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M2I Corporation (347890) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of M2I Corporation KRW 2,422, price KRW 4,270, upside -43.3%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · KR · ISIN KR7347890006

MC Thin data Sep 24, 2026

M2I Corporation

347890 · KQ

Weakest SetupStrongly overvalued and low quality.

!Fair value 2,422 KRW · Strongly overvalued (−43%)
!Quality 42/100
!Expensive Growth (revenue 5y +13.4 %/yr)
✓Solidly profitable · 17.2% net margin (TTM)
!Low debt · negative free cash flow
·1.41% dividend yield
!Mixed vs. peers (5/9)
!Moderate moat 47/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 28 out of 100
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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 →

Price vs Fair Value

10,629 KRW 3,950 KRW Fair Value 2,422 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 3,950 KRW – 10,629 KRW · fair‑value band 1,399 KRW – 2,502 KRW · the 4,270 KRW price screens above the 2,422 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

MX On CORPORATION manufactures and sells human-machine interface (HMI) systems in South Korea, and internationally. The company offers smart HMI, smart SCADA, smart DEVICE, and smart factory solution products. It also provides after sale services, training, and software services.

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MX On CORPORATION manufactures and sells human-machine interface (HMI) systems in South Korea, and internationally. The company offers smart HMI, smart SCADA, smart DEVICE, and smart factory solution products. It also provides after sale services, training, and software services. Its products are used in display mobile phone, semiconductor electronics, chemical steel, automobile shipbuilding, food pharmacy, secondary cell solar, textile packaging, automated logistics, pharmacy bio medical devices, packaging logistics, chemical plant, and energy applications. The company was formerly known as M2I Corporation and change its name to MX On CORPORATION in April 2026. The company was founded in 1999 and is headquartered in Anyang-si, South Korea.

Stock analysis

M2I Corporation (347890) currently trades at 4,270 KRW, while our model-based Fair Value estimate is 2,422 KRW, implying the stock looks roughly 76.3% overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of 3,938 KRW per share, and 1 of the 10 models we run sit above the 4,270 KRW price.

Bear case: the Earnings-Based group reads lowest at 1,782 KRW, and 9 of the 10 models stay below the price. Evidence for this calculation is low.

Scenario range: 1,399 KRW (bear) to 2,502 KRW (bull), the price of 4,270 KRW sits above 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 42/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

M2I Corporation reported revenue of 62.3B KRW in FY2025 versus 39.3B KRW in FY2021, a compound +12.2%/yr. Reported net income was 1.7B KRW in FY2025, compounding −35.8%/yr from FY2021.

Key figures

Market cap 69.1B KRW (≈ $50.8M) · P/S ratio 1.91 · Dividend yield 1.4% · Net margin 2.7% · Return on equity 8.6% · Return on assets (EBIT) 8.4% · Operating margin 12.8% · Revenue (TTM) 36.2B KRW.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 42% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −33% fair-value upside, at −43%, 347890 screens richer than that median.

Fair Value models

Bear 1,399 KRW Fair Value 2,422 KRW Bull 2,502 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.
Highest evidence
Residual Income 2,889 KRW 2,648 KRW 1,840 KRW 76
Owner Earnings 2,381 KRW 3,938 KRW 6,472 KRW 75
Growth-Adj P/E 1,800 KRW 2,571 KRW 3,342 KRW 67
All 10 models by family
DCF Models
Owner Earnings 2,381 KRW 3,938 KRW 6,472 KRW 75
Earnings-Based
Graham-Dodd 713.39 KRW 4,358 KRW 6,079 KRW 63
Lynch FV 1,248 KRW 1,782 KRW 2,317 KRW 61
PEG = 1.0 1,248 KRW 1,782 KRW 2,317 KRW 57
Multiples
P/E Multiple 1,652 KRW 2,203 KRW 2,754 KRW 63
P/S Multiple 1,338 KRW 1,783 KRW 2,229 KRW 58
P/B Multiple 1,338 KRW 1,783 KRW 2,229 KRW 55
Asset-Based
NCAV (Graham) 2,269 KRW 3,040 KRW 4,537 KRW 54
Economic Profit
Residual Income 2,889 KRW 2,648 KRW 1,840 KRW 76
Growth Earnings
Growth-Adj P/E 1,800 KRW 2,571 KRW 3,342 KRW 67

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Quality Score breakdown

Overall quality 42/100

Of which business quality 38 · Market factors (momentum, volatility) 30

Profitability 19
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 89
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+69.2%
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.
+14.3%
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.
+13.4%
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.
+15.7%
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.
−27.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−29.2%
Dividend (yield on the price)1.4%
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.33% → −9%

347890 screens 76% overvalued. Compare with Dell Technologies Inc →

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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.Computer Hardware · 220 stocks

Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 42 · Bottom 25%
Fair Value upside −43% · Below median
Profitability
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 13% · Top 25%
Growth and dividend
Revenue growth −3% · Below median
Dividend yield (TTM) 1.4% · Below median
Balance sheet
Debt / equity 0.06× · Below median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 59
PAST (return on equity)35 · sector 26
HEALTH (low debt)97 · sector 97
DIVIDEND (yield)28 · sector 40

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

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Hangzhou Hikvision Digital Technology Co 002415 ¥33.18 ¥46.76 +41%
Quanta Computer Inc 2382 338.50 TWD 228.14 TWD −33%
Lenovo Group 0992 HK$36.92 HK$33.70 −9%
Dawning Information Industry Co 603019 ¥84.67 ¥35.54 −58%
Everpure, Inc P $110.89 $51.46 −54%
HP Inc HPQ $32.16 $51.90 +61%

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M2I Corporation · Fair Value
2,422 KRW −76%Fair Value
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Cite: Fair Value Calculator (2026). "M2I Corporation Fair Value". https://www.fairvalue-calculator.com/stock/347890

Frequently asked questions

Is M2I Corporation (347890) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2,422 KRW versus a price of 4,270 KRW, about −43% upside (overvalued).
What is the fair value of 347890?
Our model-based fair value for M2I Corporation is 2,422 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 4,270 KRW.
What is the quality score of 347890?
M2I Corporation has a Quality Score of 42/100. 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 M2I Corporation (347890)?
Our model-based price target is the fair value of 2,422 KRW (as of Sep 24, 2026) from 10 valuation models. Cautious scenario 1,399 KRW, optimistic scenario 2,502 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the M2I Corporation stock forecast for 2026?
Our models put fair value at 2,422 KRW, about −43% upside versus a price of 4,270 KRW (overvalued). Cautious scenario 1,399 KRW, optimistic scenario 2,502 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of M2I Corporation (347890)?
M2I Corporation reported trailing-twelve-month revenue of about 36.2B KRW (latest available figure, as of Sep 24, 2026).
Does M2I Corporation pay a dividend?
M2I Corporation currently shows a dividend yield of about 1.41% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of M2I Corporation (347890)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For M2I Corporation it is 2,422 KRW per share (as of Sep 24, 2026), against a price of 4,270 KRW. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is M2I Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 347890 trades above its calculated fair value: price 4,270 KRW, fair value 2,422 KRW, a gap of about −43% (overvalued). 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 347890?
No. The price is what the market pays today (4,270 KRW); the fair value is what the company's own numbers justify (2,422 KRW). For M2I Corporation the two are 1,848 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is M2I Corporation worth?
The market values M2I Corporation at about 69.1B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 4,270 KRW; our models calculate a fair value of 2,422 KRW per share.
What do the bullish and bearish scenarios say about 347890?
Our models span a range for M2I Corporation: cautious scenario 1,399 KRW, base 2,422 KRW, optimistic 2,502 KRW per share (as of Sep 24, 2026, price 4,270 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of M2I Corporation (347890)?
Balance-sheet figures for M2I Corporation (as of Sep 24, 2026): return on equity 8.6%, debt of 0.06 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 347890 from its 52-week high?
M2I Corporation trades at 4,270 KRW, about 42% below its 52-week high of 7,380 KRW and 8% above the low of 3,950 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 2,422 KRW is for.
Which stocks are comparable to M2I Corporation?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Wiwynn Corporation, 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 M2I Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 4,270 KRW, calculated fair value 2,422 KRW (−43%), Quality Score 42/100, from 10 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 347890 calculated?
We run M2I Corporation through 10 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 2,422 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 13.0 % above its aggregate fair value. M2I Corporation itself currently trades above fair value. 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 M2I Corporation (347890)?
The closing price on Sep 23, 2026 was 4,270 KRW. Our model-based fair value is 2,422 KRW, about −43% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with M2I Corporation right now?
The price sits above even our optimistic bull case (2,502 KRW). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of M2I Corporation

How large is the market capitalisation of M2I Corporation (347890)?
The market capitalisation of M2I Corporation is 69.1B KRW (≈ $50.8M). 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 M2I Corporation (347890)?
The price-to-sales ratio of M2I Corporation is 1.91 (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 M2I Corporation (347890)?
The dividend yield of M2I Corporation is 1.4%. 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 M2I Corporation (347890)?
The net margin of M2I Corporation is 2.7% (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 M2I Corporation (347890)?
The return on equity (ROE) of M2I Corporation is 8.6% (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 M2I Corporation (347890)?
On an EBIT basis the return on assets of M2I Corporation is 8.4% (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 M2I Corporation (347890)?
The operating margin of M2I Corporation is 12.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at M2I Corporation (347890)?
Revenue at M2I Corporation is growing −3.1% versus a year earlier (3y avg +14.3%). 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 M2I Corporation (347890)?
Earnings per share at M2I Corporation are growing −16.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does M2I Corporation (347890) generate?
The free cash flow of M2I Corporation is −1.9B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does M2I Corporation (347890) carry?
The net debt of M2I Corporation is 21.6B KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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