Tcc Steel (002710) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Tcc Steel KRW 13,746, price KRW 11,190, upside +22.8%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 4,287 KRW – 81,512 KRW · fair‑value band 8,239 KRW – 18,941 KRW · the 11,190 KRW price screens below the 13,746 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. Dashed = 300-day average. As of Sep 24, 2026.
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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. The company operates through three segments: Strategic Business Units, Surface Treated Steel Sheet, and Property for Rent segments.
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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. 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 11,190 KRW, while our model-based Fair Value estimate is 13,746 KRW, implying the stock looks roughly 18.6% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 6,262 KRW per share, and 0 of the 9 models we run sit above the 11,190 KRW price.
Bear case: the Multiples group reads lowest at 4,848 KRW, and 9 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: 8,239 KRW (bear) to 18,941 KRW (bull), the price of 11,190 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 43/100 (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 293B KRW (≈ $216M) · P/S ratio 0.38 · Dividend yield 0.6% · Net margin −1.2% · Return on equity −3.6% · Return on assets (EBIT) 3.6% · Operating margin −2.3% · Revenue (TTM) 631B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 50% below its 52-week high and 48% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at 23%, 002710 screens cheaper than that median.
Fair Value models
Bear 8,239 KRWFair Value 13,746 KRWBull 18,941 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.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%
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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).
+30.2%
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 +27.5% a year for the price.
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.Steel · 411 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside+23% · Above median
Profitability
Return on assets−2% · Bottom 25%
Net margin (TTM)−1% · Bottom 25%
Operating margin (TTM)−2% · Bottom 25%
Growth and dividend
Revenue growth12% · Above median
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity0.42× · Highest 25%
Valuation Multiplesvs Steel 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). "Tcc Steel Fair Value". https://www.fairvalue-calculator.com/stock/002710
Frequently asked questions
Is Tcc Steel (002710) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 13,746 KRW versus a price of 11,190 KRW, about +23% upside (undervalued).
What is the fair value of 002710?
Our model-based fair value for Tcc Steel is 13,746 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 11,190 KRW.
What is the quality score of 002710?
Tcc Steel has a Quality Score of 43/100. 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 13,746 KRW (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 8,239 KRW, optimistic scenario 18,941 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 13,746 KRW, about +23% upside versus a price of 11,190 KRW (undervalued). Cautious scenario 8,239 KRW, optimistic scenario 18,941 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 631B KRW (latest available figure, as of Sep 24, 2026).
Does Tcc Steel pay a dividend?
Tcc Steel currently shows a dividend yield of about 0.63% relative to its recent price (as of Sep 24, 2026).
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 +30.2 % per year for five years (discount rate 14.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 002710 use?
Our models discount Tcc Steel at 14.6 %: a base by market capitalisation (micro), damped by beta 1.43, 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 +30.2 % per year a year over ten years, using the same discount rate (14.6 %) 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 +30.2 % per year free-cash-flow growth a 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 +3.3 % a year. That is the yardstick for the growth priced into Tcc Steel (+30.2 % per year a 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 5.32 %: that much free cash flow Tcc Steel produces per unit of market value. When it exceeds the discount rate of our models (14.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of 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 13,746 KRW per share (as of Sep 24, 2026), against a price of 11,190 KRW. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Tcc Steel stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 002710 trades below its calculated fair value: price 11,190 KRW, fair value 13,746 KRW, a gap of about +23% (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 (11,190 KRW); the fair value is what the company's own numbers justify (13,746 KRW). For Tcc Steel the two are 2,556 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 293B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 11,190 KRW; our models calculate a fair value of 13,746 KRW per share.
What do the bullish and bearish scenarios say about 002710?
Our models span a range for Tcc Steel: cautious scenario 8,239 KRW, base 13,746 KRW, optimistic 18,941 KRW per share (as of Sep 24, 2026, price 11,190 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 Sep 24, 2026): return on equity −3.6%, debt of 0.42 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 002710 from its 52-week high?
Tcc Steel trades at 11,190 KRW, about 50% below its 52-week high of 22,600 KRW and 48% above the low of 7,550 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 13,746 KRW is for.
Which stocks are comparable to Tcc Steel?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata 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 Sep 24, 2026: price 11,190 KRW, calculated fair value 13,746 KRW (+23%), Quality Score 43/100, from 9 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 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 13,746 KRW, 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 13.0 % above its aggregate fair value. Tcc Steel currently trades 23 % 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 Sep 23, 2026 was 11,190 KRW. Our model-based fair value is 13,746 KRW, about +23% 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 (8,239 KRW to 18,941 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 293B KRW (≈ $216M). 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 0.38 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Tcc Steel (002710)?
The dividend yield of Tcc Steel is 0.6%. 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 −1.2% (fiscal year 2025). 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 −3.6% (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 −2.3% (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 +12.2% 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.
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