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Hisem Co Ltd (200470) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Hisem Co Ltd KRW 2,097, price KRW 8,160, upside -74.3%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Technology · KR · ISIN KR7200470003

HC Some data Sep 24, 2026

Hisem Co Ltd

200470 · KQ

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value 2,097 KRW · Strongly overvalued (−74%)
!Quality 54/100
!Expensive Growth (revenue 5y +17.5 %/yr)
!Thin margins · 4.9% net margin (TTM)
!Moderate debt · negative free cash flow
!Trails peers (3/9)
!Narrow moat 29/100
!Evidence only medium, so the estimate is less certain

What runs behind every stock

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

Price vs Fair Value

12,420 KRW 1,730 KRW Fair Value 2,097 KRW May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 1,730 KRW – 12,420 KRW · fair‑value band 1,573 KRW – 2,622 KRW · the 8,160 KRW price screens above the 2,097 KRW fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

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.

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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.

Stock analysis

Hisem Co Ltd (200470) currently trades at 8,160 KRW, while our model-based Fair Value estimate is 2,097 KRW, implying the stock looks roughly 289.1% overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of 4,161 KRW per share, and 0 of the 15 models we run sit above the 8,160 KRW price.

Bear case: the Economic Profit group reads lowest at 310.89 KRW, and 15 of the 15 models stay below the price. Evidence for this calculation is medium.

Scenario range: 1,573 KRW (bear) to 2,622 KRW (bull), the price of 8,160 KRW sits above 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 54/100 (solid quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Hisem Co Ltd 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.

Key figures

Market cap 346B KRW (≈ $254M) · P/S ratio 1.83 · Net margin 4.7% · Return on equity 9.8% · Return on assets (EBIT) −6.8% · Operating margin −6.3% · Revenue (TTM) 118B KRW · Revenue growth (YoY) +30.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 34% below its 52-week high and 110% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −34% fair-value upside, at −74%, 200470 screens richer than that median.

Fair Value models

Bear 1,573 KRW Fair Value 2,097 KRW Bull 2,622 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.
Highest evidence
EPV 214.97 KRW 310.89 KRW 388.74 KRW 73
ROIC Compounder 214.97 KRW 310.89 KRW 388.74 KRW 72
Owner Earnings 1,832 KRW 4,161 KRW 8,228 KRW 71
All 15 models by family
DCF Models
Owner Earnings 1,832 KRW 4,161 KRW 8,228 KRW 71
Earnings-Based
Graham-Dodd 838.93 KRW 5,851 KRW 8,210 KRW 63
Lynch FV 1,900 KRW 2,714 KRW 3,528 KRW 61
PEG = 1.0 1,900 KRW 2,714 KRW 3,528 KRW 57
EPV 214.97 KRW 310.89 KRW 388.74 KRW 73
Multiples
P/E Multiple 2,591 KRW 3,454 KRW 4,318 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 1,654 KRW 2,400 KRW 3,146 KRW 65
EV/EBITDA 4,254 KRW 5,867 KRW 7,480 KRW 67
EV/Revenue 547.15 KRW 1,032 KRW 1,517 KRW 52
Asset-Based
NCAV (Graham) 828.48 KRW 1,110 KRW 1,657 KRW 54
Economic Profit
Residual Income 1,221 KRW 1,242 KRW 1,198 KRW 71
ROIC Compounder 214.97 KRW 310.89 KRW 388.74 KRW 72
Growth Earnings
Growth-Adj P/E 2,875 KRW 4,107 KRW 5,339 KRW 67

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Quality Score breakdown

Overall quality 54/100

Of which business quality 49 · Market factors (momentum, volatility) 48

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 53
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 76
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+28.0%
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.
+14.7%
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.
+17.5%
Start year 2020 (pandemic). Over 10 years: +17.8% 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.
+12.1%
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.
−12.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.4%
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.13% → 5%

200470 screens 289% overvalued. Compare with ASML Holding →

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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.Semiconductor Equipment & Materials · 219 stocks

Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 54 · Below median
Fair Value upside −74% · Bottom 25%
Profitability
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%
Growth and dividend
Revenue growth 30% · Above median
Balance sheet
Debt / equity 0.58× · Highest 25%

Valuation Multiplesvs Semiconductor Equipment & Materials median · lower = cheaper

EV/EBITDA 1.8× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 69
PAST (return on equity)39 · sector 30
HEALTH (low debt)71 · sector 96
DIVIDEND (yield)0 · sector 15

