KCTech Co Ltd (281820) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of KCTech Co Ltd stock KRW 45,699, price KRW 52,800, that is 13.4% below the price, quality 64 out of 100. Rating: overvalued. Calculated from audited financials with 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 5, 2026.
How to read this chart
60‑month range 12,866 KRW – 124,000 KRW · fair‑value band 25,850 KRW – 73,459 KRW · the 52,800 KRW price screens above the 45,699 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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KCTech Co., Ltd. engages in the manufacture and distribution of semiconductor systems, display systems, and electronic materials in South Korea.
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It offers semiconductor equipment, including chemical mechanical polishing systems and wet cleaning systems; display equipment, such as wet stations, atmospheric pressure plasma cleaners, CO2 clearers, and coater and tract systems; electronic materials comprising dielectric slurry and additive, and metal slurry; and nano dispersion products.
KCTech Co., Ltd. was founded in 1987 and is headquartered in Anseong-si, South Korea.
Stock analysis
KCTech Co Ltd (281820) currently trades at 52,800 KRW, while our model-based Fair Value estimate is 45,699 KRW, 13% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 58,800 KRW per share, and 7 of the 26 models we run sit above the 52,800 KRW price.
Bear case: the Asset-Based group reads lowest at 20,178 KRW, and 19 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 25,850 KRW (bear) to 73,459 KRW (bull), the price of 52,800 KRW sits inside 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 64/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
KCTech Co Ltd reported revenue of 383B KRW in FY2025 versus 345B KRW in FY2021, a compound +2.7%/yr. Reported net income was 53.4B KRW in FY2025, compounding +6.2%/yr from FY2021.
Key figures
Market cap 1.1T KRW (≈ $774M) Small · P/E ratio 19.5 · P/S ratio 3.60 · EPS (TTM) 4,423 KRW · Dividend yield 0.9% · Net margin 18.3% · Return on equity 16.3% · Return on assets (EBIT) 9.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 57% below its 52-week high and 51% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −2% fair-value upside, at −13%, 281820 screens richer than that median.
Fair Value models
Bear25,850 KRWFair Value 45,699 KRWBull73,459 KRW
Price 52,800 KRW · Downside -13.4%
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 (3,396 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.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.7%
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.
+0.4%
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.
+3.7%
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.
+22.6%
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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.
+7.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.1%
Dividend (yield on the price)0.9%
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.18% → 16%
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+26.3%
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 +23.8% 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.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). "KCTech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/281820
Frequently asked questions
Is KCTech Co Ltd (281820) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 45,699 KRW versus a price of 52,800 KRW, about 13% lower (overvalued).
What is the fair value of 281820?
Our model-based fair value for KCTech Co Ltd is 45,699 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 52,800 KRW.
What is the quality score of 281820?
KCTech Co Ltd has a Quality Score of 64/100. 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 KCTech Co Ltd (281820)?
Our model-based price target is the fair value of 45,699 KRW (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 25,850 KRW, optimistic scenario 73,459 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the KCTech Co Ltd stock forecast for 2026?
Our models put fair value at 45,699 KRW, about 13% lower versus a price of 52,800 KRW (overvalued). Cautious scenario 25,850 KRW, optimistic scenario 73,459 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of KCTech Co Ltd (281820)?
KCTech Co Ltd reported trailing-twelve-month revenue of about 476B KRW (latest available figure, as of Nov 5, 2026).
Does KCTech Co Ltd pay a dividend?
KCTech Co Ltd currently shows a dividend yield of 0.85% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of KCTech Co Ltd (281820) and when is the ex-dividend date?
KCTech Co Ltd pays a dividend of 450.00 KRW per share a year, a dividend yield of 0.9%. The last ex-dividend date was Feb 26, 2026. The payout ratio is 10.2% of earnings. Free cash flow covers the dividend 3.55 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into KCTech Co Ltd (281820)?
For today's price to be fair in a discounted-cash-flow model, KCTech Co Ltd would have to grow free cash flow by +26.3 % per year for five years (discount rate 12.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.7 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 281820 use?
