Dae Chang (012800) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Dae Chang stock KRW 1,278, price KRW 960, upside +33.1%, quality 46 out of 100. Rating: undervalued. Calculated from audited financials with 13 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
60‑month range 957.00 KRW – 2,581 KRW · fair‑value band 473.01 KRW – 2,847 KRW · the 960.00 KRW price screens below the 1,278 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Daechang Co., Ltd., together with its subsidiaries, produces and sells brass-related products in Korea. The company offers its products under the BRASSONE brand. Its products are used as materials for parts of semiconductor, electrics and electronics, car, vessel, machine, etc.
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The company was formerly known as Daechang Industrial Co., Ltd. and changed its name to Daechang Co., Ltd. in 2010. Daechang Co., Ltd. was founded in 1974 and is headquartered in Siheung-si, South Korea.
Stock analysis
Dae Chang (012800) currently trades at 960.00 KRW, while our model-based Fair Value estimate is 1,278 KRW, implying the stock looks roughly 25% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 1,871 KRW per share, and 6 of the 13 models we run sit above the 960.00 KRW price.
Bear case: the Growth Earnings group reads lowest at 350.90 KRW, and 7 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 473.01 KRW (bear) to 2,847 KRW (bull), the price of 960.00 KRW 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 46/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Dae Chang reported revenue of 1.5T KRW in FY2025 versus 1.3T KRW in FY2021, a compound +3.6%/yr. Reported net income was 2.1B KRW in FY2025, compounding −46.5%/yr from FY2021.
Key figures
Market cap 82.0B KRW (≈ $60.7M) Micro · P/E ratio 3.6 · P/S ratio 0.04 · EPS (TTM) 264.30 KRW · Net margin 1.3% · Return on equity 7.6% · Return on assets (EBIT) 3.2% (5-year average) · Operating margin 4.5%.
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 48% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −39% fair-value upside, at 33%, 012800 screens cheaper than that median.
Fair Value models
Bear473.01 KRWFair Value 1,278 KRWBull2,847 KRW
Price 960.00 KRW · Upside +33.1%
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 2025 figures (about 10 months old). Earnings retained since then (226.64 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.
Best data coverage
EPV1,683 KRW1,952 KRW2,170 KRW73
Residual Income1,643 KRW1,790 KRW2,019 KRW71
ROIC Compounder1,683 KRW1,952 KRW2,170 KRW71
All 13 models by family
Earnings-Based
Graham-Dodd169.29 KRW405.54 KRW523.27 KRW65
PEG = 1.071.10 KRW101.57 KRW132.04 KRW57
EPV1,683 KRW1,952 KRW2,170 KRW73
Multiples
P/E Multiple317.42 KRW423.22 KRW529.03 KRW63
P/S Multiple317.42 KRW423.22 KRW529.03 KRW57
P/B Multiple1,175 KRW1,567 KRW1,959 KRW55
EV/EBIT406.24 KRW1,660 KRW2,913 KRW58
EV/EBITDAn/a857.64 KRW1,910 KRW62
EV/Revenuen/a1,301 KRW2,698 KRW49
Asset-Based
NCAV (Graham)249.53 KRW378.08 KRW472.60 KRW54
Economic Profit
Residual Income1,643 KRW1,790 KRW2,019 KRW71
ROIC Compounder1,683 KRW1,952 KRW2,170 KRW71
Growth Earnings
Growth-Adj P/E245.63 KRW350.90 KRW456.17 KRW67
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.0%
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.
+0.7%
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.
+9.5%
Start year 2020 (pandemic). Over 10 years: +3.8% a year
Revenue growth 15 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.
+4.1%
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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.
−20.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.0%
Dividend (yield on the price)0.0%
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.−20.0% vs −13.6%, slowing
Profit margin 2019 to 2024 ⓘ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% → 2%
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.Metal Fabrication · 260 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+33.1% · Top 25%
Profitability
Return on equity (12 months)7.6% · Above median
Return on assets0.4% · Bottom 25%
Net margin (12 months)2.1% · Below median
Operating margin (12 months)4.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)47.0% · Top 25%
Balance sheet
Debt / equity0.36× · Highest 25%
Valuation Multiplesvs Metal Fabrication 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). "Dae Chang Fair Value". https://www.fairvalue-calculator.com/stock/012800
Frequently asked questions
Is Dae Chang (012800) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 1,278 KRW versus a price of 960.00 KRW, about +33% upside (undervalued).
