A solid business, but trading 155% above our fair value of 57,543 KRW.
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Strengths
✓Healthy Growth (revenue 5y +7.4 %/yr)
✓Solidly profitable · 17.3% net margin
✓Low debt · generates free cash flow
✓Ranks above peers (6/9)
Risks
!Moderate moat 62/100
!Evidence only medium, so the estimate is less certain
69 individual criteria per stock, every one traceable See the method →
What matters now
The price sits above even our optimistic bull case (72,492 KRW). The favourable scenario is already priced in.
Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 12,357 KRW – 217,500 KRW · fair‑value band 40,415 KRW – 72,492 KRW · the 146,800 KRW price screens above the 57,543 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.
TES Co. Ltd (095610) currently trades at 146,800 KRW, while our model-based Fair Value estimate is 57,543 KRW, implying the stock looks roughly 155.1% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 98,083 KRW per share, and 0 of the 26 models we run sit above the 146,800 KRW price. Bear case: the Dividend Discount group reads lowest at 9,160 KRW, and 26 of the 26 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, TES Co. Ltd generated revenue of 345B KRW at a net margin of 17.3%. Revenue grew 67.1% year over year. Net debt stands at 44.5B KRW. Fundamentals as of Aug 20, 2026
Our scenario range runs from 40,415 KRW (bear case) to 72,492 KRW (bull case); at 146,800 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 5% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −43% fair-value upside, at −61%, 095610 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.
ModelBear ⓘ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
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Key figures & financial health
P/S ratio7.08TTM
Dividend yield1.9%
Net margin16.2%FY2025
Return on equity1,631%TTM
Return on assets (EBIT)11.1%avg 5y
Operating margin13.9%TTM
More key figures
Growth
Revenue (TTM)345B KRWTTM
Revenue growth (YoY)+67.1%3y avg −0.6%
EPS growth (YoY)+116%
Balance sheet & cash flow
Free cash flow49.3B KRWFY2025
Net debt44.5B KRWFY2025 · ≈ 0.9 yrs of FCF
Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality69/100
Of which business quality 68
· Market factors (momentum, volatility) 71
Profitability56
Margins and returns on capital today
Quality Growth73
Are margins and returns improving?
Cashflow62
Earnings quality: real cash, not paper profit
Fin. Strength80
Balance sheet, leverage, solvency risk
Investment50
Disciplined investing over empire-building
Low Volatility25
Calm price path (market factor)
Momentum97
Price trend over the last 3–12 months (market factor)
52W Momentum79
Distance to the 52-week high (market factor)
Net Issuance87
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
TES Co., Ltd. manufactures and sells semiconductors, displays, and compound semiconductor equipment. It offers PECVD, dry cleaning, and single LPCVD products for semiconductors; display and OLED pathfinder series products; and HESTIA series products for optoelectronics. The company was founded in 2002 and is headquartered in Yongin, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TES Co. Ltd reported revenue of 351B KRW in FY2025 versus 375B KRW in FY2021, a compound −1.6%/yr. Reported net income was 56.9B KRW in FY2025, compounding −6.3%/yr from FY2021.
Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
351B KRW
Latest YoY
+46.3%
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.
−0.6%
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.
+7.4%
Avg. revenue growth/yr (12Y) ⓘ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.
+14.8%
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.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
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 Score69 · Top 25%
Fair Value upside−61% · Bottom 25%
Return on assets9% · Above median
Net margin (TTM)17% · Top 25%
Operating margin (TTM)14% · Above median
Revenue growth67% · Top 25%
Dividend yield (TTM)1.9% · Top 25%
Debt / equity0.12× · Higher than 75% of peers
Valuation Multiples vs Semiconductors & Semiconductor Equipment median · lower = cheaper
P/FCF0.0× · Pricier 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.
This stockSector peers
VALUE0· sector 0
FUTURE100· sector 97
PAST0· sector 100
HEALTH94· sector 99
DIVIDEND38· sector 17
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
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 Semiconductors & Semiconductor Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).
Is TES Co. Ltd (095610) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 57,543 KRW versus a price of 146,800 KRW, about −61% upside (overvalued).
What is the fair value of 095610?
Our model-based fair value for TES Co. Ltd is 57,543 KRW (as of Aug 20, 2026), built from audited fundamentals. The current price: 146,800 KRW.
What is the quality score of 095610?
TES Co. Ltd has a Quality Score of 69/100. 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 TES Co. Ltd (095610)?
TES Co. Ltd reported trailing-twelve-month revenue of about 345B KRW (latest available figure, as of Aug 20, 2026).
What is the net profit margin of 095610?
The net profit margin of TES Co. Ltd is about 17.3%, meaning it keeps roughly 17.3% of revenue as net income. Based on the latest reported figures.
Does TES Co. Ltd pay a dividend?
TES Co. Ltd currently shows a dividend yield of about 1.92% relative to its recent price (as of Aug 20, 2026).
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