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APACT Co (200470) Fair Value & Analysis

Technology · KR · Market cap 216B KRW

AC APACT Co 200470 · KQ
Price5,430 KRW
Fair Value1,727 KRW
Upside-68.2%
Quality54/100
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Expensive Growth
Thin margins · 4.9% net margin
Moderate debt · negative free cash flow
Trails peers (3/9)
Narrow moat 29/100
Evidence: Medium Range 1,573 KRW – 2,159 KRW Share as image

Fair value as of: Jul 20, 2026

From 15 valuation models · updated 21 days ago

Share price −5.6% over the past month.

A solid business, but screening 68% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2,159 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

12,420 KRW 1,730 KRW Fair Value 1,727 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 1,730 KRW – 12,420 KRW · fair‑value band 1,573 KRW – 2,159 KRW · the 5,430 KRW price screens above the 1,727 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

APACT Co (200470) currently trades at 5,430 KRW, while our model-based Fair Value estimate is 1,727 KRW, implying the stock looks roughly 68.2% overvalued today. The Quality Score stands at 54/100 (solid 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: medium).

Over the trailing twelve months, APACT Co generated revenue of 118B KRW at a net margin of 4.9%. Revenue grew 30.3% year over year. It earns a return on equity of 9.8%. Net debt stands at 78.9B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 1,573 KRW (bear case) to 2,159 KRW (bull case); at 5,430 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 55% below its 52-week high and 150% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -68%, 200470 screens cheaper 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.

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
ROIC Compounder 534.71 KRW 732.20 KRW 907.75 KRW 72
Growth-Adj P/E 2,178 KRW 3,112 KRW 4,046 KRW 68
P/E Multiple 1,295 KRW 1,727 KRW 2,159 KRW 63
All 15 models by family
DCF Models
Owner Earnings 1,508 KRW 4,318 KRW 10,481 KRW 31
Earnings-Based
Graham-Dodd 838.93 KRW 5,851 KRW 8,210 KRW 54
Lynch FV 1,900 KRW 2,714 KRW 3,528 KRW 50
PEG = 1.0 1,900 KRW 2,714 KRW 3,528 KRW 46
EPV 534.71 KRW 732.20 KRW 907.75 KRW 59
Multiples
P/E Multiple 1,295 KRW 1,727 KRW 2,159 KRW 63
P/S Multiple 1,573 KRW 2,097 KRW 2,622 KRW 58
P/B Multiple 1,573 KRW 2,097 KRW 2,622 KRW 55
EV/EBIT 348.19 KRW 659.06 KRW 969.92 KRW 53
EV/EBITDA 1,028 KRW 1,566 KRW 2,104 KRW 54
EV/Revenue 547.15 KRW 1,032 KRW 1,517 KRW 43
Asset-Based
NCAV (Graham) 828.48 KRW 1,110 KRW 1,657 KRW 50
Economic Profit
Residual Income 1,381 KRW 1,475 KRW 1,648 KRW 61
ROIC Compounder 534.71 KRW 732.20 KRW 907.75 KRW 72
Growth Earnings
Growth-Adj P/E 2,178 KRW 3,112 KRW 4,046 KRW 68

Widest divergence: DCF Models (4,318 KRW) versus Economic Profit (732.20 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 118B KRW
Revenue growth (YoY) +30.3%
Net margin 4.9%
Return on equity 9.8%
Free cash flow −4.2B KRW FY2025
Operating margin -6.3%
More key figures
EPS growth (YoY) +3.1%
Net debt 78.9B KRW FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 49 · Market factors (momentum, volatility) 36

Profitability 29
Margins and returns on capital today
Quality Growth 97
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 14
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 76
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.

About the company

APACT Co., Ltd. manufactures and sells semiconductor testing equipment in South Korea. It offers package test and inspection equipment. The company was formerly known as Hisem Co., Ltd. and changed its name to APACT Co., Ltd. in March 2020. APACT Co., Ltd. was founded in 2007 and is based in Anseong-si, South Korea. As of April 6, 2026, APACT Co., Ltd.

Full company description

APACT Co., Ltd. manufactures and sells semiconductor testing equipment in South Korea. It offers package test and inspection equipment. The company was formerly known as Hisem Co., Ltd. and changed its name to APACT Co., Ltd. in March 2020. APACT Co., Ltd. was founded in 2007 and is based in Anseong-si, South Korea. As of April 6, 2026, APACT Co., Ltd. operates as a subsidiary of Dynamic Growth Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

APACT Co reported revenue of 111B KRW in FY2025 versus 47.2B KRW in FY2021, a compound +23.8%/yr. Reported net income was 5.2B KRW in FY2025, compounding +18.3%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
111B KRW
Latest YoY
+28.0%
Avg. 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.
+14.7%
Avg. 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.
+17.5%
Avg. growth/yr (11Y) 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.
+12.1%
Revenue +23.8%/yr
FY21 47.2B KRW
FY22 73.6B KRW
FY23 93.7B KRW
FY24 86.7B KRW
FY25 111B KRW
Net income +18.3%/yr
FY21 2.7B KRW
FY22 3.1B KRW
FY23 −16.7B KRW
FY24 −50.7B KRW
FY25 5.2B KRW

200470 screens 68% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "APACT Co Fair Value". https://www.fairvalue-calculator.com/stock/200470

Peer Group

Semiconductor Equipment & Materials · 212 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 54 · Below median
Fair Value upside −68% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 2% · Below median
Net margin (TTM) 5% · Below median
Operating margin (TTM) -6% · Bottom 25%
Revenue growth 30% · Above median
Debt / equity 0.58× · Higher than 75% of peers

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

EV/EBITDA 1.8× · Cheaper than 75% of peers

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 · sector 0
FUTURE 100 · sector 58
PAST 39 · sector 30
HEALTH 71 · sector 96
DIVIDEND 0 · sector 16

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is APACT Co (200470) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 1,727 KRW versus a price of 5,430 KRW, about −68% (overvalued).
What is the fair value of 200470?
Our model-based fair value for APACT Co is 1,727 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 5,430 KRW.
What is the quality score of 200470?
APACT Co has a Quality Score of 54/100. 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 revenue of APACT Co (200470)?
APACT Co reported trailing-twelve-month revenue of about 118B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 200470?
The net profit margin of APACT Co is about 4.9%, meaning it keeps roughly 4.9% of revenue as net income. Based on the latest reported figures.

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.

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