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IQUEST Co (262840) Fair Value & Analysis

Technology · KR · Market cap 30.9B KRW

IC IQUEST Co 262840 · KQ
Price2,935 KRW
Fair Value8,309 KRW
Upside+183.1%
Quality45/100
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Expensive Growth
Solidly profitable · 17.5% net margin
Moderate debt · negative free cash flow
4.79% dividend yield
Ranks above peers (8/10)
Moderate moat 48/100
Evidence: Medium Range 6,232 KRW – 10,660 KRW Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 9,402 KRW to 8,309 KRW (−11.6%) since Jul 21, 2026. Share price +5.6% over the past month.

Below-average quality, screening 183% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (6,232 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

13,343 KRW 2,745 KRW Fair Value 8,309 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 2,745 KRW – 13,343 KRW · fair‑value band 6,232 KRW – 10,660 KRW · the 2,935 KRW price screens below the 8,309 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

IQUEST Co (262840) currently trades at 2,935 KRW, while our model-based Fair Value estimate is 8,309 KRW, implying the stock looks roughly 183.1% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, IQUEST Co generated revenue of 44.3B KRW at a net margin of 17.5%. Revenue grew 7.6% year over year. It earns a return on equity of 15.6%. Net debt stands at 29.8B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 6,232 KRW (bear case) to 10,660 KRW (bull case); at 2,935 KRW, the current price sits below 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 40% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -40% fair-value upside, at 183%, 262840 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 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
Highest evidence
Residual Income 4,657 KRW 5,251 KRW 9,373 KRW 76
ROIC Compounder 855.42 KRW 1,435 KRW 1,943 KRW 72
Growth-Adj P/E 10,699 KRW 15,284 KRW 19,870 KRW 68
All 14 models by family
Earnings-Based
Graham-Dodd 3,761 KRW 22,302 KRW 31,065 KRW 54
Lynch FV 6,338 KRW 9,054 KRW 11,770 KRW 50
PEG = 1.0 6,338 KRW 9,054 KRW 11,770 KRW 46
EPV 855.42 KRW 1,435 KRW 1,943 KRW 59
Multiples
P/E Multiple 11,614 KRW 15,486 KRW 19,357 KRW 63
P/S Multiple 7,052 KRW 9,402 KRW 11,753 KRW 58
P/B Multiple 7,052 KRW 9,402 KRW 11,753 KRW 55
EV/EBIT 4,964 KRW 7,494 KRW 10,023 KRW 53
EV/EBITDA 4,440 KRW 6,794 KRW 9,149 KRW 54
EV/Revenue 1,212 KRW 2,856 KRW 4,500 KRW 43
Asset-Based
NCAV (Graham) 2,607 KRW 3,493 KRW 5,214 KRW 50
Economic Profit
Residual Income 4,657 KRW 5,251 KRW 9,373 KRW 76
ROIC Compounder 855.42 KRW 1,435 KRW 1,943 KRW 72
Growth Earnings
Growth-Adj P/E 10,699 KRW 15,284 KRW 19,870 KRW 68

Widest divergence: Growth Earnings (15,284 KRW) versus Economic Profit (1,435 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 44.3B KRW
Revenue growth (YoY) +7.6%
Net margin 17.5%
Return on equity 15.6%
Free cash flow −30.0B KRW FY2025
Operating margin 6.0%
More key figures
Dividend yield 4.8%
EPS growth (YoY) +97.7%
Net debt 29.8B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 45 · Market factors (momentum, volatility) 34

Profitability 38
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 22
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 79
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

IQUEST Co., Ltd. engages in the development and sale of ERP software in South Korea. The company was founded in 1996 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

IQUEST Co reported revenue of 43.6B KRW in FY2025 versus 15.7B KRW in FY2021, a compound +29.1%/yr. Reported net income was 5.6B KRW in FY2025, compounding +12.3%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
43.6B KRW
Latest YoY
+7.2%
Avg. growth/yr (3Y) 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.
+18.2%
Avg. growth/yr (5Y) 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.
+23.3%
Avg. growth/yr (8Y) 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.
+18.1%
Revenue +29.1%/yr
FY21 15.7B KRW
FY22 26.4B KRW
FY23 40.1B KRW
FY24 40.6B KRW
FY25 43.6B KRW
Net income +12.3%/yr
FY21 3.5B KRW
FY22 2.9B KRW
FY23 3.2B KRW
FY24 3.8B KRW
FY25 5.6B KRW

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Cite: Fair Value Calculator (2026). "IQUEST Co Fair Value". https://www.fairvalue-calculator.com/stock/262840

Peer Group

Software - Application · 713 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 45 · Below median
Fair Value upside +183% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 6% · Above median
Revenue growth 8% · Above median
Dividend yield (TTM) 4.8% · Top 25%
Debt / equity 0.75× · Higher than 75% of peers

Valuation Multiples vs Software - Application median · lower = cheaper

EV/EBITDA 5.5× · 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 100 · sector 4
FUTURE 38 · sector 38
PAST 62 · sector 13
HEALTH 63 · sector 98
DIVIDEND 96 · sector 27

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.46 C$16.26 +30%
Shopify Inc SHOP C$209.78 C$28.76 -86%
Uber Technologies, Inc UBER $75.36 $43.66 -42%
Salesforce, Inc CRM $193.32 $249.28 +29%
ServiceNow, Inc NOW $124.94 $43.73 -65%
Cadence Design Systems, Inc CDNS $323.13 $112.57 -65%
Beijing Kingsoft Office Software, Inc 688111 ¥254.50 ¥81.23 -68%
Tata Elxsi Limited TATAELXSI ₹3,712 ₹2,519 -32%
Douzone Bizon Co 012510 120,000 KRW 92,181 KRW -23%
KFin Technologies Limited KFINTECH ₹922.00 ₹556.85 -40%

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Frequently asked questions

Is IQUEST Co (262840) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 8,309 KRW versus a price of 2,935 KRW, about +183% (undervalued).
What is the fair value of 262840?
Our model-based fair value for IQUEST Co is 8,309 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price is 2,935 KRW.
What is the quality score of 262840?
IQUEST Co has a Quality Score of 45/100. 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 IQUEST Co (262840)?
IQUEST Co reported trailing-twelve-month revenue of about 44.3B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 262840?
The net profit margin of IQUEST Co is about 17.5%, meaning it keeps roughly 17.5% of revenue as net income. Based on the latest reported figures.
Does IQUEST Co pay a dividend?
IQUEST Co currently shows a dividend yield of about 4.71% relative to its recent price (as of Aug 13, 2026).

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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