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Smart Radar System Inc. (424960) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Smart Radar System Inc. KRW 852, price KRW 3,835, upside -77.8%, quality 41 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

SR Thin data Sep 24, 2026

Smart Radar System Inc.

424960 · KQ

Weakest SetupStrongly overvalued and low quality.

!Fair value 852.19 KRW · Strongly overvalued (−78%)
!Quality 41/100
!Expensive Growth (revenue 3y +32.7 %/yr)
!Loss-making · -23.8% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (1/8)
!Narrow moat 8/100
!Evidence only low, so the estimate is less certain
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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

30,000 KRW 2,945 KRW Fair Value 852.19 KRW Aug 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

37‑month range 2,945 KRW – 30,000 KRW · fair‑value band 562.44 KRW – 1,065 KRW · the 3,835 KRW price screens above the 852.19 KRW fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Smart Radar System Inc. provides RF antenna design, hardware module, radar signal processing algorithm, and software API in South Korea and internationally. It offers imaging radar and package products; and single radar, package, and modules. It serves automotive, industrial, healthcare, and smart place sectors. Smart Radar System Inc.

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Smart Radar System Inc. provides RF antenna design, hardware module, radar signal processing algorithm, and software API in South Korea and internationally. It offers imaging radar and package products; and single radar, package, and modules. It serves automotive, industrial, healthcare, and smart place sectors. Smart Radar System Inc. was founded in 2017 and is headquartered in Seongnam-si, South Korea.

Stock analysis

Smart Radar System Inc. (424960) currently trades at 3,835 KRW, while our model-based Fair Value estimate is 852.19 KRW, implying the stock looks roughly 350.0% 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: 562.44 KRW (bear) to 1,065 KRW (bull), the price of 3,835 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 41/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Smart Radar System Inc. reported revenue of 9.4B KRW in FY2025 versus 3.5B KRW in FY2021, a compound +28.1%/yr. Reported net income was −3.0B KRW in FY2025.

Key figures

Market cap 60.1B KRW (≈ $44.2M) · P/S ratio 6.57 · Net margin −31.6% · Return on equity −9.3% · Return on assets (EBIT) −25.9% · Operating margin −101% · Revenue (TTM) 8.8B KRW · Revenue growth (YoY) −28.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).

What moves the price

The share trades about 59% below its 52-week high and 30% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −34% fair-value upside, at −78%, 424960 screens richer than that median.

Fair Value models

Bear 562.44 KRW Fair Value 852.19 KRW Bull 1,065 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
NCAV (Graham) 579.82 KRW 776.96 KRW 1,160 KRW 54
All 1 models by family
Asset-Based
NCAV (Graham) 579.82 KRW 776.96 KRW 1,160 KRW 54

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Quality Score breakdown

Overall quality 41/100

Of which business quality 42 · Market factors (momentum, volatility) 15

Profitability 6
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 24
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 71
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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+98.4%
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.
+32.7%
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.
−130.7% (2021) → −56.1% (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

424960 screens 350% overvalued. Compare with Keysight Technologies, Inc →

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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.Scientific & Technical Instruments · 159 stocks

Beats the industry median on 0/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 42 · Bottom 25%
Fair Value upside −78% · Bottom 25%
Profitability
Return on assets −6% · Bottom 25%
Net margin (TTM) −24% · Bottom 25%
Operating margin (TTM) −101% · Bottom 25%
Growth and dividend
Revenue growth −28% · Bottom 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 25
PAST (return on equity)0 · sector 24
HEALTH (low debt)100 · sector 98
DIVIDEND (yield)0 · sector 19

VALUE 0: the price sits above our fair-value range.

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $347.32 $115.39 −67%
Garmin Ltd GRMN $284.67 $304.44 +7%
Teledyne Technologies Incorporated TDY $621.05 $683.16 +10%
Chroma ATE Inc 2360 2,295 TWD 618.78 TWD −73%
MKS Inc MKSI $260.37 $201.24 −23%
AVIC Chengdu Aircraft Company 302132 ¥59.95 ¥19.61 −67%
Fortive Corporation FTV $55.95 $34.86 −38%
Trimble Inc TRMB $59.30 $29.11 −51%
Cognex Corporation CGNX $58.19 $38.50 −34%
Wuhan Guide Infrared Co 002414 ¥12.23 ¥9.52 −22%

