Daiyang Metal (009190) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Daiyang Metal stock KRW 971, price KRW 830, upside +17.0%, quality 52 out of 100. Rating: undervalued. Calculated from audited financials with 22 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 5, 2026.
How to read this chart
60‑month range 555.00 KRW – 6,140 KRW · fair‑value band 643.70 KRW – 1,435 KRW · the 830.00 KRW price screens below the 970.69 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Daiyang Metal Co., Ltd., together with its subsidiaries, manufactures and sells steel products worldwide. It offers stainless steel cold-rolled plates for the automotive, shipbuilding, construction, machinery, kitchen furniture, home appliances, IT, electronics, and telecom industries.
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It is involved in the paper industry, real estate development, and finance. Daiyang Metal Co., Ltd. was founded in 1973 and is headquartered in Yesan-Eup, South Korea.
Stock analysis
Daiyang Metal (009190) currently trades at 830.00 KRW, while our model-based Fair Value estimate is 970.69 KRW, implying the stock looks roughly 14% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 3,065 KRW per share, and 20 of the 22 models we run sit above the 830.00 KRW price.
Bear case: the Growth DCF group reads lowest at 808.25 KRW, and 2 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: 643.70 KRW (bear) to 1,435 KRW (bull), the price of 830.00 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 52/100 (solid 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.
Daiyang Metal reported revenue of 223B KRW in FY2025 versus 203B KRW in FY2021, a compound +2.4%/yr. Reported net income was 9.4B KRW in FY2025, compounding −11.4%/yr from FY2021.
Key figures
Market cap 35.8B KRW (≈ $26.5M) Micro · P/E ratio 6.3 · P/S ratio 0.16 · EPS (TTM) 131.14 KRW · Net margin 2.9% · Return on equity 12.6% · Return on assets (EBIT) 3.3% (5-year average) · Operating margin 4.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 64% below its 52-week high and 50% 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 17%, 009190 screens cheaper than that median.
Fair Value models
Bear643.70 KRWFair Value 970.69 KRWBull1,435 KRW
Price 830.00 KRW · Upside +17.0%
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 (112.45 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.
Best data coverage
FCF DCF577.29 KRW817.20 KRW1,149 KRW81
Growth DCF589.61 KRW808.25 KRW1,096 KRW79
Owner Earnings1,439 KRW2,055 KRW2,906 KRW77
All 22 models by family
DCF Models
FCF DCF577.29 KRW817.20 KRW1,149 KRW81
Owner Earnings1,439 KRW2,055 KRW2,906 KRW77
5Y Revenue Exit917.72 KRW1,484 KRW2,194 KRW72
5Y EBITDA Exit1,056 KRW1,732 KRW2,500 KRW75
5Y P/E Exit1,729 KRW2,944 KRW4,179 KRW70
10Y Revenue Exit748.23 KRW1,221 KRW1,829 KRW66
10Y EBITDA Exit864.87 KRW1,386 KRW2,049 KRW68
10Y P/E Exit1,277 KRW2,189 KRW3,254 KRW63
Earnings-Based
Graham-Dodd1,453 KRW3,673 KRW4,773 KRW65
PEG = 1.0679.10 KRW970.14 KRW1,261 KRW57
EPV983.93 KRW1,134 KRW1,263 KRW74
Multiples
P/E Multiple2,725 KRW3,633 KRW4,541 KRW63
P/S Multiple2,725 KRW3,633 KRW4,541 KRW58
P/B Multiple2,401 KRW3,202 KRW4,002 KRW55
EV/EBIT1,239 KRW1,686 KRW2,134 KRW66
EV/EBITDA1,394 KRW1,893 KRW2,393 KRW67
EV/Revenue1,060 KRW1,558 KRW2,057 KRW53
Asset-Based
NCAV (Graham)882.46 KRW1,337 KRW1,671 KRW54
Growth DCF
Growth DCF589.61 KRW808.25 KRW1,096 KRW79
Economic Profit
Residual Income1,951 KRW2,123 KRW2,504 KRW71
ROIC Compounder983.93 KRW1,134 KRW1,263 KRW72
Growth Earnings
Growth-Adj P/E2,145 KRW3,065 KRW3,984 KRW67
The fair value above starts from this blend and is adjusted for a cyclical peak 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
+3.7%
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.
−4.3%
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.
+9.7%
Start year 2020 (pandemic)
Revenue growth 26 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.
+3.0%
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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. 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.
−7.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.4%
Dividend (yield on the price)0.0%
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.1% → 3%
⚠ Revenue per share shrinking 11.2%/yr over ~8Y (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.
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).
+21.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +19.0% 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 · 410 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside+17.0% · Above median
Profitability
Return on equity (12 months)12.6% · Top 25%
Return on assets6.5% · Top 25%
Net margin (12 months)2.9% · Above median
Operating margin (12 months)4.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)−7.1% · Bottom 25%
Balance sheet
Debt / equity0.10× · Above median
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). "Daiyang Metal Fair Value". https://www.fairvalue-calculator.com/stock/009190
Frequently asked questions
Is Daiyang Metal (009190) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 970.69 KRW versus the last price from Oct 28, 2026 of 830.00 KRW, about +17% upside (undervalued).
