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IVIM Technology, Inc (460470) Fair Value & Analysis

Healthcare · KR · Market cap 42.5B KRW

IT IVIM Technology, Inc 460470 · KQ
Price3,180 KRW
Fair Value1,197 KRW
Upside-62.4%
Quality34/100
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Expensive Growth
Loss-making · -87.3% net margin
Low debt · negative free cash flow
Trails peers (1/7)
Narrow moat 6/100
Evidence: Low Range 789.71 KRW – 1,496 KRW Share as image

Fair value as of: Jul 21, 2026

From 1 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 1,198 KRW to 1,197 KRW (−0.1%) since Jul 11, 2026. Share price +8.0% over the past month.

Below-average quality, and screening another 62% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,496 KRW). The favourable scenario is already priced in.
  • Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (789.71 KRW to 1,496 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (2 years)

13,360 KRW 2,530 KRW Fair Value 1,197 KRW Aug 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

24‑month range 2,530 KRW – 13,360 KRW · fair‑value band 789.71 KRW – 1,496 KRW · the 3,180 KRW price screens above the 1,197 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

IVIM Technology, Inc (460470) currently trades at 3,180 KRW, while our model-based Fair Value estimate is 1,197 KRW, implying the stock looks roughly 62.4% overvalued today. The Quality Score stands at 34/100 (below-average quality), in the Healthcare 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, IVIM Technology, Inc generated revenue of 4.3B KRW at a net margin of -87.3%. Revenue declined 48.9% year over year. It earns a return on equity of -13.4%. Net debt stands at 507M KRW. Fundamentals as of Jul 21, 2026

Our scenario range runs from 789.71 KRW (bear case) to 1,496 KRW (bull case); at 3,180 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 36% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -26% fair-value upside, at -62%, 460470 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
NCAV (Graham) 913.98 KRW 1,225 KRW 1,828 KRW 50
All 1 models by family
Asset-Based
NCAV (Graham) 913.98 KRW 1,225 KRW 1,828 KRW 50

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Key figures & financial health

Revenue (TTM) 4.3B KRW
Revenue growth (YoY) -48.9%
Net margin -87.3%
Return on equity -13.4%
Free cash flow −6.7B KRW FY2025
Operating margin -1,897%
More key figures
Net debt 507M KRW FY2022

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

Quality Score breakdown

Overall quality 34/100

Of which business quality 39 · Market factors (momentum, volatility) 18

Profitability 2
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 9
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 80
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

IVIM Technology, Inc. develops intravital microscopy (IVM) platform. Its products include IVM-C3, a system for simultaneously observing various multi-cellular behaviors in small live animal models; IVM-M3, a system for users who need to conduct deeper-tissue imaging using less-scattering NIR wavelength; IVM-CMS3 for intravital functional imaging; IVM-CM3 …

Full company description

IVIM Technology, Inc. develops intravital microscopy (IVM) platform. Its products include IVM-C3, a system for simultaneously observing various multi-cellular behaviors in small live animal models; IVM-M3, a system for users who need to conduct deeper-tissue imaging using less-scattering NIR wavelength; IVM-CMS3 for intravital functional imaging; IVM-CM3 that provides three-dimensional imaging of living cells near the skin or deep into the tumor in small animals; IVM-MS3 for in vivo imaging; and IVM-customized products. The company also provides preclinical contract research organization services. Its products are used in live cell intravital imaging, repetitive intravital imaging, in vivo drug efficacy monitoring, in vivo drug delivery monitoring, and ex vivo imaging applications. The company was founded in 2017 and is based in Daejeon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

IVIM Technology, Inc reported revenue of 4.4B KRW in FY2025 versus 527M KRW in FY2021, a compound +69.8%/yr. Reported net income was −3.8B KRW in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.4B KRW
Latest YoY
+22.8%
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.
+48.4%
Revenue +69.8%/yr
FY21 527M KRW
FY22 1.3B KRW
FY23 4.5B KRW
FY24 3.6B KRW
FY25 4.4B KRW
Net income
FY21 −2.6B KRW
FY22 −9.7B KRW
FY23 −5.0B KRW
FY24 −4.0B KRW
FY25 −3.8B KRW

460470 screens 62% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "IVIM Technology, Inc Fair Value". https://www.fairvalue-calculator.com/stock/460470

Peer Group

Medical Devices · 352 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 39 · Bottom 25%
Fair Value upside −62% · Bottom 25%
Return on assets -8% · Below median
Net margin (TTM) -87% · Bottom 25%
Revenue growth -49% · Bottom 25%
Debt / equity 0.03× · Lower than median

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 0 · sector 29
PAST 0 · sector 8
HEALTH 99 · sector 97
DIVIDEND 0 · sector 38

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

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
DexCom, Inc DXCM $74.96 $38.95 -48%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%

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Frequently asked questions

Is IVIM Technology, Inc (460470) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 1,197 KRW versus a price of 3,180 KRW, about −62% (overvalued).
What is the fair value of 460470?
Our model-based fair value for IVIM Technology, Inc is 1,197 KRW (as of Jul 21, 2026), built from audited fundamentals. The current price is 3,180 KRW.
What is the quality score of 460470?
IVIM Technology, Inc has a Quality Score of 34/100. 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 IVIM Technology, Inc (460470)?
IVIM Technology, Inc reported trailing-twelve-month revenue of about 4.3B KRW (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 460470?
The net profit margin of IVIM Technology, Inc is about -87.3%, 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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