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ANIPLUS INC., (310200) Fair Value & Analysis

Communication Services · KR · Market cap 132B KRW

AI ANIPLUS INC., 310200 · KQ
Price2,765 KRW
Fair Value4,328 KRW
Upside+56.5%
Quality38/100
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Mixed Growth
Thin margins · 6.4% net margin
Low debt · generates free cash flow
3.49% dividend yield
Ranks above peers (9/10)
Narrow moat 43/100
Evidence: High Range 3,246 KRW – 5,410 KRW Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 21 days ago

Share price +6.8% over the past month.

Below-average quality, screening 57% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (3,246 KRW). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

5,793 KRW 1,472 KRW Fair Value 4,328 KRW Mar 2021 Aug 2026

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

60‑month range 1,472 KRW – 5,793 KRW · fair‑value band 3,246 KRW – 5,410 KRW · the 2,765 KRW price screens below the 4,328 KRW fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

ANIPLUS INC., (310200) currently trades at 2,765 KRW, while our model-based Fair Value estimate is 4,328 KRW, implying the stock looks roughly 56.5% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, ANIPLUS INC., generated revenue of 151B KRW at a net margin of 6.4%. Revenue grew 0.8% year over year. It earns a return on equity of 9.2%. Net debt stands at 961M KRW. Fundamentals as of Jul 21, 2026

Our scenario range runs from 3,246 KRW (bear case) to 5,410 KRW (bull case); at 2,765 KRW, the current price sits below 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 57% below its 52-week high and 38% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 12% fair-value upside, at 57%, 310200 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.

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
Highest evidence
Growth DCF 16,871 KRW 32,352 KRW 57,720 KRW 80
Residual Income 2,021 KRW 2,252 KRW 3,808 KRW 76
Rev-Margin DCF 9,627 KRW 14,757 KRW 25,580 KRW 74
All 24 models by family
DCF Models
FCF DCF 17,865 KRW 27,450 KRW 57,972 KRW 38
Owner Earnings 4,022 KRW 7,683 KRW 15,369 KRW 31
5Y Revenue Exit 8,931 KRW 13,021 KRW 21,448 KRW 39
5Y EBITDA Exit 12,765 KRW 20,775 KRW 36,447 KRW 41
5Y P/E Exit 8,611 KRW 14,818 KRW 22,763 KRW 38
10Y Revenue Exit 11,480 KRW 20,125 KRW 24,463 KRW 36
10Y EBITDA Exit 14,458 KRW 28,383 KRW 51,889 KRW 37
10Y P/E Exit 11,427 KRW 19,437 KRW 31,413 KRW 35
Earnings-Based
Graham-Dodd 1,574 KRW 10,975 KRW 15,402 KRW 54
Lynch FV 5,369 KRW 7,670 KRW 9,971 KRW 50
PEG = 1.0 5,369 KRW 7,670 KRW 9,971 KRW 46
EPV 4,881 KRW 5,503 KRW 6,047 KRW 59
Multiples
P/E Multiple 3,819 KRW 5,092 KRW 6,365 KRW 63
P/S Multiple 2,951 KRW 3,934 KRW 4,918 KRW 58
P/B Multiple 2,951 KRW 3,934 KRW 4,918 KRW 55
EV/EBIT 6,373 KRW 8,113 KRW 9,853 KRW 53
EV/EBITDA 10,472 KRW 13,578 KRW 16,684 KRW 54
EV/Revenue 5,111 KRW 6,808 KRW 8,505 KRW 43
Asset-Based
NCAV (Graham) 1,147 KRW 1,537 KRW 2,293 KRW 50
Growth DCF
Growth DCF 16,871 KRW 32,352 KRW 57,720 KRW 80
Rev-Margin DCF 9,627 KRW 14,757 KRW 25,580 KRW 74
Economic Profit
Residual Income 2,021 KRW 2,252 KRW 3,808 KRW 76
ROIC Compounder 6,100 KRW 8,870 KRW 12,611 KRW 72
Growth Earnings
Growth-Adj P/E 7,203 KRW 10,289 KRW 13,376 KRW 68

Widest divergence: DCF Models (19,437 KRW) versus Asset-Based (1,537 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 151B KRW
Revenue growth (YoY) +0.8%
Net margin 6.4%
Return on equity 9.2%
Free cash flow 51.8B KRW FY2025
Operating margin 8.2%
More key figures
Dividend yield 3.1%
EPS growth (YoY) -55.7%
Net debt 961M KRW FY2024

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 44 · Market factors (momentum, volatility) 35

Profitability 39
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 5
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

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

ANIPLUS INC., together with its subsidiaries, engages in the content distribution and merchandise businesses. It offers ANIPLUS ASIA, an animation channel; K-PLUS, a K-drama channel.

