Tae Won Mulsan (001420) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Tae Won Mulsan stock KRW 4,988, price KRW 2,610, upside +91.1%, quality 47 out of 100. Rating: strongly undervalued. Calculated from audited financials with one 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 4, 2026.
How to read this chart
60‑month range 2,010 KRW – 5,543 KRW · fair‑value band 3,292 KRW – 6,235 KRW · the 2,610 KRW price screens below the 4,988 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Tae Won Mulsan Co., Ltd. engages in the manufacture and sale of engine water pumps and engine surrounding parts for automobiles.
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The company provides water pumps for farm machines and automobiles; rod and cable type gear shift cover assemblies; shift blocks and front bearing covers for trucks; brackets for transmission mounts; shackles for alternators; EGR adapters; and ECU housing products.
It also offers refined phosphate gypsum, gypsum plaster, calcined gypsum, and gypsum resin mortar for use in construction materials. The company was formerly known as Samyang Trading and changed its name to Tae Won Mulsan Co., Ltd. in February 1968.
The company was founded in 1955 and is headquartered in Seoul, South Korea.
Stock analysis
Tae Won Mulsan (001420) currently trades at 2,610 KRW, while our model-based Fair Value estimate is 4,988 KRW, implying the stock looks roughly 48% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.
Scenario range: 3,292 KRW (bear) to 6,235 KRW (bull), the price of 2,610 KRW sits below 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 47/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Tae Won Mulsan reported revenue of 14.9B KRW in FY2025 versus 14.7B KRW in FY2021, a compound +0.3%/yr. Reported net income was −2.3B KRW in FY2025.
Key figures
Market cap 19.1B KRW (≈ $14.2M) Micro · P/S ratio 1.12 · EPS (TTM) −411.93 KRW · Dividend yield 7.7% · Net margin −17.4% · Return on equity −7.2% · Return on assets (EBIT) −1.8% (5-year average) · Operating margin −3.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 30% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 91%, 001420 screens cheaper than that median.
Fair Value models
Bear3,292 KRWFair Value 4,988 KRWBull6,235 KRW
Price 2,610 KRW · Upside +91.1%
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.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.6/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+28.5%
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.
+10.7%
Revenue growth 5 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.
−1.9%
Start year 2020 (pandemic). Over 10 years: −6.9% a year
Revenue growth 12 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.
−7.5%
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Profit margin (trend) ⓘ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.
−3.9% (2020) → −6.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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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.Auto Parts · 655 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+91.1% · Top 25%
Profitability
Return on assets−5.2% · Bottom 25%
Net margin (12 months)−17.4% · Bottom 25%
Operating margin (12 months)−3.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)33.7% · Top 25%
Dividend yield (12 months)7.7% · Top 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "Tae Won Mulsan Fair Value". https://www.fairvalue-calculator.com/stock/001420
Frequently asked questions
Is Tae Won Mulsan (001420) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 4,988 KRW versus a price of 2,610 KRW, about +91% upside (undervalued).
What is the fair value of 001420?
Our model-based fair value for Tae Won Mulsan is 4,988 KRW (as of Nov 4, 2026), built from audited fundamentals. The current price: 2,610 KRW.
What is the quality score of 001420?
Tae Won Mulsan has a Quality Score of 47/100. 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 Tae Won Mulsan (001420)?
Our model-based price target is the fair value of 4,988 KRW (as of Nov 4, 2026) from 1 valuation models. Cautious scenario 3,292 KRW, optimistic scenario 6,235 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Tae Won Mulsan stock forecast for 2026?
Our models put fair value at 4,988 KRW, about +91% upside versus a price of 2,610 KRW (undervalued). Cautious scenario 3,292 KRW, optimistic scenario 6,235 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Tae Won Mulsan (001420)?
Tae Won Mulsan reported trailing-twelve-month revenue of about 17.2B KRW (latest available figure, as of Nov 4, 2026).
Does Tae Won Mulsan pay a dividend?