What is the fair value of 009190?
Our model-based fair value for Daiyang Metal is 970.69 KRW (as of Nov 5, 2026), built from audited fundamentals. Last price (from Oct 28, 2026): 830.00 KRW.
What is the quality score of 009190?
Daiyang Metal has a Quality Score of 52/100. 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 Daiyang Metal (009190)?
Our model-based price target is the fair value of 970.69 KRW (as of Nov 5, 2026) from 22 valuation models. Cautious scenario 643.70 KRW, optimistic scenario 1,435 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Daiyang Metal stock forecast for 2026?
Our models put fair value at 970.69 KRW, about +17% upside versus the last price from Oct 28, 2026 of 830.00 KRW (undervalued). Cautious scenario 643.70 KRW, optimistic scenario 1,435 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Daiyang Metal (009190)?
Daiyang Metal reported trailing-twelve-month revenue of about 220B KRW (latest available figure, as of Nov 5, 2026).
What growth is priced into Daiyang Metal (009190)?
For today's price to be fair in a discounted-cash-flow model, Daiyang Metal would have to grow free cash flow by +21.5 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.7 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 009190 use?
Our models discount Daiyang Metal at 9.6 %: a base by market capitalisation (nano), damped by beta 0.77, 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 Daiyang Metal that is +21.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Daiyang Metal (009190) delivered so far?
Over the past 5 years revenue at Daiyang Metal grew +9.7 % a year. The price currently implies free-cash-flow growth of +21.5 % 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 Daiyang Metal (009190) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Daiyang Metal (+21.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Daiyang Metal (009190)?
The free-cash-flow yield on the price is 2.91 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Daiyang Metal produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Daiyang Metal (009190)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Daiyang Metal it is 970.69 KRW per share (as of Nov 5, 2026), against a price of 830.00 KRW. It is the blended result of 22 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Daiyang Metal stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 009190 trades below its calculated fair value: price 830.00 KRW, fair value 970.69 KRW, a gap of about +17% (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 009190?
No. The price is what the market pays today (830.00 KRW); the fair value is what the company's own numbers justify (970.69 KRW). For Daiyang Metal the two are 140.69 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Daiyang Metal worth?
The market values Daiyang Metal at about 35.8B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 830.00 KRW; our models calculate a fair value of 970.69 KRW per share.
What do the bullish and bearish scenarios say about 009190?
Our models span a range for Daiyang Metal: cautious scenario 643.70 KRW, base 970.69 KRW, optimistic 1,435 KRW per share (as of Nov 5, 2026, price 830.00 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 009190?
Daiyang Metal trades at a price-to-earnings ratio of 6.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 970.69 KRW is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2017 to 2025), reported earnings: 9.2. Other multiples: P/B 0.4, P/S 0.2, EV/EBITDA 3.6.
How solid is the balance sheet of Daiyang Metal (009190)?
Balance-sheet figures for Daiyang Metal (as of Nov 5, 2026): return on equity 12.6%, debt of 0.10 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 009190 from its 52-week high?
Daiyang Metal trades at 830.00 KRW, about 64% below its 52-week high of 2,315 KRW and 50% above the low of 555.00 KRW (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 970.69 KRW is for.
Which stocks are comparable to Daiyang Metal?
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 Daiyang Metal stock attractive at the current price?
The data as of Nov 5, 2026: price 830.00 KRW, calculated fair value 970.69 KRW (+17%), Quality Score 52/100, from 22 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 009190 calculated?
We run Daiyang Metal through 22 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 970.69 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. Daiyang Metal currently trades 14% 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 Daiyang Metal (009190)?
The latest price we hold is from Oct 28, 2026 and stands at 830.00 KRW. Our model-based fair value is 970.69 KRW, about +17% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Daiyang Metal right now?
A fairly wide model range (643.70 KRW to 1,435 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 Daiyang Metal
How large is the market capitalisation of Daiyang Metal (009190)?
The market capitalisation of Daiyang Metal is 35.8B KRW (≈ $26.5M). 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 Daiyang Metal (009190)?
The price-to-sales ratio of Daiyang Metal 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 Daiyang Metal (009190)?
Earnings per share at Daiyang Metal are 131.14 KRW (price ÷ EPS = P/E 6.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Daiyang Metal (009190)?
The net margin of Daiyang Metal is 2.9% (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 Daiyang Metal (009190)?
The return on equity (ROE) of Daiyang Metal is 12.6% (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 Daiyang Metal (009190)?
On an EBIT basis the return on assets of Daiyang Metal is 3.3% (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 Daiyang Metal (009190)?
The operating margin of Daiyang Metal is 4.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Daiyang Metal (009190)?
Revenue at Daiyang Metal is growing −7.1% versus a year earlier (3y avg −4.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Daiyang Metal (009190) carry?
The net debt of Daiyang Metal is 4.5B KRW (fiscal year 2025, ≈ 4.3 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 5, 2026