Innodep Inc. (303530) Fair Value & Analysis

Technology · KR · Market cap 17.7B KRW

Below-average quality, and screening another 42% overvalued on our models.

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

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case (2,000 KRW). The favourable scenario is already priced in.
• 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 but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (1,056 KRW to 2,000 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range 2,370 KRW – 33,950 KRW · fair‑value band 1,056 KRW – 2,000 KRW · the 2,765 KRW price screens above the 1,600 KRW fair value. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

Innodep Inc. (303530) currently trades at 2,765 KRW, while our model-based Fair Value estimate is 1,600 KRW, implying the stock looks roughly 42.1% overvalued today. The Quality Score stands at 47/100 (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: low).

Over the trailing twelve months, Innodep Inc. generated revenue of 69.9B KRW at a net margin of -3.6%. Revenue declined 9.3% year over year. It earns a return on equity of -7.7%. Net debt stands at 7.3B KRW. Fundamentals as of Aug 22, 2026

Our scenario range runs from 1,056 KRW (bear case) to 2,000 KRW (bull case); at 2,765 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 64% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at -42%, 303530 screens richer 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.

Widest divergence: Asset-Based (3,256 KRW) versus Multiples (1,288 KRW). Highest evidence: EV/EBITDA (54).

Key figures & financial health

Quality Score breakdown

About the company

Innodep Inc. provides security-related solutions to the public sector in South Korea. The company offers VURIX, a control platform that provides real-time monitoring and integrated security services based on video surveillance; VuCatcher, an artificial intelligence video analysis situation response platform that screens emergency situations in real time; …

Full company description

Innodep Inc. provides security-related solutions to the public sector in South Korea. The company offers VURIX, a control platform that provides real-time monitoring and integrated security services based on video surveillance; VuCatcher, an artificial intelligence video analysis situation response platform that screens emergency situations in real time; and VUNex, a combination AI platform for management of the small and medium business. It also provides DATA Service, a data insight platform for collecting and analyzing urban data; and application services. Innodep Inc. was incorporated in 2008 and is headquartered in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Innodep Inc. reported revenue of 70.7B KRW in FY2025 versus 60.0B KRW in FY2021, a compound +4.2%/yr. Reported net income was −3.0B KRW in FY2025.

303530 screens 42% overvalued. Compare with International Business Machines Corporation →

Peer Group

Information Technology Services · 490 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.

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Frequently asked questions

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.