Tae Won Mulsan currently shows a dividend yield of 7.66% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Tae Won Mulsan (001420) and when is the ex-dividend date?
Tae Won Mulsan pays a dividend of 200.00 KRW per share a year, a dividend yield of 7.7%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 1996. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Tae Won Mulsan (001420)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tae Won Mulsan it is 4,988 KRW per share (as of Nov 4, 2026), against a price of 2,610 KRW. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Tae Won Mulsan stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 001420 trades below its calculated fair value: price 2,610 KRW, fair value 4,988 KRW, a gap of about +91% (undervalued). 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 001420?
No. The price is what the market pays today (2,610 KRW); the fair value is what the company's own numbers justify (4,988 KRW). For Tae Won Mulsan the two are 2,378 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Tae Won Mulsan worth?
The market values Tae Won Mulsan at about 19.1B KRW (market capitalisation, as of Nov 4, 2026). Per share that is 2,610 KRW; our models calculate a fair value of 4,988 KRW per share.
What do the bullish and bearish scenarios say about 001420?
Our models span a range for Tae Won Mulsan: cautious scenario 3,292 KRW, base 4,988 KRW, optimistic 6,235 KRW per share (as of Nov 4, 2026, price 2,610 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Tae Won Mulsan (001420)?
Balance-sheet figures for Tae Won Mulsan (as of Nov 4, 2026): return on equity −7.2%, debt of 0.01 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 001420 from its 52-week high?
Tae Won Mulsan trades at 2,610 KRW, about 28% below its 52-week high of 3,610 KRW and 30% above the low of 2,010 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 4,988 KRW is for.
Which stocks are comparable to Tae Won Mulsan?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Tae Won Mulsan stock attractive at the current price?
The data as of Nov 4, 2026: price 2,610 KRW, calculated fair value 4,988 KRW (+91%), Quality Score 47/100, from 1 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 001420 calculated?
We run Tae Won Mulsan through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 4,988 KRW 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. Tae Won Mulsan currently trades 48% below its own fair value, and the market average says nothing about that. 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 Tae Won Mulsan (001420)?
The closing price on Nov 6, 2026 was 2,610 KRW. Our model-based fair value is 4,988 KRW, about +91% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tae Won Mulsan right now?
The large discount to fair value meets weak quality (47/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (3,292 KRW). The market is more pessimistic than our downside scenario. 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 (3,292 KRW to 6,235 KRW) leaves room in how you read the outcome.
Key figures of Tae Won Mulsan
How large is the market capitalisation of Tae Won Mulsan (001420)?
The market capitalisation of Tae Won Mulsan is 19.1B KRW (≈ $14.2M). 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 Tae Won Mulsan (001420)?
The price-to-sales ratio of Tae Won Mulsan is 1.12 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tae Won Mulsan (001420)?
Earnings per share at Tae Won Mulsan are −411.93 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tae Won Mulsan (001420)?
The dividend yield of Tae Won Mulsan is 7.7%. 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 Tae Won Mulsan (001420)?
The net margin of Tae Won Mulsan is −17.4% (last twelve months). 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 Tae Won Mulsan (001420)?
The return on equity (ROE) of Tae Won Mulsan is −7.2% (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 Tae Won Mulsan (001420)?
On an EBIT basis the return on assets of Tae Won Mulsan is −1.8% (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 Tae Won Mulsan (001420)?
The operating margin of Tae Won Mulsan is −3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tae Won Mulsan (001420)?
Revenue at Tae Won Mulsan is growing +33.7% versus a year earlier (3y avg +10.7%). 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 Tae Won Mulsan (001420)?
Earnings per share at Tae Won Mulsan are growing +48.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tae Won Mulsan (001420) generate?
The free cash flow of Tae Won Mulsan is −5.0B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Tae Won Mulsan (001420) carry?
The net debt of Tae Won Mulsan is 21.3M KRW (fiscal year 2023). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 4, 2026