kakaopay Corp. (377300) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of kakaopay Corp. stock KRW 33,771, price KRW 32,350, upside +4.4%, quality 62 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 21,700 KRW – 238,500 KRW · fair‑value band 30,864 KRW – 36,677 KRW · the 32,350 KRW price screens below the 33,771 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Kakao Pay Corp. operates a mobile payment system in South Korea. It operates in two segments, Non-financial Services and Financial Services. Its products include, money transfer, payment, membership, PFM, bill payment, investment, loan, insurance, and other recommended products.
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It serves the internet and smart devices users. The company was founded in 2017 and is based in Seongnam-si, South Korea.
Stock analysis
kakaopay Corp. (377300) currently trades at 32,350 KRW, while our model-based Fair Value estimate is 33,771 KRW, so the stock looks roughly fairly valued today (gap 4.2%).
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Valuation
Bull case: the DCF Models group reads highest at a median of 26,187 KRW per share, and 1 of the 24 models we run sit above the 32,350 KRW price.
Bear case: the Asset-Based group reads lowest at 10,153 KRW, and 23 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 30,864 KRW (bear) to 36,677 KRW (bull), the price of 32,350 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 62/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
kakaopay Corp. reported revenue of 958B KRW in FY2025 versus 459B KRW in FY2021, a compound +20.2%/yr. Reported net income was 45.2B KRW in FY2025.
Key figures
Market cap 4.4T KRW (≈ $3.2B) Mid · P/E ratio 51.2 · P/S ratio 3.82 · EPS (TTM) 648.75 KRW · Net margin 7.7% · Return on equity 5.6% · Return on assets (EBIT) −0.8% (5-year average) · Operating margin 17.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at 4%, 377300 screens cheaper than that median.
Fair Value models
Bear30,864 KRWFair Value 33,771 KRWBull36,677 KRW
Price 32,350 KRW · Upside +4.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (554.55 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+25.1%
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.
+22.5%
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.
+27.5%
Start year 2020 (pandemic)
Revenue growth 6 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.
+37.6%
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’25
What shareholders gained per year (last 3 years), in KRW (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−6.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.2%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.−6% → 5%
2025 sits 58% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+23.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.2%
Yearly sales growth analysts expect, extended to five years.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +20.7% a year for the price and +9.9% for the forecasts.
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 · 345 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside+4.4% · Above median
Profitability
Return on equity (12 months)5.6% · Below median
Return on assets0.9% · Below median
Net margin (12 months)7.7% · Above median
Operating margin (12 months)17.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)40.6% · Top 25%
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
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). "kakaopay Corp. Fair Value". https://www.fairvalue-calculator.com/stock/377300
Frequently asked questions
Is kakaopay Corp. (377300) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 33,771 KRW versus a price of 32,350 KRW, about +4% upside (fairly valued).
What is the fair value of 377300?
Our model-based fair value for kakaopay Corp. is 33,771 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 32,350 KRW.
What is the quality score of 377300?
kakaopay Corp. has a Quality Score of 62/100. 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 kakaopay Corp. (377300)?
Our model-based price target is the fair value of 33,771 KRW (as of Nov 6, 2026) from 24 valuation models. Cautious scenario 30,864 KRW, optimistic scenario 36,677 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the kakaopay Corp. stock forecast for 2026?
Our models put fair value at 33,771 KRW, about +4% upside versus a price of 32,350 KRW (fairly valued). Cautious scenario 30,864 KRW, optimistic scenario 36,677 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of kakaopay Corp. (377300)?
kakaopay Corp. reported trailing-twelve-month revenue of about 1.1T KRW (latest available figure, as of Nov 6, 2026).
What growth is priced into kakaopay Corp. (377300)?
For today's price to be fair in a discounted-cash-flow model, kakaopay Corp. would have to grow free cash flow by +23.2 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.5 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 377300 use?
