EN DE

Tae Won Mulsan Co (001420) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 20.5B KRW

TW Tae Won Mulsan Co 001420 · KO
Price2,640 KRW
Fair Value4,957 KRW
Upside+87.8%
Quality47/100
Watch Tae Won Mulsan Co for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Loss-making · -19.2% net margin
Low debt · negative free cash flow
7.17% dividend yield
Mixed vs. peers (4/9)
Narrow moat 7/100
Evidence: Low Range 3,272 KRW – 6,197 KRW Share as image

Fair value as of: Jul 22, 2026

From 3 valuation models · updated 19 days ago

Share price −12.0% over the past month.

Below-average quality, screening 88% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (3,272 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 (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (3,272 KRW to 6,197 KRW) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

5,543 KRW 2,080 KRW Fair Value 4,957 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 2,080 KRW – 5,543 KRW · fair‑value band 3,272 KRW – 6,197 KRW · the 2,640 KRW price screens below the 4,957 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Tae Won Mulsan Co (001420) currently trades at 2,640 KRW, while our model-based Fair Value estimate is 4,957 KRW, implying the stock looks roughly 87.8% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Tae Won Mulsan Co generated revenue of 15.9B KRW at a net margin of -19.2%. Revenue grew 38.3% year over year. It earns a return on equity of -7.3%. Net debt stands at 21.3M KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 3,272 KRW (bear case) to 6,197 KRW (bull case); at 2,640 KRW, the current price sits below 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 39% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 88%, 001420 screens cheaper 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.

Model 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. Evidence
Highest evidence
Gordon GGM 1,836 KRW 2,010 KRW 2,274 KRW 70
DDM Multi-Stage 1,836 KRW 2,304 KRW 2,959 KRW 61
NCAV (Graham) 2,842 KRW 3,808 KRW 5,683 KRW 50
All 3 models by family
Dividend Discount
Gordon GGM 1,836 KRW 2,010 KRW 2,274 KRW 70
DDM Multi-Stage 1,836 KRW 2,304 KRW 2,959 KRW 61
Asset-Based
NCAV (Graham) 2,842 KRW 3,808 KRW 5,683 KRW 50

Widest divergence: Asset-Based (3,808 KRW) versus Dividend Discount (2,010 KRW). Highest evidence: Gordon GGM (70).

Notify me when 001420 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 15.9B KRW
Revenue growth (YoY) +38.3%
Net margin -19.2%
Return on equity -7.3%
Free cash flow −5.0B KRW FY2025
Operating margin -19.8%
More key figures
Dividend yield 7.2%
EPS growth (YoY) -75.5%
Net debt 21.3M KRW FY2023

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 49 · Market factors (momentum, volatility) 33

Profitability 4
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Tae Won Mulsan Co., Ltd. engages in the manufacture and sale of engine water pumps and engine surrounding parts for automobiles.

Full company description

Tae Won Mulsan Co., Ltd. engages in the manufacture and sale of engine water pumps and engine surrounding parts for automobiles. The company provides water pumps for farm machines and automobiles; rod and cable type gear shift cover assemblies; shift blocks and front bearing covers for trucks; brackets for transmission mounts; shackles for alternators; EGR adapters; and ECU housing products. It also offers refined phosphate gypsum, gypsum plaster, calcined gypsum, and gypsum resin mortar for use in construction materials. The company was formerly known as Samyang Trading and changed its name to Tae Won Mulsan Co., Ltd. in February 1968. The company was founded in 1955 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

Tae Won Mulsan Co reported revenue of 14.9B KRW in FY2025 versus 14.7B KRW in FY2021, a compound +0.3%/yr. Reported net income was −2.3B KRW in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
14.9B KRW
Latest YoY
+28.5%
Avg. growth/yr (3Y) 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.
+10.7%
Avg. growth/yr (5Y) 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.
−1.9%
Avg. growth/yr (12Y) 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.
−7.5%
Revenue +0.3%/yr
FY21 14.7B KRW
FY22 11.0B KRW
FY23 9.2B KRW
FY24 11.6B KRW
FY25 14.9B KRW
Net income
FY21 81.3M KRW
FY22 −1.4B KRW
FY23 −82.5M KRW
FY24 17.5B KRW
FY25 −2.3B KRW

Watch 001420: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Tae Won Mulsan Co Fair Value". https://www.fairvalue-calculator.com/stock/001420

Peer Group

Auto Parts · 642 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.

Quality Score 47 · Below median
Fair Value upside +88% · Top 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -19% · Bottom 25%
Operating margin (TTM) -20% · Bottom 25%
Revenue growth 38% · Top 25%
Dividend yield (TTM) 7.2% · Top 25%
Debt / equity 0.01× · Lower than 75% of peers

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 100 · sector 16
FUTURE 100 · sector 23
PAST 0 · sector 26
HEALTH 100 · sector 95
DIVIDEND 100 · sector 30

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 482,000 KRW 678,420 KRW +41%
Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

Compare Tae Won Mulsan Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Tae Won Mulsan Co (001420) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 4,957 KRW versus a price of 2,640 KRW, about +88% (undervalued).
What is the fair value of 001420?
Our model-based fair value for Tae Won Mulsan Co is 4,957 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 2,640 KRW.
What is the quality score of 001420?
Tae Won Mulsan Co has a Quality Score of 47/100. 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 revenue of Tae Won Mulsan Co (001420)?
Tae Won Mulsan Co reported trailing-twelve-month revenue of about 15.9B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 001420?
The net profit margin of Tae Won Mulsan Co is about -19.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Tae Won Mulsan Co pay a dividend?
Tae Won Mulsan Co currently shows a dividend yield of about 9.20% relative to its recent price (as of Jul 22, 2026).

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.

14 days Pro free · no card

Track Tae Won Mulsan Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.