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Innocean Worldwide Inc (214320) Fair Value & Analysis

Communication Services · KR · Market cap 744B KRW

IW Innocean Worldwide Inc 214320 · KO
Price18,790 KRW
Fair Value50,469 KRW
Upside+168.6%
Quality59/100
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Strengths

Trades 169% below our fair value of 50,469 KRW
Healthy Growth
Low debt · generates free cash flow
Ranks above peers (10/10)

Risks

!Thin margins · 5.3% net margin
!Narrow moat 41/100
!Weak on future: 21 out of 100
Healthy Growth
Thin margins · 5.3% net margin
Low debt · generates free cash flow
11.42% dividend yield
Ranks above peers (10/10)
Narrow moat 41/100
Evidence: High Range 37,852 KRW – 63,087 KRW Share as image

Fair value as of: Aug 20, 2026

From 24 valuation models · updated yesterday

Share price +1.3% over the past month.

A solid business, screening 169% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (37,852 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

25,888 KRW 15,440 KRW Fair Value 50,469 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range 15,440 KRW – 25,888 KRW · fair‑value band 37,852 KRW – 63,087 KRW · the 18,790 KRW price screens below the 50,469 KRW fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Innocean Worldwide Inc (214320) currently trades at 18,790 KRW, while our model-based Fair Value estimate is 50,469 KRW, implying the stock looks roughly 168.6% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Communication Services 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.

Over the trailing twelve months, Innocean Worldwide Inc generated revenue of 2.2T KRW at a net margin of 5.3%. Revenue grew 4.1% year over year. It earns a return on equity of 12.3%. Fundamentals as of Aug 20, 2026

Our scenario range runs from 37,852 KRW (bear case) to 63,087 KRW (bull case); at 18,790 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 17% below its 52-week high and 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -13% fair-value upside, at 169%, 214320 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
Growth DCF 99,215 KRW 145,924 KRW 218,073 KRW 80
Residual Income 22,907 KRW 25,009 KRW 34,338 KRW 76
Rev-Margin DCF 67,537 KRW 93,877 KRW 125,451 KRW 74
All 24 models by family
DCF Models
FCF DCF 98,043 KRW 151,652 KRW 240,561 KRW 38
Owner Earnings 57,817 KRW 84,821 KRW 129,607 KRW 31
5Y Revenue Exit 67,537 KRW 93,325 KRW 125,874 KRW 39
5Y EBITDA Exit 73,809 KRW 105,375 KRW 142,229 KRW 41
5Y P/E Exit 66,428 KRW 91,195 KRW 117,220 KRW 38
10Y Revenue Exit 76,043 KRW 102,937 KRW 138,922 KRW 36
10Y EBITDA Exit 81,394 KRW 111,621 KRW 152,017 KRW 37
10Y P/E Exit 76,530 KRW 101,402 KRW 131,993 KRW 35
Earnings-Based
Graham-Dodd 15,600 KRW 54,866 KRW 73,806 KRW 54
Lynch FV 12,815 KRW 18,307 KRW 23,799 KRW 50
PEG = 1.0 12,815 KRW 18,307 KRW 23,799 KRW 46
EPV 44,390 KRW 49,226 KRW 53,524 KRW 59
Multiples
P/E Multiple 37,852 KRW 50,469 KRW 63,087 KRW 63
P/S Multiple 29,249 KRW 38,999 KRW 48,749 KRW 58
P/B Multiple 29,249 KRW 38,999 KRW 48,749 KRW 55
EV/EBIT 65,826 KRW 82,106 KRW 98,386 KRW 53
EV/EBITDA 67,024 KRW 83,703 KRW 100,382 KRW 54
EV/Revenue 54,023 KRW 69,896 KRW 85,769 KRW 43
Asset-Based
NCAV (Graham) 13,309 KRW 17,834 KRW 26,618 KRW 50
Growth DCF
Growth DCF 99,215 KRW 145,924 KRW 218,073 KRW 80
Rev-Margin DCF 67,537 KRW 93,877 KRW 125,451 KRW 74
Economic Profit
Residual Income 22,907 KRW 25,009 KRW 34,338 KRW 76
ROIC Compounder 46,716 KRW 55,065 KRW 64,844 KRW 72
Growth Earnings
Growth-Adj P/E 32,521 KRW 46,459 KRW 60,397 KRW 68

