WithTech Inc. (348350) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of WithTech Inc. KRW 14,405, price KRW 9,290, upside +55.1%, quality 73 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
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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.
Stock analysis
WithTech Inc. (348350) currently trades at 9,290 KRW, while our model-based Fair Value estimate is 14,405 KRW, implying the stock looks roughly 35.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 14,704 KRW per share, and 18 of the 25 models we run sit above the 9,290 KRW price.
Bear case: the Earnings-Based group reads lowest at 5,743 KRW, and 7 of the 25 models stay below the price. Evidence for this calculation is medium.
Scenario range: 11,529 KRW (bear) to 17,281 KRW (bull), the price of 9,290 KRW sits below 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 73/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
WithTech Inc. 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.
Key figures
Market cap 90.8B KRW (≈ $66.7M) · P/S ratio 1.66 · Dividend yield 10.8% · Net margin 11.1% · Return on equity 8.1% · Return on assets (EBIT) 4.5% · Operating margin −26.2% · Revenue (TTM) 56.6B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 34% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −22% fair-value upside, at 55%, 348350 screens cheaper than that median.
Fair Value models
Bear 11,529 KRWFair Value 14,405 KRWBull 17,281 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.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+32.5%
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.
−7.3%
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.
+0.8%
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.
+4.2%
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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.
+1.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.2%
Dividend (yield on the price)10.8%
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.16% → 9%
⚠ Revenue per share shrinking 2.0%/yr over ~5Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−22.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −24.1% a year for the price.
Price, fair value, quality and upside side by side.
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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.Semiconductor Equipment & Materials · 219 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "WithTech Inc. Fair Value". https://www.fairvalue-calculator.com/stock/348350
Frequently asked questions
Is WithTech Inc. (348350) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 14,405 KRW versus a price of 9,290 KRW, about +55% upside (undervalued).
What is the fair value of 348350?
Our model-based fair value for WithTech Inc. is 14,405 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 9,290 KRW.
What is the quality score of 348350?
WithTech Inc. 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 price target for WithTech Inc. (348350)?
Our model-based price target is the fair value of 14,405 KRW (as of Sep 24, 2026) from 25 valuation models. Cautious scenario 11,529 KRW, optimistic scenario 17,281 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the WithTech Inc. stock forecast for 2026?
Our models put fair value at 14,405 KRW, about +55% upside versus a price of 9,290 KRW (undervalued). Cautious scenario 11,529 KRW, optimistic scenario 17,281 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of WithTech Inc. (348350)?
WithTech Inc. reported trailing-twelve-month revenue of about 56.6B KRW (latest available figure, as of Sep 24, 2026).
Does WithTech Inc. pay a dividend?
WithTech Inc. currently shows a dividend yield of about 10.76% relative to its recent price (as of Sep 24, 2026).
What growth is priced into WithTech Inc. (348350)?
For today's price to be fair in a discounted-cash-flow model, WithTech Inc. would have to grow free cash flow by -22.5 % per year for five years (discount rate 12.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 348350 use?
Our models discount WithTech Inc. at 12.3 %: a base by market capitalisation (micro), damped by beta 0.74, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For WithTech Inc. that is -22.5 % per year a year over ten years, using the same discount rate (12.3 %) and the same formula as our fair value.
How much growth has WithTech Inc. (348350) delivered so far?
Over the past 5 years revenue at WithTech Inc. grew +0.8 % a year. The price currently implies -22.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of WithTech Inc. (348350) growing?
The median revenue growth in the sector is +1.9 % a year. That is the yardstick for the growth priced into WithTech Inc. (-22.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of WithTech Inc. (348350)?
The free-cash-flow yield on the price is 10.84 %: that much free cash flow WithTech Inc. produces per unit of market value. When it exceeds the discount rate of our models (12.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of WithTech Inc. (348350)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WithTech Inc. it is 14,405 KRW per share (as of Sep 24, 2026), against a price of 9,290 KRW. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is WithTech Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 348350 trades below its calculated fair value: price 9,290 KRW, fair value 14,405 KRW, a gap of about +55% (undervalued). 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 348350?
No. The price is what the market pays today (9,290 KRW); the fair value is what the company's own numbers justify (14,405 KRW). For WithTech Inc. the two are 5,115 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is WithTech Inc. worth?
The market values WithTech Inc. at about 90.8B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 9,290 KRW; our models calculate a fair value of 14,405 KRW per share.
What do the bullish and bearish scenarios say about 348350?
Our models span a range for WithTech Inc.: cautious scenario 11,529 KRW, base 14,405 KRW, optimistic 17,281 KRW per share (as of Sep 24, 2026, price 9,290 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of WithTech Inc. (348350)?
Balance-sheet figures for WithTech Inc. (as of Sep 24, 2026): return on equity 8.1%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is 348350 from its 52-week high?
WithTech Inc. trades at 9,290 KRW, about 23% below its 52-week high of 12,000 KRW and 34% above the low of 6,940 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 14,405 KRW is for.
Which stocks are comparable to WithTech Inc.?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA 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 WithTech Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price 9,290 KRW, calculated fair value 14,405 KRW (+55%), Quality Score 73/100, from 25 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 348350 calculated?
We run WithTech Inc. through 25 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 14,405 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 14.0 % above its aggregate fair value. WithTech Inc. currently trades 55 % below its own fair value, and the market average says nothing about that. 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 WithTech Inc. (348350)?
The closing price on Sep 23, 2026 was 9,290 KRW. Our model-based fair value is 14,405 KRW, about +55% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WithTech Inc. right now?
The rarer combination: high quality (73/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (11,529 KRW). The market is more pessimistic than our downside scenario.
Key figures of WithTech Inc.
How large is the market capitalisation of WithTech Inc. (348350)?
The market capitalisation of WithTech Inc. is 90.8B KRW (≈ $66.7M). 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 WithTech Inc. (348350)?
The price-to-sales ratio of WithTech Inc. is 1.66 (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 WithTech Inc. (348350)?
The dividend yield of WithTech Inc. is 10.8%. 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 WithTech Inc. (348350)?
The net margin of WithTech Inc. is 11.1% (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 WithTech Inc. (348350)?
The return on equity (ROE) of WithTech Inc. is 8.1% (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 WithTech Inc. (348350)?
On an EBIT basis the return on assets of WithTech Inc. is 4.5% (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 WithTech Inc. (348350)?
The operating margin of WithTech Inc. is −26.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WithTech Inc. (348350)?
Revenue at WithTech Inc. is growing −14.3% versus a year earlier (3y avg −7.3%). 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 WithTech Inc. (348350)?
Earnings per share at WithTech Inc. are growing +15.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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