MAXST Co Ltd (377030) fair value: what the stock is really worth
We calculate from audited financials what MAXST Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Valuation from Jul 21, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
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Bitmax Co., Ltd operates a metaverse platform in South Korea and internationally. It operates through Software Advisory, Development, and Supply; IT Services; and Game Content segments.
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Bitmax Co., Ltd operates a metaverse platform in South Korea and internationally. It operates through Software Advisory, Development, and Supply; IT Services; and Game Content segments. The company offers BITMAX AR SKD, an augmented reality (AR) development platform that provides image tracker and cloud recognizers, instant and object trackers, space and marker trackers, QR code and AR fusion trackers, and QR/barcode readers; and Widearth, a digital twin platform based on real space, which includes workspace, studio, and viewer capabilities. It also provides industrial AR solutions comprising AR inspection and AR remote; digital twin solutions; and smart glasses. In addition, the company invests in Bitcoin. Further, it develops hack-and-slash role-playing games on PC and mobile. The company was formerly known as MAXST Co., Ltd. and changed its name to Bitmax Co., Ltd in February 2025. Bitmax Co., Ltd was founded in 2010 and is headquartered in Seoul, South Korea.
Stock analysis
MAXST Co Ltd (377030) currently trades at 2,050 KRW, while our model-based Fair Value estimate is 554.53 KRW, implying the stock looks roughly 269.7% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: 413.83 KRW (bear) to 827.66 KRW (bull), the price of 2,050 KRW sits above 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 24/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
MAXST Co Ltd reported revenue of 27.2B KRW in FY2025 versus 2.4B KRW in FY2021, a compound +84.1%/yr. Reported net income was −96.2B KRW in FY2025.
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 87% below its 52-week high and 67% 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 −73%, 377030 screens richer than that median.
Fair Value models
Bear 413.83 KRWFair Value 554.53 KRWBull 827.66 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.
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.32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−26.8%
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.
+111.0%
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.
+68.9%
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.
+54.7%
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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.
−126.9% (2020) → −31.6% (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
Price, fair value, quality and upside side by side.
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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 0/6 measures
Overall it trails its industry peers.
Valuation
Quality Score25 · Bottom 25%
Fair Value upside−73% · Bottom 25%
Profitability
Return on assets−7% · Bottom 25%
Operating margin (TTM)−18% · Bottom 25%
Growth and dividend
Revenue growth−20% · Bottom 25%
Balance sheet
Debt / equity0.15× · Above median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)0· sector 48
PAST (return on equity)0· sector 18
HEALTH (low debt)92· sector 97
DIVIDEND (yield)0· sector 33
VALUE 0: the price sits above our fair-value range.
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.
Cite: Fair Value Calculator (2026). "MAXST Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/377030
Frequently asked questions
Is MAXST Co Ltd (377030) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 554.53 KRW versus a price of 2,050 KRW, about −73% upside (overvalued).
What is the fair value of 377030?
Our model-based fair value for MAXST Co Ltd is 554.53 KRW (as of Jul 21, 2026), built from audited fundamentals. The current price: 2,050 KRW.
What is the quality score of 377030?
MAXST Co Ltd has a Quality Score of 24/100. 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 MAXST Co Ltd (377030)?
Our model-based price target is the fair value of 554.53 KRW (as of Jul 21, 2026) from 1 valuation models. Cautious scenario 413.83 KRW, optimistic scenario 827.66 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the MAXST Co Ltd stock forecast for 2026?
Our models put fair value at 554.53 KRW, about −73% upside versus a price of 2,050 KRW (overvalued). Cautious scenario 413.83 KRW, optimistic scenario 827.66 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of MAXST Co Ltd (377030)?
MAXST Co Ltd reported trailing-twelve-month revenue of about 25.7B KRW (latest available figure, as of Jul 21, 2026).
What is the intrinsic value of MAXST Co Ltd (377030)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MAXST Co Ltd it is 554.53 KRW per share (as of Jul 21, 2026), against a price of 2,050 KRW. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is MAXST Co Ltd stock overvalued or undervalued in 2026?
As of Jul 21, 2026, 377030 trades above its calculated fair value: price 2,050 KRW, fair value 554.53 KRW, a gap of about −73% (overvalued). 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 377030?
No. The price is what the market pays today (2,050 KRW); the fair value is what the company's own numbers justify (554.53 KRW). For MAXST Co Ltd the two are 1,495 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is MAXST Co Ltd worth?
The market values MAXST Co Ltd at about 19.1B KRW (market capitalisation, as of Jul 21, 2026). Per share that is 2,050 KRW; our models calculate a fair value of 554.53 KRW per share.
What do the bullish and bearish scenarios say about 377030?
Our models span a range for MAXST Co Ltd: cautious scenario 413.83 KRW, base 554.53 KRW, optimistic 827.66 KRW per share (as of Jul 21, 2026, price 2,050 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of MAXST Co Ltd (377030)?
Balance-sheet figures for MAXST Co Ltd (as of Jul 21, 2026): debt of 0.15 per unit of equity. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is 377030 from its 52-week high?
MAXST Co Ltd trades at 2,050 KRW, about 87% below its 52-week high of 15,700 KRW and 67% above the low of 1,228 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 554.53 KRW is for.
Which stocks are comparable to MAXST 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 MAXST Co Ltd stock attractive at the current price?
The data as of Jul 21, 2026: price 2,050 KRW, calculated fair value 554.53 KRW (−73%), Quality Score 24/100, 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 377030 calculated?
We run MAXST 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 554.53 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 12.8 % above its aggregate fair value. MAXST Co Ltd itself currently trades above fair value. 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 MAXST Co Ltd (377030)?
The closing price on Sep 23, 2026 was 2,050 KRW. Our model-based fair value is 554.53 KRW, about −73% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MAXST Co Ltd right now?
The price sits above even our optimistic bull case (827.66 KRW). The favourable scenario is already priced in. Weak quality (24/100) 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 (413.83 KRW to 827.66 KRW) leaves room in how you read the outcome.
Key figures of MAXST Co Ltd
How large is the market capitalisation of MAXST Co Ltd (377030)?
The market capitalisation of MAXST Co Ltd is 19.1B KRW (≈ $14.0M). 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 MAXST Co Ltd (377030)?
The price-to-sales ratio of MAXST Co Ltd is 0.75 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the return on equity of MAXST Co Ltd (377030)?
The return on equity (ROE) of MAXST Co Ltd is −1,683% (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 MAXST Co Ltd (377030)?
On an EBIT basis the return on assets of MAXST Co Ltd is −34.7% (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 MAXST Co Ltd (377030)?
The operating margin of MAXST Co Ltd is −18.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MAXST Co Ltd (377030)?
Revenue at MAXST Co Ltd is growing −20.1% versus a year earlier (3y avg +111%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does MAXST Co Ltd (377030) generate?
The free cash flow of MAXST Co Ltd is −93.2B 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 MAXST Co Ltd (377030) carry?
The net debt of MAXST Co Ltd is 74.2B 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.
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