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ATON Inc (158430) Fair Value & Analysis

Technology · KR · Market cap 96.4B KRW

AI ATON Inc 158430 · KQ
Price4,520 KRW
Fair Value1,159 KRW
Upside-74.4%
Quality39/100
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Mixed Growth
Thin margins · 1.6% net margin
Low debt · generates free cash flow
1.34% dividend yield
Trails peers (2/10)
Narrow moat 31/100
Evidence: Medium Range 801.35 KRW – 1,701 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Share price +12.3% over the past month.

Below-average quality, and screening another 74% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,701 KRW). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (801.35 KRW to 1,701 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

12,619 KRW 3,048 KRW Fair Value 1,159 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 3,048 KRW – 12,619 KRW · fair‑value band 801.35 KRW – 1,701 KRW · the 4,520 KRW price screens above the 1,159 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

ATON Inc (158430) currently trades at 4,520 KRW, while our model-based Fair Value estimate is 1,159 KRW, implying the stock looks roughly 74.4% overvalued today. The Quality Score stands at 39/100 (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, ATON Inc generated revenue of 65.4B KRW at a net margin of 1.6%. Revenue declined 12.8% year over year. It earns a return on equity of 2.0%. Net debt stands at 2.5B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 801.35 KRW (bear case) to 1,701 KRW (bull case); at 4,520 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 67% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -74%, 158430 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 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
Growth DCF 971.89 KRW 1,363 KRW 2,059 KRW 80
Residual Income 2,796 KRW 2,625 KRW 2,001 KRW 76
Rev-Margin DCF 3,338 KRW 6,315 KRW 10,378 KRW 74
All 24 models by family
DCF Models
FCF DCF 981.55 KRW 1,405 KRW 2,259 KRW 38
Owner Earnings 3,258 KRW 5,901 KRW 10,826 KRW 31
5Y Revenue Exit 3,338 KRW 6,500 KRW 11,087 KRW 39
5Y EBITDA Exit 4,391 KRW 8,783 KRW 14,646 KRW 41
5Y P/E Exit 1,277 KRW 2,029 KRW 2,935 KRW 38
10Y Revenue Exit 2,435 KRW 5,215 KRW 10,040 KRW 36
10Y EBITDA Exit 3,287 KRW 6,938 KRW 13,172 KRW 37
10Y P/E Exit 1,178 KRW 1,841 KRW 2,866 KRW 35
Earnings-Based
Graham-Dodd 427.39 KRW 2,338 KRW 3,243 KRW 54
Lynch FV 649.81 KRW 928.31 KRW 1,207 KRW 50
PEG = 1.0 649.81 KRW 928.31 KRW 1,207 KRW 46
EPV 4,122 KRW 4,722 KRW 5,247 KRW 59
Multiples
P/E Multiple 942.76 KRW 1,257 KRW 1,571 KRW 63
P/S Multiple 801.35 KRW 1,068 KRW 1,336 KRW 58
P/B Multiple 801.35 KRW 1,068 KRW 1,336 KRW 55
EV/EBIT 6,193 KRW 8,084 KRW 9,976 KRW 53
EV/EBITDA 6,228 KRW 8,131 KRW 10,033 KRW 54
EV/Revenue 4,344 KRW 5,983 KRW 7,622 KRW 43
Asset-Based
NCAV (Graham) 2,014 KRW 2,699 KRW 4,028 KRW 50
Growth DCF
Growth DCF 971.89 KRW 1,363 KRW 2,059 KRW 80
Rev-Margin DCF 3,338 KRW 6,315 KRW 10,378 KRW 74
Economic Profit
Residual Income 2,796 KRW 2,625 KRW 2,001 KRW 76
ROIC Compounder 4,185 KRW 5,650 KRW 7,004 KRW 72
Growth Earnings
Growth-Adj P/E 923.80 KRW 1,320 KRW 1,716 KRW 68

Widest divergence: DCF Models (5,215 KRW) versus Earnings-Based (928.31 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 65.4B KRW
Revenue growth (YoY) -12.8%
Net margin 1.6%
Return on equity 2.0%
Free cash flow 824M KRW FY2025
Operating margin 2.9%
More key figures
Dividend yield 1.0%
EPS growth (YoY) -26.2%
Net debt 2.5B KRW FY2024

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

Quality Score breakdown

Overall quality 39/100

Of which business quality 41 · Market factors (momentum, volatility) 11

Profitability 29
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 21
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

ATON Inc. engages in the provision and operation of mobile financial solutions, content, and financial services in South Korea. It operates through Service Business, Solution Business, Used Car Business, and Manufacturing Sector segments.

Full company description

ATON Inc. engages in the provision and operation of mobile financial solutions, content, and financial services in South Korea. It operates through Service Business, Solution Business, Used Car Business, and Manufacturing Sector segments. The company offers fintech security solutions, such as mSafeBox, a solution that protects applications through software-based security media without hardware devices used in finance and communications; mOTP, an OTP authentication solution to enhance security during financial transactions; and mPKI, a private certificate solution to replace inconvenient public certificate. It also provides fintech services through a platform, including electronic signatures, payments, and investments to services; PASS, a mobile phone identity verification service; and PASS Certificate, an electronic signature service for telecommunications customers. In addition, the company develops and operates smart financial systems for domestic financial institutions and companies; and Timoney Solution, a payment solution for T-money transportation card operation. Further, it engages in the business of used car information service and related development station; robo-advisor asset management solutions; operation of stock loan related system; electronic equipment design and sales; and plastic product manufacturing. The company serves financial and telecommunication companies. ATON Inc. was founded in 1999 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ATON Inc reported revenue of 67.6B KRW in FY2025 versus 43.3B KRW in FY2021, a compound +11.8%/yr. Reported net income was 1.5B KRW in FY2025, compounding +5.7%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
67.6B KRW
Latest YoY
+3.3%
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.
+14.7%
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.
+18.4%
Avg. growth/yr (8Y) 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.
+13.9%
Revenue +11.8%/yr
FY21 43.3B KRW
FY22 44.7B KRW
FY23 55.0B KRW
FY24 65.4B KRW
FY25 67.6B KRW
Net income +5.7%/yr
FY21 1.2B KRW
FY22 17.0B KRW
FY23 9.2B KRW
FY24 10.5B KRW
FY25 1.5B KRW

158430 screens 74% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "ATON Inc Fair Value". https://www.fairvalue-calculator.com/stock/158430

Peer Group

Software - Application · 709 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 39 · Bottom 25%
Fair Value upside −74% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 4% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -13% · Bottom 25%
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/FCF 0.1× · 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 0 · sector 0
FUTURE 0 · sector 38
PAST 8 · sector 13
HEALTH 94 · sector 98
DIVIDEND 27 · sector 28

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is ATON Inc (158430) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,159 KRW versus a price of 4,520 KRW, about −74% (overvalued).
What is the fair value of 158430?
Our model-based fair value for ATON Inc is 1,159 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 4,520 KRW.
What is the quality score of 158430?
ATON Inc has a Quality Score of 39/100. 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 ATON Inc (158430)?
ATON Inc reported trailing-twelve-month revenue of about 65.4B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 158430?
The net profit margin of ATON Inc is about 1.6%, meaning it keeps roughly 1.6% of revenue as net income. Based on the latest reported figures.
Does ATON Inc pay a dividend?
ATON Inc currently shows a dividend yield of about 0.99% 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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