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Obzen Inc. (417860) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Obzen Inc. KRW 6,043, price KRW 7,000, upside -13.7%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · KR

OI Thin data Sep 24, 2026

Obzen Inc.

417860 · KQ

Weak valuationQuality is weak on top of the rich price.

!Fair value 6,043 KRW · Overvalued (−14%)
!Quality 42/100
!Weak Growth (revenue 3y −2.5 %/yr)
!Loss-making · -16.0% net margin (TTM)
✓Low debt · generates free cash flow
!Mixed vs. peers (4/9)
!Narrow moat 17/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 15 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

75,300 KRW 5,920 KRW Fair Value 6,043 KRW Jan 2023 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

44‑month range 5,920 KRW – 75,300 KRW · fair‑value band 5,701 KRW – 6,385 KRW · the 7,000 KRW price screens above the 6,043 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

OBZEN Inc., an enterprise software company, provides data, analysis, and marketing solutions in South Korea. It offers digital marketing solution; marketing automation solution; artificial intelligence (AI) model development, operation, and management automation solution; business intelligence solution; data preprocessing solution; and big data solution.

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OBZEN Inc., an enterprise software company, provides data, analysis, and marketing solutions in South Korea. It offers digital marketing solution; marketing automation solution; artificial intelligence (AI) model development, operation, and management automation solution; business intelligence solution; data preprocessing solution; and big data solution. The company also provides system building services; and marketing consulting, AI analysis model, and marketing operation agency. It serves finance, distribution, telecommunication, and service industries. OBZEN Inc. was incorporated in 2000 and is based in Seoul, South Korea.

Stock analysis

Obzen Inc. (417860) currently trades at 7,000 KRW, while our model-based Fair Value estimate is 6,043 KRW, implying the stock looks roughly 15.8% overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of 11,533 KRW per share, and 8 of the 13 models we run sit above the 7,000 KRW price.

Bear case: the Asset-Based group reads lowest at 1,535 KRW, and 5 of the 13 models stay below the price. Evidence for this calculation is low.

Scenario range: 5,701 KRW (bear) to 6,385 KRW (bull), the price of 7,000 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 42/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Obzen Inc. reported revenue of 24.0B KRW in FY2025 versus 20.1B KRW in FY2021, a compound +4.6%/yr. Reported net income was −3.2B KRW in FY2025.

Key figures

Market cap 31.2B KRW (≈ $22.9M) · P/S ratio 1.33 · Net margin −13.2% · Return on equity −43.3% · Return on assets (EBIT) −18.3% · Operating margin 1.9% · Revenue (TTM) 22.4B KRW · Revenue growth (YoY) +35.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 55% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −14%, 417860 screens richer than that median.

Fair Value models

Bear 5,701 KRW Fair Value 6,043 KRW Bull 6,385 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.
Highest evidence
FCF DCF 11,341 KRW 14,402 KRW 18,705 KRW 79
Growth DCF 11,480 KRW 14,247 KRW 17,938 KRW 77
5Y EBITDA Exit 9,426 KRW 11,533 KRW 13,877 KRW 74
All 13 models by family
DCF Models
FCF DCF 11,341 KRW 14,402 KRW 18,705 KRW 79
5Y Revenue Exit 7,452 KRW 7,949 KRW 8,463 KRW 71
5Y EBITDA Exit 9,426 KRW 11,533 KRW 13,877 KRW 74
10Y Revenue Exit 8,865 KRW 9,616 KRW 10,413 KRW 65
10Y EBITDA Exit 10,096 KRW 12,010 KRW 14,343 KRW 67
Earnings-Based
EPV 5,084 KRW 5,149 KRW 5,204 KRW 71
Multiples
EV/EBIT 5,701 KRW 6,043 KRW 6,385 KRW 66
EV/EBITDA 8,793 KRW 10,165 KRW 11,538 KRW 67
EV/Revenue 5,193 KRW 5,416 KRW 5,638 KRW 54
Asset-Based
NCAV (Graham) 1,145 KRW 1,535 KRW 2,290 KRW 54
Growth DCF
Growth DCF 11,480 KRW 14,247 KRW 17,938 KRW 77
Rev-Margin DCF 7,452 KRW 8,078 KRW 8,827 KRW 71
Economic Profit
ROIC Compounder 5,084 KRW 5,149 KRW 5,204 KRW 69

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Quality Score breakdown

Overall quality 42/100

Of which business quality 45 · Market factors (momentum, volatility) 15

Profitability 22
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 22
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 55
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 29/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+58.0%
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.
−2.5%
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.
−15.7% (2021) → 1.1% (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
not computed

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−5.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −7.8% a year for the price.

