DAEHAN SHIPBUILDING LTD (439260) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of DAEHAN SHIPBUILDING LTD stock KRW 102,150, price KRW 34,050, upside +200.0%, quality 72 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 5, 2026.
How to read this chart
15‑month range 34,050 KRW – 108,304 KRW · fair‑value band 52,297 KRW – 141,782 KRW · the 34,050 KRW price screens below the 102,150 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
Follow DAEHAN SHIPBUILDING in your weekly email
Every Wednesday you see whether DAEHAN SHIPBUILDING 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.
Daehan Shipbuilding Co., Ltd. provides ship construction and repair services. It develops crude oil tankers, product carriers, shuttle tankers, container carriers, and bulk carriers. The company was founded in 1987 and is based in Haenam-eup, South Korea.
Stock analysis
DAEHAN SHIPBUILDING LTD (439260) currently trades at 34,050 KRW, while our model-based Fair Value estimate is 102,150 KRW, implying the stock looks roughly 67% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 168,794 KRW per share, and 23 of the 24 models we run sit above the 34,050 KRW price.
Bear case: the Asset-Based group reads lowest at 17,790 KRW, and 1 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 52,297 KRW (bear) to 141,782 KRW (bull), the price of 34,050 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 72/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
DAEHAN SHIPBUILDING LTD reported revenue of 1.2T KRW in FY2025 versus 694B KRW in FY2022, a compound +21.0%/yr. Reported net income was 249B KRW in FY2025.
Key figures
Market cap 1.3T KRW (≈ $970M) Small · P/E ratio 4.2 · P/S ratio 1.02 · EPS (TTM) 7,893 KRW · Dividend yield 0.7% · Net margin 23.4% · Return on equity 34.2% · Return on assets (EBIT) 8.9% (4-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 88 out of 100 (low confidence).
What moves the price
The share trades about 68% 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 −23% fair-value upside, at 200%, 439260 screens cheaper than that median.
Fair Value models
Bear52,297 KRWFair Value 102,150 KRWBull141,782 KRW
Price 34,050 KRW · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (6,534 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.2%
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.
+21.0%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
≈ +87.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+86.6%
Dividend (yield on the price)0.7%
⚠ Approximate: the rate leans on 2025, which sits 136% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−2.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −4.9% a year for the price and +1.5% for the forecasts.
Compare DAEHAN SHIPBUILDING LTD with another stock
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.Aerospace & Defense · 238 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)34.2% · Top 25%
Return on assets16.2% · Top 25%
Net margin (12 months)23.4% · Top 25%
Operating margin (12 months)26.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)19.7% · Above median
Dividend yield (12 months)0.7% · Below median
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Aerospace & Defense 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.
Is DAEHAN SHIPBUILDING LTD (439260) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 102,150 KRW versus a price of 34,050 KRW, about +200% upside (undervalued).
What is the fair value of 439260?
Our model-based fair value for DAEHAN SHIPBUILDING LTD is 102,150 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 34,050 KRW.
What is the quality score of 439260?
DAEHAN SHIPBUILDING LTD has a Quality Score of 72/100. 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 DAEHAN SHIPBUILDING LTD (439260)?
Our model-based price target is the fair value of 102,150 KRW (as of Nov 5, 2026) from 24 valuation models. Cautious scenario 52,297 KRW, optimistic scenario 141,782 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the DAEHAN SHIPBUILDING LTD stock forecast for 2026?
Our models put fair value at 102,150 KRW, about +200% upside versus a price of 34,050 KRW (undervalued). Cautious scenario 52,297 KRW, optimistic scenario 141,782 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of DAEHAN SHIPBUILDING LTD (439260)?
DAEHAN SHIPBUILDING LTD reported trailing-twelve-month revenue of about 1.3T KRW (latest available figure, as of Nov 5, 2026).
Does DAEHAN SHIPBUILDING LTD pay a dividend?
DAEHAN SHIPBUILDING LTD currently shows a dividend yield of 0.73% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of DAEHAN SHIPBUILDING LTD (439260) and when is the ex-dividend date?
DAEHAN SHIPBUILDING LTD pays a dividend of 250.00 KRW per share a year, a dividend yield of 0.7%. The last ex-dividend date was Dec 29, 2025. The payout ratio is 3.2% of earnings. Free cash flow covers the dividend 16.07 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 DAEHAN SHIPBUILDING LTD (439260)?
For today's price to be fair in a discounted-cash-flow model, DAEHAN SHIPBUILDING LTD would have to grow free cash flow by -2.9 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +21.0 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 439260 use?
Our models discount DAEHAN SHIPBUILDING LTD at 11.6 %: a base by market capitalisation (small), 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 DAEHAN SHIPBUILDING LTD that is -2.9 % 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 DAEHAN SHIPBUILDING LTD (439260) delivered so far?
