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M.I.TECH Co (179290) Fair Value & Analysis

Healthcare · KR · Market cap 146B KRW

MI M.I.TECH Co 179290 · KQ
Price5,370 KRW
Fair Value7,004 KRW
Upside+30.4%
Quality70/100
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Mixed Growth
Highly profitable · 29.1% net margin
Low debt · generates free cash flow
2.49% dividend yield
Ranks above peers (9/10)
Wide moat 77/100
Evidence: High Range 5,253 KRW – 11,981 KRW Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Share price +22.3% over the past month.

A solid business, screening 30% undervalued on our models.

What matters now

  • The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • A fairly wide model range (5,253 KRW to 11,981 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

15,151 KRW 3,942 KRW Fair Value 7,004 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 3,942 KRW – 15,151 KRW · fair‑value band 5,253 KRW – 11,981 KRW · the 5,370 KRW price screens below the 7,004 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

M.I.TECH Co (179290) currently trades at 5,370 KRW, while our model-based Fair Value estimate is 7,004 KRW, implying the stock looks roughly 30.4% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Healthcare 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, M.I.TECH Co generated revenue of 66.6B KRW at a net margin of 29.1%. Revenue declined 3.0% year over year. It earns a return on equity of 16.4%. Fundamentals as of Jul 20, 2026

Our scenario range runs from 5,253 KRW (bear case) to 11,981 KRW (bull case); at 5,370 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 35% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 30%, 179290 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 5,399 KRW 9,517 KRW 15,895 KRW 80
Residual Income 4,166 KRW 5,510 KRW 17,268 KRW 76
Rev-Margin DCF 3,752 KRW 5,472 KRW 7,830 KRW 74
All 24 models by family
DCF Models
FCF DCF 5,495 KRW 9,336 KRW 17,583 KRW 38
Owner Earnings 8,924 KRW 16,497 KRW 30,721 KRW 31
5Y Revenue Exit 3,752 KRW 5,500 KRW 7,882 KRW 39
5Y EBITDA Exit 4,642 KRW 7,441 KRW 11,065 KRW 41
5Y P/E Exit 6,858 KRW 12,275 KRW 18,815 KRW 38
10Y Revenue Exit 4,220 KRW 6,143 KRW 9,163 KRW 36
10Y EBITDA Exit 4,888 KRW 7,613 KRW 11,981 KRW 37
10Y P/E Exit 6,392 KRW 11,274 KRW 18,841 KRW 35
Earnings-Based
Graham-Dodd 4,272 KRW 23,786 KRW 33,024 KRW 54
Lynch FV 6,645 KRW 9,493 KRW 12,341 KRW 50
PEG = 1.0 6,645 KRW 9,493 KRW 12,341 KRW 46
EPV 6,701 KRW 7,614 KRW 8,412 KRW 59
Multiples
P/E Multiple 6,597 KRW 8,796 KRW 10,995 KRW 63
P/S Multiple 1,867 KRW 2,490 KRW 3,112 KRW 58
P/B Multiple 5,253 KRW 7,004 KRW 8,755 KRW 55
EV/EBIT 6,017 KRW 7,614 KRW 9,211 KRW 53
EV/EBITDA 4,448 KRW 5,522 KRW 6,596 KRW 54
EV/Revenue 2,969 KRW 3,716 KRW 4,463 KRW 43
Asset-Based
NCAV (Graham) 1,945 KRW 2,607 KRW 3,891 KRW 50
Growth DCF
Growth DCF 5,399 KRW 9,517 KRW 15,895 KRW 80
Rev-Margin DCF 3,752 KRW 5,472 KRW 7,830 KRW 74
Economic Profit
Residual Income 4,166 KRW 5,510 KRW 17,268 KRW 76
ROIC Compounder 7,734 KRW 10,387 KRW 14,042 KRW 72
Growth Earnings
Growth-Adj P/E 8,390 KRW 11,986 KRW 15,582 KRW 68

Widest divergence: Growth Earnings (11,986 KRW) versus Asset-Based (2,607 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 66.6B KRW
Revenue growth (YoY) -3.0%
Net margin 29.1%
Return on equity 16.4%
Free cash flow 9.9B KRW FY2025
Operating margin 29.4%
More key figures
Dividend yield 2.5%
EPS growth (YoY) -16.8%

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 68 · Market factors (momentum, volatility) 29

Profitability 64
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 80
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

M.I.TECH Co.,Ltd engages in the provision of various medical devices in South Korea. The company offers HANAROSTENT, a non-vascular stent; and glucometers under the GBIO BASE and RAPICHECK brand names.

Full company description

M.I.TECH Co.,Ltd engages in the provision of various medical devices in South Korea. The company offers HANAROSTENT, a non-vascular stent; and glucometers under the GBIO BASE and RAPICHECK brand names. It also provides beauty systems, such as BRT system which is used in cleansing skin and inject the effective component in non-invasive way; and ClearView which is used in injecting the effective component in non-invasive way and instantly check skin condition before and after treatment. The company was formerly known as Solco Intermed Co., Ltd. and changed its name to M.I.TECH Co.,Ltd in March 1999. M.I.TECH Co.,Ltd was founded in 1991 and is headquartered in Pyeongtaek-Si, South Korea. M.I.TECH Co.,Ltd operates as a subsidiary of Synergy Innovation Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

M.I.TECH Co reported revenue of 67.2B KRW in FY2025 versus 50.3B KRW in FY2021, a compound +7.5%/yr. Reported net income was 20.3B KRW in FY2025, compounding +13.5%/yr from FY2021.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
67.2B KRW
Latest YoY
+24.9%
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.
+6.1%
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.
+10.8%
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.
+18.2%
Revenue +7.5%/yr
FY21 50.3B KRW
FY22 56.2B KRW
FY23 46.4B KRW
FY24 53.8B KRW
FY25 67.2B KRW
Net income +13.5%/yr
FY21 12.2B KRW
FY22 19.1B KRW
FY23 12.8B KRW
FY24 18.3B KRW
FY25 20.3B KRW

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Cite: Fair Value Calculator (2026). "M.I.TECH Co Fair Value". https://www.fairvalue-calculator.com/stock/179290

Peer Group

Medical Instruments & Supplies · 203 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 70 · Top 25%
Fair Value upside +30% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth -3% · Bottom 25%
Dividend yield (TTM) 2.5% · Above median

Valuation Multiples vs Medical Instruments & Supplies 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 74 · sector 0
FUTURE 0 · sector 27
PAST 66 · sector 25
HEALTH 100 · sector 96
DIVIDEND 50 · sector 32

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is M.I.TECH Co (179290) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 7,004 KRW versus a price of 5,370 KRW, about +30% (undervalued).
What is the fair value of 179290?
Our model-based fair value for M.I.TECH Co is 7,004 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 5,370 KRW.
What is the quality score of 179290?
M.I.TECH Co has a Quality Score of 70/100. 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 M.I.TECH Co (179290)?
M.I.TECH Co reported trailing-twelve-month revenue of about 66.6B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 179290?
The net profit margin of M.I.TECH Co is about 29.1%, meaning it keeps roughly 29.1% of revenue as net income. Based on the latest reported figures.
Does M.I.TECH Co pay a dividend?
M.I.TECH Co currently shows a dividend yield of about 2.48% relative to its recent price (as of Jul 20, 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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