Wavice Inc (289930) Fair Value & Analysis
Technology · KR · Market cap 92.2B KRW
Fair value as of: Jul 21, 2026
From 14 valuation models · updated 20 days ago
Fair value updated Jul 21, 2026, revised from 2,439 KRW to 2,346 KRW (−3.8%) since Jul 7, 2026. Share price −12.7% over the past month.
Below-average quality, and screening another 68% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (2,932 KRW). The favourable scenario is already priced in.
- Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (21 months)
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
21‑month range 5,830 KRW – 23,800 KRW · fair‑value band 1,759 KRW – 2,932 KRW · the 7,330 KRW price screens above the 2,346 KRW fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Wavice Inc (289930) currently trades at 7,330 KRW, while our model-based Fair Value estimate is 2,346 KRW, implying the stock looks roughly 68.0% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Technology 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: medium).
Over the trailing twelve months, Wavice Inc generated revenue of 39.4B KRW at a net margin of 14.8%. Revenue declined 20.1% year over year. It earns a return on equity of 12.7%. Net debt stands at 2.4B KRW. Fundamentals as of Jul 21, 2026
Our scenario range runs from 1,759 KRW (bear case) to 2,932 KRW (bull case); at 7,330 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 70% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -68%, 289930 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.
All 14 models by family
Widest divergence: Growth Earnings (6,973 KRW) versus Economic Profit (1,501 KRW). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 37 · Market factors (momentum, volatility) 3
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
Wavice Inc. engages in the development, manufacture, and sale of GaN RF based compound semiconductors In south Korea. It also offers packaged transistors. In addition, It provides GaN RF products, such as Broadbands, L-bands, S-bands, and C-bands. The company was founded in 2011 and is based in Hwaseong-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Wavice Inc reported revenue of 40.7B KRW in FY2025 versus 4.4B KRW in FY2021, a compound +74.5%/yr. Reported net income was 1.8B KRW in FY2025.
289930 screens 68% overvalued. Compare with ASML Holding →
Peer Group
Semiconductor Equipment & Materials · 212 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.
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASML Holding ASML | C$50.50 | C$15.57 | -69% |
| Applied Materials, Inc AMAT | $579.43 | $143.08 | -75% |
| Lam Research Corporation LRCX | $346.10 | $67.57 | -80% |
| KLA Corporation KLAC | $212.75 | $53.01 | -75% |
| NAURA Technology Group 002371 | ¥774.20 | ¥151.43 | -80% |
| Advanced Micro-Fabrication Equipment Inc 688012 | ¥350.69 | ¥41.79 | -88% |
| Piotech Inc 688072 | ¥832.00 | ¥431.44 | -48% |
| Hon. Precision, Inc 7769 | 6,005 TWD | 1,804 TWD | -70% |
| Hangzhou Changchuan Technology Co 300604 | ¥325.24 | ¥33.33 | -90% |
| MPI Corporation 6223 | 5,600 TWD | 609.44 TWD | -89% |
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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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