Over the past 3 years revenue at DAEHAN SHIPBUILDING LTD grew +21.0 % a year. The price currently implies free-cash-flow growth of -2.9 % 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 DAEHAN SHIPBUILDING LTD (439260) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into DAEHAN SHIPBUILDING LTD (-2.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of DAEHAN SHIPBUILDING LTD (439260)?
The free-cash-flow yield on the price is 11.66 %: that much free cash flow DAEHAN SHIPBUILDING LTD 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 DAEHAN SHIPBUILDING LTD (439260)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DAEHAN SHIPBUILDING LTD it is 102,150 KRW per share (as of Nov 5, 2026), against a price of 34,050 KRW. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is DAEHAN SHIPBUILDING LTD stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 439260 trades below its calculated fair value: price 34,050 KRW, fair value 102,150 KRW, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 439260?
No. The price is what the market pays today (34,050 KRW); the fair value is what the company's own numbers justify (102,150 KRW). For DAEHAN SHIPBUILDING LTD the two are 68,100 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is DAEHAN SHIPBUILDING LTD worth?
The market values DAEHAN SHIPBUILDING LTD at about 1.3T KRW (market capitalisation, as of Nov 5, 2026). Per share that is 34,050 KRW; our models calculate a fair value of 102,150 KRW per share.
What do the bullish and bearish scenarios say about 439260?
Our models span a range for DAEHAN SHIPBUILDING LTD: cautious scenario 52,297 KRW, base 102,150 KRW, optimistic 141,782 KRW per share (as of Nov 5, 2026, price 34,050 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 439260?
DAEHAN SHIPBUILDING LTD trades at a price-to-earnings ratio of 4.2 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 102,150 KRW is built from several models across several years. Other multiples: P/B 1.2, P/S 1.0, EV/EBITDA 3.6.
How solid is the balance sheet of DAEHAN SHIPBUILDING LTD (439260)?
Balance-sheet figures for DAEHAN SHIPBUILDING LTD (as of Nov 5, 2026): return on equity 34.2%, debt of 0.14 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 439260 from its 52-week high?
DAEHAN SHIPBUILDING LTD trades at 34,050 KRW, about 68% below its 52-week high of 106,700 KRW and at the low of 34,050 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 102,150 KRW is for.
Which stocks are comparable to DAEHAN SHIPBUILDING LTD?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin 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 DAEHAN SHIPBUILDING LTD stock attractive at the current price?
The data as of Nov 5, 2026: price 34,050 KRW, calculated fair value 102,150 KRW (+200%), Quality Score 72/100, 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 439260 calculated?
We run DAEHAN SHIPBUILDING LTD through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 102,150 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. DAEHAN SHIPBUILDING LTD currently trades 67% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of DAEHAN SHIPBUILDING LTD (439260)?
The closing price on Nov 6, 2026 was 34,050 KRW. Our model-based fair value is 102,150 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DAEHAN SHIPBUILDING LTD right now?
The price is below even our cautious bear case (52,297 KRW). The market is more pessimistic than our downside scenario. The model range is unusually wide (52,297 KRW to 141,782 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (72/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of DAEHAN SHIPBUILDING LTD
How large is the market capitalisation of DAEHAN SHIPBUILDING LTD (439260)?
The market capitalisation of DAEHAN SHIPBUILDING LTD is 1.3T KRW (≈ $970M). 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 DAEHAN SHIPBUILDING LTD (439260)?
The price-to-sales ratio of DAEHAN SHIPBUILDING LTD is 1.02 (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 DAEHAN SHIPBUILDING LTD (439260)?
Earnings per share at DAEHAN SHIPBUILDING LTD are 7,893 KRW (price ÷ EPS = P/E 4.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DAEHAN SHIPBUILDING LTD (439260)?
The dividend yield of DAEHAN SHIPBUILDING LTD is 0.7% (payout 3.2%). 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 DAEHAN SHIPBUILDING LTD (439260)?
The net margin of DAEHAN SHIPBUILDING LTD is 23.4% (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 DAEHAN SHIPBUILDING LTD (439260)?
The return on equity (ROE) of DAEHAN SHIPBUILDING LTD is 34.2% (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 DAEHAN SHIPBUILDING LTD (439260)?
On an EBIT basis the return on assets of DAEHAN SHIPBUILDING LTD is 8.9% (avg 4y). 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 DAEHAN SHIPBUILDING LTD (439260)?
The operating margin of DAEHAN SHIPBUILDING LTD is 26.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DAEHAN SHIPBUILDING LTD (439260)?
Revenue at DAEHAN SHIPBUILDING LTD is growing +19.7% versus a year earlier (3y avg +21.0%). 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 DAEHAN SHIPBUILDING LTD (439260)?
Earnings per share at DAEHAN SHIPBUILDING LTD are growing +44.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does DAEHAN SHIPBUILDING LTD (439260) carry?
The net debt of DAEHAN SHIPBUILDING LTD is 12.7B 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.
Free · no account needed
Watch DAEHAN SHIPBUILDING LTD in the live analysis
One click puts DAEHAN SHIPBUILDING LTD on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 5, 2026