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eMnet Inc (123570) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 35.9B KRW (≈ $25.1M) · ISIN KR7123570004

What is eMnet Inc really worth?

EI eMnet Inc 123570 · KQ
Price1,658 KRW
Fair Value1,491 KRW
Upside−10.1%
Quality51/100

A solid business, but trading 11% above our fair value of 1,491 KRW.

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Strengths

Solidly profitable · 14.4% net margin
Ranks above peers (5/8)

Risks

!Weak Growth (revenue 5y −3.7 %/yr)
!Low debt · negative free cash flow
!Moderate moat 59/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 20 out of 100

For context

·3.04% dividend yield
Evidence: Low Range 1,118 KRW – 1,864 KRW

Fair value as of: Sep 5, 2026

From 13 valuation models · updated today

Share price +1.7% over the past month.

What runs behind every stock

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

What matters now

  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

7,372 KRW 1,617 KRW Fair Value 1,491 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range 1,617 KRW – 7,372 KRW · fair‑value band 1,118 KRW – 1,864 KRW · the 1,658 KRW price screens above the 1,491 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

eMnet Inc (123570) currently trades at 1,658 KRW, while our model-based Fair Value estimate is 1,491 KRW, implying the stock looks roughly 11.2% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Asset-Based group reads highest at a median of 2,877 KRW per share, and 4 of the 13 models we run sit above the 1,658 KRW price. Bear case: the Earnings-Based group reads lowest at 286.23 KRW, and 9 of the 13 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, eMnet Inc generated revenue of 44.8B KRW at a net margin of 14.4%. Revenue grew 52.0% year over year. Fundamentals as of Sep 5, 2026

Our scenario range runs from 1,118 KRW (bear case) to 1,864 KRW (bull case); at 1,658 KRW, the current price sits within 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 33% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 26% fair-value upside, at −10%, 123570 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
Owner Earnings 1,509 KRW 1,966 KRW 2,854 KRW 77
Residual Income 3,024 KRW 2,871 KRW 2,268 KRW 76
EPV 276.46 KRW 286.23 KRW 294.78 KRW 74
All 13 models by family
DCF Models
Owner Earnings 1,509 KRW 1,966 KRW 2,854 KRW 77
Earnings-Based
Graham-Dodd 598.73 KRW 1,009 KRW 1,229 KRW 67
EPV 276.46 KRW 286.23 KRW 294.78 KRW 74
Multiples
P/E Multiple 1,453 KRW 1,937 KRW 2,421 KRW 63
P/S Multiple 1,123 KRW 1,497 KRW 1,871 KRW 58
P/B Multiple 1,123 KRW 1,497 KRW 1,871 KRW 55
EV/EBIT 365.57 KRW 414.81 KRW 464.05 KRW 66
EV/EBITDA 749.25 KRW 926.39 KRW 1,104 KRW 67
EV/Revenue 329.87 KRW 377.88 KRW 425.89 KRW 54
Asset-Based
NCAV (Graham) 2,147 KRW 2,877 KRW 4,295 KRW 54
Economic Profit
Residual Income 3,024 KRW 2,871 KRW 2,268 KRW 76
ROIC Compounder 276.46 KRW 286.23 KRW 294.78 KRW 72
Growth Earnings
Growth-Adj P/E 1,024 KRW 1,463 KRW 1,902 KRW 67

Widest divergence: Asset-Based (2,877 KRW) versus Earnings-Based (286.23 KRW). Highest evidence: Owner Earnings (77).

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Key figures & financial health

P/S ratio 0.86 TTM
Dividend yield 3.0%
Net margin 6.1% FY2025
Return on equity 578% TTM
Return on assets (EBIT) 3.7% avg 5y
Operating margin 24.4% TTM
More key figures
Growth
Revenue (TTM) 44.8B KRW TTM
Revenue growth (YoY) +52.0% 3y avg −10.0%
EPS growth (YoY) −37.6%
Balance sheet & cash flow
Free cash flow −3.9B KRW FY2025

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 45 · Market factors (momentum, volatility) 32

Profitability 26
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 83
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

eMnet Inc. operates as a professional online marketing consulting company worldwide. It also offers search, mobile, display, video, Facebook, overseas, and viral advertisement services.

Full company description

eMnet Inc. operates as a professional online marketing consulting company worldwide. It also offers search, mobile, display, video, Facebook, overseas, and viral advertisement services. In addition, the company provides AdTech based solutions, such as AD Insight that offers analytics report with log analyzing solutions; AD Insight RTA, a real-time inflow and transition and invalid click corresponding solution; Ad Manager, an account and bidding management solutions; DexR, a media integrated multi-dimensional outcome analytics tool; AD Center, an integrated advertisement reporting solution; Brand Manager for managing viral marketing and brand; SKA Tool that provides keywords analysis for shopping trend; Finder Solution for identifying the social media trend; KeyHolder to analyze data of the current status for search advertisement of competitors; and ADiffuser, a Facebook recommendation based target system. eMnet Inc. was founded in 2000 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

eMnet Inc reported revenue of 32.3B KRW in FY2025 versus 35.2B KRW in FY2021, a compound −2.2%/yr. Reported net income was 2.0B KRW in FY2025, compounding −47.5%/yr from FY2021.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
32.3B KRW
Latest YoY
−11.2%
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.
−10.0%
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.
−3.7%
Avg. revenue growth/yr (14Y) 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.
+1.2%
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.
−19.2% (−22.2 + 3.0)
Revenue −2.2%/yr
FY21 35.2B KRW
FY22 44.2B KRW
FY23 35.0B KRW
FY24 36.3B KRW
FY25 32.3B KRW
Net income −47.5%/yr
FY21 25.8B KRW
FY22 6.7B KRW
FY23 4.0B KRW
FY24 5.7B KRW
FY25 2.0B KRW

123570 screens 11% overvalued. Compare with GTNA →

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Cite: Fair Value Calculator (2026). "eMnet Inc Fair Value". https://www.fairvalue-calculator.com/stock/123570

Peer Group

Media & Publishing · 15 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 51 · Below median
Fair Value upside −10% · Below median
Return on assets 5% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth 52% · Top 25%
Dividend yield (TTM) 3.0% · Below 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
VALUE20 · sector 30
FUTURE100 · sector 0
PAST0 · sector 40
HEALTH100 · sector 100
DIVIDEND61 · sector 96

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 eMnet Inc (123570) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of 1,491 KRW versus a price of 1,658 KRW, about −10% upside (overvalued).
What is the fair value of 123570?
Our model-based fair value for eMnet Inc is 1,491 KRW (as of Sep 5, 2026), built from audited fundamentals. The current price: 1,658 KRW.
What is the quality score of 123570?
eMnet Inc has a Quality Score of 51/100. 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 eMnet Inc (123570)?
eMnet Inc reported trailing-twelve-month revenue of about 44.8B KRW (latest available figure, as of Sep 5, 2026).
What is the net profit margin of 123570?
The net profit margin of eMnet Inc is about 14.4%, meaning it keeps roughly 14.4% of revenue as net income. Based on the latest reported figures.
Does eMnet Inc pay a dividend?
eMnet Inc currently shows a dividend yield of about 3.04% relative to its recent price (as of Sep 5, 2026).
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