Capstone Partners Co., Ltd (452300) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Capstone Partners Co., Ltd stock KRW 2,114, price KRW 2,090, upside +1.1%, quality 56 out of 100. Rating: fairly valued. Calculated from audited financials with 11 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 4, 2026.
How to read this chart
36‑month range 1,783 KRW – 9,718 KRW · fair‑value band 1,987 KRW – 2,642 KRW · the 2,090 KRW price screens below the 2,114 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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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.
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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.
Stock analysis
Capstone Partners Co., Ltd (452300) currently trades at 2,090 KRW, while our model-based Fair Value estimate is 2,114 KRW, so the stock looks roughly fairly valued today (gap 1.1%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 2,773 KRW per share, and 6 of the 11 models we run sit above the 2,090 KRW price.
Bear case: the Dividend Discount group reads lowest at 283.02 KRW, and 5 of the 11 models stay below the price. Data coverage for this calculation is high.
Scenario range: 1,987 KRW (bear) to 2,642 KRW (bull), the price of 2,090 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 56/100 (solid quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Capstone Partners Co., Ltd 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.
Key figures
Market cap 28.8B KRW (≈ $21.3M) Micro · P/E ratio 11.7 · P/S ratio 3.73 · EPS (TTM) 200.93 KRW · Dividend yield 1.4% · Net margin 36.8% · Return on equity 8.4% · Return on assets (EBIT) 9.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 1%, 452300 screens cheaper than that median.
Fair Value models
Bear1,987 KRWFair Value 2,114 KRWBull2,642 KRW
Price 2,090 KRW · Upside +1.1%
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 (147.44 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.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
−16.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.4%
Dividend (yield on the price)1.4%
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.53% → 31%
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).
+15.1%
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 +12.7% a year for the price.
Compare Capstone Partners Co., Ltd with another stock
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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.Asset Management · 587 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Below median
Fair Value upside+1.1% · Below median
Profitability
Return on equity (12 months)8.4% · Above median
Return on assets5.7% · Above median
Net margin (12 months)36.8% · Above median
Operating margin (12 months)58.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)19.5% · Above median
Dividend yield (12 months)1.4% · Bottom 25%
Valuation Multiplesvs Asset Management 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.
Is Capstone Partners Co., Ltd (452300) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 2,114 KRW versus a price of 2,090 KRW, about +1% upside (fairly valued).
What is the fair value of 452300?
Our model-based fair value for Capstone Partners Co., Ltd is 2,114 KRW (as of Nov 4, 2026), built from audited fundamentals. The current price: 2,090 KRW.
What is the quality score of 452300?
Capstone Partners Co., Ltd has a Quality Score of 56/100. 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 Capstone Partners Co., Ltd (452300)?
Our model-based price target is the fair value of 2,114 KRW (as of Nov 4, 2026) from 11 valuation models. Cautious scenario 1,987 KRW, optimistic scenario 2,642 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Capstone Partners Co., Ltd stock forecast for 2026?
Our models put fair value at 2,114 KRW, about +1% upside versus a price of 2,090 KRW (fairly valued). Cautious scenario 1,987 KRW, optimistic scenario 2,642 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Capstone Partners Co., Ltd (452300)?
Capstone Partners Co., Ltd reported trailing-twelve-month revenue of about 7.7B KRW (latest available figure, as of Nov 4, 2026).
Does Capstone Partners Co., Ltd pay a dividend?
Capstone Partners Co., Ltd currently shows a dividend yield of 1.39% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Capstone Partners Co., Ltd (452300) and when is the ex-dividend date?
Capstone Partners Co., Ltd pays a dividend of 29.00 KRW per share a year, a dividend yield of 1.4%. The last ex-dividend date was Dec 29, 2025. The payout ratio is 14.4% of earnings. Free cash flow covers the dividend 2.45 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Capstone Partners Co., Ltd (452300)?
For today's price to be fair in a discounted-cash-flow model, Capstone Partners Co., Ltd would have to grow free cash flow by +15.1 % 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 -15.1 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of 452300 use?
Our models discount Capstone Partners Co., Ltd at 8.9 %: a base by market capitalisation (nano), damped by beta 0.36, 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 Capstone Partners Co., Ltd that is +15.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Capstone Partners Co., Ltd (452300) delivered so far?
