SPSoft Inc. (443670) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of SPSoft Inc. stock KRW 4,448, price KRW 5,350, that is 16.9% below the price, quality 50 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
33‑month range 2,615 KRW – 25,950 KRW · fair‑value band 2,093 KRW – 5,528 KRW · the 5,350 KRW price screens above the 4,448 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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SPSoft Inc. operates as an IT consulting and services company. It offers VDI solution; and DaaS, a cloud computing service that provides virtual desktops on a subscription license basis.
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The company also provides cloud services; catching streaming; GRID CDN that connect numerous user idle resources into a single network; copyright protection; and illegal video monitoring system solutions. SPSoft Inc. company was incorporated in 2013 and is headquartered in Gwacheon-si, South Korea.
Stock analysis
SPSoft Inc. (443670) currently trades at 5,350 KRW, while our model-based Fair Value estimate is 4,448 KRW, 17% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 5,676 KRW per share, and 4 of the 24 models we run sit above the 5,350 KRW price.
Bear case: the Asset-Based group reads lowest at 1,427 KRW, and 20 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 2,093 KRW (bear) to 5,528 KRW (bull), the price of 5,350 KRW sits inside 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 50/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SPSoft Inc. reported revenue of 54.5B KRW in FY2025 versus 17.3B KRW in FY2021, a compound +33.3%/yr. Reported net income was 3.8B KRW in FY2025, compounding +18.3%/yr from FY2021.
Key figures
Market cap 132B KRW (≈ $97.9M) Micro · P/E ratio 22.7 · P/S ratio 2.05 · EPS (TTM) 164.43 KRW · Net margin 7.4% · Return on equity 5.9% · Return on assets (EBIT) 8.7% (5-year average) · Operating margin 6.5%.
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 19% below its 52-week high and 105% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at −17%, 443670 screens richer than that median.
Fair Value models
Bear2,093 KRWFair Value 4,448 KRWBull5,528 KRW
Price 5,350 KRW · Downside -16.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (141.01 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+20.8%
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.
+17.7%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in KRW ⓘ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. 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.
+7.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.4%
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.16% → 7%
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+37.8%
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 +35.0% a year for the price.
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.Information Technology Services · 479 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+0.8% · Below median
Profitability
Return on equity (12 months)5.9% · Below median
Return on assets4.8% · Above median
Net margin (12 months)7.4% · Above median
Operating margin (12 months)6.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)−4.1% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "SPSoft Inc. Fair Value". https://www.fairvalue-calculator.com/stock/443670
Frequently asked questions
Is SPSoft Inc. (443670) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 4,448 KRW versus a price of 5,350 KRW, about 17% lower (overvalued).
What is the fair value of 443670?
Our model-based fair value for SPSoft Inc. is 4,448 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 5,350 KRW.
What is the quality score of 443670?
SPSoft Inc. has a Quality Score of 50/100. 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 SPSoft Inc. (443670)?
Our model-based price target is the fair value of 4,448 KRW (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 2,093 KRW, optimistic scenario 5,528 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the SPSoft Inc. stock forecast for 2026?
Our models put fair value at 4,448 KRW, about 17% lower versus a price of 5,350 KRW (overvalued). Cautious scenario 2,093 KRW, optimistic scenario 5,528 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of SPSoft Inc. (443670)?
SPSoft Inc. reported trailing-twelve-month revenue of about 53.3B KRW (latest available figure, as of Nov 9, 2026).
What growth is priced into SPSoft Inc. (443670)?
For today's price to be fair in a discounted-cash-flow model, SPSoft Inc. would have to grow free cash flow by +37.8 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +33.3 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 443670 use?
Our models discount SPSoft Inc. at 11.6 %: a base by market capitalisation (micro), damped by beta 0.16, 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 SPSoft Inc. that is +37.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has SPSoft Inc. (443670) delivered so far?
Over the past 4 years revenue at SPSoft Inc. grew +33.3 % a year. The price currently implies free-cash-flow growth of +37.8 % per 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 SPSoft Inc. (443670) growing?
The median revenue growth in the sector is +16.8 % a year. That is the yardstick for the growth priced into SPSoft Inc. (+37.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SPSoft Inc. (443670)?
The free-cash-flow yield on the price is 1.16 %: that much free cash flow SPSoft Inc. produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SPSoft Inc. (443670)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SPSoft Inc. it is 4,448 KRW per share (as of Nov 9, 2026), against a price of 5,350 KRW. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is SPSoft Inc. stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 443670 trades above its calculated fair value: price 5,350 KRW, fair value 4,448 KRW, a gap of about −17% (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 443670?
No. The price is what the market pays today (5,350 KRW); the fair value is what the company's own numbers justify (4,448 KRW). For SPSoft Inc. the two are 901.52 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is SPSoft Inc. worth?
The market values SPSoft Inc. at about 132B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 5,350 KRW; our models calculate a fair value of 4,448 KRW per share.
What do the bullish and bearish scenarios say about 443670?
Our models span a range for SPSoft Inc.: cautious scenario 2,093 KRW, base 4,448 KRW, optimistic 5,528 KRW per share (as of Nov 9, 2026, price 5,350 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 443670?
SPSoft Inc. trades at a price-to-earnings ratio of 22.7 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4,448 KRW is built from several models across several years. Other multiples: P/B 1.6, P/S 2.0, EV/EBITDA 17.6.
How solid is the balance sheet of SPSoft Inc. (443670)?
Balance-sheet figures for SPSoft Inc. (as of Nov 9, 2026): return on equity 5.9%, debt of 0.01 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 443670 from its 52-week high?
SPSoft Inc. trades at 5,350 KRW, about 19% below its 52-week high of 6,630 KRW and 105% above the low of 2,615 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 4,448 KRW is for.
Which stocks are comparable to SPSoft Inc.?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 SPSoft Inc. stock attractive at the current price?
The data as of Nov 9, 2026: price 5,350 KRW, calculated fair value 4,448 KRW (−17%), Quality Score 50/100, from 24 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 443670 calculated?
We run SPSoft Inc. through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 4,448 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. SPSoft 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 SPSoft Inc. (443670)?
The closing price on Nov 9, 2026 was 5,350 KRW. Our model-based fair value is 4,448 KRW, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SPSoft Inc. right now?
The model range is unusually wide (2,093 KRW to 5,528 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of SPSoft Inc.
How large is the market capitalisation of SPSoft Inc. (443670)?
The market capitalisation of SPSoft Inc. is 132B KRW (≈ $97.9M). 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 SPSoft Inc. (443670)?
The price-to-sales ratio of SPSoft Inc. is 2.05 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SPSoft Inc. (443670)?
Earnings per share at SPSoft Inc. are 164.43 KRW (price ÷ EPS = P/E 22.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SPSoft Inc. (443670)?
The net margin of SPSoft Inc. is 7.4% (last twelve months). 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 SPSoft Inc. (443670)?
The return on equity (ROE) of SPSoft Inc. is 5.9% (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 SPSoft Inc. (443670)?
On an EBIT basis the return on assets of SPSoft Inc. is 8.7% (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 SPSoft Inc. (443670)?
The operating margin of SPSoft Inc. is 6.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SPSoft Inc. (443670)?
Revenue at SPSoft Inc. is growing −4.1% versus a year earlier (3y avg +17.7%). 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 SPSoft Inc. (443670)?
Earnings per share at SPSoft Inc. are growing −31.7% versus a year earlier. How much earnings per share grew versus a year earlier.
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Nov 9, 2026