Tcc Steel (002710) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Tcc Steel stock KRW 10,057, price KRW 9,020, upside +11.5%, quality 42 out of 100. Rating: undervalued. Calculated from audited financials with 10 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 7, 2026.
How to read this chart
60‑month range 4,508 KRW – 81,512 KRW · fair‑value band 6,146 KRW – 13,859 KRW · the 9,020 KRW price screens below the 10,057 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
Follow Tcc Steel in your weekly email
Every Wednesday you see whether Tcc Steel 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.
TCC Steel Corp. engages in the manufacture and sale of stone coated steel sheets, and other surface-treated steel sheets in South Korea, Asia, Europe, the Middle East, North America, and internationally.
Show moreShow less
The company operates through three segments: Strategic Business Units, Surface Treated Steel Sheet, and Property for Rent segments. Its products include tinplate, tin free, nickel-plated, copper-plated, super tin, and laminated steel.
The company was formerly known as Dongyang Tinplate Corp. and changed its name to TCC Steel Corp. in March 2003. TCC Steel Corp. was founded in 1959 and is headquartered in Pohang, South Korea.
Stock analysis
Tcc Steel (002710) currently trades at 9,020 KRW, while our model-based Fair Value estimate is 10,057 KRW, implying the stock looks roughly 10% undervalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of 6,131 KRW per share, and 0 of the 9 models we run sit above the 9,020 KRW price.
Bear case: the DCF Models group reads lowest at 4,231 KRW, and 9 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6,146 KRW (bear) to 13,859 KRW (bull), the price of 9,020 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 42/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Tcc Steel reported revenue of 612B KRW in FY2025 versus 537B KRW in FY2021, a compound +3.3%/yr. Reported net income was −7.4B KRW in FY2025.
Key figures
Market cap 236B KRW (≈ $175M) Micro · P/S ratio 0.44 · EPS (TTM) −662.09 KRW · Dividend yield 0.8% · Net margin −2.6% · Return on equity −6.9% · Return on assets (EBIT) 3.6% (5-year average) · Operating margin 0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (medium confidence).
What moves the price
The share trades about 60% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at 11%, 002710 screens cheaper than that median.
Fair Value models
Bear6,146 KRWFair Value 10,057 KRWBull13,859 KRW
Price 9,020 KRW · Upside +11.5%
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.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 DCF3,945 KRW5,500 KRW7,128 KRW81
Growth DCF3,982 KRW5,383 KRW6,795 KRW80
Owner Earnings1,066 KRW1,966 KRW2,908 KRW75
All 10 models by family
DCF Models
FCF DCF3,945 KRW5,500 KRW7,128 KRW81
Owner Earnings1,066 KRW1,966 KRW2,908 KRW75
5Y Revenue Exit3,073 KRW5,190 KRW7,708 KRW72
5Y EBITDA Exit1,280 KRW2,034 KRW2,784 KRW75
10Y Revenue Exit3,380 KRW5,028 KRW6,930 KRW67
10Y EBITDA Exit2,626 KRW3,434 KRW4,261 KRW70
Multiples
EV/Revenuen/an/a2,249 KRW50
Asset-Based
NCAV (Graham)4,576 KRW6,131 KRW9,151 KRW54
Growth DCF
Growth DCF3,982 KRW5,383 KRW6,795 KRW80
Rev-Margin DCF3,073 KRW5,344 KRW7,801 KRW72
The fair value above starts from this blend and is adjusted for a cyclical trough 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+5.1%
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.
−3.7%
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.
+7.2%
Start year 2020 (pandemic). Over 10 years: +2.1% a year
Revenue growth 25 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
Profit margin (trend) ⓘ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.
0.2% (2020) → −1.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+29.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +26.9% 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 · 410 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside+8.3% · Above median
Profitability
Return on assets−1.3% · Bottom 25%
Net margin (12 months)−2.6% · Bottom 25%
Operating margin (12 months)0.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)17.5% · Above median
Dividend yield (12 months)0.8% · Bottom 25%
Balance sheet
Debt / equity0.42× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
P/B0.99× · Cheaper than median
P/S (12 months)0.37× · Cheaper than median
Price / free cash flow (fiscal year)15.6× · Pricier than median
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). "Tcc Steel Fair Value". https://www.fairvalue-calculator.com/stock/002710
Frequently asked questions
Is Tcc Steel (002710) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 10,057 KRW versus a price of 9,020 KRW, about +11% upside (undervalued).
What is the fair value of 002710?
Our model-based fair value for Tcc Steel is 10,057 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 9,020 KRW.
What is the quality score of 002710?
Tcc Steel has a Quality Score of 42/100. 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 Tcc Steel (002710)?
