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Daiyang Metal Co (009190) Fair Value & Analysis

Basic Materials · KR · Market cap 76.2B KRW

DM Daiyang Metal Co 009190 · KO
Price1,803 KRW
Fair Value2,238 KRW
Upside+24.2%
Quality50/100
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Mixed Growth
Thin margins · 5.4% net margin
Low debt · generates free cash flow
Ranks above peers (8/9)
Narrow moat 36/100
Evidence: High Range 2,017 KRW – 3,507 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 2,246 KRW to 2,238 KRW (−0.3%) since Jul 6, 2026. Share price −17.9% over the past month.

A solid business, screening 24% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (2,017 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (50/100) 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)

6,140 KRW 1,096 KRW Fair Value 2,238 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 1,096 KRW – 6,140 KRW · fair‑value band 2,017 KRW – 3,507 KRW · the 1,803 KRW price screens below the 2,238 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

Daiyang Metal Co (009190) currently trades at 1,803 KRW, while our model-based Fair Value estimate is 2,238 KRW, implying the stock looks roughly 24.2% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Basic Materials 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: high), always confirm before acting.

Over the trailing twelve months, Daiyang Metal Co generated revenue of 224B KRW at a net margin of 5.4%. Revenue grew 1.3% year over year. It earns a return on equity of 12.6%. Net debt stands at 4.5B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 2,017 KRW (bear case) to 3,507 KRW (bull case); at 1,803 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 29% below its 52-week high and 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at 24%, 009190 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
Growth DCF 293.52 KRW 407.76 KRW 566.48 KRW 80
Residual Income 1,972 KRW 2,169 KRW 3,047 KRW 76
ROIC Compounder 1,035 KRW 1,203 KRW 1,349 KRW 72
All 24 models by family
DCF Models
FCF DCF 287.04 KRW 412.21 KRW 595.11 KRW 38
Owner Earnings 2,761 KRW 4,082 KRW 6,012 KRW 31
5Y Revenue Exit 825.39 KRW 1,406 KRW 2,144 KRW 39
5Y EBITDA Exit 967.48 KRW 1,663 KRW 2,462 KRW 41
5Y P/E Exit 1,662 KRW 2,921 KRW 4,212 KRW 38
10Y Revenue Exit 589.37 KRW 1,072 KRW 1,707 KRW 36
10Y EBITDA Exit 712.92 KRW 1,247 KRW 1,943 KRW 37
10Y P/E Exit 1,150 KRW 2,105 KRW 3,240 KRW 35
Earnings-Based
Graham-Dodd 1,453 KRW 3,807 KRW 4,968 KRW 54
PEG = 1.0 726.97 KRW 1,039 KRW 1,350 KRW 46
EPV 1,035 KRW 1,203 KRW 1,349 KRW 59
Dividend Discount
Gordon GGM 795.47 KRW 1,611 KRW 2,624 KRW 70
DDM Multi-Stage 795.47 KRW 1,225 KRW 1,686 KRW 61
Multiples
P/E Multiple 2,725 KRW 3,633 KRW 4,541 KRW 63
P/S Multiple 2,725 KRW 3,633 KRW 4,541 KRW 58
P/B Multiple 2,725 KRW 3,633 KRW 4,541 KRW 55
EV/EBIT 1,370 KRW 1,817 KRW 2,264 KRW 53
EV/EBITDA 1,525 KRW 2,024 KRW 2,523 KRW 54
EV/Revenue 1,191 KRW 1,689 KRW 2,188 KRW 43
Asset-Based
NCAV (Graham) 1,138 KRW 1,525 KRW 2,276 KRW 50
Growth DCF
Growth DCF 293.52 KRW 407.76 KRW 566.48 KRW 80
Economic Profit
Residual Income 1,972 KRW 2,169 KRW 3,047 KRW 76
ROIC Compounder 1,035 KRW 1,203 KRW 1,349 KRW 72
Growth Earnings
Growth-Adj P/E 2,171 KRW 3,102 KRW 4,032 KRW 68

Widest divergence: Growth Earnings (3,102 KRW) versus Growth DCF (407.76 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 224B KRW
Revenue growth (YoY) +1.3%
Net margin 5.4%
Return on equity 12.6%
Free cash flow 1.0B KRW FY2025
Operating margin 1.9%
More key figures
Net debt 4.5B KRW FY2025

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 48 · Market factors (momentum, volatility) 55

Profitability 48
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 30
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

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Daiyang Metal Co 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.

Growth Quality 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
223B KRW
Latest YoY
+3.7%
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.
−4.3%
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.
+9.7%
Avg. growth/yr (26Y) 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.
+3.0%
Revenue +2.4%/yr
FY21 203B KRW
FY22 255B KRW
FY23 201B KRW
FY24 216B KRW
FY25 223B KRW
Net income −11.4%/yr
FY21 15.2B KRW
FY22 8.7B KRW
FY23 −35.3B KRW
FY24 −15.3B KRW
FY25 9.4B KRW

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Cite: Fair Value Calculator (2026). "Daiyang Metal Co Fair Value". https://www.fairvalue-calculator.com/stock/009190

Peer Group

Steel · 378 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 50 · Above median
Fair Value upside +24% · Above median
Return on equity (TTM) 13% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 2% · Below median
Revenue growth 1% · Above median
Debt / equity 0.10× · Lower than median

Valuation Multiples vs Steel median · lower = cheaper

P/FCF 0.1× · Cheaper than 75% of peers

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 66 · sector 19
FUTURE 7 · sector 4
PAST 51 · sector 15
HEALTH 95 · sector 95
DIVIDEND 0 · sector 41

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.

Similar stocks

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

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is Daiyang Metal Co (009190) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 2,238 KRW versus a price of 1,803 KRW, about +24% (undervalued).
What is the fair value of 009190?
Our model-based fair value for Daiyang Metal Co is 2,238 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,803 KRW.
What is the quality score of 009190?
Daiyang Metal Co has a Quality Score of 50/100. 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 Daiyang Metal Co (009190)?
Daiyang Metal Co reported trailing-twelve-month revenue of about 224B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 009190?
The net profit margin of Daiyang Metal Co is about 5.4%, meaning it keeps roughly 5.4% of revenue as net income. Based on the latest reported figures.

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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