Bi Matrix Co (413640) Fair Value & Analysis
Technology · KR · Market cap 43.0B KRW
Fair value as of: Jul 21, 2026
From 15 valuation models · updated 20 days ago
Share price +6.6% over the past month.
Below-average quality, and screening another 53% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (3,918 KRW). The favourable scenario is already priced in.
- Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (2,069 KRW to 3,918 KRW) leaves room in how you read the outcome.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.
How to read this chart
33‑month range 5,500 KRW – 23,950 KRW · fair‑value band 2,069 KRW – 3,918 KRW · the 6,620 KRW price screens above the 3,135 KRW fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Bi Matrix Co (413640) currently trades at 6,620 KRW, while our model-based Fair Value estimate is 3,135 KRW, implying the stock looks roughly 52.7% overvalued today. The Quality Score stands at 44/100 (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: high).
Over the trailing twelve months, Bi Matrix Co generated revenue of 31.6B KRW at a net margin of 7.8%. Revenue declined 19.2% year over year. It earns a return on equity of 8.3%. Net debt stands at 460M KRW. Fundamentals as of Jul 21, 2026
Our scenario range runs from 2,069 KRW (bear case) to 3,918 KRW (bull case); at 6,620 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 72% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -53%, 413640 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 15 models by family
Widest divergence: Growth Earnings (7,997 KRW) versus Economic Profit (1,242 KRW). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 23
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
Bi Matrix Co., Ltd. engages in the business intelligence (BI)/big data/SCM software development, consulting, and installation activities in South Korea and internationally.
Full company description
Bi Matrix Co., Ltd. engages in the business intelligence (BI)/big data/SCM software development, consulting, and installation activities in South Korea and internationally. It offers i-MATRIX, a user-centered BI solution optimized for creating complex structured reports; i-AUD, a BI solution optimized for creating EIS/dashboard; i-STREAM, an integrated data analytics solution that supports the steps from extracting to visualizing the data; and i-BIG, a big data analytics platform for analyzing the volume of corporate data. The company also provides AI based advanced analytics, data mining, and document sharing/collaboration solutions; BI and big data analytics system, and data warehouse and mart buildup consulting services; and seminar solutions. Bi Matrix Co., Ltd. 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
Bi Matrix Co reported revenue of 31.4B KRW in FY2025 versus 20.9B KRW in FY2021, a compound +10.7%/yr. Reported net income was 2.4B KRW in FY2025, compounding −0.2%/yr from FY2021.
413640 screens 53% overvalued. Compare with Microsoft Corporation →
Peer Group
Software - Infrastructure · 370 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $384.00 | $274.17 | -29% |
| Oracle Corporation ORAC | C$9.08 | C$2.94 | -68% |
| Fortinet, Inc FTNT | $160.78 | $44.96 | -72% |
| Synopsys, Inc 1SNPS | €354.50 | €93.61 | -74% |
| Block, Inc XYZ | A$114.53 | A$70.69 | -38% |
| CoreWeave, Inc CRWV | $79.94 | $44.89 | -44% |
| Range Intelligent Computing Technology Group 300442 | ¥71.60 | ¥34.00 | -53% |
| Oracle Financial Services Software Limited OFSS | ₹11,651 | ₹5,821 | -50% |
| 360 Security Technology Inc 601360 | ¥9.64 | ¥5.05 | -48% |
| One97 Communications Limited PAYTM | ₹1,342 | ₹181.50 | -86% |
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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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