Dongsung Corporation (102260) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Dongsung Corporation stock KRW 7,079, price KRW 3,330, upside +112.6%, quality 59 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 8, 2026.
How to read this chart
60‑month range 3,229 KRW – 5,137 KRW · fair‑value band 4,818 KRW – 9,227 KRW · the 3,330 KRW price screens below the 7,079 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Dongsung Chemical Co., Ltd. manufactures and sells chemical products in South Korea and internationally.
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The company offers molding, adhesive, and automobile TPU products for automobile, footwear, construction, and leisure industries; polyurethane resin, a shoe material; polyurethane resin for processing is highly elastic and forms; melamine foams; industrial and functional polyurethane resins; paint; bioplastics; organic peroxides; and functional solvents.
It also trades in isoparaffine, solvent and monomer, urethane raw material, and synthetic resin.
In addition, the company offers passenger car/commercial vehicle parts; heavy machinery parts; shipbuilding and marine materials, such as ultra-low temperature cold insulators, tank and pipe insulation products, and LNG fuel tanks; and building materials.
Further, it provides bio wound care, bio surgery, and bio cosmetic products. The company serves automotive, chemical, consumer, energy, building and construction, and healthcare products.
The company was formerly known as DongSung Corporation and changed its name to Dongsung Chemical Co., Ltd. in April 2021. Dongsung Chemical Co., Ltd. was founded in 1959 and is based in Seoul, South Korea.
Stock analysis
Dongsung Corporation (102260) currently trades at 3,330 KRW, while our model-based Fair Value estimate is 7,079 KRW, implying the stock looks roughly 53% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 12,939 KRW per share, and 24 of the 26 models we run sit above the 3,330 KRW price.
Bear case: the Dividend Discount group reads lowest at 2,445 KRW, and 2 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 4,818 KRW (bear) to 9,227 KRW (bull), the price of 3,330 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 59/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Dongsung Corporation reported revenue of 1.2T KRW in FY2025 versus 926B KRW in FY2021, a compound +7.0%/yr. Reported net income was 33.3B KRW in FY2025, compounding +16.7%/yr from FY2021.
Key figures
Market cap 165B KRW (≈ $122M) Micro · P/E ratio 3.9 · P/S ratio 0.13 · EPS (TTM) 847.72 KRW · Dividend yield 4.5% · Net margin 3.4% · Return on equity 15.1% · Return on assets (EBIT) 7.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (medium confidence).
What moves the price
The share trades about 26% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −24% fair-value upside, at 113%, 102260 screens cheaper than that median.
Fair Value models
Bear4,818 KRWFair Value 7,079 KRWBull9,227 KRW
Price 3,330 KRW · Upside +112.6%
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 (598.31 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 DCF5,465 KRW7,192 KRW9,354 KRW81
Growth DCF5,504 KRW7,027 KRW8,830 KRW79
Owner Earnings4,009 KRW5,186 KRW6,659 KRW77
All 26 models by family
DCF Models
FCF DCF5,465 KRW7,192 KRW9,354 KRW81
Owner Earnings4,009 KRW5,186 KRW6,659 KRW77
5Y Revenue Exit7,723 KRW11,973 KRW17,344 KRW71
5Y EBITDA Exit7,790 KRW12,095 KRW17,025 KRW74
5Y P/E Exit7,143 KRW10,913 KRW14,774 KRW70
10Y Revenue Exit6,469 KRW9,798 KRW14,148 KRW65
10Y EBITDA Exit6,719 KRW9,873 KRW13,936 KRW68
10Y P/E Exit6,355 KRW9,153 KRW12,444 KRW63
Earnings-Based
Graham-Dodd4,543 KRW12,633 KRW16,603 KRW65
Lynch FV2,535 KRW3,621 KRW4,707 KRW61
PEG = 1.02,535 KRW3,621 KRW4,707 KRW57
EPV7,683 KRW8,557 KRW9,278 KRW73
Dividend Discount
Gordon GGM1,526 KRW2,658 KRW3,558 KRW68
DDM Multi-Stage1,526 KRW2,232 KRW2,850 KRW67
Multiples
P/E Multiple8,518 KRW11,357 KRW14,197 KRW63
P/S Multiple8,518 KRW11,357 KRW14,197 KRW57
P/B Multiple18,925 KRW25,234 KRW31,542 KRW55
EV/EBIT10,373 KRW13,841 KRW17,310 KRW65
