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WITHTECH Co (348350) Fair Value & Analysis

Technology · KR · Market cap 93.9B KRW

WC WITHTECH Co 348350 · KQ
Price9,390 KRW
Fair Value8,149 KRW
Upside-13.2%
Quality73/100
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Weak Growth
Solidly profitable · 17.7% net margin
Low debt · generates free cash flow
10.55% dividend yield
Ranks above peers (7/10)
Narrow moat 37/100
Evidence: High Range 6,837 KRW – 9,969 KRW Share as image

Fair value as of: Jul 22, 2026

From 25 valuation models · updated 19 days ago

Share price +4.3% over the past month.

A solid business, but screening 13% overvalued on our models.

What matters now

  • Our model range runs from 6,837 KRW (bear) to 9,969 KRW (bull), base 8,149 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 73/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

28,467 KRW 6,241 KRW Fair Value 8,149 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 6,241 KRW – 28,467 KRW · fair‑value band 6,837 KRW – 9,969 KRW · the 9,390 KRW price screens above the 8,149 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

WITHTECH Co (348350) currently trades at 9,390 KRW, while our model-based Fair Value estimate is 8,149 KRW, implying the stock looks roughly 13.2% overvalued today. The Quality Score stands at 73/100 (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, WITHTECH Co generated revenue of 56.6B KRW at a net margin of 17.7%. Revenue declined 14.3% year over year. It earns a return on equity of 8.1%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 6,837 KRW (bear case) to 9,969 KRW (bull case); at 9,390 KRW, the current price sits within 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 34% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -13%, 348350 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 13,949 KRW 18,377 KRW 24,421 KRW 80
Residual Income 9,907 KRW 9,979 KRW 9,548 KRW 76
Rev-Margin DCF 9,650 KRW 12,377 KRW 15,357 KRW 74
All 25 models by family
DCF Models
FCF DCF 13,634 KRW 18,396 KRW 25,185 KRW 38
Owner Earnings 10,482 KRW 13,846 KRW 18,641 KRW 31
5Y Revenue Exit 9,650 KRW 12,205 KRW 15,263 KRW 39
5Y EBITDA Exit 8,401 KRW 9,984 KRW 11,658 KRW 41
5Y P/E Exit 10,658 KRW 13,998 KRW 17,282 KRW 38
10Y Revenue Exit 10,908 KRW 13,470 KRW 16,497 KRW 36
10Y EBITDA Exit 10,265 KRW 11,969 KRW 13,871 KRW 37
10Y P/E Exit 11,675 KRW 14,681 KRW 17,968 KRW 35
Earnings-Based
Graham-Dodd 4,484 KRW 10,509 KRW 13,520 KRW 54
PEG = 1.0 1,800 KRW 2,572 KRW 3,343 KRW 46
EPV 6,284 KRW 6,848 KRW 7,342 KRW 59
Dividend Discount
Gordon GGM 679.76 KRW 1,165 KRW 1,756 KRW 70
DDM Multi-Stage 679.76 KRW 1,006 KRW 1,366 KRW 61
Multiples
P/E Multiple 6,924 KRW 9,232 KRW 11,540 KRW 63
P/S Multiple 5,323 KRW 7,098 KRW 8,872 KRW 58
P/B Multiple 8,407 KRW 11,210 KRW 14,012 KRW 55
EV/EBIT 6,837 KRW 8,149 KRW 9,461 KRW 53
EV/EBITDA 5,777 KRW 6,736 KRW 7,695 KRW 54
EV/Revenue 7,677 KRW 9,723 KRW 11,770 KRW 43
Asset-Based
NCAV (Graham) 6,471 KRW 8,672 KRW 12,943 KRW 50
Growth DCF
Growth DCF 13,949 KRW 18,377 KRW 24,421 KRW 80
Rev-Margin DCF 9,650 KRW 12,377 KRW 15,357 KRW 74
Economic Profit
Residual Income 9,907 KRW 9,979 KRW 9,548 KRW 76
ROIC Compounder 6,284 KRW 6,848 KRW 7,342 KRW 72
Growth Earnings
Growth-Adj P/E 5,416 KRW 7,738 KRW 10,059 KRW 68

Widest divergence: DCF Models (13,470 KRW) versus Dividend Discount (1,006 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 56.6B KRW
Revenue growth (YoY) -14.3%
Net margin 17.7%
Return on equity 8.1%
Free cash flow 9.8B KRW FY2025
Operating margin -26.2%
More key figures
Dividend yield 2.4%
EPS growth (YoY) +15.2%

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

Quality Score breakdown

Overall quality 73/100

Of which business quality 73 · Market factors (momentum, volatility) 34

Profitability 32
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 86
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

WITHTECH Co., LTD. provides solutions for manufacturing environment, and process pollution and management in materials and utilities in semiconductor and display industries in South Korea.

Full company description

WITHTECH Co., LTD. provides solutions for manufacturing environment, and process pollution and management in materials and utilities in semiconductor and display industries in South Korea. It offers environment monitoring products, including ammonia, acid gas, total AMCs, ozone, TVOC, fast multi organic gas, and highly concentrated organic gas monitoring systems, as well as individual/multi-gas sensors and monitoring systems; utility monitoring products, such as metal and ion monitoring systems; process monitoring products comprising FOUP and wafer contamination monitoring systems, as well as FOUP cleaners; and industrial environment monitoring products, including emission gas and effluent monitoring systems. It also provides radionuclide separation and extraction products; and offers inorganic, organic, metal, and radionuclide analysis and consulting services. The company was founded in 2003 and is based in Daejeon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WITHTECH Co reported revenue of 57.8B KRW in FY2025 versus 68.3B KRW in FY2021, a compound −4.1%/yr. Reported net income was 6.4B KRW in FY2025, compounding −12.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
57.8B KRW
Latest YoY
+32.5%
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.
−7.3%
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.
+0.8%
Avg. growth/yr (7Y) 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.
+4.2%
Revenue −4.1%/yr
FY21 68.3B KRW
FY22 72.6B KRW
FY23 49.6B KRW
FY24 43.6B KRW
FY25 57.8B KRW
Net income −12.3%/yr
FY21 10.9B KRW
FY22 12.2B KRW
FY23 6.3B KRW
FY24 7.1B KRW
FY25 6.4B KRW

348350 screens 13% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "WITHTECH Co Fair Value". https://www.fairvalue-calculator.com/stock/348350

Peer Group

Semiconductor Equipment & Materials · 212 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 73 · Top 25%
Fair Value upside −13% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 2% · Below median
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) -26% · Bottom 25%
Revenue growth -14% · Bottom 25%
Dividend yield (TTM) 10.6% · Top 25%

Valuation Multiples vs Semiconductor Equipment & Materials 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 16 · sector 0
FUTURE 0 · sector 58
PAST 33 · sector 30
HEALTH 100 · sector 96
DIVIDEND 100 · sector 16

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is WITHTECH Co (348350) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 8,149 KRW versus a price of 9,390 KRW, about −13% (overvalued).
What is the fair value of 348350?
Our model-based fair value for WITHTECH Co is 8,149 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 9,390 KRW.
What is the quality score of 348350?
WITHTECH Co has a Quality Score of 73/100. 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 WITHTECH Co (348350)?
WITHTECH Co reported trailing-twelve-month revenue of about 56.6B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 348350?
The net profit margin of WITHTECH Co is about 17.7%, meaning it keeps roughly 17.7% of revenue as net income. Based on the latest reported figures.
Does WITHTECH Co pay a dividend?
WITHTECH Co currently shows a dividend yield of about 2.38% relative to its recent price (as of Jul 22, 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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