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RFHIC Corporation (218410) Fair Value & Analysis

Technology · KR · Market cap 1.2T KRW

RC RFHIC Corporation 218410 · KQ
Price48,450 KRW
Fair Value20,781 KRW
Upside-57.1%
Quality70/100
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Healthy Growth
Thin margins · 4.2% net margin
Low debt · generates free cash flow
0.46% dividend yield
Trails peers (3/10)
Moderate moat 47/100
Evidence: Medium Range 15,586 KRW – 26,176 KRW Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 21 days ago

Share price −1.9% over the past month.

A solid business, but screening 57% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (26,176 KRW). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

112,500 KRW 10,445 KRW Fair Value 20,781 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 10,445 KRW – 112,500 KRW · fair‑value band 15,586 KRW – 26,176 KRW · the 48,450 KRW price screens above the 20,781 KRW fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

RFHIC Corporation (218410) currently trades at 48,450 KRW, while our model-based Fair Value estimate is 20,781 KRW, implying the stock looks roughly 57.1% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Technology 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: medium).

Over the trailing twelve months, RFHIC Corporation generated revenue of 107B KRW at a net margin of 4.2%. Revenue grew 53.5% year over year. It earns a return on equity of 245.3%. Net debt stands at 22.0B KRW. Fundamentals as of Jul 19, 2026

Our scenario range runs from 15,586 KRW (bear case) to 26,176 KRW (bull case); at 48,450 KRW, the current price sits above 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 62% below its 52-week high and 125% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -68% fair-value upside, at -57%, 218410 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 BearBaseBull Evidence
Highest evidence
Growth DCF 16,923 KRW 28,830 KRW 50,590 KRW 80
Residual Income 12,344 KRW 13,434 KRW 18,805 KRW 76
Rev-Margin DCF 15,349 KRW 24,991 KRW 37,626 KRW 74
All 26 models by family
DCF Models
FCF DCF 17,033 KRW 29,938 KRW 53,850 KRW 38
Owner Earnings 21,400 KRW 38,227 KRW 69,407 KRW 31
5Y Revenue Exit 15,349 KRW 25,271 KRW 38,863 KRW 39
5Y EBITDA Exit 17,565 KRW 29,900 KRW 45,546 KRW 41
5Y P/E Exit 18,905 KRW 32,698 KRW 48,699 KRW 38
10Y Revenue Exit 15,360 KRW 25,188 KRW 40,520 KRW 36
10Y EBITDA Exit 17,308 KRW 28,684 KRW 46,318 KRW 37
10Y P/E Exit 18,221 KRW 30,798 KRW 49,053 KRW 35
Earnings-Based
Graham-Dodd 8,312 KRW 40,280 KRW 55,480 KRW 54
Lynch FV 10,782 KRW 15,402 KRW 20,023 KRW 50
PEG = 1.0 10,782 KRW 15,402 KRW 20,023 KRW 46
EPV 14,520 KRW 16,612 KRW 18,473 KRW 59
Dividend Discount
Gordon GGM 1,043 KRW 2,277 KRW 3,831 KRW 70
DDM Multi-Stage 1,043 KRW 1,865 KRW 2,373 KRW 61
Multiples
P/E Multiple 18,336 KRW 24,448 KRW 30,560 KRW 63
P/S Multiple 14,861 KRW 19,815 KRW 24,768 KRW 58
P/B Multiple 15,586 KRW 20,781 KRW 25,976 KRW 55
EV/EBIT 20,449 KRW 26,378 KRW 32,308 KRW 53
EV/EBITDA 18,928 KRW 24,351 KRW 29,774 KRW 54
EV/Revenue 14,651 KRW 19,790 KRW 24,929 KRW 43
Asset-Based
NCAV (Graham) 7,233 KRW 9,692 KRW 14,466 KRW 50
Growth DCF
Growth DCF 16,923 KRW 28,830 KRW 50,590 KRW 80
Rev-Margin DCF 15,349 KRW 24,991 KRW 37,626 KRW 74
Economic Profit
Residual Income 12,344 KRW 13,434 KRW 18,805 KRW 76
ROIC Compounder 14,553 KRW 19,317 KRW 24,483 KRW 72
Growth Earnings
Growth-Adj P/E 16,333 KRW 23,333 KRW 30,333 KRW 68

Widest divergence: DCF Models (29,900 KRW) versus Dividend Discount (1,865 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 107B KRW
Revenue growth (YoY) +53.5%
Net margin 4.2%
Return on equity 245%
Free cash flow 24.3B KRW FY2025
Operating margin 1.0%
More key figures
Dividend yield 0.5%
EPS growth (YoY) +1,100%
Net debt 22.0B KRW FY2023

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 68 · Market factors (momentum, volatility) 56

Profitability 37
Margins and returns on capital today
Quality Growth 84
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 88
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

RFHIC Corporation designs and manufactures radio frequency (RF) and microwave components for wireless infrastructure, commercial and military radar, and industrial/scientific/medical industries in South Korea and internationally.

