FORCS Co., Ltd.

189690 KRX Technology Technology
KOSDAQ
₩1,517.00
-0.13%
Delayed · cached 15 min

Fair value analysis

189690
FORCS Co., Ltd.
TechnologyTechnology
₩1,517.00
Close used for this calculation
₩3,027.43Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
69/100
Profitability10/25
Returns11/25
Balance Sheet25/25
Efficiency23/25
Growth12/25
Strong
Quality radar
69Prof.10/25Ret.11/25Eff.23/25B.Sht25/25Growth12/25

Consensus fair value

₩3,027.43
Below FV
▲ +99.6% against the close used
Model range ₩386.84 – ₩4,758.68
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₩386.84Fair value₩3,027.43Bull₩4,758.68
FairClose
52-week traded range
52W low ₩1,426.0052W high ₩2,260.00

The 52-week range is measured from the stored price history, not estimated.

Valuation summary

Trading below the consensus fair value

FORCS Co., Ltd. closed at ₩1,517.00, 49.9% below the consensus fair value of ₩3,027.43 drawn from 10 valuation models.

Financial DNA score 69/100 — Strong. P/E of 8.5x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
₩4,758.68
+213.7%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=8%, r=10%, tg=3%, n=10yr
Graham Number
₩3,385.76
+123.2%
√(22.5 × EPS × BVPS)
EPS=178, BVPS=2862.26
Graham Formula
₩2,017.33
+33.0%
EPS × (8.5 + 2g) × 4.4 ÷ FD_Rate
g=0%, FD=3.3%
P/E Fair Value
₩3,560.00
+134.7%
EPS × 20x (sector P/E)
EPS=178, Sector P/E=20x
Peter Lynch (PEG)
₩425.42
-72.0%
EPS × Growth% (PEG = 1 is fair)
EPS=178, g=2.4%
EV/EBITDA
₩1,722.72
+13.6%
(EBITDA × 10x − Net Debt) ÷ Shares
EBITDA=4.4B
Dividend Discount (DDM)
₩386.84
-74.5%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=30.34, r=10%, g=2%
Book Value (P/B)
₩1,247.13
-17.8%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=2862.26, ROE=6.1%, g=3%, r=10%
Reverse DCF
₩1,517.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: -4.6% | Historical: -2.4%
Margin of Safety
₩2,572.83
+69.6%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=3430.44, 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.

Educational data only. Not a recommendation to buy, sell or hold any security.