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PSK Inc (319660) Fair Value & Analysis

Technology · KR · Market cap 5.4T KRW (≈ $3.8B) · ISIN KR7319660007

What is PSK Inc really worth?

PI PSK Inc 319660 · KQ
Price126,500 KRW
Fair Value32,863 KRW
Upside−74.0%
Quality66/100

A solid business, but trading 285% above our fair value of 32,863 KRW.

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Strengths

Solidly profitable · 19.5% net margin
Low debt · generates free cash flow
Ranks above peers (8/10)
Wide moat 76/100

Risks

!Mixed Growth (revenue 5y +11.5 %/yr)
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 11 out of 100

For context

·0.54% dividend yield
Evidence: Medium Range 23,138 KRW – 45,754 KRW

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from 33,490 KRW to 32,863 KRW (−1.9%) since Jul 15, 2026. Share price −0.9% 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 (45,754 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (23,138 KRW to 45,754 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

211,500 KRW 13,289 KRW Fair Value 32,863 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 13,289 KRW – 211,500 KRW · fair‑value band 23,138 KRW – 45,754 KRW · the 126,500 KRW price screens above the 32,863 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

PSK Inc (319660) currently trades at 126,500 KRW, while our model-based Fair Value estimate is 32,863 KRW, implying the stock looks roughly 284.9% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 42,686 KRW per share, and 0 of the 26 models we run sit above the 126,500 KRW price. Bear case: the Dividend Discount group reads lowest at 6,881 KRW, and 26 of the 26 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, PSK Inc generated revenue of 512B KRW at a net margin of 19.5%. Revenue grew 53.6% year over year. It earns a return on equity of 19.0%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 23,138 KRW (bear case) to 45,754 KRW (bull case); at 126,500 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 −71% fair-value upside, at −74%, 319660 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 24,222 KRW 42,155 KRW 75,064 KRW 77
Growth DCF 24,107 KRW 40,768 KRW 71,003 KRW 76
5Y EBITDA Exit 19,831 KRW 31,581 KRW 46,234 KRW 75
All 26 models by family
DCF Models
FCF DCF 24,222 KRW 42,155 KRW 75,064 KRW 77
Owner Earnings 36,799 KRW 65,746 KRW 118,868 KRW 73
5Y Revenue Exit 19,154 KRW 30,177 KRW 45,064 KRW 72
5Y EBITDA Exit 19,831 KRW 31,581 KRW 46,234 KRW 75
5Y P/E Exit 28,341 KRW 49,227 KRW 73,332 KRW 70
10Y Revenue Exit 20,168 KRW 31,395 KRW 48,494 KRW 66
10Y EBITDA Exit 21,106 KRW 32,451 KRW 49,502 KRW 68
10Y P/E Exit 26,891 KRW 45,724 KRW 72,844 KRW 62
Earnings-Based
Graham-Dodd 18,439 KRW 87,176 KRW 119,888 KRW 64
Lynch FV 23,138 KRW 33,054 KRW 42,970 KRW 61
PEG = 1.0 23,138 KRW 33,054 KRW 42,970 KRW 57
EPV 26,500 KRW 30,515 KRW 34,085 KRW 74
Dividend Discount
Gordon GGM 3,848 KRW 8,400 KRW 14,133 KRW 65
DDM Multi-Stage 3,848 KRW 6,881 KRW 8,754 KRW 66
Multiples
P/E Multiple 28,472 KRW 37,962 KRW 47,453 KRW 63
P/S Multiple 14,206 KRW 18,941 KRW 23,676 KRW 58
P/B Multiple 25,118 KRW 33,490 KRW 41,863 KRW 55
EV/EBIT 26,656 KRW 34,294 KRW 41,932 KRW 66
EV/EBITDA 19,001 KRW 24,087 KRW 29,172 KRW 67
EV/Revenue 17,002 KRW 22,685 KRW 28,367 KRW 54
Asset-Based
NCAV (Graham) 9,303 KRW 12,466 KRW 18,606 KRW 54
Growth DCF
Growth DCF 24,107 KRW 40,768 KRW 71,003 KRW 76
Rev-Margin DCF 19,154 KRW 29,964 KRW 44,029 KRW 72
Economic Profit
Residual Income 18,846 KRW 25,447 KRW 81,821 KRW 64
ROIC Compounder 29,642 KRW 40,040 KRW 54,624 KRW 71
Growth Earnings
Growth-Adj P/E 29,880 KRW 42,686 KRW 55,492 KRW 67