Our model-based price target is the fair value of 10,057 KRW (as of Nov 7, 2026) from 10 valuation models. Cautious scenario 6,146 KRW, optimistic scenario 13,859 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Tcc Steel stock forecast for 2026?
Our models put fair value at 10,057 KRW, about +11% upside versus a price of 9,020 KRW (undervalued). Cautious scenario 6,146 KRW, optimistic scenario 13,859 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Tcc Steel (002710)?
Tcc Steel reported trailing-twelve-month revenue of about 658B KRW (latest available figure, as of Nov 7, 2026).
Does Tcc Steel pay a dividend?
Tcc Steel currently shows a dividend yield of 0.78% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Tcc Steel (002710) and when is the ex-dividend date?
Tcc Steel pays a dividend of 70.00 KRW per share a year, a dividend yield of 0.8%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2018. Free cash flow covers the dividend 8.51 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Tcc Steel (002710)?
For today's price to be fair in a discounted-cash-flow model, Tcc Steel would have to grow free cash flow by +29.5 % per year for five years (discount rate 15.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.2 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 002710 use?
Our models discount Tcc Steel at 15.5 %: a base by market capitalisation (micro), damped by beta 1.71, 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 Tcc Steel that is +29.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (15.5 %) and the same formula as our fair value.
How much growth has Tcc Steel (002710) delivered so far?
Over the past 5 years revenue at Tcc Steel grew +7.2 % a year. The price currently implies free-cash-flow growth of +29.5 % 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 Tcc Steel (002710) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Tcc Steel (+29.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tcc Steel (002710)?
The free-cash-flow yield on the price is 6.60 %: that much free cash flow Tcc Steel produces per unit of market value. When it exceeds the discount rate of our models (15.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tcc Steel (002710)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tcc Steel it is 10,057 KRW per share (as of Nov 7, 2026), against a price of 9,020 KRW. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Tcc Steel stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 002710 trades below its calculated fair value: price 9,020 KRW, fair value 10,057 KRW, a gap of about +11% (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 002710?
No. The price is what the market pays today (9,020 KRW); the fair value is what the company's own numbers justify (10,057 KRW). For Tcc Steel the two are 1,037 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Tcc Steel worth?
The market values Tcc Steel at about 236B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 9,020 KRW; our models calculate a fair value of 10,057 KRW per share.
What do the bullish and bearish scenarios say about 002710?
Our models span a range for Tcc Steel: cautious scenario 6,146 KRW, base 10,057 KRW, optimistic 13,859 KRW per share (as of Nov 7, 2026, price 9,020 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Tcc Steel (002710)?
Balance-sheet figures for Tcc Steel (as of Nov 7, 2026): return on equity −6.9%, debt of 0.42 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 002710 from its 52-week high?
Tcc Steel trades at 9,020 KRW, about 60% below its 52-week high of 22,600 KRW and 19% above the low of 7,550 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 10,057 KRW is for.
Which stocks are comparable to Tcc Steel?
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 Tcc Steel stock attractive at the current price?
The data as of Nov 7, 2026: price 9,020 KRW, calculated fair value 10,057 KRW (+11%), Quality Score 42/100, from 10 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 002710 calculated?
We run Tcc Steel through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 10,057 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. Tcc Steel currently trades 10% 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 Tcc Steel (002710)?
The closing price on Nov 9, 2026 was 9,020 KRW. Our model-based fair value is 10,057 KRW, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tcc Steel right now?
A fairly wide model range (6,146 KRW to 13,859 KRW) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Tcc Steel
How large is the market capitalisation of Tcc Steel (002710)?
The market capitalisation of Tcc Steel is 236B KRW (≈ $175M). 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 Tcc Steel (002710)?
The price-to-sales ratio of Tcc Steel is 0.44 (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 Tcc Steel (002710)?
Earnings per share at Tcc Steel are −662.09 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tcc Steel (002710)?
The dividend yield of Tcc Steel is 0.8%. 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 Tcc Steel (002710)?
The net margin of Tcc Steel is −2.6% (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 Tcc Steel (002710)?
The return on equity (ROE) of Tcc Steel is −6.9% (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 Tcc Steel (002710)?
On an EBIT basis the return on assets of Tcc Steel is 3.6% (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 Tcc Steel (002710)?
The operating margin of Tcc Steel is 0.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tcc Steel (002710)?
Revenue at Tcc Steel is growing +17.5% versus a year earlier (3y avg −3.7%). 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 Tcc Steel (002710)?
Earnings per share at Tcc Steel are growing −96.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tcc Steel (002710) carry?
The net debt of Tcc Steel is 205B KRW (fiscal year 2025, ≈ 13.1 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 Tcc Steel in the live analysis
One click puts Tcc Steel on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 7, 2026