Our models discount kakaopay Corp. at 12.5 %: a base by market capitalisation (mid), damped by beta 1.93, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For kakaopay Corp. that is +23.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has kakaopay Corp. (377300) delivered so far?
Over the past 5 years revenue at kakaopay Corp. grew +27.5 % a year. The price currently implies free-cash-flow growth of +23.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of kakaopay Corp. (377300) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into kakaopay Corp. (+23.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of kakaopay Corp. (377300)?
The free-cash-flow yield on the price is 2.23 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow kakaopay Corp. produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of kakaopay Corp. (377300)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For kakaopay Corp. it is 33,771 KRW per share (as of Nov 6, 2026), against a price of 32,350 KRW. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is kakaopay Corp. stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 377300 trades below its calculated fair value: price 32,350 KRW, fair value 33,771 KRW, a gap of about +4% (fairly valued). 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 377300?
No. The price is what the market pays today (32,350 KRW); the fair value is what the company's own numbers justify (33,771 KRW). For kakaopay Corp. the two are 1,421 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is kakaopay Corp. worth?
The market values kakaopay Corp. at about 4.4T KRW (market capitalisation, as of Nov 6, 2026). Per share that is 32,350 KRW; our models calculate a fair value of 33,771 KRW per share.
What do the bullish and bearish scenarios say about 377300?
Our models span a range for kakaopay Corp.: cautious scenario 30,864 KRW, base 33,771 KRW, optimistic 36,677 KRW per share (as of Nov 6, 2026, price 32,350 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 377300?
kakaopay Corp. trades at a price-to-earnings ratio of 51.2 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 33,771 KRW is built from several models across several years. Other multiples: P/B 2.3, P/S 3.8, EV/EBITDA 15.3.
How solid is the balance sheet of kakaopay Corp. (377300)?
Balance-sheet figures for kakaopay Corp. (as of Nov 6, 2026): return on equity 5.6%, debt of 0.00 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 377300 from its 52-week high?
kakaopay Corp. trades at 32,350 KRW, about 54% below its 52-week high of 70,900 KRW and 2% above the low of 31,600 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 33,771 KRW is for.
Which stocks are comparable to kakaopay Corp.?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, 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 kakaopay Corp. stock attractive at the current price?
The data as of Nov 6, 2026: price 32,350 KRW, calculated fair value 33,771 KRW (+4%), Quality Score 62/100, from 24 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 377300 calculated?
We run kakaopay Corp. through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 33,771 KRW builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. kakaopay Corp. currently trades 4% 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 kakaopay Corp. (377300)?
The closing price on Nov 6, 2026 was 32,350 KRW. Our model-based fair value is 33,771 KRW, about +4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with kakaopay Corp. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of kakaopay Corp.
How large is the market capitalisation of kakaopay Corp. (377300)?
The market capitalisation of kakaopay Corp. is 4.4T KRW (≈ $3.2B). 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 kakaopay Corp. (377300)?
The price-to-sales ratio of kakaopay Corp. is 3.82 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of kakaopay Corp. (377300)?
Earnings per share at kakaopay Corp. are 648.75 KRW (price ÷ EPS = P/E 51.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of kakaopay Corp. (377300)?
The net margin of kakaopay Corp. is 7.7% (last twelve months). 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 kakaopay Corp. (377300)?
The return on equity (ROE) of kakaopay Corp. is 5.6% (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 kakaopay Corp. (377300)?
On an EBIT basis the return on assets of kakaopay Corp. is −0.8% (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 kakaopay Corp. (377300)?
The operating margin of kakaopay Corp. is 17.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at kakaopay Corp. (377300)?
Revenue at kakaopay Corp. is growing +40.6% versus a year earlier (3y avg +22.5%). 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 kakaopay Corp. (377300)?
Earnings per share at kakaopay Corp. are growing +215% versus a year earlier. How much earnings per share grew versus a year earlier.
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Nov 6, 2026