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Global Tax Free Co (204620) Fair Value & Analysis

Industrials · KR · Market cap 329B KRW

Price4,730 KRW
Fair Value6,850 KRW
Upside+44.8%
Quality95/100
Evidence: High Range 4,457 KRW – 20,214 KRW

Fair value as of: Jun 24, 2026

Analysis

Global Tax Free Co (204620) currently trades at 4,730 KRW, while our model-based Fair Value estimate is 6,850 KRW — implying the stock looks roughly 44.8% undervalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

About the company

Global Tax Free Co., Ltd. operates as tax refund company for foreign tourists in South Korea, Singapore, Japan, and France. The company offers electronic tax refund system; and marketing services for clients and merchants. It also engages in the manufacturing and online and offline sales of cosmetics; and construction and sales of IT. The company was formerly known as TAX FREE KOREA CO., LTD. and changed its name to Global Tax Free Co., Ltd. in 2011. Global Tax Free Co., Ltd. was founded in 2005 and is based in Seoul, South Korea.

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Frequently asked questions

Is Global Tax Free Co (204620) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 6,850 KRW versus a price of 4,730 KRW — about +45% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 204620?
Our 21-model fair value for Global Tax Free Co is 6,850 KRW (as of Jun 24, 2026), built from audited fundamentals. The current price is 4,730 KRW.
What is the quality score of 204620?
Global Tax Free Co has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.