Mdevice (226590) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Mdevice KRW 17,939, price KRW 14,740, upside +21.7%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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MEGAELECTRONICS Co., Ltd. designs, manufactures, and sells storage devices in South Korea. It offers flash storage solid state drives and semiconductor storage devices for digital devices and data center servers. The company was founded in 2009 and is based in Gwacheon-si, South Korea.
Stock analysis
Mdevice (226590) currently trades at 14,740 KRW, while our model-based Fair Value estimate is 17,939 KRW, implying the stock looks roughly 17.8% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 51,016 KRW per share, and 9 of the 15 models we run sit above the 14,740 KRW price.
Bear case: the Asset-Based group reads lowest at 2,983 KRW, and 6 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 13,229 KRW (bear) to 22,649 KRW (bull), the price of 14,740 KRW sits inside 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 40/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Mdevice reported revenue of 96.5B KRW in FY2025 versus 10.1B KRW in FY2022, a compound +112.1%/yr. Reported net income was 10.7B KRW in FY2025.
Key figures
Market cap 157B KRW (≈ $115M) · P/S ratio 1.28 · Net margin 11.1% · Return on equity 2.2% · Return on assets (EBIT) 2.1% · Operating margin 15.4% · Revenue (TTM) 96.9B KRW · Revenue growth (YoY) +1.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 67% 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 22%, 226590 screens cheaper than that median.
Fair Value models
Bear 13,229 KRWFair Value 17,939 KRWBull 22,649 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+99.8%
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.
+112.1%
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
−12.7% (2022) → 12.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
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
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). "Mdevice Fair Value". https://www.fairvalue-calculator.com/stock/226590
Frequently asked questions
Is Mdevice (226590) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 17,939 KRW versus a price of 14,740 KRW, about +22% upside (undervalued).
What is the fair value of 226590?
Our model-based fair value for Mdevice is 17,939 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 14,740 KRW.
What is the quality score of 226590?
Mdevice has a Quality Score of 40/100. 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 Mdevice (226590)?
Our model-based price target is the fair value of 17,939 KRW (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 13,229 KRW, optimistic scenario 22,649 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Mdevice stock forecast for 2026?
Our models put fair value at 17,939 KRW, about +22% upside versus a price of 14,740 KRW (undervalued). Cautious scenario 13,229 KRW, optimistic scenario 22,649 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Mdevice (226590)?
Mdevice reported trailing-twelve-month revenue of about 96.9B KRW (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Mdevice (226590)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mdevice it is 17,939 KRW per share (as of Sep 24, 2026), against a price of 14,740 KRW. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Mdevice stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 226590 trades below its calculated fair value: price 14,740 KRW, fair value 17,939 KRW, a gap of about +22% (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 226590?
No. The price is what the market pays today (14,740 KRW); the fair value is what the company's own numbers justify (17,939 KRW). For Mdevice the two are 3,199 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Mdevice worth?
The market values Mdevice at about 157B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 14,740 KRW; our models calculate a fair value of 17,939 KRW per share.
What do the bullish and bearish scenarios say about 226590?
Our models span a range for Mdevice: cautious scenario 13,229 KRW, base 17,939 KRW, optimistic 22,649 KRW per share (as of Sep 24, 2026, price 14,740 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mdevice (226590)?
Balance-sheet figures for Mdevice (as of Sep 24, 2026): return on equity 2.2%, debt of 0.12 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 226590 from its 52-week high?
Mdevice trades at 14,740 KRW, about 59% below its 52-week high of 36,250 KRW and 67% above the low of 8,810 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 17,939 KRW is for.
Which stocks are comparable to Mdevice?
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 Mdevice stock attractive at the current price?
The data as of Sep 24, 2026: price 14,740 KRW, calculated fair value 17,939 KRW (+22%), Quality Score 40/100, from 15 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 226590 calculated?
We run Mdevice through 15 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 17,939 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. Mdevice currently trades 22 % 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 Mdevice (226590)?
The closing price on Sep 23, 2026 was 14,740 KRW. Our model-based fair value is 17,939 KRW, about +22% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mdevice right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Mdevice
How large is the market capitalisation of Mdevice (226590)?
The market capitalisation of Mdevice is 157B KRW (≈ $115M). 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 Mdevice (226590)?
The price-to-sales ratio of Mdevice is 1.28 (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 Mdevice (226590)?
The net margin of Mdevice is 11.1% (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 Mdevice (226590)?
The return on equity (ROE) of Mdevice is 2.2% (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 Mdevice (226590)?
On an EBIT basis the return on assets of Mdevice is 2.1% (avg 4y). 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 Mdevice (226590)?
The operating margin of Mdevice is 15.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mdevice (226590)?
Revenue at Mdevice is growing +1.9% versus a year earlier (3y avg +112%). 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 Mdevice (226590)?
Earnings per share at Mdevice are growing +39.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Mdevice (226590) generate?
The free cash flow of Mdevice is −25.6B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Mdevice (226590) carry?
The net debt of Mdevice is 11.3B KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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