Advanced Process Systems Corporation (265520) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Advanced Process Systems Corporation stock KRW 33,885, price KRW 13,840, upside +144.8%, quality 46 out of 100. Rating: strongly undervalued. Calculated from audited financials with 14 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 8, 2026.
How to read this chart
60‑month range 13,635 KRW – 33,290 KRW · fair‑value band 23,720 KRW – 44,051 KRW · the 13,840 KRW price screens below the 33,885 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow Advanced Process Systems in your weekly email
Every Wednesday you see whether Advanced Process Systems 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.
Advanced Process Systems Corporation develops and sells semiconductors and display manufacturing equipment primarily in South Korea, China, and Vietnam.
Show moreShow less
It offers semiconductor, such as rapid thermal process, sputter system, descum system, laser dicing, laser de-bonder, wafer dicing, and laser and laser ablation.
The company also provides displays excimer laser annealing, laser lift-off, glass encapsulation, ALD, film laser cutting, and PECVD for front end process; and module lamination, dispenser, and OCR inkjet for back end process.
In addition, it offers EV batteries, including NG sorter, tray washer, cell taping, and cell packing; and solar cells, comprising laser edge isolation, laser doped selective emitters, and laser contact openings.
The company was formerly known as Kornic Systems Corporation and changed its name to Advanced Process Systems Corporation in 2009. Advanced Process Systems Corporation was founded in 1994 and is headquartered in Hwaseong-si, South Korea.
Stock analysis
Advanced Process Systems Corporation (265520) currently trades at 13,840 KRW, while our model-based Fair Value estimate is 33,885 KRW, implying the stock looks roughly 59% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 46,488 KRW per share, and 10 of the 14 models we run sit above the 13,840 KRW price.
Bear case: the Asset-Based group reads lowest at 6,648 KRW, and 4 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 23,720 KRW (bear) to 44,051 KRW (bull), the price of 13,840 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 46/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Advanced Process Systems Corporation reported revenue of 460B KRW in FY2025 versus 529B KRW in FY2021, a compound −3.4%/yr. Reported net income was 23.8B KRW in FY2025, compounding −19.7%/yr from FY2021.
Key figures
Market cap 204B KRW (≈ $152M) Micro · P/E ratio 4.8 · P/S ratio 0.35 · EPS (TTM) 3,514 KRW · Dividend yield 2.5% · Net margin 8.8% · Return on equity 14.8% · Return on assets (EBIT) 11.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and at 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 145%, 265520 screens cheaper than that median.
Fair Value models
Bear23,720 KRWFair Value 33,885 KRWBull44,051 KRW
Price 13,840 KRW · Upside +144.8%
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 (2,731 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.19/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−10.9%
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.
−1.8%
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.
−4.9%
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.
−8.8%
’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. 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.
+1.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.5%
Dividend (yield on the price)2.5%
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.8% → 7%
⚠ Revenue per share shrinking 6.2%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Advanced Process Systems Corporation with another stock
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.Semiconductor Equipment & Materials · 235 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.
Cite: Fair Value Calculator (2026). "Advanced Process Systems Corporation Fair Value". https://www.fairvalue-calculator.com/stock/265520
Frequently asked questions
Is Advanced Process Systems Corporation (265520) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 33,885 KRW versus a price of 13,840 KRW, about +145% upside (undervalued).
What is the fair value of 265520?
Our model-based fair value for Advanced Process Systems Corporation is 33,885 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 13,840 KRW.
What is the quality score of 265520?
Advanced Process Systems Corporation has a Quality Score of 46/100. 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 Advanced Process Systems Corporation (265520)?
Our model-based price target is the fair value of 33,885 KRW (as of Nov 8, 2026) from 14 valuation models. Cautious scenario 23,720 KRW, optimistic scenario 44,051 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Advanced Process Systems Corporation stock forecast for 2026?
Our models put fair value at 33,885 KRW, about +145% upside versus a price of 13,840 KRW (undervalued). Cautious scenario 23,720 KRW, optimistic scenario 44,051 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Advanced Process Systems Corporation (265520)?
Advanced Process Systems Corporation reported trailing-twelve-month revenue of about 587B KRW (latest available figure, as of Nov 8, 2026).
Does Advanced Process Systems Corporation pay a dividend?
Advanced Process Systems Corporation currently shows a dividend yield of 2.46% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Advanced Process Systems Corporation (265520) and when is the ex-dividend date?
