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VC Inc (365900) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 18.9B KRW

VI VC Inc 365900 · KQ
Price2,475 KRW
Fair Value1,682 KRW
Upside-32.0%
Quality51/100
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Mixed Growth
Thin margins · 9.1% net margin
Low debt · generates free cash flow
Ranks above peers (5/8)
Narrow moat 36/100
Evidence: Medium Range 1,550 KRW – 1,873 KRW Share as image

Fair value as of: Jul 21, 2026

From 9 valuation models · updated 21 days ago

Share price −1.4% over the past month.

A solid business, but screening 32% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,873 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (4 years)

15,600 KRW 2,305 KRW Fair Value 1,682 KRW Feb 2022 Aug 2026

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

53‑month range 2,305 KRW – 15,600 KRW · fair‑value band 1,550 KRW – 1,873 KRW · the 2,475 KRW price screens above the 1,682 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

VC Inc (365900) currently trades at 2,475 KRW, while our model-based Fair Value estimate is 1,682 KRW, implying the stock looks roughly 32.0% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical 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, VC Inc generated revenue of 55.6B KRW at a net margin of 9.1%. Revenue declined 6.7% year over year. Net debt stands at 23.1B KRW. Fundamentals as of Jul 21, 2026

Our scenario range runs from 1,550 KRW (bear case) to 1,873 KRW (bull case); at 2,475 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 43% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 45% fair-value upside, at -32%, 365900 screens richer 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 1,482 KRW 1,599 KRW 1,758 KRW 80
EV/EBITDA 2,315 KRW 2,687 KRW 3,059 KRW 54
NCAV (Graham) 2,429 KRW 3,255 KRW 4,858 KRW 50
All 9 models by family
DCF Models
FCF DCF 1,475 KRW 1,601 KRW 1,782 KRW 38
5Y Revenue Exit 1,439 KRW 1,558 KRW 1,705 KRW 39
5Y EBITDA Exit 1,925 KRW 2,429 KRW 3,000 KRW 41
10Y Revenue Exit 1,443 KRW 1,552 KRW 1,688 KRW 36
10Y EBITDA Exit 1,754 KRW 2,143 KRW 2,639 KRW 37
Multiples
EV/EBITDA 2,315 KRW 2,687 KRW 3,059 KRW 54
EV/Revenue 1,432 KRW 1,532 KRW 1,631 KRW 43
Asset-Based
NCAV (Graham) 2,429 KRW 3,255 KRW 4,858 KRW 50
Growth DCF
Growth DCF 1,482 KRW 1,599 KRW 1,758 KRW 80

Widest divergence: Asset-Based (3,255 KRW) versus Multiples (1,532 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 55.6B KRW
Revenue growth (YoY) -6.7%
Net margin 9.1%
Return on equity -1,395%
Free cash flow 196M KRW FY2025
Operating margin 6.1%
More key figures
EPS growth (YoY) -60.4%
Net debt 23.1B KRW FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 46 · Market factors (momentum, volatility) 11

Profitability 19
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 11
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 82
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

VC Inc. manufactures and sells wireless communication devices and parts for golf courses in South Korea. It offers range finders, such as digital yardage books, watches, laser type products, and phonetic products; launch monitors; and various accessories. The company was founded in 2005 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

VC Inc reported revenue of 46.9B KRW in FY2025 versus 53.7B KRW in FY2021, a compound −3.3%/yr. Reported net income was −3.0B KRW in FY2025.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
46.9B KRW
Latest YoY
+6.3%
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.
−4.8%
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.
+2.9%
Avg. growth/yr (6Y) 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.
+5.5%
Revenue −3.3%/yr
FY21 53.7B KRW
FY22 54.3B KRW
FY23 37.2B KRW
FY24 44.1B KRW
FY25 46.9B KRW
Net income
FY21 7.0B KRW
FY22 1.4B KRW
FY23 −12.0B KRW
FY24 −5.9B KRW
FY25 −3.0B KRW

365900 screens 32% overvalued. Compare with GOLFZON NEWDIN HOLDINGS Co →

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Cite: Fair Value Calculator (2026). "VC Inc Fair Value". https://www.fairvalue-calculator.com/stock/365900

Peer Group

Consumer Discretionary · 3551 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Leisure Products” was too small, so the broader sector is used.)

Quality Score 51 · Below median
Fair Value upside −32% · Below median
Return on assets 3% · Above median
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 6% · Above median
Revenue growth -7% · Below median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Consumer Discretionary median · lower = cheaper

P/FCF 0.1× · 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 0 · sector 22
FUTURE 0 · sector 14
PAST 0 · sector 21
HEALTH 99 · sector 96
DIVIDEND 0 · sector 41

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Leisure Products stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
GOLFZON NEWDIN HOLDINGS Co 121440 6,650 KRW 10,283 KRW +55%
Aurora World Corporation 039830 18,740 KRW 35,062 KRW +87%
Innox Corporation 088390 6,790 KRW 15,804 KRW +133%
SONOKONG Co 066910 2,500 KRW 644.60 KRW -74%
Toyota Motor Corporation TMN 3,052 MXN 4,134 MXN +35%
Hyundai Motor Company 005380 425,000 KRW 616,918 KRW +45%
Maruti Suzuki India Limited MARUTI ₹13,803 ₹8,236 -40%
Kia Corporation 000270 145,000 KRW 350,994 KRW +142%
Bajaj Auto Limited BAJAJAUTO ₹10,381 ₹4,730 -54%
Hyundai Mobis Co 012330 482,000 KRW 678,420 KRW +41%

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Frequently asked questions

Is VC Inc (365900) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 1,682 KRW versus a price of 2,475 KRW, about −32% (overvalued).
What is the fair value of 365900?
Our model-based fair value for VC Inc is 1,682 KRW (as of Jul 21, 2026), built from audited fundamentals. The current price is 2,475 KRW.
What is the quality score of 365900?
VC Inc has a Quality Score of 51/100. 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 VC Inc (365900)?
VC Inc reported trailing-twelve-month revenue of about 55.6B KRW (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 365900?
The net profit margin of VC Inc is about 9.1%, meaning it keeps roughly 9.1% of revenue as net income. Based on the latest reported figures.

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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