FORCS Co (189690) Fair Value & Analysis
Technology · KR · Market cap 45.9B KRW
Fair value as of: Jun 25, 2026
Analysis
FORCS Co (189690) currently trades at 1,609 KRW, while our model-based Fair Value estimate is 3,089 KRW — implying the stock looks roughly 92.0% undervalued today. We read business quality at 95/100 (high 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.
About the company
FORCS Co.,Ltd. provides enterprise e-form and reporting solutions in South Korea and internationally. The company offers OZ e-Form, that converts paper documents and static forms created with pdf, Microsoft Word, Excel, or any other applications into dynamic fillable eForms; and OZ Report, an enterprise-level reporting solution, which comprises development, operational, and management tools for mobile and web environments that supports various steps of the business reporting process. It also provides eformsign, an on-premise esignature platform for enterprises to streamline document management processes and ensure security and compliance. The company serves clients in the banking, insurance, government, manufacturing, telecommunications, automotive, health care, food and beverages, education, and human resources industries. FORCS Co.,Ltd. was founded in 1995 and is headquartered in Seoul, South Korea.
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.