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Dong Yang Pipe (008970) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Dong Yang Pipe KRW 168, price KRW 1,340, upside -87.4%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Basic Materials · KR · ISIN KR7008970006

DY Thin data Oct 3, 2026

Dong Yang Pipe

008970 · KO

Weakest SetupStrongly overvalued and low quality.

Low debt
Mixed Growth (revenue YoY −6.2 %/yr in KRW)
Fair value 168.41 KRW · Strongly overvalued (−87.4%)
Quality 36/100
Loss-making · -1.7% net margin (TTM)
Negative free cash flow
Trails peers (2/8)
Narrow moat 13/100
Thin data
⟳ Cyclical⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

3,663 KRW 982.00 KRW Fair Value 168.41 KRW Apr 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.

How to read this chart

60‑month range 982.00 KRW – 3,663 KRW · fair‑value band 78.78 KRW – 258.03 KRW · the 1,340 KRW price screens above the 168.41 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.

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Company profile

Kbi Dong Yang Steel Pipe Co.,Ltd manufactures and sells steel pipes in South Korea, the United States, rest of Asia, Europe, the Middle East, and internationally.

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Kbi Dong Yang Steel Pipe Co.,Ltd manufactures and sells steel pipes in South Korea, the United States, rest of Asia, Europe, the Middle East, and internationally. It offers structural steel pipes for general structural purposes; steel pipes for oil and gas transportation; square and coated steel pipes; and steel pipe piles, as well as heat treatment facility. The company was formerly known as Dong Yang Steel Pipe Co., Ltd. and changed its name to Kbi Dong Yang Steel Pipe Co.,Ltd. The company was founded in 1973 and is headquartered in Cheonan-si, South Korea.

Stock analysis

Dong Yang Pipe (008970) currently trades at 1,340 KRW, while our model-based Fair Value estimate is 168.41 KRW, 87.4% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: 78.78 KRW (bear) to 258.03 KRW (bull), the price of 1,340 KRW sits above 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 36/100 (below-average quality), in the Basic Materials sector.

Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.

Dong Yang Pipe reported revenue of 235B KRW in FY2025 versus 182B KRW in FY2021, a compound +6.6%/yr. Reported net income was −3.1B KRW in FY2025.

Key figures

Market cap 139B KRW (≈ $104M) · P/S ratio 0.53 · Net margin −1.3% · Return on equity −3.5% · Return on assets (EBIT) 1.3% · Operating margin −0.1% · Revenue (TTM) 264B KRW · Revenue growth (YoY) +9.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).

What moves the price

The share trades about 48% below its 52-week high and 36% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −44% fair-value upside, at −87%, 008970 screens richer than that median.

Fair Value models

Bear 78.78 KRW Fair Value 168.41 KRW Bull 258.03 KRW
Price 1,340 KRW · Upside -87.4%
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. 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. 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.
Highest evidence
EV/EBITDA 515.92 KRW 621.36 KRW 726.80 KRW 67
NCAV (Graham) 681.33 KRW 912.98 KRW 1,363 KRW 54
All 2 models by family
Multiples
EV/EBITDA 515.92 KRW 621.36 KRW 726.80 KRW 67
Asset-Based
NCAV (Graham) 681.33 KRW 912.98 KRW 1,363 KRW 54

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Quality Score breakdown

Overall quality 36/100

Of which business quality 36 · Market factors (momentum, volatility) 27

Profitability 23
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
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.
4.3% (2020) → −0.7% (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

008970 screens overvalued: fair value 87% below the price. Compare with Nucor Corporation →

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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 · 401 stocks

Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 36 · Bottom 25%
Fair Value upside −87.4% · Bottom 25%
Profitability
Return on assets 0.8% · Below median
Net margin (TTM) −1.7% · Bottom 25%
Operating margin (TTM) −0.1% · Bottom 25%
Growth and dividend
Revenue growth 9.9% · Above median
Balance sheet
Debt / equity 0.01× · Below median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 20
FUTURE (revenue growth)50 · sector 33
PAST (return on equity)0 · sector 19
HEALTH (low debt)99 · sector 95
DIVIDEND (yield)0 · sector 51

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Nucor Corporation NUE $236.24 $116.49 −51%
ArcelorMittal S.A MT €59.82 €35.15 −41%
Steel Dynamics, Inc STLD $230.39 $127.93 −44%
JSW Steel Limited JSWSTEEL ₹1,233 ₹1,095 −11%
Tata Steel Limited TATASTEEL ₹178.00 ₹147.10 −17%
Reliance, Inc RS $393.04 $211.55 −46%
Baoshan Iron & Steel Co 600019 ¥5.84 ¥8.07 +38%
POSCO Holdings 005490 311,000 KRW 155,270 KRW −50%
Inner Mongolia Baotou Steel Union Co 600010 ¥2.09 ¥0.5300 −75%
Jindal Steel Limited JINDALSTEL ₹1,165 ₹516.27 −56%

