Korea SPAC 3 (222080) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Korea SPAC 3 KRW 11,606, price KRW 7,460, upside +55.6%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Creative & Innovative System Corporation manufactures and sells equipment for lithium-ion batteries powering IT instruments, EV lithium-ion batteries, fuel cells, solar cells, displays, etc.
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Creative & Innovative System Corporation manufactures and sells equipment for lithium-ion batteries powering IT instruments, EV lithium-ion batteries, fuel cells, solar cells, displays, etc. It offers coater, roll press, slitter, tape laminator electrode manufacturing machines, as well as optical and assembly machines, business status, manufacturing process, electrode manufacturing facility labs, and roll to toll factories. The company operates in South Korea, China, Canada, Hungary, Italy, Japan, Malaysia, the United States, Germany, and Sweden. Creative & Innovative System Corporation was founded in 2002 and is headquartered in Daegu, South Korea.
Stock analysis
Korea SPAC 3 (222080) currently trades at 7,460 KRW, while our model-based Fair Value estimate is 11,606 KRW, implying the stock looks roughly 35.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 18,800 KRW per share, and 16 of the 24 models we run sit above the 7,460 KRW price.
Bear case: the Asset-Based group reads lowest at 4,374 KRW, and 8 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 8,124 KRW (bear) to 15,087 KRW (bull), the price of 7,460 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 51/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Korea SPAC 3 reported revenue of 407B KRW in FY2025 versus 133B KRW in FY2021, a compound +32.3%/yr. Reported net income was 28.7B KRW in FY2025.
Key figures
Market cap 577B KRW (≈ $404M) · P/S ratio 1.59 · Net margin 7.1% · Return on equity 3.9% · Return on assets (EBIT) 5.0% · Operating margin 4.1% · Revenue (TTM) 353B KRW · Revenue growth (YoY) −50.5%.
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 60% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at 56%, 222080 screens cheaper than that median.
Fair Value models
Bear 8,124 KRWFair Value 11,606 KRWBull 15,087 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.84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−19.9%
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.
+36.7%
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.
+28.1%
Start year 2020 (pandemic)
Revenue growth 9 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.
+20.5%
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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. 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.
+13.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.1%
Dividend (yield on the price)0.0%
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.10% → 8%
Growth Forecast
Little optimism in the price
The price assumes less 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).
−16.0%
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 −17.7% 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.Specialty Industrial Machinery · 832 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+56% · Top 25%
Profitability
Return on equity (TTM)4% · Below median
Return on assets2% · Below median
Net margin (TTM)6% · Below median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth−51% · Bottom 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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Is Korea SPAC 3 (222080) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 11,606 KRW versus a price of 7,460 KRW, about +56% upside (undervalued).
What is the fair value of 222080?
Our model-based fair value for Korea SPAC 3 is 11,606 KRW (as of Sep 23, 2026), built from audited fundamentals. The current price: 7,460 KRW.
What is the quality score of 222080?
Korea SPAC 3 has a Quality Score of 51/100. 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 Korea SPAC 3 (222080)?
Our model-based price target is the fair value of 11,606 KRW (as of Sep 23, 2026) from 24 valuation models. Cautious scenario 8,124 KRW, optimistic scenario 15,087 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Korea SPAC 3 stock forecast for 2026?
Our models put fair value at 11,606 KRW, about +56% upside versus a price of 7,460 KRW (undervalued). Cautious scenario 8,124 KRW, optimistic scenario 15,087 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Korea SPAC 3 (222080)?
Korea SPAC 3 reported trailing-twelve-month revenue of about 353B KRW (latest available figure, as of Sep 23, 2026).
What growth is priced into Korea SPAC 3 (222080)?
For today's price to be fair in a discounted-cash-flow model, Korea SPAC 3 would have to grow free cash flow by -16.0 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.1 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 222080 use?
Our models discount Korea SPAC 3 at 10.1 %: a base by market capitalisation (mega), damped by beta 1.43, 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 Korea SPAC 3 that is -16.0 % per year a year over ten years, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Korea SPAC 3 (222080) delivered so far?
Over the past 5 years revenue at Korea SPAC 3 grew +28.1 % a year. The price currently implies -16.0 % 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 Korea SPAC 3 (222080) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Korea SPAC 3 (-16.0 % 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 Korea SPAC 3 (222080)?
The free-cash-flow yield on the price is 16.66 %: that much free cash flow Korea SPAC 3 produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Korea SPAC 3 (222080)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korea SPAC 3 it is 11,606 KRW per share (as of Sep 23, 2026), against a price of 7,460 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Korea SPAC 3 stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 222080 trades below its calculated fair value: price 7,460 KRW, fair value 11,606 KRW, a gap of about +56% (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 222080?
No. The price is what the market pays today (7,460 KRW); the fair value is what the company's own numbers justify (11,606 KRW). For Korea SPAC 3 the two are 4,146 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Korea SPAC 3 worth?
The market values Korea SPAC 3 at about 577B KRW (market capitalisation, as of Sep 23, 2026). Per share that is 7,460 KRW; our models calculate a fair value of 11,606 KRW per share.
What do the bullish and bearish scenarios say about 222080?
Our models span a range for Korea SPAC 3: cautious scenario 8,124 KRW, base 11,606 KRW, optimistic 15,087 KRW per share (as of Sep 23, 2026, price 7,460 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Korea SPAC 3 (222080)?
Balance-sheet figures for Korea SPAC 3 (as of Sep 23, 2026): return on equity 3.9%. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 222080 from its 52-week high?
Korea SPAC 3 trades at 7,460 KRW, about 60% below its 52-week high of 18,650 KRW and 26% above the low of 5,940 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 11,606 KRW is for.
Which stocks are comparable to Korea SPAC 3?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Korea SPAC 3 stock attractive at the current price?
The data as of Sep 23, 2026: price 7,460 KRW, calculated fair value 11,606 KRW (+56%), Quality Score 51/100, 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 222080 calculated?
We run Korea SPAC 3 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 11,606 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 14.1 % above its aggregate fair value. Korea SPAC 3 currently trades 56 % 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 Korea SPAC 3 (222080)?
The closing price on Sep 23, 2026 was 7,460 KRW. Our model-based fair value is 11,606 KRW, about +56% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Korea SPAC 3 right now?
The price is below even our cautious bear case (8,124 KRW). The market is more pessimistic than our downside scenario. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (8,124 KRW to 15,087 KRW) leaves room in how you read the outcome.
Key figures of Korea SPAC 3
How large is the market capitalisation of Korea SPAC 3 (222080)?
The market capitalisation of Korea SPAC 3 is 577B KRW (≈ $404M). 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 Korea SPAC 3 (222080)?
The price-to-sales ratio of Korea SPAC 3 is 1.59 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Korea SPAC 3 (222080)?
The net margin of Korea SPAC 3 is 7.1% (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 Korea SPAC 3 (222080)?
The return on equity (ROE) of Korea SPAC 3 is 3.9% (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 Korea SPAC 3 (222080)?
On an EBIT basis the return on assets of Korea SPAC 3 is 5.0% (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 Korea SPAC 3 (222080)?
The operating margin of Korea SPAC 3 is 4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Korea SPAC 3 (222080)?
Revenue at Korea SPAC 3 is growing −50.5% versus a year earlier (3y avg +36.7%). 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 Korea SPAC 3 (222080)?
Earnings per share at Korea SPAC 3 are growing −59.6% versus a year earlier. How much earnings per share grew versus a year earlier.
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