Wonik Ips Co. Ltd (240810) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Wonik Ips Co. Ltd stock KRW 74,030, price KRW 68,400, upside +8.2%, quality 80 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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. As of Nov 10, 2026.
How to read this chart
60‑month range 20,888 KRW – 183,300 KRW · fair‑value band 49,255 KRW – 93,183 KRW · the 68,400 KRW price screens below the 74,030 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Wonik IPS Co., Ltd. researches and develops, manufactures, sells, and installs semiconductor, display, and solar cell systems in South Korea.
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The company offers semiconductor systems, including WIDAS for enhancing process capacity; NOA ALD and CVD systems; GEMINI HQ system to produce dielectric films; GEMINI ALD systems for multi-patterning applications; HyEtaTM Spatial ALD systems for conformal films and seamless gap-fills; and Quanta systems for 3D NAND device fabrication.
It also provides display systems, such as oxide thin-film transistor equipment, polyimide curing equipment, and low temperature polycrystalline silicon equipment; PECVD, which is used to prevent moisture penetration of flexible OLED devices; and display dry etcher, a core processing equipment to form a desired pattern on substrate in manufacturing QD-OLED, AMOLED, and large-size LCD panels, as well as for OLED and LCD panel production in high-resolution AM-OLED/LTPS market.
Wonik IPS Co., Ltd. was founded in 1991 and is headquartered in Pyeongtaek-Si, South Korea..
Stock analysis
Wonik Ips Co. Ltd (240810) currently trades at 68,400 KRW, while our model-based Fair Value estimate is 74,030 KRW, so the stock looks roughly fairly valued today (gap 7.6%).
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Valuation
Bull case: the DCF Models group reads highest at a median of 44,335 KRW per share, and 0 of the 26 models we run sit above the 68,400 KRW price.
Bear case: the Asset-Based group reads lowest at 10,371 KRW, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 49,255 KRW (bear) to 93,183 KRW (bull), the price of 68,400 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 80/100 (high quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Wonik Ips Co. Ltd reported revenue of 910B KRW in FY2025 versus 1.2T KRW in FY2021, a compound −7.3%/yr. Reported net income was 84.0B KRW in FY2025, compounding −12.8%/yr from FY2021.
Key figures
Market cap 3.5T KRW (≈ $2.6B) Mid · P/E ratio 29.5 · P/S ratio 3.77 · EPS (TTM) 3,557 KRW · Dividend yield 0.3% · Net margin 18.7% · Return on equity 17.5% · Return on assets (EBIT) 5.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
The share trades about 63% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at 8%, 240810 screens cheaper than that median.
Fair Value models
Bear49,255 KRWFair Value 74,030 KRWBull93,183 KRW
Price 68,400 KRW · Upside +8.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2,897 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+21.6%
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.
−3.5%
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.
−3.6%
Start year 2020 (pandemic). Over 10 years: +3.5% a year
Revenue growth 19 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.
+11.3%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−8.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.6%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3.2% vs 12.2%, slowing
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.13% → 8%
2025 sits 51% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes more growth than the company has delivered so far and less than analysts expect.
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).
+18.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+25.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +15.9% a year for the price and +22.8% for the forecasts.
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.Semiconductor Equipment & Materials · 245 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.
Is Wonik Ips Co. Ltd (240810) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of 74,030 KRW versus a price of 68,400 KRW, about +8% upside (fairly valued).
What is the fair value of 240810?
Our model-based fair value for Wonik Ips Co. Ltd is 74,030 KRW (as of Nov 10, 2026), built from audited fundamentals. The current price: 68,400 KRW.
What is the quality score of 240810?
Wonik Ips Co. Ltd has a Quality Score of 80/100. 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 Wonik Ips Co. Ltd (240810)?
Our model-based price target is the fair value of 74,030 KRW (as of Nov 10, 2026) from 26 valuation models. Cautious scenario 49,255 KRW, optimistic scenario 93,183 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Wonik Ips Co. Ltd stock forecast for 2026?
Our models put fair value at 74,030 KRW, about +8% upside versus a price of 68,400 KRW (fairly valued). Cautious scenario 49,255 KRW, optimistic scenario 93,183 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Wonik Ips Co. Ltd (240810)?
Wonik Ips Co. Ltd reported trailing-twelve-month revenue of about 925B KRW (latest available figure, as of Nov 10, 2026).
Does Wonik Ips Co. Ltd pay a dividend?
Wonik Ips Co. Ltd currently shows a dividend yield of 0.29% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Wonik Ips Co. Ltd (240810) and when is the ex-dividend date?
Wonik Ips Co. Ltd pays a dividend of 200.00 KRW per share a year, a dividend yield of 0.3%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2020. The payout ratio is 5.6% of earnings. Free cash flow covers the dividend 12.80 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Wonik Ips Co. Ltd (240810)?
