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COTS Technology Co (448710) Fair Value & Analysis

Technology · KR · Market cap 46.6B KRW

CT COTS Technology Co 448710 · KQ
Price11,990 KRW
Fair Value32,965 KRW
Upside+174.9%
Quality32/100
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Expensive Growth
Solidly profitable · 10.1% net margin
Moderate debt · negative free cash flow
1.43% dividend yield
Ranks above peers (7/10)
Moderate moat 46/100
Evidence: Medium Range 23,049 KRW – 42,880 KRW Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated today

Share price +17.9% over the past month.

Below-average quality, screening 175% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (32/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (23,049 KRW). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (23,049 KRW to 42,880 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

28,161 KRW 9,330 KRW Fair Value 32,965 KRW Aug 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

36‑month range 9,330 KRW – 28,161 KRW · fair‑value band 23,049 KRW – 42,880 KRW · the 11,990 KRW price screens below the 32,965 KRW fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

COTS Technology Co (448710) currently trades at 11,990 KRW, while our model-based Fair Value estimate is 32,965 KRW, implying the stock looks roughly 174.9% undervalued today. The Quality Score stands at 32/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, COTS Technology Co generated revenue of 71.4B KRW at a net margin of 10.1%. Revenue grew 24.5% year over year. It earns a return on equity of 14.1%. Net debt stands at 30.4B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 23,049 KRW (bear case) to 42,880 KRW (bull case); at 11,990 KRW, the current price sits below 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 58% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at 175%, 448710 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 11,488 KRW 14,530 KRW 36,531 KRW 76
ROIC Compounder 7,284 KRW 9,615 KRW 11,653 KRW 72
Growth-Adj P/E 34,578 KRW 49,397 KRW 64,216 KRW 68
All 14 models by family
Earnings-Based
Graham-Dodd 11,062 KRW 74,247 KRW 104,023 KRW 54
Lynch FV 21,738 KRW 31,054 KRW 40,370 KRW 50
PEG = 1.0 21,738 KRW 31,054 KRW 40,370 KRW 46
EPV 7,284 KRW 9,615 KRW 11,653 KRW 59
Multiples
P/E Multiple 34,161 KRW 45,548 KRW 56,935 KRW 63
P/S Multiple 20,740 KRW 27,654 KRW 34,567 KRW 58
P/B Multiple 20,740 KRW 27,654 KRW 34,567 KRW 55
EV/EBIT 26,752 KRW 37,901 KRW 49,050 KRW 53
EV/EBITDA 23,049 KRW 32,965 KRW 42,880 KRW 54
EV/Revenue 10,213 KRW 17,460 KRW 24,708 KRW 43
Asset-Based
NCAV (Graham) 5,936 KRW 7,954 KRW 11,871 KRW 50
Economic Profit
Residual Income 11,488 KRW 14,530 KRW 36,531 KRW 76
ROIC Compounder 7,284 KRW 9,615 KRW 11,653 KRW 72
Growth Earnings
Growth-Adj P/E 34,578 KRW 49,397 KRW 64,216 KRW 68

Widest divergence: Growth Earnings (49,397 KRW) versus Asset-Based (7,954 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 71.4B KRW
Revenue growth (YoY) +24.5%
Net margin 10.1%
Return on equity 14.1%
Free cash flow −38.1B KRW FY2025
Operating margin 8.1%
More key figures
Dividend yield 1.1%
EPS growth (YoY) -10.8%
Net debt 30.4B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 32/100

Of which business quality 35 · Market factors (momentum, volatility) 12

Profitability 41
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 64
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

COTS Technology Co., Ltd. manufactures and sells computers and displays for the military and other industries in South Korea. The company offers single-board computers, I/O boards, power boards, and ETC boards; rugged LCD displays; FPGA accelerators; IP products; and IoT products.

Full company description

COTS Technology Co., Ltd. manufactures and sells computers and displays for the military and other industries in South Korea. The company offers single-board computers, I/O boards, power boards, and ETC boards; rugged LCD displays; FPGA accelerators; IP products; and IoT products. It also provides electronic interlocking devices and high-speed control devices for railroad vehicles and hardware products for submarine applications. COTS Technology Co., Ltd. was founded in 1999 and is based in Seongnam-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

COTS Technology Co reported revenue of 68.1B KRW in FY2025 versus 31.9B KRW in FY2021, a compound +20.9%/yr. Reported net income was 7.4B KRW in FY2025, compounding +34.2%/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)
68.1B KRW
Latest YoY
+4.8%
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.
+17.6%
Revenue +20.9%/yr
FY21 31.9B KRW
FY22 41.8B KRW
FY23 51.3B KRW
FY24 65.0B KRW
FY25 68.1B KRW
Net income +34.2%/yr
FY21 2.3B KRW
FY22 2.3B KRW
FY23 7.0B KRW
FY24 8.2B KRW
FY25 7.4B KRW

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Cite: Fair Value Calculator (2026). "COTS Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/448710

Peer Group

Computer Hardware · 224 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 32 · Bottom 25%
Fair Value upside +175% · Top 25%
Return on equity (TTM) 14% · Above median
Return on assets 5% · Above median
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 8% · Above median
Revenue growth 25% · Above median
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.76× · Higher than 75% of peers

Valuation Multiples vs Computer Hardware median · lower = cheaper

EV/EBITDA 3.2× · Cheaper than 75% of peers

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 100 · sector 0
FUTURE 100 · sector 59
PAST 56 · sector 23
HEALTH 62 · sector 97
DIVIDEND 29 · sector 42

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Dell Technologies Inc DELL $484.50 $187.75 -61%
Arista Networks, Inc ANET $210.50 $57.72 -73%
Western Digital Corporation WDC $454.10 $90.94 -80%
Hygon Information Technology Co 688041 ¥287.66 ¥30.66 -89%
Hangzhou Hikvision Digital Technology Co 002415 ¥36.47 ¥40.44 +11%
Shenzhen Longsys Electronics Co 301308 ¥414.30 ¥91.67 -78%
Lenovo Group 0992 HK$29.04 HK$4.30 -85%
Dawning Information Industry Co 603019 ¥86.42 ¥39.38 -54%
Inspur Electronic Information Industry Co 000977 ¥75.02 ¥44.02 -41%
Lite-On Technology Corporation 2301 269.50 TWD 121.96 TWD -55%

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Frequently asked questions

Is COTS Technology Co (448710) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 32,965 KRW versus a price of 11,990 KRW, about +175% (undervalued).
What is the fair value of 448710?
Our model-based fair value for COTS Technology Co is 32,965 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price is 11,990 KRW.
What is the quality score of 448710?
COTS Technology Co has a Quality Score of 32/100. 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 COTS Technology Co (448710)?
COTS Technology Co reported trailing-twelve-month revenue of about 71.4B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 448710?
The net profit margin of COTS Technology Co is about 10.1%, meaning it keeps roughly 10.1% of revenue as net income. Based on the latest reported figures.
Does COTS Technology Co pay a dividend?
COTS Technology Co currently shows a dividend yield of about 1.12% relative to its recent price (as of Aug 13, 2026).

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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