Cs Holdings (000590) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Cs Holdings stock KRW 219,300, price KRW 73,100, upside +200.0%, quality 64 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 49,889 KRW – 98,078 KRW · fair‑value band 193,261 KRW – 283,228 KRW · the 73,100 KRW price screens below the 219,300 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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CS Holdings Co., Ltd. manufactures and markets welding materials in Korea. The company's products comprise of stick electrodes, flux cored wires, submerged arcs, mag wires, mig wires, tig cut lengths, and oxyacetylene electrodes.
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It serves shipbuilding, offshore, construction, oil and gas, nuclear energy, fabrication, and automobile sectors. The company was formerly known as Chosun Welding Co., Ltd. and changed its name to CS Holdings Co., Ltd. in January 2010.
CS Holdings Co., Ltd. was incorporated in 1949 and is headquartered in Pohang, South Korea.
Stock analysis
Cs Holdings (000590) currently trades at 73,100 KRW, while our model-based Fair Value estimate is 219,300 KRW, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 349,200 KRW per share, and 22 of the 24 models we run sit above the 73,100 KRW price.
Bear case: the Asset-Based group reads lowest at 179,466 KRW, and 2 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 193,261 KRW (bear) to 283,228 KRW (bull), the price of 73,100 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 64/100 (solid quality), in the Industrials sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Cs Holdings reported revenue of 135B KRW in FY2025 versus 159B KRW in FY2021, a compound −4.0%/yr. Reported net income was 17.3B KRW in FY2025, compounding +4.2%/yr from FY2021.
Key figures
Market cap 75.3B KRW (≈ $55.6M) Micro · P/E ratio 3.2 · P/S ratio 0.55 · EPS (TTM) 22,812 KRW · Dividend yield 0.7% · Net margin 17.1% · Return on equity 7.3% · Return on assets (EBIT) 6.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 19% above 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 200%, 000590 screens cheaper than that median.
Fair Value models
Bear193,261 KRWFair Value 219,300 KRWBull283,228 KRW
Price 73,100 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 (19,133 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.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
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.
+15.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.8%
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.14.8% vs 7.6%, 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.12% → 15%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Above median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)7.3% · Below median
Return on assets4.1% · Above median
Net margin (12 months)17.1% · Top 25%
Operating margin (12 months)19.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)9.9% · Below 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). "Cs Holdings Fair Value". https://www.fairvalue-calculator.com/stock/000590
Frequently asked questions
Is Cs Holdings (000590) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 219,300 KRW versus a price of 73,100 KRW, about +200% upside (undervalued).
What is the fair value of 000590?
Our model-based fair value for Cs Holdings is 219,300 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 73,100 KRW.
What is the quality score of 000590?
Cs Holdings has a Quality Score of 64/100. 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 Cs Holdings (000590)?
Our model-based price target is the fair value of 219,300 KRW (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 193,261 KRW, optimistic scenario 283,228 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Cs Holdings stock forecast for 2026?
Our models put fair value at 219,300 KRW, about +200% upside versus a price of 73,100 KRW (undervalued). Cautious scenario 193,261 KRW, optimistic scenario 283,228 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Cs Holdings (000590)?
Cs Holdings reported trailing-twelve-month revenue of about 137B KRW (latest available figure, as of Nov 9, 2026).
Does Cs Holdings pay a dividend?
Cs Holdings currently shows a dividend yield of 0.68% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Cs Holdings (000590) and when is the ex-dividend date?
Cs Holdings 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 2.2% of earnings. Free cash flow covers the dividend 32.51 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 Cs Holdings (000590)?
For today's price to be fair in a discounted-cash-flow model, Cs Holdings would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.5 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 000590 use?
Our models discount Cs Holdings at 11.9 %: a base by market capitalisation (micro), damped by beta 0.63, 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 Cs Holdings that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Cs Holdings (000590) delivered so far?
Over the past 5 years revenue at Cs Holdings grew +0.5 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 Cs Holdings (000590) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Cs Holdings (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cs Holdings (000590)?
The free-cash-flow yield on the price is 22.24 %: that much free cash flow Cs Holdings produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cs Holdings (000590)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cs Holdings it is 219,300 KRW per share (as of Nov 9, 2026), against a price of 73,100 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 Cs Holdings stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 000590 trades below its calculated fair value: price 73,100 KRW, fair value 219,300 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 000590?
No. The price is what the market pays today (73,100 KRW); the fair value is what the company's own numbers justify (219,300 KRW). For Cs Holdings the two are 146,200 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Cs Holdings worth?
The market values Cs Holdings at about 75.3B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 73,100 KRW; our models calculate a fair value of 219,300 KRW per share.
What do the bullish and bearish scenarios say about 000590?
Our models span a range for Cs Holdings: cautious scenario 193,261 KRW, base 219,300 KRW, optimistic 283,228 KRW per share (as of Nov 9, 2026, price 73,100 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000590?
Cs Holdings trades at a price-to-earnings ratio of 3.2 (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 219,300 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 6.0. Other multiples: P/B 0.2, P/S 0.5.
How solid is the balance sheet of Cs Holdings (000590)?
Balance-sheet figures for Cs Holdings (as of Nov 9, 2026): return on equity 7.3%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 000590 from its 52-week high?
Cs Holdings trades at 73,100 KRW, about 19% below its 52-week high of 90,800 KRW and 19% above the low of 61,500 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 219,300 KRW is for.
Which stocks are comparable to Cs Holdings?
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 Cs Holdings stock attractive at the current price?
The data as of Nov 9, 2026: price 73,100 KRW, calculated fair value 219,300 KRW (+200%), Quality Score 64/100, 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 000590 calculated?
We run Cs Holdings 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 219,300 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. Cs Holdings 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 Cs Holdings (000590)?
The closing price on Nov 6, 2026 was 73,100 KRW. Our model-based fair value is 219,300 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cs Holdings right now?
The price is below even our cautious bear case (193,261 KRW). The market is more pessimistic than our downside scenario. 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 (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Cs Holdings
How large is the market capitalisation of Cs Holdings (000590)?
The market capitalisation of Cs Holdings is 75.3B KRW (≈ $55.6M). 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 Cs Holdings (000590)?
The price-to-sales ratio of Cs Holdings is 0.55 (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 Cs Holdings (000590)?
Earnings per share at Cs Holdings are 22,812 KRW (price ÷ EPS = P/E 3.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cs Holdings (000590)?
The dividend yield of Cs Holdings is 0.7% (payout 2.2%). 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 Cs Holdings (000590)?
The net margin of Cs Holdings is 17.1% (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 Cs Holdings (000590)?
The return on equity (ROE) of Cs Holdings is 7.3% (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 Cs Holdings (000590)?
On an EBIT basis the return on assets of Cs Holdings is 6.0% (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 Cs Holdings (000590)?
The operating margin of Cs Holdings is 19.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cs Holdings (000590)?
Revenue at Cs Holdings is growing +9.9% versus a year earlier (3y avg −8.4%). 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 Cs Holdings (000590)?
Earnings per share at Cs Holdings are growing +435% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Nov 9, 2026