Settlebank Corporation (234340) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Settlebank Corporation KRW 21,084, price KRW 22,550, upside -6.5%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Settlebank Corporation for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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 Sep 24, 2026.
How to read this chart
60‑month range 8,061 KRW – 40,300 KRW · fair‑value band 14,759 KRW – 27,410 KRW · the 22,550 KRW price screens above the 21,084 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Settlebank in your weekly email
Every Wednesday you see whether Settlebank is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Hecto Financial Co., Ltd., a fintech company, provides fintech platform services in South Korea. The company offers cash payment, PG electronic payment, kiosk payment, bulk transfer, virtual account, and G banking services, as well as depositor name inquiry, deposit transaction history inquiry, SMS sending agency, and cash receipt issuance agency services.
Show more
Hecto Financial Co., Ltd., a fintech company, provides fintech platform services in South Korea. The company offers cash payment, PG electronic payment, kiosk payment, bulk transfer, virtual account, and G banking services, as well as depositor name inquiry, deposit transaction history inquiry, SMS sending agency, and cash receipt issuance agency services. It also provides technical and customer support services. In addition, the company engages in management consulting and intellectual property license business; wholesaling other daily necessities; developing and suppling system software; and provision of databases and online information services. The company was formerly known as Settlebank Corporation and changed its name to Hecto Financial Co., Ltd. in June 2022. Hecto Financial Co., Ltd. was incorporated in 2000 and is headquartered in Seoul, South Korea.
Stock analysis
Settlebank Corporation (234340) currently trades at 22,550 KRW, while our model-based Fair Value estimate is 21,084 KRW, implying the stock looks roughly 7.0% fairly valued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of 56,629 KRW per share, and 16 of the 24 models we run sit above the 22,550 KRW price.
Bear case: the Asset-Based group reads lowest at 8,451 KRW, and 8 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 14,759 KRW (bear) to 27,410 KRW (bull), the price of 22,550 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 52/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Settlebank Corporation reported revenue of 187B KRW in FY2025 versus 110B KRW in FY2021, a compound +14.2%/yr. Reported net income was 9.3B KRW in FY2025, compounding −18.4%/yr from FY2021.
Key figures
Market cap 305B KRW (≈ $225M) · P/S ratio 3.18 · Dividend yield 1.0% · Net margin 4.9% · Return on equity 10.4% · Return on assets (EBIT) 3.9% · Operating margin 15.7% · Revenue (TTM) 72.9B KRW.
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 44% below its 52-week high and 55% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at −7%, 234340 screens cheaper than that median.
Fair Value models
Bear 14,759 KRWFair Value 21,084 KRWBull 27,410 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.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+17.7%
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.
+13.2%
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.
+19.1%
Start year 2020 (pandemic)
Revenue growth 8 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.
+21.6%
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−4.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.2%
Dividend (yield on the price)1.0%
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.14% → 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).
−33.6%
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 −35.0% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Software - Infrastructure · 383 stocks
Beats the industry median on 8/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−7% · Above median
Profitability
Return on equity (TTM)10% · Above median
Return on assets3% · Above median
Net margin (TTM)16% · Top 25%
Operating margin (TTM)16% · Top 25%
Growth and dividend
Revenue growth25% · Above median
Dividend yield (TTM)1.0% · Below median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
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). "Settlebank Corporation Fair Value". https://www.fairvalue-calculator.com/stock/234340
Frequently asked questions
Is Settlebank Corporation (234340) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 21,084 KRW versus a price of 22,550 KRW, about −7% upside (fairly valued).
What is the fair value of 234340?
Our model-based fair value for Settlebank Corporation is 21,084 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 22,550 KRW.
What is the quality score of 234340?
Settlebank Corporation has a Quality Score of 52/100. 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 Settlebank Corporation (234340)?
Our model-based price target is the fair value of 21,084 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 14,759 KRW, optimistic scenario 27,410 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Settlebank Corporation stock forecast for 2026?
Our models put fair value at 21,084 KRW, about −7% upside versus a price of 22,550 KRW (fairly valued). Cautious scenario 14,759 KRW, optimistic scenario 27,410 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Settlebank Corporation (234340)?
