029460.KS
KC Co., Ltd.

Technology · Semiconductor Equipment & Materials · valued as of 2026-11-03 · statements 2025-12-31

Average Intrinsic Value

426.15M USD

Market Cap

357.94M USD

Margin of Safety

16.0%

Intrinsic / Market Ratio

1.19×

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

EPV + Growth

520.66M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

314.40M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

443.40M USD

15 years of cash for shareholders and lenders, less what is owed

Intrinsic Value

426.15M USD

the plain average of the three, uncapped, as the screener averages them

Intrinsic Value

426.15M USD

from the sum above

Market Cap

357.94M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

1.19×

the ratio the screener ranks by; Margin of Safety +16.0% (1 − Market Cap ÷ Intrinsic Value)

Each card below builds one of the three values from the reported years.

Earnings power value plus growth: 520.66M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)307.35M USD
+②Net Cash Today140.73M USD
+③Growth Value72.59M USD
=Value520.66M USD

EPV of the Operations (NOPAT over WACC)

307.35M USD

Net cash today

+140.73M USD

Growth Value

+72.59M USD

Value

520.66M USD

①EPV (earnings power value)

307.35M USD

②Net Cash Today

140.73M USD

③Growth Value

72.59M USD

Market value

Market Cap357.94M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+31.3%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 314.40M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE151.56M USD
+②Equity at Year 15, Today162.84M USD
=Value314.40M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment rising to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

151.56M USD

②Equity at Year 15, Today

162.84M USD

Market value

Market Cap357.94M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-13.9%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 443.40M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF152.26M USD
+②Invested Capital at Year 15, Today150.41M USD
+③Net Cash Today140.73M USD
=Value443.40M USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROIC on new investment rising to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

152.26M USD

②Invested Capital at Year 15, Today

150.41M USD

③Net Cash Today

140.73M USD

Market value

Market Cap357.94M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+19.3%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 11.65%
Cost of Equity =Risk-Free Rate 4.50%+Beta 1.28×Market Risk Premium 6.00%= 12.19%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 8.00M USDPretax Income 43.12M USD= 18.56%

The tax the interest saves.

Interest Expense =EBIT 44.51M USD−Pretax Income 43.12M USD= 1.40M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 1.40M USDTotal Debt 26.16M USD×(1 − Tax Rate for WACC 18.56%)= 4.34%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 26.16M USDMarket Cap + Total Debt 357.94M USD + 26.16M USD= 6.81%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 93.19%×Cost of Equity 12.19%+Debt Weight 6.81%×Cost of Debt 4.34%= 11.65%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 861.11M USD − Total Liabilities 155.71M USD = Book Value Today 705.40M USD

Total Debt 26.16M USD − Cash and Short-Term Investments 166.88M USD = Net Debt Today -140.73M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-11.6%at most 5%passes10,757,343 / 12,169,180
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets0.6%at least -10.0%passes(35.53M USD − 30.54M USD) ÷ 861.11M USD
Price to bookMarket Cap ÷ Book Value Today0.51×at most 3×passes357.94M USD ÷ 705.40M USD
Operating marginOperating Income ÷ Revenue5.8%above 10.0%does not pass32.34M USD ÷ 555.07M USD
Revenue growthRevenue ÷ Revenue a Year Before − 110.2%above 10.0%passes555.07M USD / 503.77M USD
Net cash(Cash − Total Debt) ÷ Market Cap7.2%above -30%passes(51.97M USD − 26.16M USD) ÷ 357.94M USD
Operating efficiencyOperating Income ÷ Gross Profit34.0%above 25.0%passes32.34M USD ÷ 95.18M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

44044.00 KRW

Enterprise value

374.48B KRW

the provider's own figure

EV / EBITDA

5.39×

Price / book

—

the provider's book

Price / earnings

—

Return on equity

6.1%

the provider's figure, not this page's

Profit margin

6.7%

Revenue growth

19.5%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2022202320242025
Income statement

Revenue

681.47M569.52M503.77M555.07M

Gross profit

134.38M111.24M74.58M95.18M

Operating income

80.40M52.00M19.09M32.34M

EBITDA

operating income before depreciation and amortisation

112.36M82.05M55.61M62.22M

Pretax income

100.03M64.66M40.01M43.12M

Net income

79.06M37.24M31.71M30.54M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

79.26M39.61M30.44M32.33M

R&D

7.94M8.47M9.61M10.71M
Balance sheet, year end

Total assets

797.95M832.16M714.12M802.70M

Total liabilities

169.87M154.63M129.13M128.32M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

561.17M603.08M518.27M593.01M

Total debt

18.88M24.73M18.60M30.63M

Cash and equivalents

64.47M75.61M78.89M40.79M

Net PP&E

fixed assets after depreciation

130.71M159.93M153.66M176.37M

Working capital

current assets less current liabilities

236.58M241.47M218.01M215.97M
Cash flow

Operating cash flow

85.82M46.14M25.07M35.53M

Capital expenditure

paid out, so below zero

-33.56M-35.61M-25.60M-35.29M

Depreciation and amortisation

11.30M15.75M14.47M17.71M

Free cash flow

operating cash flow plus capital expenditure

52.25M10.53M-530.41K249.48K