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Knowmerce Corp (473980) Fair Value & Analysis

Industrials · KR · Market cap 113B KRW

KC Knowmerce Corp 473980 · KQ
Price11,170 KRW
Fair Value20,098 KRW
Upside+79.9%
Quality59/100
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Expensive Growth
Solidly profitable · 18.8% net margin
Low debt · generates free cash flow
Ranks above peers (7/9)
Moderate moat 64/100
Evidence: High Range 9,508 KRW – 24,870 KRW Share as image

Fair value as of: Jul 22, 2026

From 23 valuation models · updated 19 days ago

Share price −4.1% over the past month.

A solid business, screening 80% undervalued on our models.

What matters now

  • The model range is unusually wide (9,508 KRW to 24,870 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (21 months)

36,500 KRW 9,100 KRW Fair Value 20,098 KRW Nov 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

21‑month range 9,100 KRW – 36,500 KRW · fair‑value band 9,508 KRW – 24,870 KRW · the 11,170 KRW price screens below the 20,098 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Knowmerce Corp (473980) currently trades at 11,170 KRW, while our model-based Fair Value estimate is 20,098 KRW, implying the stock looks roughly 79.9% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials 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, Knowmerce Corp generated revenue of 75.2B KRW at a net margin of 18.8%. Revenue declined 2.9% year over year. It earns a return on equity of 14.2%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 9,508 KRW (bear case) to 24,870 KRW (bull case); at 11,170 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 71% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 80%, 473980 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 1,023 KRW 1,036 KRW 1,057 KRW 80
ROIC Compounder 9,508 KRW 13,202 KRW 16,912 KRW 72
Growth-Adj P/E 43,236 KRW 61,766 KRW 80,295 KRW 68
All 23 models by family
DCF Models
FCF DCF 1,023 KRW 1,031 KRW 1,057 KRW 38
Owner Earnings 22,242 KRW 49,327 KRW 106,186 KRW 31
5Y Revenue Exit 8,029 KRW 15,201 KRW 30,382 KRW 39
5Y EBITDA Exit 9,811 KRW 18,804 KRW 36,524 KRW 41
5Y P/E Exit 17,062 KRW 42,257 KRW 77,517 KRW 38
10Y Revenue Exit 5,742 KRW 16,127 KRW 24,213 KRW 36
10Y EBITDA Exit 7,436 KRW 19,964 KRW 43,298 KRW 37
10Y P/E Exit 12,726 KRW 35,578 KRW 75,284 KRW 35
Earnings-Based
Graham-Dodd 9,174 KRW 63,981 KRW 89,788 KRW 54
Lynch FV 33,055 KRW 47,222 KRW 61,388 KRW 50
PEG = 1.0 33,055 KRW 47,222 KRW 61,388 KRW 46
EPV 9,458 KRW 10,866 KRW 12,098 KRW 59
Multiples
P/E Multiple 21,250 KRW 28,333 KRW 35,416 KRW 63
P/S Multiple 10,322 KRW 13,762 KRW 17,203 KRW 58
P/B Multiple 17,202 KRW 22,936 KRW 28,670 KRW 55
EV/EBIT 15,326 KRW 20,098 KRW 24,870 KRW 53
EV/EBITDA 12,658 KRW 16,541 KRW 20,424 KRW 54
EV/Revenue 9,680 KRW 13,396 KRW 17,111 KRW 43
Asset-Based
NCAV (Graham) 4,712 KRW 6,314 KRW 9,423 KRW 50
Growth DCF
Growth DCF 1,023 KRW 1,036 KRW 1,057 KRW 80
Economic Profit
Residual Income 9,263 KRW 12,039 KRW 33,297 KRW 61
ROIC Compounder 9,508 KRW 13,202 KRW 16,912 KRW 72
Growth Earnings
Growth-Adj P/E 43,236 KRW 61,766 KRW 80,295 KRW 68

Widest divergence: Growth Earnings (61,766 KRW) versus Growth DCF (1,036 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 75.2B KRW
Revenue growth (YoY) -2.9%
Net margin 18.8%
Return on equity 14.2%
Free cash flow 9.2M KRW FY2025
Operating margin 19.9%
More key figures
EPS growth (YoY) -16.0%

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 56 · Market factors (momentum, volatility) 1

Profitability 63
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 69
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

Knowmerce Corp. provides entertainment services through artist intellectual property rights in South Korea. The company offers content services through Wonderwall; and Fromm, a fandom platform that provides communication and fandom management channels, including private message, communities, and fan clubs, as well as albums and hosting performance, content …

Full company description

Knowmerce Corp. provides entertainment services through artist intellectual property rights in South Korea. The company offers content services through Wonderwall; and Fromm, a fandom platform that provides communication and fandom management channels, including private message, communities, and fan clubs, as well as albums and hosting performance, content production rights, MD production and sales rights, and IP use rights services. The company was founded in 2019 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Knowmerce Corp reported revenue of 75.7B KRW in FY2025 versus 9.2B KRW in FY2021, a compound +69.3%/yr. Reported net income was 14.8B KRW in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
75.7B KRW
Latest YoY
+9.9%
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.
+61.4%
Revenue +69.3%/yr
FY21 9.2B KRW
FY22 18.0B KRW
FY23 42.3B KRW
FY24 68.9B KRW
FY25 75.7B KRW
Net income
FY21 −20.7B KRW
FY22 −11.2B KRW
FY23 −31.0B KRW
FY24 9.9B KRW
FY25 14.8B KRW

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Cite: Fair Value Calculator (2026). "Knowmerce Corp Fair Value". https://www.fairvalue-calculator.com/stock/473980

Peer Group

Specialty Business Services · 253 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 59 · Above median
Fair Value upside +80% · Top 25%
Return on equity (TTM) 14% · Above median
Return on assets 6% · Above median
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth -3% · Below median

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/FCF 8.6× · Pricier 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 100 · sector 24
FUTURE 0 · sector 27
PAST 57 · sector 33
HEALTH 100 · sector 92
DIVIDEND 0 · sector 54

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is Knowmerce Corp (473980) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 20,098 KRW versus a price of 11,170 KRW, about +80% (undervalued).
What is the fair value of 473980?
Our model-based fair value for Knowmerce Corp is 20,098 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 11,170 KRW.
What is the quality score of 473980?
Knowmerce Corp has a Quality Score of 59/100. 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 Knowmerce Corp (473980)?
Knowmerce Corp reported trailing-twelve-month revenue of about 75.2B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 473980?
The net profit margin of Knowmerce Corp is about 18.8%, meaning it keeps roughly 18.8% 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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