Daido Steel Co., Ltd (DAIDF) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Daido Steel Co., Ltd stock $10.88, price $11.34, that is 4.1% below the price, quality 56 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
28‑month range $6.32 – $11.34 · fair‑value band $8.01 – $15.66 · the $11.34 price screens above the $10.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
Follow Daido Steel Co. in your weekly email
Every Wednesday you see whether Daido Steel Co. is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Daido Steel Co., Ltd. engages in the manufacture and sale of steel products in Japan and internationally.
Show moreShow less
The Specialty Steel segment is involved in automotive parts, industrial machinery parts, electrical machinery parts, construction, and tool steel business; and products and materials manufacturing, distribution, raw materials sales, transportation and logistics business.
The High Performance Materials and Magnetic Materials segment offers stainless steel products, nickel-based alloys, electrical and electronics parts, magnetic material products, alloy powders, titanium products, and welding wires.
The Parts For Automobile and Industrial Equipment segment provides die forgings, precise hot forgings, and welded parts, including automotive parts and bearing races; open die forgings parts for boats and ships, industrial machines, heavy electric machines, steel making equipment, chemical equipment, oil drilling rigs, and spacecraft and aircraft; and castings comprising manganese railway rails, components for automobiles, industrial machines, electric machines and furnaces, cast steel products, etc.
This segment also offers precision castings for automotive, industrial machines, electric machines, telecommunications equipment, etc.; and lumber industry band saws, engine valves, compressors, hydraulic equipment, and machine tool parts.
The Engineering segment provides steel making equipment; industrial furnaces and facilities; environmental equipment for drainage, exhaust, waste disposal, and treatment facilities; machine tools; and machine maintenance services.
The Trading and Service segment engages in the provision of welfare services; real estate and insurance business; and golf course management and analysis businesses. Daido Steel Co., Ltd. was founded in 1916 and is headquartered in Nagoya, Japan.
Stock analysis
Daido Steel Co., Ltd (DAIDF) currently trades at $11.34, while our model-based Fair Value estimate is $10.88, so the stock looks roughly fairly valued today (gap 4.3%).
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $17.53 per share, and 12 of the 24 models we run sit above the $11.34 price.
Bear case: the Asset-Based group reads lowest at $2.01, and 12 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $8.01 (bear) to $15.66 (bull), the price of $11.34 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Daido Steel Co., Ltd reported revenue of ¥578B in FY2026 versus ¥530B in FY2022, a compound +2.2%/yr. Reported net income was ¥32.6B in FY2026, compounding +4.9%/yr from FY2022.
Key figures
Market cap $3.0B Mid · P/E ratio 10.0 · P/S ratio 0.56 · EPS (TTM) $1.14 · Dividend yield 2.7% · Net margin 5.6% · Return on equity 7.6% · Return on assets (EBIT) 5.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at −4%, DAIDF screens cheaper than that median.
Fair Value models
Bear$8.01Fair Value $10.88Bull$15.66
Price $11.34 · Downside -4.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($0.5073 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.1%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in JPY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in JPY: 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.
+8.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.3%
Dividend (yield on the price)2.7%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 7%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+20.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +17.8% a year for the price and +2.0% for the forecasts.
AI conclusion: The steel producer gains from its fusion reactor alloy partnership yet faces limited pricing power and low returns amid high leverage in a cyclical industry.
Main risk: High leverage in the cyclical steel sector risks pressuring margins and refinancing during industry downturns.
Daido Steel is developing commercial production methods for low-activation vanadium alloys through its new partnership aimed at fusion reactor blankets. The effort fits its stated carbon-neutrality push yet sits alongside a traditional specialty steel business serving autos and machinery. Will this project scale into a meaningful new revenue stream or remain a small-scale technology exercise for years to come?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Steel · 410 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−4.1% · Above median
Profitability
Return on equity (12 months)7.6% · Above median
Return on assets3.8% · Above median
Net margin (12 months)5.9% · Above median
Operating margin (12 months)8.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)14.9% · Above median
Dividend yield (12 months)2.7% · Above median
Balance sheet
Debt / equity0.22× · Above median
Valuation Multiplesvs Steel median · lower = cheaper
P/E (12 months)10.0× · Cheaper than median
P/B0.76× · Cheaper than median
P/S (12 months)0.60× · Cheaper than median
Price / free cash flow (fiscal year)26.5× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Daido Steel Co., Ltd (DAIDF) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of $10.88 versus a price of $11.34, about 4% lower (fairly valued).
What is the fair value of DAIDF?
Our model-based fair value for Daido Steel Co., Ltd is $10.88 (as of Nov 9, 2026), built from audited fundamentals. The current price: $11.34.
What is the quality score of DAIDF?
Daido Steel Co., Ltd has a Quality Score of 56/100. 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 price target for Daido Steel Co., Ltd (DAIDF)?
Our model-based price target is the fair value of $10.88 (as of Nov 9, 2026) from 24 valuation models. Cautious scenario $8.01, optimistic scenario $15.66. It is a calculation from audited fundamentals, not an analyst target.
What is the Daido Steel Co., Ltd stock forecast for 2026?
Our models put fair value at $10.88, about 4% lower versus a price of $11.34 (fairly valued). Cautious scenario $8.01, optimistic scenario $15.66. The calculation is refreshed regularly with new filings.
What is the revenue of Daido Steel Co., Ltd (DAIDF)?
