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CrowdWorks, Inc. (355390) Fair Value & Analysis

Technology · KR · Market cap 25.3B KRW (≈ $17.7M)

What is CrowdWorks, Inc. really worth?

CI CrowdWorks, Inc. 355390 · KQ
Price1,323 KRW
Fair Value160.27 KRW
Upside−87.9%
Quality12/100

Below-average quality, and trading another 726% above our fair value of 160.27 KRW.

As of Aug 22, 2026, the fair value of CrowdWorks, Inc. is 160.27 KRW per share against a price of 1,323 KRW, so the fair value sits 88% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Weak Growth (revenue 3y −4.1 %/yr)
!Loss-making · -179.8% net margin
!Low debt · negative free cash flow
!Trails peers (2/8)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 105.77 KRW – 200.33 KRW

Fair value as of: Aug 22, 2026

From 1 valuation models · updated 15 days ago

Share price −33.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (200.33 KRW). The favourable scenario is already priced in.
  • Weak quality (12/100) 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.
  • A fairly wide model range (105.77 KRW to 200.33 KRW) leaves room in how you read the outcome.

Price vs Fair Value (3 years)

31,747 KRW 1,219 KRW Fair Value 160.27 KRW Sep 2023 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

36‑month range 1,219 KRW – 31,747 KRW · fair‑value band 105.77 KRW – 200.33 KRW · the 1,323 KRW price screens above the 160.27 KRW fair value. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

CrowdWorks, Inc. (355390) currently trades at 1,323 KRW, while our model-based Fair Value estimate is 160.27 KRW, implying the stock looks roughly 725.8% overvalued today. The Quality Score stands at 12/100 (below-average quality), in the Technology sector. How firm this estimate is: it rests on 1 models at a data quality of 93/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at 11.4B KRW. Revenue grew 50.0% year over year. Net debt stands at 8.1B KRW. Fundamentals as of Aug 22, 2026

Our scenario range runs from 105.77 KRW (bear case) to 200.33 KRW (bull case); at 1,323 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. For context, the median of 10 Technology peers we cover trades at −32% fair-value upside, at −88%, 355390 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
NCAV (Graham) best evidence 541.78 KRW 725.98 KRW 1,084 KRW 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence 541.78 KRW 725.98 KRW 1,084 KRW 54

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Key figures & financial health

P/S ratio 4.00 TTM
Net margin −180% TTM
Return on equity −144% TTM
Return on assets (EBIT) −25.9% avg 5y
Operating margin −75.8% TTM
Revenue (TTM) 11.4B KRW TTM
More key figures
Growth
Revenue growth (YoY) +50.0% 3y avg −4.1%
Balance sheet & cash flow
Free cash flow −11.3B KRW FY2025
Net debt 8.1B KRW FY2025

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

Quality Score breakdown

Overall quality 12/100

Of which business quality 16 · Market factors (momentum, volatility) 15

Profitability 11
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Crowdworks, Inc. develops online crowd sourcing platform for artificial intelligent, which engages in collecting, strengthening, and structuring leaning data for machine learning. The company offers its services for analysis and classifying of image works, text works, voice works, and survey works.

Full company description

Crowdworks, Inc. develops online crowd sourcing platform for artificial intelligent, which engages in collecting, strengthening, and structuring leaning data for machine learning. The company offers its services for analysis and classifying of image works, text works, voice works, and survey works. It offers a crowdsourcing marketplace where individuals divide work to achieve high-quality AI training data. The company was founded in 2017 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CrowdWorks, Inc. reported revenue of 10.5B KRW in FY2025 versus 8.7B KRW in FY2021, a compound +4.8%/yr. Reported net income was −21.2B KRW in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
10.5B KRW
Latest YoY
−12.7%
Avg. revenue 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.
−4.1%
EBIT margin (trend) 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.
−61.2% (2021) → −127.5% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +4.8%/yr
FY21 8.7B KRW
FY22 11.9B KRW
FY23 24.0B KRW
FY24 12.0B KRW
FY25 10.5B KRW
Net income
FY21 −24.6B KRW
FY22 −13.5B KRW
FY23 −9.6B KRW
FY24 −8.8B KRW
FY25 −21.2B KRW

355390 screens 726% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "CrowdWorks, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/355390

Peer Group

Software - Infrastructure · 368 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 16 · Bottom 25%
Fair Value upside −88% · Bottom 25%
Return on assets −24% · Bottom 25%
Net margin (TTM) −180% · Bottom 25%
Operating margin (TTM) −76% · Bottom 25%
Revenue growth 50% · Top 25%

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 49
PAST0 · sector 15
HEALTH100 · sector 98
DIVIDEND0 · sector 25

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

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $480.35 $365.74 −24%
Oracle Corporation ORCL $151.94 $117.84 −22%
Fortinet, Inc FTNT $166.00 $61.46 −63%
Synopsys, Inc SNPS $442.61 $101.19 −77%
Block, Inc XYZ A$111.01 A$70.69 −36%
CoreWeave, Inc CRWV $105.26 $71.79 −32%
NetApp, Inc NTAP $190.64 $154.83 −19%
Adyen N.V ADYEN €1,007 €707.53 −30%
MongoDB, Inc MDB $440.58 $93.91 −79%
Okta, Inc OKTA $166.23 $30.50 −82%

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Frequently asked questions

Is CrowdWorks, Inc. (355390) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of 160.27 KRW versus a price of 1,323 KRW, about −88% upside (overvalued).
What is the fair value of 355390?
Our model-based fair value for CrowdWorks, Inc. is 160.27 KRW (as of Aug 22, 2026), built from audited fundamentals. The current price: 1,323 KRW.
What is the quality score of 355390?
CrowdWorks, Inc. has a Quality Score of 12/100. 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 CrowdWorks, Inc. (355390)?
Our model-based price target is the fair value of 160.27 KRW (as of Aug 22, 2026) from 1 valuation models. Cautious scenario 105.77 KRW, optimistic scenario 200.33 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the CrowdWorks, Inc. stock forecast for 2026?
Our models put fair value at 160.27 KRW, about −88% upside versus a price of 1,323 KRW (overvalued). Cautious scenario 105.77 KRW, optimistic scenario 200.33 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of CrowdWorks, Inc. (355390)?
CrowdWorks, Inc. reported trailing-twelve-month revenue of about 11.4B KRW (latest available figure, as of Aug 22, 2026).
What is the net profit margin of 355390?
The net profit margin of CrowdWorks, Inc. is about −179.8%, meaning it is currently running at a net loss. Based on the latest reported figures.
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