Chosun Welding (120030) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Chosun Welding stock KRW 184,625, price KRW 72,000, upside +156.4%, quality 68 out of 100. Rating: strongly 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 72,000 KRW – 163,504 KRW · fair‑value band 147,235 KRW – 229,893 KRW · the 72,000 KRW price screens below the 184,625 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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CHOSUN WELDING POHANG Co., Ltd produces and sells welding materials in Korea. It provides stick and oxyacetylene electrodes, submerged arc materials, flux cored, mag, and mig wires, as well as tig cut lengths products.
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The company offers its products to shipbuilding, offshore, construction, oil and gas, nuclear energy, fabrication, and automobile industries. The company was founded in 1949 and is headquartered in Pohang, South Korea. CHOSUN WELDING POHANG Co., Ltd is a subsidiary of CS Holdings Co., Ltd.
Stock analysis
Chosun Welding (120030) currently trades at 72,000 KRW, while our model-based Fair Value estimate is 184,625 KRW, implying the stock looks roughly 61% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 187,031 KRW per share, and 22 of the 24 models we run sit above the 72,000 KRW price.
Bear case: the Earnings-Based group reads lowest at 96,631 KRW, and 2 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 147,235 KRW (bear) to 229,893 KRW (bull), the price of 72,000 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 68/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Chosun Welding reported revenue of 51.8B KRW in FY2025 versus 68.2B KRW in FY2021, a compound −6.6%/yr. Reported net income was 9.4B KRW in FY2025, compounding −10.4%/yr from FY2021.
Key figures
Market cap 67.5B KRW (≈ $49.9M) Micro · P/E ratio 4.9 · P/S ratio 1.25 · EPS (TTM) 14,630 KRW · Dividend yield 0.7% · Net margin 25.0% · Return on equity 8.3% · Return on assets (EBIT) 7.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (low confidence).
What moves the price
The share trades about 36% 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 −20% fair-value upside, at 156%, 120030 screens cheaper than that median.
Fair Value models
Bear147,235 KRWFair Value 184,625 KRWBull229,893 KRW
Price 72,000 KRW · Upside +156.4%
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 (12,117 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.40/100
Revenue growth is weak: less than 2 % a year.
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.
−8.2%
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.
−2.8%
Start year 2020 (pandemic). Over 10 years: −2.5% a year
Revenue growth 12 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.
−2.7%
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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.
−3.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.7%
Dividend (yield on the price)0.7%
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.−3.7% vs −1.7%, steady
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.21% → 15%
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).
−38.5%
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.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −39.8% 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.Tools & Accessories · 128 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+156.4% · Top 25%
Profitability
Return on equity (12 months)8.3% · Above median
Return on assets5.4% · Above median
Net margin (12 months)25.0% · Top 25%
Operating margin (12 months)24.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)13.0% · Above median
Dividend yield (12 months)0.7% · Bottom 25%
Valuation Multiplesvs Tools & Accessories 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). "Chosun Welding Fair Value". https://www.fairvalue-calculator.com/stock/120030
Frequently asked questions
Is Chosun Welding (120030) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 184,625 KRW versus a price of 72,000 KRW, about +156% upside (undervalued).
What is the fair value of 120030?
Our model-based fair value for Chosun Welding is 184,625 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 72,000 KRW.
What is the quality score of 120030?
Chosun Welding has a Quality Score of 68/100. 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 Chosun Welding (120030)?
Our model-based price target is the fair value of 184,625 KRW (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 147,235 KRW, optimistic scenario 229,893 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Chosun Welding stock forecast for 2026?
Our models put fair value at 184,625 KRW, about +156% upside versus a price of 72,000 KRW (undervalued). Cautious scenario 147,235 KRW, optimistic scenario 229,893 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Chosun Welding (120030)?
Chosun Welding reported trailing-twelve-month revenue of about 54.2B KRW (latest available figure, as of Nov 9, 2026).
Does Chosun Welding pay a dividend?
Chosun Welding currently shows a dividend yield of 0.69% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Chosun Welding (120030) and when is the ex-dividend date?
