Dongwon Ind (006040) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Dongwon Ind stock KRW 91,928, price KRW 35,650, upside +157.9%, quality 49 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 6, 2026.
How to read this chart
60‑month range 23,050 KRW – 50,439 KRW · fair‑value band 42,776 KRW – 120,353 KRW · the 35,650 KRW price screens below the 91,928 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Dongwon Industries Co., Ltd. engages in the marine and fisheries, distribution, and logistics businesses in South Korea and internationally. The company operates through General Food, Seasoning Distribution, Feed Sector segments.
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It operates tuna purse seiners in the Western and Central Pacific Ocean, and the Indian Ocean to catch skipjack and yellowfin tuna fishes; tuna longliners in the Pacific Ocean and the Indian Ocean to catch yellowfin and bigeye tunas; trawler in the Antarctic Ocean to catch krill and pelagic fish; and reefer carriers.
It involves in import and export of marine products and general cargo, and offers canned food, refrigerated food, ham, and dairy products. The company also processes and distributes tuna and salmon; and distributes fisheries goods.
In addition, it operates Dongwon Tuna Restaurant, a franchise restaurant. Further, the company engages in wholesale and retail of sauces, group meals, food, and livestock distribution; and processing and storage of edible seaweed. Additionally, it manufactures livestock product mixed feed.
The company was founded in 1969 and is headquartered in Seoul, South Korea. Dongwon Industries Co., Ltd. operates as a subsidiary of Dongwon Enterprise Co., Ltd.
Stock analysis
Dongwon Ind (006040) currently trades at 35,650 KRW, while our model-based Fair Value estimate is 91,928 KRW, implying the stock looks roughly 61% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 192,029 KRW per share, and 22 of the 24 models we run sit above the 35,650 KRW price.
Bear case: the Dividend Discount group reads lowest at 25,779 KRW, and 2 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 42,776 KRW (bear) to 120,353 KRW (bull), the price of 35,650 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 49/100 (below-average quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Dongwon Ind reported revenue of 9.6T KRW in FY2025 versus 2.8T KRW in FY2021, a compound +36.0%/yr. Reported net income was 367B KRW in FY2025, compounding +21.4%/yr from FY2021.
Key figures
Market cap 1.6T KRW (≈ $1.2B) Small · P/E ratio 3.6 · P/S ratio 0.16 · EPS (TTM) 9,770 KRW · Dividend yield 3.4% · Net margin 4.3% · Return on equity 12.1% · Return on assets (EBIT) 7.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at 158%, 006040 screens cheaper than that median.
Fair Value models
Bear42,776 KRWFair Value 91,928 KRWBull120,353 KRW
Price 35,650 KRW · Upside +157.9%
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 (7,349 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.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.1%
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.
+2.0%
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.
+27.4%
Start year 2020 (pandemic). Over 10 years: +21.6% a year
Revenue growth 18 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.
+18.5%
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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. Basis: EBIT basis. 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.
≈ −27.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−31.3%
Dividend (yield on the price)3.4%
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.−30.0% vs −9.4%, slowing
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.10% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 15.1%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Rate on operating basis: 2025 sits 117% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
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).
+24.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +22.1% a year for the price and +1.6% for the forecasts.
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.Packaged Foods · 625 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+155.0% · Top 25%
Profitability
Return on equity (12 months)12.1% · Above median
Return on assets4.7% · Above median
Net margin (12 months)4.3% · Above median
Operating margin (12 months)5.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)9.0% · Above median
Dividend yield (12 months)3.4% · Above median
Balance sheet
Debt / equity0.26× · Above median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/E (12 months)3.6× · Cheapest 25%
P/B0.45× · Cheapest 25%
P/S (12 months)0.16× · Cheapest 25%
Price / free cash flow (fiscal year)17.6× · 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). "Dongwon Ind Fair Value". https://www.fairvalue-calculator.com/stock/006040
Frequently asked questions
Is Dongwon Ind (006040) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 91,928 KRW versus a price of 35,650 KRW, about +158% upside (undervalued).
What is the fair value of 006040?
Our model-based fair value for Dongwon Ind is 91,928 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 35,650 KRW.
What is the quality score of 006040?
Dongwon Ind has a Quality Score of 49/100. 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 Dongwon Ind (006040)?
Our model-based price target is the fair value of 91,928 KRW (as of Nov 6, 2026) from 24 valuation models. Cautious scenario 42,776 KRW, optimistic scenario 120,353 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Dongwon Ind stock forecast for 2026?
Our models put fair value at 91,928 KRW, about +158% upside versus a price of 35,650 KRW (undervalued). Cautious scenario 42,776 KRW, optimistic scenario 120,353 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Dongwon Ind (006040)?
