DreamTech Co Ltd (192650) fair value: what the stock is really worth
We calculate from audited financials what DreamTech Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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DREAMTECH Co., Ltd. engages in the design, development, and manufacture of modules in South Korea and internationally.
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DREAMTECH Co., Ltd. engages in the design, development, and manufacture of modules in South Korea and internationally. It offers various PBA modules for smartphones and wearables; fingerprint sensor modules for biometric, convergence solutions, and medical systems; optical sensors for office appliances; and compact camera modules for IT devices and automotive applications. The company also engages in manufacturing various IT devices and components, such as smartphones, wireless earphones, laptops, etc. Its products are used in smartphones, fingerprint recognition, medical/healthcare devices, and convergence applications. DREAMTECH Co., Ltd. was founded in 1998 and is headquartered in Seongnam-si, South Korea.
Stock analysis
DreamTech Co Ltd (192650) currently trades at 6,390 KRW, while our model-based Fair Value estimate is 3,538 KRW, implying the stock looks roughly 80.6% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 12,291 KRW per share, and 13 of the 24 models we run sit above the 6,390 KRW price.
Bear case: the Economic Profit group reads lowest at 3,462 KRW, and 11 of the 24 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
DreamTech Co Ltd reported revenue of 1.2T KRW in FY2025 versus 1.2T KRW in FY2021, a compound 0.0%/yr. Reported net income was 92.2M KRW in FY2025, compounding −80.9%/yr from FY2021.
Key figures
Market cap 431B KRW (≈ $302M) · P/S ratio 0.25 · Dividend yield 3.5% · Net margin 0.0% · Return on equity 0.7% · Return on assets (EBIT) 7.1% · Operating margin 0.2% · Revenue (TTM) 1.2T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 50% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −65% fair-value upside, at −45%, 192650 screens cheaper than that median.
Fair Value models
Bear 3,538 KRWFair Value 3,538 KRWBull 3,538 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−3.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.3%
Revenue growth 9 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.2%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+2.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.4%
Dividend (yield on the price)3.5%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 3%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−6.2%
Yearly growth needed for the next five years to justify today's price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Electronic Components · 644 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Profitability
Return on equity (TTM)1% · Below median
Return on assets2% · Below median
Net margin (TTM)−1% · Bottom 25%
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth−24% · Bottom 25%
Dividend yield (TTM)3.5% · Top 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/FCF0.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 41
PAST (return on equity)3· sector 26
HEALTH (low debt)96· sector 95
DIVIDEND (yield)71· sector 25
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "DreamTech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/192650
Frequently asked questions
Is DreamTech Co Ltd (192650) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 3,538 KRW versus a price of 6,390 KRW, about −45% upside (overvalued).
What is the fair value of 192650?
Our model-based fair value for DreamTech Co Ltd is 3,538 KRW (as of Sep 13, 2026), built from audited fundamentals. The current price: 6,390 KRW.
What is the quality score of 192650?
DreamTech Co Ltd has a Quality Score of 61/100. 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 price target for DreamTech Co Ltd (192650)?
Our model-based price target is the fair value of 3,538 KRW (as of Sep 13, 2026) from 24 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the DreamTech Co Ltd stock forecast for 2026?
Our models put fair value at 3,538 KRW, about −45% upside versus a price of 6,390 KRW (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of DreamTech Co Ltd (192650)?
DreamTech Co Ltd reported trailing-twelve-month revenue of about 1.2T KRW (latest available figure, as of Sep 13, 2026).
Does DreamTech Co Ltd pay a dividend?
DreamTech Co Ltd currently shows a dividend yield of about 3.54% relative to its recent price (as of Sep 13, 2026).
What growth is priced into DreamTech Co Ltd (192650)?
For today's price to be fair in a discounted-cash-flow model, DreamTech Co Ltd would have to grow free cash flow by -6.2 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.3 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 192650 use?
Our models discount DreamTech Co Ltd at 10.2 %: a base by market capitalisation (small), damped by beta 0.51, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For DreamTech Co Ltd that is -6.2 % per year a year over ten years, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has DreamTech Co Ltd (192650) delivered so far?
Over the past 5 years revenue at DreamTech Co Ltd grew +3.3 % a year. The price currently implies -6.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of DreamTech Co Ltd (192650) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into DreamTech Co Ltd (-6.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of DreamTech Co Ltd (192650)?
The free-cash-flow yield on the price is 14.40 %: that much free cash flow DreamTech Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of DreamTech Co Ltd (192650)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DreamTech Co Ltd it is 3,538 KRW per share (as of Sep 13, 2026), against a price of 6,390 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is DreamTech Co Ltd stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 192650 trades above its calculated fair value: price 6,390 KRW, fair value 3,538 KRW, a gap of about −45% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 192650?
No. The price is what the market pays today (6,390 KRW); the fair value is what the company's own numbers justify (3,538 KRW). For DreamTech Co Ltd the two are 2,852 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is DreamTech Co Ltd worth?
The market values DreamTech Co Ltd at about 431B KRW (market capitalisation, as of Sep 13, 2026). Per share that is 6,390 KRW; our models calculate a fair value of 3,538 KRW per share.
How solid is the balance sheet of DreamTech Co Ltd (192650)?
Balance-sheet figures for DreamTech Co Ltd (as of Sep 13, 2026): return on equity 0.7%, debt of 0.07 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 192650 from its 52-week high?
DreamTech Co Ltd trades at 6,390 KRW, about 30% below its 52-week high of 9,120 KRW and 50% above the low of 4,250 KRW (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 3,538 KRW is for.
Which stocks are comparable to DreamTech Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Corning Incorporated, Delta Electronics, Inc, Hon Hai Precision Industry Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is DreamTech Co Ltd stock attractive at the current price?
The data as of Sep 13, 2026: price 6,390 KRW, calculated fair value 3,538 KRW (−45%), Quality Score 61/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 192650 calculated?
We run DreamTech Co Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 3,538 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. DreamTech Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with DreamTech Co Ltd right now?
The price sits above even our optimistic bull case (3,538 KRW). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of DreamTech Co Ltd
How large is the market capitalisation of DreamTech Co Ltd (192650)?
The market capitalisation of DreamTech Co Ltd is 431B KRW (≈ $302M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of DreamTech Co Ltd (192650)?
The price-to-sales ratio of DreamTech Co Ltd is 0.25 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of DreamTech Co Ltd (192650)?
The dividend yield of DreamTech Co Ltd is 3.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of DreamTech Co Ltd (192650)?
The net margin of DreamTech Co Ltd is 0.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of DreamTech Co Ltd (192650)?
The return on equity (ROE) of DreamTech Co Ltd is 0.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of DreamTech Co Ltd (192650)?
On an EBIT basis the return on assets of DreamTech Co Ltd is 7.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of DreamTech Co Ltd (192650)?
The operating margin of DreamTech Co Ltd is 0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DreamTech Co Ltd (192650)?
Revenue at DreamTech Co Ltd is growing −23.6% versus a year earlier (3y avg −3.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at DreamTech Co Ltd (192650)?
Earnings per share at DreamTech Co Ltd are growing −77.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does DreamTech Co Ltd (192650) carry?
The net debt of DreamTech Co Ltd is 61.5B KRW (fiscal year 2025, ≈ 1.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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