SPSoft Inc. (443670) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of SPSoft Inc. KRW 3,898, price KRW 5,000, upside -22.0%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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
31‑month range 2,615 KRW – 25,950 KRW · fair‑value band 2,538 KRW – 4,808 KRW · the 5,000 KRW price screens above the 3,898 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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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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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. 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 5,000 KRW, while our model-based Fair Value estimate is 3,898 KRW, implying the stock looks roughly 28.3% 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 7 of the 24 models we run sit above the 5,000 KRW price.
Bear case: the Economic Profit group reads lowest at 1,519 KRW, and 17 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 2,538 KRW (bear) to 4,808 KRW (bull), the price of 5,000 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 49/100 (below-average 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 124B KRW (≈ $86.6M) · P/S ratio 1.18 · Net margin 7.0% · Return on equity 6.5% · Return on assets (EBIT) 8.7% · Operating margin 6.6% · Revenue (TTM) 53.9B KRW · Revenue growth (YoY) −4.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 91% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 66% fair-value upside, at −22%, 443670 screens richer than that median.
Fair Value models
Bear 2,538 KRWFair Value 3,898 KRWBull 4,808 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.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
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).
+27.4%
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 +24.8% 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 · 497 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−22% · Below median
Profitability
Return on equity (TTM)6% · Below median
Return on assets3% · Below median
Net margin (TTM)8% · Above median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth−4% · 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 Sep 24, 2026, our model estimates a fair value of 3,898 KRW versus a price of 5,000 KRW, about −22% upside (overvalued).
What is the fair value of 443670?
Our model-based fair value for SPSoft Inc. is 3,898 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 5,000 KRW.
What is the quality score of 443670?
SPSoft Inc. has a Quality Score of 49/100. 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 3,898 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 2,538 KRW, optimistic scenario 4,808 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 3,898 KRW, about −22% upside versus a price of 5,000 KRW (overvalued). Cautious scenario 2,538 KRW, optimistic scenario 4,808 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 53.9B KRW (latest available figure, as of Sep 24, 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 +27.4 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +33.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 443670 use?
Our models discount SPSoft Inc. at 8.9 %: a base by market capitalisation (nano), damped by beta 0.15, 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 +27.4 % per year a year over ten years, using the same discount rate (8.9 %) 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 +27.4 % 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 SPSoft Inc. (443670) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into SPSoft Inc. (+27.4 % 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 SPSoft Inc. (443670)?
The free-cash-flow yield on the price is 1.24 %: that much free cash flow SPSoft Inc. produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), 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 3,898 KRW per share (as of Sep 24, 2026), against a price of 5,000 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is SPSoft Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 443670 trades above its calculated fair value: price 5,000 KRW, fair value 3,898 KRW, a gap of about −22% (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 (5,000 KRW); the fair value is what the company's own numbers justify (3,898 KRW). For SPSoft Inc. the two are 1,102 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 124B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 5,000 KRW; our models calculate a fair value of 3,898 KRW per share.
What do the bullish and bearish scenarios say about 443670?
Our models span a range for SPSoft Inc.: cautious scenario 2,538 KRW, base 3,898 KRW, optimistic 4,808 KRW per share (as of Sep 24, 2026, price 5,000 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SPSoft Inc. (443670)?
Balance-sheet figures for SPSoft Inc. (as of Sep 24, 2026): return on equity 6.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 443670 from its 52-week high?
SPSoft Inc. trades at 5,000 KRW, about 26% below its 52-week high of 6,770 KRW and 91% above the low of 2,615 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 3,898 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 Sep 24, 2026: price 5,000 KRW, calculated fair value 3,898 KRW (−22%), Quality Score 49/100, 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 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 3,898 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 13.2 % 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 Sep 23, 2026 was 5,000 KRW. Our model-based fair value is 3,898 KRW, about −22% upside (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 price sits above even our optimistic bull case (4,808 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (2,538 KRW to 4,808 KRW) leaves room in how you read the outcome.
Key figures of SPSoft Inc.
How large is the market capitalisation of SPSoft Inc. (443670)?
The market capitalisation of SPSoft Inc. is 124B KRW (≈ $86.6M). 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 1.18 (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 SPSoft Inc. (443670)?
The net margin of SPSoft Inc. is 7.0% (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 SPSoft Inc. (443670)?
The return on equity (ROE) of SPSoft Inc. is 6.5% (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 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 6.6% (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 −4.4% 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 +96.3% versus a year earlier. How much earnings per share grew versus a year earlier.
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