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Shift Up Corporation (462870) Fair Value & Analysis

Communication Services · KR · Market cap 1.8T KRW

SU Shift Up Corporation 462870 · KO
Price32,750 KRW
Fair Value56,592 KRW
Upside+72.8%
Quality74/100
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Healthy Growth
Highly profitable · 65.5% net margin
generates free cash flow
Ranks above peers (8/8)
Wide moat 91/100
Evidence: High Range 39,415 KRW – 71,385 KRW Share as image

Fair value as of: Jul 24, 2026

From 24 valuation models · updated 17 days ago

Share price −9.0% over the past month.

A solid business, screening 73% undervalued on our models.

What matters now

  • The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (39,415 KRW). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (39,415 KRW to 71,385 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (2 years)

78,300 KRW 28,200 KRW Fair Value 56,592 KRW Jul 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

25‑month range 28,200 KRW – 78,300 KRW · fair‑value band 39,415 KRW – 71,385 KRW · the 32,750 KRW price screens below the 56,592 KRW fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Shift Up Corporation (462870) currently trades at 32,750 KRW, while our model-based Fair Value estimate is 56,592 KRW, implying the stock looks roughly 72.8% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Communication 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, Shift Up Corporation generated revenue of 294B KRW at a net margin of 65.5%. Revenue grew 30.1% year over year. It earns a return on equity of 24.7%. Fundamentals as of Jul 24, 2026

Our scenario range runs from 39,415 KRW (bear case) to 71,385 KRW (bull case); at 32,750 KRW, the current price sits below 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 40% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -19% fair-value upside, at 73%, 462870 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 BearBaseBull Evidence
Highest evidence
Growth DCF 46,720 KRW 95,316 KRW 176,930 KRW 72
Growth-Adj P/E 107,291 KRW 153,273 KRW 199,254 KRW 68
Rev-Margin DCF 25,111 KRW 39,167 KRW 67,423 KRW 67
All 24 models by family
DCF Models
FCF DCF 49,455 KRW 78,579 KRW 173,809 KRW 38
Owner Earnings 57,703 KRW 132,655 KRW 297,039 KRW 31
5Y Revenue Exit 23,156 KRW 34,406 KRW 57,596 KRW 39
5Y EBITDA Exit 36,768 KRW 61,941 KRW 111,247 KRW 41
5Y P/E Exit 56,386 KRW 127,022 KRW 223,878 KRW 38
10Y Revenue Exit 30,405 KRW 54,579 KRW 66,797 KRW 36
10Y EBITDA Exit 41,071 KRW 84,582 KRW 158,942 KRW 37
10Y P/E Exit 55,714 KRW 127,823 KRW 247,809 KRW 35
Earnings-Based
Graham-Dodd 22,433 KRW 156,447 KRW 219,550 KRW 54
Lynch FV 80,826 KRW 115,466 KRW 150,106 KRW 50
PEG = 1.0 80,826 KRW 115,466 KRW 150,106 KRW 46
EPV 26,597 KRW 30,956 KRW 34,830 KRW 59
Multiples
P/E Multiple 54,434 KRW 72,579 KRW 90,723 KRW 63
P/S Multiple 13,325 KRW 17,766 KRW 22,208 KRW 58
P/B Multiple 41,673 KRW 55,564 KRW 69,455 KRW 55
EV/EBIT 39,415 KRW 51,921 KRW 64,427 KRW 53
EV/EBITDA 30,939 KRW 40,619 KRW 50,299 KRW 54
EV/Revenue 12,558 KRW 17,126 KRW 21,694 KRW 43
Asset-Based
NCAV (Graham) 7,938 KRW 10,637 KRW 15,875 KRW 50
Growth DCF
Growth DCF 46,720 KRW 95,316 KRW 176,930 KRW 72
Rev-Margin DCF 25,111 KRW 39,167 KRW 67,423 KRW 67
Economic Profit
Residual Income 23,213 KRW 31,003 KRW 155,933 KRW 61
ROIC Compounder 36,709 KRW 56,592 KRW 71,385 KRW 67
Growth Earnings
Growth-Adj P/E 107,291 KRW 153,273 KRW 199,254 KRW 68

Widest divergence: Growth Earnings (153,273 KRW) versus Asset-Based (10,637 KRW). Highest evidence: Growth DCF (72).

Key figures & financial health

Revenue (TTM) 294B KRW
Revenue growth (YoY) +30.1%
Net margin 65.5%
Return on equity 24.7%
Free cash flow 155B KRW FY2025
Operating margin 65.6%
More key figures
EPS growth (YoY) +136%

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 71 · Market factors (momentum, volatility) 38

Profitability 67
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 85
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

Shift Up Corporation operates as a game design and development studio. It offers game production, promotional video, and music production based on illustration, planning, and programming skills. The company was founded in 2013 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Shift Up Corporation reported revenue of 295B KRW in FY2025 versus 66.1B KRW in FY2022, a compound +64.6%/yr. Reported net income was 191B KRW in FY2025.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
295B KRW
Latest YoY
+31.4%
Avg. growth/yr (3Y)
+64.6%
Revenue +64.6%/yr
FY22 66.1B KRW
FY23 169B KRW
FY24 224B KRW
FY25 295B KRW
Net income
FY22 −7.1B KRW
FY23 107B KRW
FY24 148B KRW
FY25 191B KRW

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Cite: Fair Value Calculator (2026). "Shift Up Corporation Fair Value". https://www.fairvalue-calculator.com/stock/462870

Peer Group

Electronic Gaming & Multimedia · 152 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 74 · Top 25%
Fair Value upside +73% · Top 25%
Return on equity (TTM) 25% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 66% · Top 25%
Operating margin (TTM) 66% · Top 25%
Revenue growth 30% · Top 25%

Valuation Multiples vs Electronic Gaming & Multimedia 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 100 · sector 17
FUTURE 100 · sector 10
PAST 99 · sector 11
HEALTH 0 · sector 99
DIVIDEND 0 · sector 41

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 Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
NetEase, Inc 9999 HK$202.60 HK$192.74 -5%
Electronic Arts Inc EA $207.27 $76.57 -63%
Take-Two Interactive Software, Inc TTWO $237.04 $60.45 -74%
Roblox Corporation RBLX $57.07 $21.20 -63%
Zhejiang Century Huatong Group 002602 ¥14.04 ¥14.68 +5%
KRAFTON, Inc 259960 240,500 KRW 395,557 KRW +64%
Kunlun Tech Co 300418 ¥44.61 ¥6.87 -85%
Giant Network Group 002558 ¥29.98 ¥15.69 -48%
International Games System Co 3293 704.00 TWD 568.16 TWD -19%
37 Interactive Entertainment Network Technology Group 002555 ¥19.02 ¥22.29 +17%

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Frequently asked questions

Is Shift Up Corporation (462870) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 56,592 KRW versus a price of 32,750 KRW, about +73% (undervalued).
What is the fair value of 462870?
Our model-based fair value for Shift Up Corporation is 56,592 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 32,750 KRW.
What is the quality score of 462870?
Shift Up Corporation has a Quality Score of 74/100. 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 Shift Up Corporation (462870)?
Shift Up Corporation reported trailing-twelve-month revenue of about 294B KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 462870?
The net profit margin of Shift Up Corporation is about 65.5%, meaning it keeps roughly 65.5% of revenue as net income. 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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