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Tfe Inc (425420) Fair Value & Analysis

Technology · KR · Market cap 430B KRW

TI Tfe Inc 425420 · KQ
Price33,100 KRW
Fair Value34,617 KRW
Upside+4.6%
Quality62/100
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Expensive Growth
Solidly profitable · 15.5% net margin
Low debt · negative free cash flow
Ranks above peers (8/8)
Moderate moat 59/100
Evidence: High Range 25,730 KRW – 44,423 KRW Share as image

Fair value as of: Jul 22, 2026

From 17 valuation models · updated 18 days ago

Fair value updated Jul 22, 2026, revised from 37,374 KRW to 34,617 KRW (−7.4%) since Jul 9, 2026. Share price −17.1% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 25,730 KRW (bear) to 44,423 KRW (bull), base 34,617 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (4 years)

74,400 KRW 7,600 KRW Fair Value 34,617 KRW Nov 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

45‑month range 7,600 KRW – 74,400 KRW · fair‑value band 25,730 KRW – 44,423 KRW · the 33,100 KRW price screens below the 34,617 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Tfe Inc (425420) currently trades at 33,100 KRW, while our model-based Fair Value estimate is 34,617 KRW, implying the stock looks roughly 4.6% fairly valued today. The Quality Score stands at 62/100 (solid quality), in the Technology 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, Tfe Inc generated revenue of 122B KRW at a net margin of 15.5%. Revenue grew 46.8% year over year. It earns a return on equity of 18.5%. Net debt stands at 11.1B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 25,730 KRW (bear case) to 44,423 KRW (bull case); at 33,100 KRW, the current price sits within 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 57% below its 52-week high and 41% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 5%, 425420 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
Residual Income 10,658 KRW 14,921 KRW 67,971 KRW 76
ROIC Compounder 17,145 KRW 26,139 KRW 32,528 KRW 72
Gordon GGM 489.80 KRW 1,069 KRW 1,799 KRW 70
All 17 models by family
DCF Models
Owner Earnings 10,927 KRW 24,263 KRW 53,510 KRW 31
Earnings-Based
Graham-Dodd 10,346 KRW 72,150 KRW 101,251 KRW 54
Lynch FV 23,920 KRW 34,171 KRW 44,423 KRW 50
PEG = 1.0 23,920 KRW 34,171 KRW 44,423 KRW 46
EPV 13,648 KRW 15,880 KRW 17,864 KRW 59
Dividend Discount
Gordon GGM 489.80 KRW 1,069 KRW 1,799 KRW 70
DDM Multi-Stage 489.80 KRW 875.95 KRW 1,114 KRW 61
Multiples
P/E Multiple 31,950 KRW 42,600 KRW 53,250 KRW 63
P/S Multiple 19,398 KRW 25,864 KRW 32,330 KRW 58
P/B Multiple 19,398 KRW 25,864 KRW 32,330 KRW 55
EV/EBIT 29,820 KRW 39,427 KRW 49,034 KRW 53
EV/EBITDA 27,659 KRW 36,546 KRW 45,432 KRW 54
EV/Revenue 15,569 KRW 21,814 KRW 28,059 KRW 43
Asset-Based
NCAV (Graham) 4,588 KRW 6,147 KRW 9,175 KRW 50
Economic Profit
Residual Income 10,658 KRW 14,921 KRW 67,971 KRW 76
ROIC Compounder 17,145 KRW 26,139 KRW 32,528 KRW 72
Growth Earnings
Growth-Adj P/E 35,944 KRW 51,348 KRW 66,752 KRW 68

Widest divergence: Growth Earnings (51,348 KRW) versus Dividend Discount (875.95 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 122B KRW
Revenue growth (YoY) +46.8%
Net margin 15.5%
Return on equity 18.5%
Free cash flow −2.6B KRW FY2025
Operating margin 10.3%
More key figures
EPS growth (YoY) +29.1%
Net debt 11.1B KRW FY2024

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 61 · Market factors (momentum, volatility) 31

Profitability 63
Margins and returns on capital today
Quality Growth 98
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 11
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 88
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

Tfe Inc. engages in the manufacture and sale of semiconductor IC testing equipment in South Korea and internationally. It offers memory and SoC change kits, sockets, and boards; test boards; and sockets. The company was founded in 2003 and is headquartered in Hwaseong-si, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tfe Inc reported revenue of 112B KRW in FY2025 versus 72.0B KRW in FY2021, a compound +11.6%/yr. Reported net income was 18.1B KRW in FY2025, compounding +16.7%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
112B KRW
Latest YoY
+51.8%
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.
+20.6%
Revenue +11.6%/yr
FY21 72.0B KRW
FY22 63.7B KRW
FY23 80.3B KRW
FY24 73.6B KRW
FY25 112B KRW
Net income +16.7%/yr
FY21 9.8B KRW
FY22 6.7B KRW
FY23 11.1B KRW
FY24 1.5B KRW
FY25 18.1B KRW

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Cite: Fair Value Calculator (2026). "Tfe Inc Fair Value". https://www.fairvalue-calculator.com/stock/425420

Peer Group

Semiconductors · 318 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 62 · Above median
Fair Value upside +5% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 16% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 47% · Top 25%
Debt / equity 0.06× · Lower than 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 39 · sector 0
FUTURE 100 · sector 60
PAST 74 · sector 25
HEALTH 97 · sector 97
DIVIDEND 0 · sector 22

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

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Tfe Inc (425420) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 34,617 KRW versus a price of 33,100 KRW, about +5% (fairly valued).
What is the fair value of 425420?
Our model-based fair value for Tfe Inc is 34,617 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 33,100 KRW.
What is the quality score of 425420?
Tfe Inc 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 revenue of Tfe Inc (425420)?
Tfe Inc reported trailing-twelve-month revenue of about 122B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 425420?
The net profit margin of Tfe Inc is about 15.5%, meaning it keeps roughly 15.5% 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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