Full company description

ANIPLUS INC., together with its subsidiaries, engages in the content distribution and merchandise businesses. It offers ANIPLUS ASIA, an animation channel; K-PLUS, a K-drama channel. The company is also involved in the provision of various media art exhibitions; selling various animation-related products through website; and event and film, as well as broadcasting, OTT, dramas, merchandise, and production businesses. The company was incorporated in 2015 and is headquartered in Seoul, South Korea. Aniplus Inc. operates as a subsidiary of JJ Mediaworks.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ANIPLUS INC., reported revenue of 150B KRW in FY2025 versus 49.0B KRW in FY2021, a compound +32.3%/yr. Reported net income was 12.1B KRW in FY2025, compounding −12.2%/yr from FY2021.

Growth Quality 73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
150B KRW
Latest YoY
+14.8%
Avg. growth/yr (3Y) 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.
+37.5%
Avg. growth/yr (5Y) 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.
+56.7%
Revenue +32.3%/yr
FY21 49.0B KRW
FY22 57.8B KRW
FY23 111B KRW
FY24 131B KRW
FY25 150B KRW
Net income −12.2%/yr
FY21 20.3B KRW
FY22 4.0B KRW
FY23 8.9B KRW
FY24 15.6B KRW
FY25 12.1B KRW

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Cite: Fair Value Calculator (2026). "ANIPLUS INC., Fair Value". https://www.fairvalue-calculator.com/stock/310200

Peer Group

Broadcasting · 69 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.

Quality Score 38 · Bottom 25%
Fair Value upside +57% · Above median
Return on equity (TTM) 9% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 1% · Above median
Dividend yield (TTM) 3.5% · Above median
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Broadcasting median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

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 100 · sector 36
FUTURE 4 · sector 0
PAST 37 · sector 3
HEALTH 96 · sector 96
DIVIDEND 70 · sector 47

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Broadcasting stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Nexstar Media Group NXST $183.71 $78.52 -57%
SES S.A SESG €7.46 €15.46 +107%
PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK 505.00 IDR 1,094 IDR +117%
MFE-Mediaforeurope N.V MFEB €3.64 €5.38 +48%
Jiangsu Broadcasting Cable Information Network Corporation 600959 ¥3.07 ¥1.14 -63%
Sun TV Network Limited SUNTV ₹489.20 ₹586.58 +20%
MBC Group 4072 20.06 SAR 19.56 SAR -2%
Beijing Gehua Catv Network Co 600037 ¥7.13 ¥3.64 -49%
PT Surya Citra Media Tbk, SCMA 206.00 IDR 229.91 IDR +12%
Zee Entertainment Enterprises Limited ZEEL ₹92.61 ₹53.22 -43%

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Frequently asked questions

Is ANIPLUS INC., (310200) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 4,328 KRW versus a price of 2,765 KRW, about +57% (undervalued).
What is the fair value of 310200?
Our model-based fair value for ANIPLUS INC., is 4,328 KRW (as of Jul 21, 2026), built from audited fundamentals. The current price is 2,765 KRW.
What is the quality score of 310200?
ANIPLUS 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 revenue of ANIPLUS INC., (310200)?
ANIPLUS INC., reported trailing-twelve-month revenue of about 151B KRW (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 310200?
The net profit margin of ANIPLUS INC., is about 6.4%, meaning it keeps roughly 6.4% of revenue as net income. Based on the latest reported figures.
Does ANIPLUS INC., pay a dividend?
ANIPLUS INC., currently shows a dividend yield of about 3.10% relative to its recent price (as of Jul 21, 2026).

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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