MiCo Ltd (059090) Fair Value & Analysis
Technology · KR · Market cap 471B KRW (≈ $330M) · ISIN KR7059090001
What is MiCo Ltd really worth?
Below-average quality, and trading another 96% above our fair value of 9,207 KRW.
Risks
Fair value as of: Aug 13, 2026
From 16 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from 18,731 KRW to 9,207 KRW (−50.8%) since Jul 20, 2026. Share price +21.0% 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 (11,509 KRW). The favourable scenario is already priced in.
- Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 6,016 KRW – 27,900 KRW · fair‑value band 6,905 KRW – 11,509 KRW · the 18,060 KRW price screens above the 9,207 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
MiCo Ltd (059090) currently trades at 18,060 KRW, while our model-based Fair Value estimate is 9,207 KRW, implying the stock looks roughly 96.2% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 28,910 KRW per share, and 10 of the 16 models we run sit above the 18,060 KRW price. Bear case: the Asset-Based group reads lowest at 2,451 KRW, and 6 of the 16 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, MiCo Ltd generated revenue of 1.1T KRW at a net margin of 0.6%. Revenue grew 49.8% year over year. It earns a return on equity of 7.7%. Net debt stands at 794B KRW. Fundamentals as of Aug 13, 2026
Our scenario range runs from 6,905 KRW (bear case) to 11,509 KRW (bull case); at 18,060 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 38% below its 52-week high and 46% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −71% fair-value upside, at −49%, 059090 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.
All 16 models by family
Widest divergence: Growth Earnings (28,910 KRW) versus Asset-Based (2,451 KRW). Highest evidence: EPV (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 33
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
MiCo Ltd., an engineering company, produces and sells ceramic materials and components in South Korea and internationally.
Full company description
MiCo Ltd., an engineering company, produces and sells ceramic materials and components in South Korea and internationally. The company offers heater granule powder, ESC granule powder, and parts granule powder, as well as alumina, YAG, and aluminium nitride powders, which are used in manufacturing and coating parts for semi-conductor equipment for display equipment, and cells for solid oxide fuel cell systems. It provides polyimide ESC, APS coating ESC, and ceramic ESC for display, semiconductor, and LED/LCD applications, as well as repair services; and solid oxide fuel cells. MiCo Ltd. was formerly known as KoMiCo Ltd. and changed its name to MiCo Ltd. in 2013. The company was founded in 1996 and is headquartered in Anseong-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
MiCo Ltd reported revenue of 977B KRW in FY2025 versus 365B KRW in FY2021, a compound +27.9%/yr. Reported net income was 29.5B KRW in FY2025.
059090 screens 96% overvalued. Compare with ASML Holding →
Peer Group
Semiconductor Equipment & Materials · 213 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.
Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper
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.
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.
Similar stocks
10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASML Holding ASML | €1,494 | €604.27 | −60% |
| Applied Materials, Inc AMAT | $482.36 | $183.10 | −62% |
| Lam Research Corporation LRCX | $301.90 | $91.80 | −70% |
| KLA Corporation KLAC | $175.54 | $74.58 | −58% |
| NAURA Technology Group 002371 | ¥707.90 | ¥205.30 | −71% |
| Teradyne, Inc TER | $354.97 | $65.80 | −81% |
| Advanced Micro-Fabrication Equipment Inc 688012 | ¥380.95 | ¥55.05 | −86% |
| Piotech Inc 688072 | ¥685.11 | ¥89.27 | −87% |
| Hon. Precision, Inc 7769 | 6,445 TWD | 1,804 TWD | −72% |
| Hangzhou Changchuan Technology Co 300604 | ¥284.80 | ¥46.26 | −84% |
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