For today's price to be fair in a discounted-cash-flow model, Wonik Ips Co. Ltd would have to grow free cash flow by +18.3 % per year for five years (discount rate 11.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.6 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of 240810 use?
Our models discount Wonik Ips Co. Ltd at 11.3 %: a base by market capitalisation (mid), damped by beta 1.46, 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 Wonik Ips Co. Ltd that is +18.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.3 %) and the same formula as our fair value.
How much growth has Wonik Ips Co. Ltd (240810) delivered so far?
Over the past 5 years revenue at Wonik Ips Co. Ltd grew -3.6 % a year. The price currently implies free-cash-flow growth of +18.3 % per 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 Wonik Ips Co. Ltd (240810) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Wonik Ips Co. Ltd (+18.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Wonik Ips Co. Ltd (240810)?
The free-cash-flow yield on the price is 3.74 %: that much free cash flow Wonik Ips Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wonik Ips Co. Ltd (240810)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wonik Ips Co. Ltd it is 74,030 KRW per share (as of Nov 10, 2026), against a price of 68,400 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Wonik Ips Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 240810 trades below its calculated fair value: price 68,400 KRW, fair value 74,030 KRW, a gap of about +8% (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 240810?
No. The price is what the market pays today (68,400 KRW); the fair value is what the company's own numbers justify (74,030 KRW). For Wonik Ips Co. Ltd the two are 5,630 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Wonik Ips Co. Ltd worth?
The market values Wonik Ips Co. Ltd at about 3.5T KRW (market capitalisation, as of Nov 10, 2026). Per share that is 68,400 KRW; our models calculate a fair value of 74,030 KRW per share.
What do the bullish and bearish scenarios say about 240810?
Our models span a range for Wonik Ips Co. Ltd: cautious scenario 49,255 KRW, base 74,030 KRW, optimistic 93,183 KRW per share (as of Nov 10, 2026, price 68,400 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 240810?
Wonik Ips Co. Ltd trades at a price-to-earnings ratio of 29.5 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 74,030 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 21.8. Other multiples: P/B 3.6, P/S 3.8, EV/EBITDA 29.9.
How solid is the balance sheet of Wonik Ips Co. Ltd (240810)?
Balance-sheet figures for Wonik Ips Co. Ltd (as of Nov 10, 2026): return on equity 17.5%. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is 240810 from its 52-week high?
Wonik Ips Co. Ltd trades at 68,400 KRW, about 63% below its 52-week high of 183,300 KRW and 21% above the low of 56,533 KRW (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 74,030 KRW is for.
Which stocks are comparable to Wonik Ips Co. Ltd?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA 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 Wonik Ips Co. Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price 68,400 KRW, calculated fair value 74,030 KRW (+8%), Quality Score 80/100, from 26 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 240810 calculated?
We run Wonik Ips Co. Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 74,030 KRW builds on their evidence-weighted average, 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 15.1% above its aggregate fair value. Wonik Ips Co. Ltd currently trades 8% 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 Wonik Ips Co. Ltd (240810)?
The closing price on Nov 10, 2026 was 68,400 KRW. Our model-based fair value is 74,030 KRW, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wonik Ips Co. Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (49,255 KRW to 93,183 KRW) leaves room in how you read the outcome.
Key figures of Wonik Ips Co. Ltd
How large is the market capitalisation of Wonik Ips Co. Ltd (240810)?
The market capitalisation of Wonik Ips Co. Ltd is 3.5T KRW (≈ $2.6B). 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 Wonik Ips Co. Ltd (240810)?
The price-to-sales ratio of Wonik Ips Co. Ltd is 3.77 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Wonik Ips Co. Ltd (240810)?
Earnings per share at Wonik Ips Co. Ltd are 3,557 KRW (price ÷ EPS = P/E 29.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wonik Ips Co. Ltd (240810)?
The dividend yield of Wonik Ips Co. Ltd is 0.3% (payout 5.6%). 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 Wonik Ips Co. Ltd (240810)?
The net margin of Wonik Ips Co. Ltd is 18.7% (last twelve months). 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 Wonik Ips Co. Ltd (240810)?
The return on equity (ROE) of Wonik Ips Co. Ltd is 17.5% (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 Wonik Ips Co. Ltd (240810)?
On an EBIT basis the return on assets of Wonik Ips Co. Ltd is 5.3% (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 Wonik Ips Co. Ltd (240810)?
The operating margin of Wonik Ips Co. Ltd is 8.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wonik Ips Co. Ltd (240810)?
Revenue at Wonik Ips Co. Ltd is growing −10.6% versus a year earlier (3y avg −3.5%). 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 Wonik Ips Co. Ltd (240810)?
Earnings per share at Wonik Ips Co. Ltd are growing +225% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wonik Ips Co. Ltd (240810) carry?
The net debt of Wonik Ips Co. Ltd is 1.5B KRW (fiscal year 2019, ≈ 0.0 yrs of FCF). 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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Broad data
Nov 10, 2026