TAEYANG Corporation (053620) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of TAEYANG Corporation stock KRW 7,856, price KRW 6,510, upside +20.7%, quality 63 out of 100. Rating: undervalued. 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
60‑month range 5,528 KRW – 9,461 KRW · fair‑value band 6,606 KRW – 9,512 KRW · the 6,510 KRW price screens below the 7,856 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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TAEYANG Corporation provides portable butane gas cartridges, stoves, and gas filling and aerosol products in South Korea.
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It offers portable fuel products, including portable butane gas, portable lighter gas refills, portable camping gas, portable fuel, sun fuel gas stoves, and mini sun fuel gas cartridges; LPG and pure butane gas under the ALPS name for use in mountain climbing; and lighter gas, lighter oil, and portable gas products.
The company also provides cosmetics, such as hair mousse, hair sprays, skin lotions, shaving foams, deodorants, etc.; medical supplies comprising insecticides and insect repellents; air fresheners and iron glue; and industrial supplies consisting of adhesives, polyurethane, carburetor, printer cleaner, rust, frost removers, etc.
In addition, it offers household items, including zipper bags, vinyl gloves, roll bags, and paper cups. The company was formerly known as Taeyang Industrial Co., Ltd. and changed its name to TAEYANG Corporation in September 2012.
TAEYANG Corporation was founded in 1989 and is headquartered in Seoul, South Korea.
Stock analysis
TAEYANG Corporation (053620) currently trades at 6,510 KRW, while our model-based Fair Value estimate is 7,856 KRW, implying the stock looks roughly 17% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 16,067 KRW per share, and 18 of the 24 models we run sit above the 6,510 KRW price.
Bear case: the Dividend Discount group reads lowest at 2,188 KRW, and 6 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 6,606 KRW (bear) to 9,512 KRW (bull), the price of 6,510 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 63/100 (solid 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.
TAEYANG Corporation reported revenue of 140B KRW in FY2025 versus 150B KRW in FY2021, a compound −1.7%/yr. Reported net income was 11.9B KRW in FY2025, compounding +25.3%/yr from FY2021.
Key figures
Market cap 51.8B KRW (≈ $38.3M) Micro · P/E ratio 3.2 · P/S ratio 0.34 · EPS (TTM) 2,086 KRW · Dividend yield 6.1% · Net margin 11.0% · Return on equity 8.4% · Return on assets (EBIT) 1.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 21%, 053620 screens cheaper than that median.
Fair Value models
Bear6,606 KRWFair Value 7,856 KRWBull9,512 KRW
Price 6,510 KRW · Upside +20.7%
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 (1,446 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
FCF DCF11,221 KRW15,313 KRW22,962 KRW80
Growth DCF11,709 KRW15,689 KRW22,562 KRW79
Owner Earnings10,720 KRW14,612 KRW21,886 KRW76
All 24 models by family
DCF Models
FCF DCF11,221 KRW15,313 KRW22,962 KRW80
Owner Earnings10,720 KRW14,612 KRW21,886 KRW76
5Y Revenue Exit6,446 KRW7,850 KRW9,868 KRW74
5Y EBITDA Exit7,615 KRW9,875 KRW12,871 KRW76
5Y P/E Exit13,166 KRW19,486 KRW27,030 KRW71
10Y Revenue Exit8,151 KRW9,370 KRW10,571 KRW68
10Y EBITDA Exit8,938 KRW10,630 KRW12,344 KRW70
10Y P/E Exit12,327 KRW16,608 KRW20,706 KRW65
Earnings-Based
Graham-Dodd10,124 KRW12,373 KRW13,920 KRW67
EPV2,442 KRW2,687 KRW2,902 KRW74
Dividend Discount
Gordon GGM1,858 KRW2,036 KRW2,308 KRW69
DDM Multi-Stage1,858 KRW2,341 KRW3,023 KRW67
Multiples
P/E Multiple15,632 KRW20,843 KRW26,053 KRW63
P/S Multiple15,867 KRW21,156 KRW26,445 KRW58
P/B Multiple7,392 KRW9,856 KRW12,321 KRW55
EV/EBIT3,247 KRW3,999 KRW4,750 KRW66
EV/EBITDA6,134 KRW7,848 KRW9,561 KRW67
EV/Revenue3,728 KRW4,900 KRW6,073 KRW54
Asset-Based
NCAV (Graham)7,703 KRW11,671 KRW14,588 KRW54
Growth DCF
Growth DCF11,709 KRW15,689 KRW22,562 KRW79
Rev-Margin DCF6,446 KRW8,088 KRW10,217 KRW74
Economic Profit
Residual Income19,657 KRW20,592 KRW22,183 KRW76
ROIC Compounder2,442 KRW2,687 KRW2,902 KRW72
Growth Earnings
Growth-Adj P/E11,247 KRW16,067 KRW20,887 KRW67
The fair value above starts from this blend and is adjusted for a cyclical peak 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.8%
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.
−7.0%
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.
−0.2%
Start year 2020 (pandemic). Over 10 years: −0.4% a year
Revenue growth 14 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.
−1.3%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+19.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.0%
Dividend (yield on the price)6.1%
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.11.1% vs −0.8%, picking up
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.7% → 2%
2025 sits 62% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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.Specialty Chemicals · 728 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+20.7% · Top 25%
Profitability
Return on equity (12 months)8.4% · Above median
Return on assets5.3% · Above median
Net margin (12 months)11.0% · Top 25%
Operating margin (12 months)8.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)28.9% · Top 25%
Dividend yield (12 months)6.1% · Top 25%
Valuation Multiplesvs Specialty Chemicals 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). "TAEYANG Corporation Fair Value". https://www.fairvalue-calculator.com/stock/053620
Frequently asked questions
Is TAEYANG Corporation (053620) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 7,856 KRW versus a price of 6,510 KRW, about +21% upside (undervalued).
