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DB Inc (012030) Fair Value & Analysis

Technology · KR · Market cap 294B KRW

DI DB Inc 012030 · KO
Price1,555 KRW
Fair Value3,105 KRW
Upside+99.7%
Quality42/100
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Expensive Growth
Thin margins · 8.6% net margin
Low debt · generates free cash flow
Ranks above peers (6/9)
Moderate moat 45/100
Evidence: High Range 2,177 KRW – 5,469 KRW Share as image

Fair value as of: Jul 24, 2026

From 26 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 3,110 KRW to 3,105 KRW (−0.2%) since Jul 6, 2026. Share price −3.1% over the past month.

Below-average quality, screening 100% undervalued on our models.

What matters 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 price is below even our cautious bear case (2,177 KRW). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (2,177 KRW to 5,469 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

2,855 KRW 698.00 KRW Fair Value 3,105 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 698.00 KRW – 2,855 KRW · fair‑value band 2,177 KRW – 5,469 KRW · the 1,555 KRW price screens below the 3,105 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

DB Inc (012030) currently trades at 1,555 KRW, while our model-based Fair Value estimate is 3,105 KRW, implying the stock looks roughly 99.7% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Technology 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, DB Inc generated revenue of 668B KRW at a net margin of 8.6%. Revenue grew 17.5% year over year. It earns a return on equity of 12.7%. Net debt stands at 273B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 2,177 KRW (bear case) to 5,469 KRW (bull case); at 1,555 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 39% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 100%, 012030 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 781.38 KRW 1,405 KRW 2,521 KRW 80
Residual Income 2,145 KRW 2,524 KRW 5,648 KRW 76
Rev-Margin DCF 1,587 KRW 2,984 KRW 4,768 KRW 74
All 26 models by family
DCF Models
FCF DCF 782.87 KRW 1,445 KRW 2,637 KRW 38
Owner Earnings 3,417 KRW 6,276 KRW 11,427 KRW 31
5Y Revenue Exit 1,587 KRW 3,044 KRW 5,056 KRW 39
5Y EBITDA Exit 1,698 KRW 3,272 KRW 5,263 KRW 41
5Y P/E Exit 2,693 KRW 5,306 KRW 8,317 KRW 38
10Y Revenue Exit 1,251 KRW 2,570 KRW 4,647 KRW 36
10Y EBITDA Exit 1,396 KRW 2,740 KRW 4,823 KRW 37
10Y P/E Exit 2,068 KRW 4,258 KRW 7,419 KRW 35
Earnings-Based
Graham-Dodd 1,750 KRW 7,881 KRW 10,804 KRW 54
Lynch FV 2,055 KRW 2,936 KRW 3,817 KRW 50
PEG = 1.0 2,055 KRW 2,936 KRW 3,817 KRW 46
EPV 1,835 KRW 2,160 KRW 2,450 KRW 59
Dividend Discount
Gordon GGM 86.60 KRW 189.06 KRW 318.10 KRW 70
DDM Multi-Stage 86.60 KRW 154.87 KRW 197.03 KRW 61
Multiples
P/E Multiple 3,860 KRW 5,147 KRW 6,434 KRW 63
P/S Multiple 3,281 KRW 4,375 KRW 5,469 KRW 58
P/B Multiple 3,281 KRW 4,375 KRW 5,469 KRW 55
EV/EBIT 2,929 KRW 3,909 KRW 4,889 KRW 53
EV/EBITDA 2,287 KRW 3,053 KRW 3,819 KRW 54
EV/Revenue 1,971 KRW 2,820 KRW 3,669 KRW 43
Asset-Based
NCAV (Graham) 1,176 KRW 1,575 KRW 2,351 KRW 50
Growth DCF
Growth DCF 781.38 KRW 1,405 KRW 2,521 KRW 80
Rev-Margin DCF 1,587 KRW 2,984 KRW 4,768 KRW 74
Economic Profit
Residual Income 2,145 KRW 2,524 KRW 5,648 KRW 76
ROIC Compounder 1,835 KRW 2,160 KRW 2,597 KRW 72
Growth Earnings
Growth-Adj P/E 3,250 KRW 4,643 KRW 6,035 KRW 68

Widest divergence: Growth Earnings (4,643 KRW) versus Dividend Discount (154.87 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 668B KRW
Revenue growth (YoY) +17.5%
Net margin 8.6%
Return on equity 12.7%
Free cash flow 11.3B KRW FY2025
Operating margin 11.2%
More key figures
EPS growth (YoY) +39.6%
Net debt 273B KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 41 · Market factors (momentum, volatility) 35

Profitability 38
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 82
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
643B KRW
Latest YoY
+9.5%
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.
+17.0%
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.
+18.8%
Avg. growth/yr (14Y) 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.
+1.7%
Revenue +18.4%/yr
FY21 327B KRW
FY22 401B KRW
FY23 459B KRW
FY24 587B KRW
FY25 643B KRW
Net income +22.7%/yr
FY21 21.7B KRW
FY22 5.7B KRW
FY23 20.3B KRW
FY24 92.3B KRW
FY25 49.2B KRW

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Cite: Fair Value Calculator (2026). "DB Inc Fair Value". https://www.fairvalue-calculator.com/stock/012030

Peer Group

Information Technology Services · 475 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 42 · Bottom 25%
Fair Value upside +100% · Top 25%
Return on equity (TTM) 13% · Above median
Return on assets 3% · Below median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 18% · Above median
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/FCF 0.0× · 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 100 · sector 21
FUTURE 88 · sector 31
PAST 51 · sector 37
HEALTH 93 · sector 97
DIVIDEND 0 · sector 37

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is DB Inc (012030) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 3,105 KRW versus a price of 1,555 KRW, about +100% (undervalued).
What is the fair value of 012030?
Our model-based fair value for DB Inc is 3,105 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 1,555 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 revenue of DB Inc (012030)?
DB Inc reported trailing-twelve-month revenue of about 668B KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 012030?
The net profit margin of DB Inc is about 8.6%, meaning it keeps roughly 8.6% 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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