KOREA ELECTRONIC CERTIFICATION AUTHORITY
KOSDAQ
₩3,475.00
+0.14%
Delayed · cached 15 min
Fair value analysis
041460
KOREA ELECTRONIC CERTIFICATION AUTHORITY
₩3,475.00
Close used for this calculation
₩5,167.12Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
60/100
Quality radar
Consensus fair value
₩5,167.12
Below FV▲ +48.7% against the close used
Model range ₩1,079.36 – ₩11,114.88
The lowest and highest of the models that produced a value. This is the spread of the methods, not a price target.
Price target range & 52-week position
Bear₩1,079.36Fair value₩5,167.12Bull₩11,114.88
FairClose
52-week traded range
52W low ₩3,140.0052W high ₩3,600.00
The 52-week range is measured from the stored price history, not estimated.
Valuation summary
Trading below the consensus fair value
KOREA ELECTRONIC CERTIFICATION AUTHORITY closed at ₩3,475.00, 32.7% below the consensus fair value of ₩5,167.12 drawn from 10 valuation models.
Financial DNA score 60/100 — Good. P/E of 13.8x against the 20x sector multiple the P/E model uses.
Quantitative summary only — not investment advice.
All valuation models
DCF Valuation
₩5,265.91
+51.5%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=9%, r=10%, tg=3%, n=10yr
Graham Number
₩4,461.20
+28.4%
√(22.5 × EPS × BVPS)
EPS=252, BVPS=3510.1
Graham Formula
₩11,114.88
+219.9%
EPS × (8.5 + 2g) × 4.4 ÷ FD_Rate
g=12.3%, FD=3.3%
P/E Fair Value
₩5,040.00
+45.0%
EPS × 20x (sector P/E)
EPS=252, Sector P/E=20x
Peter Lynch (PEG)
₩3,097.08
-10.9%
EPS × Growth% (PEG = 1 is fair)
EPS=252, g=12.3%
EV/EBITDA
₩5,869.44
+68.9%
(EBITDA × 16.1x − Net Debt) ÷ Shares
EBITDA=6.73B
Dividend Discount (DDM)
₩4,691.25
+35.0%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=86.88, r=10%, g=8%
Book Value (P/B)
₩1,079.36
-68.9%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=3510.1, ROE=7.2%, g=6%, r=10%
Reverse DCF
₩3,475.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: 2.1% | Historical: 12.3%
Margin of Safety
₩4,852.87
+39.7%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=6470.5, MoS=25%
Computed on September 12, 2026 from the most recent annual report on file and that day's closing price. Where a company has seen its earnings move sharply since its last annual report, this figure will lag the market.
Educational data only. Not a recommendation to buy, sell or hold any security.