DASAN Networks Inc (039560) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of DASAN Networks Inc stock KRW 6,315, price KRW 2,105, upside +200.0%, quality 52 out of 100. Rating: strongly undervalued. Calculated from audited financials with 5 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 2,015 KRW – 11,706 KRW · fair‑value band 4,417 KRW – 9,742 KRW · the 2,105 KRW price screens below the 6,315 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.
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DASAN Networks, Inc. provides networking solutions worldwide.
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The company offers networking products, and solutions, such as switches, Wi-Fi routers, and FTTH equipment for internet communication companies; software for network operation management; and automobile electronics products, including switches, Ethernet cameras, AVMs, and Ethernet test equipment.
It also engages in the logistic business. The company was founded in 1993 and is based in Seongnam-si, South Korea.
Stock analysis
DASAN Networks Inc (039560) currently trades at 2,105 KRW, while our model-based Fair Value estimate is 6,315 KRW, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 6,775 KRW per share, and 4 of the 5 models we run sit above the 2,105 KRW price.
Bear case: the DCF Models group reads lowest at 5,381 KRW, and 1 of the 5 models stay below the price. Data coverage for this calculation is low.
Scenario range: 4,417 KRW (bear) to 9,742 KRW (bull), the price of 2,105 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 52/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
DASAN Networks Inc reported revenue of 542B KRW in FY2025 versus 469B KRW in FY2021, a compound +3.7%/yr. Reported net income was −7.2B KRW in FY2025.
Key figures
Market cap 88.7B KRW (≈ $65.6M) Micro · P/S ratio 0.18 · EPS (TTM) −466.77 KRW · Dividend yield 1.0% · Net margin −3.3% · Return on equity −1.6% · Return on assets (EBIT) −4.8% (5-year average) · Operating margin 10.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (low confidence).
What moves the price
The share trades about 63% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at 200%, 039560 screens cheaper than that median.
Fair Value models
Bear4,417 KRWFair Value 6,315 KRWBull9,742 KRW
Price 2,105 KRW · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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.43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+60.5%
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.
+88.6%
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.
+6.0%
Start year 2020 (pandemic). Over 10 years: +11.6% 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.
+6.5%
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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.
0.6% (2019) → −9.0% (2024)
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
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+23.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +20.5% a year for the price.
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.Communication Equipment · 303 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+200.0% · Top 25%
Profitability
Return on assets−1.2% · Below median
Net margin (12 months)−3.3% · Bottom 25%
Operating margin (12 months)10.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)18.5% · Above median
Dividend yield (12 months)1.0% · Below median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/B0.34× · Cheapest 25%
P/S (12 months)0.16× · Cheapest 25%
Price / free cash flow (fiscal year)20.7× · Cheaper than median
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Is DASAN Networks Inc (039560) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 6,315 KRW versus a price of 2,105 KRW, about +200% upside (undervalued).
What is the fair value of 039560?
Our model-based fair value for DASAN Networks Inc is 6,315 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 2,105 KRW.
What is the quality score of 039560?
DASAN Networks Inc has a Quality Score of 52/100. 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 DASAN Networks Inc (039560)?
Our model-based price target is the fair value of 6,315 KRW (as of Nov 9, 2026) from 5 valuation models. Cautious scenario 4,417 KRW, optimistic scenario 9,742 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the DASAN Networks Inc stock forecast for 2026?
Our models put fair value at 6,315 KRW, about +200% upside versus a price of 2,105 KRW (undervalued). Cautious scenario 4,417 KRW, optimistic scenario 9,742 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of DASAN Networks Inc (039560)?
DASAN Networks Inc reported trailing-twelve-month revenue of about 572B KRW (latest available figure, as of Nov 9, 2026).
Does DASAN Networks Inc pay a dividend?
DASAN Networks Inc currently shows a dividend yield of 0.95% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of DASAN Networks Inc (039560) and when is the ex-dividend date?
DASAN Networks Inc pays a dividend of 20.00 KRW per share a year, a dividend yield of 1.0%. The last ex-dividend date was Mar 26, 2026. Free cash flow covers the dividend 5.10 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into DASAN Networks Inc (039560)?