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Smart Radar System Inc. · Fair Value
852.19 KRW −350%Fair Value
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Cite: Fair Value Calculator (2026). "Smart Radar System Inc. Fair Value". https://www.fairvalue-calculator.com/stock/424960

Frequently asked questions

Is Smart Radar System Inc. (424960) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 852.19 KRW versus a price of 3,835 KRW, about −78% upside (overvalued).
What is the fair value of 424960?
Our model-based fair value for Smart Radar System Inc. is 852.19 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 3,835 KRW.
What is the quality score of 424960?
Smart Radar System Inc. has a Quality Score of 41/100. 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 Smart Radar System Inc. (424960)?
Our model-based price target is the fair value of 852.19 KRW (as of Sep 24, 2026) from 1 valuation models. Cautious scenario 562.44 KRW, optimistic scenario 1,065 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Smart Radar System Inc. stock forecast for 2026?
Our models put fair value at 852.19 KRW, about −78% upside versus a price of 3,835 KRW (overvalued). Cautious scenario 562.44 KRW, optimistic scenario 1,065 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Smart Radar System Inc. (424960)?
Smart Radar System Inc. reported trailing-twelve-month revenue of about 8.8B KRW (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Smart Radar System Inc. (424960)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Smart Radar System Inc. it is 852.19 KRW per share (as of Sep 24, 2026), against a price of 3,835 KRW. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Smart Radar System Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 424960 trades above its calculated fair value: price 3,835 KRW, fair value 852.19 KRW, a gap of about −78% (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 424960?
No. The price is what the market pays today (3,835 KRW); the fair value is what the company's own numbers justify (852.19 KRW). For Smart Radar System Inc. the two are 2,983 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Smart Radar System Inc. worth?
The market values Smart Radar System Inc. at about 60.1B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 3,835 KRW; our models calculate a fair value of 852.19 KRW per share.
What do the bullish and bearish scenarios say about 424960?
Our models span a range for Smart Radar System Inc.: cautious scenario 562.44 KRW, base 852.19 KRW, optimistic 1,065 KRW per share (as of Sep 24, 2026, price 3,835 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Smart Radar System Inc. (424960)?
Balance-sheet figures for Smart Radar System Inc. (as of Sep 24, 2026): return on equity −9.3%. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 424960 from its 52-week high?
Smart Radar System Inc. trades at 3,835 KRW, about 59% below its 52-week high of 9,410 KRW and 30% above the low of 2,945 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 852.19 KRW is for.
Which stocks are comparable to Smart Radar System Inc.?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Teledyne Technologies Incorporated, Chroma ATE 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 Smart Radar System Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price 3,835 KRW, calculated fair value 852.19 KRW (−78%), Quality Score 41/100, 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 424960 calculated?
We run Smart Radar System Inc. 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 852.19 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. Smart Radar System 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 Smart Radar System Inc. (424960)?
The closing price on Sep 23, 2026 was 3,835 KRW. Our model-based fair value is 852.19 KRW, about −78% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Smart Radar System Inc. right now?
The price sits above even our optimistic bull case (1,065 KRW). The favourable scenario is already priced in. Weak quality (41/100) 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 (562.44 KRW to 1,065 KRW) leaves room in how you read the outcome.

Key figures of Smart Radar System Inc.

How large is the market capitalisation of Smart Radar System Inc. (424960)?
The market capitalisation of Smart Radar System Inc. is 60.1B KRW (≈ $44.2M). 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 Smart Radar System Inc. (424960)?
The price-to-sales ratio of Smart Radar System Inc. is 6.57 (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 Smart Radar System Inc. (424960)?
The net margin of Smart Radar System Inc. is −31.6% (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 Smart Radar System Inc. (424960)?
The return on equity (ROE) of Smart Radar System Inc. is −9.3% (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 Smart Radar System Inc. (424960)?
On an EBIT basis the return on assets of Smart Radar System Inc. is −25.9% (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 Smart Radar System Inc. (424960)?
The operating margin of Smart Radar System Inc. is −101% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Smart Radar System Inc. (424960)?
Revenue at Smart Radar System Inc. is growing −28.4% versus a year earlier (3y avg +32.7%). 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 Smart Radar System Inc. (424960) generate?
The free cash flow of Smart Radar System Inc. is −4.3B 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 Smart Radar System Inc. (424960) carry?
The net debt of Smart Radar System Inc. is 5.2B 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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