GOLFZON Co. Ltd (215000) fair value: what the stock is really worth
As of Oct 6, 2026: fair value of GOLFZON Co. Ltd KRW 93,924, price KRW 35,900, upside +161.6%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range 34,450 KRW – 150,451 KRW · fair‑value band 70,443 KRW – 117,405 KRW · the 35,900 KRW price screens below the 93,924 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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GOLFZON Co., Ltd. engages in the manufacture and sale of golf simulators in South Korea and internationally. It offers golf simulators, under the GOLFZON Vision name. It also provides solutions for sports bar and lounge, home and garages, restaurants, and commercial and entertainment spaces. GOLFZON Co., Ltd.
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GOLFZON Co., Ltd. engages in the manufacture and sale of golf simulators in South Korea and internationally. It offers golf simulators, under the GOLFZON Vision name. It also provides solutions for sports bar and lounge, home and garages, restaurants, and commercial and entertainment spaces. GOLFZON Co., Ltd. was founded in 2000 and is headquartered in Seoul, South Korea.
Stock analysis
GOLFZON Co. Ltd (215000) currently trades at 35,900 KRW, while our model-based Fair Value estimate is 93,924 KRW, implying the stock looks roughly 61.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 107,607 KRW per share, and 24 of the 24 models we run sit above the 35,900 KRW price.
Bear case: the Earnings-Based group reads lowest at 39,875 KRW, and 0 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 70,443 KRW (bear) to 117,405 KRW (bull), the price of 35,900 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 65/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
GOLFZON Co. Ltd reported revenue of 483B KRW in FY2025 versus 440B KRW in FY2021, a compound +2.4%/yr. Reported net income was 25.6B KRW in FY2025, compounding −23.9%/yr from FY2021.
Key figures
Market cap 216B KRW (≈ $161M) · P/S ratio 0.48 · Dividend yield 11.1% · Net margin 5.3% · Return on equity 1.6% · Return on assets (EBIT) 17.3% · Operating margin 6.9% · Revenue (TTM) 445B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (medium confidence).
What moves the price
The share trades about 41% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 44% fair-value upside, at 162%, 215000 screens cheaper than that median.
Fair Value models
Bear 70,443 KRWFair Value 93,924 KRWBull 117,405 KRW
Price 35,900 KRW · Upside +161.6%
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−22.1%
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.
−7.8%
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.
+10.1%
Start year 2020 (pandemic). Over 10 years: +9.1% a year
Revenue growth 10 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.
+9.1%
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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.
+18.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.4%
Dividend (yield on the price)11.1%
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.−6.9% vs −3.1%, slowing
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.17% → 14%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's 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 Gaming & Multimedia · 141 stocks
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.
Is GOLFZON Co. Ltd (215000) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 93,924 KRW versus a price of 35,900 KRW, about +162% upside (undervalued).
What is the fair value of 215000?
Our model-based fair value for GOLFZON Co. Ltd is 93,924 KRW (as of Oct 2, 2026), built from audited fundamentals. The current price: 35,900 KRW.
What is the quality score of 215000?
GOLFZON Co. Ltd has a Quality Score of 65/100. 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 GOLFZON Co. Ltd (215000)?
Our model-based price target is the fair value of 93,924 KRW (as of Oct 2, 2026) from 24 valuation models. Cautious scenario 70,443 KRW, optimistic scenario 117,405 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the GOLFZON Co. Ltd stock forecast for 2026?
Our models put fair value at 93,924 KRW, about +162% upside versus a price of 35,900 KRW (undervalued). Cautious scenario 70,443 KRW, optimistic scenario 117,405 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of GOLFZON Co. Ltd (215000)?
GOLFZON Co. Ltd reported trailing-twelve-month revenue of about 445B KRW (latest available figure, as of Oct 2, 2026).
Does GOLFZON Co. Ltd pay a dividend?
GOLFZON Co. Ltd currently shows a dividend yield of about 11.14% relative to its recent price (as of Oct 2, 2026).
What growth is priced into GOLFZON Co. Ltd (215000)?
For today's price to be fair in a discounted-cash-flow model, GOLFZON Co. Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.1 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of 215000 use?
