Devsisters corporation (194480) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Devsisters corporation KRW 15,673, price KRW 14,290, upside +9.7%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Devsisters corporation engages in the development of mobile games in South Korea and internationally. The company offers virtual reality, mobile, PC, arcade games and console gaming services. Devsisters corporation was founded in 2007 and is headquartered in Seoul, South Korea.
Stock analysis
Devsisters corporation (194480) currently trades at 14,290 KRW, while our model-based Fair Value estimate is 15,673 KRW, implying the stock looks roughly 8.8% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 44,459 KRW per share, and 13 of the 24 models we run sit above the 14,290 KRW price.
Bear case: the Economic Profit group reads lowest at 1,897 KRW, and 11 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 6,507 KRW (bear) to 19,957 KRW (bull), the price of 14,290 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Devsisters corporation reported revenue of 296B KRW in FY2025 versus 369B KRW in FY2021, a compound −5.4%/yr. Reported net income was 10.5B KRW in FY2025, compounding −35.4%/yr from FY2021.
Key figures
Market cap 176B KRW (≈ $123M) · P/S ratio 0.66 · Net margin 3.5% · Return on equity −8.7% · Return on assets (EBIT) 1.2% · Operating margin −29.7% · Revenue (TTM) 265B KRW · Revenue growth (YoY) −34.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 74% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 50% fair-value upside, at 10%, 194480 screens richer than that median.
Fair Value models
Bear 6,507 KRWFair Value 15,673 KRWBull 19,957 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.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+25.1%
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.
+11.3%
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.
+33.2%
Start year 2020 (pandemic). Over 10 years: +31.2% a year
Revenue growth 11 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.
+14.1%
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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. 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.
−30.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−30.1%
Dividend (yield on the price)0.0%
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.−18% → 2%
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).
+18.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +16.1% a year for the 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 Gaming & Multimedia · 149 stocks
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). "Devsisters corporation Fair Value". https://www.fairvalue-calculator.com/stock/194480
Frequently asked questions
Is Devsisters corporation (194480) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 15,673 KRW versus a price of 14,290 KRW, about +10% upside (fairly valued).
What is the fair value of 194480?
Our model-based fair value for Devsisters corporation is 15,673 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 14,290 KRW.
What is the quality score of 194480?
Devsisters corporation has a Quality Score of 55/100. 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 Devsisters corporation (194480)?
Our model-based price target is the fair value of 15,673 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 6,507 KRW, optimistic scenario 19,957 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Devsisters corporation stock forecast for 2026?
Our models put fair value at 15,673 KRW, about +10% upside versus a price of 14,290 KRW (fairly valued). Cautious scenario 6,507 KRW, optimistic scenario 19,957 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Devsisters corporation (194480)?
Devsisters corporation reported trailing-twelve-month revenue of about 265B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into Devsisters corporation (194480)?
For today's price to be fair in a discounted-cash-flow model, Devsisters corporation would have to grow free cash flow by +18.5 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +33.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 194480 use?
Our models discount Devsisters corporation at 13.1 %: a base by market capitalisation (micro), 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 Devsisters corporation that is +18.5 % per year a year over ten years, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Devsisters corporation (194480) delivered so far?
Over the past 5 years revenue at Devsisters corporation grew +33.2 % a year. The price currently implies +18.5 % 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 Devsisters corporation (194480) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into Devsisters corporation (+18.5 % 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 Devsisters corporation (194480)?
The free-cash-flow yield on the price is 2.83 %: that much free cash flow Devsisters corporation produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Devsisters corporation (194480)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Devsisters corporation it is 15,673 KRW per share (as of Sep 24, 2026), against a price of 14,290 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Devsisters corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 194480 trades below its calculated fair value: price 14,290 KRW, fair value 15,673 KRW, a gap of about +10% (fairly valued). 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 194480?
No. The price is what the market pays today (14,290 KRW); the fair value is what the company's own numbers justify (15,673 KRW). For Devsisters corporation the two are 1,383 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Devsisters corporation worth?
The market values Devsisters corporation at about 176B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 14,290 KRW; our models calculate a fair value of 15,673 KRW per share.
What do the bullish and bearish scenarios say about 194480?
Our models span a range for Devsisters corporation: cautious scenario 6,507 KRW, base 15,673 KRW, optimistic 19,957 KRW per share (as of Sep 24, 2026, price 14,290 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Devsisters corporation (194480)?
Balance-sheet figures for Devsisters corporation (as of Sep 24, 2026): return on equity −8.7%, debt of 0.22 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 194480 from its 52-week high?
Devsisters corporation trades at 14,290 KRW, about 74% below its 52-week high of 56,000 KRW and 9% above the low of 13,150 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 15,673 KRW is for.
Which stocks are comparable to Devsisters corporation?
From the same area (Communication Services) we also value Konami Group, NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, 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 Devsisters corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 14,290 KRW, calculated fair value 15,673 KRW (+10%), Quality Score 55/100, 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 194480 calculated?
We run Devsisters corporation 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 15,673 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 13.2 % above its aggregate fair value. Devsisters corporation currently trades 10 % below its own fair value, and the market average says nothing about that. 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 is the share price of Devsisters corporation (194480)?
The closing price on Sep 23, 2026 was 14,290 KRW. Our model-based fair value is 15,673 KRW, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Devsisters corporation right now?
The model range is unusually wide (6,507 KRW to 19,957 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Devsisters corporation
How large is the market capitalisation of Devsisters corporation (194480)?
The market capitalisation of Devsisters corporation is 176B KRW (≈ $123M). 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 Devsisters corporation (194480)?
The price-to-sales ratio of Devsisters corporation is 0.66 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Devsisters corporation (194480)?
The net margin of Devsisters corporation is 3.5% (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 Devsisters corporation (194480)?
The return on equity (ROE) of Devsisters corporation is −8.7% (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 Devsisters corporation (194480)?
On an EBIT basis the return on assets of Devsisters corporation is 1.2% (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 Devsisters corporation (194480)?
The operating margin of Devsisters corporation is −29.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Devsisters corporation (194480)?
Revenue at Devsisters corporation is growing −34.4% versus a year earlier (3y avg +11.3%). 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 Devsisters corporation (194480)?
Earnings per share at Devsisters corporation are growing −88.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Devsisters corporation (194480) carry?
The net debt of Devsisters corporation is 24.9B KRW (fiscal year 2025, ≈ 5.6 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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