For today's price to be fair in a discounted-cash-flow model, DASAN Networks Inc would have to grow free cash flow by +23.0 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.0 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 039560 use?
Our models discount DASAN Networks Inc at 11.6 %: a base by market capitalisation (micro), damped by beta 0.46, country premium for South Korea. 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 DASAN Networks Inc that is +23.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has DASAN Networks Inc (039560) delivered so far?
Over the past 5 years revenue at DASAN Networks Inc grew +6.0 % a year. The price currently implies free-cash-flow growth of +23.0 % 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 DASAN Networks Inc (039560) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into DASAN Networks Inc (+23.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of DASAN Networks Inc (039560)?
The free-cash-flow yield on the price is 5.25 %: that much free cash flow DASAN Networks Inc produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of DASAN Networks Inc (039560)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DASAN Networks Inc it is 6,315 KRW per share (as of Nov 9, 2026), against a price of 2,105 KRW. It is the blended result of 5 valuation models in 3 families (DCF Models, Asset-Based, Growth DCF).
Is DASAN Networks Inc stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 039560 trades below its calculated fair value: price 2,105 KRW, fair value 6,315 KRW, a gap of about +200% (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 039560?
No. The price is what the market pays today (2,105 KRW); the fair value is what the company's own numbers justify (6,315 KRW). For DASAN Networks Inc the two are 4,210 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is DASAN Networks Inc worth?
The market values DASAN Networks Inc at about 88.7B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 2,105 KRW; our models calculate a fair value of 6,315 KRW per share.
What do the bullish and bearish scenarios say about 039560?
Our models span a range for DASAN Networks Inc: cautious scenario 4,417 KRW, base 6,315 KRW, optimistic 9,742 KRW per share (as of Nov 9, 2026, price 2,105 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of DASAN Networks Inc (039560)?
Balance-sheet figures for DASAN Networks Inc (as of Nov 9, 2026): return on equity −1.6%, debt of 0.02 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 039560 from its 52-week high?
DASAN Networks Inc trades at 2,105 KRW, about 63% below its 52-week high of 5,700 KRW and 4% above the low of 2,015 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 6,315 KRW is for.
Which stocks are comparable to DASAN Networks Inc?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, Inc, 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 DASAN Networks Inc stock attractive at the current price?
The data as of Nov 9, 2026: price 2,105 KRW, calculated fair value 6,315 KRW (+200%), Quality Score 52/100, from 5 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 039560 calculated?
We run DASAN Networks Inc through 5 models from 3 families: DCF Models, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 6,315 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. DASAN Networks Inc currently trades 67% 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 DASAN Networks Inc (039560)?
The closing price on Nov 6, 2026 was 2,105 KRW. Our model-based fair value is 6,315 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DASAN Networks Inc right now?
The price is below even our cautious bear case (4,417 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. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (4,417 KRW to 9,742 KRW) leaves room in how you read the outcome.
Key figures of DASAN Networks Inc
How large is the market capitalisation of DASAN Networks Inc (039560)?
The market capitalisation of DASAN Networks Inc is 88.7B KRW (≈ $65.6M). 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 DASAN Networks Inc (039560)?
The price-to-sales ratio of DASAN Networks Inc is 0.18 (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 DASAN Networks Inc (039560)?
Earnings per share at DASAN Networks Inc are −466.77 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DASAN Networks Inc (039560)?
The dividend yield of DASAN Networks Inc is 1.0%. 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 DASAN Networks Inc (039560)?
The net margin of DASAN Networks Inc is −3.3% (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 DASAN Networks Inc (039560)?
The return on equity (ROE) of DASAN Networks Inc is −1.6% (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 DASAN Networks Inc (039560)?
On an EBIT basis the return on assets of DASAN Networks Inc is −4.8% (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 DASAN Networks Inc (039560)?
The operating margin of DASAN Networks Inc is 10.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DASAN Networks Inc (039560)?
Revenue at DASAN Networks Inc is growing +18.5% versus a year earlier (3y avg +88.6%). 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 DASAN Networks Inc (039560)?
Earnings per share at DASAN Networks Inc are growing −73.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does DASAN Networks Inc (039560) carry?
The net debt of DASAN Networks Inc is 73.7B KRW (fiscal year 2025, ≈ 17.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 9, 2026