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Partron Co. Ltd (091700) Fair Value & Analysis

Technology · KR · Market cap 286B KRW (≈ $200M) · ISIN KR7091700005

What is Partron Co. Ltd really worth?

PC Partron Co. Ltd 091700 · KQ
Price5,390 KRW
Fair Value13,133 KRW
Upside+143.7%
Quality58/100

A solid business, trading 59% below our fair value of 13,133 KRW.

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Strengths

Low debt · generates free cash flow
Ranks above peers (7/8)

Risks

!Mixed Growth (revenue 5y +2.7 %/yr)
!Thin margins · 3.9% net margin
!Narrow moat 32/100
!Evidence only low, so the estimate is less certain

For context

·3.67% dividend yield
Evidence: Low Range 7,880 KRW – 20,057 KRW

Fair value as of: Aug 20, 2026

From 23 valuation models · updated 16 days ago

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case (7,880 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.
  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (7,880 KRW to 20,057 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

11,445 KRW 5,150 KRW Fair Value 13,133 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range 5,150 KRW – 11,445 KRW · fair‑value band 7,880 KRW – 20,057 KRW · the 5,390 KRW price screens below the 13,133 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 20, 2026.

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Analysis

Partron Co. Ltd (091700) currently trades at 5,390 KRW, while our model-based Fair Value estimate is 13,133 KRW, implying the stock looks roughly 59.0% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 15,509 KRW per share, and 19 of the 23 models we run sit above the 5,390 KRW price. Bear case: the Earnings-Based group reads lowest at 4,199 KRW, and 4 of the 23 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Partron Co. Ltd generated revenue of 1.3T KRW at a net margin of 3.9%. Revenue declined 17.1% year over year. Net debt stands at 4.9B KRW. Fundamentals as of Aug 20, 2026

Our scenario range runs from 7,880 KRW (bear case) to 20,057 KRW (bull case); at 5,390 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 38% 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 144%, 091700 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 3,660 KRW 5,219 KRW 7,713 KRW 80
Growth DCF 3,716 KRW 5,108 KRW 7,203 KRW 79
Residual Income 7,936 KRW 8,336 KRW 8,905 KRW 76
All 23 models by family
DCF Models
FCF DCF 3,660 KRW 5,219 KRW 7,713 KRW 80
Owner Earnings 11,242 KRW 17,298 KRW 26,992 KRW 75
5Y Revenue Exit 6,849 KRW 11,248 KRW 16,954 KRW 72
5Y EBITDA Exit 16,957 KRW 30,149 KRW 45,748 KRW 74
5Y P/E Exit 9,920 KRW 16,990 KRW 24,471 KRW 70
10Y Revenue Exit 5,469 KRW 9,293 KRW 14,573 KRW 65
10Y EBITDA Exit 12,306 KRW 22,716 KRW 37,053 KRW 66
10Y P/E Exit 7,718 KRW 13,370 KRW 20,441 KRW 63
Earnings-Based
Graham-Dodd 4,373 KRW 13,555 KRW 18,021 KRW 65
Lynch FV 2,939 KRW 4,199 KRW 5,459 KRW 61
PEG = 1.0 2,939 KRW 4,199 KRW 5,459 KRW 57
EPV 8,718 KRW 10,074 KRW 11,280 KRW 74
Multiples
P/E Multiple 13,503 KRW 18,005 KRW 22,506 KRW 63
P/S Multiple 8,199 KRW 10,931 KRW 13,664 KRW 58
P/B Multiple 8,199 KRW 10,931 KRW 13,664 KRW 55
EV/EBIT 16,403 KRW 21,526 KRW 26,649 KRW 66
EV/EBITDA 26,405 KRW 34,863 KRW 43,320 KRW 67
EV/Revenue 8,804 KRW 12,134 KRW 15,464 KRW 54
Asset-Based
NCAV (Graham) 4,872 KRW 6,529 KRW 9,745 KRW 54
Growth DCF
Growth DCF 3,716 KRW 5,108 KRW 7,203 KRW 79
Economic Profit
Residual Income 7,936 KRW 8,336 KRW 8,905 KRW 76
ROIC Compounder 8,718 KRW 10,299 KRW 12,984 KRW 72
Growth Earnings
Growth-Adj P/E 10,856 KRW 15,509 KRW 20,162 KRW 67

