i3system Inc (214430) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of i3system Inc KRW 25,315, price KRW 68,400, upside -63.0%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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i3system Inc. develops, manufactures, and sells thermal imaging and X-ray detectors in Korea. The company offers cooled and uncooled detectors; InGaAs(SWIR); and cephalometric and panoramic X-ray products.
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i3system Inc. develops, manufactures, and sells thermal imaging and X-ray detectors in Korea. The company offers cooled and uncooled detectors; InGaAs(SWIR); and cephalometric and panoramic X-ray products. It also manufactures uncooled IR detectors for uncooled thermal imaging cameras for commercial products, such as security, surveillance, radiometry devices, and night vision systems, as well as military product for personal rifle; and IR scene projector, real time scene simulator, IR camera, and laser detector for military. The company was founded in 1998 and is headquartered in Daejeon, South Korea.
Stock analysis
i3system Inc (214430) currently trades at 68,400 KRW, while our model-based Fair Value estimate is 25,315 KRW, implying the stock looks roughly 170.2% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 52,425 KRW per share, and 2 of the 24 models we run sit above the 68,400 KRW price.
Bear case: the Growth DCF group reads lowest at 9,260 KRW, and 22 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 15,716 KRW (bear) to 43,227 KRW (bull), the price of 68,400 KRW sits above 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 49/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
i3system Inc reported revenue of 124B KRW in FY2025 versus 79.7B KRW in FY2021, a compound +11.7%/yr. Reported net income was 18.8B KRW in FY2025, compounding +53.8%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 486B KRW (≈ $357M) · P/S ratio 6.12 · Dividend yield 0.7% · Net margin 15.1% · Return on equity 15.7% · Return on assets (EBIT) 6.9% · Operating margin 12.8% · Revenue (TTM) 69.6B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 29% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −63%, 214430 screens cheaper than that median.
Fair Value models
Bear 15,716 KRWFair Value 25,315 KRWBull 43,227 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+3.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.3%
Start year 2020 (pandemic). Over 10 years: +12.3% a year
Revenue growth 11 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.5%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+72.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+71.3%
Dividend (yield on the price)0.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.44% vs 9%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 13%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+53.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +50.1% a year for the price.
Price, fair value, quality and upside side by side.
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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.Electronic Components · 654 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−63% · Below median
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)13% · Top 25%
Operating margin (TTM)13% · Top 25%
Growth and dividend
Revenue growth31% · Top 25%
Dividend yield (TTM)0.7% · Below median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/FCF0.1× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 38
PAST (return on equity)63· sector 26
HEALTH (low debt)97· sector 95
DIVIDEND (yield)13· sector 25
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "i3system Inc Fair Value". https://www.fairvalue-calculator.com/stock/214430
Frequently asked questions
Is i3system Inc (214430) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 25,315 KRW versus a price of 68,400 KRW, about −63% upside (overvalued).
What is the fair value of 214430?
Our model-based fair value for i3system Inc is 25,315 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 68,400 KRW.
What is the quality score of 214430?
i3system Inc has a Quality Score of 49/100. 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 price target for i3system Inc (214430)?
Our model-based price target is the fair value of 25,315 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 15,716 KRW, optimistic scenario 43,227 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the i3system Inc stock forecast for 2026?
Our models put fair value at 25,315 KRW, about −63% upside versus a price of 68,400 KRW (overvalued). Cautious scenario 15,716 KRW, optimistic scenario 43,227 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of i3system Inc (214430)?
i3system Inc reported trailing-twelve-month revenue of about 69.6B KRW (latest available figure, as of Sep 24, 2026).
Does i3system Inc pay a dividend?
i3system Inc currently shows a dividend yield of about 0.66% relative to its recent price (as of Sep 24, 2026).
What growth is priced into i3system Inc (214430)?
For today's price to be fair in a discounted-cash-flow model, i3system Inc would have to grow free cash flow by +53.3 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 214430 use?
Our models discount i3system Inc at 12.5 %: a base by market capitalisation (small), damped by beta 1.31, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For i3system Inc that is +53.3 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has i3system Inc (214430) delivered so far?
Over the past 5 years revenue at i3system Inc grew +13.3 % a year. The price currently implies +53.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of i3system Inc (214430) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into i3system Inc (+53.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of i3system Inc (214430)?
The free-cash-flow yield on the price is 0.81 %: that much free cash flow i3system Inc produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of i3system Inc (214430)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For i3system Inc it is 25,315 KRW per share (as of Sep 24, 2026), against a price of 68,400 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is i3system Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 214430 trades above its calculated fair value: price 68,400 KRW, fair value 25,315 KRW, a gap of about −63% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 214430?
No. The price is what the market pays today (68,400 KRW); the fair value is what the company's own numbers justify (25,315 KRW). For i3system Inc the two are 43,085 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is i3system Inc worth?
The market values i3system Inc at about 486B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 68,400 KRW; our models calculate a fair value of 25,315 KRW per share.
What do the bullish and bearish scenarios say about 214430?
Our models span a range for i3system Inc: cautious scenario 15,716 KRW, base 25,315 KRW, optimistic 43,227 KRW per share (as of Sep 24, 2026, price 68,400 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of i3system Inc (214430)?
Balance-sheet figures for i3system Inc (as of Sep 24, 2026): return on equity 15.7%, debt of 0.06 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 214430 from its 52-week high?
i3system Inc trades at 68,400 KRW, about 47% below its 52-week high of 130,000 KRW and 29% above the low of 53,000 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 25,315 KRW is for.
Which stocks are comparable to i3system Inc?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is i3system Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 68,400 KRW, calculated fair value 25,315 KRW (−63%), Quality Score 49/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 214430 calculated?
We run i3system Inc through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 25,315 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. i3system Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of i3system Inc (214430)?
The closing price on Sep 23, 2026 was 68,400 KRW. Our model-based fair value is 25,315 KRW, about −63% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with i3system Inc right now?
The price sits above even our optimistic bull case (43,227 KRW). The favourable scenario is already priced in. The model range is unusually wide (15,716 KRW to 43,227 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of i3system Inc
How large is the market capitalisation of i3system Inc (214430)?
The market capitalisation of i3system Inc is 486B KRW (≈ $357M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of i3system Inc (214430)?
The price-to-sales ratio of i3system Inc is 6.12 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of i3system Inc (214430)?
The dividend yield of i3system Inc is 0.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of i3system Inc (214430)?
The net margin of i3system Inc is 15.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of i3system Inc (214430)?
The return on equity (ROE) of i3system Inc is 15.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of i3system Inc (214430)?
On an EBIT basis the return on assets of i3system Inc is 6.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of i3system Inc (214430)?
The operating margin of i3system Inc is 12.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at i3system Inc (214430)?
Revenue at i3system Inc is growing +30.8% versus a year earlier (3y avg +14.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at i3system Inc (214430)?
Earnings per share at i3system Inc are growing +196% versus a year earlier. How much earnings per share grew versus a year earlier.
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