417860 screens 16% overvalued. Compare with SAP SE →

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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 - Application · 721 stocks

Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 42 · Below median
Fair Value upside −14% · Below median
Profitability
Return on assets 1% · Above median
Net margin (TTM) −16% · Bottom 25%
Operating margin (TTM) 2% · Below median
Growth and dividend
Revenue growth 35% · Top 25%

Valuation Multiplesvs Software - Application median · lower = cheaper

P/FCF 0.0× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)15 · sector 25
FUTURE (revenue growth)100 · sector 38
PAST (return on equity)0 · sector 16
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)0 · sector 30

Context: sector, industry, market

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

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SAP SE SAP €184.18 €172.46 −6%
Salesforce, Inc CRM $238.22 $342.73 +44%
Shopify Inc SHOP $145.16 $64.36 −56%
ServiceNow, Inc NOW $137.78 $151.56 +10%
Uber Technologies, Inc UBER $69.22 $103.69 +50%
Cadence Design Systems, Inc CDNS $309.09 $225.14 −27%
Snowflake Inc SNOW $334.81 $75.08 −78%
Datadog, Inc DDOG $251.49 $32.92 −87%
Adobe Inc ADBE $238.25 $454.04 +91%
Automatic Data Processing, Inc ADP $263.68 $177.51 −33%

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Obzen Inc. · Fair Value
6,043 KRW −16%Fair Value
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Cite: Fair Value Calculator (2026). "Obzen Inc. Fair Value". https://www.fairvalue-calculator.com/stock/417860

Frequently asked questions

Is Obzen Inc. (417860) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6,043 KRW versus a price of 7,000 KRW, about −14% upside (overvalued).
What is the fair value of 417860?
Our model-based fair value for Obzen Inc. is 6,043 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 7,000 KRW.
What is the quality score of 417860?
Obzen Inc. has a Quality Score of 42/100. 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 Obzen Inc. (417860)?
Our model-based price target is the fair value of 6,043 KRW (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 5,701 KRW, optimistic scenario 6,385 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Obzen Inc. stock forecast for 2026?
Our models put fair value at 6,043 KRW, about −14% upside versus a price of 7,000 KRW (overvalued). Cautious scenario 5,701 KRW, optimistic scenario 6,385 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Obzen Inc. (417860)?
Obzen Inc. reported trailing-twelve-month revenue of about 22.4B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into Obzen Inc. (417860)?
For today's price to be fair in a discounted-cash-flow model, Obzen Inc. would have to grow free cash flow by -5.9 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +4.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 417860 use?
Our models discount Obzen Inc. at 10.7 %: a base by market capitalisation (nano), damped by beta 1.24, 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 Obzen Inc. that is -5.9 % per year a year over ten years, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has Obzen Inc. (417860) delivered so far?
Over the past 4 years revenue at Obzen Inc. grew +4.6 % a year. The price currently implies -5.9 % per year free-cash-flow growth a 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 Obzen Inc. (417860) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into Obzen Inc. (-5.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Obzen Inc. (417860)?
The free-cash-flow yield on the price is 6.93 %: that much free cash flow Obzen Inc. produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Obzen Inc. (417860)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Obzen Inc. it is 6,043 KRW per share (as of Sep 24, 2026), against a price of 7,000 KRW. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Obzen Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 417860 trades above its calculated fair value: price 7,000 KRW, fair value 6,043 KRW, a gap of about −14% (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 417860?
No. The price is what the market pays today (7,000 KRW); the fair value is what the company's own numbers justify (6,043 KRW). For Obzen Inc. the two are 956.97 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Obzen Inc. worth?
The market values Obzen Inc. at about 31.2B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 7,000 KRW; our models calculate a fair value of 6,043 KRW per share.
What do the bullish and bearish scenarios say about 417860?
Our models span a range for Obzen Inc.: cautious scenario 5,701 KRW, base 6,043 KRW, optimistic 6,385 KRW per share (as of Sep 24, 2026, price 7,000 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Obzen Inc. (417860)?
Balance-sheet figures for Obzen Inc. (as of Sep 24, 2026): return on equity −43.3%. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 417860 from its 52-week high?
Obzen Inc. trades at 7,000 KRW, about 55% below its 52-week high of 15,390 KRW and 18% above the low of 5,920 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 6,043 KRW is for.
Which stocks are comparable to Obzen Inc.?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Obzen Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price 7,000 KRW, calculated fair value 6,043 KRW (−14%), Quality Score 42/100, from 13 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 417860 calculated?
We run Obzen Inc. through 13 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 6,043 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 14.0 % above its aggregate fair value. Obzen Inc. 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 Obzen Inc. (417860)?
The closing price on Sep 23, 2026 was 7,000 KRW. Our model-based fair value is 6,043 KRW, about −14% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Obzen Inc. right now?
The price sits above even our optimistic bull case (6,385 KRW). The favourable scenario is already priced in. The models converge in a tight band (5,701 KRW to 6,385 KRW), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Obzen Inc.

How large is the market capitalisation of Obzen Inc. (417860)?
The market capitalisation of Obzen Inc. is 31.2B KRW (≈ $22.9M). 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 Obzen Inc. (417860)?
The price-to-sales ratio of Obzen Inc. is 1.33 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Obzen Inc. (417860)?
The net margin of Obzen Inc. is −13.2% (fiscal year 2025). 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 Obzen Inc. (417860)?
The return on equity (ROE) of Obzen Inc. is −43.3% (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 Obzen Inc. (417860)?
On an EBIT basis the return on assets of Obzen Inc. is −18.3% (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 Obzen Inc. (417860)?
The operating margin of Obzen Inc. is 1.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Obzen Inc. (417860)?
Revenue at Obzen Inc. is growing +35.0% versus a year earlier (3y avg −2.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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