Daechang Steel Co Ltd (140520) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Daechang Steel Co Ltd stock KRW 1,979, price KRW 1,934, upside +2.3%, quality 61 out of 100. Rating: fairly valued. Calculated from audited financials with 25 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 4, 2026.
How to read this chart
60‑month range 1,692 KRW – 3,491 KRW · fair‑value band 1,306 KRW – 3,338 KRW · the 1,934 KRW price screens below the 1,979 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
Follow Daechang Steel Co in your weekly email
Every Wednesday you see whether Daechang Steel Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
DaeChang Steel Co., Ltd. engages in the manufacture, processing, and sale of steel products in South Korea.
Show moreShow less
The company offers cold rolled steel products, pickled oiled coils, continuous galvanized coils, electro galvanized coils, and hot galvanized coils, as well as electro coils, color coils, stainless coils, and other steel products.
It also develops, manufactures, and installs raised floor products, such as OA floors, access floors, aluminum panels, wood core panels, clean room products, and C-frame type products, as well as accessories and air conditioning panels.
In addition, the company is involved in the real estate leasing, trading, roof plating and building assembling, interior construction, and storage and warehousing businesses. The company was founded in 1980 and is headquartered in Incheon, South Korea.
Stock analysis
Daechang Steel Co Ltd (140520) currently trades at 1,934 KRW, while our model-based Fair Value estimate is 1,979 KRW, so the stock looks roughly fairly valued today (gap 2.3%).
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of 10,788 KRW per share, and 19 of the 25 models we run sit above the 1,934 KRW price.
Bear case: the Earnings-Based group reads lowest at 1,501 KRW, and 6 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 1,306 KRW (bear) to 3,338 KRW (bull), the price of 1,934 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 61/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Daechang Steel Co Ltd reported revenue of 399B KRW in FY2025 versus 296B KRW in FY2021, a compound +7.7%/yr. Reported net income was 2.9B KRW in FY2025, compounding −32.9%/yr from FY2021.
Key figures
Market cap 40.8B KRW (≈ $30.2M) Micro · P/E ratio 6.4 · P/S ratio 0.10 · EPS (TTM) 308.90 KRW · Dividend yield 7.8% · Net margin 1.5% · Return on equity 4.4% · Return on assets (EBIT) 2.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (medium confidence).
What moves the price
The share trades about 20% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −36% fair-value upside, at 2%, 140520 screens cheaper than that median.
Fair Value models
Bear1,306 KRWFair Value 1,979 KRWBull3,338 KRW
Price 1,934 KRW · Upside +2.3%
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 (136.70 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 DCF10,366 KRW15,235 KRW22,407 KRW80
Growth DCF10,633 KRW15,099 KRW21,362 KRW79
5Y EBITDA Exit5,370 KRW6,900 KRW8,534 KRW77
All 25 models by family
DCF Models
FCF DCF10,366 KRW15,235 KRW22,407 KRW80
Owner Earnings5,103 KRW7,416 KRW10,825 KRW76
5Y Revenue Exit5,039 KRW6,303 KRW7,746 KRW74
5Y EBITDA Exit5,370 KRW6,900 KRW8,534 KRW77
5Y P/E Exit4,876 KRW6,008 KRW7,085 KRW72
10Y Revenue Exit6,849 KRW8,384 KRW10,127 KRW68
10Y EBITDA Exit7,114 KRW8,793 KRW10,712 KRW70
10Y P/E Exit6,802 KRW8,182 KRW9,636 KRW65
Earnings-Based
Graham-Dodd920.20 KRW2,371 KRW3,088 KRW65
PEG = 1.0446.16 KRW637.38 KRW828.59 KRW57
EPV1,332 KRW1,501 KRW1,648 KRW74
Dividend Discount
Gordon GGM1,393 KRW2,774 KRW4,715 KRW65
DDM Multi-Stage1,393 KRW2,143 KRW2,959 KRW66
Multiples
P/E Multiple1,725 KRW2,301 KRW2,876 KRW63
P/S Multiple1,725 KRW2,301 KRW2,876 KRW58
P/B Multiple2,774 KRW3,699 KRW4,624 KRW55
EV/EBITn/a683.03 KRW1,406 KRW61
EV/EBITDA388.17 KRW1,253 KRW2,118 KRW61
EV/Revenuen/a476.60 KRW1,282 KRW50
Asset-Based
NCAV (Graham)1,845 KRW2,796 KRW3,495 KRW54
Growth DCF
Growth DCF10,633 KRW15,099 KRW21,362 KRW79
Rev-Margin DCF5,039 KRW6,478 KRW8,128 KRW74
Economic Profit
Residual Income4,808 KRW4,843 KRW5,023 KRW76
ROIC Compounder1,332 KRW1,501 KRW1,648 KRW72
Growth Earnings
Growth-Adj P/E1,367 KRW1,953 KRW2,539 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.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.0%
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.
