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STCube Inc (052020) Fair Value & Analysis

Technology · KR · Market cap 498B KRW (≈ $349M) · ISIN KR7052020005

What is STCube Inc really worth?

SI STCube Inc 052020 · KQ
Price8,050 KRW
Fair Value850.56 KRW
Upside−89.4%
Quality33/100

Below-average quality, and trading another 846% above our fair value of 850.56 KRW.

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Risks

!Weak Growth (revenue 5y −7.2 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
!Trails peers (1/6)
!Narrow moat 30/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 561.37 KRW – 1,063 KRW

Fair value as of: Aug 27, 2026

From 1 valuation models · updated 9 days ago

Fair value updated Aug 27, 2026, revised from 2,160 KRW to 850.56 KRW (−60.6%) since Aug 13, 2026. Share price +4.4% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (1,063 KRW). The favourable scenario is already priced in.
  • Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • 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 (561.37 KRW to 1,063 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

23,439 KRW 3,882 KRW Fair Value 850.56 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range 3,882 KRW – 23,439 KRW · fair‑value band 561.37 KRW – 1,063 KRW · the 8,050 KRW price screens above the 850.56 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

STCube Inc (052020) currently trades at 8,050 KRW, while our model-based Fair Value estimate is 850.56 KRW, implying the stock looks roughly 846.1% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Technology sector. How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at 6.5B KRW. Revenue declined 31.3% year over year. Fundamentals as of Aug 27, 2026

Our scenario range runs from 561.37 KRW (bear case) to 1,063 KRW (bull case); at 8,050 KRW, the current price sits above 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 64% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 64% fair-value upside, at −89%, 052020 screens richer 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
NCAV (Graham) best evidence 530.83 KRW 711.31 KRW 1,062 KRW 52
All 1 models by family
Asset-Based
NCAV (Graham) best evidence 530.83 KRW 711.31 KRW 1,062 KRW 52

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Key figures & financial health

Return on equity −3,493% TTM
Return on assets (EBIT) −41.3% avg 5y
Operating margin −331% TTM
Revenue (TTM) 6.5B KRW TTM
Revenue growth (YoY) −31.3% 3y avg +3.5%
Free cash flow −20.7B KRW FY2025

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 35 · Market factors (momentum, volatility) 32

Profitability 1
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 40
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

STCube, Inc., a biopharmaceutical company, develops therapies to treat novel immune evasion mechanisms in cancer in South Korea.

Full company description

STCube, Inc., a biopharmaceutical company, develops therapies to treat novel immune evasion mechanisms in cancer in South Korea. Its platforms include STGlyTarget that is used for the identification and development of immunomodulatory proteins; Immunomodulator Discovery Platform, a proprietary technology to screen for immunomodulatory proteins; Glyco-Specific Antibody Development Platform, a technology designed to screen for antibodies that selectively mask specific sites of target proteins; and Glyco-Specific Antibody Characterization and Optimization Platform, a technology designed to optimize characteristics exerted by antibodies that mask specific sites of target proteins. The company's product pipeline consists of various anti-cancer drugs, including programmed death ligand 1, a type of protein, which is expressed in cancer cells and interferes with the natural tumor killing of immune cells; programmed death-1, a type of protein that is expressed in T cells; and cytotoxic T-lymphocyte associated protein 4, a protein that inhibits the activity of T-cells that can kill cancer cells. Its product pipeline also comprises lymphocyte-activation gene 3, a type of protein, which exists in the cell membrane of immune cells, such as T-cells and NK cells. The company was formerly known as Schem Co., Ltd. and changed its name to STCube, Inc. in April 2008. STCube, Inc. was founded in 1989 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

STCube Inc reported revenue of 7.0B KRW in FY2025 versus 7.9B KRW in FY2021, a compound −3.1%/yr. Reported net income was −21.8B KRW in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
7.0B KRW
Latest YoY
−38.2%
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.
+3.5%
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.
−7.2%
Avg. revenue growth/yr (16Y) 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.
−3.5%
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 −3.1%/yr
FY21 7.9B KRW
FY22 6.3B KRW
FY23 5.8B KRW
FY24 11.3B KRW
FY25 7.0B KRW
Net income
FY21 −21.5B KRW
FY22 −18.9B KRW
FY23 −24.5B KRW
FY24 −21.4B KRW
FY25 −21.8B KRW

052020 screens 846% overvalued. Compare with VINATech Co →

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Cite: Fair Value Calculator (2026). "STCube Inc Fair Value". https://www.fairvalue-calculator.com/stock/052020

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 35 · Bottom 25%
Fair Value upside −89% · Bottom 25%
Return on assets −29% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Revenue growth −31% · Bottom 25%

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
HEALTH100 · sector 99
DIVIDEND0 · sector 58

VALUE 0: the price sits above our fair-value range.

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 Aug 27, 2026).

Stock Price Fair Value vs Fair Value
VINATech Co 126340 76,700 KRW 24,754 KRW −68%
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%
CoAsia Corporation 045970 3,140 KRW 10,700 KRW +241%

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Frequently asked questions

Is STCube Inc (052020) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of 850.56 KRW versus a price of 8,050 KRW, about −89% upside (overvalued).
What is the fair value of 052020?
Our model-based fair value for STCube Inc is 850.56 KRW (as of Aug 27, 2026), built from audited fundamentals. The current price: 8,050 KRW.
What is the quality score of 052020?
STCube Inc has a Quality Score of 33/100. 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 STCube Inc (052020)?
STCube Inc reported trailing-twelve-month revenue of about 6.5B KRW (latest available figure, as of Aug 27, 2026).
What is the net profit margin of 052020?
The net profit margin of STCube Inc is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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