Moonbae Steel (008420) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Moonbae Steel stock KRW 2,377, price KRW 1,896, upside +25.4%, quality 48 out of 100. Rating: undervalued. Calculated from audited financials with 10 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 3, 2026.
How to read this chart
60‑month range 1,896 KRW – 5,283 KRW · fair‑value band 1,945 KRW – 3,106 KRW · the 1,896 KRW price screens below the 2,377 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Moonbaesteel Co.,Ltd manufactures and sells steel products in Korea. The company offers flat, section, and scalp steel products, as well as hot rolled thick and thin plates, patterned steel plates, hot rolled coils, mini mills, thick and thin plates, patterns, and section steel products.
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Moonbaesteel Co.,Ltd was founded in 1973 and is headquartered in Seoul, South Korea.
Stock analysis
Moonbae Steel (008420) currently trades at 1,896 KRW, while our model-based Fair Value estimate is 2,377 KRW, implying the stock looks roughly 20% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 6,948 KRW per share, and 6 of the 10 models we run sit above the 1,896 KRW price.
Bear case: the Dividend Discount group reads lowest at 495.84 KRW, and 4 of the 10 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,945 KRW (bear) to 3,106 KRW (bull), the price of 1,896 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 48/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Moonbae Steel reported revenue of 138B KRW in FY2025 versus 205B KRW in FY2021, a compound −9.4%/yr. Reported net income was 5.9B KRW in FY2025, compounding −30.7%/yr from FY2021.
Key figures
Market cap 38.8B KRW (≈ $28.7M) Micro · P/E ratio 6.3 · P/S ratio 0.25 · EPS (TTM) 307.11 KRW · Dividend yield 5.3% · Net margin 4.0% · Return on equity 6.0% · Return on assets (EBIT) 1.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (medium confidence).
What moves the price
The share trades about 39% below its 52-week high and at 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 25%, 008420 screens cheaper than that median.
Fair Value models
Bear1,945 KRWFair Value 2,377 KRWBull3,106 KRW
Price 1,896 KRW · Upside +25.4%
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 2025 figures (about 10 months old). Earnings retained since then (177.60 KRW 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.6/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−1.7%
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.
−10.5%
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.
−2.0%
Start year 2020 (pandemic). Over 10 years: +1.8% a year
Revenue growth 24 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.
+0.7%
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What shareholders gained per year (last 5 years), in KRW ⓘ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 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.
−1.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.4%
Dividend (yield on the price)5.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−6.4% vs −2.5%, slowing
Profit margin 2020 to 2025 ⓘ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.2% → −1%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 1.1%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Steel · 410 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+25.4% · Above median
Profitability
Return on equity (12 months)6.0% · Above median
Return on assets2.5% · Above median
Net margin (12 months)4.0% · Above median
Operating margin (12 months)1.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)−7.2% · Bottom 25%
Dividend yield (12 months)5.3% · Top 25%
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Steel 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). "Moonbae Steel Fair Value". https://www.fairvalue-calculator.com/stock/008420
Frequently asked questions
Is Moonbae Steel (008420) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 2,377 KRW versus a price of 1,896 KRW, about +25% upside (undervalued).
What is the fair value of 008420?
Our model-based fair value for Moonbae Steel is 2,377 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 1,896 KRW.
What is the quality score of 008420?
Moonbae Steel has a Quality Score of 48/100. 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 Moonbae Steel (008420)?
Our model-based price target is the fair value of 2,377 KRW (as of Nov 3, 2026) from 10 valuation models. Cautious scenario 1,945 KRW, optimistic scenario 3,106 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Moonbae Steel stock forecast for 2026?
Our models put fair value at 2,377 KRW, about +25% upside versus a price of 1,896 KRW (undervalued). Cautious scenario 1,945 KRW, optimistic scenario 3,106 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Moonbae Steel (008420)?
Moonbae Steel reported trailing-twelve-month revenue of about 158B KRW (latest available figure, as of Nov 3, 2026).
Does Moonbae Steel pay a dividend?