What is the fair value of 053620?
Our model-based fair value for TAEYANG Corporation is 7,856 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 6,510 KRW.
What is the quality score of 053620?
TAEYANG Corporation has a Quality Score of 63/100. 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 TAEYANG Corporation (053620)?
Our model-based price target is the fair value of 7,856 KRW (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 6,606 KRW, optimistic scenario 9,512 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the TAEYANG Corporation stock forecast for 2026?
Our models put fair value at 7,856 KRW, about +21% upside versus a price of 6,510 KRW (undervalued). Cautious scenario 6,606 KRW, optimistic scenario 9,512 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of TAEYANG Corporation (053620)?
TAEYANG Corporation reported trailing-twelve-month revenue of about 151B KRW (latest available figure, as of Nov 9, 2026).
Does TAEYANG Corporation pay a dividend?
TAEYANG Corporation currently shows a dividend yield of 6.14% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of TAEYANG Corporation (053620) and when is the ex-dividend date?
TAEYANG Corporation pays a dividend of 400.00 KRW per share a year, a dividend yield of 6.1%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2016. The payout ratio is 19.2% of earnings. Free cash flow covers the dividend 2.60 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 TAEYANG Corporation (053620)?
For today's price to be fair in a discounted-cash-flow model, TAEYANG Corporation would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.2 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 053620 use?
Our models discount TAEYANG Corporation at 8.9 %: a base by market capitalisation (nano), damped by beta 0.35, 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 TAEYANG Corporation that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has TAEYANG Corporation (053620) delivered so far?
Over the past 5 years revenue at TAEYANG Corporation grew -0.2 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 TAEYANG Corporation (053620) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into TAEYANG Corporation (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TAEYANG Corporation (053620)?
The free-cash-flow yield on the price is 15.95 %: that much free cash flow TAEYANG Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TAEYANG Corporation (053620)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TAEYANG Corporation it is 7,856 KRW per share (as of Nov 9, 2026), against a price of 6,510 KRW. 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 TAEYANG Corporation stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 053620 trades below its calculated fair value: price 6,510 KRW, fair value 7,856 KRW, a gap of about +21% (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 053620?
No. The price is what the market pays today (6,510 KRW); the fair value is what the company's own numbers justify (7,856 KRW). For TAEYANG Corporation the two are 1,346 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is TAEYANG Corporation worth?
The market values TAEYANG Corporation at about 51.8B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 6,510 KRW; our models calculate a fair value of 7,856 KRW per share.
What do the bullish and bearish scenarios say about 053620?
Our models span a range for TAEYANG Corporation: cautious scenario 6,606 KRW, base 7,856 KRW, optimistic 9,512 KRW per share (as of Nov 9, 2026, price 6,510 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 053620?
TAEYANG Corporation trades at a price-to-earnings ratio of 3.2 (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 7,856 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 9.1. Other multiples: P/B 0.3, P/S 0.3, EV/EBITDA 3.4.
How solid is the balance sheet of TAEYANG Corporation (053620)?
Balance-sheet figures for TAEYANG Corporation (as of Nov 9, 2026): return on equity 8.4%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 053620 from its 52-week high?
TAEYANG Corporation trades at 6,510 KRW, about 11% below its 52-week high of 7,320 KRW and 12% above the low of 5,830 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 7,856 KRW is for.
Which stocks are comparable to TAEYANG Corporation?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 TAEYANG Corporation stock attractive at the current price?
The data as of Nov 9, 2026: price 6,510 KRW, calculated fair value 7,856 KRW (+21%), Quality Score 63/100, 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 053620 calculated?
We run TAEYANG Corporation 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 7,856 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. TAEYANG Corporation currently trades 17% 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 TAEYANG Corporation (053620)?
The closing price on Nov 6, 2026 was 6,510 KRW. Our model-based fair value is 7,856 KRW, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TAEYANG Corporation right now?
Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits below our cautious bear case: the market assumes less than even our pessimistic scenario. The data supports the verdict: every model runs on fully documented inputs.
Key figures of TAEYANG Corporation
How large is the market capitalisation of TAEYANG Corporation (053620)?
The market capitalisation of TAEYANG Corporation is 51.8B KRW (≈ $38.3M). 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 TAEYANG Corporation (053620)?
The price-to-sales ratio of TAEYANG Corporation is 0.34 (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 TAEYANG Corporation (053620)?
Earnings per share at TAEYANG Corporation are 2,086 KRW (price ÷ EPS = P/E 3.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TAEYANG Corporation (053620)?
The dividend yield of TAEYANG Corporation is 6.1% (payout 19.2%). 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 TAEYANG Corporation (053620)?
The net margin of TAEYANG Corporation is 11.0% (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 TAEYANG Corporation (053620)?
The return on equity (ROE) of TAEYANG Corporation is 8.4% (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 TAEYANG Corporation (053620)?
On an EBIT basis the return on assets of TAEYANG Corporation is 1.9% (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 TAEYANG Corporation (053620)?
The operating margin of TAEYANG Corporation is 8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TAEYANG Corporation (053620)?
Revenue at TAEYANG Corporation is growing +28.9% versus a year earlier (3y avg −7.0%). 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 TAEYANG Corporation (053620)?
Earnings per share at TAEYANG Corporation are growing −21.4% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 9, 2026