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Ajinextek Co. Ltd (059120) Fair Value & Analysis

Technology · KR · Market cap 83.3B KRW (≈ $58.3M) · ISIN KR7059120006

What is Ajinextek Co. Ltd really worth?

AC Ajinextek Co. Ltd 059120 · KQ
Price7,140 KRW
Fair Value2,937 KRW
Upside−58.9%
Quality59/100

A solid business, but trading 143% above our fair value of 2,937 KRW.

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Strengths

Low debt · generates free cash flow
Ranks above peers (5/7)

Risks

!Weak Growth (revenue 5y +1.7 %/yr)
!Thin margins · 7.3% net margin
!Narrow moat 38/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 2,388 KRW – 3,671 KRW

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 22 days ago

Share price +2.3% 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 (3,671 KRW). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

13,470 KRW 2,605 KRW Fair Value 2,937 KRW Apr 2021 Sep 2026

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 2,605 KRW – 13,470 KRW · fair‑value band 2,388 KRW – 3,671 KRW · the 7,140 KRW price screens above the 2,937 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Ajinextek Co. Ltd (059120) currently trades at 7,140 KRW, while our model-based Fair Value estimate is 2,937 KRW, implying the stock looks roughly 143.1% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of 5,415 KRW per share, and 1 of the 22 models we run sit above the 7,140 KRW price. Bear case: the Earnings-Based group reads lowest at 1,190 KRW, and 21 of the 22 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Ajinextek Co. Ltd generated revenue of 39.6B KRW at a net margin of 7.3%. Revenue declined 22.4% year over year. Fundamentals as of Aug 13, 2026

Our scenario range runs from 2,388 KRW (bear case) to 3,671 KRW (bull case); at 7,140 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 51% below its 52-week high and 134% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at 64% fair-value upside, at −59%, 059120 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
FCF DCF best evidence 4,808 KRW 5,790 KRW 7,687 KRW 82
Growth DCF 4,923 KRW 5,881 KRW 7,582 KRW 80
Owner Earnings 4,499 KRW 5,367 KRW 7,044 KRW 78
All 22 models by family
DCF Models
FCF DCF best evidence 4,808 KRW 5,790 KRW 7,687 KRW 82
Owner Earnings 4,499 KRW 5,367 KRW 7,044 KRW 78
5Y Revenue Exit 3,903 KRW 4,491 KRW 5,361 KRW 74
5Y EBITDA Exit 5,265 KRW 6,825 KRW 8,928 KRW 76
5Y P/E Exit 4,545 KRW 5,591 KRW 6,868 KRW 72
10Y Revenue Exit 4,200 KRW 4,713 KRW 5,259 KRW 68
10Y EBITDA Exit 5,065 KRW 6,201 KRW 7,450 KRW 70
10Y P/E Exit 4,626 KRW 5,415 KRW 6,184 KRW 65
Earnings-Based
Graham-Dodd 839.04 KRW 1,190 KRW 1,394 KRW 67
EPV 3,146 KRW 3,311 KRW 3,456 KRW 74
Multiples
P/E Multiple 2,591 KRW 3,455 KRW 4,319 KRW 63
P/S Multiple 1,573 KRW 2,098 KRW 2,622 KRW 58
P/B Multiple 1,573 KRW 2,098 KRW 2,622 KRW 55
EV/EBIT 4,711 KRW 5,562 KRW 6,414 KRW 66
EV/EBITDA 6,103 KRW 7,418 KRW 8,734 KRW 67
EV/Revenue 3,448 KRW 4,002 KRW 4,555 KRW 54
Asset-Based
NCAV (Graham) 3,040 KRW 4,074 KRW 6,080 KRW 54
Growth DCF
Growth DCF 4,923 KRW 5,881 KRW 7,582 KRW 80
Rev-Margin DCF 3,903 KRW 4,552 KRW 5,385 KRW 74
Economic Profit
Residual Income 4,279 KRW 4,061 KRW 3,203 KRW 76
ROIC Compounder 3,146 KRW 3,311 KRW 3,456 KRW 72
Growth Earnings
Growth-Adj P/E 1,812 KRW 2,589 KRW 3,366 KRW 67

Widest divergence: DCF Models (5,415 KRW) versus Earnings-Based (1,190 KRW). Highest evidence: FCF DCF (82).

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Key figures & financial health

P/S ratio 2.10 TTM
Net margin 3.4% FY2025
Return on equity −985% TTM
Return on assets (EBIT) 1.0% avg 5y
Operating margin 6.8% TTM
Revenue (TTM) 39.6B KRW TTM
More key figures
Growth
Revenue growth (YoY) −22.4% 3y avg −11.6%
EPS growth (YoY) −47.2%
Balance sheet & cash flow
Free cash flow 1.8B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 60 · Market factors (momentum, volatility) 45

Profitability 31
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 11
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 0
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

Ajinextek Co., Ltd. develops, manufactures, and sells motor control VLSI chips in South Korea. It offers motion chips; module boards, which includes base, motion, counter, digital, and analog modules; motion and digital single boards; and network controller products.

Full company description

Ajinextek Co., Ltd. develops, manufactures, and sells motor control VLSI chips in South Korea. It offers motion chips; module boards, which includes base, motion, counter, digital, and analog modules; motion and digital single boards; and network controller products. The company also offer stand-alone motion controllers; general-purpose robot controllers; and accessories, such as cables and terminal blocks. Ajinextek Co., Ltd. was founded in 1995 and is headquartered in Daegu, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ajinextek Co. Ltd reported revenue of 24.6B KRW in FY2025 versus 41.6B KRW in FY2021, a compound −12.3%/yr. Reported net income was 837M KRW in FY2025, compounding −33.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
24.6B KRW
Latest YoY
−2.2%
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.
−11.6%
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.
+1.7%
Avg. revenue growth/yr (11Y) 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.
+1.9%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years, EBIT basis) 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.
−23.6% (−23.6 + 0.0)
Revenue −12.3%/yr
FY21 41.6B KRW
FY22 35.7B KRW
FY23 24.9B KRW
FY24 25.2B KRW
FY25 24.6B KRW
Net income −33.5%/yr
FY21 4.3B KRW
FY22 1.6B KRW
FY23 494M KRW
FY24 −2.8B KRW
FY25 837M KRW

059120 screens 143% overvalued. Compare with STCube, Inc →

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Cite: Fair Value Calculator (2026). "Ajinextek Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/059120

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 59 · Top 25%
Fair Value upside −59% · Below median
Return on assets 3% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 7% · Top 25%
Revenue growth −22% · Below median
Debt / equity 0.01× · Lower than median

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
HEALTH99 · 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

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Frequently asked questions

Is Ajinextek Co. Ltd (059120) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 2,937 KRW versus a price of 7,140 KRW, about −59% upside (overvalued).
What is the fair value of 059120?
Our model-based fair value for Ajinextek Co. Ltd is 2,937 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 7,140 KRW.
What is the quality score of 059120?
Ajinextek Co. Ltd has a Quality Score of 59/100. 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 Ajinextek Co. Ltd (059120)?
Ajinextek Co. Ltd reported trailing-twelve-month revenue of about 39.6B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 059120?
The net profit margin of Ajinextek Co. Ltd is about 7.3%, meaning it keeps roughly 7.3% of revenue as net income. Based on the latest reported figures.
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