TSI Co. Ltd. (277880) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of TSI Co. Ltd. KRW 6,439, price KRW 3,460, upside +86.1%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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TSI Co., Ltd., a mixing system company, engages in the manufacture and sale of rechargeable battery mixing systems in South Korea, China, Poland, Sweden, France, Vietnam, Malaysia, the United States, Hungary, and Indonesia.
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TSI Co., Ltd., a mixing system company, engages in the manufacture and sale of rechargeable battery mixing systems in South Korea, China, Poland, Sweden, France, Vietnam, Malaysia, the United States, Hungary, and Indonesia. The company is involved in the secondary battery mixing process solutions, including electrode, assembly, and activation processes; and mixing equipment manufacturing process. It also provides mixing equipment comprising mixing systems; Planetary Despa (PD) mixers, a device with a powerful kneading and stirring effect due to the planetary movement of the twist blade and a high-speed dispersion effect due to the despa; Corona Mix for manufacturing slurry for secondary batteries; Solu Mix, an equipment to dissolve PVDF and CMC; and Powder Transfer System (PTS), a device that transfers active material powder using a vacuum pump. The company was founded in 1996 and is headquartered in Hwaseong-si, South Korea.
Stock analysis
TSI Co. Ltd. (277880) currently trades at 3,460 KRW, while our model-based Fair Value estimate is 6,439 KRW, implying the stock looks roughly 46.3% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 24,264 KRW per share, and 19 of the 23 models we run sit above the 3,460 KRW price.
Bear case: the Economic Profit group reads lowest at 3,369 KRW, and 4 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: 4,583 KRW (bear) to 8,370 KRW (bull), the price of 3,460 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 Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
TSI Co. Ltd. reported revenue of 265B KRW in FY2025 versus 67.3B KRW in FY2021, a compound +40.8%/yr. Reported net income was 3.9B KRW in FY2025, compounding +34.9%/yr from FY2021.
Key figures
Market cap 69.3B KRW (≈ $50.9M) · P/S ratio 0.23 · Dividend yield 10.4% · Net margin 1.5% · Return on equity 8.7% · Return on assets (EBIT) 1.9% · Operating margin 7.5% · Revenue (TTM) 251B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 42% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at 86%, 277880 screens cheaper than that median.
Fair Value models
Bear 4,583 KRWFair Value 6,439 KRWBull 8,370 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.84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.7%
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.
+21.2%
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.
+42.1%
Start year 2020 (pandemic)
Revenue growth 9 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.
+36.3%
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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.
+35.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.1%
Dividend (yield on the price)10.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.25% vs 1%, picking up
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.−2% → 3%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−19.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −21.5% a year for the price.
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.Specialty Industrial Machinery · 827 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+86% · Top 25%
Profitability
Return on equity (TTM)9% · Above median
Return on assets2% · Below median
Net margin (TTM)4% · Below median
Operating margin (TTM)7% · Below median
Growth and dividend
Revenue growth−21% · Bottom 25%
Dividend yield (TTM)10.4% · Top 25%
Balance sheet
Debt / equity0.27× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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Is TSI Co. Ltd. (277880) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6,439 KRW versus a price of 3,460 KRW, about +86% upside (undervalued).
What is the fair value of 277880?
Our model-based fair value for TSI Co. Ltd. is 6,439 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 3,460 KRW.
What is the quality score of 277880?
TSI Co. Ltd. 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 TSI Co. Ltd. (277880)?
Our model-based price target is the fair value of 6,439 KRW (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 4,583 KRW, optimistic scenario 8,370 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the TSI Co. Ltd. stock forecast for 2026?
Our models put fair value at 6,439 KRW, about +86% upside versus a price of 3,460 KRW (undervalued). Cautious scenario 4,583 KRW, optimistic scenario 8,370 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of TSI Co. Ltd. (277880)?
TSI Co. Ltd. reported trailing-twelve-month revenue of about 251B KRW (latest available figure, as of Sep 24, 2026).
Does TSI Co. Ltd. pay a dividend?
TSI Co. Ltd. currently shows a dividend yield of about 10.37% relative to its recent price (as of Sep 24, 2026).
