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Nepes Ark Corporation (330860) Fair Value & Analysis

Technology · KR · Market cap 402B KRW

NA Nepes Ark Corporation 330860 · KQ
Price26,700 KRW
Fair Value4,767 KRW
Upside-82.2%
Quality66/100
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Mixed Growth
Thin margins · 6.3% net margin
Low debt · generates free cash flow
Ranks above peers (6/10)
Narrow moat 41/100
Evidence: High Range 3,575 KRW – 5,958 KRW Share as image

Fair value as of: Jul 21, 2026

From 22 valuation models · updated 20 days ago

Share price −32.8% over the past month.

A solid business, but screening 82% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (5,958 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

57,700 KRW 8,830 KRW Fair Value 4,767 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 8,830 KRW – 57,700 KRW · fair‑value band 3,575 KRW – 5,958 KRW · the 26,700 KRW price screens above the 4,767 KRW fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Nepes Ark Corporation (330860) currently trades at 26,700 KRW, while our model-based Fair Value estimate is 4,767 KRW, implying the stock looks roughly 82.2% overvalued today. The Quality Score stands at 66/100 (solid 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: high).

Over the trailing twelve months, Nepes Ark Corporation generated revenue of 115B KRW at a net margin of 6.3%. Revenue grew 3.3% year over year. It earns a return on equity of 8.0%. Net debt stands at 71.0B KRW. Fundamentals as of Jul 21, 2026

Our scenario range runs from 3,575 KRW (bear case) to 5,958 KRW (bull case); at 26,700 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 52% below its 52-week high and 137% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -82%, 330860 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 30,288 KRW 43,543 KRW 63,737 KRW 80
Rev-Margin DCF 10,995 KRW 14,577 KRW 18,837 KRW 74
ROIC Compounder 1,320 KRW 2,163 KRW 2,912 KRW 72
All 22 models by family
DCF Models
FCF DCF 29,009 KRW 42,773 KRW 64,788 KRW 38
Owner Earnings 49,332 KRW 71,714 KRW 107,509 KRW 31
5Y Revenue Exit 10,995 KRW 13,947 KRW 17,479 KRW 39
5Y EBITDA Exit 23,063 KRW 34,891 KRW 48,539 KRW 41
5Y P/E Exit 9,747 KRW 11,781 KRW 13,802 KRW 38
10Y Revenue Exit 17,173 KRW 20,903 KRW 24,803 KRW 36
10Y EBITDA Exit 24,956 KRW 35,204 KRW 47,052 KRW 37
10Y P/E Exit 16,523 KRW 19,424 KRW 22,169 KRW 35
Earnings-Based
Graham-Dodd 1,907 KRW 3,772 KRW 4,731 KRW 54
EPV 1,320 KRW 2,163 KRW 2,912 KRW 59
Multiples
P/E Multiple 2,944 KRW 3,925 KRW 4,907 KRW 63
P/S Multiple 3,575 KRW 4,767 KRW 5,958 KRW 58
P/B Multiple 3,575 KRW 4,767 KRW 5,958 KRW 55
EV/EBIT 523.89 KRW 1,850 KRW 3,177 KRW 53
EV/EBITDA 23,278 KRW 32,190 KRW 41,101 KRW 54
EV/Revenue 1,373 KRW 3,442 KRW 5,512 KRW 43
Asset-Based
NCAV (Graham) 6,921 KRW 9,274 KRW 13,841 KRW 50
Growth DCF
Growth DCF 30,288 KRW 43,543 KRW 63,737 KRW 80
Rev-Margin DCF 10,995 KRW 14,577 KRW 18,837 KRW 74
Economic Profit
Residual Income 9,897 KRW 9,449 KRW 7,613 KRW 61
ROIC Compounder 1,320 KRW 2,163 KRW 2,912 KRW 72
Growth Earnings
Growth-Adj P/E 2,179 KRW 3,114 KRW 4,048 KRW 68

Widest divergence: DCF Models (20,903 KRW) versus Earnings-Based (2,163 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 115B KRW
Revenue growth (YoY) +3.3%
Net margin 6.3%
Return on equity 8.0%
Free cash flow 36.3B KRW FY2025
Operating margin 16.7%
More key figures
EPS growth (YoY) -18.1%
Net debt 71.0B KRW FY2025

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 65 · Market factors (momentum, volatility) 49

Profitability 20
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 2
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 82
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

Nepes Ark Corporation engages in the semiconductor manufacturing-related testing and engineering services in South Korea. It is also involved in semiconductor test production, and semiconductor product wholesale and retail businesses. The company was founded in 2019 and is headquartered in Goesan-eup, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nepes Ark Corporation reported revenue of 114B KRW in FY2025 versus 114B KRW in FY2021, a compound −0.0%/yr. Reported net income was 3.4B KRW in FY2025, compounding −39.0%/yr from FY2021.

Growth Quality 77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
114B KRW
Latest YoY
−4.3%
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.
−9.5%
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.
+11.0%
Avg. growth/yr (6Y) 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.
+13.0%
Revenue −0.0%/yr
FY21 114B KRW
FY22 154B KRW
FY23 123B KRW
FY24 119B KRW
FY25 114B KRW
Net income −39.0%/yr
FY21 24.6B KRW
FY22 25.7B KRW
FY23 −30.3B KRW
FY24 −28.7B KRW
FY25 3.4B KRW

330860 screens 82% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Nepes Ark Corporation Fair Value". https://www.fairvalue-calculator.com/stock/330860

Peer Group

Semiconductors · 318 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 66 · Top 25%
Fair Value upside −82% · Bottom 25%
Return on equity (TTM) 8% · Above median
Return on assets 3% · Above median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 17% · Above median
Revenue growth 3% · Below median
Debt / equity 0.48× · Higher than 75% of peers

Valuation Multiples vs Semiconductors median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 0.6× · 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 0
FUTURE 17 · sector 60
PAST 32 · sector 25
HEALTH 76 · sector 97
DIVIDEND 0 · sector 22

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

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Nepes Ark Corporation (330860) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 4,767 KRW versus a price of 26,700 KRW, about −82% (overvalued).
What is the fair value of 330860?
Our model-based fair value for Nepes Ark Corporation is 4,767 KRW (as of Jul 21, 2026), built from audited fundamentals. The current price is 26,700 KRW.
What is the quality score of 330860?
Nepes Ark Corporation has a Quality Score of 66/100. 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 Nepes Ark Corporation (330860)?
Nepes Ark Corporation reported trailing-twelve-month revenue of about 115B KRW (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 330860?
The net profit margin of Nepes Ark Corporation is about 6.3%, meaning it keeps roughly 6.3% 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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