EV/EBITDA9,762 KRW13,027 KRW16,292 KRW67
EV/Revenue8,985 KRW12,850 KRW16,715 KRW53
Asset-Based
NCAV (Graham)2,798 KRW4,239 KRW5,299 KRW54
Growth DCF
Growth DCF5,504 KRW7,027 KRW8,830 KRW79
Rev-Margin DCF7,723 KRW11,961 KRW16,664 KRW71
Economic Profit
Residual Income6,967 KRW7,112 KRW7,653 KRW76
ROIC Compounder7,683 KRW8,557 KRW9,353 KRW71
Growth Earnings
Growth-Adj P/E6,929 KRW9,898 KRW12,868 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.73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.6%
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.
+2.0%
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.
+6.6%
Start year 2020 (pandemic). Over 10 years: +3.4% a year
Revenue growth 17 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.
+8.8%
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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.
+39.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+34.6%
Dividend (yield on the price)4.5%
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.34.6% vs −2.0%, 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% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−22.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −23.9% 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.Chemicals · 337 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+112.6% · Top 25%
Profitability
Return on equity (12 months)15.1% · Top 25%
Return on assets6.6% · Top 25%
Net margin (12 months)7.7% · Above median
Operating margin (12 months)13.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)12.6% · Below median
Dividend yield (12 months)4.5% · Top 25%
Balance sheet
Debt / equity0.16× · Above median
Valuation Multiplesvs 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). "Dongsung Corporation Fair Value". https://www.fairvalue-calculator.com/stock/102260
Frequently asked questions
Is Dongsung Corporation (102260) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 7,079 KRW versus a price of 3,330 KRW, about +113% upside (undervalued).
What is the fair value of 102260?
Our model-based fair value for Dongsung Corporation is 7,079 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 3,330 KRW.
What is the quality score of 102260?
Dongsung Corporation has a Quality Score of 59/100. 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 Dongsung Corporation (102260)?
Our model-based price target is the fair value of 7,079 KRW (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 4,818 KRW, optimistic scenario 9,227 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Dongsung Corporation stock forecast for 2026?
Our models put fair value at 7,079 KRW, about +113% upside versus a price of 3,330 KRW (undervalued). Cautious scenario 4,818 KRW, optimistic scenario 9,227 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Dongsung Corporation (102260)?
Dongsung Corporation reported trailing-twelve-month revenue of about 1.3T KRW (latest available figure, as of Nov 8, 2026).
Does Dongsung Corporation pay a dividend?
Dongsung Corporation currently shows a dividend yield of 4.50% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Dongsung Corporation (102260) and when is the ex-dividend date?
Dongsung Corporation pays a dividend of 150.00 KRW per share a year, a dividend yield of 4.5%. The last ex-dividend date was Jun 29, 2026. A dividend has been paid every year since at least 2012. The payout ratio is 17.7% of earnings. Free cash flow covers the dividend 7.33 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 Dongsung Corporation (102260)?
For today's price to be fair in a discounted-cash-flow model, Dongsung Corporation would have to grow free cash flow by -22.3 % 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 +6.6 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 102260 use?
Our models discount Dongsung Corporation at 11.6 %: a base by market capitalisation (micro), damped by beta 0.33, 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 Dongsung Corporation that is -22.3 % 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 Dongsung Corporation (102260) delivered so far?
