TFE Co. Ltd. (425420) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of TFE Co. Ltd. KRW 34,617, price KRW 64,300, upside -46.2%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
Stock analysis
TFE Co. Ltd. (425420) currently trades at 64,300 KRW, while our model-based Fair Value estimate is 34,617 KRW, implying the stock looks roughly 85.7% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 51,348 KRW per share, and 1 of the 15 models we run sit above the 64,300 KRW price.
Bear case: the Asset-Based group reads lowest at 6,147 KRW, and 14 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 25,730 KRW (bear) to 43,504 KRW (bull), the price of 64,300 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 62/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
TFE Co. Ltd. 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.
Key figures
Market cap 709B KRW (≈ $521M) · P/S ratio 3.52 · Net margin 16.2% · Return on equity 18.5% · Return on assets (EBIT) 10.9% · Operating margin 10.3% · Revenue (TTM) 122B KRW · Revenue growth (YoY) +46.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 159% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −15% fair-value upside, at −46%, 425420 screens richer than that median.
Fair Value models
Bear 25,730 KRWFair Value 34,617 KRWBull 43,504 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.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+51.8%
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.
+20.6%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+12.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.0%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2025 ⓘ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% → 17%
2025 sits 178% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Price, fair value, quality and upside side by side.
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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.Semiconductors · 339 stocks
Beats the industry median on 8/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−46% · Above median
Profitability
Return on equity (TTM)18% · Top 25%
Return on assets8% · Top 25%
Net margin (TTM)16% · Above median
Operating margin (TTM)10% · Above median
Growth and dividend
Revenue growth47% · Top 25%
Balance sheet
Debt / equity0.06× · Below median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 64
PAST (return on equity)74· sector 22
HEALTH (low debt)97· sector 95
DIVIDEND (yield)0· sector 20
VALUE 0: the price sits above our fair-value range.
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Is TFE Co. Ltd. (425420) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 34,617 KRW versus a price of 64,300 KRW, about −46% upside (overvalued).
What is the fair value of 425420?
Our model-based fair value for TFE Co. Ltd. is 34,617 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 64,300 KRW.
What is the quality score of 425420?
TFE Co. Ltd. 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 price target for TFE Co. Ltd. (425420)?
Our model-based price target is the fair value of 34,617 KRW (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 25,730 KRW, optimistic scenario 43,504 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the TFE Co. Ltd. stock forecast for 2026?
Our models put fair value at 34,617 KRW, about −46% upside versus a price of 64,300 KRW (overvalued). Cautious scenario 25,730 KRW, optimistic scenario 43,504 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of TFE Co. Ltd. (425420)?
TFE Co. Ltd. reported trailing-twelve-month revenue of about 122B KRW (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of TFE Co. Ltd. (425420)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TFE Co. Ltd. it is 34,617 KRW per share (as of Sep 24, 2026), against a price of 64,300 KRW. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is TFE Co. Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 425420 trades above its calculated fair value: price 64,300 KRW, fair value 34,617 KRW, a gap of about −46% (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 425420?
No. The price is what the market pays today (64,300 KRW); the fair value is what the company's own numbers justify (34,617 KRW). For TFE Co. Ltd. the two are 29,683 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is TFE Co. Ltd. worth?
The market values TFE Co. Ltd. at about 709B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 64,300 KRW; our models calculate a fair value of 34,617 KRW per share.
What do the bullish and bearish scenarios say about 425420?
Our models span a range for TFE Co. Ltd.: cautious scenario 25,730 KRW, base 34,617 KRW, optimistic 43,504 KRW per share (as of Sep 24, 2026, price 64,300 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of TFE Co. Ltd. (425420)?
Balance-sheet figures for TFE Co. Ltd. (as of Sep 24, 2026): return on equity 18.5%, debt of 0.06 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 425420 from its 52-week high?
TFE Co. Ltd. trades at 64,300 KRW, about 14% below its 52-week high of 74,400 KRW and 159% above the low of 24,850 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 34,617 KRW is for.
Which stocks are comparable to TFE Co. Ltd.?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, 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 TFE Co. Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 64,300 KRW, calculated fair value 34,617 KRW (−46%), Quality Score 62/100, from 15 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 425420 calculated?
We run TFE Co. Ltd. through 15 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 34,617 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 13.0 % above its aggregate fair value. TFE Co. Ltd. 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 TFE Co. Ltd. (425420)?
The closing price on Sep 23, 2026 was 64,300 KRW. Our model-based fair value is 34,617 KRW, about −46% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TFE Co. Ltd. right now?
The price sits above even our optimistic bull case (43,504 KRW). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of TFE Co. Ltd.
How large is the market capitalisation of TFE Co. Ltd. (425420)?
The market capitalisation of TFE Co. Ltd. is 709B KRW (≈ $521M). 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 TFE Co. Ltd. (425420)?
The price-to-sales ratio of TFE Co. Ltd. is 3.52 (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 TFE Co. Ltd. (425420)?
The net margin of TFE Co. Ltd. is 16.2% (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 TFE Co. Ltd. (425420)?
The return on equity (ROE) of TFE Co. Ltd. is 18.5% (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 TFE Co. Ltd. (425420)?
On an EBIT basis the return on assets of TFE Co. Ltd. is 10.9% (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 TFE Co. Ltd. (425420)?
The operating margin of TFE Co. Ltd. is 10.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TFE Co. Ltd. (425420)?
Revenue at TFE Co. Ltd. is growing +46.8% versus a year earlier (3y avg +20.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at TFE Co. Ltd. (425420)?
Earnings per share at TFE Co. Ltd. are growing +29.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TFE Co. Ltd. (425420) generate?
The free cash flow of TFE Co. Ltd. is −2.6B 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 TFE Co. Ltd. (425420) carry?
The net debt of TFE Co. Ltd. is 11.1B KRW (fiscal year 2024). 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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