Settlebank Corporation reported trailing-twelve-month revenue of about 72.9B KRW (latest available figure, as of Sep 24, 2026).
Does Settlebank Corporation pay a dividend?
Settlebank Corporation currently shows a dividend yield of about 0.98% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Settlebank Corporation (234340)?
For today's price to be fair in a discounted-cash-flow model, Settlebank Corporation would have to grow free cash flow by -33.6 % per year for five years (discount rate 15.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 234340 use?
Our models discount Settlebank Corporation at 15.6 %: a base by market capitalisation (micro), damped by beta 1.85, 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 Settlebank Corporation that is -33.6 % per year a year over ten years, using the same discount rate (15.6 %) and the same formula as our fair value.
How much growth has Settlebank Corporation (234340) delivered so far?
Over the past 5 years revenue at Settlebank Corporation grew +19.1 % a year. The price currently implies -33.6 % 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 Settlebank Corporation (234340) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Settlebank Corporation (-33.6 % 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 Settlebank Corporation (234340)?
The free-cash-flow yield on the price is 19.22 %: that much free cash flow Settlebank Corporation produces per unit of market value. When it exceeds the discount rate of our models (15.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Settlebank Corporation (234340)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Settlebank Corporation it is 21,084 KRW per share (as of Sep 24, 2026), against a price of 22,550 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Settlebank Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 234340 trades above its calculated fair value: price 22,550 KRW, fair value 21,084 KRW, a gap of about −7% (fairly valued). 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 234340?
No. The price is what the market pays today (22,550 KRW); the fair value is what the company's own numbers justify (21,084 KRW). For Settlebank Corporation the two are 1,466 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Settlebank Corporation worth?
The market values Settlebank Corporation at about 305B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 22,550 KRW; our models calculate a fair value of 21,084 KRW per share.
What do the bullish and bearish scenarios say about 234340?
Our models span a range for Settlebank Corporation: cautious scenario 14,759 KRW, base 21,084 KRW, optimistic 27,410 KRW per share (as of Sep 24, 2026, price 22,550 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Settlebank Corporation (234340)?
Balance-sheet figures for Settlebank Corporation (as of Sep 24, 2026): return on equity 10.4%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 234340 from its 52-week high?
Settlebank Corporation trades at 22,550 KRW, about 44% below its 52-week high of 40,300 KRW and 55% above the low of 14,557 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 21,084 KRW is for.
Which stocks are comparable to Settlebank Corporation?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, 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 Settlebank Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 22,550 KRW, calculated fair value 21,084 KRW (−7%), Quality Score 52/100, 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 234340 calculated?
We run Settlebank Corporation 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 21,084 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 13.0 % above its aggregate fair value. Settlebank Corporation itself currently trades above fair value. 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 Settlebank Corporation (234340)?
The closing price on Sep 23, 2026 was 22,550 KRW. Our model-based fair value is 21,084 KRW, about −7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Settlebank Corporation right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (14,759 KRW to 27,410 KRW) leaves room in how you read the outcome.
Key figures of Settlebank Corporation
How large is the market capitalisation of Settlebank Corporation (234340)?
The market capitalisation of Settlebank Corporation is 305B KRW (≈ $225M). 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 Settlebank Corporation (234340)?
The price-to-sales ratio of Settlebank Corporation is 3.18 (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 Settlebank Corporation (234340)?
The dividend yield of Settlebank Corporation is 1.0%. 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 Settlebank Corporation (234340)?
The net margin of Settlebank Corporation is 4.9% (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 Settlebank Corporation (234340)?
The return on equity (ROE) of Settlebank Corporation is 10.4% (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 Settlebank Corporation (234340)?
On an EBIT basis the return on assets of Settlebank Corporation is 3.9% (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 Settlebank Corporation (234340)?
The operating margin of Settlebank Corporation is 15.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Settlebank Corporation (234340)?
Revenue at Settlebank Corporation is growing +25.0% versus a year earlier (3y avg +13.2%). 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 Settlebank Corporation (234340)?
Earnings per share at Settlebank Corporation are growing +121% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch Settlebank Corporation in the live analysis
One click puts Settlebank Corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