Our models discount GOLFZON Co. Ltd at 11.6 %: a base by market capitalisation (micro), damped by beta 0.33, 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 GOLFZON Co. Ltd that is less than minus 40 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has GOLFZON Co. Ltd (215000) delivered so far?
Over the past 5 years revenue at GOLFZON Co. Ltd grew +10.1 % a year. The price currently implies less than minus 40 % 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 GOLFZON Co. Ltd (215000) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into GOLFZON Co. Ltd (less than minus 40 % 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 GOLFZON Co. Ltd (215000)?
The free-cash-flow yield on the price is 29.66 %: that much free cash flow GOLFZON Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of GOLFZON Co. Ltd (215000)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GOLFZON Co. Ltd it is 93,924 KRW per share (as of Oct 2, 2026), against a price of 35,900 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is GOLFZON Co. Ltd stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 215000 trades below its calculated fair value: price 35,900 KRW, fair value 93,924 KRW, a gap of about +162% (undervalued). 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 215000?
No. The price is what the market pays today (35,900 KRW); the fair value is what the company's own numbers justify (93,924 KRW). For GOLFZON Co. Ltd the two are 58,024 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is GOLFZON Co. Ltd worth?
The market values GOLFZON Co. Ltd at about 216B KRW (market capitalisation, as of Oct 2, 2026). Per share that is 35,900 KRW; our models calculate a fair value of 93,924 KRW per share.
What do the bullish and bearish scenarios say about 215000?
Our models span a range for GOLFZON Co. Ltd: cautious scenario 70,443 KRW, base 93,924 KRW, optimistic 117,405 KRW per share (as of Oct 2, 2026, price 35,900 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of GOLFZON Co. Ltd (215000)?
Balance-sheet figures for GOLFZON Co. Ltd (as of Oct 2, 2026): return on equity 1.6%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 215000 from its 52-week high?
GOLFZON Co. Ltd trades at 35,900 KRW, about 41% below its 52-week high of 60,800 KRW and 4% above the low of 34,450 KRW (as of Oct 6, 2026). Distance from the high says nothing about value: that is what the fair value of 93,924 KRW is for.
Which stocks are comparable to GOLFZON Co. Ltd?
From the same area (Communication Services) we also value NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, Zhejiang Century Huatong Group, 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 GOLFZON Co. Ltd stock attractive at the current price?
The data as of Oct 2, 2026: price 35,900 KRW, calculated fair value 93,924 KRW (+162%), Quality Score 65/100, 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 215000 calculated?
We run GOLFZON Co. Ltd 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 93,924 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 15.0 % above its aggregate fair value. GOLFZON Co. Ltd currently trades 62 % below its own fair value, and the market average says nothing about that. 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 GOLFZON Co. Ltd (215000)?
The closing price on Oct 6, 2026 was 35,900 KRW. Our model-based fair value is 93,924 KRW, about +162% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GOLFZON Co. Ltd right now?
The price is below even our cautious bear case (70,443 KRW). The market is more pessimistic than our downside scenario. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of GOLFZON Co. Ltd
How large is the market capitalisation of GOLFZON Co. Ltd (215000)?
The market capitalisation of GOLFZON Co. Ltd is 216B KRW (≈ $161M). 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 GOLFZON Co. Ltd (215000)?
The price-to-sales ratio of GOLFZON Co. Ltd is 0.48 (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 GOLFZON Co. Ltd (215000)?
The dividend yield of GOLFZON Co. Ltd is 11.1%. 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 GOLFZON Co. Ltd (215000)?
The net margin of GOLFZON Co. Ltd is 5.3% (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 GOLFZON Co. Ltd (215000)?
The return on equity (ROE) of GOLFZON Co. Ltd is 1.6% (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 GOLFZON Co. Ltd (215000)?
On an EBIT basis the return on assets of GOLFZON Co. Ltd is 17.3% (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 GOLFZON Co. Ltd (215000)?
The operating margin of GOLFZON Co. Ltd is 6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GOLFZON Co. Ltd (215000)?
Revenue at GOLFZON Co. Ltd is growing −16.4% versus a year earlier (3y avg −7.8%). 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 GOLFZON Co. Ltd (215000)?
Earnings per share at GOLFZON Co. Ltd are growing −11.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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