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Wantedlab, Inc (376980) Fair Value & Analysis

Communication Services · KR · Market cap 22.5B KRW

WI Wantedlab, Inc 376980 · KQ
Price3,325 KRW
Fair Value2,629 KRW
Upside-21.0%
Quality63/100
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Healthy Growth
Thin margins · 2.4% net margin
generates free cash flow
Ranks above peers (6/8)
Narrow moat 24/100
Evidence: High Range 2,145 KRW – 3,112 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 2,633 KRW to 2,629 KRW (−0.2%) since Jul 9, 2026. Share price +40.6% over the past month.

A solid business, but screening 21% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (3,112 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

45,500 KRW 2,090 KRW Fair Value 2,629 KRW Aug 2021 Aug 2026

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

How to read this chart

60‑month range 2,090 KRW – 45,500 KRW · fair‑value band 2,145 KRW – 3,112 KRW · the 3,325 KRW price screens above the 2,629 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Wantedlab, Inc (376980) currently trades at 3,325 KRW, while our model-based Fair Value estimate is 2,629 KRW, implying the stock looks roughly 21.0% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Communication Services 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: high).

Over the trailing twelve months, Wantedlab, Inc generated revenue of 39.1B KRW at a net margin of 2.4%. Revenue grew 12.1% year over year. It earns a return on equity of 2.5%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 2,145 KRW (bear case) to 3,112 KRW (bull case); at 3,325 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 42% below its 52-week high and 63% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -20% fair-value upside, at -21%, 376980 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 3,827 KRW 6,372 KRW 10,809 KRW 72
Growth-Adj P/E 2,039 KRW 2,912 KRW 3,786 KRW 68
Rev-Margin DCF 2,400 KRW 3,407 KRW 4,752 KRW 67
All 24 models by family
DCF Models
FCF DCF 3,875 KRW 6,721 KRW 11,869 KRW 38
Owner Earnings 5,263 KRW 9,353 KRW 16,749 KRW 31
5Y Revenue Exit 2,400 KRW 3,405 KRW 4,727 KRW 39
5Y EBITDA Exit 3,956 KRW 6,706 KRW 10,229 KRW 41
5Y P/E Exit 3,133 KRW 4,958 KRW 7,074 KRW 38
10Y Revenue Exit 2,825 KRW 3,968 KRW 5,665 KRW 36
10Y EBITDA Exit 3,906 KRW 6,427 KRW 10,401 KRW 37
10Y P/E Exit 3,353 KRW 5,125 KRW 7,686 KRW 35
Earnings-Based
Graham-Dodd 971.33 KRW 4,958 KRW 6,851 KRW 54
Lynch FV 1,350 KRW 1,928 KRW 2,507 KRW 50
PEG = 1.0 1,350 KRW 1,928 KRW 2,507 KRW 46
EPV 1,551 KRW 1,694 KRW 1,819 KRW 59
Multiples
P/E Multiple 2,250 KRW 3,000 KRW 3,750 KRW 63
P/S Multiple 1,821 KRW 2,428 KRW 3,035 KRW 58
P/B Multiple 1,821 KRW 2,428 KRW 3,035 KRW 55
EV/EBIT 2,145 KRW 2,629 KRW 3,112 KRW 53
EV/EBITDA 4,230 KRW 5,408 KRW 6,585 KRW 54
EV/Revenue 1,731 KRW 2,174 KRW 2,617 KRW 43
Asset-Based
NCAV (Graham) 2,146 KRW 2,875 KRW 4,291 KRW 50
Growth DCF
Growth DCF 3,827 KRW 6,372 KRW 10,809 KRW 72
Rev-Margin DCF 2,400 KRW 3,407 KRW 4,752 KRW 67
Economic Profit
Residual Income 3,137 KRW 3,062 KRW 2,641 KRW 61
ROIC Compounder 1,551 KRW 1,694 KRW 1,819 KRW 67
Growth Earnings
Growth-Adj P/E 2,039 KRW 2,912 KRW 3,786 KRW 68