Advanced Process Systems Corporation pays a dividend of 340.00 KRW per share a year, a dividend yield of 2.5%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2018. The payout ratio is 9.7% 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 Advanced Process Systems Corporation (265520)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Advanced Process Systems Corporation it is 33,885 KRW per share (as of Nov 8, 2026), against a price of 13,840 KRW. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Advanced Process Systems Corporation stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 265520 trades below its calculated fair value: price 13,840 KRW, fair value 33,885 KRW, a gap of about +145% (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 265520?
No. The price is what the market pays today (13,840 KRW); the fair value is what the company's own numbers justify (33,885 KRW). For Advanced Process Systems Corporation the two are 20,045 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Advanced Process Systems Corporation worth?
The market values Advanced Process Systems Corporation at about 204B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 13,840 KRW; our models calculate a fair value of 33,885 KRW per share.
What do the bullish and bearish scenarios say about 265520?
Our models span a range for Advanced Process Systems Corporation: cautious scenario 23,720 KRW, base 33,885 KRW, optimistic 44,051 KRW per share (as of Nov 8, 2026, price 13,840 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 265520?
Advanced Process Systems Corporation trades at a price-to-earnings ratio of 4.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 33,885 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 12.1. Other multiples: P/B 0.6, P/S 0.3, EV/EBITDA 1.7.
How solid is the balance sheet of Advanced Process Systems Corporation (265520)?
Balance-sheet figures for Advanced Process Systems Corporation (as of Nov 8, 2026): return on equity 14.8%, debt of 0.22 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 265520 from its 52-week high?
Advanced Process Systems Corporation trades at 13,840 KRW, about 54% below its 52-week high of 30,200 KRW and at the low of 13,840 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 33,885 KRW is for.
Which stocks are comparable to Advanced Process Systems Corporation?
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 Advanced Process Systems Corporation stock attractive at the current price?
The data as of Nov 8, 2026: price 13,840 KRW, calculated fair value 33,885 KRW (+145%), Quality Score 46/100, from 14 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 265520 calculated?
We run Advanced Process Systems Corporation through 14 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 33,885 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 13.7% above its aggregate fair value. Advanced Process Systems Corporation currently trades 59% 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 Advanced Process Systems Corporation (265520)?
The closing price on Nov 9, 2026 was 13,840 KRW. Our model-based fair value is 33,885 KRW, about +145% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Advanced Process Systems Corporation right now?
The large discount to fair value meets weak quality (46/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (23,720 KRW). The market is more pessimistic than our downside scenario. A fairly wide model range (23,720 KRW to 44,051 KRW) leaves room in how you read the outcome.
Key figures of Advanced Process Systems Corporation
How large is the market capitalisation of Advanced Process Systems Corporation (265520)?
The market capitalisation of Advanced Process Systems Corporation is 204B KRW (≈ $152M). 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 Advanced Process Systems Corporation (265520)?
The price-to-sales ratio of Advanced Process Systems Corporation is 0.35 (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 Advanced Process Systems Corporation (265520)?
Earnings per share at Advanced Process Systems Corporation are 3,514 KRW (price ÷ EPS = P/E 4.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Advanced Process Systems Corporation (265520)?
The dividend yield of Advanced Process Systems Corporation is 2.5% (payout 9.7%). 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 Advanced Process Systems Corporation (265520)?
The net margin of Advanced Process Systems Corporation is 8.8% (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 Advanced Process Systems Corporation (265520)?
The return on equity (ROE) of Advanced Process Systems Corporation is 14.8% (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 Advanced Process Systems Corporation (265520)?
On an EBIT basis the return on assets of Advanced Process Systems Corporation is 11.2% (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 Advanced Process Systems Corporation (265520)?
The operating margin of Advanced Process Systems Corporation is 5.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Advanced Process Systems Corporation (265520)?
Revenue at Advanced Process Systems Corporation is growing +47.7% versus a year earlier (3y avg −1.8%). 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 Advanced Process Systems Corporation (265520)?
Earnings per share at Advanced Process Systems Corporation are growing +246% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Advanced Process Systems Corporation (265520) generate?
The free cash flow of Advanced Process Systems Corporation is −30.9B 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 Advanced Process Systems Corporation (265520) carry?
The net debt of Advanced Process Systems Corporation is 47.6B KRW (fiscal year 2020). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Advanced Process Systems Corporation in the live analysis
One click puts Advanced Process Systems Corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 8, 2026