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Capstone Partners Co (452300) Fair Value & Analysis

Financial Services · KR · Market cap 31.2B KRW

CP Capstone Partners Co 452300 · KQ
Price2,265 KRW
Fair Value2,774 KRW
Upside+22.5%
Quality54/100
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Mixed Growth
Highly profitable · 32.3% net margin
Low debt · generates free cash flow
1.31% dividend yield
Ranks above peers (7/10)
Wide moat 68/100
Evidence: High Range 2,080 KRW – 3,467 KRW Share as image

Fair value as of: Jul 21, 2026

From 9 valuation models · updated 20 days ago

Share price −1.7% over the past month.

A solid business, screening 22% undervalued on our models.

What matters now

  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (3 years)

9,718 KRW 1,783 KRW Fair Value 2,774 KRW Nov 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

33‑month range 1,783 KRW – 9,718 KRW · fair‑value band 2,080 KRW – 3,467 KRW · the 2,265 KRW price screens below the 2,774 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

Capstone Partners Co (452300) currently trades at 2,265 KRW, while our model-based Fair Value estimate is 2,774 KRW, implying the stock looks roughly 22.5% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Financial Services 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: high), always confirm before acting.

Over the trailing twelve months, Capstone Partners Co generated revenue of 7.4B KRW at a net margin of 32.3%. Revenue grew 2.8% year over year. It earns a return on equity of 7.2%. Net debt stands at 282M KRW. Fundamentals as of Jul 21, 2026

Our scenario range runs from 2,080 KRW (bear case) to 3,467 KRW (bull case); at 2,265 KRW, the current price sits within 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 60% below its 52-week high, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 22%, 452300 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
Growth DCF 1,096 KRW 1,360 KRW 1,813 KRW 80
Residual Income 1,957 KRW 2,047 KRW 2,157 KRW 76
Rev-Margin DCF 1,159 KRW 1,575 KRW 2,082 KRW 74
All 9 models by family
DCF Models
5Y P/E Exit 1,924 KRW 2,884 KRW 4,027 KRW 38
10Y P/E Exit 1,581 KRW 2,206 KRW 2,814 KRW 35
Earnings-Based
Graham-Dodd 1,110 KRW 1,356 KRW 1,526 KRW 54
Multiples
P/E Multiple 2,448 KRW 3,263 KRW 4,079 KRW 63
P/B Multiple 2,080 KRW 2,774 KRW 3,467 KRW 55
Asset-Based
NCAV (Graham) 1,217 KRW 1,631 KRW 2,434 KRW 50
Growth DCF
Growth DCF 1,096 KRW 1,360 KRW 1,813 KRW 80
Rev-Margin DCF 1,159 KRW 1,575 KRW 2,082 KRW 74
Economic Profit
Residual Income 1,957 KRW 2,047 KRW 2,157 KRW 76

Widest divergence: Multiples (2,774 KRW) versus Earnings-Based (1,356 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 7.4B KRW
Revenue growth (YoY) +2.8%
Net margin 32.3%
Return on equity 7.2%
Free cash flow 1.0B KRW FY2025
Operating margin 35.1%
More key figures
Dividend yield 1.3%
EPS growth (YoY) +35.0%
Net debt 282M KRW FY2024

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 51 · Market factors (momentum, volatility) 16

Profitability 42
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 71
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

Capstone Partners Co., Ltd. is a venture capital firm specializing in early stage, growth capital companies operating in the information technology, wireless technology, architecture, pharmaceutical, Internet, online game, software, solid state disk, and IP television sectors.

Full company description

Capstone Partners Co., Ltd. is a venture capital firm specializing in early stage, growth capital companies operating in the information technology, wireless technology, architecture, pharmaceutical, Internet, online game, software, solid state disk, and IP television sectors. The firm also considers investments in 5G, artificial intelligence, blockchain, big data. It also makes investments in companies that it had invested previously that operate in the information communication technology industry. The firm primarily invests in China and South Korea, with a focus in Seoul and Gyeonggi province. It prefers to exit its investments through a trade sale. Capstone Partners LLC was founded in 2008 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Capstone Partners Co reported revenue of 7.5B KRW in FY2025 versus 14.4B KRW in FY2021, a compound −15.1%/yr. Reported net income was 2.3B KRW in FY2025, compounding −20.1%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
7.5B KRW
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.
−12.3%
Revenue −15.1%/yr
FY21 14.4B KRW
FY22 12.2B KRW
FY23 9.5B KRW
FY24 9.7B KRW
FY25 7.5B KRW
Net income −20.1%/yr
FY21 5.7B KRW
FY22 6.1B KRW
FY23 −4.3B KRW
FY24 1.8B KRW
FY25 2.3B KRW

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Cite: Fair Value Calculator (2026). "Capstone Partners Co Fair Value". https://www.fairvalue-calculator.com/stock/452300

Peer Group

Asset Management · 971 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 53 · Below median
Fair Value upside +23% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 6% · Above median
Net margin (TTM) 32% · Above median
Operating margin (TTM) 35% · Below median
Revenue growth 3% · Above median
Dividend yield (TTM) 1.3% · Below median

Valuation Multiples vs Asset Management median · lower = cheaper

P/FCF 0.0× · 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 63 · sector 37
FUTURE 14 · sector 6
PAST 29 · sector 26
HEALTH 100 · sector 95
DIVIDEND 26 · sector 69

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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is Capstone Partners Co (452300) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 2,774 KRW versus a price of 2,265 KRW, about +22% (undervalued).
What is the fair value of 452300?
Our model-based fair value for Capstone Partners Co is 2,774 KRW (as of Jul 21, 2026), built from audited fundamentals. The current price is 2,265 KRW.
What is the quality score of 452300?
Capstone Partners Co has a Quality Score of 54/100. 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 Capstone Partners Co (452300)?
Capstone Partners Co reported trailing-twelve-month revenue of about 7.4B KRW (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 452300?
The net profit margin of Capstone Partners Co is about 32.3%, meaning it keeps roughly 32.3% of revenue as net income. Based on the latest reported figures.
Does Capstone Partners Co pay a dividend?
Capstone Partners Co currently shows a dividend yield of about 1.05% relative to its recent price (as of Jul 21, 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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