Widest divergence: DCF Models (101,402 KRW) versus Asset-Based (17,834 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.2T KRW
Revenue growth (YoY) +4.1%
Net margin 5.3%
Return on equity 12.3%
Free cash flow 262B KRW FY2025
Operating margin 7.6%
More key figures
Dividend yield 11.4%
EPS growth (YoY) +189%

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 60 · Market factors (momentum, volatility) 54

Profitability 44
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 40
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

Innocean Worldwide Inc. provides marketing and communications services in the Americas, Europe, Asia, Oceania, the Middle East, and internationally. The company offers advertising services; integrated digital transformation services; and media planning, buying, out-of-home, and digital media solutions.

Full company description

Innocean Worldwide Inc. provides marketing and communications services in the Americas, Europe, Asia, Oceania, the Middle East, and internationally. The company offers advertising services; integrated digital transformation services; and media planning, buying, out-of-home, and digital media solutions. It also provides content business solutions comprising sports business solutions through consulting, property, and sponsorship marketing; entertainment and cultural services; consumer experience solutions; plans, designs, and operates business through space as a marketing communication; and plans and executes global exhibitions and on-site events. Innocean Worldwide Inc. was founded in 2005 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

Innocean Worldwide Inc reported revenue of 2.1T KRW in FY2025 versus 1.5T KRW in FY2021, a compound +9.3%/yr. Reported net income was 91.8B KRW in FY2025, compounding +8.6%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.1T KRW
Latest YoY
+1.2%
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.
+7.0%
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.
+11.9%
Avg. growth/yr (11Y) 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.
+10.1%
Revenue +9.3%/yr
FY21 1.5T KRW
FY22 1.8T KRW
FY23 2.1T KRW
FY24 2.1T KRW
FY25 2.1T KRW
Net income +8.6%/yr
FY21 65.9B KRW
FY22 70.6B KRW
FY23 102B KRW
FY24 100B KRW
FY25 91.8B KRW

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Cite: Fair Value Calculator (2026). "Innocean Worldwide Inc Fair Value". https://www.fairvalue-calculator.com/stock/214320

Peer Group

Advertising Agencies · 205 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 59 · Above median
Fair Value upside +169% · Top 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 5% · Top 25%
Operating margin (TTM) 8% · Above median
Revenue growth 4% · Above median
Dividend yield (TTM) 11.3% · Top 25%

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 19
FUTURE21 · sector 6
PAST49 · sector 3
HEALTH100 · sector 99
DIVIDEND100 · sector 56

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

Similar stocks

10 more Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
AppLovin Corporation APP $303.76 $252.45 -17%
Publicis Groupe S.A PUB €99.98 €146.36 +46%
Omnicom Group OMC $85.51 $99.84 +17%
Focus Media Information Technology Co 002027 ¥5.29 ¥5.71 +8%
The Trade Desk, Inc TTD $13.49 $29.07 +115%
JCDecaux SE DEC €24.00 €20.99 -13%
Easy Click Worldwide Network Technology Co 301171 ¥37.40 ¥5.62 -85%
Affle (India) Limited AFFLE ₹1,711 ₹591.41 -65%
Mobvista Inc 1860 HK$11.04 HK$6.43 -42%
Guangdong Advertising Group 002400 ¥6.48 ¥1.14 -82%

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Frequently asked questions

Is Innocean Worldwide Inc (214320) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 50,469 KRW versus a price of 18,790 KRW, about +169% (undervalued).
What is the fair value of 214320?
Our model-based fair value for Innocean Worldwide Inc is 50,469 KRW (as of Aug 20, 2026), built from audited fundamentals. The current price: 18,790 KRW.
What is the quality score of 214320?
Innocean Worldwide Inc has a Quality Score of 59/100. 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 Innocean Worldwide Inc (214320)?
Innocean Worldwide Inc reported trailing-twelve-month revenue of about 2.2T KRW (latest available figure, as of Aug 20, 2026).
What is the net profit margin of 214320?
The net profit margin of Innocean Worldwide Inc is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. Based on the latest reported figures.
Does Innocean Worldwide Inc pay a dividend?
Innocean Worldwide Inc currently shows a dividend yield of about 10.32% relative to its recent price (as of Aug 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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