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Wavice Inc (289930) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Wavice Inc KRW 2,346, price KRW 8,120, upside -71.1%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · KR

WI Thin data Sep 24, 2026

Wavice Inc

289930 · KQ

Weakest SetupStrongly overvalued and low quality.

!Fair value 2,346 KRW · Strongly overvalued (−71%)
!Quality 38/100
!Expensive Growth (revenue 3y +104.8 %/yr)
✓Solidly profitable · 14.8% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (2/8)
!Narrow moat 36/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

23,800 KRW 5,830 KRW Fair Value 2,346 KRW Oct 2024 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

23‑month range 5,830 KRW – 23,800 KRW · fair‑value band 1,759 KRW – 2,932 KRW · the 8,120 KRW price screens above the 2,346 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

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.

Stock analysis

Wavice Inc (289930) currently trades at 8,120 KRW, while our model-based Fair Value estimate is 2,346 KRW, implying the stock looks roughly 246.1% overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 6,973 KRW per share, and 1 of the 14 models we run sit above the 8,120 KRW price.

Bear case: the Economic Profit group reads lowest at 1,383 KRW, and 13 of the 14 models stay below the price. Evidence for this calculation is low.

Scenario range: 1,759 KRW (bear) to 2,932 KRW (bull), the price of 8,120 KRW sits above 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 38/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

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.

Key figures

Market cap 102B KRW (≈ $71.2M) · P/S ratio 2.34 · Net margin 4.4% · Return on equity 12.7% · Return on assets (EBIT) −16.9% · Operating margin −64.7% · Revenue (TTM) 39.4B KRW · Revenue growth (YoY) −20.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).

What moves the price

The share trades about 66% below its 52-week high and 39% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −34% fair-value upside, at −71%, 289930 screens richer than that median.

Fair Value models

Bear 1,759 KRW Fair Value 2,346 KRW Bull 2,932 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.
Highest evidence
EPV 1,350 KRW 1,383 KRW 1,409 KRW 71
EV/EBITDA 6,628 KRW 8,477 KRW 10,327 KRW 67
ROIC Compounder 1,350 KRW 1,383 KRW 1,409 KRW 67
All 14 models by family
Earnings-Based
Graham-Dodd 938.25 KRW 6,543 KRW 9,182 KRW 59
Lynch FV 3,380 KRW 4,829 KRW 6,278 KRW 57
PEG = 1.0 3,380 KRW 4,829 KRW 6,278 KRW 53
EPV 1,350 KRW 1,383 KRW 1,409 KRW 71
Multiples
P/E Multiple 2,898 KRW 3,863 KRW 4,829 KRW 63
P/S Multiple 1,759 KRW 2,346 KRW 2,932 KRW 58
P/B Multiple 1,759 KRW 2,346 KRW 2,932 KRW 55
EV/EBIT 1,946 KRW 2,235 KRW 2,524 KRW 66
EV/EBITDA 6,628 KRW 8,477 KRW 10,327 KRW 67
EV/Revenue 1,517 KRW 1,705 KRW 1,893 KRW 54
Asset-Based
NCAV (Graham) 1,967 KRW 2,636 KRW 3,934 KRW 54
Economic Profit
Residual Income 2,594 KRW 2,439 KRW 1,849 KRW 66
ROIC Compounder 1,350 KRW 1,383 KRW 1,409 KRW 67
Growth Earnings
Growth-Adj P/E 4,881 KRW 6,973 KRW 9,065 KRW 63

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Quality Score breakdown

Overall quality 38/100

Of which business quality 37 · Market factors (momentum, volatility) 10

Profitability 25
Margins and returns on capital today
Quality Growth 79
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 80
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+38.5%
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.
+104.8%
Profit margin (trend) ⓘ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.
−261.1% (2021) → 1.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed

289930 screens 246% overvalued. Compare with ASML Holding →

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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

Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside −71% · Bottom 25%
Profitability
Return on equity (TTM) 13% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) 15% · Above median
Operating margin (TTM) −65% · Bottom 25%
Growth and dividend
Revenue growth −20% · Bottom 25%
Balance sheet
Debt / equity 0.36× · Highest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 69
PAST (return on equity)51 · sector 30
HEALTH (low debt)82 · sector 96
DIVIDEND (yield)0 · sector 15

