EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

BitNine Co. Ltd. (357880) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of BitNine Co. Ltd. KRW 2,911, price KRW 1,937, upside +50.3%, quality 28 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Technology · KR · ISIN KR7357880004

BC Thin data Sep 24, 2026

BitNine Co. Ltd.

357880 · KQ

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value 2,911 KRW · Strongly undervalued (+50%)
!Quality 28/100
!Weak Growth (revenue 5y +6.2 %/yr)
!Loss-making · -100.5% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (3/8)
!Narrow moat 3/100
!Evidence only low, so the estimate is less certain
Watch BitNine Co. Ltd. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

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

12,085 KRW 1,316 KRW Fair Value 2,911 KRW Nov 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

58‑month range 1,316 KRW – 12,085 KRW · fair‑value band 1,923 KRW – 3,653 KRW · the 1,937 KRW price screens below the 2,911 KRW fair value. Dashed = 300-day average. As of Sep 24, 2026.

Follow BitNine Co. in your weekly email

Every Wednesday you see whether BitNine Co. is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

SKAI worldwide Co., Ltd. engages in graph database solutions based on graph technology and software business in South Korea. It offers AgensSQL, a software that provides technical support for modification and development; and AgensGraph, an enterprise graph database management system that stores and manages various data.

Show more

SKAI worldwide Co., Ltd. engages in graph database solutions based on graph technology and software business in South Korea. It offers AgensSQL, a software that provides technical support for modification and development; and AgensGraph, an enterprise graph database management system that stores and manages various data. It also provides products including Graph RAG, an AI marketing solution, Gen-AI video production; and Ontovia, a next-generation enterprise AI solution. The company was formerly known as Bitnine Co, Ltd. and changed its name to SKAI worldwide Co., Ltd. in January 2025. SKAI worldwide Co., Ltd. was founded in 2013 and is headquartered in Seoul, South Korea.

Stock analysis

BitNine Co. Ltd. (357880) currently trades at 1,937 KRW, while our model-based Fair Value estimate is 2,911 KRW, implying the stock looks roughly 33.5% undervalued today.

Show more

Valuation

How firm this estimate is: it rests on 1 models at a data quality of 92/100, which puts the evidence level at low.

Scenario range: 1,923 KRW (bear) to 3,653 KRW (bull), the price of 1,937 KRW sits inside 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 28/100 (below-average 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.

BitNine Co. Ltd. reported revenue of 15.6B KRW in FY2025 versus 16.4B KRW in FY2021, a compound −1.2%/yr. Reported net income was −14.8B KRW in FY2025.

Key figures

Market cap 122B KRW (≈ $89.6M) · P/S ratio 7.25 · Net margin −94.8% · Return on equity −125% · Return on assets (EBIT) −15.1% · Operating margin −51.4% · Revenue (TTM) 16.8B KRW · Revenue growth (YoY) +57.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).

What moves the price

The share trades about 67% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at 50%, 357880 screens cheaper than that median.

Fair Value models

Bear 1,923 KRW Fair Value 2,911 KRW Bull 3,653 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
NCAV (Graham) 123.69 KRW 165.75 KRW 247.38 KRW 54
All 1 models by family
Asset-Based
NCAV (Graham) 123.69 KRW 165.75 KRW 247.38 KRW 54

Open the full fair value analysis →

Notify me when 357880 reaches fair value

Put 357880 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 28/100

Of which business quality 28 · Market factors (momentum, volatility) 21

Profitability 12
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 16
Share count: buybacks or dilution?

Open the full quality analysis →

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. 20/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−21.2%
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.
−6.6%
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.
+6.2%
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.
+1.9%
Profit 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.
−7.4% (2020) → −28.1% (2025)
What shareholders gained per year ⓘ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

Watch 357880, get fair value alerts →

Compare BitNine Co. Ltd. with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Software - Infrastructure · 383 stocks

Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 28 · Bottom 25%
Fair Value upside +50% · Top 25%
Profitability
Return on assets −7% · Bottom 25%
Net margin (TTM) −101% · Bottom 25%
Operating margin (TTM) −51% · Bottom 25%
Growth and dividend
Revenue growth 57% · Top 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 15
FUTURE (revenue growth)100 · sector 48
PAST (return on equity)0 · sector 18
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)0 · sector 33

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

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $500.59 $550.65 +10%
Palantir Technologies Inc PLTR $192.59 $42.16 −78%
Oracle Corporation ORCL $139.54 $112.26 −20%
Palo Alto Networks, Inc PANW $374.57 $114.50 −69%
CrowdStrike Holdings CRWD $259.67 $37.31 −86%
Fortinet, Inc FTNT $178.67 $164.68 −8%
Synopsys, Inc SNPS $413.06 $250.04 −39%
Block, Inc XYZ $74.68 $101.29 +36%
CoreWeave, Inc CRWV $86.90 $71.79 −17%
NetApp, Inc NTAP $192.91 $157.18 −19%

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

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.

