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NPD Co. Ltd (198080) Fair Value & Analysis

Technology · KR · Market cap 45.7B KRW (≈ $32.0M) · ISIN KR7198080004

What is NPD Co. Ltd really worth?

NC NPD Co. Ltd 198080 · KQ
Price2,150 KRW
Fair Value1,594 KRW
Upside−25.8%
Quality63/100

A solid business, but trading 35% above our fair value of 1,594 KRW.

As of Sep 5, 2026, the fair value of NPD Co. Ltd is 1,594 KRW per share against a price of 2,150 KRW, so the fair value sits 26% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow
Ranks above peers (7/9)

Risks

!Weak Growth (revenue 5y +4.8 %/yr)
!Thin margins · 7.0% net margin
!Moderate moat 51/100
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range 1,031 KRW – 2,258 KRW

Fair value as of: Sep 5, 2026

From 23 valuation models · updated yesterday

Fair value updated Sep 5, 2026, revised from 1,661 KRW to 1,594 KRW (−4.0%) since Aug 13, 2026. Share price +0.5% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (1,031 KRW to 2,258 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

4,640 KRW 1,820 KRW Fair Value 1,594 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range 1,820 KRW – 4,640 KRW · fair‑value band 1,031 KRW – 2,258 KRW · the 2,150 KRW price screens above the 1,594 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

NPD Co. Ltd (198080) currently trades at 2,150 KRW, while our model-based Fair Value estimate is 1,594 KRW, implying the stock looks roughly 34.8% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Technology sector. Bull case: the Earnings-Based group reads highest at a median of 14,006 KRW per share, and 23 of the 23 models we run sit above the 2,150 KRW price. Bear case: the Asset-Based group reads lowest at 4,095 KRW, and 0 of the 23 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, NPD Co. Ltd generated revenue of 290B KRW at a net margin of 7.0%. Revenue declined 6.9% year over year. It earns a return on equity of 15.3%. Net debt stands at 12.7B KRW. Fundamentals as of Sep 5, 2026

Our scenario range runs from 1,031 KRW (bear case) to 2,258 KRW (bull case); at 2,150 KRW, the current price sits within 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 40% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −52% fair-value upside, at −26%, 198080 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Highest evidence
FCF DCF 8,814 KRW 11,755 KRW 16,054 KRW 81
Growth DCF 8,965 KRW 11,649 KRW 15,379 KRW 80
Owner Earnings 14,540 KRW 20,252 KRW 28,600 KRW 77
All 23 models by family
DCF Models
FCF DCF 8,814 KRW 11,755 KRW 16,054 KRW 81
Owner Earnings 14,540 KRW 20,252 KRW 28,600 KRW 77
5Y Revenue Exit 11,124 KRW 16,383 KRW 22,998 KRW 73
5Y EBITDA Exit 15,705 KRW 24,680 KRW 34,948 KRW 75
5Y P/E Exit 15,646 KRW 24,574 KRW 33,694 KRW 71
10Y Revenue Exit 9,910 KRW 14,471 KRW 20,375 KRW 67
10Y EBITDA Exit 13,095 KRW 20,135 KRW 29,231 KRW 68
10Y P/E Exit 13,058 KRW 20,062 KRW 28,302 KRW 64
Earnings-Based
Graham-Dodd 6,147 KRW 16,122 KRW 21,043 KRW 65
PEG = 1.0 3,082 KRW 4,402 KRW 5,723 KRW 57
EPV 12,396 KRW 14,006 KRW 15,415 KRW 74
Multiples
P/E Multiple 18,983 KRW 25,311 KRW 31,639 KRW 63
P/S Multiple 11,526 KRW 15,367 KRW 19,209 KRW 58
P/B Multiple 11,526 KRW 15,367 KRW 19,209 KRW 55
EV/EBIT 23,023 KRW 29,786 KRW 36,549 KRW 66
EV/EBITDA 21,822 KRW 28,184 KRW 34,547 KRW 67
EV/Revenue 12,991 KRW 17,387 KRW 21,783 KRW 54
Asset-Based
NCAV (Graham) 3,056 KRW 4,095 KRW 6,111 KRW 54
Growth DCF
Growth DCF 8,965 KRW 11,649 KRW 15,379 KRW 80
Rev-Margin DCF 11,124 KRW 16,372 KRW 22,109 KRW 73
Economic Profit
Residual Income 6,079 KRW 7,909 KRW 20,686 KRW 68
ROIC Compounder 12,864 KRW 15,158 KRW 17,609 KRW 72
Growth Earnings
Growth-Adj P/E 14,535 KRW 20,764 KRW 26,993 KRW 67

Widest divergence: Growth Earnings (20,764 KRW) versus Asset-Based (4,095 KRW). Highest evidence: FCF DCF (81).