Our models discount KCTech Co Ltd at 12.8 %: a base by market capitalisation (small), damped by beta 1.40, 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 KCTech Co Ltd that is +26.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.8 %) and the same formula as our fair value.
How much growth has KCTech Co Ltd (281820) delivered so far?
Over the past 5 years revenue at KCTech Co Ltd grew +3.7 % a year. The price currently implies free-cash-flow growth of +26.3 % per 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 KCTech Co Ltd (281820) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into KCTech Co Ltd (+26.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of KCTech Co Ltd (281820)?
The free-cash-flow yield on the price is 3.03 %: that much free cash flow KCTech Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of KCTech Co Ltd (281820)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KCTech Co Ltd it is 45,699 KRW per share (as of Nov 5, 2026), against a price of 52,800 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is KCTech Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 281820 trades above its calculated fair value: price 52,800 KRW, fair value 45,699 KRW, a gap of about −13% (overvalued). 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 281820?
No. The price is what the market pays today (52,800 KRW); the fair value is what the company's own numbers justify (45,699 KRW). For KCTech Co Ltd the two are 7,101 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is KCTech Co Ltd worth?
The market values KCTech Co Ltd at about 1.1T KRW (market capitalisation, as of Nov 5, 2026). Per share that is 52,800 KRW; our models calculate a fair value of 45,699 KRW per share.
What do the bullish and bearish scenarios say about 281820?
Our models span a range for KCTech Co Ltd: cautious scenario 25,850 KRW, base 45,699 KRW, optimistic 73,459 KRW per share (as of Nov 5, 2026, price 52,800 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 281820?
KCTech Co Ltd trades at a price-to-earnings ratio of 19.5 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 45,699 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: 12.6. Other multiples: P/B 2.0, P/S 2.2, EV/EBITDA 9.2.
How solid is the balance sheet of KCTech Co Ltd (281820)?
Balance-sheet figures for KCTech Co Ltd (as of Nov 5, 2026): return on equity 16.3%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 281820 from its 52-week high?
KCTech Co Ltd trades at 52,800 KRW, about 57% below its 52-week high of 124,000 KRW and 51% above the low of 35,018 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 45,699 KRW is for.
Which stocks are comparable to KCTech Co Ltd?
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 KCTech Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 52,800 KRW, calculated fair value 45,699 KRW (−13%), Quality Score 64/100, from 26 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 281820 calculated?
We run KCTech Co Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 45,699 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 13.0% above its aggregate fair value. KCTech Co Ltd itself currently trades above fair value. 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 KCTech Co Ltd (281820)?
The closing price on Nov 6, 2026 was 52,800 KRW. Our model-based fair value is 45,699 KRW, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KCTech Co Ltd right now?
The model range is unusually wide (25,850 KRW to 73,459 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of KCTech Co Ltd
How large is the market capitalisation of KCTech Co Ltd (281820)?
The market capitalisation of KCTech Co Ltd is 1.1T KRW (≈ $774M). 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 KCTech Co Ltd (281820)?
The price-to-sales ratio of KCTech Co Ltd is 3.60 (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 KCTech Co Ltd (281820)?
Earnings per share at KCTech Co Ltd are 4,423 KRW (price ÷ EPS = P/E 19.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of KCTech Co Ltd (281820)?
The dividend yield of KCTech Co Ltd is 0.9% (payout 10.2%). 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 KCTech Co Ltd (281820)?
The net margin of KCTech 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 KCTech Co Ltd (281820)?
The return on equity (ROE) of KCTech Co Ltd is 16.3% (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 KCTech Co Ltd (281820)?
On an EBIT basis the return on assets of KCTech Co Ltd is 9.9% (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 KCTech Co Ltd (281820)?
The operating margin of KCTech Co Ltd is 20.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KCTech Co Ltd (281820)?
Revenue at KCTech Co Ltd is growing +15.5% versus a year earlier (3y avg +0.4%). 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 KCTech Co Ltd (281820)?
Earnings per share at KCTech Co Ltd are growing +91.7% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 5, 2026