+0.0%
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.
+18.4%
Start year 2020 (pandemic). Over 10 years: +4.4% a year
Revenue growth 11 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.
+3.7%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−19.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−27.3%
Dividend (yield on the price)7.8%
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.−2% → 1%
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).
−17.8%
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 −19.5% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Steel · 411 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside+2.3% · Above median
Profitability
Return on equity (12 months)4.4% · Below median
Return on assets1.1% · Below median
Net margin (12 months)1.5% · Below median
Operating margin (12 months)2.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)19.7% · Above median
Dividend yield (12 months)7.8% · Top 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Steel 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). "Daechang Steel Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/140520
Frequently asked questions
Is Daechang Steel Co Ltd (140520) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 1,979 KRW versus a price of 1,934 KRW, about +2% upside (fairly valued).
What is the fair value of 140520?
Our model-based fair value for Daechang Steel Co Ltd is 1,979 KRW (as of Nov 4, 2026), built from audited fundamentals. The current price: 1,934 KRW.
What is the quality score of 140520?
Daechang Steel Co Ltd has a Quality Score of 61/100. 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 Daechang Steel Co Ltd (140520)?
Our model-based price target is the fair value of 1,979 KRW (as of Nov 4, 2026) from 25 valuation models. Cautious scenario 1,306 KRW, optimistic scenario 3,338 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Daechang Steel Co Ltd stock forecast for 2026?
Our models put fair value at 1,979 KRW, about +2% upside versus a price of 1,934 KRW (fairly valued). Cautious scenario 1,306 KRW, optimistic scenario 3,338 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Daechang Steel Co Ltd (140520)?
Daechang Steel Co Ltd reported trailing-twelve-month revenue of about 426B KRW (latest available figure, as of Nov 4, 2026).
Does Daechang Steel Co Ltd pay a dividend?
Daechang Steel Co Ltd currently shows a dividend yield of 7.76% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Daechang Steel Co Ltd (140520) and when is the ex-dividend date?
Daechang Steel Co Ltd pays a dividend of 150.00 KRW per share a year, a dividend yield of 7.8%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2014. The payout ratio is 48.6% of earnings. Free cash flow covers the dividend 5.59 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 Daechang Steel Co Ltd (140520)?
For today's price to be fair in a discounted-cash-flow model, Daechang Steel Co Ltd would have to grow free cash flow by -17.8 % 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 +18.4 % 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 4, 2026.
What discount rate (WACC) does the fair value of 140520 use?
Our models discount Daechang Steel Co Ltd at 8.9 %: a base by market capitalisation (nano), damped by beta 0.47, 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 Daechang Steel Co Ltd that is -17.8 % 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 Daechang Steel Co Ltd (140520) delivered so far?
Over the past 5 years revenue at Daechang Steel Co Ltd grew +18.4 % a year. The price currently implies free-cash-flow growth of -17.8 % 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 Daechang Steel Co Ltd (140520) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Daechang Steel Co Ltd (-17.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Daechang Steel Co Ltd (140520)?