What growth is priced into TSI Co. Ltd. (277880)?
For today's price to be fair in a discounted-cash-flow model, TSI Co. Ltd. would have to grow free cash flow by -19.8 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +42.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 277880 use?
Our models discount TSI Co. Ltd. at 9.4 %: a base by market capitalisation (nano), damped by beta 0.72, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For TSI Co. Ltd. that is -19.8 % per year a year over ten years, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has TSI Co. Ltd. (277880) delivered so far?
Over the past 5 years revenue at TSI Co. Ltd. grew +42.1 % a year. The price currently implies -19.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of TSI Co. Ltd. (277880) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into TSI Co. Ltd. (-19.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TSI Co. Ltd. (277880)?
The free-cash-flow yield on the price is 44.43 %: that much free cash flow TSI Co. Ltd. produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TSI Co. Ltd. (277880)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TSI Co. Ltd. it is 6,439 KRW per share (as of Sep 24, 2026), against a price of 3,460 KRW. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is TSI Co. Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 277880 trades below its calculated fair value: price 3,460 KRW, fair value 6,439 KRW, a gap of about +86% (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 277880?
No. The price is what the market pays today (3,460 KRW); the fair value is what the company's own numbers justify (6,439 KRW). For TSI Co. Ltd. the two are 2,979 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is TSI Co. Ltd. worth?
The market values TSI Co. Ltd. at about 69.3B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 3,460 KRW; our models calculate a fair value of 6,439 KRW per share.
What do the bullish and bearish scenarios say about 277880?
Our models span a range for TSI Co. Ltd.: cautious scenario 4,583 KRW, base 6,439 KRW, optimistic 8,370 KRW per share (as of Sep 24, 2026, price 3,460 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of TSI Co. Ltd. (277880)?
Balance-sheet figures for TSI Co. Ltd. (as of Sep 24, 2026): return on equity 8.7%, debt of 0.27 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 277880 from its 52-week high?
TSI Co. Ltd. trades at 3,460 KRW, about 42% below its 52-week high of 5,960 KRW and 33% above the low of 2,610 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 6,439 KRW is for.
Which stocks are comparable to TSI Co. Ltd.?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin 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 TSI Co. Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 3,460 KRW, calculated fair value 6,439 KRW (+86%), Quality Score 46/100, from 23 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 277880 calculated?
We run TSI Co. Ltd. through 23 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 6,439 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. TSI Co. Ltd. currently trades 86 % 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 TSI Co. Ltd. (277880)?
The closing price on Sep 23, 2026 was 3,460 KRW. Our model-based fair value is 6,439 KRW, about +86% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TSI Co. Ltd. right now?
The price is below even our cautious bear case (4,583 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 (4,583 KRW to 8,370 KRW) leaves room in how you read the outcome.
Key figures of TSI Co. Ltd.
How large is the market capitalisation of TSI Co. Ltd. (277880)?
The market capitalisation of TSI Co. Ltd. is 69.3B KRW (≈ $50.9M). 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 TSI Co. Ltd. (277880)?
The price-to-sales ratio of TSI Co. Ltd. is 0.23 (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 TSI Co. Ltd. (277880)?
The dividend yield of TSI Co. Ltd. is 10.4%. 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 TSI Co. Ltd. (277880)?
The net margin of TSI Co. Ltd. is 1.5% (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 TSI Co. Ltd. (277880)?
The return on equity (ROE) of TSI Co. Ltd. is 8.7% (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 TSI Co. Ltd. (277880)?
On an EBIT basis the return on assets of TSI Co. Ltd. is 1.9% (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 TSI Co. Ltd. (277880)?
The operating margin of TSI Co. Ltd. is 7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TSI Co. Ltd. (277880)?
Revenue at TSI Co. Ltd. is growing −21.1% versus a year earlier (3y avg +21.2%). 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 TSI Co. Ltd. (277880)?
Earnings per share at TSI Co. Ltd. are growing +675% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TSI Co. Ltd. (277880) carry?
The net debt of TSI Co. Ltd. is 46.1B KRW (fiscal year 2025, ≈ 1.5 yrs of FCF). 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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