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Avatec Co (149950) Fair Value & Analysis

Technology · KR · Market cap 123B KRW

AC Avatec Co 149950 · KQ
Price8,580 KRW
Fair Value10,124 KRW
Upside+18.0%
Quality64/100
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Weak Growth
Thin margins · 6.8% net margin
generates free cash flow
2.31% dividend yield
Ranks above peers (9/9)
Moderate moat 52/100
Evidence: High Range 7,593 KRW – 12,656 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Share price −12.6% over the past month.

A solid business, screening 18% undervalued on our models.

What matters now

  • Our model range runs from 7,593 KRW (bear) to 12,656 KRW (bull), base 10,124 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 64/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

25,115 KRW 6,557 KRW Fair Value 10,124 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 6,557 KRW – 25,115 KRW · fair‑value band 7,593 KRW – 12,656 KRW · the 8,580 KRW price screens below the 10,124 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Avatec Co (149950) currently trades at 8,580 KRW, while our model-based Fair Value estimate is 10,124 KRW, implying the stock looks roughly 18.0% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Avatec Co generated revenue of 75.0B KRW at a net margin of 6.8%. Revenue grew 18.4% year over year. It earns a return on equity of 294.6%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 7,593 KRW (bear case) to 12,656 KRW (bull case); at 8,580 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 56% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 18%, 149950 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 8,437 KRW 8,475 KRW 7,922 KRW 76
Growth DCF 10,859 KRW 13,383 KRW 17,798 KRW 72
Gordon GGM 1,836 KRW 2,010 KRW 2,275 KRW 70
All 24 models by family
DCF Models
FCF DCF 10,554 KRW 13,146 KRW 18,071 KRW 38
Owner Earnings 13,721 KRW 17,514 KRW 24,720 KRW 31
5Y Revenue Exit 8,653 KRW 10,496 KRW 13,202 KRW 39
5Y EBITDA Exit 11,434 KRW 15,281 KRW 20,432 KRW 41
5Y P/E Exit 10,351 KRW 13,418 KRW 17,127 KRW 38
10Y Revenue Exit 9,233 KRW 10,752 KRW 12,368 KRW 36
10Y EBITDA Exit 11,035 KRW 13,767 KRW 16,734 KRW 37
10Y P/E Exit 10,375 KRW 12,593 KRW 14,738 KRW 35
Earnings-Based
Graham-Dodd 3,442 KRW 4,623 KRW 5,341 KRW 54
EPV 7,390 KRW 8,003 KRW 8,539 KRW 59
Dividend Discount
Gordon GGM 1,836 KRW 2,010 KRW 2,275 KRW 70
DDM Multi-Stage 1,836 KRW 2,346 KRW 3,032 KRW 61
Multiples
P/E Multiple 7,593 KRW 10,124 KRW 12,656 KRW 63
P/S Multiple 6,454 KRW 8,606 KRW 10,757 KRW 58
P/B Multiple 6,454 KRW 8,606 KRW 10,757 KRW 55
EV/EBIT 9,786 KRW 11,810 KRW 13,834 KRW 53
EV/EBITDA 13,352 KRW 16,565 KRW 19,778 KRW 54
EV/Revenue 7,807 KRW 9,561 KRW 11,315 KRW 43
Asset-Based
NCAV (Graham) 5,561 KRW 7,452 KRW 11,122 KRW 50
Growth DCF
Growth DCF 10,859 KRW 13,383 KRW 17,798 KRW 72
Rev-Margin DCF 8,653 KRW 10,655 KRW 13,181 KRW 67
Economic Profit
Residual Income 8,437 KRW 8,475 KRW 7,922 KRW 76
ROIC Compounder 7,390 KRW 8,003 KRW 8,539 KRW 67
Growth Earnings
Growth-Adj P/E 5,372 KRW 7,674 KRW 9,977 KRW 68

Widest divergence: DCF Models (13,146 KRW) versus Dividend Discount (2,010 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 75.0B KRW
Revenue growth (YoY) +18.4%
Net margin 6.8%
Return on equity 295%
Free cash flow 9.5B KRW FY2025
Operating margin 8.9%
More key figures
Dividend yield 1.4%
EPS growth (YoY) +130%

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 63 · Market factors (momentum, volatility) 28

Profitability 31
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 84
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Avatec Co 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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
80.9B KRW
Latest YoY
−4.3%
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.
+3.4%
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.
+1.3%
Avg. growth/yr (13Y) 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.
−0.5%
Revenue +0.1%/yr
FY21 80.7B KRW
FY22 73.2B KRW
FY23 75.8B KRW
FY24 84.5B KRW
FY25 80.9B KRW
Net income +197.9%/yr
FY21 87.9M KRW
FY22 −4.3B KRW
FY23 4.8B KRW
FY24 8.9B KRW
FY25 6.9B KRW

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Cite: Fair Value Calculator (2026). "Avatec Co Fair Value". https://www.fairvalue-calculator.com/stock/149950

Peer Group

Electronic Components · 625 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 64 · Top 25%
Fair Value upside +18% · Top 25%
Return on equity (TTM) 295% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 18% · Above median
Dividend yield (TTM) 2.3% · Above median

Valuation Multiples vs Electronic Components 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 57 · sector 0
FUTURE 92 · sector 32
PAST 100 · sector 24
HEALTH 0 · sector 95
DIVIDEND 46 · 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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Avatec Co (149950) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 10,124 KRW versus a price of 8,580 KRW, about +18% (undervalued).
What is the fair value of 149950?
Our model-based fair value for Avatec Co is 10,124 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 8,580 KRW.
What is the quality score of 149950?
Avatec Co 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 revenue of Avatec Co (149950)?
Avatec Co reported trailing-twelve-month revenue of about 75.0B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 149950?
The net profit margin of Avatec Co is about 6.8%, meaning it keeps roughly 6.8% of revenue as net income. Based on the latest reported figures.
Does Avatec Co pay a dividend?
Avatec Co currently shows a dividend yield of about 1.43% relative to its recent price (as of Jul 22, 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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