MX On CORPORATION (347890) Fair Value & Analysis
Technology · KR · Market cap 69.3B KRW
Fair value as of: Jul 21, 2026
From 10 valuation models · updated 21 days ago
Fair value updated Jul 21, 2026, revised from 1,878 KRW to 1,872 KRW (−0.3%) since Jul 9, 2026. Share price +10.1% over the past month.
Below-average quality, and screening another 59% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (2,729 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.
- A fairly wide model range (1,338 KRW to 2,729 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 Jul 21, 2026.
How to read this chart
60‑month range 3,950 KRW – 10,629 KRW · fair‑value band 1,338 KRW – 2,729 KRW · the 4,620 KRW price screens above the 1,872 KRW fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
MX On CORPORATION (347890) currently trades at 4,620 KRW, while our model-based Fair Value estimate is 1,872 KRW, implying the stock looks roughly 59.5% overvalued today. The Quality Score stands at 42/100 (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: medium).
Over the trailing twelve months, MX On CORPORATION generated revenue of 36.2B KRW at a net margin of 17.2%. Revenue declined 3.1% year over year. It earns a return on equity of 8.6%. Net debt stands at 21.6B KRW. Fundamentals as of Jul 21, 2026
Our scenario range runs from 1,338 KRW (bear case) to 2,729 KRW (bull case); at 4,620 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 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -59%, 347890 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.
All 10 models by family
Widest divergence: DCF Models (5,301 KRW) versus Earnings-Based (1,782 KRW). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 38 · Market factors (momentum, volatility) 30
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
MX On 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.
347890 screens 59% overvalued. Compare with Compal Electronics, Inc →
Peer Group
Computer Hardware · 215 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Compal Electronics, Inc CEIR | $0.0310 | $0.0276 | -11% |
| Dell Technologies Inc DELL | $434.97 | $163.87 | -62% |
| Arista Networks, Inc ANET | $168.56 | $43.74 | -74% |
| Western Digital Corporation WDC | $513.84 | $74.05 | -86% |
| Wiwynn Corporation 6669 | 4,685 TWD | 1,559 TWD | -67% |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥34.12 | ¥30.11 | -12% |
| Quanta Computer Inc 2382 | 373.50 TWD | 297.22 TWD | -20% |
| Shenzhen Longsys Electronics Co 301308 | ¥587.60 | ¥60.86 | -90% |
| Lenovo Group 0992 | HK$23.16 | HK$3.07 | -87% |
| Dawning Information Industry Co 603019 | ¥106.13 | ¥28.88 | -73% |
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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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