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
ASML Holding ASML €1,507 €1,350 −10%
Applied Materials, Inc AMAT $472.46 $370.20 −22%
Lam Research Corporation LRCX $310.96 $205.76 −34%
KLA Corporation KLAC $188.32 $149.08 −21%
Teradyne, Inc TER $389.14 $66.11 −83%
Advanced Micro-Fabrication Equipment Inc 688012 ¥349.35 ¥117.08 −66%
Piotech Inc 688072 ¥730.30 ¥322.24 −56%
SJ Semiconductor Corporation 688820 ¥133.57 ¥13.84 −90%
Hon. Precision, Inc 7769 5,670 TWD 4,864 TWD −14%
Qnity Electronics, Inc Q $124.86 $70.44 −44%

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

Frequently asked questions

Is Hisem Co Ltd (200470) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2,097 KRW versus a price of 8,160 KRW, about −74% upside (overvalued).
What is the fair value of 200470?
Our model-based fair value for Hisem Co Ltd is 2,097 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 8,160 KRW.
What is the quality score of 200470?
Hisem Co Ltd 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 price target for Hisem Co Ltd (200470)?
Our model-based price target is the fair value of 2,097 KRW (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 1,573 KRW, optimistic scenario 2,622 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hisem Co Ltd stock forecast for 2026?
Our models put fair value at 2,097 KRW, about −74% upside versus a price of 8,160 KRW (overvalued). Cautious scenario 1,573 KRW, optimistic scenario 2,622 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hisem Co Ltd (200470)?
Hisem Co Ltd reported trailing-twelve-month revenue of about 118B KRW (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Hisem Co Ltd (200470)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hisem Co Ltd it is 2,097 KRW per share (as of Sep 24, 2026), against a price of 8,160 KRW. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Hisem Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 200470 trades above its calculated fair value: price 8,160 KRW, fair value 2,097 KRW, a gap of about −74% (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 200470?
No. The price is what the market pays today (8,160 KRW); the fair value is what the company's own numbers justify (2,097 KRW). For Hisem Co Ltd the two are 6,063 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hisem Co Ltd worth?
The market values Hisem Co Ltd at about 346B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 8,160 KRW; our models calculate a fair value of 2,097 KRW per share.
What do the bullish and bearish scenarios say about 200470?
Our models span a range for Hisem Co Ltd: cautious scenario 1,573 KRW, base 2,097 KRW, optimistic 2,622 KRW per share (as of Sep 24, 2026, price 8,160 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hisem Co Ltd (200470)?
Balance-sheet figures for Hisem Co Ltd (as of Sep 24, 2026): return on equity 9.8%, debt of 0.58 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 200470 from its 52-week high?
Hisem Co Ltd trades at 8,160 KRW, about 34% below its 52-week high of 12,420 KRW and 110% above the low of 3,880 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 2,097 KRW is for.
Which stocks are comparable to Hisem Co Ltd?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA 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 Hisem Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 8,160 KRW, calculated fair value 2,097 KRW (−74%), Quality Score 54/100, from 15 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 200470 calculated?
We run Hisem Co Ltd through 15 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 2,097 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 13.0 % above its aggregate fair value. Hisem 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 is the share price of Hisem Co Ltd (200470)?
The closing price on Sep 23, 2026 was 8,160 KRW. Our model-based fair value is 2,097 KRW, about −74% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hisem Co Ltd right now?
The price sits above even our optimistic bull case (2,622 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.

Key figures of Hisem Co Ltd

How large is the market capitalisation of Hisem Co Ltd (200470)?
The market capitalisation of Hisem Co Ltd is 346B KRW (≈ $254M). 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 Hisem Co Ltd (200470)?
The price-to-sales ratio of Hisem Co Ltd is 1.83 (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 Hisem Co Ltd (200470)?
The net margin of Hisem Co Ltd is 4.7% (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 Hisem Co Ltd (200470)?
The return on equity (ROE) of Hisem Co Ltd is 9.8% (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 Hisem Co Ltd (200470)?
On an EBIT basis the return on assets of Hisem Co Ltd is −6.8% (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 Hisem Co Ltd (200470)?
The operating margin of Hisem Co Ltd is −6.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hisem Co Ltd (200470)?
Revenue at Hisem Co Ltd is growing +30.3% versus a year earlier (3y avg +14.7%). 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 Hisem Co Ltd (200470)?
Earnings per share at Hisem Co Ltd are growing +3.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hisem Co Ltd (200470) generate?
The free cash flow of Hisem Co Ltd is −4.2B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hisem Co Ltd (200470) carry?
The net debt of Hisem Co Ltd is 78.9B KRW (fiscal year 2025). 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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