Widest divergence: DCF Models (5,125 KRW) versus Economic Profit (1,694 KRW). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 39.1B KRW
Revenue growth (YoY) +12.1%
Net margin 2.4%
Return on equity 2.5%
Free cash flow 2.1B KRW FY2025
Operating margin -11.0%
More key figures
EPS growth (YoY) +389%

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

Quality Score breakdown

Overall quality 63/100

Of which business quality 63 · Market factors (momentum, volatility) 30

Profitability 44
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 89
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

Wantedlab, Inc. operates an AI-powered recruiting platform in South Korea. The company also offers Wanted Space to manage various HR tasks, including attendance, payroll, electronic approval, and contracts through automation; WantedGeeks to connect with the right freelancer through AI matching; and Wanted Insight to manage company information, such as …

Full company description

Wantedlab, Inc. operates an AI-powered recruiting platform in South Korea. The company also offers Wanted Space to manage various HR tasks, including attendance, payroll, electronic approval, and contracts through automation; WantedGeeks to connect with the right freelancer through AI matching; and Wanted Insight to manage company information, such as salary, headcount, sales, and reviews from current and former employees. Wantedlab, Inc. was founded in 2015 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

Wantedlab, Inc reported revenue of 38.2B KRW in FY2025 versus 31.7B KRW in FY2021, a compound +4.8%/yr. Reported net income was 1.3B KRW in FY2025, compounding −19.8%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
38.2B KRW
Latest YoY
+3.9%
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.
−8.8%
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.
+21.0%
Avg. growth/yr (7Y) 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.
+24.1%
Revenue +4.8%/yr
FY21 31.7B KRW
FY22 50.3B KRW
FY23 39.7B KRW
FY24 36.7B KRW
FY25 38.2B KRW
Net income −19.8%/yr
FY21 3.1B KRW
FY22 9.4B KRW
FY23 1.4B KRW
FY24 −1.2B KRW
FY25 1.3B KRW

376980 screens 21% overvalued. Compare with Alphabet Inc →

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Cite: Fair Value Calculator (2026). "Wantedlab, Inc Fair Value". https://www.fairvalue-calculator.com/stock/376980

Peer Group

Internet Content & Information · 151 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 63 · Above median
Fair Value upside −21% · Above median
Return on equity (TTM) 3% · Above median
Return on assets 1% · Below median
Net margin (TTM) 2% · Above median
Operating margin (TTM) -11% · Bottom 25%
Revenue growth 12% · Above median

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/FCF 0.0× · 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 5 · sector 0
FUTURE 61 · sector 31
PAST 10 · sector 10
HEALTH 0 · sector 99
DIVIDEND 0 · sector 43

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 Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Alphabet Inc GOOGL $354.46 $145.14 -59%
Meta Platforms, Inc META $669.21 $534.91 -20%
Tencent Holdings 0700 HK$460.20 HK$467.50 +2%
Spotify Technology S.A SPOT $485.38 $209.56 -57%
Reddit, Inc RDDT $195.34 $39.59 -80%
Baidu, Inc BIDU $109.50 $66.96 -39%
Kuaishou Technology, an investment holding company, 1024 HK$44.70 HK$101.03 +126%
NAVER Corporation 035420 191,300 KRW 231,585 KRW +21%
Tencent Music Entertainment Group 1698 HK$34.74 HK$65.78 +89%
REA Group REA A$149.14 A$88.53 -41%

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Frequently asked questions

Is Wantedlab, Inc (376980) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 2,629 KRW versus a price of 3,325 KRW, about −21% (overvalued).
What is the fair value of 376980?
Our model-based fair value for Wantedlab, Inc is 2,629 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 3,325 KRW.
What is the quality score of 376980?
Wantedlab, Inc has a Quality Score of 63/100. 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 Wantedlab, Inc (376980)?
Wantedlab, Inc reported trailing-twelve-month revenue of about 39.1B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 376980?
The net profit margin of Wantedlab, Inc is about 2.4%, meaning it keeps roughly 2.4% 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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