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Artist Company (321820) Fair Value & Analysis

Communication Services · KR · Market cap 32.1B KRW

AC Artist Company 321820 · KQ
Price2,455 KRW
Fair Value1,235 KRW
Upside-49.7%
Quality38/100
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Mixed Growth
Thin margins · 3.4% net margin
Low debt · generates free cash flow
Mixed vs. peers (4/9)
Narrow moat 19/100
Evidence: High Range 926.31 KRW – 1,544 KRW Share as image

Fair value as of: Jul 22, 2026

From 21 valuation models · updated 19 days ago

Share price +6.0% over the past month.

Below-average quality, and screening another 50% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,544 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.
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Price vs Fair Value (5 years)

26,600 KRW 1,983 KRW Fair Value 1,235 KRW Mar 2021 Aug 2026

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

How to read this chart

60‑month range 1,983 KRW – 26,600 KRW · fair‑value band 926.31 KRW – 1,544 KRW · the 2,455 KRW price screens above the 1,235 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Artist Company (321820) currently trades at 2,455 KRW, while our model-based Fair Value estimate is 1,235 KRW, implying the stock looks roughly 49.7% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Communication Services 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: high).

Over the trailing twelve months, Artist Company generated revenue of 47.5B KRW at a net margin of 3.4%. Revenue grew 13.7% year over year. It earns a return on equity of 3.1%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 926.31 KRW (bear case) to 1,544 KRW (bull case); at 2,455 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. For context, the median of 10 Communication Services peers we cover trades at -1% fair-value upside, at -50%, 321820 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.

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 1,768 KRW 2,143 KRW 2,767 KRW 80
Rev-Margin DCF 1,666 KRW 1,951 KRW 2,312 KRW 74
Growth-Adj P/E 876.65 KRW 1,252 KRW 1,628 KRW 68
All 21 models by family
DCF Models
FCF DCF 1,770 KRW 2,171 KRW 2,852 KRW 38
Owner Earnings 1,642 KRW 1,946 KRW 2,462 KRW 31
5Y Revenue Exit 1,666 KRW 1,955 KRW 2,340 KRW 39
5Y EBITDA Exit 1,551 KRW 1,721 KRW 1,924 KRW 41
5Y P/E Exit 1,968 KRW 2,566 KRW 3,243 KRW 38
10Y Revenue Exit 1,684 KRW 1,968 KRW 2,387 KRW 36
10Y EBITDA Exit 1,621 KRW 1,798 KRW 2,045 KRW 37
10Y P/E Exit 1,896 KRW 2,411 KRW 3,131 KRW 35
Earnings-Based
Graham-Dodd 581.21 KRW 2,529 KRW 3,459 KRW 54
Lynch FV 650.96 KRW 929.94 KRW 1,209 KRW 50
PEG = 1.0 650.96 KRW 929.94 KRW 1,209 KRW 46
Multiples
P/E Multiple 897.46 KRW 1,197 KRW 1,496 KRW 63
P/S Multiple 1,090 KRW 1,453 KRW 1,816 KRW 58
P/B Multiple 1,090 KRW 1,453 KRW 1,816 KRW 55
EV/EBITDA 1,463 KRW 1,537 KRW 1,611 KRW 54
EV/Revenue 1,624 KRW 1,787 KRW 1,951 KRW 43
Asset-Based
NCAV (Graham) 1,309 KRW 1,755 KRW 2,619 KRW 50
Growth DCF
Growth DCF 1,768 KRW 2,143 KRW 2,767 KRW 80
Rev-Margin DCF 1,666 KRW 1,951 KRW 2,312 KRW 74
Economic Profit
Residual Income 1,911 KRW 1,863 KRW 1,599 KRW 61
Growth Earnings
Growth-Adj P/E 876.65 KRW 1,252 KRW 1,628 KRW 68

Widest divergence: DCF Models (1,955 KRW) versus Earnings-Based (929.94 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 47.5B KRW
Revenue growth (YoY) +13.7%
Net margin 3.4%
Return on equity 3.1%
Free cash flow 637M KRW FY2025
Operating margin -19.5%
More key figures
EPS growth (YoY) +280%

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 43 · Market factors (momentum, volatility) 2

Profitability 27
Margins and returns on capital today
Quality Growth 88
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 2
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 5
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

Artist Company Inc. engages in developing mobile and web-based advertising service systems and conducting advertising agency business in South Korea and internationally.

Full company description

Artist Company Inc. engages in developing mobile and web-based advertising service systems and conducting advertising agency business in South Korea and internationally. The company engages in content business division which offers film and drama production and domestic and international sales distribution; commerce business division involving content creation linked commerce; and DSP business division offering target marketing platform based on big data, as well as Ad server business division that offers advertising management. It also involves in electronic commerce businesses. The company was formerly known as Artist United Inc. and changed its name to Artist Company Inc. in April 2025. The company was founded in 2010 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Artist Company reported revenue of 46.7B KRW in FY2025 versus 35.4B KRW in FY2021, a compound +7.1%/yr. Reported net income was 1.3B KRW in FY2025.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
46.7B KRW
Latest YoY
+119.4%
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.
+9.3%
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.
+10.0%
Avg. growth/yr (8Y) 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.
+4.7%
Revenue +7.1%/yr
FY21 35.4B KRW
FY22 35.8B KRW
FY23 21.3B KRW
FY24 21.3B KRW
FY25 46.7B KRW
Net income
FY21 −7.5B KRW
FY22 −17.5B KRW
FY23 −5.0B KRW
FY24 −7.7B KRW
FY25 1.3B KRW

321820 screens 50% overvalued. Compare with AppLovin Corporation →

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Cite: Fair Value Calculator (2026). "Artist Company Fair Value". https://www.fairvalue-calculator.com/stock/321820

Peer Group

Advertising Agencies · 199 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 −50% · Below median
Return on equity (TTM) 3% · Above median
Return on assets -3% · Bottom 25%
Net margin (TTM) 3% · Above median
Operating margin (TTM) -19% · Bottom 25%
Revenue growth 14% · Above median
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Advertising Agencies 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 0 · sector 19
FUTURE 69 · sector 8
PAST 12 · sector 7
HEALTH 94 · sector 98
DIVIDEND 0 · sector 66

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.

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 Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
AppLovin Corporation APP $506.98 $181.37 -64%
Publicis Groupe S.A PUB €87.16 €146.36 +68%
Omnicom Group OMC $80.75 $99.84 +24%
Focus Media Information Technology Co 002027 ¥5.00 ¥4.08 -18%
The Trade Desk, Inc TTD $19.37 $20.76 +7%
BlueFocus Intelligent Communications Group 300058 ¥13.81 ¥1.50 -89%
JCDecaux SE DEC €21.28 €20.99 -1%
WPP plc WPP $18.13 $18.56 +2%
Easy Click Worldwide Network Technology Co 301171 ¥28.85 ¥5.62 -81%
Magnite, Inc MGNI $19.91 $17.17 -14%

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Frequently asked questions

Is Artist Company (321820) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,235 KRW versus a price of 2,455 KRW, about −50% (overvalued).
What is the fair value of 321820?
Our model-based fair value for Artist Company is 1,235 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 2,455 KRW.
What is the quality score of 321820?
Artist Company 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 Artist Company (321820)?
Artist Company reported trailing-twelve-month revenue of about 47.5B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 321820?
The net profit margin of Artist Company is about 3.4%, meaning it keeps roughly 3.4% of revenue as net income. Based on the latest reported figures.

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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