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Boditech Med Inc (206640) Fair Value & Analysis

Healthcare · KR · Market cap 245B KRW

BM Boditech Med Inc 206640 · KQ
Price11,240 KRW
Fair Value21,548 KRW
Upside+91.7%
Quality56/100
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Expensive Growth
Solidly profitable · 15.7% net margin
Low debt · negative free cash flow
1.33% dividend yield
Ranks above peers (8/9)
Moderate moat 56/100
Evidence: Medium Range 15,084 KRW – 28,012 KRW Share as image

Fair value as of: Jul 20, 2026

From 14 valuation models · updated 20 days ago

Fair value updated Jul 20, 2026, revised from 21,816 KRW to 21,548 KRW (−1.2%) since Jun 25, 2026. Share price −1.5% over the past month.

A solid business, screening 92% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (15,084 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (15,084 KRW to 28,012 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

26,352 KRW 8,138 KRW Fair Value 21,548 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 8,138 KRW – 26,352 KRW · fair‑value band 15,084 KRW – 28,012 KRW · the 11,240 KRW price screens below the 21,548 KRW fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Boditech Med Inc (206640) currently trades at 11,240 KRW, while our model-based Fair Value estimate is 21,548 KRW, implying the stock looks roughly 91.7% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Healthcare 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: medium), always confirm before acting.

Over the trailing twelve months, Boditech Med Inc generated revenue of 166B KRW at a net margin of 15.7%. Revenue grew 9.6% year over year. It earns a return on equity of 10.8%. Fundamentals as of Jul 20, 2026

Our scenario range runs from 15,084 KRW (bear case) to 28,012 KRW (bull case); at 11,240 KRW, the current price sits below 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 26% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -26% fair-value upside, at 92%, 206640 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
Residual Income 9,571 KRW 10,814 KRW 19,396 KRW 76
ROIC Compounder 13,281 KRW 18,542 KRW 24,960 KRW 72
Growth-Adj P/E 15,084 KRW 21,548 KRW 28,012 KRW 68
All 14 models by family
Earnings-Based
Graham-Dodd 7,409 KRW 35,158 KRW 48,362 KRW 54
Lynch FV 9,343 KRW 13,348 KRW 17,352 KRW 50
PEG = 1.0 9,343 KRW 13,348 KRW 17,352 KRW 46
EPV 12,377 KRW 14,494 KRW 16,376 KRW 59
Multiples
P/E Multiple 17,978 KRW 23,971 KRW 29,964 KRW 63
P/S Multiple 13,892 KRW 18,523 KRW 23,154 KRW 58
P/B Multiple 13,892 KRW 18,523 KRW 23,154 KRW 55
EV/EBIT 17,376 KRW 23,042 KRW 28,708 KRW 53
EV/EBITDA 19,243 KRW 25,532 KRW 31,820 KRW 54
EV/Revenue 12,510 KRW 17,710 KRW 22,909 KRW 43
Asset-Based
NCAV (Graham) 5,327 KRW 7,138 KRW 10,654 KRW 50
Economic Profit
Residual Income 9,571 KRW 10,814 KRW 19,396 KRW 76
ROIC Compounder 13,281 KRW 18,542 KRW 24,960 KRW 72
Growth Earnings
Growth-Adj P/E 15,084 KRW 21,548 KRW 28,012 KRW 68

Widest divergence: Growth Earnings (21,548 KRW) versus Asset-Based (7,138 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 166B KRW
Revenue growth (YoY) +9.6%
Net margin 15.7%
Return on equity 10.8%
Free cash flow −11.9B KRW FY2025
Operating margin 15.9%
More key figures
Dividend yield 1.3%
EPS growth (YoY) +32.7%

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 38

Profitability 53
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 25
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 96
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

Boditech Med Inc. offers instruments and diagnostic reagents in South Korea and internationally. The company offers instruments, including ichroma II, diagnostic immuno-analyzer to measure the presence of various biomarkers for cardiac, cancer, hormones, infectious diseases, autoimmune diseases, and metabolic diseases; ichroma III, a high-throughput …

Full company description

Boditech Med Inc. offers instruments and diagnostic reagents in South Korea and internationally. The company offers instruments, including ichroma II, diagnostic immuno-analyzer to measure the presence of various biomarkers for cardiac, cancer, hormones, infectious diseases, autoimmune diseases, and metabolic diseases; ichroma III, a high-throughput immuno-analyzer that enables simultaneous testing for various parameters; ExAmplar, a compact real time PCR that detects virus/bacteria quantitatively or qualitatively using ready-to-use cartridges; ichroma-50, an automated immunoassay system with high-throughput; Hemochroma PLUS, a handheld device that can run tests for anemia; portable analyzers ichroma M3 and ichroma M2; and NuActor, an automated nucleic acid extraction system. It also provides compact immunoassay analyzers, including AFIAS-1, AFIAS-3, AFIAS-6, and AFIAS-10; cardiac reagents; cancer reagents; COVID-19 reagents; diagnostic reagents; reagents for hormones, infections, autoimmune, organ functions, molecular diagnostics, therapeutic drug monitoring, and other test items. In addition, the company offers Ichroma TRIAS, ultra-high sensitivity respiratory disease diagnostic equipment; ALFIAS-3, a diagnostic equipment; and SyncNeb. Boditech Med Inc. was founded in 1998 and is headquartered in Chuncheon-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Boditech Med Inc reported revenue of 162B KRW in FY2025 versus 158B KRW in FY2021, a compound +0.7%/yr. Reported net income was 23.7B KRW in FY2025, compounding −14.6%/yr from FY2021.

Growth Quality 30/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
162B KRW
Latest YoY
+17.3%
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.
+11.1%
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.
+2.4%
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.
+15.1%
Revenue +0.7%/yr
FY21 158B KRW
FY22 118B KRW
FY23 134B KRW
FY24 138B KRW
FY25 162B KRW
Net income −14.6%/yr
FY21 44.4B KRW
FY22 24.2B KRW
FY23 25.9B KRW
FY24 27.3B KRW
FY25 23.7B KRW

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Cite: Fair Value Calculator (2026). "Boditech Med Inc Fair Value". https://www.fairvalue-calculator.com/stock/206640

Peer Group

Medical Devices · 352 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 56 · Above median
Fair Value upside +92% · Top 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 10% · Above median
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.05× · Lower than 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 100 · sector 0
FUTURE 48 · sector 29
PAST 43 · sector 8
HEALTH 98 · sector 97
DIVIDEND 27 · sector 38

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 Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
DexCom, Inc DXCM $74.96 $38.95 -48%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%

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Frequently asked questions

Is Boditech Med Inc (206640) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 21,548 KRW versus a price of 11,240 KRW, about +92% (undervalued).
What is the fair value of 206640?
Our model-based fair value for Boditech Med Inc is 21,548 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 11,240 KRW.
What is the quality score of 206640?
Boditech Med Inc has a Quality Score of 56/100. 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 Boditech Med Inc (206640)?
Boditech Med Inc reported trailing-twelve-month revenue of about 166B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 206640?
The net profit margin of Boditech Med Inc is about 15.7%, meaning it keeps roughly 15.7% of revenue as net income. Based on the latest reported figures.
Does Boditech Med Inc pay a dividend?
Boditech Med Inc currently shows a dividend yield of about 1.44% relative to its recent price (as of Jul 20, 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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