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Thumbage Co (208640) Fair Value & Analysis

Communication Services · KR · Market cap 1.7B KRW

TC Thumbage Co 208640 · KQ
Price812.00 KRW
Fair Value144.40 KRW
Upside-82.2%
Quality59/100
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Evidence: Low Range 95.30 KRW – 180.50 KRW

Fair value as of: Jul 7, 2026

From 1 valuation models · updated today

Fair value updated Jul 7, 2026 — revised from 2,785 KRW to 144.40 KRW (−94.8%) since Jun 24, 2026. Share price +420.5% over the past month.

Price vs Fair Value (12 months)

911.00 KRW 121.00 KRW Fair Value 144.40 KRW May 2025 Jul 2026

12‑month range 121.00 KRW – 911.00 KRW · fair‑value band 95.30 KRW – 180.50 KRW · the 812.00 KRW price screens above the 144.40 KRW fair value. As of Jul 7, 2026.

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Analysis

Thumbage Co (208640) currently trades at 812.00 KRW, while our model-based Fair Value estimate is 144.40 KRW — implying the stock looks roughly 82.2% overvalued today. We read business quality at 59/100 (solid quality), in the Communication Services 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: low).

Trailing-twelve-month revenue stands at 5.1B KRW. Revenue declined 48.5% year over year. It earns a return on equity of -50.5%. Fundamentals as of Jul 7, 2026

Our scenario range runs from 95.30 KRW (bear case) to 180.50 KRW (bull case); at 812.00 KRW, the current price sits above that range. The share trades near its 52-week high. For context, the median of 10 Communication Services peers we cover trades at 12% fair-value upside — at -82%, 208640 screens richer than that median.

Key figures & financial health

Revenue (TTM) 5.1B KRW
Revenue growth (YoY) -48.5%
Net margin -161%
Return on equity -50.5%
Free cash flow −6.7B KRW FY2025
Operating margin -96.9%

Figures from reported company fundamentals (EODHD) · as of Jul 7, 2026. TTM = trailing twelve months.

About the company

Thumbage Co., Ltd. develops and sells online and mobile games in South Korea. Thumbage Co., Ltd. was founded in 2013 and is headquartered in Seongnam-si, South Korea.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Thumbage Co reported revenue of 6.0B KRW in FY2025 versus 36.2B KRW in FY2021, a compound −36.2%/yr. Reported net income was −9.3B KRW in FY2025.

Revenue −36.2%/yr
FY21 36.2B KRW
FY22 12.5B KRW
FY23 11.6B KRW
FY24 14.0B KRW
FY25 6.0B KRW
Net income
FY21 15.0B KRW
FY22 −21.5B KRW
FY23 −12.4B KRW
FY24 −6.9B KRW
FY25 −9.3B KRW

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Cite: Fair Value Calculator (2026). "Thumbage Co Fair Value". https://www.fairvalue-calculator.com/stock/208640

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Frequently asked questions

Is Thumbage Co (208640) undervalued?
As of Jul 7, 2026, our model estimates a fair value of 144.40 KRW versus a price of 812.00 KRW — about −82% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 208640?
Our model-based fair value for Thumbage Co is 144.40 KRW (as of Jul 7, 2026), built from audited fundamentals. The current price is 812.00 KRW.
What is the quality score of 208640?
Thumbage Co has a Quality Score of 59/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Thumbage Co (208640)?
Thumbage Co reported trailing-twelve-month revenue of about 5.1B KRW (latest available figure, as of Jul 7, 2026).
What is the net profit margin of 208640?
The net profit margin of Thumbage Co is about -160.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

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