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SUNIC SYSTEM Co (171090) Fair Value & Analysis

Technology · KR · Market cap 522B KRW

SS SUNIC SYSTEM Co 171090 · KQ
Price70,300 KRW
Fair Value54,658 KRW
Upside-22.3%
Quality74/100
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Healthy Growth
Solidly profitable · 15.6% net margin
Low debt · generates free cash flow
1.93% dividend yield
Ranks above peers (8/10)
Wide moat 75/100
Evidence: High Range 40,843 KRW – 145,236 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 170,475 KRW to 54,658 KRW (−67.9%) since Jun 25, 2026. Share price +28.3% over the past month.

A solid business, but screening 22% overvalued on our models.

What matters now

  • A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The model range is unusually wide (40,843 KRW to 145,236 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

131,000 KRW 12,706 KRW Fair Value 54,658 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 12,706 KRW – 131,000 KRW · fair‑value band 40,843 KRW – 145,236 KRW · the 70,300 KRW price screens above the 54,658 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

SUNIC SYSTEM Co (171090) currently trades at 70,300 KRW, while our model-based Fair Value estimate is 54,658 KRW, implying the stock looks roughly 22.3% overvalued today. The Quality Score stands at 74/100 (solid 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: high).

Over the trailing twelve months, SUNIC SYSTEM Co generated revenue of 516B KRW at a net margin of 15.6%. Revenue grew 1.3% year over year. It earns a return on equity of 70.4%. Net debt stands at 16.6B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 40,843 KRW (bear case) to 145,236 KRW (bull case); at 70,300 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 51% below its 52-week high and 116% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -22%, 171090 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
Growth DCF 138,307 KRW 274,233 KRW 502,514 KRW 80
Residual Income 100,625 KRW 178,000 KRW 5,268,878 KRW 76
Rev-Margin DCF 137,233 KRW 239,354 KRW 452,812 KRW 74
All 24 models by family
DCF Models
FCF DCF 145,956 KRW 227,419 KRW 493,784 KRW 38
Owner Earnings 144,869 KRW 322,067 KRW 710,697 KRW 31
5Y Revenue Exit 125,317 KRW 210,911 KRW 390,355 KRW 39
5Y EBITDA Exit 139,198 KRW 238,991 KRW 434,807 KRW 41
5Y P/E Exit 163,898 KRW 359,206 KRW 626,944 KRW 38
10Y Revenue Exit 129,134 KRW 276,933 KRW 373,610 KRW 36
10Y EBITDA Exit 143,950 KRW 307,530 KRW 593,557 KRW 37
10Y P/E Exit 162,387 KRW 361,974 KRW 693,925 KRW 35
Earnings-Based
Graham-Dodd 68,175 KRW 475,444 KRW 667,214 KRW 54
Lynch FV 245,631 KRW 350,902 KRW 456,172 KRW 50
PEG = 1.0 245,631 KRW 350,902 KRW 456,172 KRW 46
EPV 117,192 KRW 135,590 KRW 151,944 KRW 59
Multiples
P/E Multiple 150,386 KRW 200,515 KRW 250,644 KRW 63
P/S Multiple 100,446 KRW 133,928 KRW 167,410 KRW 58
P/B Multiple 33,608 KRW 44,810 KRW 56,013 KRW 55
EV/EBIT 169,320 KRW 221,448 KRW 273,575 KRW 53
EV/EBITDA 131,351 KRW 170,822 KRW 210,293 KRW 54
EV/Revenue 106,686 KRW 146,864 KRW 187,043 KRW 43
Asset-Based
NCAV (Graham) 7,468 KRW 10,008 KRW 14,937 KRW 50
Growth DCF
Growth DCF 138,307 KRW 274,233 KRW 502,514 KRW 80
Rev-Margin DCF 137,233 KRW 239,354 KRW 452,812 KRW 74
Economic Profit
Residual Income 100,625 KRW 178,000 KRW 5,268,878 KRW 76
ROIC Compounder 120,462 KRW 144,335 KRW 168,843 KRW 72
Growth Earnings
Growth-Adj P/E 316,513 KRW 452,162 KRW 587,810 KRW 68

Widest divergence: Growth Earnings (452,162 KRW) versus Asset-Based (10,008 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 516B KRW
Revenue growth (YoY) +1.3%
Net margin 15.6%
Return on equity 70.4%
Free cash flow 71.7B KRW FY2025
Operating margin 9.2%
More key figures
Dividend yield 1.9%
EPS growth (YoY) +50,436%
Net debt 16.6B KRW FY2024

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

Quality Score breakdown

Overall quality 74/100

Of which business quality 73 · Market factors (momentum, volatility) 46

Profitability 89
Margins and returns on capital today
Quality Growth 96
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 28
Disciplined investing over empire-building
Low Volatility 11
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 72
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

SUNIC SYSTEM Co., Ltd. manufactures and sells OLED deposition equipment and semiconductor vacuum equipment in Korea. It offers OLED equipment, such as medium/big and medium/small sized cluster type, as well as medium/small sized inline type evaporation equipment systems. The company was founded in 1990 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

SUNIC SYSTEM Co reported revenue of 516B KRW in FY2025 versus 46.2B KRW in FY2021, a compound +82.8%/yr. Reported net income was 96.5B KRW in FY2025.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
516B KRW
Latest YoY
+356.7%
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.
+91.0%
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.
+51.0%
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.
+33.4%
Revenue +82.8%/yr
FY21 46.2B KRW
FY22 74.1B KRW
FY23 62.4B KRW
FY24 113B KRW
FY25 516B KRW
Net income
FY21 −10.2B KRW
FY22 −3.2B KRW
FY23 −9.2B KRW
FY24 −28.1B KRW
FY25 96.5B KRW

171090 screens 22% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "SUNIC SYSTEM Co Fair Value". https://www.fairvalue-calculator.com/stock/171090

Peer Group

Semiconductors · 318 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 74 · Top 25%
Fair Value upside −22% · Above median
Return on equity (TTM) 70% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 16% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 1% · Below median
Dividend yield (TTM) 1.9% · Above median
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Semiconductors 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 4 · sector 0
FUTURE 7 · sector 60
PAST 100 · sector 25
HEALTH 91 · sector 97
DIVIDEND 39 · sector 22

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

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is SUNIC SYSTEM Co (171090) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 54,658 KRW versus a price of 70,300 KRW, about −22% (overvalued).
What is the fair value of 171090?
Our model-based fair value for SUNIC SYSTEM Co is 54,658 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 70,300 KRW.
What is the quality score of 171090?
SUNIC SYSTEM Co has a Quality Score of 74/100. 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 SUNIC SYSTEM Co (171090)?
SUNIC SYSTEM Co reported trailing-twelve-month revenue of about 516B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 171090?
The net profit margin of SUNIC SYSTEM Co is about 15.6%, meaning it keeps roughly 15.6% of revenue as net income. Based on the latest reported figures.
Does SUNIC SYSTEM Co pay a dividend?
SUNIC SYSTEM Co currently shows a dividend yield of about 1.29% 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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