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DRB Holding (004840) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 82.3B KRW

DH DRB Holding 004840 · KO
Price4,480 KRW
Fair Value7,080 KRW
Upside+58.0%
Quality53/100
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Expensive Growth
Thin margins · 0.5% net margin
Low debt · negative free cash flow
1.90% dividend yield
Mixed vs. peers (4/9)
Narrow moat 28/100
Evidence: Medium Range 5,310 KRW – 8,850 KRW Share as image

Fair value as of: Jul 22, 2026

From 16 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 5,101 KRW to 7,080 KRW (+38.8%) since Jul 22, 2026. Share price +3.7% over the past month.

A solid business, screening 58% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (5,310 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

7,936 KRW 3,549 KRW Fair Value 7,080 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 3,549 KRW – 7,936 KRW · fair‑value band 5,310 KRW – 8,850 KRW · the 4,480 KRW price screens below the 7,080 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.

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Analysis

DRB Holding (004840) currently trades at 4,480 KRW, while our model-based Fair Value estimate is 7,080 KRW, implying the stock looks roughly 58.0% undervalued today. The Quality Score stands at 53/100 (solid 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: medium), always confirm before acting.

Over the trailing twelve months, DRB Holding generated revenue of 818B KRW at a net margin of 0.5%. Revenue grew 8.3% year over year. It earns a return on equity of 2.2%. Net debt stands at 166B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 5,310 KRW (bear case) to 8,850 KRW (bull case); at 4,480 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 31% below its 52-week high and 12% 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 58%, 004840 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
Residual Income 14,443 KRW 13,608 KRW 10,040 KRW 76
ROIC Compounder 14,164 KRW 15,755 KRW 17,148 KRW 72
Gordon GGM 1,473 KRW 3,063 KRW 4,859 KRW 70
All 16 models by family
Earnings-Based
Graham-Dodd 1,577 KRW 5,019 KRW 6,690 KRW 54
Lynch FV 1,107 KRW 1,581 KRW 2,056 KRW 50
PEG = 1.0 1,107 KRW 1,581 KRW 2,056 KRW 46
EPV 14,164 KRW 15,755 KRW 17,148 KRW 59
Dividend Discount
Gordon GGM 1,473 KRW 3,063 KRW 4,859 KRW 70
DDM Multi-Stage 1,473 KRW 2,461 KRW 3,215 KRW 61
Multiples
P/E Multiple 3,825 KRW 5,101 KRW 6,376 KRW 63
P/S Multiple 2,956 KRW 3,941 KRW 4,927 KRW 58
P/B Multiple 2,956 KRW 3,941 KRW 4,927 KRW 55
EV/EBIT 22,055 KRW 27,867 KRW 33,680 KRW 53
EV/EBITDA 31,843 KRW 40,918 KRW 49,994 KRW 54
EV/Revenue 16,371 KRW 21,409 KRW 26,446 KRW 43
Asset-Based
NCAV (Graham) 10,483 KRW 14,047 KRW 20,966 KRW 50
Economic Profit
Residual Income 14,443 KRW 13,608 KRW 10,040 KRW 76
ROIC Compounder 14,164 KRW 15,755 KRW 17,148 KRW 72
Growth Earnings
Growth-Adj P/E 3,172 KRW 4,532 KRW 5,891 KRW 68

Widest divergence: Asset-Based (14,047 KRW) versus Earnings-Based (1,581 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 818B KRW
Revenue growth (YoY) +8.3%
Net margin 0.5%
Return on equity 2.2%
Free cash flow −3.9B KRW FY2025
Operating margin 3.0%
More key figures
Dividend yield 1.9%
EPS growth (YoY) -26.6%
Net debt 166B KRW FY2025

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 50 · Market factors (momentum, volatility) 35

Profitability 28
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 71
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

DRB Holding Co., Ltd. engages in the manufacture and sale of vehicle sealing products, construction materials, and seismic isolation and vibration controls in South Korea and internationally. The company provides glass run/channels, as well as door, body, tailgate, and hood seals.

Full company description

DRB Holding Co., Ltd. engages in the manufacture and sale of vehicle sealing products, construction materials, and seismic isolation and vibration controls in South Korea and internationally. The company provides glass run/channels, as well as door, body, tailgate, and hood seals. It also offers railway products, such as low vibration track systems, ballast mats, platform gap fillers, and rail fastening systems; marine products, including rubber fenders, automatic cable cover belts, and marine accessories; eco-products comprising rubber dams, eco-tanks, multi-function HDPE catch basins, and intercepted flow control devices; and civil engineering and industrial materials, such as submerged gaskets, membranes for tanks, shock mounts, diaphragms, water-proof sheets, sluice seals, gas holders, crash cushions, and door seals. In addition, the company provides isolation systems comprising natural, lead, and high damping rubber bearings; damper systems, including easy/MEED, lintel-type vibration control, SSF, and door and window-type dampers; and structural systems, such as BESTOBEAM composite beam systems, as well as provides engineering services, including performance-based and composite beam design solutions. It also sells its products online. The company was founded in 1945 and is headquartered in Busan, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DRB Holding reported revenue of 803B KRW in FY2025 versus 551B KRW in FY2021, a compound +9.8%/yr. Reported net income was 4.5B KRW in FY2025.

Growth Quality 49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
803B KRW
Latest YoY
+6.7%
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.
+6.6%
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.
+10.1%
Avg. growth/yr (22Y) 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.
+7.2%
Revenue +9.8%/yr
FY21 551B KRW
FY22 662B KRW
FY23 738B KRW
FY24 753B KRW
FY25 803B KRW
Net income
FY21 −4.1B KRW
FY22 1.5B KRW
FY23 15.4B KRW
FY24 9.5B KRW
FY25 4.5B KRW

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Cite: Fair Value Calculator (2026). "DRB Holding Fair Value". https://www.fairvalue-calculator.com/stock/004840

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 53 · Above median
Fair Value upside +58% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets 2% · Below median
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 3% · Below median
Revenue growth 8% · Above median
Dividend yield (TTM) 1.9% · Above median
Debt / equity 0.13× · Higher than median

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 42 · sector 23
PAST 9 · sector 26
HEALTH 94 · sector 95
DIVIDEND 38 · 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.

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

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Frequently asked questions

Is DRB Holding (004840) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 7,080 KRW versus a price of 4,480 KRW, about +58% (undervalued).
What is the fair value of 004840?
Our model-based fair value for DRB Holding is 7,080 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 4,480 KRW.
What is the quality score of 004840?
DRB Holding has a Quality Score of 53/100. 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 DRB Holding (004840)?
DRB Holding reported trailing-twelve-month revenue of about 818B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 004840?
The net profit margin of DRB Holding is about 0.5%, meaning it keeps roughly 0.5% of revenue as net income. Based on the latest reported figures.
Does DRB Holding pay a dividend?
DRB Holding currently shows a dividend yield of about 1.85% 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.

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