LET co. Ltd (297890) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of LET co. Ltd KRW 4,614, price KRW 1,538, upside +200.0%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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HB SOLUTION Co., Ltd. manufactures and sells module process display manufacturing equipment and automation system for display industry in South Korea and internationally. The company offers inspection and measuring equipment; and mass production equipment. HB SOLUTION Co., Ltd. was formerly known as Korea Materials & Analysis Corp.
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HB SOLUTION Co., Ltd. manufactures and sells module process display manufacturing equipment and automation system for display industry in South Korea and internationally. The company offers inspection and measuring equipment; and mass production equipment. HB SOLUTION Co., Ltd. was formerly known as Korea Materials & Analysis Corp. and changed its name to HB SOLUTION Co., Ltd. in July 2021. The company was founded in 1996 and is based in Asan-si, South Korea.
Stock analysis
LET co. Ltd (297890) currently trades at 1,538 KRW, while our model-based Fair Value estimate is 4,614 KRW, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 7,600 KRW per share, and 9 of the 13 models we run sit above the 1,538 KRW price.
Bear case: the DCF Models group reads lowest at 614.35 KRW, and 4 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 3,461 KRW (bear) to 5,768 KRW (bull), the price of 1,538 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 Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
LET co. Ltd reported revenue of 62.8B KRW in FY2025 versus 46.8B KRW in FY2021, a compound +7.7%/yr. Reported net income was 26.5B KRW in FY2025, compounding +44.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 112B KRW (≈ $82.7M) · P/S ratio 2.02 · Dividend yield 2.0% · Net margin 42.1% · Return on equity 15.4% · Return on assets (EBIT) 4.7% · Operating margin −7.7% · Revenue (TTM) 57.4B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 9% 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 200%, 297890 screens cheaper than that median.
Fair Value models
Bear 3,461 KRWFair Value 4,614 KRWBull 5,768 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−52.2%
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.
−30.5%
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.
+24.4%
Start year 2020 (pandemic)
Revenue growth 7 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.
+3.4%
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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.
−12.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.8%
Dividend (yield on the price)2.0%
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.−8% → 7%
⚠ Revenue per share shrinking 32.2%/yr over ~5Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Scientific & Technical Instruments · 159 stocks
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Is LET co. Ltd (297890) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 4,614 KRW versus a price of 1,538 KRW, about +200% upside (undervalued).
What is the fair value of 297890?
Our model-based fair value for LET co. Ltd is 4,614 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,538 KRW.
What is the quality score of 297890?
LET 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 LET co. Ltd (297890)?
Our model-based price target is the fair value of 4,614 KRW (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 3,461 KRW, optimistic scenario 5,768 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the LET co. Ltd stock forecast for 2026?
Our models put fair value at 4,614 KRW, about +200% upside versus a price of 1,538 KRW (undervalued). Cautious scenario 3,461 KRW, optimistic scenario 5,768 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of LET co. Ltd (297890)?
LET co. Ltd reported trailing-twelve-month revenue of about 57.4B KRW (latest available figure, as of Sep 24, 2026).
Does LET co. Ltd pay a dividend?
LET co. Ltd currently shows a dividend yield of about 1.95% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of LET co. Ltd (297890)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LET co. Ltd it is 4,614 KRW per share (as of Sep 24, 2026), against a price of 1,538 KRW. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is LET co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 297890 trades below its calculated fair value: price 1,538 KRW, fair value 4,614 KRW, a gap of about +200% (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 297890?
No. The price is what the market pays today (1,538 KRW); the fair value is what the company's own numbers justify (4,614 KRW). For LET co. Ltd the two are 3,076 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is LET co. Ltd worth?
The market values LET co. Ltd at about 112B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 1,538 KRW; our models calculate a fair value of 4,614 KRW per share.
What do the bullish and bearish scenarios say about 297890?
Our models span a range for LET co. Ltd: cautious scenario 3,461 KRW, base 4,614 KRW, optimistic 5,768 KRW per share (as of Sep 24, 2026, price 1,538 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of LET co. Ltd (297890)?
Balance-sheet figures for LET co. Ltd (as of Sep 24, 2026): return on equity 15.4%, debt of 0.11 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 297890 from its 52-week high?
LET co. Ltd trades at 1,538 KRW, about 47% below its 52-week high of 2,913 KRW and 9% above the low of 1,417 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 4,614 KRW is for.
Which stocks are comparable to LET co. Ltd?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Teledyne Technologies Incorporated, Chroma ATE Inc, 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 LET co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 1,538 KRW, calculated fair value 4,614 KRW (+200%), Quality Score 46/100, from 13 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 297890 calculated?
We run LET co. Ltd through 13 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 4,614 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 14.0 % above its aggregate fair value. LET co. Ltd currently trades 200 % 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 LET co. Ltd (297890)?
The closing price on Sep 23, 2026 was 1,538 KRW. Our model-based fair value is 4,614 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LET co. Ltd right now?
The price is below even our cautious bear case (3,461 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of LET co. Ltd
How large is the market capitalisation of LET co. Ltd (297890)?
The market capitalisation of LET co. Ltd is 112B KRW (≈ $82.7M). 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 LET co. Ltd (297890)?
The price-to-sales ratio of LET co. Ltd is 2.02 (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 LET co. Ltd (297890)?
The dividend yield of LET co. Ltd is 2.0%. 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 LET co. Ltd (297890)?
The net margin of LET co. Ltd is 42.1% (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 LET co. Ltd (297890)?
The return on equity (ROE) of LET co. Ltd is 15.4% (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 LET co. Ltd (297890)?
On an EBIT basis the return on assets of LET co. Ltd is 4.7% (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 LET co. Ltd (297890)?
The operating margin of LET co. Ltd is −7.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LET co. Ltd (297890)?
Revenue at LET co. Ltd is growing −27.0% versus a year earlier (3y avg −30.5%). 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 LET co. Ltd (297890)?
Earnings per share at LET co. Ltd are growing +341% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does LET co. Ltd (297890) generate?
The free cash flow of LET co. Ltd is −7.9B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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