Chosun Welding pays a dividend of 500.00 KRW per share a year, a dividend yield of 0.7%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2016. The payout ratio is 3.4% of earnings. Free cash flow covers the dividend 18.27 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 Chosun Welding (120030)?
For today's price to be fair in a discounted-cash-flow model, Chosun Welding would have to grow free cash flow by -38.5 % 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 -2.8 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 120030 use?
Our models discount Chosun Welding at 8.9 %: a base by market capitalisation (nano), damped by beta 0.38, 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 Chosun Welding that is -38.5 % 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 Chosun Welding (120030) delivered so far?
Over the past 5 years revenue at Chosun Welding grew -2.8 % a year. The price currently implies free-cash-flow growth of -38.5 % 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 Chosun Welding (120030) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Chosun Welding (-38.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Chosun Welding (120030)?
The free-cash-flow yield on the price is 12.53 %: that much free cash flow Chosun Welding 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 Chosun Welding (120030)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chosun Welding it is 184,625 KRW per share (as of Nov 9, 2026), against a price of 72,000 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 Chosun Welding stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 120030 trades below its calculated fair value: price 72,000 KRW, fair value 184,625 KRW, a gap of about +156% (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 120030?
No. The price is what the market pays today (72,000 KRW); the fair value is what the company's own numbers justify (184,625 KRW). For Chosun Welding the two are 112,625 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Chosun Welding worth?
The market values Chosun Welding at about 67.5B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 72,000 KRW; our models calculate a fair value of 184,625 KRW per share.
What do the bullish and bearish scenarios say about 120030?
Our models span a range for Chosun Welding: cautious scenario 147,235 KRW, base 184,625 KRW, optimistic 229,893 KRW per share (as of Nov 9, 2026, price 72,000 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 120030?
Chosun Welding trades at a price-to-earnings ratio of 4.9 (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 184,625 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 7.5. Other multiples: P/B 0.4, P/S 1.2, EV/EBITDA 1.2.
How solid is the balance sheet of Chosun Welding (120030)?
Balance-sheet figures for Chosun Welding (as of Nov 9, 2026): return on equity 8.3%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 120030 from its 52-week high?
Chosun Welding trades at 72,000 KRW, about 36% below its 52-week high of 111,700 KRW and at the low of 72,000 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 184,625 KRW is for.
Which stocks are comparable to Chosun Welding?
From the same area (Industrials) we also value Techtronic Industries Company, Snap-on Incorporated, Stanley Black & Decker, Inc, Lincoln Electric Holdings, 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 Chosun Welding stock attractive at the current price?
The data as of Nov 9, 2026: price 72,000 KRW, calculated fair value 184,625 KRW (+156%), Quality Score 68/100, 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 120030 calculated?
We run Chosun Welding 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 184,625 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. Chosun Welding currently trades 61% 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 Chosun Welding (120030)?
The closing price on Nov 6, 2026 was 72,000 KRW. Our model-based fair value is 184,625 KRW, about +156% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chosun Welding right now?
The price is below even our cautious bear case (147,235 KRW). The market is more pessimistic than our downside scenario. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Chosun Welding
How large is the market capitalisation of Chosun Welding (120030)?
The market capitalisation of Chosun Welding is 67.5B KRW (≈ $49.9M). 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 Chosun Welding (120030)?
The price-to-sales ratio of Chosun Welding is 1.25 (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 Chosun Welding (120030)?
Earnings per share at Chosun Welding are 14,630 KRW (price ÷ EPS = P/E 4.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chosun Welding (120030)?
The dividend yield of Chosun Welding is 0.7% (payout 3.4%). 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 Chosun Welding (120030)?
The net margin of Chosun Welding is 25.0% (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 Chosun Welding (120030)?
The return on equity (ROE) of Chosun Welding is 8.3% (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 Chosun Welding (120030)?
On an EBIT basis the return on assets of Chosun Welding is 7.5% (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 Chosun Welding (120030)?
The operating margin of Chosun Welding is 24.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chosun Welding (120030)?
Revenue at Chosun Welding is growing +13.0% versus a year earlier (3y avg −8.2%). 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 Chosun Welding (120030)?
Earnings per share at Chosun Welding are growing +51.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 9, 2026