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DB HiTek Co Ltd (000990) Fair Value & Analysis

Technology · KR · Market cap 4.6T KRW (≈ $3.2B) · ISIN KR7000990002

What is DB HiTek Co Ltd really worth?

DH DB HiTek Co Ltd 000990 · KO
Price89,900 KRW
Fair Value122,430 KRW
Upside+36.2%
Quality69/100

A solid business, trading 27% below our fair value of 122,430 KRW.

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Strengths

Highly profitable · 20.2% net margin
Low debt · generates free cash flow
Ranks above peers (9/10)

Risks

!Weak Growth (revenue 5y +8.3 %/yr)
!Moderate moat 61/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 18 out of 100

For context

·0.90% dividend yield
Evidence: Medium Range 73,639 KRW – 185,762 KRW

Fair value as of: Sep 5, 2026

From 26 valuation models · updated today

Share price +11.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (73,639 KRW to 185,762 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

220,500 KRW 28,142 KRW Fair Value 122,430 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range 28,142 KRW – 220,500 KRW · fair‑value band 73,639 KRW – 185,762 KRW · the 89,900 KRW price screens below the 122,430 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

DB HiTek Co Ltd (000990) currently trades at 89,900 KRW, while our model-based Fair Value estimate is 122,430 KRW, implying the stock looks roughly 26.6% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of 138,046 KRW per share, and 18 of the 26 models we run sit above the 89,900 KRW price. Bear case: the Asset-Based group reads lowest at 34,097 KRW, and 8 of the 26 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, DB HiTek Co Ltd generated revenue of 1.5T KRW at a net margin of 20.2%. Revenue grew 26.0% year over year. It earns a return on equity of 13.6%. Net debt stands at 32.8B KRW. Fundamentals as of Sep 5, 2026

Our scenario range runs from 73,639 KRW (bear case) to 185,762 KRW (bull case); at 89,900 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 61% below its 52-week high and 114% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −59% fair-value upside, at 36%, 000990 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence 65,103 KRW 105,099 KRW 171,658 KRW 79
Growth DCF 65,929 KRW 106,007 KRW 173,768 KRW 77
Owner Earnings 84,854 KRW 138,046 KRW 226,564 KRW 75
All 26 models by family
DCF Models
FCF DCF best evidence 65,103 KRW 105,099 KRW 171,658 KRW 79
Owner Earnings 84,854 KRW 138,046 KRW 226,564 KRW 75
5Y Revenue Exit 63,759 KRW 102,584 KRW 153,117 KRW 72
5Y EBITDA Exit 111,406 KRW 194,358 KRW 294,137 KRW 74
5Y P/E Exit 102,310 KRW 176,838 KRW 257,609 KRW 70
10Y Revenue Exit 61,739 KRW 98,336 KRW 149,633 KRW 66
10Y EBITDA Exit 95,149 KRW 164,571 KRW 262,820 KRW 67
10Y P/E Exit 89,148 KRW 151,926 KRW 233,502 KRW 63
Earnings-Based
Graham-Dodd 41,364 KRW 147,148 KRW 198,142 KRW 64
Lynch FV 34,576 KRW 49,394 KRW 64,212 KRW 61
PEG = 1.0 34,576 KRW 49,394 KRW 64,212 KRW 57
EPV 46,513 KRW 53,797 KRW 60,272 KRW 74
Dividend Discount
Gordon GGM 3,475 KRW 7,586 KRW 12,764 KRW 65
DDM Multi-Stage 3,475 KRW 6,214 KRW 7,906 KRW 66
Multiples
P/E Multiple 127,742 KRW 170,323 KRW 212,904 KRW 63
P/S Multiple 77,558 KRW 103,410 KRW 129,263 KRW 58
P/B Multiple 77,558 KRW 103,410 KRW 129,263 KRW 55
EV/EBIT 123,810 KRW 163,334 KRW 202,858 KRW 66
EV/EBITDA 147,967 KRW 195,543 KRW 243,119 KRW 67
EV/Revenue 65,182 KRW 90,873 KRW 116,564 KRW 54
Asset-Based
NCAV (Graham) 25,446 KRW 34,097 KRW 50,892 KRW 54
Growth DCF
Growth DCF 65,929 KRW 106,007 KRW 173,768 KRW 77
Rev-Margin DCF 63,759 KRW 102,196 KRW 147,991 KRW 72
Economic Profit
Residual Income 47,722 KRW 58,732 KRW 148,882 KRW 68
ROIC Compounder 46,513 KRW 56,419 KRW 74,313 KRW 72
Growth Earnings
Growth-Adj P/E 80,330 KRW 114,757 KRW 149,184 KRW 67