BitNine Co. Ltd. · Fair Value
2,911 KRW +33%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "BitNine Co. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/357880

Frequently asked questions

Is BitNine Co. Ltd. (357880) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2,911 KRW versus a price of 1,937 KRW, about +50% upside (undervalued).
What is the fair value of 357880?
Our model-based fair value for BitNine Co. Ltd. is 2,911 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,937 KRW.
What is the quality score of 357880?
BitNine Co. Ltd. has a Quality Score of 28/100. 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 BitNine Co. Ltd. (357880)?
Our model-based price target is the fair value of 2,911 KRW (as of Sep 24, 2026) from 1 valuation models. Cautious scenario 1,923 KRW, optimistic scenario 3,653 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the BitNine Co. Ltd. stock forecast for 2026?
Our models put fair value at 2,911 KRW, about +50% upside versus a price of 1,937 KRW (undervalued). Cautious scenario 1,923 KRW, optimistic scenario 3,653 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of BitNine Co. Ltd. (357880)?
BitNine Co. Ltd. reported trailing-twelve-month revenue of about 16.8B KRW (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of BitNine Co. Ltd. (357880)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BitNine Co. Ltd. it is 2,911 KRW per share (as of Sep 24, 2026), against a price of 1,937 KRW. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is BitNine Co. Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 357880 trades below its calculated fair value: price 1,937 KRW, fair value 2,911 KRW, a gap of about +50% (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 357880?
No. The price is what the market pays today (1,937 KRW); the fair value is what the company's own numbers justify (2,911 KRW). For BitNine Co. Ltd. the two are 974.40 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is BitNine Co. Ltd. worth?
The market values BitNine Co. Ltd. at about 122B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 1,937 KRW; our models calculate a fair value of 2,911 KRW per share.
What do the bullish and bearish scenarios say about 357880?
Our models span a range for BitNine Co. Ltd.: cautious scenario 1,923 KRW, base 2,911 KRW, optimistic 3,653 KRW per share (as of Sep 24, 2026, price 1,937 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of BitNine Co. Ltd. (357880)?
Balance-sheet figures for BitNine Co. Ltd. (as of Sep 24, 2026): return on equity −124.6%. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is 357880 from its 52-week high?
BitNine Co. Ltd. trades at 1,937 KRW, about 67% below its 52-week high of 5,790 KRW and 32% above the low of 1,462 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 2,911 KRW is for.
Which stocks are comparable to BitNine Co. Ltd.?
From the same area (Technology) we also value Microsoft Corporation, Palantir Technologies Inc, Oracle Corporation, Palo Alto Networks, Inc, 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 BitNine Co. Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 1,937 KRW, calculated fair value 2,911 KRW (+50%), Quality Score 28/100, from 1 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 357880 calculated?
We run BitNine Co. Ltd. through 1 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 2,911 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. BitNine Co. Ltd. currently trades 50 % 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 BitNine Co. Ltd. (357880)?
The closing price on Sep 23, 2026 was 1,937 KRW. Our model-based fair value is 2,911 KRW, about +50% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BitNine Co. Ltd. right now?
The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain. 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 (1,923 KRW to 3,653 KRW) leaves room in how you read the outcome.

Key figures of BitNine Co. Ltd.

How large is the market capitalisation of BitNine Co. Ltd. (357880)?
The market capitalisation of BitNine Co. Ltd. is 122B KRW (≈ $89.6M). 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 BitNine Co. Ltd. (357880)?
The price-to-sales ratio of BitNine Co. Ltd. is 7.25 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of BitNine Co. Ltd. (357880)?
The net margin of BitNine Co. Ltd. is −94.8% (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 BitNine Co. Ltd. (357880)?
The return on equity (ROE) of BitNine Co. Ltd. is −125% (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 BitNine Co. Ltd. (357880)?
On an EBIT basis the return on assets of BitNine Co. Ltd. is −15.1% (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 BitNine Co. Ltd. (357880)?
The operating margin of BitNine Co. Ltd. is −51.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BitNine Co. Ltd. (357880)?
Revenue at BitNine Co. Ltd. is growing +57.2% versus a year earlier (3y avg −6.6%). 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 BitNine Co. Ltd. (357880)?
Earnings per share at BitNine Co. Ltd. are growing +28.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BitNine Co. Ltd. (357880) generate?
The free cash flow of BitNine Co. Ltd. is −4.3B 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 BitNine Co. Ltd. (357880) carry?
The net debt of BitNine Co. Ltd. is 10.8B 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.
Free · no account needed

Watch BitNine Co. Ltd. in the live analysis

One click puts BitNine Co. Ltd. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.