KB SPAC 5 (208350) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of KB SPAC 5 KRW 6,435, price KRW 2,950, upside +118.1%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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KB SPAC 5
208350 · KQClearly undervaluedStrong Fair Value upside, but quality is only moderate.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
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 2,510 KRW – 8,340 KRW · fair‑value band 4,826 KRW – 8,043 KRW · the 2,950 KRW price screens below the 6,435 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
Jiransecurity Co.,Ltd, a security software company, provides solutions and maintenance services for corporate information security and data management. The company offers malware/threat response solutions, including SaniTOX, an attachment malware response solution; and MudFix, a malicious email simulation training solution.
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Jiransecurity Co.,Ltd, a security software company, provides solutions and maintenance services for corporate information security and data management. The company offers malware/threat response solutions, including SaniTOX, an attachment malware response solution; and MudFix, a malicious email simulation training solution. It also provides mail security solutions, such as SpamSniper, an integrated email security solution to counter scams/ransomware; MailScreen, an email data loss prevention solution to prevent internal information leaks; Jaybolt Plus, a user-centric intelligent email archiving solution that improves email management efficiency and enables compliance with regulations; and Cloud MailGate, a zero-trust perspective enterprise cloud email integrated security service. In addition, the company offers document security products comprising DocuOne, a document centralization solution that safely integrates and manages corporate information assets through centralization of business data; and Officehard, an enterprise security file server solution that integrates management of corporate information assets with a secure and secure collaboration environment. Further, it provides mobile security products, which include MobileKeeper, an enterprise mobility management solution; and MailSafer, a mobile email management solution for enterprises, as well as blockchain products comprising J-Vault Chain, a blockchain-based email archiving solution. Additionally, the company offers document search/document filter products, such as DocuX, a text extraction software development kit that extracts texts and key information from various forms of documents; and DeepIR, an artificial intelligence document search solution. Jiransecurity Co.,Ltd was incorporated in 2014 and is headquartered in Seongnam-si, South Korea.
Stock analysis
KB SPAC 5 (208350) currently trades at 2,950 KRW, while our model-based Fair Value estimate is 6,435 KRW, implying the stock looks roughly 54.2% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 7,380 KRW per share, and 21 of the 22 models we run sit above the 2,950 KRW price.
Bear case: the Earnings-Based group reads lowest at 1,910 KRW, and 1 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 4,826 KRW (bear) to 8,043 KRW (bull), the price of 2,950 KRW sits below 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 61/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
KB SPAC 5 reported revenue of 38.9B KRW in FY2025 versus 57.3B KRW in FY2021, a compound −9.2%/yr. Reported net income was 1.8B KRW in FY2025.
Key figures
Market cap 23.9B KRW (≈ $17.6M) · P/S ratio 0.61 · Net margin 4.7% · Return on equity 0.9% · Return on assets (EBIT) 2.0% · Operating margin −19.0% · Revenue (TTM) 38.8B KRW · Revenue growth (YoY) −2.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at 118%, 208350 screens cheaper than that median.
Fair Value models
All 22 models by family
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Set up alert →Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 54
Revenue & earnings trend
Growth Forecast
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Compare KB SPAC 5 with another stock
Price, fair value, quality and upside side by side.
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.Software - Application · 720 stocks
Valuation Multiplesvs Software - Application median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: South Korean Stocks
- Valuation of the Korea market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SAP SE SAP | €184.18 | €159.06 | −14% |
| Shopify Inc SHOP | $142.34 | $64.36 | −55% |
| Uber Technologies, Inc UBER | $69.89 | $104.82 | +50% |
| Salesforce, Inc CRM | $233.28 | $344.41 | +48% |
| ServiceNow, Inc NOW | $140.78 | $154.86 | +10% |
| Cadence Design Systems, Inc CDNS | $309.09 | $225.14 | −27% |
| Snowflake Inc SNOW | $334.81 | $75.08 | −78% |
| Datadog, Inc DDOG | $251.49 | $32.92 | −87% |
| Adobe Inc ADBE | $238.25 | $454.04 | +91% |
| Automatic Data Processing, Inc ADP | $263.68 | $177.51 | −33% |
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