-based fair value is 10,623 KRW, about −12% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Avatec Co. Ltd right now?
Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Avatec Co. Ltd
How large is the market capitalisation of Avatec Co. Ltd (149950)?
The market capitalisation of Avatec Co. Ltd is 166B KRW (≈ $122M). 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 Avatec Co. Ltd (149950)?
The price-to-sales ratio of Avatec Co. Ltd is 1.64 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Avatec Co. Ltd (149950)?
The dividend yield of Avatec Co. Ltd is 1.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Avatec Co. Ltd (149950)?
The net margin of Avatec Co. Ltd is 8.5% (fiscal year 2025). 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 Avatec Co. Ltd (149950)?
The return on equity (ROE) of Avatec Co. Ltd is 295% (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 Avatec Co. Ltd (149950)?
On an EBIT basis the return on assets of Avatec Co. Ltd is 0.7% (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 Avatec Co. Ltd (149950)?
The operating margin of Avatec Co. Ltd is 8.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Avatec Co. Ltd (149950)?
Revenue at Avatec Co. Ltd is growing +18.4% versus a year earlier (3y avg +3.4%). 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 Avatec Co. Ltd (149950)?
Earnings per share at Avatec Co. Ltd are growing +130% versus a year earlier. How much earnings per share grew versus a year earlier.
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