Inswave Co (450520) Fair Value & Analysis
Technology · KR · Market cap 31.7B KRW
Fair value as of: Jul 11, 2026
From 1 valuation models · updated today
Fair value updated Jul 11, 2026 — revised from 16,529 KRW to 1,772 KRW (−89.3%) since Jun 24, 2026. Share price −17.9% over the past month.
Price vs Fair Value (12 months)
12‑month range 1,775 KRW – 4,954 KRW · fair‑value band 1,170 KRW – 2,215 KRW · the 1,775 KRW price screens above the 1,772 KRW fair value. As of Jul 11, 2026.
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Inswave Co (450520) currently trades at 1,775 KRW, while our model-based Fair Value estimate is 1,772 KRW — implying the stock looks roughly 0.2% overvalued today. We read business quality at 38/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).
Over the trailing twelve months, Inswave Co generated revenue of 43.1B KRW at a net margin of -6.7%. Revenue grew 58.3% year over year. It earns a return on equity of -7.2%. Net debt stands at 828M KRW. Fundamentals as of Jul 11, 2026
Our scenario range runs from 1,170 KRW (bear case) to 2,215 KRW (bull case); at 1,775 KRW, the current price sits within that range. The share trades about 66% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 6% fair-value upside — at 0%, 450520 screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 11, 2026. TTM = trailing twelve months.
About the company
Inswave Co., Ltd. provides standard web UI/UX tool in South Korea. The company offers WebSquare, a standard web UI platform; and ProWorks, an application lifecycle management framework to manage the entire processes of enterprise systems from development to maintenance. It also provides application framework, SI/SD/SM, business package, and consulting outsourcing services. The company was formerly known as Inswave Systems Co., Ltd. and changed its name to Inswave Co., Ltd. in March 2025. The company was founded in 2002 and is based in Seoul, South Korea.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Inswave Co reported revenue of 39.0B KRW in FY2025 versus 32.6B KRW in FY2021, a compound +4.5%/yr. Reported net income was −3.5B KRW in FY2025.
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Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $252.22 | $147.06 | -42% |
| Accenture plc ACN | $170.50 | $228.49 | +34% |
| Tata Consultancy Services Limited TCS | ₹2,199 | ₹1,863 | -15% |
| Infosys Limited INFY | ₹1,065 | ₹15.23 | -99% |
| HCL Technologies Limited HCLTECH | ₹1,155 | ₹1,220 | +6% |
| Fiserv, Inc F1IS34 | R$138.03 | R$210.65 | +53% |
| Cognizant Technology Solutions Corporation CTSH34 | R$271.88 | R$439.61 | +62% |
| Wipro Limited WIPRO | ₹198.37 | ₹205.08 | +3% |
| Fidelity National Information Services, Inc F1NI34 | R$12.00 | R$13.04 | +9% |
| Broadridge Financial Solutions, Inc B1RF34 | R$193.00 | R$41.61 | -78% |
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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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.