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YC Corporation (232140) Fair Value & Analysis

Technology · KR · Market cap 803B KRW

YC YC Corporation 232140 · KQ
Price9,200 KRW
Fair Value4,878 KRW
Upside-47.0%
Quality62/100
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Mixed Growth
Thin margins · 8.3% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/9)
Narrow moat 41/100
Evidence: Medium Range 3,634 KRW – 6,122 KRW Share as image

Fair value as of: Jul 22, 2026

From 22 valuation models · updated 18 days ago

Share price −9.4% over the past month.

A solid business, but screening 47% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (6,122 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

23,700 KRW 2,735 KRW Fair Value 4,878 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 2,735 KRW – 23,700 KRW · fair‑value band 3,634 KRW – 6,122 KRW · the 9,200 KRW price screens above the 4,878 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

YC Corporation (232140) currently trades at 9,200 KRW, while our model-based Fair Value estimate is 4,878 KRW, implying the stock looks roughly 47.0% overvalued today. The Quality Score stands at 62/100 (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, YC Corporation generated revenue of 267B KRW at a net margin of 8.3%. Revenue declined 14.5% year over year. It earns a return on equity of 7.9%. Net debt stands at 8.0B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 3,634 KRW (bear case) to 6,122 KRW (bull case); at 9,200 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, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -47%, 232140 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 3,778 KRW 5,049 KRW 7,310 KRW 80
Rev-Margin DCF 2,782 KRW 3,726 KRW 4,900 KRW 74
ROIC Compounder 2,196 KRW 2,485 KRW 2,742 KRW 72
All 22 models by family
DCF Models
FCF DCF 3,621 KRW 4,918 KRW 7,415 KRW 38
Owner Earnings 2,188 KRW 2,878 KRW 4,207 KRW 31
5Y Revenue Exit 2,782 KRW 3,657 KRW 4,925 KRW 39
5Y EBITDA Exit 4,124 KRW 5,981 KRW 8,441 KRW 41
5Y P/E Exit 4,354 KRW 6,379 KRW 8,797 KRW 38
10Y Revenue Exit 3,023 KRW 3,716 KRW 4,445 KRW 36
10Y EBITDA Exit 3,908 KRW 5,187 KRW 6,558 KRW 37
10Y P/E Exit 4,051 KRW 5,439 KRW 6,772 KRW 35
Earnings-Based
Graham-Dodd 1,601 KRW 1,956 KRW 2,201 KRW 54
EPV 2,196 KRW 2,485 KRW 2,742 KRW 59
Multiples
P/E Multiple 4,943 KRW 6,591 KRW 8,238 KRW 63
P/S Multiple 3,001 KRW 4,001 KRW 5,002 KRW 58
P/B Multiple 3,001 KRW 4,001 KRW 5,002 KRW 55
EV/EBIT 4,290 KRW 5,534 KRW 6,778 KRW 53
EV/EBITDA 5,074 KRW 6,579 KRW 8,084 KRW 54
EV/Revenue 2,445 KRW 3,254 KRW 4,062 KRW 43
Asset-Based
NCAV (Graham) 2,245 KRW 3,009 KRW 4,490 KRW 50
Growth DCF
Growth DCF 3,778 KRW 5,049 KRW 7,310 KRW 80
Rev-Margin DCF 2,782 KRW 3,726 KRW 4,900 KRW 74
Economic Profit
Residual Income 3,521 KRW 3,600 KRW 3,564 KRW 61
ROIC Compounder 2,196 KRW 2,485 KRW 2,742 KRW 72
Growth Earnings
Growth-Adj P/E 3,457 KRW 4,939 KRW 6,421 KRW 68

Widest divergence: Growth Earnings (4,939 KRW) versus Earnings-Based (1,956 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 267B KRW
Revenue growth (YoY) -14.5%
Net margin 8.3%
Return on equity 7.9%
Free cash flow 24.5B KRW FY2025
Operating margin 12.0%
More key figures
EPS growth (YoY) +187%
Net debt 8.0B KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 62 · Market factors (momentum, volatility) 13

Profitability 30
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 21
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 68
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

YC Corporation engages in the development, manufacture, and sale of inspection equipment for semiconductor memories in South Korea and internationally. Its semiconductor testers include NAND and DRAM wafer tester products. The company was founded in 1991 and is headquartered in Seongnam-si, South Korea. YC Corporation is a subsidiary of SEMTEK Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

YC Corporation reported revenue of 273B KRW in FY2025 versus 311B KRW in FY2021, a compound −3.3%/yr. Reported net income was 19.3B KRW in FY2025, compounding −19.1%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
273B KRW
Latest YoY
+29.1%
Avg. growth/yr (3Y)
−1.5%
Revenue −3.3%/yr
FY21 311B KRW
FY22 285B KRW
FY23 255B KRW
FY24 211B KRW
FY25 273B KRW
Net income −19.1%/yr
FY21 45.0B KRW
FY22 26.1B KRW
FY23 13.5B KRW
FY24 11.0B KRW
FY25 19.3B KRW

232140 screens 47% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "YC Corporation Fair Value". https://www.fairvalue-calculator.com/stock/232140

Peer Group

Semiconductor Equipment & Materials · 211 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 62 · Above median
Fair Value upside −47% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 2% · Below median
Net margin (TTM) 8% · Below median
Operating margin (TTM) 12% · Above median
Revenue growth -15% · Bottom 25%
Debt / equity 0.14× · Higher than median

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

P/FCF 0.0× · Cheaper than 75% of peers

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 0 · sector 58
PAST 31 · sector 30
HEALTH 93 · sector 96
DIVIDEND 0 · sector 16

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is YC Corporation (232140) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 4,878 KRW versus a price of 9,200 KRW, about −47% (overvalued).
What is the fair value of 232140?
Our model-based fair value for YC Corporation is 4,878 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 9,200 KRW.
What is the quality score of 232140?
YC Corporation has a Quality Score of 62/100. 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 YC Corporation (232140)?
YC Corporation reported trailing-twelve-month revenue of about 267B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 232140?
The net profit margin of YC Corporation is about 8.3%, meaning it keeps roughly 8.3% of revenue as net income. Based on the latest reported figures.

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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