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YM Tech Co (273640) Fair Value & Analysis

Industrials · KR · Market cap 48.8B KRW

YT YM Tech Co 273640 · KQ
Price5,030 KRW
Fair Value3,422 KRW
Upside-32.0%
Quality57/100
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Mixed Growth
Solidly profitable · 10.9% net margin
generates free cash flow
2.00% dividend yield
Mixed vs. peers (5/9)
Narrow moat 34/100
Evidence: High Range 2,420 KRW – 4,164 KRW Share as image

Fair value as of: Jul 21, 2026

From 22 valuation models · updated 20 days ago

Share price −5.6% over the past month.

A solid business, but screening 32% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (4,164 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

27,593 KRW 4,130 KRW Fair Value 3,422 KRW Sep 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

59‑month range 4,130 KRW – 27,593 KRW · fair‑value band 2,420 KRW – 4,164 KRW · the 5,030 KRW price screens above the 3,422 KRW fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

YM Tech Co (273640) currently trades at 5,030 KRW, while our model-based Fair Value estimate is 3,422 KRW, implying the stock looks roughly 32.0% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, YM Tech Co generated revenue of 29.1B KRW at a net margin of 10.9%. Revenue declined 34.4% year over year. It earns a return on equity of 5.7%. Fundamentals as of Jul 21, 2026

Our scenario range runs from 2,420 KRW (bear case) to 4,164 KRW (bull case); at 5,030 KRW, the current price sits above 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 64% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -32%, 273640 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 4,353 KRW 4,451 KRW 4,401 KRW 76
Growth DCF 2,194 KRW 2,751 KRW 3,552 KRW 72
Growth-Adj P/E 2,420 KRW 3,457 KRW 4,494 KRW 68
All 22 models by family
DCF Models
FCF DCF 2,143 KRW 2,726 KRW 3,608 KRW 38
Owner Earnings 3,384 KRW 4,457 KRW 6,079 KRW 31
5Y Revenue Exit 2,122 KRW 2,832 KRW 3,736 KRW 39
5Y EBITDA Exit 2,051 KRW 2,709 KRW 3,465 KRW 41
5Y P/E Exit 2,997 KRW 4,351 KRW 5,747 KRW 38
10Y Revenue Exit 2,073 KRW 2,702 KRW 3,447 KRW 36
10Y EBITDA Exit 2,073 KRW 2,620 KRW 3,257 KRW 37
10Y P/E Exit 2,658 KRW 3,716 KRW 4,858 KRW 35
Earnings-Based
Graham-Dodd 2,113 KRW 4,205 KRW 5,279 KRW 54
EPV 1,476 KRW 1,612 KRW 1,730 KRW 59
Multiples
P/E Multiple 3,263 KRW 4,351 KRW 5,438 KRW 63
P/S Multiple 2,566 KRW 3,422 KRW 4,277 KRW 58
P/B Multiple 3,962 KRW 5,283 KRW 6,604 KRW 55
EV/EBIT 1,944 KRW 2,371 KRW 2,798 KRW 53
EV/EBITDA 2,199 KRW 2,711 KRW 3,222 KRW 54
EV/Revenue 2,217 KRW 2,883 KRW 3,549 KRW 43
Asset-Based
NCAV (Graham) 2,795 KRW 3,745 KRW 5,590 KRW 50
Growth DCF
Growth DCF 2,194 KRW 2,751 KRW 3,552 KRW 72
Rev-Margin DCF 2,122 KRW 2,853 KRW 3,652 KRW 67
Economic Profit
Residual Income 4,353 KRW 4,451 KRW 4,401 KRW 76
ROIC Compounder 1,476 KRW 1,612 KRW 1,730 KRW 67
Growth Earnings
Growth-Adj P/E 2,420 KRW 3,457 KRW 4,494 KRW 68

Widest divergence: Asset-Based (3,745 KRW) versus Earnings-Based (1,612 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 29.1B KRW
Revenue growth (YoY) -34.4%
Net margin 10.9%
Return on equity 5.7%
Free cash flow 1.5B KRW FY2025
Operating margin -24.0%
More key figures
Dividend yield 1.5%
EPS growth (YoY) +5.5%

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 57 · Market factors (momentum, volatility) 8

Profitability 35
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 25
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 90
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

YM Tech Co., Ltd. develops and manufactures high-voltage switches. It offers EVR, EVH, EVHB, EVS, EVSB, DC contactor, latching, and military relay. The company was founded in 2004 and is headquartered in Cheongju-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

YM Tech Co reported revenue of 29.1B KRW in FY2025 versus 30.0B KRW in FY2021, a compound −0.8%/yr. Reported net income was 3.2B KRW in FY2025, compounding −16.2%/yr from FY2021.

Growth Quality 69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
29.1B KRW
Latest YoY
−5.8%
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.
−16.1%
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.
+11.3%
Avg. growth/yr (7Y) 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.
+7.3%
Revenue −0.8%/yr
FY21 30.0B KRW
FY22 49.3B KRW
FY23 34.9B KRW
FY24 30.9B KRW
FY25 29.1B KRW
Net income −16.2%/yr
FY21 6.4B KRW
FY22 12.7B KRW
FY23 6.7B KRW
FY24 4.9B KRW
FY25 3.2B KRW

273640 screens 32% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "YM Tech Co Fair Value". https://www.fairvalue-calculator.com/stock/273640

Peer Group

Electrical Equipment & Parts · 526 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 57 · Above median
Fair Value upside −32% · Above median
Return on equity (TTM) 6% · Below median
Return on assets 2% · Below median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) -24% · Bottom 25%
Revenue growth -34% · Bottom 25%
Dividend yield (TTM) 2.0% · Above median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/FCF 0.0× · 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 0 · sector 0
FUTURE 0 · sector 57
PAST 23 · sector 26
HEALTH 0 · sector 97
DIVIDEND 40 · sector 18

VALUE 0: the price sits above our fair-value range.

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is YM Tech Co (273640) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 3,422 KRW versus a price of 5,030 KRW, about −32% (overvalued).
What is the fair value of 273640?
Our model-based fair value for YM Tech Co is 3,422 KRW (as of Jul 21, 2026), built from audited fundamentals. The current price is 5,030 KRW.
What is the quality score of 273640?
YM Tech Co has a Quality Score of 57/100. 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 YM Tech Co (273640)?
YM Tech Co reported trailing-twelve-month revenue of about 29.1B KRW (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 273640?
The net profit margin of YM Tech Co is about 10.9%, meaning it keeps roughly 10.9% of revenue as net income. Based on the latest reported figures.
Does YM Tech Co pay a dividend?
YM Tech Co currently shows a dividend yield of about 1.52% relative to its recent price (as of Jul 21, 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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