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189690.KQ$1893.00-1.05%
Fair $1893.00+0.0%

189690.KQ

FORCS Co.,Ltd.

Technology / Software - ApplicationKOSDAQ

$1893.00

-20.00 (-1.05%)

Fairly Valued+0.0%Fair Value $1893.00Fund rank 32/100 · Data gapFallback financials|
SA 29/D
F-Score: 4/9
Margin Compression

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $6.2B · quality 60.0/100

Data gap 32/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 73/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

29/100

D

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Operating margin has declined for 3 consecutive years
Thesis & Journal · 189690.KQLocal privado en este navegador · FORCS Co.,Ltd.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$49.7B

P/E

10.6x

↓

EV/EBITDA

6.9x

↓

ROE

6.1%

↑

Gross Margin

61.2%

↑

Debt/Equity

N/A

•
52-Week Range$1893
$1755$3215

TradingView lightweight chart

189690.KQ price, volumen y niveles de valoración

Último $1,893Periodo -47.6%
Fair value: $1,893

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+3.6%

FCF CAGR

+16.6%

FCF margin

18.7%

FCF / Net income

1.35x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $32.89B · net income $4.55B · FCF $6.15B

2022-FY → 2025-FY

Gross margin

61.2%-6.0% pts

Operating margin

13.4%-9.1% pts

Net margin

13.8%-8.4% pts

FCF margin

18.7%+5.6% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$32.89B$32.89B$31.30B$33.25B$29.61B
Net Income$4.55B$4.55B$4.73B$5.24B$6.58B
EBITDA$5.38B$5.38B$5.26B$5.62B$7.94B
EPS178.00178.00179.00192.00240.67
Gross Margin61.2%61.2%66.3%56.6%67.2%
Operating Margin13.4%13.4%14.4%15.6%22.5%
Net Margin13.8%13.8%15.1%15.8%22.2%
Balance Sheet
Current Ratio11.4611.46———
Cash Flow
Free Cash Flow$6.15B$6.15B$6.74B$2.52B$3.88B
Returns
ROE6.1%6.1%6.4%7.4%9.9%
Valuation
P/E10.6310.6314.4116.6410.14
EV/EBITDA6.946.9411.1514.327.55
P/B0.640.640.921.241.01
Growth & Yield
Revenue Growth5.1%5.1%-5.9%12.3%—
EPS Growth-0.6%-0.6%-6.8%-20.2%—
Dividend Yield2.6%2.6%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-1.9%

fácil

EPS terminal req.

$167.97

Spread vs growth

1.4%

5Y implied EPS CAGR

2.7%

fácil

EPS terminal req.

$203.25

Spread vs growth

-3.2%

10Y implied EPS CAGR

6.3%

razonable

EPS terminal req.

$327.33

Spread vs growth

-6.8%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -12.5%

Total return

-12.5%

Start / end P/E

12.5x → 10.6x

EPS bridge

179.00 → 178.00

Residual

+0.1%

EPS growth-0.6%
Multiple rerating-14.6%
Dividend+2.6%
Residual / FX / buybacks / cross-term+0.1%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.