Full company description

RFHIC Corporation designs and manufactures radio frequency (RF) and microwave components for wireless infrastructure, commercial and military radar, and industrial/scientific/medical industries in South Korea and internationally. The company's products include RF power transistors comprising gallium nitride (GaN) on SiC transistors; GaN and GaAs MMICs, and active dividers; power amplifiers, such as hybrid, pallet, wideband, module, and low noise amplifiers, as well as GaN T/R modules; and sub-systems, including RF/microwave generators, RF transmitters, and high-power combiners. It offers its products for telecommunications application, such as 4G LTE, 5G, Wi-Fi, point-to-point radio, and SatCom; RF energy applications, including microwave heating and drying, particle accelerators, plasma lighting, semiconductor equipment, waste gasification, carbon fiber and composite materials, microwave assisted X-ray laser, microwave tumor ablation, and bio and health sciences; and defense applications comprising radar, milcom, electronic warfare, and SatCom/VSAT. The company was founded in 1999 and is headquartered in Anyang-si, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

RFHIC Corporation reported revenue of 186B KRW in FY2025 versus 102B KRW in FY2021, a compound +16.3%/yr. Reported net income was 28.7B KRW in FY2025, compounding +47.7%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
186B KRW
Latest YoY
+61.7%
Avg. growth/yr (3Y)
+19.8%
Avg. growth/yr (5Y)
+21.4%
Avg. growth/yr (9Y)
+13.1%
Revenue +16.3%/yr
FY21 102B KRW
FY22 108B KRW
FY23 111B KRW
FY24 115B KRW
FY25 186B KRW
Net income +47.7%/yr
FY21 6.0B KRW
FY22 2.8B KRW
FY23 17.4B KRW
FY24 25.7B KRW
FY25 28.7B KRW

218410 screens 57% overvalued. Compare with TES Co →

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Cite: Fair Value Calculator (2026). "RFHIC Corporation Fair Value". https://www.fairvalue-calculator.com/stock/218410

Peer Group

Semiconductors & Semiconductor Equipment · 46 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 70 · Top 25%
Fair Value upside −57% · Below median
Return on equity (TTM) 245% · Top 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 4% · Below median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 54% · Top 25%
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.14× · Higher than 75% of peers

Valuation Multiples vs Semiconductors & Semiconductor Equipment median · lower = cheaper

P/FCF 0.0× · Pricier than median

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.

VALUE 0 · sector 0
FUTURE 100 · sector 94
PAST 100 · sector 100
HEALTH 93 · sector 99
DIVIDEND 9 · sector 20

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Semiconductors & Semiconductor Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
TES Co 095610 194,300 KRW 48,953 KRW -75%
Eugene Technology Co 084370 146,800 KRW 38,128 KRW -74%
TSE Co 131290 282,500 KRW 69,101 KRW -76%
ISC Co 095340 151,200 KRW 46,504 KRW -69%
PSK HOLDINGS Inc 031980 136,200 KRW 69,242 KRW -49%
Jeju Semiconductor Corp 080220 81,900 KRW 23,473 KRW -71%
Tokai Carbon Korea Co 064760 232,000 KRW 112,596 KRW -51%
HANA Micron Inc 067310 35,750 KRW 11,501 KRW -68%
S&S Tech Corporation 101490 39,600 KRW 46,799 KRW +18%
Global Standard Technology, Limited 083450 42,350 KRW 50,658 KRW +20%

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Frequently asked questions

Is RFHIC Corporation (218410) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 20,781 KRW versus a price of 48,450 KRW, about −57% (overvalued).
What is the fair value of 218410?
Our model-based fair value for RFHIC Corporation is 20,781 KRW (as of Jul 19, 2026), built from audited fundamentals. The current price is 48,450 KRW.
What is the quality score of 218410?
RFHIC Corporation has a Quality Score of 70/100. 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 RFHIC Corporation (218410)?
RFHIC Corporation reported trailing-twelve-month revenue of about 107B KRW (latest available figure, as of Jul 19, 2026).
What is the net profit margin of 218410?
The net profit margin of RFHIC Corporation is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
Does RFHIC Corporation pay a dividend?
RFHIC Corporation currently shows a dividend yield of about 0.46% relative to its recent price (as of Jul 19, 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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