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Vina Technology Co. Ltd. (126340) Fair Value & Analysis

Technology · KR · Market cap 387B KRW (≈ $271M) · ISIN KR7126340009

What is Vina Technology Co. Ltd. really worth?

VT Vina Technology Co. Ltd. 126340 · KQ
Price59,400 KRW
Fair Value24,754 KRW
Upside−58.3%
Quality30/100

Below-average quality, and trading another 140% above our fair value of 24,754 KRW.

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Strengths

Highly profitable · 21.6% net margin

Risks

!Expensive Growth (revenue 5y +12.0 %/yr)
!Low debt · negative free cash flow
!Mixed vs. peers (4/7)
!Moderate moat 56/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 13,940 KRW – 35,568 KRW

Fair value as of: Aug 13, 2026

From 6 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from 9,538 KRW to 24,754 KRW (+159.5%) since Jul 20, 2026. Share price −1.5% 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 (35,568 KRW). The favourable scenario is already priced in.
  • Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (13,940 KRW to 35,568 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

193,600 KRW 20,777 KRW Fair Value 24,754 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 20,777 KRW – 193,600 KRW · fair‑value band 13,940 KRW – 35,568 KRW · the 59,400 KRW price screens above the 24,754 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

Vina Technology Co. Ltd. (126340) currently trades at 59,400 KRW, while our model-based Fair Value estimate is 24,754 KRW, implying the stock looks roughly 140.0% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Technology sector. How firm this estimate is: it rests on 8 models at a data quality of 94/100, which puts the evidence level at low.

Over the trailing twelve months, Vina Technology Co. Ltd. generated revenue of 65.8B KRW at a net margin of 21.6%. Revenue grew 23.0% year over year. Net debt stands at 93.3B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 13,940 KRW (bear case) to 35,568 KRW (bull case); at 59,400 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 71% below its 52-week high and 125% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 64% fair-value upside, at −58%, 126340 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (21.85 KRW to 29,356 KRW). Read the values as a conservative anchor, not as a price target.
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
EV/EBITDA 20,981 KRW 29,356 KRW 37,731 KRW 67
DDM Multi-Stage 12.22 KRW 21.85 KRW 27.80 KRW 66
Gordon GGM 12.22 KRW 26.68 KRW 44.88 KRW 65
All 6 models by family
Dividend Discount
Gordon GGM 12.22 KRW 26.68 KRW 44.88 KRW 65
DDM Multi-Stage 12.22 KRW 21.85 KRW 27.80 KRW 66
Multiples
EV/EBIT 757.84 KRW 2,392 KRW 4,025 KRW 60
EV/EBITDA 20,981 KRW 29,356 KRW 37,731 KRW 67
EV/Revenue 458.34 KRW 50
Asset-Based
NCAV (Graham) 6,125 KRW 8,208 KRW 12,250 KRW 54

Widest divergence: Asset-Based (8,208 KRW) versus Dividend Discount (21.85 KRW). Highest evidence: EV/EBITDA (67).

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Key figures & financial health

P/S ratio 5.88 TTM
Net margin −7.1% FY2025
Return on equity −1,716% TTM
Return on assets (EBIT) 2.3% avg 5y
Operating margin 15.1% TTM
Revenue (TTM) 65.8B KRW TTM
More key figures
Growth
Revenue growth (YoY) +23.0% 3y avg +5.2%
EPS growth (YoY) +58.4%
Balance sheet & cash flow
Free cash flow −25.5B KRW FY2025
Net debt 93.3B KRW FY2025

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

Quality Score breakdown

Overall quality 30/100

Of which business quality 27 · Market factors (momentum, volatility) 42

Profitability 11
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 18
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

VINATech Co., Ltd. develops and manufactures energy storage systems in South Korea and internationally. The company provides supercapacitors, including Hy-Cap EDLC single cell models, Hy-Cap Hybrid single cell models, and Hy-Cap modules; and Hy-Cap lithium ion capacitor single cell products, as well as solutions for fuel cells and deodorizing filters under …

Full company description

VINATech Co., Ltd. develops and manufactures energy storage systems in South Korea and internationally. The company provides supercapacitors, including Hy-Cap EDLC single cell models, Hy-Cap Hybrid single cell models, and Hy-Cap modules; and Hy-Cap lithium ion capacitor single cell products, as well as solutions for fuel cells and deodorizing filters under the Hy-Cap brand. Its products are used in smart meters/network equipment, automotive after-market products, uninterruptible power supply products/dynamic voltage restorers, solar street lamps, emergency lamps, wind turbines, regenerative energy storage devices, and other applications. The company was founded in 1999 and is headquartered in Jeonju, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vina Technology Co. Ltd. reported revenue of 82.2B KRW in FY2025 versus 49.0B KRW in FY2021, a compound +13.8%/yr. Reported net income was −5.9B KRW in FY2025.

Growth Quality 53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
82.2B KRW
Latest YoY
+38.0%
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.
+5.2%
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.
+12.0%
Avg. revenue growth/yr (9Y) 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.
+16.9%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +13.8%/yr
FY21 49.0B KRW
FY22 70.7B KRW
FY23 55.0B KRW
FY24 59.6B KRW
FY25 82.2B KRW
Net income
FY21 7.5B KRW
FY22 11.7B KRW
FY23 2.0B KRW
FY24 −9.1B KRW
FY25 −5.9B KRW

126340 screens 140% overvalued. Compare with STCube, Inc →

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Cite: Fair Value Calculator (2026). "Vina Technology Co. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/126340

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 30 · Bottom 25%
Fair Value upside −58% · Below median
Return on assets 5% · Top 25%
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 23% · Above median
Debt / equity 0.46× · Higher 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 8
FUTURE100 · sector 0
PAST0 · sector 0
HEALTH77 · 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

Similar stocks

10 more Electronic Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Namuga Co 190510 14,530 KRW 44,255 KRW +205%
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e-LITECOM CO., Ltd 041520 11,400 KRW 11,520 KRW +1%
Ajinextek Co 059120 7,440 KRW 3,455 KRW −54%
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Frequently asked questions

Is Vina Technology Co. Ltd. (126340) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 24,754 KRW versus a price of 59,400 KRW, about −58% upside (overvalued).
What is the fair value of 126340?
Our model-based fair value for Vina Technology Co. Ltd. is 24,754 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 59,400 KRW.
What is the quality score of 126340?
Vina Technology Co. Ltd. has a Quality Score of 30/100. 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 Vina Technology Co. Ltd. (126340)?
Vina Technology Co. Ltd. reported trailing-twelve-month revenue of about 65.8B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 126340?
The net profit margin of Vina Technology Co. Ltd. is about 21.6%, meaning it keeps roughly 21.6% of revenue as net income. Based on the latest reported figures.
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