What is the fair value of 012800?
Our model-based fair value for Dae Chang is 1,278 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 960.00 KRW.
What is the quality score of 012800?
Dae Chang has a Quality Score of 46/100. 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 Dae Chang (012800)?
Our model-based price target is the fair value of 1,278 KRW (as of Nov 9, 2026) from 13 valuation models. Cautious scenario 473.01 KRW, optimistic scenario 2,847 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Dae Chang stock forecast for 2026?
Our models put fair value at 1,278 KRW, about +33% upside versus a price of 960.00 KRW (undervalued). Cautious scenario 473.01 KRW, optimistic scenario 2,847 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Dae Chang (012800)?
Dae Chang reported trailing-twelve-month revenue of about 1.7T KRW (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of Dae Chang (012800)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dae Chang it is 1,278 KRW per share (as of Nov 9, 2026), against a price of 960.00 KRW. It is the blended result of 13 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Dae Chang stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 012800 trades below its calculated fair value: price 960.00 KRW, fair value 1,278 KRW, a gap of about +33% (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 012800?
No. The price is what the market pays today (960.00 KRW); the fair value is what the company's own numbers justify (1,278 KRW). For Dae Chang the two are 318.03 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Dae Chang worth?
The market values Dae Chang at about 82.0B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 960.00 KRW; our models calculate a fair value of 1,278 KRW per share.
What do the bullish and bearish scenarios say about 012800?
Our models span a range for Dae Chang: cautious scenario 473.01 KRW, base 1,278 KRW, optimistic 2,847 KRW per share (as of Nov 9, 2026, price 960.00 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 012800?
Dae Chang trades at a price-to-earnings ratio of 3.6 (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 1,278 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 18.1. Other multiples: P/B 0.3, P/S 0.1, EV/EBITDA 2.7.
How solid is the balance sheet of Dae Chang (012800)?
Balance-sheet figures for Dae Chang (as of Nov 9, 2026): return on equity 7.6%, debt of 0.36 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 012800 from its 52-week high?
Dae Chang trades at 960.00 KRW, about 48% below its 52-week high of 1,840 KRW and at the low of 957.00 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 1,278 KRW is for.
Which stocks are comparable to Dae Chang?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge 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 Dae Chang stock attractive at the current price?
The data as of Nov 9, 2026: price 960.00 KRW, calculated fair value 1,278 KRW (+33%), Quality Score 46/100, from 13 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 012800 calculated?
We run Dae Chang through 13 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,278 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. Dae Chang currently trades 25% 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 Dae Chang (012800)?
The closing price on Nov 9, 2026 was 960.00 KRW. Our model-based fair value is 1,278 KRW, about +33% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dae Chang right now?
The large discount to fair value meets weak quality (46/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (473.01 KRW to 2,847 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Dae Chang
How large is the market capitalisation of Dae Chang (012800)?
The market capitalisation of Dae Chang is 82.0B KRW (≈ $60.7M). 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 Dae Chang (012800)?
The price-to-sales ratio of Dae Chang is 0.04 (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 Dae Chang (012800)?
Earnings per share at Dae Chang are 264.30 KRW (price ÷ EPS = P/E 3.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Dae Chang (012800)?
The net margin of Dae Chang is 1.3% (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 Dae Chang (012800)?
The return on equity (ROE) of Dae Chang 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 Dae Chang (012800)?
On an EBIT basis the return on assets of Dae Chang is 3.2% (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 Dae Chang (012800)?
The operating margin of Dae Chang is 4.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dae Chang (012800)?
Revenue at Dae Chang is growing +47.0% versus a year earlier (3y avg +0.7%). 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 Dae Chang (012800)?
Earnings per share at Dae Chang are growing +267% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dae Chang (012800) generate?
The free cash flow of Dae Chang is −24.1B 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 Dae Chang (012800) carry?
The net debt of Dae Chang is 443B 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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Thin data
Nov 9, 2026