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CoAsia Corporation (045970) Fair Value & Analysis

Technology · KR · Market cap 72.9B KRW (≈ $51.0M) · ISIN KR7045970001

What is CoAsia Corporation really worth?

CC CoAsia Corporation 045970 · KQ
Price3,035 KRW
Fair Value10,700 KRW
Upside+252.6%
Quality41/100

Below-average quality, trading 72% below our fair value of 10,700 KRW.

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Risks

!Weak Growth (revenue 5y −5.5 %/yr)
!Loss-making · -5.5% net margin
!Low debt · negative free cash flow
!Trails peers (0/7)
!Narrow moat 10/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 25 out of 100
Evidence: Low Range 7,502 KRW – 13,898 KRW

Fair value as of: Sep 3, 2026

From 4 valuation models · updated yesterday

Fair value updated Sep 3, 2026, revised from 13,614 KRW to 10,700 KRW (−21.4%) since Aug 13, 2026. Share price +17.4% over the past month.

What runs behind every stock

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

What matters now

  • The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (7,502 KRW). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (7,502 KRW to 13,898 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

12,000 KRW 2,165 KRW Fair Value 10,700 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.

How to read this chart

60‑month range 2,165 KRW – 12,000 KRW · fair‑value band 7,502 KRW – 13,898 KRW · the 3,035 KRW price screens below the 10,700 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 3, 2026.

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Analysis

CoAsia Corporation (045970) currently trades at 3,035 KRW, while our model-based Fair Value estimate is 10,700 KRW, implying the stock looks roughly 71.6% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Technology sector. Bull case: the Multiples group reads highest at a median of 13,742 KRW per share, and 1 of the 4 models we run sit above the 3,035 KRW price. Bear case: the Asset-Based group reads lowest at 2,081 KRW, and 3 of the 4 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, CoAsia Corporation generated revenue of 433B KRW at a net margin of −5.5%. Revenue declined 16.0% year over year. Net debt stands at 52.2B KRW. Fundamentals as of Sep 3, 2026

Our scenario range runs from 7,502 KRW (bear case) to 13,898 KRW (bull case); at 3,035 KRW, the current price sits below 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, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 253%, 045970 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
EV/EBITDA best evidence 10,544 KRW 13,742 KRW 16,941 KRW 66
Gordon GGM 461.73 KRW 813.91 KRW 1,258 KRW 64
DDM Multi-Stage 461.73 KRW 688.23 KRW 936.96 KRW 64
All 4 models by family
Dividend Discount
Gordon GGM 461.73 KRW 813.91 KRW 1,258 KRW 64
DDM Multi-Stage 461.73 KRW 688.23 KRW 936.96 KRW 64
Multiples
EV/EBITDA best evidence 10,544 KRW 13,742 KRW 16,941 KRW 66
Asset-Based
NCAV (Graham) 1,553 KRW 2,081 KRW 3,106 KRW 52

Widest divergence: Multiples (13,742 KRW) versus Dividend Discount (688.23 KRW). Highest evidence: EV/EBITDA (66).

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Key figures & financial health

P/S ratio 0.23 TTM
Dividend yield 1.3%
Net margin −3.7% FY2025
Return on equity −4,644% TTM
Return on assets (EBIT) −6.9% avg 5y
Operating margin −6.7% TTM
More key figures
Growth
Revenue (TTM) 433B KRW TTM
Revenue growth (YoY) −16.0% 3y avg −6.6%
EPS growth (YoY) +11.7%
Balance sheet & cash flow
Free cash flow −6.5B KRW FY2025
Net debt 52.2B KRW FY2025

Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 40 · Market factors (momentum, volatility) 11

Profitability 23
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 23
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 57
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

CoAsia Corporation, an investment holding company, provides system solutions in South Korea and internationally. The company develops and designs System-on-Chip solutions; supplies system solutions and IT components; provides and sells micro electro mechanical systems microphones and speakers; offers camera modules; and LED products for automobile lights, …

Full company description

CoAsia Corporation, an investment holding company, provides system solutions in South Korea and internationally. The company develops and designs System-on-Chip solutions; supplies system solutions and IT components; provides and sells micro electro mechanical systems microphones and speakers; offers camera modules; and LED products for automobile lights, smart home lighting and beauty, and healthcare lighting. CoAsia Corporation was founded in 1997 and is headquartered in Incheon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CoAsia Corporation reported revenue of 375B KRW in FY2025 versus 381B KRW in FY2021, a compound −0.4%/yr. Reported net income was −14.0B KRW in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
375B KRW
Latest YoY
+4.8%
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.
−6.6%
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.
−5.5%
Avg. revenue growth/yr (23Y) 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.
+15.6%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −0.4%/yr
FY21 381B KRW
FY22 460B KRW
FY23 378B KRW
FY24 358B KRW
FY25 375B KRW
Net income
FY21 −2.8B KRW
FY22 −26.1B KRW
FY23 −26.4B KRW
FY24 −46.9B KRW
FY25 −14.0B KRW

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Cite: Fair Value Calculator (2026). "CoAsia Corporation Fair Value". https://www.fairvalue-calculator.com/stock/045970

Peer Group

Electronic Equipment & Parts · 19 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 41 · Bottom 25%
Return on assets −4% · Bottom 25%
Net margin (TTM) −5% · Bottom 25%
Operating margin (TTM) −7% · Bottom 25%
Revenue growth −16% · Below median
Dividend yield (TTM) 1.3% · Bottom 25%
Debt / equity 0.39× · Higher 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
VALUE0 · sector 8
FUTURE0 · sector 0
PAST0 · sector 0
HEALTH81 · sector 99
DIVIDEND25 · sector 58

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 Electronic Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).

Stock Price Fair Value vs Fair Value
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Partron Co 091700 5,500 KRW 13,133 KRW +139%
Amotech Co 052710 13,520 KRW 14,277 KRW +6%
KHVATEC Co 060720 11,770 KRW 23,424 KRW +99%
MNTech Co 095500 7,500 KRW 8,280 KRW +10%
Namuga Co 190510 14,530 KRW 44,255 KRW +205%
Powerlogics. Co 047310 3,055 KRW 5,000 KRW +64%
e-LITECOM CO., Ltd 041520 11,400 KRW 11,520 KRW +1%
Ajinextek Co 059120 7,440 KRW 3,455 KRW −54%

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Frequently asked questions

Is CoAsia Corporation (045970) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of 10,700 KRW versus a price of 3,035 KRW, about +253% upside (undervalued).
What is the fair value of 045970?
Our model-based fair value for CoAsia Corporation is 10,700 KRW (as of Sep 3, 2026), built from audited fundamentals. The current price: 3,035 KRW.
What is the quality score of 045970?
CoAsia Corporation has a Quality Score of 41/100. 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 CoAsia Corporation (045970)?
CoAsia Corporation reported trailing-twelve-month revenue of about 433B KRW (latest available figure, as of Sep 3, 2026).
What is the net profit margin of 045970?
The net profit margin of CoAsia Corporation is about −5.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does CoAsia Corporation pay a dividend?
CoAsia Corporation currently shows a dividend yield of about 1.27% relative to its recent price (as of Sep 3, 2026).
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