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Union Community Co (203450) Fair Value & Analysis

Technology · KR · Market cap 31.8B KRW

UC Union Community Co 203450 · KQ
Price2,485 KRW
Fair Value1,797 KRW
Upside-27.7%
Quality53/100
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Expensive Growth
Thin margins · 7.3% net margin
Low debt · negative free cash flow
2.87% dividend yield
Ranks above peers (5/8)
Narrow moat 30/100
Evidence: High Range 1,495 KRW – 1,797 KRW Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 19 days ago

Share price −8.8% over the past month.

A solid business, but screening 28% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,797 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

5,196 KRW 2,330 KRW Fair Value 1,797 KRW Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 2,330 KRW – 5,196 KRW · fair‑value band 1,495 KRW – 1,797 KRW · the 2,485 KRW price screens above the 1,797 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Union Community Co (203450) currently trades at 2,485 KRW, while our model-based Fair Value estimate is 1,797 KRW, implying the stock looks roughly 27.7% overvalued today. The Quality Score stands at 53/100 (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: high).

Over the trailing twelve months, Union Community Co generated revenue of 42.4B KRW at a net margin of 7.3%. Revenue grew 45.1% year over year. Net debt stands at 448M KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,495 KRW (bear case) to 1,797 KRW (bull case); at 2,485 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 40% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 22% fair-value upside, at -28%, 203450 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.

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
Residual Income 1,847 KRW 1,861 KRW 1,765 KRW 76
ROIC Compounder 950.38 KRW 1,035 KRW 1,110 KRW 72
Growth-Adj P/E 1,426 KRW 2,038 KRW 2,649 KRW 68
All 15 models by family
DCF Models
Owner Earnings 1,993 KRW 2,808 KRW 4,028 KRW 31
Earnings-Based
Graham-Dodd 797.24 KRW 2,311 KRW 3,051 KRW 54
Lynch FV 478.46 KRW 683.51 KRW 888.57 KRW 50
PEG = 1.0 478.46 KRW 683.51 KRW 888.57 KRW 46
EPV 950.38 KRW 1,035 KRW 1,110 KRW 59
Multiples
P/E Multiple 1,759 KRW 2,345 KRW 2,931 KRW 63
P/S Multiple 1,495 KRW 1,993 KRW 2,491 KRW 58
P/B Multiple 1,495 KRW 1,993 KRW 2,491 KRW 55
EV/EBIT 1,244 KRW 1,511 KRW 1,779 KRW 53
EV/EBITDA 1,625 KRW 2,019 KRW 2,414 KRW 54
EV/Revenue 981.83 KRW 1,214 KRW 1,446 KRW 43
Asset-Based
NCAV (Graham) 1,210 KRW 1,621 KRW 2,419 KRW 50
Economic Profit
Residual Income 1,847 KRW 1,861 KRW 1,765 KRW 76
ROIC Compounder 950.38 KRW 1,035 KRW 1,110 KRW 72
Growth Earnings
Growth-Adj P/E 1,426 KRW 2,038 KRW 2,649 KRW 68

Widest divergence: DCF Models (2,808 KRW) versus Earnings-Based (683.51 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 42.4B KRW
Revenue growth (YoY) +45.1%
Net margin 7.3%
Return on equity 1,532%
Free cash flow −12.7B KRW FY2025
Operating margin 1.4%
More key figures
Dividend yield 2.9%
EPS growth (YoY) +595%
Net debt 448M KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 51 · Market factors (momentum, volatility) 25

Profitability 41
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 100
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

Union Community Co., Ltd. provides various biometric solutions in South Korea and internationally. The company offers access control, time and attendance management, drinking water management, integrated control, and image detection solutions.

Full company description

Union Community Co., Ltd. provides various biometric solutions in South Korea and internationally. The company offers access control, time and attendance management, drinking water management, integrated control, and image detection solutions. The company offers products for government offices, factories, financial and research institutes, military offices, companies, schools, and stores. It provides its products under the VIRDI brand name. The company 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

Union Community Co reported revenue of 51.3B KRW in FY2025 versus 39.0B KRW in FY2021, a compound +7.1%/yr. Reported net income was 2.0B KRW in FY2025, compounding −3.9%/yr from FY2021.

Growth Quality 31/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
51.3B KRW
Latest YoY
−9.6%
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.
+3.5%
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.
+3.2%
Avg. growth/yr (10Y) 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.
+1.8%
Revenue +7.1%/yr
FY21 39.0B KRW
FY22 46.3B KRW
FY23 51.4B KRW
FY24 56.7B KRW
FY25 51.3B KRW
Net income −3.9%/yr
FY21 2.4B KRW
FY22 2.2B KRW
FY23 3.1B KRW
FY24 4.9B KRW
FY25 2.0B KRW

203450 screens 28% overvalued. Compare with STCube, Inc →

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Cite: Fair Value Calculator (2026). "Union Community Co Fair Value". https://www.fairvalue-calculator.com/stock/203450

Peer Group

Electronic Equipment & Parts · 21 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 53 · Above median
Fair Value upside −28% · Below median
Return on assets 1% · Below median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 1% · Above median
Revenue growth 45% · Top 25%
Dividend yield (TTM) 2.9% · Below 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 · sector 35
FUTURE 100 · sector 0
PAST 0 · sector 0
HEALTH 100 · sector 98
DIVIDEND 57 · sector 65

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 Electronic Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
STCube, Inc 052020 7,000 KRW 850.56 KRW -88%
VINATech Co 126340 55,700 KRW 9,538 KRW -83%
Partron Co 091700 5,650 KRW 11,424 KRW +102%
Amotech Co 052710 15,560 KRW 9,214 KRW -41%
KHVATEC Co 060720 10,010 KRW 17,111 KRW +71%
MNTech Co 095500 6,820 KRW 8,280 KRW +21%
Namuga Co 190510 12,630 KRW 33,453 KRW +165%
Powerlogics. Co 047310 2,820 KRW 3,441 KRW +22%
e-LITECOM CO., Ltd 041520 8,910 KRW 11,520 KRW +29%
Ajinextek Co 059120 4,315 KRW 1,177 KRW -73%

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Frequently asked questions

Is Union Community Co (203450) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,797 KRW versus a price of 2,485 KRW, about −28% (overvalued).
What is the fair value of 203450?
Our model-based fair value for Union Community Co is 1,797 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 2,485 KRW.
What is the quality score of 203450?
Union Community Co has a Quality Score of 53/100. 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 Union Community Co (203450)?
Union Community Co reported trailing-twelve-month revenue of about 42.4B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 203450?
The net profit margin of Union Community Co is about 7.3%, meaning it keeps roughly 7.3% of revenue as net income. Based on the latest reported figures.
Does Union Community Co pay a dividend?
Union Community Co currently shows a dividend yield of about 2.87% relative to its recent price (as of Jul 22, 2026).

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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