The free-cash-flow yield on the price is 43.37 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Daechang Steel Co Ltd 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 Daechang Steel Co Ltd (140520)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Daechang Steel Co Ltd it is 1,979 KRW per share (as of Nov 4, 2026), against a price of 1,934 KRW. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Daechang Steel Co Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 140520 trades below its calculated fair value: price 1,934 KRW, fair value 1,979 KRW, a gap of about +2% (fairly valued). 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 140520?
No. The price is what the market pays today (1,934 KRW); the fair value is what the company's own numbers justify (1,979 KRW). For Daechang Steel Co Ltd the two are 45.36 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Daechang Steel Co Ltd worth?
The market values Daechang Steel Co Ltd at about 40.8B KRW (market capitalisation, as of Nov 4, 2026). Per share that is 1,934 KRW; our models calculate a fair value of 1,979 KRW per share.
What do the bullish and bearish scenarios say about 140520?
Our models span a range for Daechang Steel Co Ltd: cautious scenario 1,306 KRW, base 1,979 KRW, optimistic 3,338 KRW per share (as of Nov 4, 2026, price 1,934 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 140520?
Daechang Steel Co Ltd trades at a price-to-earnings ratio of 6.4 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,979 KRW is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2017 to 2025), reported earnings: 19.1. Other multiples: P/B 0.3, P/S 0.1, EV/EBITDA 3.1.
How solid is the balance sheet of Daechang Steel Co Ltd (140520)?
Balance-sheet figures for Daechang Steel Co Ltd (as of Nov 4, 2026): return on equity 4.4%, debt of 0.03 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 140520 from its 52-week high?
Daechang Steel Co Ltd trades at 1,934 KRW, about 20% below its 52-week high of 2,430 KRW and 3% above the low of 1,869 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 1,979 KRW is for.
Which stocks are comparable to Daechang Steel Co Ltd?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel 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 Daechang Steel Co Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price 1,934 KRW, calculated fair value 1,979 KRW (+2%), Quality Score 61/100, from 25 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 140520 calculated?
We run Daechang Steel Co Ltd through 25 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 1,979 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. Daechang Steel Co Ltd currently trades 2% 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 Daechang Steel Co Ltd (140520)?
The closing price on Nov 9, 2026 was 1,934 KRW. Our model-based fair value is 1,979 KRW, about +2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Daechang Steel Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (1,306 KRW to 3,338 KRW) leaves room in how you read the outcome.
Key figures of Daechang Steel Co Ltd
How large is the market capitalisation of Daechang Steel Co Ltd (140520)?
The market capitalisation of Daechang Steel Co Ltd is 40.8B KRW (≈ $30.2M). 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 Daechang Steel Co Ltd (140520)?
The price-to-sales ratio of Daechang Steel Co Ltd is 0.10 (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 Daechang Steel Co Ltd (140520)?
Earnings per share at Daechang Steel Co Ltd are 308.90 KRW (price ÷ EPS = P/E 6.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Daechang Steel Co Ltd (140520)?
The dividend yield of Daechang Steel Co Ltd is 7.8% (payout 48.6%). 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 Daechang Steel Co Ltd (140520)?
The net margin of Daechang Steel Co Ltd is 1.5% (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 Daechang Steel Co Ltd (140520)?
The return on equity (ROE) of Daechang Steel Co Ltd is 4.4% (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 Daechang Steel Co Ltd (140520)?
On an EBIT basis the return on assets of Daechang Steel Co Ltd is 2.2% (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 Daechang Steel Co Ltd (140520)?
The operating margin of Daechang Steel Co Ltd is 2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Daechang Steel Co Ltd (140520)?
Revenue at Daechang Steel Co Ltd is growing +19.7% versus a year earlier (3y avg +0.0%). 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 Daechang Steel Co Ltd (140520)?
Earnings per share at Daechang Steel Co Ltd are growing −66.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Daechang Steel Co Ltd (140520) carry?
The net debt of Daechang Steel Co Ltd is 46.6B KRW (fiscal year 2025, ≈ 2.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Daechang Steel Co Ltd in the live analysis
One click puts Daechang Steel Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 4, 2026