Widest divergence: DCF Models (138,046 KRW) versus Dividend Discount (6,214 KRW). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/S ratio 3.13 TTM
Dividend yield 0.9%
Net margin 18.3% FY2025
Return on equity 13.6% TTM
Return on assets (EBIT) 18.4% avg 5y
Operating margin 17.0% TTM
More key figures
Growth
Revenue (TTM) 1.5T KRW TTM
Revenue growth (YoY) +26.0% 3y avg −5.8%
EPS growth (YoY) +80.2%
Balance sheet & cash flow
Free cash flow 203B KRW FY2025
Net debt 32.8B KRW FY2025 · ≈ 0.2 yrs of FCF

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 69 · Market factors (momentum, volatility) 36

Profitability 48
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 100
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

DB HiTek Co.,Ltd. engages in semiconductor foundry business in South Korea. It provides semiconductors, such as power management ICs, contact image sensor, display driver ICs used in mobile phones, industrial, medical equipment, and automobile applications, as well as provides wafer fabrication facilities that produces a range of processing nodes.

Full company description

DB HiTek Co.,Ltd. engages in semiconductor foundry business in South Korea. It provides semiconductors, such as power management ICs, contact image sensor, display driver ICs used in mobile phones, industrial, medical equipment, and automobile applications, as well as provides wafer fabrication facilities that produces a range of processing nodes. The company's processing technologies include BCDMOS, analog CMOS, high voltage CMOS, mixed signal, CIS, flash, logic. It also operates in the United States, Taiwan, Japan, and China. The company was formerly known as Dongbu HiTek Co., Ltd. and changed its name to DB HiTek Co.,Ltd. in November 2017. DB HiTek Co.,Ltd. was founded in 1997 and is based in Bucheon-si, South Korea. DB HiTek CO., LTD. operates as a subsidiary of DB Life Insurance Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DB HiTek Co Ltd reported revenue of 1.4T KRW in FY2025 versus 1.2T KRW in FY2021, a compound +3.6%/yr. Reported net income was 256B KRW in FY2025, compounding −5.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.4T KRW
Latest YoY
+23.5%
Avg. revenue 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.
−5.8%
Avg. revenue growth/yr (5Y) 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.
+8.3%
Avg. revenue growth/yr (25Y) 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.
+2.1%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+11.6% (10.7 + 0.9)
Revenue +3.6%/yr
FY21 1.2T KRW
FY22 1.7T KRW
FY23 1.2T KRW
FY24 1.1T KRW
FY25 1.4T KRW
Net income −5.2%/yr
FY21 317B KRW
FY22 556B KRW
FY23 264B KRW
FY24 229B KRW
FY25 256B KRW

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Cite: Fair Value Calculator (2026). "DB HiTek Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000990

Peer Group

Semiconductors · 325 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 69 · Top 25%
Fair Value upside +36% · Top 25%
Return on equity (TTM) 14% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 17% · Above median
Revenue growth 26% · Above median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE82 · sector 0
FUTURE100 · sector 65
PAST54 · sector 25
HEALTH98 · sector 96
DIVIDEND18 · sector 18

Insider activity: 40/100

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

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $227.98 $98.98 −57%
Taiwan Semiconductor Manufacturing Company TSM $427.30 $296.10 −31%
Broadcom Inc AVGO $371.54 $118.27 −68%
SK hynix Inc 000660 1,647,000 KRW 1,481,291 KRW −10%
Micron Technology, Inc MU $932.86 $148.38 −84%
Advanced Micro Devices, Inc AMD $476.67 $55.02 −88%
Intel Corporation INTC $92.09 $35.41 −62%
Texas Instruments Incorporated TXN $266.54 $78.54 −71%
QUALCOMM Incorporated QCOM $164.78 $147.20 −11%
MediaTek Inc 2454 3,845 TWD 1,559 TWD −59%

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Frequently asked questions

Is DB HiTek Co Ltd (000990) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of 122,430 KRW versus a price of 89,900 KRW, about +36% upside (undervalued).
What is the fair value of 000990?
Our model-based fair value for DB HiTek Co Ltd is 122,430 KRW (as of Sep 5, 2026), built from audited fundamentals. The current price: 89,900 KRW.
What is the quality score of 000990?
DB HiTek Co Ltd has a Quality Score of 69/100. 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 DB HiTek Co Ltd (000990)?
DB HiTek Co Ltd reported trailing-twelve-month revenue of about 1.5T KRW (latest available figure, as of Sep 5, 2026).
What is the net profit margin of 000990?
The net profit margin of DB HiTek Co Ltd is about 20.2%, meaning it keeps roughly 20.2% of revenue as net income. Based on the latest reported figures.
Does DB HiTek Co Ltd pay a dividend?
DB HiTek Co Ltd currently shows a dividend yield of about 0.90% relative to its recent price (as of Sep 5, 2026).
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