Over the past 4 years revenue at Capstone Partners Co., Ltd grew -15.1 % a year. The price currently implies free-cash-flow growth of +15.1 % 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 Capstone Partners Co., Ltd (452300) growing?
The median revenue growth in the sector is +6.0 % a year. That is the yardstick for the growth priced into Capstone Partners Co., Ltd (+15.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Capstone Partners Co., Ltd (452300)?
The free-cash-flow yield on the price is 3.42 %: that much free cash flow Capstone Partners Co., Ltd 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 Capstone Partners Co., Ltd (452300)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Capstone Partners Co., Ltd it is 2,114 KRW per share (as of Nov 4, 2026), against a price of 2,090 KRW. It is the blended result of 11 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Capstone Partners Co., Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 452300 trades below its calculated fair value: price 2,090 KRW, fair value 2,114 KRW, a gap of about +1% (fairly valued). 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 452300?
No. The price is what the market pays today (2,090 KRW); the fair value is what the company's own numbers justify (2,114 KRW). For Capstone Partners Co., Ltd the two are 23.72 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Capstone Partners Co., Ltd worth?
The market values Capstone Partners Co., Ltd at about 28.8B KRW (market capitalisation, as of Nov 4, 2026). Per share that is 2,090 KRW; our models calculate a fair value of 2,114 KRW per share.
What do the bullish and bearish scenarios say about 452300?
Our models span a range for Capstone Partners Co., Ltd: cautious scenario 1,987 KRW, base 2,114 KRW, optimistic 2,642 KRW per share (as of Nov 4, 2026, price 2,090 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 452300?
Capstone Partners Co., Ltd trades at a price-to-earnings ratio of 11.7 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2,114 KRW is built from several models across several years. Other multiples: P/B 0.8, P/S 3.7, EV/EBITDA 8.8.
How solid is the balance sheet of Capstone Partners Co., Ltd (452300)?
Balance-sheet figures for Capstone Partners Co., Ltd (as of Nov 4, 2026): return on equity 8.4%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 452300 from its 52-week high?
Capstone Partners Co., Ltd trades at 2,090 KRW, about 59% below its 52-week high of 5,100 KRW and 17% above the low of 1,783 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2,114 KRW is for.
Which stocks are comparable to Capstone Partners Co., Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, 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 Capstone Partners Co., Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price 2,090 KRW, calculated fair value 2,114 KRW (+1%), Quality Score 56/100, from 11 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 452300 calculated?
We run Capstone Partners Co., Ltd through 11 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 2,114 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. Capstone Partners Co., Ltd currently trades 1% below its own fair value, and the market average says nothing about that. 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 Capstone Partners Co., Ltd (452300)?
The closing price on Nov 6, 2026 was 2,090 KRW. Our model-based fair value is 2,114 KRW, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Capstone Partners Co., Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Capstone Partners Co., Ltd
How large is the market capitalisation of Capstone Partners Co., Ltd (452300)?
The market capitalisation of Capstone Partners Co., Ltd is 28.8B KRW (≈ $21.3M). 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 Capstone Partners Co., Ltd (452300)?
The price-to-sales ratio of Capstone Partners Co., Ltd is 3.73 (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 Capstone Partners Co., Ltd (452300)?
Earnings per share at Capstone Partners Co., Ltd are 200.93 KRW (price ÷ EPS = P/E 11.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Capstone Partners Co., Ltd (452300)?
The dividend yield of Capstone Partners Co., Ltd is 1.4% (payout 14.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Capstone Partners Co., Ltd (452300)?
The net margin of Capstone Partners Co., Ltd is 36.8% (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 Capstone Partners Co., Ltd (452300)?
The return on equity (ROE) of Capstone Partners Co., Ltd is 8.4% (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 Capstone Partners Co., Ltd (452300)?
On an EBIT basis the return on assets of Capstone Partners Co., Ltd is 9.8% (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 Capstone Partners Co., Ltd (452300)?
The operating margin of Capstone Partners Co., Ltd is 58.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Capstone Partners Co., Ltd (452300)?
Revenue at Capstone Partners Co., Ltd is growing +19.5% versus a year earlier (3y avg −15.1%). 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 Capstone Partners Co., Ltd (452300)?
Earnings per share at Capstone Partners Co., Ltd are growing +124% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Capstone Partners Co., Ltd (452300) carry?
The net debt of Capstone Partners Co., Ltd is 282M KRW (fiscal year 2024, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 4, 2026