Doosan Corporation (000155) Fair Value & Analysis

Industrials · KR · Market cap 8.3T KRW

Below-average quality, and screening another 85% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (80,346 KRW). The favourable scenario is already priced in.
• Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 33,062 KRW – 736,000 KRW · fair‑value band 48,208 KRW – 80,346 KRW · the 436,000 KRW price screens above the 64,277 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Doosan Corporation (000155) currently trades at 436,000 KRW, while our model-based Fair Value estimate is 64,277 KRW, implying the stock looks roughly 85.3% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Doosan Corporation generated revenue of 20.5T KRW at a net margin of 0.4%. Revenue grew 17.7% year over year. It earns a return on equity of 2.7%. Net debt stands at 4.4T KRW. Fundamentals as of Jul 13, 2026

Our scenario range runs from 48,208 KRW (bear case) to 80,346 KRW (bull case); at 436,000 KRW, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 48% below its 52-week high and 51% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -85%, 000155 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (153,147 KRW) versus Asset-Based (61,317 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Doosan Corporation, together with its subsidiaries, engages in the power generation facilities, industrial facilities, construction machinery, engines, and construction businesses in Korea, the United States, Asia, the Middle East, Europe, and internationally.

Full company description

Doosan Corporation, together with its subsidiaries, engages in the power generation facilities, industrial facilities, construction machinery, engines, and construction businesses in Korea, the United States, Asia, the Middle East, Europe, and internationally. It operates through Electro-Materials BG, Digital Innovation BU, Doosan Enerbility, Doosan Bobcat, Doosan Fuel Cell, and Others segments. The company manufactures and sells copper clad laminates, and casting and forgings; and provides development and maintenance services for information technology systems and other products, as well as professional, scientific, and technical services. It is also involved in the construction of NSSS, BOP, turbines, desalination and water treatment facilities, plant installation works, and roads, etc.; operation of golf club and condominiums; and manufacture and sale of eco-friendly commercial vehicles, industrial robots, hydrogen fuel cell power packs, construction equipment, integrated circuits, oil hydraulic machinery, and small size construction machines and equipment, as well as other machinery. In addition, the company engages in the fuel cell and renewable energy, and other businesses; development and sale of logistics automation facilities; testing and engineering of semiconductor manufacturing; electric power generation and sale; research and development of fuel cells and systems for power generation; manufacture, lease, and sale of forklifts; and financial investment activities, as well as sports, education and training, and wholesale and retail businesses. Further, it offers manufacturing, IT, advertising, marketing, specialized, engineering, and other services, as well as software and systems engineering services. The company was formerly known as OB Beer, Ltd. and changed its name to Doosan Corporation in September 1998. Doosan Corporation was founded in 1896 and is headquartered in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Doosan Corporation reported revenue of 19.8T KRW in FY2025 versus 13.2T KRW in FY2021, a compound +10.6%/yr. Reported net income was 75.8B KRW in FY2025, compounding −22.7%/yr from FY2021.

000155 screens 85% overvalued. Compare with CITIC Limited →

Peer Group

Conglomerates · 370 stocks

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.

Valuation Multiples vs Conglomerates median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.