Dongwon Ind reported trailing-twelve-month revenue of about 10.0T KRW (latest available figure, as of Nov 6, 2026).
Does Dongwon Ind pay a dividend?
Dongwon Ind currently shows a dividend yield of 3.37% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Dongwon Ind (006040) and when is the ex-dividend date?
Dongwon Ind pays a dividend of 1,200 KRW per share a year, a dividend yield of 3.4%. The last ex-dividend date was Aug 28, 2026. The payout ratio is 12.3% of earnings. Free cash flow covers the dividend 1.71 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 Dongwon Ind (006040)?
For today's price to be fair in a discounted-cash-flow model, Dongwon Ind would have to grow free cash flow by +24.6 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 006040 use?
Our models discount Dongwon Ind at 10.2 %: a base by market capitalisation (small), damped by beta 0.13, 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 Dongwon Ind that is +24.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Dongwon Ind (006040) delivered so far?
Over the past 5 years revenue at Dongwon Ind grew +27.4 % a year. The price currently implies free-cash-flow growth of +24.6 % 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 Dongwon Ind (006040) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Dongwon Ind (+24.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Dongwon Ind (006040)?
The free-cash-flow yield on the price is 5.74 %: that much free cash flow Dongwon Ind produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dongwon Ind (006040)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dongwon Ind it is 91,928 KRW per share (as of Nov 6, 2026), against a price of 35,650 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 Dongwon Ind stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 006040 trades below its calculated fair value: price 35,650 KRW, fair value 91,928 KRW, a gap of about +158% (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 006040?
No. The price is what the market pays today (35,650 KRW); the fair value is what the company's own numbers justify (91,928 KRW). For Dongwon Ind the two are 56,278 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Dongwon Ind worth?
The market values Dongwon Ind at about 1.6T KRW (market capitalisation, as of Nov 6, 2026). Per share that is 35,650 KRW; our models calculate a fair value of 91,928 KRW per share.
What do the bullish and bearish scenarios say about 006040?
Our models span a range for Dongwon Ind: cautious scenario 42,776 KRW, base 91,928 KRW, optimistic 120,353 KRW per share (as of Nov 6, 2026, price 35,650 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 006040?
Dongwon Ind trades at a price-to-earnings ratio of 3.6 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 91,928 KRW is built from several models across several years. Other multiples: P/B 0.5, P/S 0.2, EV/EBITDA 2.4.
How solid is the balance sheet of Dongwon Ind (006040)?
Balance-sheet figures for Dongwon Ind (as of Nov 6, 2026): return on equity 12.1%, debt of 0.26 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 006040 from its 52-week high?
Dongwon Ind trades at 35,650 KRW, about 24% below its 52-week high of 46,965 KRW and 21% above the low of 29,572 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 91,928 KRW is for.
Which stocks are comparable to Dongwon Ind?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, 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 Dongwon Ind stock attractive at the current price?
The data as of Nov 6, 2026: price 35,650 KRW, calculated fair value 91,928 KRW (+158%), Quality Score 49/100, 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 006040 calculated?
We run Dongwon Ind 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 91,928 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. Dongwon Ind currently trades 61% 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 Dongwon Ind (006040)?
The closing price on Nov 9, 2026 was 35,650 KRW. Our model-based fair value is 91,928 KRW, about +158% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dongwon Ind right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (42,776 KRW). The market is more pessimistic than our downside scenario. The model range is unusually wide (42,776 KRW to 120,353 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Dongwon Ind
How large is the market capitalisation of Dongwon Ind (006040)?
The market capitalisation of Dongwon Ind is 1.6T KRW (≈ $1.2B). 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 Dongwon Ind (006040)?
The price-to-sales ratio of Dongwon Ind is 0.16 (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 Dongwon Ind (006040)?
Earnings per share at Dongwon Ind are 9,770 KRW (price ÷ EPS = P/E 3.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dongwon Ind (006040)?
The dividend yield of Dongwon Ind is 3.4% (payout 12.3%). 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 Dongwon Ind (006040)?
The net margin of Dongwon Ind is 4.3% (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 Dongwon Ind (006040)?
The return on equity (ROE) of Dongwon Ind is 12.1% (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 Dongwon Ind (006040)?
On an EBIT basis the return on assets of Dongwon Ind is 7.0% (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 Dongwon Ind (006040)?
The operating margin of Dongwon Ind is 5.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dongwon Ind (006040)?
Revenue at Dongwon Ind is growing +9.0% versus a year earlier (3y avg +2.0%). 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 Dongwon Ind (006040)?
Earnings per share at Dongwon Ind are growing +10.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Dongwon Ind (006040) carry?
The net debt of Dongwon Ind is 2.2T KRW (fiscal year 2025, ≈ 23.9 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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Thin data
Nov 6, 2026