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

Context: sector, industry, market

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

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
ASML Holding ASML €1,507 €1,350 −10%
Applied Materials, Inc AMAT $472.46 $370.20 −22%
Lam Research Corporation LRCX $310.96 $205.76 −34%
KLA Corporation KLAC $188.32 $149.08 −21%
Teradyne, Inc TER $389.14 $66.11 −83%
Advanced Micro-Fabrication Equipment Inc 688012 ¥349.35 ¥117.08 −66%
Piotech Inc 688072 ¥730.30 ¥322.24 −56%
SJ Semiconductor Corporation 688820 ¥133.57 ¥13.84 −90%
Hon. Precision, Inc 7769 5,670 TWD 4,864 TWD −14%
Qnity Electronics, Inc Q $124.86 $70.44 −44%

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Wavice Inc · Fair Value
2,346 KRW −246%Fair Value
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Cite: Fair Value Calculator (2026). "Wavice Inc Fair Value". https://www.fairvalue-calculator.com/stock/289930

Frequently asked questions

Is Wavice Inc (289930) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2,346 KRW versus a price of 8,120 KRW, about −71% upside (overvalued).
What is the fair value of 289930?
Our model-based fair value for Wavice Inc is 2,346 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 8,120 KRW.
What is the quality score of 289930?
Wavice Inc has a Quality Score of 38/100. 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 Wavice Inc (289930)?
Our model-based price target is the fair value of 2,346 KRW (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 1,759 KRW, optimistic scenario 2,932 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Wavice Inc stock forecast for 2026?
Our models put fair value at 2,346 KRW, about −71% upside versus a price of 8,120 KRW (overvalued). Cautious scenario 1,759 KRW, optimistic scenario 2,932 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Wavice Inc (289930)?
Wavice Inc reported trailing-twelve-month revenue of about 39.4B KRW (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Wavice Inc (289930)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wavice Inc it is 2,346 KRW per share (as of Sep 24, 2026), against a price of 8,120 KRW. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Wavice Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 289930 trades above its calculated fair value: price 8,120 KRW, fair value 2,346 KRW, a gap of about −71% (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 289930?
No. The price is what the market pays today (8,120 KRW); the fair value is what the company's own numbers justify (2,346 KRW). For Wavice Inc the two are 5,774 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Wavice Inc worth?
The market values Wavice Inc at about 102B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 8,120 KRW; our models calculate a fair value of 2,346 KRW per share.
What do the bullish and bearish scenarios say about 289930?
Our models span a range for Wavice Inc: cautious scenario 1,759 KRW, base 2,346 KRW, optimistic 2,932 KRW per share (as of Sep 24, 2026, price 8,120 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Wavice Inc (289930)?
Balance-sheet figures for Wavice Inc (as of Sep 24, 2026): return on equity 12.7%, debt of 0.36 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 289930 from its 52-week high?
Wavice Inc trades at 8,120 KRW, about 66% below its 52-week high of 23,800 KRW and 39% above the low of 5,830 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 2,346 KRW is for.
Which stocks are comparable to Wavice Inc?
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 Wavice Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 8,120 KRW, calculated fair value 2,346 KRW (−71%), Quality Score 38/100, from 14 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 289930 calculated?
We run Wavice Inc through 14 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 2,346 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. Wavice Inc 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 Wavice Inc (289930)?
The closing price on Sep 23, 2026 was 8,120 KRW. Our model-based fair value is 2,346 KRW, about −71% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wavice Inc right 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. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Wavice Inc

How large is the market capitalisation of Wavice Inc (289930)?
The market capitalisation of Wavice Inc is 102B KRW (≈ $71.2M). 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 Wavice Inc (289930)?
The price-to-sales ratio of Wavice Inc is 2.34 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Wavice Inc (289930)?
The net margin of Wavice Inc is 4.4% (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 Wavice Inc (289930)?
The return on equity (ROE) of Wavice Inc is 12.7% (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 Wavice Inc (289930)?
On an EBIT basis the return on assets of Wavice Inc is −16.9% (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 Wavice Inc (289930)?
The operating margin of Wavice Inc is −64.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wavice Inc (289930)?
Revenue at Wavice Inc is growing −20.1% versus a year earlier (3y avg +105%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Wavice Inc (289930) generate?
The free cash flow of Wavice Inc is −7.8B 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 Wavice Inc (289930) carry?
The net debt of Wavice Inc is 2.4B KRW (fiscal year 2025). 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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