Over the past 5 years revenue at Dongsung Corporation grew +6.6 % a year. The price currently implies free-cash-flow growth of -22.3 % 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 Dongsung Corporation (102260) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Dongsung Corporation (-22.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Dongsung Corporation (102260)?
The free-cash-flow yield on the price is 33.08 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Dongsung Corporation 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 Dongsung Corporation (102260)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dongsung Corporation it is 7,079 KRW per share (as of Nov 8, 2026), against a price of 3,330 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Dongsung Corporation stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 102260 trades below its calculated fair value: price 3,330 KRW, fair value 7,079 KRW, a gap of about +113% (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 102260?
No. The price is what the market pays today (3,330 KRW); the fair value is what the company's own numbers justify (7,079 KRW). For Dongsung Corporation the two are 3,749 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Dongsung Corporation worth?
The market values Dongsung Corporation at about 165B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 3,330 KRW; our models calculate a fair value of 7,079 KRW per share.
What do the bullish and bearish scenarios say about 102260?
Our models span a range for Dongsung Corporation: cautious scenario 4,818 KRW, base 7,079 KRW, optimistic 9,227 KRW per share (as of Nov 8, 2026, price 3,330 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 102260?
Dongsung Corporation trades at a price-to-earnings ratio of 3.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 7,079 KRW is built from several models across several years. Other multiples: P/B 0.4, P/S 0.3.
How solid is the balance sheet of Dongsung Corporation (102260)?
Balance-sheet figures for Dongsung Corporation (as of Nov 8, 2026): return on equity 15.1%, debt of 0.16 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 102260 from its 52-week high?
Dongsung Corporation trades at 3,330 KRW, about 26% below its 52-week high of 4,498 KRW and 1% above the low of 3,295 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 7,079 KRW is for.
Which stocks are comparable to Dongsung Corporation?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Dow Inc, Ningxia Baofeng Energy 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 Dongsung Corporation stock attractive at the current price?
The data as of Nov 8, 2026: price 3,330 KRW, calculated fair value 7,079 KRW (+113%), Quality Score 59/100, from 26 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 102260 calculated?
We run Dongsung Corporation through 26 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 7,079 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. Dongsung Corporation currently trades 53% 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 Dongsung Corporation (102260)?
The closing price on Nov 6, 2026 was 3,330 KRW. Our model-based fair value is 7,079 KRW, about +113% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dongsung Corporation right now?
The price is below even our cautious bear case (4,818 KRW). The market is more pessimistic than our downside scenario. Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (4,818 KRW to 9,227 KRW) leaves room in how you read the outcome.
Key figures of Dongsung Corporation
How large is the market capitalisation of Dongsung Corporation (102260)?
The market capitalisation of Dongsung Corporation is 165B KRW (≈ $122M). 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 Dongsung Corporation (102260)?
The price-to-sales ratio of Dongsung Corporation is 0.13 (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 Dongsung Corporation (102260)?
Earnings per share at Dongsung Corporation are 847.72 KRW (price ÷ EPS = P/E 3.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dongsung Corporation (102260)?
The dividend yield of Dongsung Corporation is 4.5% (payout 17.7%). 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 Dongsung Corporation (102260)?
The net margin of Dongsung Corporation is 3.4% (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 Dongsung Corporation (102260)?
The return on equity (ROE) of Dongsung Corporation is 15.1% (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 Dongsung Corporation (102260)?
On an EBIT basis the return on assets of Dongsung Corporation is 7.6% (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 Dongsung Corporation (102260)?
The operating margin of Dongsung Corporation is 13.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dongsung Corporation (102260)?
Revenue at Dongsung Corporation is growing +12.6% versus a year earlier (3y avg +2.0%). 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 Dongsung Corporation (102260)?
Earnings per share at Dongsung Corporation are growing +92.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Dongsung Corporation (102260) carry?
The net debt of Dongsung Corporation is 3.7B KRW (fiscal year 2024, ≈ 0.1 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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Some data
Nov 8, 2026