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The Pinkfong Company (403850) Fair Value & Analysis

Communication Services · KR · Market cap 138B KRW

TP The Pinkfong Company 403850 · KQ
Price12,030 KRW
Fair Value23,420 KRW
Upside+94.7%
Quality55/100
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Weak Growth
Highly profitable · 21.0% net margin
Low debt · generates free cash flow
Ranks above peers (8/9)
Moderate moat 61/100
Evidence: High Range 17,755 KRW – 29,592 KRW Share as image

Fair value as of: Jul 22, 2026

From 22 valuation models · updated 19 days ago

Share price +12.3% over the past month.

A solid business, screening 95% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (17,755 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (9 months)

41,550 KRW 9,600 KRW Fair Value 23,420 KRW Nov 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 22, 2026.

How to read this chart

9‑month range 9,600 KRW – 41,550 KRW · fair‑value band 17,755 KRW – 29,592 KRW · the 12,030 KRW price screens below the 23,420 KRW fair value. As of Jul 22, 2026.

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Analysis

The Pinkfong Company (403850) currently trades at 12,030 KRW, while our model-based Fair Value estimate is 23,420 KRW, implying the stock looks roughly 94.7% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, The Pinkfong Company generated revenue of 90.4B KRW at a net margin of 21.0%. Revenue declined 14.4% year over year. It earns a return on equity of 13.1%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 17,755 KRW (bear case) to 29,592 KRW (bull case); at 12,030 KRW, the current price sits below 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. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at 95%, 403850 screens cheaper 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 23,190 KRW 27,890 KRW 35,928 KRW 80
Rev-Margin DCF 22,076 KRW 27,842 KRW 34,906 KRW 74
ROIC Compounder 20,614 KRW 22,645 KRW 24,595 KRW 72
All 22 models by family
DCF Models
FCF DCF 22,616 KRW 27,458 KRW 36,425 KRW 38
Owner Earnings 24,771 KRW 30,458 KRW 40,992 KRW 31
5Y Revenue Exit 22,076 KRW 27,553 KRW 35,513 KRW 39
5Y EBITDA Exit 23,502 KRW 30,021 KRW 38,658 KRW 41
5Y P/E Exit 26,024 KRW 34,387 KRW 44,368 KRW 38
10Y Revenue Exit 21,863 KRW 25,967 KRW 30,372 KRW 36
10Y EBITDA Exit 23,057 KRW 27,494 KRW 32,219 KRW 37
10Y P/E Exit 24,588 KRW 30,194 KRW 35,571 KRW 35
Earnings-Based
Graham-Dodd 8,608 KRW 10,521 KRW 11,837 KRW 54
EPV 20,614 KRW 22,335 KRW 23,841 KRW 59
Multiples
P/E Multiple 20,888 KRW 27,851 KRW 34,814 KRW 63
P/S Multiple 16,141 KRW 21,521 KRW 26,901 KRW 58
P/B Multiple 16,141 KRW 21,521 KRW 26,901 KRW 55
EV/EBIT 26,758 KRW 32,249 KRW 37,740 KRW 53
EV/EBITDA 26,380 KRW 31,745 KRW 37,110 KRW 54
EV/Revenue 22,778 KRW 28,131 KRW 33,485 KRW 43
Asset-Based
NCAV (Graham) 6,419 KRW 8,601 KRW 12,838 KRW 50
Growth DCF
Growth DCF 23,190 KRW 27,890 KRW 35,928 KRW 80
Rev-Margin DCF 22,076 KRW 27,842 KRW 34,906 KRW 74
Economic Profit
Residual Income 11,243 KRW 12,478 KRW 19,268 KRW 61
ROIC Compounder 20,614 KRW 22,645 KRW 24,595 KRW 72
Growth Earnings
Growth-Adj P/E 14,725 KRW 21,035 KRW 27,346 KRW 68

Widest divergence: Multiples (27,851 KRW) versus Asset-Based (8,601 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 90.4B KRW
Revenue growth (YoY) -14.4%
Net margin 21.0%
Return on equity 13.1%
Free cash flow 18.2B KRW FY2025
Operating margin 14.2%
More key figures
EPS growth (YoY) -0.2%

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 58 · Market factors (momentum, volatility) 5

Profitability 55
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 15
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

The Pinkfong Company, Inc. develops video and audio content, live events, and mobile apps for kids and families worldwide. It provides its products under the Pinkfong, Baby Shark, and Bebefinn brand names. The company was formerly known as SMARTSTUDY Co., Ltd. and changed its name to The Pinkfong Company, Inc. in January 2022. The Pinkfong Company, Inc.

Full company description

The Pinkfong Company, Inc. develops video and audio content, live events, and mobile apps for kids and families worldwide. It provides its products under the Pinkfong, Baby Shark, and Bebefinn brand names. The company was formerly known as SMARTSTUDY Co., Ltd. and changed its name to The Pinkfong Company, Inc. in January 2022. The Pinkfong Company, Inc. was founded in 2010 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

The Pinkfong Company reported revenue of 93.9B KRW in FY2025 versus 83.2B KRW in FY2021, a compound +3.1%/yr. Reported net income was 18.2B KRW in FY2025, compounding −5.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
93.9B KRW
Latest YoY
−3.6%
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.
−7.1%
Revenue +3.1%/yr
FY21 83.2B KRW
FY22 117B KRW
FY23 87.8B KRW
FY24 97.4B KRW
FY25 93.9B KRW
Net income −5.3%/yr
FY21 22.6B KRW
FY22 −62.2M KRW
FY23 −16.3B KRW
FY24 7.9B KRW
FY25 18.2B KRW

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Cite: Fair Value Calculator (2026). "The Pinkfong Company Fair Value". https://www.fairvalue-calculator.com/stock/403850

Peer Group

Entertainment · 265 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 55 · Above median
Fair Value upside +95% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth -14% · Bottom 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Entertainment 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 100 · sector 6
FUTURE 0 · sector 10
PAST 52 · sector 0
HEALTH 100 · sector 97
DIVIDEND 0 · sector 44

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 Entertainment stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.77 C$2.96 -56%
The Walt Disney Company DIS $96.30 $89.55 -7%
Warner Bros. Discovery, Inc WBD $26.87 $9.13 -66%
Live Nation Entertainment, Inc LYV $178.44 $46.89 -74%
Universal Music Group UMG €18.91 €14.78 -22%
TKO Group TKO $184.40 $22.16 -88%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 60.49 MXN +10%
Beijing Enlight Media Co 300251 ¥11.77 ¥10.97 -7%
PT MNC Digital Entertainment Tbk, MSIN 456.00 IDR 221.09 IDR -52%
Prime Focus Limited PFOCUS ₹298.25 ₹63.45 -79%

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Frequently asked questions

Is The Pinkfong Company (403850) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 23,420 KRW versus a price of 12,030 KRW, about +95% (undervalued).
What is the fair value of 403850?
Our model-based fair value for The Pinkfong Company is 23,420 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 12,030 KRW.
What is the quality score of 403850?
The Pinkfong Company has a Quality Score of 55/100. 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 The Pinkfong Company (403850)?
The Pinkfong Company reported trailing-twelve-month revenue of about 90.4B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 403850?
The net profit margin of The Pinkfong Company is about 21.0%, meaning it keeps roughly 21.0% 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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