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Key figures & financial health

P/S ratio 0.21 TTM
Net margin 6.6% FY2025
Return on equity 15.3% TTM
Return on assets (EBIT) 5.0% avg 5y
Operating margin 10.9% TTM
Revenue (TTM) 290B KRW TTM
More key figures
Growth
Revenue growth (YoY) −6.9% 3y avg −2.3%
EPS growth (YoY) +12.5%
Balance sheet & cash flow
Free cash flow 12.0B KRW FY2025
Net debt 12.7B KRW FY2023 · ≈ 1.1 yrs of FCF

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 62 · Market factors (momentum, volatility) 31

Profitability 62
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

CAP Co.,Ltd. manufactures surface mount technology products. The company offers FPCA a device that connects driving information on the display of a digital device to a panel, enables users to view content from a digital device on the screen.

Full company description

CAP Co.,Ltd. manufactures surface mount technology products. The company offers FPCA a device that connects driving information on the display of a digital device to a panel, enables users to view content from a digital device on the screen. It also offers touch screen panel FPCA a device that delivers location information that users enter on the screen to the main board of the smartphone. The company was formerly known as NPD Co.,Ltd and changed its name to CAP Co.,Ltd. in May 2025. The company was founded in 2010 and is headquartered in Ansan-si, South Korea. CAP Co.,Ltd. is a subsidiary of S&K Polytec Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NPD Co. Ltd reported revenue of 295B KRW in FY2025 versus 305B KRW in FY2021, a compound −0.8%/yr. Reported net income was 19.5B KRW in FY2025, compounding +50.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
295B KRW
Latest YoY
−6.2%
Avg. revenue growth/yr (3Y) 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.
−2.3%
Avg. revenue growth/yr (5Y) 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.
+4.8%
Avg. revenue growth/yr (9Y) 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.
+8.0%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
≈ +14.4% (approximate, leans on 2025) · in KRW
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+14.4%
Dividend yield0.0%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 14.4% vs 10Y 16.9%, steady
Operating margin (EBIT) 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.0.8% (2020) → 8.2% (2025) · rising
Worst earnings drop138% (2022) (loss year, drop beyond 100%) · in KRW
⚠ Rate leans on 2025: that final year sits 74% above its own trend (e.g. a one-off disposal gain) and could not be adjusted
Revenue −0.8%/yr
FY21 305B KRW
FY22 316B KRW
FY23 236B KRW
FY24 315B KRW
FY25 295B KRW
Net income +50.7%/yr
FY21 3.8B KRW
FY22 −1.4B KRW
FY23 3.3B KRW
FY24 19.1B KRW
FY25 19.5B KRW

198080 screens 35% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "NPD Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/198080

Peer Group

Communication Equipment · 302 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.

Quality Score 63 · Above median
Fair Value upside −26% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth −7% · Below median
Debt / equity 0.04× · Higher than median

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 37
PAST61 · sector 15
HEALTH98 · sector 98
DIVIDEND0 · sector 22

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.

None of the checked exposures detected

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $109.20 $61.53 −44%
Zhongji Innolight Co 300308 ¥866.12 ¥171.09 −80%
Foxconn Industrial Internet Co 601138 ¥61.83 ¥28.65 −54%
Eoptolink Technology Inc 300502 ¥429.90 ¥176.99 −59%
Nokia Oyj NOK $10.21 $3.78 −63%
Motorola Solutions, Inc MSI $491.24 $236.33 −52%
Yangtze Optical Fibre And Cable Joint Stock Limited 601869 ¥400.03 ¥201.38 −50%
Suzhou TFC Optical Communication Co 300394 ¥276.25 ¥43.67 −84%
Telefonaktiebolaget LM Ericsson (publ), ERIC $10.13 $19.85 +96%
Accton Technology Corporation 2345 2,270 TWD 1,135 TWD −50%

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Frequently asked questions

Is NPD Co. Ltd (198080) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of 1,594 KRW versus a price of 2,150 KRW, about −26% upside (overvalued).
What is the fair value of 198080?
Our model-based fair value for NPD Co. Ltd is 1,594 KRW (as of Sep 5, 2026), built from audited fundamentals. The current price: 2,150 KRW.
What is the quality score of 198080?
NPD Co. Ltd has a Quality Score of 63/100. 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 NPD Co. Ltd (198080)?
Our model-based price target is the fair value of 1,594 KRW (as of Sep 5, 2026) from 23 valuation models. Cautious scenario 1,031 KRW, optimistic scenario 2,258 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the NPD Co. Ltd stock forecast for 2026?
Our models put fair value at 1,594 KRW, about −26% upside versus a price of 2,150 KRW (overvalued). Cautious scenario 1,031 KRW, optimistic scenario 2,258 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of NPD Co. Ltd (198080)?
NPD Co. Ltd reported trailing-twelve-month revenue of about 290B KRW (latest available figure, as of Sep 5, 2026).
What is the net profit margin of 198080?
The net profit margin of NPD Co. Ltd is about 7.0%, meaning it keeps roughly 7.0% of revenue as net income. Based on the latest reported figures.
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