DB INC (012030) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of DB INC KRW 3,049, price KRW 1,692, upside +80.2%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 698.00 KRW – 2,855 KRW · fair‑value band 1,686 KRW – 5,103 KRW · the 1,692 KRW price screens below the 3,049 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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DB Inc. engages in the IT, trade, consulting, and other business activities. The company offers IT services, such as IT outsourcing, system integration, global business, convergence, and digital transformation.
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DB Inc. engages in the IT, trade, consulting, and other business activities. The company offers IT services, such as IT outsourcing, system integration, global business, convergence, and digital transformation. It also trades chemical products, including synthetic resins, such as PE, PP, PET, and PS/EPS; special resins comprising PU and PC; and iron and steel products comprising cold-rolled and hot-rolled steel sheets, tin plates, ferro-alloys, and beam products. In addition, the company offers human resource services for talent development consulting and online and offline education. The company was formerly known as Dongbu Inc. and changed its name to DB Inc. in October 2017. DB Inc. was founded in 1977 and is headquartered in Seoul, South Korea.
Stock analysis
DB INC (012030) currently trades at 1,692 KRW, while our model-based Fair Value estimate is 3,049 KRW, implying the stock looks roughly 44.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 5,654 KRW per share, and 20 of the 24 models we run sit above the 1,692 KRW price.
Bear case: the Economic Profit group reads lowest at 1,466 KRW, and 4 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 1,686 KRW (bear) to 5,103 KRW (bull), the price of 1,692 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 42/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
DB INC reported revenue of 643B KRW in FY2025 versus 327B KRW in FY2021, a compound +18.4%/yr. Reported net income was 49.2B KRW in FY2025, compounding +22.7%/yr from FY2021.
Key figures
Market cap 323B KRW (≈ $238M) · P/S ratio 0.44 · Net margin 7.6% · Return on equity 12.7% · Return on assets (EBIT) 4.3% · Operating margin 11.2% · Revenue (TTM) 668B KRW · Revenue growth (YoY) +17.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 29% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 53% fair-value upside, at 80%, 012030 screens cheaper than that median.
Fair Value models
Bear 1,686 KRWFair Value 3,049 KRWBull 5,103 KRW
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.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.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.5%
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.
+17.0%
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.
+18.8%
Start year 2020 (pandemic). Over 10 years: +12.2% a year
Revenue growth 14 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.
+1.7%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+55.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+55.7%
Dividend (yield on the price)0.0%
Profit margin 2019 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.8% → 7%
2025 sits 143% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+35.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +33.1% 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.Information Technology Services · 498 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+80% · Top 25%
Profitability
Return on equity (TTM)13% · Above median
Return on assets3% · Below median
Net margin (TTM)9% · Above median
Operating margin (TTM)11% · Above median
Growth and dividend
Revenue growth18% · Above median
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "DB INC Fair Value". https://www.fairvalue-calculator.com/stock/012030
Frequently asked questions
Is DB INC (012030) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3,049 KRW versus a price of 1,692 KRW, about +80% upside (undervalued).
What is the fair value of 012030?
Our model-based fair value for DB INC is 3,049 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,692 KRW.
What is the quality score of 012030?
DB INC has a Quality Score of 42/100. 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 DB INC (012030)?
Our model-based price target is the fair value of 3,049 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 1,686 KRW, optimistic scenario 5,103 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the DB INC stock forecast for 2026?
Our models put fair value at 3,049 KRW, about +80% upside versus a price of 1,692 KRW (undervalued). Cautious scenario 1,686 KRW, optimistic scenario 5,103 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of DB INC (012030)?
DB INC reported trailing-twelve-month revenue of about 668B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into DB INC (012030)?
For today's price to be fair in a discounted-cash-flow model, DB INC would have to grow free cash flow by +35.9 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 012030 use?
Our models discount DB INC at 12.5 %: a base by market capitalisation (micro), damped by beta 0.79, 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 DB INC that is +35.9 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has DB INC (012030) delivered so far?
Over the past 5 years revenue at DB INC grew +18.8 % a year. The price currently implies +35.9 % per year free-cash-flow growth a 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 DB INC (012030) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into DB INC (+35.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of DB INC (012030)?
The free-cash-flow yield on the price is 3.48 %: that much free cash flow DB INC produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of DB INC (012030)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DB INC it is 3,049 KRW per share (as of Sep 24, 2026), against a price of 1,692 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is DB INC stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 012030 trades below its calculated fair value: price 1,692 KRW, fair value 3,049 KRW, a gap of about +80% (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 012030?
No. The price is what the market pays today (1,692 KRW); the fair value is what the company's own numbers justify (3,049 KRW). For DB INC the two are 1,357 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is DB INC worth?
The market values DB INC at about 323B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 1,692 KRW; our models calculate a fair value of 3,049 KRW per share.
What do the bullish and bearish scenarios say about 012030?
Our models span a range for DB INC: cautious scenario 1,686 KRW, base 3,049 KRW, optimistic 5,103 KRW per share (as of Sep 24, 2026, price 1,692 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of DB INC (012030)?
Balance-sheet figures for DB INC (as of Sep 24, 2026): return on equity 12.7%, debt of 0.15 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 012030 from its 52-week high?
DB INC trades at 1,692 KRW, about 30% below its 52-week high of 2,400 KRW and 29% above the low of 1,311 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 3,049 KRW is for.
Which stocks are comparable to DB INC?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys 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 DB INC stock attractive at the current price?
The data as of Sep 24, 2026: price 1,692 KRW, calculated fair value 3,049 KRW (+80%), Quality Score 42/100, 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 012030 calculated?
We run DB INC through 24 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 3,049 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 13.0 % above its aggregate fair value. DB INC currently trades 80 % 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 DB INC (012030)?
The closing price on Sep 23, 2026 was 1,692 KRW. Our model-based fair value is 3,049 KRW, about +80% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DB INC right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (1,686 KRW to 5,103 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of DB INC
How large is the market capitalisation of DB INC (012030)?
The market capitalisation of DB INC is 323B KRW (≈ $238M). 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 DB INC (012030)?
The price-to-sales ratio of DB INC is 0.44 (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 DB INC (012030)?
The net margin of DB INC is 7.6% (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 DB INC (012030)?
The return on equity (ROE) of DB INC is 12.7% (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 DB INC (012030)?
On an EBIT basis the return on assets of DB INC is 4.3% (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 DB INC (012030)?
The operating margin of DB INC is 11.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DB INC (012030)?
Revenue at DB INC is growing +17.5% versus a year earlier (3y avg +17.0%). 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 DB INC (012030)?
Earnings per share at DB INC are growing +40.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does DB INC (012030) carry?
The net debt of DB INC is 273B KRW (fiscal year 2025, ≈ 24.3 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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