Widest divergence: Growth Earnings (15,509 KRW) versus Earnings-Based (4,199 KRW). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/S ratio 0.26 TTM
Dividend yield 3.7%
Net margin 2.5% FY2025
Return on equity 951% TTM
Return on assets (EBIT) 8.0% avg 5y
Operating margin 5.3% TTM
More key figures
Growth
Revenue (TTM) 1.3T KRW TTM
Revenue growth (YoY) −17.1% 3y avg +3.4%
EPS growth (YoY) −57.0%
Balance sheet & cash flow
Free cash flow 11.5B KRW FY2025
Net debt 4.9B KRW FY2022 · ≈ 0.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 58 · Market factors (momentum, volatility) 29

Profitability 46
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 10
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

Partron Co., Ltd. manufactures and sells components for mobile phones and telecommunication systems in South Korea and internationally. The company provides dieletric filters, isolators, antennas, microphone sensors, RF modules, camera modules, sensors, fingerprint sensors, vibration motors, ceramic capacitors, and wireless charging modules.

Full company description

Partron Co., Ltd. manufactures and sells components for mobile phones and telecommunication systems in South Korea and internationally. The company provides dieletric filters, isolators, antennas, microphone sensors, RF modules, camera modules, sensors, fingerprint sensors, vibration motors, ceramic capacitors, and wireless charging modules. It also offers smartbands, bluetooth headsets, smart thermometers, medical devices, and wireless chargers. The company was founded in 2003 and is headquartered in Hwaseong, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Partron Co. Ltd reported revenue of 1.3T KRW in FY2025 versus 1.3T KRW in FY2021, a compound +0.7%/yr. Reported net income was 33.7B KRW in FY2025, compounding −17.4%/yr from FY2021.

Growth Quality 48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.3T KRW
Latest YoY
−9.2%
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.
+3.4%
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.
+2.7%
Avg. revenue growth/yr (18Y) 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.
+17.9%
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.
−6.8% (−10.5 + 3.7)
Revenue +0.7%/yr
FY21 1.3T KRW
FY22 1.2T KRW
FY23 1.2T KRW
FY24 1.5T KRW
FY25 1.3T KRW
Net income −17.4%/yr
FY21 72.4B KRW
FY22 38.5B KRW
FY23 28.8B KRW
FY24 53.4B KRW
FY25 33.7B KRW

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Cite: Fair Value Calculator (2026). "Partron Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/091700

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 58 · Top 25%
Fair Value upside +144% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth −17% · Below median
Dividend yield (TTM) 3.7% · Above 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
VALUE100 · sector 8
FUTURE0 · sector 0
PAST0 · sector 0
HEALTH100 · sector 99
DIVIDEND73 · 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

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Frequently asked questions

Is Partron Co. Ltd (091700) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 13,133 KRW versus a price of 5,390 KRW, about +144% upside (undervalued).
What is the fair value of 091700?
Our model-based fair value for Partron Co. Ltd is 13,133 KRW (as of Aug 20, 2026), built from audited fundamentals. The current price: 5,390 KRW.
What is the quality score of 091700?
Partron Co. Ltd has a Quality Score of 58/100. 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 Partron Co. Ltd (091700)?
Partron Co. Ltd reported trailing-twelve-month revenue of about 1.3T KRW (latest available figure, as of Aug 20, 2026).
What is the net profit margin of 091700?
The net profit margin of Partron Co. Ltd is about 3.9%, meaning it keeps roughly 3.9% of revenue as net income. Based on the latest reported figures.
Does Partron Co. Ltd pay a dividend?
Partron Co. Ltd currently shows a dividend yield of about 3.67% relative to its recent price (as of Aug 20, 2026).
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