DigiCAP Co. Ltd (197140) Fair Value & Analysis

Technology · KR · Market cap 27.4B KRW

Below-average quality, and screening another 58% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (1,196 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 (49/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (631.37 KRW to 1,196 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 1,600 KRW – 10,653 KRW · fair‑value band 631.37 KRW – 1,196 KRW · the 2,295 KRW price screens above the 956.62 KRW fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

DigiCAP Co. Ltd (197140) currently trades at 2,295 KRW, while our model-based Fair Value estimate is 956.62 KRW, implying the stock looks roughly 58.3% overvalued today. The Quality Score stands at 49/100 (below-average 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: low).

Over the trailing twelve months, DigiCAP Co. Ltd generated revenue of 19.2B KRW at a net margin of 6.3%. Revenue grew 193.2% year over year. It earns a return on equity of 5.7%. Net debt stands at 5.8B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 631.37 KRW (bear case) to 1,196 KRW (bull case); at 2,295 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 8% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -42% fair-value upside, at -58%, 197140 screens richer 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.

Widest divergence: Asset-Based (2,913 KRW) versus DCF Models (1,702 KRW). Highest evidence: NCAV (Graham) (50).

Key figures & financial health

Quality Score breakdown

About the company

DigiCAP Co., Ltd. provides digital content protection and rights management solutions in South Korea and internationally.

Full company description

DigiCAP Co., Ltd. provides digital content protection and rights management solutions in South Korea and internationally. It offers security solutions, including Conditional Access System, a revenue security solution, which allows broadcast reception only to authorized subscribers; Scrambler, a solution that encrypts digital broadcast contents; XCAS/iCAS, a downloadable conditional access solution, which supports and enables CAS module download and execution from the IPTV broadcast and digital cable broadcast interactive networks; DRM, a solution that manages/protects digital contents throughout the digital content distribution process; and Smart Car Security solution for converged services that is linked across Server-Mobile-HeadUnit platform in the Phone Connectivity environment. The company also provides video on demand (VOD) solution for service providers to provide VOD service in various environments; Mobile IPTV, a solution that supports the use of data service, VOD, and broadcast; and streaming server solution, which transmits VOD content and live channel to users. In addition, it offers big data analysis, smart remote controller, UI management server, PUSH system, software upgrade system, and UI/UX solutions; and UHD broadcast, MUX, signaling server, and ESG solutions. DigiCAP Co., Ltd. was founded in 2000 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DigiCAP Co. Ltd reported revenue of 66.6B KRW in FY2025 versus 28.6B KRW in FY2021, a compound +23.5%/yr. Reported net income was −529M KRW in FY2025.

197140 screens 58% overvalued. Compare with SAP SE →

Peer Group

Software - Application · 726 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.

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Frequently asked questions

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.