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Sapien Semiconductors Inc (452430) Fair Value & Analysis

Technology · KR · Market cap 218B KRW

SS Sapien Semiconductors Inc 452430 · KQ
Price29,100 KRW
Fair Value6,104 KRW
Upside-79.0%
Quality58/100
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Mixed Growth
Loss-making · -12.0% net margin
Low debt · generates free cash flow
Trails peers (3/9)
Narrow moat 15/100
Evidence: Low Range 4,220 KRW – 7,987 KRW Share as image

Fair value as of: Jul 21, 2026

From 7 valuation models · updated 20 days ago

Share price −6.1% over the past month.

A solid business, but screening 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (7,987 KRW). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (4,220 KRW to 7,987 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

53,000 KRW 9,280 KRW Fair Value 6,104 KRW Feb 2024 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

30‑month range 9,280 KRW – 53,000 KRW · fair‑value band 4,220 KRW – 7,987 KRW · the 29,100 KRW price screens above the 6,104 KRW fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Sapien Semiconductors Inc (452430) currently trades at 29,100 KRW, while our model-based Fair Value estimate is 6,104 KRW, implying the stock looks roughly 79.0% overvalued today. The Quality Score stands at 58/100 (solid 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, Sapien Semiconductors Inc generated revenue of 22.8B KRW at a net margin of -12.0%. It earns a return on equity of -19.0%. Net debt stands at 1.4B KRW. Fundamentals as of Jul 21, 2026

Our scenario range runs from 4,220 KRW (bear case) to 7,987 KRW (bull case); at 29,100 KRW, the current price sits above 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 48% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -79%, 452430 screens richer 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 9,205 KRW 18,017 KRW 32,817 KRW 80
Rev-Margin DCF 7,572 KRW 12,539 KRW 22,949 KRW 74
NCAV (Graham) 782.97 KRW 1,049 KRW 1,566 KRW 50
All 7 models by family
DCF Models
FCF DCF 9,701 KRW 14,982 KRW 32,251 KRW 38
5Y Revenue Exit 6,970 KRW 11,094 KRW 19,710 KRW 39
10Y Revenue Exit 7,650 KRW 15,121 KRW 19,743 KRW 36
Multiples
EV/Revenue 5,472 KRW 7,355 KRW 9,238 KRW 43
Asset-Based
NCAV (Graham) 782.97 KRW 1,049 KRW 1,566 KRW 50
Growth DCF
Growth DCF 9,205 KRW 18,017 KRW 32,817 KRW 80
Rev-Margin DCF 7,572 KRW 12,539 KRW 22,949 KRW 74

Widest divergence: DCF Models (14,982 KRW) versus Asset-Based (1,049 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 22.8B KRW
Revenue growth (YoY) +333%
Net margin -12.0%
Return on equity -19.0%
Free cash flow 4.0B KRW FY2025
Operating margin 1.4%
More key figures
EPS growth (YoY) -94.6%
Net debt 1.4B KRW FY2024

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 62 · Market factors (momentum, volatility) 21

Profitability 10
Margins and returns on capital today
Quality Growth 81
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 65
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

Sapien Semiconductors Inc. engages in the provision of customized ASIC products and solutions for micro-LED. The company provides silicon CMOS backplane for AR/XR displays, and micro pixel driver products for large displays and related driving chip sets The company 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

Sapien Semiconductors Inc reported revenue of 17.3B KRW in FY2025 versus 1.4B KRW in FY2021, a compound +88.4%/yr. Reported net income was −4.8B KRW in FY2025.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
17.3B KRW
Latest YoY
+116.6%
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.
+34.0%
Revenue +88.4%/yr
FY21 1.4B KRW
FY22 7.2B KRW
FY23 3.2B KRW
FY24 8.0B KRW
FY25 17.3B KRW
Net income
FY21 −3.4B KRW
FY22 −7.1B KRW
FY23 −13.1B KRW
FY24 −17.1B KRW
FY25 −4.8B KRW

452430 screens 79% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "Sapien Semiconductors Inc Fair Value". https://www.fairvalue-calculator.com/stock/452430

Peer Group

Semiconductor Equipment & Materials · 212 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 58 · Above median
Fair Value upside −79% · Bottom 25%
Return on assets -6% · Bottom 25%
Net margin (TTM) -12% · Bottom 25%
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 333% · Top 25%
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Semiconductor Equipment & Materials 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 0 · sector 0
FUTURE 100 · sector 58
PAST 0 · sector 30
HEALTH 92 · sector 96
DIVIDEND 0 · sector 16

VALUE 0: the price sits above our fair-value range.

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is Sapien Semiconductors Inc (452430) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 6,104 KRW versus a price of 29,100 KRW, about −79% (overvalued).
What is the fair value of 452430?
Our model-based fair value for Sapien Semiconductors Inc is 6,104 KRW (as of Jul 21, 2026), built from audited fundamentals. The current price is 29,100 KRW.
What is the quality score of 452430?
Sapien Semiconductors Inc has a Quality Score of 58/100. 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 Sapien Semiconductors Inc (452430)?
Sapien Semiconductors Inc reported trailing-twelve-month revenue of about 22.8B KRW (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 452430?
The net profit margin of Sapien Semiconductors Inc is about -12.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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