Daido Steel Co., Ltd reported trailing-twelve-month revenue of about ¥599B (latest available figure, as of Nov 9, 2026).
Does Daido Steel Co., Ltd pay a dividend?
Daido Steel Co., Ltd currently shows a dividend yield of 2.73% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Daido Steel Co., Ltd (DAIDF) and when is the ex-dividend date?
Daido Steel Co., Ltd pays a dividend of $0.31 per share a year, a dividend yield of 2.7%. The next ex-dividend date is Mar 30, 2027. The payout ratio is 30.0% of earnings. Free cash flow covers the dividend 1.38 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Daido Steel Co., Ltd (DAIDF)?
For today's price to be fair in a discounted-cash-flow model, Daido Steel Co., Ltd would have to grow free cash flow by +20.3 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +2.2 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of DAIDF use?
Our models discount Daido Steel Co., Ltd at 9.9 %: a base by market capitalisation (mid), damped by beta 1.06, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Daido Steel Co., Ltd that is +20.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has Daido Steel Co., Ltd (DAIDF) delivered so far?
Over the past 4 years revenue at Daido Steel Co., Ltd grew +2.2 % a year. The price currently implies free-cash-flow growth of +20.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Daido Steel Co., Ltd (DAIDF) growing?
The median revenue growth in the sector is +11.2 % a year. That is the yardstick for the growth priced into Daido Steel Co., Ltd (+20.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Daido Steel Co., Ltd (DAIDF)?
The free-cash-flow yield on the price is 3.78 %: that much free cash flow Daido Steel Co., Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Daido Steel Co., Ltd (DAIDF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Daido Steel Co., Ltd it is $10.88 per share (as of Nov 9, 2026), against a price of $11.34. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Daido Steel Co., Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, DAIDF trades above its calculated fair value: price $11.34, fair value $10.88, a gap of about −4% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DAIDF?
No. The price is what the market pays today ($11.34); the fair value is what the company's own numbers justify ($10.88). For Daido Steel Co., Ltd the two are $0.4634 per share apart. That gap is exactly why we show both numbers side by side.
How much is Daido Steel Co., Ltd worth?
The market values Daido Steel Co., Ltd at about $3.0B (market capitalisation, as of Nov 9, 2026). Per share that is $11.34; our models calculate a fair value of $10.88 per share.
What do the bullish and bearish scenarios say about DAIDF?
Our models span a range for Daido Steel Co., Ltd: cautious scenario $8.01, base $10.88, optimistic $15.66 per share (as of Nov 9, 2026, price $11.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DAIDF?
Daido Steel Co., Ltd trades at a price-to-earnings ratio of 10.0 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $10.88 is built from several models across several years. Other multiples: P/B 0.8, P/S 0.6, EV/EBITDA 6.5.
How solid is the balance sheet of Daido Steel Co., Ltd (DAIDF)?
Balance-sheet figures for Daido Steel Co., Ltd (as of Nov 9, 2026): return on equity 7.6%, debt of 0.22 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is DAIDF from its 52-week high?
Daido Steel Co., Ltd trades at $11.34, about 23% below its 52-week high of $14.77 and 27% above the low of $8.93 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $10.88 is for.
Which stocks are comparable to Daido Steel Co., Ltd?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Daido Steel Co., Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price $11.34, calculated fair value $10.88 (−4%), Quality Score 56/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DAIDF calculated?
We run Daido Steel Co., Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $10.88 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Daido Steel Co., Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Daido Steel Co., Ltd (DAIDF)?
The closing price on Nov 9, 2026 was $11.34. Our model-based fair value is $10.88, about 4% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Daido Steel Co., Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($8.01 to $15.66) leaves room in how you read the outcome.
Key figures of Daido Steel Co., Ltd
How large is the market capitalisation of Daido Steel Co., Ltd (DAIDF)?
The market capitalisation of Daido Steel Co., Ltd is $3.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Daido Steel Co., Ltd (DAIDF)?
The price-to-sales ratio of Daido Steel Co., Ltd is 0.56 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Daido Steel Co., Ltd (DAIDF)?
Earnings per share at Daido Steel Co., Ltd are $1.14 (price ÷ EPS = P/E 10.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Daido Steel Co., Ltd (DAIDF)?
The dividend yield of Daido Steel Co., Ltd is 2.7% (payout 27.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Daido Steel Co., Ltd (DAIDF)?
The net margin of Daido Steel Co., Ltd is 5.6% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Daido Steel Co., Ltd (DAIDF)?
The return on equity (ROE) of Daido Steel Co., Ltd is 7.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Daido Steel Co., Ltd (DAIDF)?
On an EBIT basis the return on assets of Daido Steel Co., Ltd is 5.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Daido Steel Co., Ltd (DAIDF)?
The operating margin of Daido Steel Co., Ltd is 8.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Daido Steel Co., Ltd (DAIDF)?
Revenue at Daido Steel Co., Ltd is growing +14.9% versus a year earlier (3y avg −0.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Daido Steel Co., Ltd (DAIDF)?
Earnings per share at Daido Steel Co., Ltd are growing +45.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Daido Steel Co., Ltd (DAIDF) carry?
The net debt of Daido Steel Co., Ltd is ¥111B (fiscal year 2026, ≈ 8.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Daido Steel Co., Ltd in the live analysis
One click puts Daido Steel Co., Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 9, 2026