JTC Inc (950170) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of JTC Inc KRW 4,548, price KRW 4,200, upside +8.3%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 2,555 KRW – 7,480 KRW · fair‑value band 3,184 KRW – 5,913 KRW · the 4,200 KRW price screens below the 4,548 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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JTC Inc. operates retail shops in Japan and South Korea. It is involved in the retail sale of food, cosmetics, daily necessities, and other souvenirs. The company was formerly known as Japan Tourism Corporation Inc. and changed its name to JTC Inc. in March 2011. JTC Inc. was founded in 1993 and is headquartered in Tokyo, Japan.
Stock analysis
JTC Inc (950170) currently trades at 4,200 KRW, while our model-based Fair Value estimate is 4,548 KRW, implying the stock looks roughly 7.7% fairly valued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 7,630 KRW per share, and 15 of the 24 models we run sit above the 4,200 KRW price.
Bear case: the Multiples group reads lowest at 2,086 KRW, and 9 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 3,184 KRW (bear) to 5,913 KRW (bull), the price of 4,200 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 63/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
JTC Inc reported revenue of 302B KRW in FY2026 versus 1.3B KRW in FY2022, a compound +287.0%/yr. Reported net income was 4.8B KRW in FY2026.
Key figures
Market cap 235B KRW (≈ $173M) · P/S ratio 0.78 · Net margin 1.6% · Return on equity 2.7% · Return on assets (EBIT) −6.1% · Operating margin −8.2% · Revenue (TTM) 302B KRW · Revenue growth (YoY) −41.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 42% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 8%, 950170 screens richer than that median.
Fair Value models
Bear 3,184 KRWFair Value 4,548 KRWBull 5,913 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+786.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+334.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+183.5%
Start year 2021 (pandemic). Over 10 years: +16.4% a year
Revenue growth 10 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+16.4%
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What shareholders gained per year (last 3 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 3 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.
+30.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+30.9%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘ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.−574% → 5%
⚠ Revenue per share shrinking 14.7%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less 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).
+4.6%
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 +2.5% a year for the price.
Price, fair value, quality and upside side by side.
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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.Department Stores · 119 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+8% · Above median
Profitability
Return on equity (TTM)3% · Below median
Return on assets3% · Above median
Net margin (TTM)2% · Below median
Operating margin (TTM)−8% · Bottom 25%
Growth and dividend
Revenue growth−42% · Bottom 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Department Stores median · lower = cheaper
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Cite: Fair Value Calculator (2026). "JTC Inc Fair Value". https://www.fairvalue-calculator.com/stock/950170
Frequently asked questions
Is JTC Inc (950170) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 4,548 KRW versus a price of 4,200 KRW, about +8% upside (fairly valued).
What is the fair value of 950170?
Our model-based fair value for JTC Inc is 4,548 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 4,200 KRW.
What is the quality score of 950170?
JTC Inc has a Quality Score of 63/100. 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 JTC Inc (950170)?
Our model-based price target is the fair value of 4,548 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 3,184 KRW, optimistic scenario 5,913 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the JTC Inc stock forecast for 2026?
Our models put fair value at 4,548 KRW, about +8% upside versus a price of 4,200 KRW (fairly valued). Cautious scenario 3,184 KRW, optimistic scenario 5,913 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of JTC Inc (950170)?
JTC Inc reported trailing-twelve-month revenue of about 302B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into JTC Inc (950170)?
For today's price to be fair in a discounted-cash-flow model, JTC Inc would have to grow free cash flow by +4.6 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +183.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 950170 use?
Our models discount JTC Inc at 11.7 %: a base by market capitalisation (micro), damped by beta 0.55, 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 JTC Inc that is +4.6 % per year a year over ten years, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has JTC Inc (950170) delivered so far?
Over the past 5 years revenue at JTC Inc grew +183.5 % a year. The price currently implies +4.6 % per year free-cash-flow growth a 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 JTC Inc (950170) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into JTC Inc (+4.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of JTC Inc (950170)?
The free-cash-flow yield on the price is 8.30 %: that much free cash flow JTC Inc produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of JTC Inc (950170)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JTC Inc it is 4,548 KRW per share (as of Sep 24, 2026), against a price of 4,200 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is JTC Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 950170 trades below its calculated fair value: price 4,200 KRW, fair value 4,548 KRW, a gap of about +8% (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 950170?
No. The price is what the market pays today (4,200 KRW); the fair value is what the company's own numbers justify (4,548 KRW). For JTC Inc the two are 348.46 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is JTC Inc worth?
The market values JTC Inc at about 235B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 4,200 KRW; our models calculate a fair value of 4,548 KRW per share.
What do the bullish and bearish scenarios say about 950170?
Our models span a range for JTC Inc: cautious scenario 3,184 KRW, base 4,548 KRW, optimistic 5,913 KRW per share (as of Sep 24, 2026, price 4,200 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of JTC Inc (950170)?
Balance-sheet figures for JTC Inc (as of Sep 24, 2026): return on equity 2.7%, debt of 0.04 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 950170 from its 52-week high?
JTC Inc trades at 4,200 KRW, about 42% below its 52-week high of 7,250 KRW and 21% above the low of 3,485 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 4,548 KRW is for.
Which stocks are comparable to JTC Inc?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Cencosud S.A, 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 JTC Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 4,200 KRW, calculated fair value 4,548 KRW (+8%), Quality Score 63/100, from 24 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 950170 calculated?
We run JTC Inc through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 4,548 KRW, 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 14.0 % above its aggregate fair value. JTC Inc currently trades 8 % 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 JTC Inc (950170)?
The closing price on Sep 23, 2026 was 4,200 KRW. Our model-based fair value is 4,548 KRW, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JTC Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (3,184 KRW to 5,913 KRW) leaves room in how you read the outcome.
Key figures of JTC Inc
How large is the market capitalisation of JTC Inc (950170)?
The market capitalisation of JTC Inc is 235B KRW (≈ $173M). 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 JTC Inc (950170)?
The price-to-sales ratio of JTC Inc is 0.78 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of JTC Inc (950170)?
The net margin of JTC Inc is 1.6% (fiscal year 2026). 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 JTC Inc (950170)?
The return on equity (ROE) of JTC Inc is 2.7% (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 JTC Inc (950170)?
On an EBIT basis the return on assets of JTC Inc is −6.1% (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 JTC Inc (950170)?
The operating margin of JTC Inc is −8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JTC Inc (950170)?
Revenue at JTC Inc is growing −41.5% versus a year earlier (3y avg +334%). 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 JTC Inc (950170)?
Earnings per share at JTC Inc are growing −16.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does JTC Inc (950170) carry?
The net debt of JTC Inc is 11.9B KRW (fiscal year 2022, ≈ 0.7 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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