Widest divergence: Growth Earnings (42,686 KRW) versus Dividend Discount (6,881 KRW). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/S ratio 10.6 TTM
Dividend yield 0.5%
Net margin 17.2% FY2025
Return on equity 19.0% TTM
Return on assets (EBIT) 16.3% avg 5y
Operating margin 30.1% TTM
More key figures
Growth
Revenue (TTM) 512B KRW TTM
Revenue growth (YoY) +53.6% 3y avg −0.3%
EPS growth (YoY) +106%
Balance sheet & cash flow
Free cash flow 43.2B KRW FY2025

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 64 · Market factors (momentum, volatility) 70

Profitability 63
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 23
Calm price path (market factor)
Momentum 98
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 82
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

PSK Inc. develops, manufactures, and sells semiconductor processing equipment worldwide. The company offers dry strip, selective material removal, bevel etch, integrated process equipment, dry cleaning, new hard mask strip, etch back, power device etch, and wafer edge clean products. It also provides 3D IC packing equipment. PSK Inc.

Full company description

PSK Inc. develops, manufactures, and sells semiconductor processing equipment worldwide. The company offers dry strip, selective material removal, bevel etch, integrated process equipment, dry cleaning, new hard mask strip, etch back, power device etch, and wafer edge clean products. It also provides 3D IC packing equipment. PSK Inc. company was founded in 1990 and is headquartered in Hwaseong-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PSK Inc reported revenue of 457B KRW in FY2025 versus 446B KRW in FY2021, a compound +0.6%/yr. Reported net income was 78.5B KRW in FY2025, compounding +0.6%/yr from FY2021.

Growth Quality 85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
457B KRW
Latest YoY
+14.9%
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.
−0.3%
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.
+11.5%
Avg. revenue growth/yr (6Y) 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.
+19.8%
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.
+29.5% (29.0 + 0.5)
Revenue +0.6%/yr
FY21 446B KRW
FY22 461B KRW
FY23 352B KRW
FY24 398B KRW
FY25 457B KRW
Net income +0.6%/yr
FY21 76.7B KRW
FY22 77.4B KRW
FY23 52.5B KRW
FY24 79.1B KRW
FY25 78.5B KRW

319660 screens 285% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "PSK Inc Fair Value". https://www.fairvalue-calculator.com/stock/319660

Peer Group

Semiconductor Equipment & Materials · 213 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 66 · Top 25%
Fair Value upside −74% · Bottom 25%
Return on equity (TTM) 19% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 30% · Top 25%
Revenue growth 54% · Top 25%
Dividend yield (TTM) 0.5% · Below median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/FCF 0.1× · Cheaper 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 0
FUTURE100 · sector 59
PAST76 · sector 30
HEALTH99 · sector 96
DIVIDEND11 · sector 17

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML €1,494 €604.27 −60%
Applied Materials, Inc AMAT $482.36 $183.10 −62%
Lam Research Corporation LRCX $301.90 $91.80 −70%
KLA Corporation KLAC $175.54 $74.58 −58%
NAURA Technology Group 002371 ¥707.90 ¥205.30 −71%
Teradyne, Inc TER $354.97 $65.80 −81%
Advanced Micro-Fabrication Equipment Inc 688012 ¥380.95 ¥55.05 −86%
Piotech Inc 688072 ¥685.11 ¥89.27 −87%
Hon. Precision, Inc 7769 6,445 TWD 1,804 TWD −72%
Hangzhou Changchuan Technology Co 300604 ¥284.80 ¥46.26 −84%

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Frequently asked questions

Is PSK Inc (319660) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 32,863 KRW versus a price of 126,500 KRW, about −74% upside (overvalued).
What is the fair value of 319660?
Our model-based fair value for PSK Inc is 32,863 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 126,500 KRW.
What is the quality score of 319660?
PSK Inc has a Quality Score of 66/100. 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 PSK Inc (319660)?
PSK Inc reported trailing-twelve-month revenue of about 512B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 319660?
The net profit margin of PSK Inc is about 19.5%, meaning it keeps roughly 19.5% of revenue as net income. Based on the latest reported figures.
Does PSK Inc pay a dividend?
PSK Inc currently shows a dividend yield of about 0.54% relative to its recent price (as of Aug 13, 2026).
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