IQuest Co. Ltd. (262840) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of IQuest Co. Ltd. stock KRW 8,385, price KRW 2,795, upside +200.0%, quality 47 out of 100. Rating: strongly undervalued. Calculated from audited financials with 16 of our 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 2,685 KRW – 11,105 KRW · fair‑value band 6,289 KRW – 10,481 KRW · the 2,795 KRW price screens below the 8,385 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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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.
Stock analysis
IQuest Co. Ltd. (262840) currently trades at 2,795 KRW, while our model-based Fair Value estimate is 8,385 KRW, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 15,153 KRW per share, and 11 of the 16 models we run sit above the 2,795 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,927 KRW, and 5 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6,289 KRW (bear) to 10,481 KRW (bull), the price of 2,795 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 47/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
IQuest Co. Ltd. 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.
Key figures
Market cap 28.3B KRW (≈ $21.3M) Micro · P/E ratio 3.6 · P/S ratio 0.64 · EPS (TTM) 787.40 KRW · Dividend yield 5.0% · Net margin 18.3% · Return on equity 15.9% · Return on assets (EBIT) 6.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 7% fair-value upside, at 200%, 262840 screens cheaper than that median.
Fair Value models
Bear6,289 KRWFair Value 8,385 KRWBull10,481 KRW
Price 2,795 KRW · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 (560.49 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.2%
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.
+18.2%
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.
+23.3%
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.
+18.1%
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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. 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.
≈ +6.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.9%
Dividend (yield on the price)5.0%
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.32% → 10%
⚠ Rate on operating basis: 2025 sits 82% above its own trend.
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.Software - Application · 723 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)15.9% · Top 25%
Return on assets5.0% · Above median
Net margin (12 months)18.3% · Top 25%
Operating margin (12 months)8.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)−2.0% · Below median
Dividend yield (12 months)5.0% · Top 25%
Balance sheet
Debt / equity0.75× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
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Is IQuest Co. Ltd. (262840) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of 8,385 KRW versus a price of 2,795 KRW, about +200% upside (undervalued).
What is the fair value of 262840?
Our model-based fair value for IQuest Co. Ltd. is 8,385 KRW (as of Nov 10, 2026), built from audited fundamentals. The current price: 2,795 KRW.
What is the quality score of 262840?
IQuest Co. Ltd. has a Quality Score of 47/100. 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 IQuest Co. Ltd. (262840)?
Our model-based price target is the fair value of 8,385 KRW (as of Nov 10, 2026) from 16 valuation models. Cautious scenario 6,289 KRW, optimistic scenario 10,481 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the IQuest Co. Ltd. stock forecast for 2026?
Our models put fair value at 8,385 KRW, about +200% upside versus a price of 2,795 KRW (undervalued). Cautious scenario 6,289 KRW, optimistic scenario 10,481 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of IQuest Co. Ltd. (262840)?
IQuest Co. Ltd. reported trailing-twelve-month revenue of about 44.1B KRW (latest available figure, as of Nov 10, 2026).
Does IQuest Co. Ltd. pay a dividend?
IQuest Co. Ltd. currently shows a dividend yield of 5.01% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of IQuest Co. Ltd. (262840) and when is the ex-dividend date?
IQuest Co. Ltd. pays a dividend of 140.00 KRW per share a year, a dividend yield of 5.0%. The last ex-dividend date was Mar 24, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 17.8% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of IQuest Co. Ltd. (262840)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IQuest Co. Ltd. it is 8,385 KRW per share (as of Nov 10, 2026), against a price of 2,795 KRW. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is IQuest Co. Ltd. stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 262840 trades below its calculated fair value: price 2,795 KRW, fair value 8,385 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 262840?
No. The price is what the market pays today (2,795 KRW); the fair value is what the company's own numbers justify (8,385 KRW). For IQuest Co. Ltd. the two are 5,590 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is IQuest Co. Ltd. worth?
The market values IQuest Co. Ltd. at about 28.3B KRW (market capitalisation, as of Nov 10, 2026). Per share that is 2,795 KRW; our models calculate a fair value of 8,385 KRW per share.
What do the bullish and bearish scenarios say about 262840?
Our models span a range for IQuest Co. Ltd.: cautious scenario 6,289 KRW, base 8,385 KRW, optimistic 10,481 KRW per share (as of Nov 10, 2026, price 2,795 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 262840?
IQuest Co. Ltd. trades at a price-to-earnings ratio of 3.6 (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 8,385 KRW is built from several models across several years. Other multiples: P/B 0.5, P/S 0.6, EV/EBITDA 11.5.
How solid is the balance sheet of IQuest Co. Ltd. (262840)?
Balance-sheet figures for IQuest Co. Ltd. (as of Nov 10, 2026): return on equity 15.9%, debt of 0.75 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 262840 from its 52-week high?
IQuest Co. Ltd. trades at 2,795 KRW, about 26% below its 52-week high of 3,788 KRW and 4% above the low of 2,685 KRW (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of 8,385 KRW is for.
Which stocks are comparable to IQuest Co. Ltd.?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 IQuest Co. Ltd. stock attractive at the current price?
The data as of Nov 10, 2026: price 2,795 KRW, calculated fair value 8,385 KRW (+200%), Quality Score 47/100, from 16 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 262840 calculated?
We run IQuest Co. Ltd. through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 8,385 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 14.0% above its aggregate fair value. IQuest Co. Ltd. currently trades 67% 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 IQuest Co. Ltd. (262840)?
The closing price on Nov 11, 2026 was 2,795 KRW. Our model-based fair value is 8,385 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IQuest Co. Ltd. right now?
The large discount to fair value meets weak quality (47/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (6,289 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.
Key figures of IQuest Co. Ltd.
How large is the market capitalisation of IQuest Co. Ltd. (262840)?
The market capitalisation of IQuest Co. Ltd. is 28.3B KRW (≈ $21.3M). 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 IQuest Co. Ltd. (262840)?
The price-to-sales ratio of IQuest Co. Ltd. is 0.64 (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 IQuest Co. Ltd. (262840)?
Earnings per share at IQuest Co. Ltd. are 787.40 KRW (price ÷ EPS = P/E 3.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of IQuest Co. Ltd. (262840)?
The dividend yield of IQuest Co. Ltd. is 5.0% (payout 17.8%). 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 IQuest Co. Ltd. (262840)?
The net margin of IQuest Co. Ltd. is 18.3% (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 IQuest Co. Ltd. (262840)?
The return on equity (ROE) of IQuest Co. Ltd. is 15.9% (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 IQuest Co. Ltd. (262840)?
On an EBIT basis the return on assets of IQuest Co. Ltd. is 6.1% (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 IQuest Co. Ltd. (262840)?
The operating margin of IQuest Co. Ltd. is 8.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IQuest Co. Ltd. (262840)?
Revenue at IQuest Co. Ltd. is growing −2.0% versus a year earlier (3y avg +18.2%). 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 IQuest Co. Ltd. (262840)?
Earnings per share at IQuest Co. Ltd. are growing +35.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does IQuest Co. Ltd. (262840) generate?
The free cash flow of IQuest Co. Ltd. is −30.0B 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 IQuest Co. Ltd. (262840) carry?
The net debt of IQuest Co. Ltd. is 29.8B KRW (fiscal year 2025). 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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Thin data
Nov 10, 2026