Xplus Inc (373200) Fair Value & Analysis
Technology · KR · Market cap 45.6B KRW (≈ $31.9M) · ISIN KR7373200005
Risks
Fair value as of: Aug 27, 2026
From 1 valuation models · updated yesterday
Share price +14.9% over the past month.
Below-average quality, and trading another 230% above our fair value.
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 (821.56 KRW). The favourable scenario is already priced in.
- Weak quality (31/100) 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 (410.78 KRW to 821.56 KRW) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range 1,312 KRW – 22,713 KRW · fair‑value band 410.78 KRW – 821.56 KRW · the 1,818 KRW price screens above the 550.44 KRW fair value. Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Xplus Inc (373200) currently trades at 1,818 KRW, while our model-based Fair Value estimate is 550.44 KRW, implying the stock looks roughly 69.7% overvalued today. The Quality Score stands at 31/100 (below-average 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: low).
Over the trailing twelve months, Xplus Inc generated revenue of 12.9B KRW at a net margin of -35.7%. Revenue grew 243.1% year over year. It earns a return on equity of -26.3%. Net debt stands at 22.1B KRW. Fundamentals as of Aug 27, 2026
Our scenario range runs from 410.78 KRW (bear case) to 821.56 KRW (bull case); at 1,818 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 67% below its 52-week high and 49% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -37% fair-value upside, at -70%, 373200 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.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 33 · Market factors (momentum, volatility) 17
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
Xplus Inc. manufactures and sells mobile IT device accessories in South Korea and internationally. The company offers covers, wireless chargers, earphone cases, etc. Xplus Inc. was founded in 2005 and is headquartered in Seoul, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Xplus Inc reported revenue of 10.1B KRW in FY2025 versus 14.1B KRW in FY2021, a compound −8.1%/yr. Reported net income was −2.1B KRW in FY2025.
373200 screens 70% overvalued. Compare with SAP SE →
Peer Group
Software - Application · 727 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.
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: 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.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SAP SE SAP | €189.88 | €169.59 | -11% |
| Shopify Inc SHOP | C$209.78 | C$28.76 | -86% |
| Uber Technologies, Inc UBER | $78.49 | $43.66 | -44% |
| Salesforce, Inc CRM | $205.62 | $249.28 | +21% |
| ServiceNow, Inc NOW | $125.80 | $43.73 | -65% |
| Cadence Design Systems, Inc CDNS | $334.68 | $112.57 | -66% |
| Snowflake Inc SNOW | $315.37 | $42.27 | -87% |
| Adobe Inc ADBE | $273.47 | $454.04 | +66% |
| Automatic Data Processing, Inc ADP | $281.39 | $177.51 | -37% |
| Intuit Inc INTU | $345.88 | $363.46 | +5% |
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Frequently asked questions
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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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