mPLUS Corp (259630) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of mPLUS Corp KRW 27,030, price KRW 9,010, upside +200.0%, quality 80 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 6,896 KRW – 27,305 KRW · fair‑value band 15,815 KRW – 38,786 KRW · the 9,010 KRW price screens below the 27,030 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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mPLUS Corp. manufactures and sells secondary battery manufacturing equipment in South Korea, China, Asia, the Americas, Europe, and internationally. The company offers notching, stacking, tab welding, packaging, and degassing equipment, as well as swaging and E/L filling equipment.
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mPLUS Corp. manufactures and sells secondary battery manufacturing equipment in South Korea, China, Asia, the Americas, Europe, and internationally. The company offers notching, stacking, tab welding, packaging, and degassing equipment, as well as swaging and E/L filling equipment. It also provides fuel cell battery manufacturing equipment; and EV rechargeable battery production and equipment technology. The company was founded in 2003 and is headquartered in Cheongju, South Korea.
Stock analysis
mPLUS Corp (259630) currently trades at 9,010 KRW, while our model-based Fair Value estimate is 27,030 KRW, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 68,934 KRW per share, and 23 of the 24 models we run sit above the 9,010 KRW price.
Bear case: the Asset-Based group reads lowest at 5,759 KRW, and 1 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 15,815 KRW (bear) to 38,786 KRW (bull), the price of 9,010 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 80/100 (high quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
mPLUS Corp reported revenue of 184B KRW in FY2025 versus 76.5B KRW in FY2021, a compound +24.6%/yr. Reported net income was 20.6B KRW in FY2025.
Key figures
Market cap 107B KRW (≈ $78.3M) · P/S ratio 0.52 · Dividend yield 2.2% · Net margin 11.2% · Return on equity 29.0% · Return on assets (EBIT) 2.2% · Operating margin 20.0% · Revenue (TTM) 212B 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 52% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −28% fair-value upside, at 200%, 259630 screens cheaper than that median.
Fair Value models
Bear 15,815 KRWFair Value 27,030 KRWBull 38,786 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.74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+43.1%
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.
+16.5%
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.
+3.0%
Start year 2020 (pandemic). Over 10 years: +30.1% a year
Revenue growth 10 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.
+30.1%
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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.
+39.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+37.2%
Dividend (yield on the price)2.2%
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.37% vs 15%, picking up
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.6% → 13%
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.Electrical Equipment & Parts · 553 stocks
Beats the industry median on 9/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside+200% · Top 25%
Profitability
Return on equity (TTM)29% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)14% · Top 25%
Operating margin (TTM)20% · Top 25%
Growth and dividend
Revenue growth120% · Top 25%
Dividend yield (TTM)2.2% · Above median
Balance sheet
Debt / equity0.23× · Above median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
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Cite: Fair Value Calculator (2026). "mPLUS Corp Fair Value". https://www.fairvalue-calculator.com/stock/259630
Frequently asked questions
Is mPLUS Corp (259630) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 27,030 KRW versus a price of 9,010 KRW, about +200% upside (undervalued).
What is the fair value of 259630?
Our model-based fair value for mPLUS Corp is 27,030 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 9,010 KRW.
What is the quality score of 259630?
mPLUS Corp 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 mPLUS Corp (259630)?
Our model-based price target is the fair value of 27,030 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 15,815 KRW, optimistic scenario 38,786 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the mPLUS Corp stock forecast for 2026?
Our models put fair value at 27,030 KRW, about +200% upside versus a price of 9,010 KRW (undervalued). Cautious scenario 15,815 KRW, optimistic scenario 38,786 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of mPLUS Corp (259630)?
mPLUS Corp reported trailing-twelve-month revenue of about 212B KRW (latest available figure, as of Sep 24, 2026).
Does mPLUS Corp pay a dividend?
mPLUS Corp currently shows a dividend yield of about 2.22% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of mPLUS Corp (259630)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For mPLUS Corp it is 27,030 KRW per share (as of Sep 24, 2026), against a price of 9,010 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is mPLUS Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 259630 trades below its calculated fair value: price 9,010 KRW, fair value 27,030 KRW, a gap of about +200% (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 259630?
No. The price is what the market pays today (9,010 KRW); the fair value is what the company's own numbers justify (27,030 KRW). For mPLUS Corp the two are 18,020 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is mPLUS Corp worth?
The market values mPLUS Corp at about 107B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 9,010 KRW; our models calculate a fair value of 27,030 KRW per share.
What do the bullish and bearish scenarios say about 259630?
Our models span a range for mPLUS Corp: cautious scenario 15,815 KRW, base 27,030 KRW, optimistic 38,786 KRW per share (as of Sep 24, 2026, price 9,010 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of mPLUS Corp (259630)?
Balance-sheet figures for mPLUS Corp (as of Sep 24, 2026): return on equity 29.0%, debt of 0.23 per unit of equity. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is 259630 from its 52-week high?
mPLUS Corp trades at 9,010 KRW, about 52% below its 52-week high of 18,860 KRW and 17% above the low of 7,690 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 27,030 KRW is for.
Which stocks are comparable to mPLUS Corp?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Prysmian S.p.A, 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 mPLUS Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 9,010 KRW, calculated fair value 27,030 KRW (+200%), Quality Score 80/100, 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 259630 calculated?
We run mPLUS Corp 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 27,030 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. mPLUS Corp currently trades 200 % 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 mPLUS Corp (259630)?
The closing price on Sep 23, 2026 was 9,010 KRW. Our model-based fair value is 27,030 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with mPLUS Corp right now?
The rarer combination: high quality (80/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (15,815 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (15,815 KRW to 38,786 KRW) leaves room in how you read the outcome.
Key figures of mPLUS Corp
How large is the market capitalisation of mPLUS Corp (259630)?
The market capitalisation of mPLUS Corp is 107B KRW (≈ $78.3M). 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 mPLUS Corp (259630)?
The price-to-sales ratio of mPLUS Corp is 0.52 (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 mPLUS Corp (259630)?
The dividend yield of mPLUS Corp is 2.2%. 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 mPLUS Corp (259630)?
The net margin of mPLUS Corp is 11.2% (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 mPLUS Corp (259630)?
The return on equity (ROE) of mPLUS Corp is 29.0% (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 mPLUS Corp (259630)?
On an EBIT basis the return on assets of mPLUS Corp is 2.2% (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 mPLUS Corp (259630)?
The operating margin of mPLUS Corp is 20.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at mPLUS Corp (259630)?
Revenue at mPLUS Corp is growing +120% versus a year earlier (3y avg +16.5%). 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 mPLUS Corp (259630)?
Earnings per share at mPLUS Corp are growing +200% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does mPLUS Corp (259630) generate?
The free cash flow of mPLUS Corp is 57.7B 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 mPLUS Corp (259630) carry?
The net debt of mPLUS Corp is 31.5B KRW (fiscal year 2024, ≈ 0.5 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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