Moonbae Steel currently shows a dividend yield of 5.27% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Moonbae Steel (008420) and when is the ex-dividend date?
Moonbae Steel pays a dividend of 100.00 KRW per share a year, a dividend yield of 5.3%. The last ex-dividend date was Jun 29, 2026. A dividend has been paid every year since 2000. The payout ratio is 32.6% of earnings. 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 Moonbae Steel (008420)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Moonbae Steel it is 2,377 KRW per share (as of Nov 3, 2026), against a price of 1,896 KRW. It is the blended result of 10 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Moonbae Steel stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 008420 trades below its calculated fair value: price 1,896 KRW, fair value 2,377 KRW, a gap of about +25% (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 008420?
No. The price is what the market pays today (1,896 KRW); the fair value is what the company's own numbers justify (2,377 KRW). For Moonbae Steel the two are 481.20 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Moonbae Steel worth?
The market values Moonbae Steel at about 38.8B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 1,896 KRW; our models calculate a fair value of 2,377 KRW per share.
What do the bullish and bearish scenarios say about 008420?
Our models span a range for Moonbae Steel: cautious scenario 1,945 KRW, base 2,377 KRW, optimistic 3,106 KRW per share (as of Nov 3, 2026, price 1,896 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 008420?
Moonbae Steel trades at a price-to-earnings ratio of 6.3 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2,377 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 6.6. Other multiples: P/B 0.2, P/S 0.2, EV/EBITDA 15.6.
How solid is the balance sheet of Moonbae Steel (008420)?
Balance-sheet figures for Moonbae Steel (as of Nov 3, 2026): return on equity 6.0%, debt of 0.11 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 008420 from its 52-week high?
Moonbae Steel trades at 1,896 KRW, about 39% below its 52-week high of 3,111 KRW and at the low of 1,896 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2,377 KRW is for.
Which stocks are comparable to Moonbae Steel?
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 Moonbae Steel stock attractive at the current price?
The data as of Nov 3, 2026: price 1,896 KRW, calculated fair value 2,377 KRW (+25%), Quality Score 48/100, from 10 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 008420 calculated?
We run Moonbae Steel through 10 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2,377 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. Moonbae Steel currently trades 20% 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 Moonbae Steel (008420)?
The closing price on Nov 6, 2026 was 1,896 KRW. Our model-based fair value is 2,377 KRW, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Moonbae Steel right now?
The price is below even our cautious bear case (1,945 KRW). The market is more pessimistic than our downside scenario. The price sits below our cautious bear case: the market assumes less than even our pessimistic scenario. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Moonbae Steel
How large is the market capitalisation of Moonbae Steel (008420)?
The market capitalisation of Moonbae Steel is 38.8B KRW (≈ $28.7M). 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 Moonbae Steel (008420)?
The price-to-sales ratio of Moonbae Steel is 0.25 (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 Moonbae Steel (008420)?
Earnings per share at Moonbae Steel are 307.11 KRW (price ÷ EPS = P/E 6.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Moonbae Steel (008420)?
The dividend yield of Moonbae Steel is 5.3% (payout 32.6%). 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 Moonbae Steel (008420)?
The net margin of Moonbae Steel is 4.0% (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 Moonbae Steel (008420)?
The return on equity (ROE) of Moonbae Steel is 6.0% (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 Moonbae Steel (008420)?
On an EBIT basis the return on assets of Moonbae Steel is 1.7% (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 Moonbae Steel (008420)?
The operating margin of Moonbae Steel is 1.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Moonbae Steel (008420)?
Revenue at Moonbae Steel is growing −7.2% versus a year earlier (3y avg −10.5%). 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 Moonbae Steel (008420)?
Earnings per share at Moonbae Steel are growing −33.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Moonbae Steel (008420) generate?
The free cash flow of Moonbae Steel is −12.1B 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 Moonbae Steel (008420) carry?
The net debt of Moonbae Steel is 23.4B KRW (fiscal year 2025). 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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Nov 3, 2026