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Dong Yang Pipe · Fair Value
168.41 KRW −87%Fair Value
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Cite: Fair Value Calculator (2026). "Dong Yang Pipe Fair Value". https://www.fairvalue-calculator.com/stock/008970

Frequently asked questions

Is Dong Yang Pipe (008970) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 168.41 KRW versus a price of 1,340 KRW, about −87% upside (overvalued).
What is the fair value of 008970?
Our model-based fair value for Dong Yang Pipe is 168.41 KRW (as of Oct 3, 2026), built from audited fundamentals. The current price: 1,340 KRW.
What is the quality score of 008970?
Dong Yang Pipe has a Quality Score of 36/100. 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 Dong Yang Pipe (008970)?
Our model-based price target is the fair value of 168.41 KRW (as of Oct 3, 2026) from 2 valuation models. Cautious scenario 78.78 KRW, optimistic scenario 258.03 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Dong Yang Pipe stock forecast for 2026?
Our models put fair value at 168.41 KRW, about −87% upside versus a price of 1,340 KRW (overvalued). Cautious scenario 78.78 KRW, optimistic scenario 258.03 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Dong Yang Pipe (008970)?
Dong Yang Pipe reported trailing-twelve-month revenue of about 264B KRW (latest available figure, as of Oct 3, 2026).
What is the intrinsic value of Dong Yang Pipe (008970)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dong Yang Pipe it is 168.41 KRW per share (as of Oct 3, 2026), against a price of 1,340 KRW. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Dong Yang Pipe stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 008970 trades above its calculated fair value: price 1,340 KRW, fair value 168.41 KRW, a gap of about −87% (overvalued). 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 008970?
No. The price is what the market pays today (1,340 KRW); the fair value is what the company's own numbers justify (168.41 KRW). For Dong Yang Pipe the two are 1,172 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Dong Yang Pipe worth?
The market values Dong Yang Pipe at about 139B KRW (market capitalisation, as of Oct 3, 2026). Per share that is 1,340 KRW; our models calculate a fair value of 168.41 KRW per share.
What do the bullish and bearish scenarios say about 008970?
Our models span a range for Dong Yang Pipe: cautious scenario 78.78 KRW, base 168.41 KRW, optimistic 258.03 KRW per share (as of Oct 3, 2026, price 1,340 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Dong Yang Pipe (008970)?
Balance-sheet figures for Dong Yang Pipe (as of Oct 3, 2026): return on equity −3.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 008970 from its 52-week high?
Dong Yang Pipe trades at 1,340 KRW, about 48% below its 52-week high of 2,570 KRW and 36% above the low of 982.00 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 168.41 KRW is for.
Which stocks are comparable to Dong Yang Pipe?
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 Dong Yang Pipe stock attractive at the current price?
The data as of Oct 3, 2026: price 1,340 KRW, calculated fair value 168.41 KRW (−87%), Quality Score 36/100, from 2 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 008970 calculated?
We run Dong Yang Pipe through 2 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 168.41 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 14.9 % above its aggregate fair value. Dong Yang Pipe itself currently trades above fair value. 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 Dong Yang Pipe (008970)?
The closing price on Oct 2, 2026 was 1,340 KRW. Our model-based fair value is 168.41 KRW, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dong Yang Pipe right now?
The price sits above even our optimistic bull case (258.03 KRW). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (78.78 KRW to 258.03 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 Dong Yang Pipe

How large is the market capitalisation of Dong Yang Pipe (008970)?
The market capitalisation of Dong Yang Pipe is 139B KRW (≈ $104M). 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 Dong Yang Pipe (008970)?
The price-to-sales ratio of Dong Yang Pipe is 0.53 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Dong Yang Pipe (008970)?
The net margin of Dong Yang Pipe is −1.3% (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 Dong Yang Pipe (008970)?
The return on equity (ROE) of Dong Yang Pipe is −3.5% (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 Dong Yang Pipe (008970)?
On an EBIT basis the return on assets of Dong Yang Pipe is 1.3% (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 Dong Yang Pipe (008970)?
The operating margin of Dong Yang Pipe is −0.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dong Yang Pipe (008970)?
Revenue at Dong Yang Pipe is growing +9.9% versus a year earlier (3y avg −4.1%). 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 Dong Yang Pipe (008970)?
Earnings per share at Dong Yang Pipe are growing −87.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dong Yang Pipe (008970) generate?
The free cash flow of Dong Yang Pipe is −40.2B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Dong Yang Pipe (008970) carry?
The net debt of Dong Yang Pipe is 23.2B KRW (fiscal year 2025). 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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