Advanced Process Systems Corporation (265520) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Advanced Process Systems Corporation KRW 33,195, price KRW 19,160, upside +73.3%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Advanced Process Systems Corporation develops and sells semiconductors and display manufacturing equipment primarily in South Korea, China, and Vietnam. It offers semiconductor, such as rapid thermal process, sputter system, descum system, laser dicing, laser de-bonder, wafer dicing, and laser and laser ablation.
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Advanced Process Systems Corporation develops and sells semiconductors and display manufacturing equipment primarily in South Korea, China, and Vietnam. 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 19,160 KRW, while our model-based Fair Value estimate is 33,195 KRW, implying the stock looks roughly 42.3% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 35,942 KRW per share, and 7 of the 12 models we run sit above the 19,160 KRW price.
Bear case: the Earnings-Based group reads lowest at 13,147 KRW, and 5 of the 12 models stay below the price. Evidence for this calculation is medium.
Scenario range: 23,236 KRW (bear) to 43,153 KRW (bull), the price of 19,160 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 283B KRW (≈ $208M) · P/S ratio 0.54 · Dividend yield 1.8% · Net margin 5.2% · Return on equity 10.6% · Return on assets (EBIT) 11.2% · Operating margin 9.2% · Revenue (TTM) 534B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −22% fair-value upside, at 73%, 265520 screens cheaper than that median.
Fair Value models
Bear 23,236 KRWFair Value 33,195 KRWBull 43,153 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.14/100
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%
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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.
+0.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.5%
Dividend (yield on the price)1.8%
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.
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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 · 219 stocks
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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 Sep 24, 2026, our model estimates a fair value of 33,195 KRW versus a price of 19,160 KRW, about +73% upside (undervalued).
What is the fair value of 265520?
Our model-based fair value for Advanced Process Systems Corporation is 33,195 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 19,160 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 33,195 KRW (as of Sep 24, 2026) from 12 valuation models. Cautious scenario 23,236 KRW, optimistic scenario 43,153 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 33,195 KRW, about +73% upside versus a price of 19,160 KRW (undervalued). Cautious scenario 23,236 KRW, optimistic scenario 43,153 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 534B KRW (latest available figure, as of Sep 24, 2026).
Does Advanced Process Systems Corporation pay a dividend?
Advanced Process Systems Corporation currently shows a dividend yield of about 1.77% relative to its recent price (as of Sep 24, 2026).
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 33,195 KRW per share (as of Sep 24, 2026), against a price of 19,160 KRW. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Advanced Process Systems Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 265520 trades below its calculated fair value: price 19,160 KRW, fair value 33,195 KRW, a gap of about +73% (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 (19,160 KRW); the fair value is what the company's own numbers justify (33,195 KRW). For Advanced Process Systems Corporation the two are 14,035 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 283B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 19,160 KRW; our models calculate a fair value of 33,195 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 23,236 KRW, base 33,195 KRW, optimistic 43,153 KRW per share (as of Sep 24, 2026, price 19,160 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Advanced Process Systems Corporation (265520)?
Balance-sheet figures for Advanced Process Systems Corporation (as of Sep 24, 2026): return on equity 10.6%, 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 19,160 KRW, about 37% below its 52-week high of 30,200 KRW and 20% above the low of 16,020 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 33,195 KRW is for.
Which stocks are comparable to Advanced Process Systems Corporation?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, 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 Sep 24, 2026: price 19,160 KRW, calculated fair value 33,195 KRW (+73%), Quality Score 46/100, from 12 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 12 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 33,195 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 13.0 % above its aggregate fair value. Advanced Process Systems Corporation currently trades 73 % 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 Sep 23, 2026 was 19,160 KRW. Our model-based fair value is 33,195 KRW, about +73% 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 price is below even our cautious bear case (23,236 KRW). The market is more pessimistic than our downside scenario. Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (23,236 KRW to 43,153 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 283B KRW (≈ $208M). 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 0.54 (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 Advanced Process Systems Corporation (265520)?
The dividend yield of Advanced Process Systems Corporation is 1.8%. 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 Advanced Process Systems Corporation (265520)?
The net margin of Advanced Process Systems Corporation is 5.2% (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 Advanced Process Systems Corporation (265520)?
The return on equity (ROE) of Advanced Process Systems Corporation is 10.6% (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 9.2% (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 +60.9% 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.
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