DEVICE CO.,Ltd (187870) Fair Value & Analysis
Technology · KR · Market cap 170B KRW
Fair value as of: Jul 22, 2026
From 13 valuation models · updated 19 days ago
Share price −9.5% over the past month.
A solid business, but screening 26% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (11,588 KRW). The favourable scenario is already priced in.
- Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 4,930 KRW – 28,100 KRW · fair‑value band 7,550 KRW – 11,588 KRW · the 12,480 KRW price screens above the 9,222 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.
Analysis
DEVICE CO.,Ltd (187870) currently trades at 12,480 KRW, while our model-based Fair Value estimate is 9,222 KRW, implying the stock looks roughly 26.1% overvalued today. The Quality Score stands at 55/100 (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: medium).
Over the trailing twelve months, DEVICE CO.,Ltd generated revenue of 152B KRW at a net margin of 26.4%. Revenue grew 260.0% year over year. It earns a return on equity of 45.5%. Net debt stands at 10.4B KRW. Fundamentals as of Jul 22, 2026
Our scenario range runs from 7,550 KRW (bear case) to 11,588 KRW (bull case); at 12,480 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 58% below its 52-week high and 136% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -26%, 187870 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.
All 13 models by family
Widest divergence: Growth Earnings (13,562 KRW) versus Asset-Based (8,012 KRW). Highest evidence: Residual Income (76).
Notify me when 187870 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 47
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
DEVICE CO.,Ltd develops and supplies automatic control systems of semiconductors, displays, and material parts to semiconductor, LCD, and FPD manufacturers in South Korea and internationally.
Full company description
DEVICE CO.,Ltd develops and supplies automatic control systems of semiconductors, displays, and material parts to semiconductor, LCD, and FPD manufacturers in South Korea and internationally. The company offers OLED mask cleaners, glass cleaners, auto macro inspection, DIW/chemical incline heating systems, and etcher and strippers for displays; single wafer cleaners, FOUP cleaners, cassette and magazine cleaners, POD cleaners, exhaust reduction systems, metal lift offs, flushing systems, HDIW supply systems, and chemical delivery supply systems for semiconductors; and material parts, such as filters for process and industrial, trays, films and sheets, leak sensors, and al bags. The company was formerly known as Device ENG Co.,Ltd. and changed its name to DEVICE CO.,Ltd in April 2025. The company was incorporated in 2002 and is headquartered in Cheonan-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
DEVICE CO.,Ltd reported revenue of 84.1B KRW in FY2025 versus 125B KRW in FY2021, a compound −9.4%/yr. Reported net income was 16.9B KRW in FY2025, compounding −14.4%/yr from FY2021.
187870 screens 26% overvalued. Compare with ASML Holding →
Peer Group
Semiconductor Equipment & Materials · 212 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.
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASML Holding ASML | C$50.50 | C$15.57 | -69% |
| Applied Materials, Inc AMAT | $579.43 | $143.08 | -75% |
| Lam Research Corporation LRCX | $346.10 | $67.57 | -80% |
| KLA Corporation KLAC | $212.75 | $53.01 | -75% |
| NAURA Technology Group 002371 | ¥774.20 | ¥151.43 | -80% |
| Advanced Micro-Fabrication Equipment Inc 688012 | ¥350.69 | ¥41.79 | -88% |
| Piotech Inc 688072 | ¥832.00 | ¥431.44 | -48% |
| Hon. Precision, Inc 7769 | 6,005 TWD | 1,804 TWD | -70% |
| Hangzhou Changchuan Technology Co 300604 | ¥325.24 | ¥33.33 | -90% |
| MPI Corporation 6223 | 5,600 TWD | 609.44 TWD | -89% |
Compare DEVICE CO.,Ltd with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Technology stocks →
Frequently asked questions
Is DEVICE CO.,Ltd (187870) overvalued or undervalued?
What is the fair value of 187870?
What is the quality score of 187870?
What is the revenue of DEVICE CO.,Ltd (187870)?
What is the net profit margin of 187870?
Does DEVICE CO.,Ltd pay a dividend?
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.
Track DEVICE CO.,Ltd and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.