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Daechang Co (012800) Fair Value & Analysis

Industrials · KR · Market cap 86.5B KRW

DC Daechang Co 012800 · KO
Price1,217 KRW
Fair Value706.16 KRW
Upside-42.0%
Quality46/100
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Expensive Growth
Thin margins · 0.8% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 32/100
Evidence: High Range 529.62 KRW – 882.72 KRW Share as image

Fair value as of: Jul 24, 2026

From 15 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 473.88 KRW to 706.16 KRW (+49.0%) since Jul 6, 2026. Share price +5.4% over the past month.

Below-average quality, and screening another 42% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (882.72 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

2,792 KRW 982.00 KRW Fair Value 706.16 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 982.00 KRW – 2,792 KRW · fair‑value band 529.62 KRW – 882.72 KRW · the 1,217 KRW price screens above the 706.16 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.

Full chart & analysis →

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Analysis

Daechang Co (012800) currently trades at 1,217 KRW, while our model-based Fair Value estimate is 706.16 KRW, implying the stock looks roughly 42.0% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Daechang Co generated revenue of 1.5T KRW at a net margin of 0.8%. Revenue grew 15.2% year over year. It earns a return on equity of 4.4%. Net debt stands at 443B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 529.62 KRW (bear case) to 882.72 KRW (bull case); at 1,217 KRW, the current price sits above 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 42% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at -42%, 012800 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
Residual Income 2,541 KRW 2,383 KRW 1,699 KRW 76
ROIC Compounder 4,378 KRW 5,627 KRW 7,072 KRW 72
Gordon GGM 275.46 KRW 486.37 KRW 752.91 KRW 70
All 15 models by family
Earnings-Based
Graham-Dodd 189.55 KRW 454.09 KRW 585.91 KRW 54
PEG = 1.0 79.61 KRW 113.73 KRW 147.85 KRW 46
EPV 4,288 KRW 5,174 KRW 5,949 KRW 59
Dividend Discount
Gordon GGM 275.46 KRW 486.37 KRW 752.91 KRW 70
DDM Multi-Stage 275.46 KRW 410.77 KRW 559.29 KRW 61
Multiples
P/E Multiple 355.41 KRW 473.88 KRW 592.36 KRW 63
P/S Multiple 355.41 KRW 473.88 KRW 592.36 KRW 58
P/B Multiple 355.41 KRW 473.88 KRW 592.36 KRW 55
EV/EBIT 5,484 KRW 7,653 KRW 9,822 KRW 53
EV/EBITDA 4,443 KRW 6,265 KRW 8,087 KRW 54
EV/Revenue 4,616 KRW 7,033 KRW 9,450 KRW 43
Asset-Based
NCAV (Graham) 1,863 KRW 2,496 KRW 3,725 KRW 50
Economic Profit
Residual Income 2,541 KRW 2,383 KRW 1,699 KRW 76
ROIC Compounder 4,378 KRW 5,627 KRW 7,072 KRW 72
Growth Earnings
Growth-Adj P/E 275.04 KRW 392.91 KRW 510.78 KRW 68

Widest divergence: Asset-Based (2,496 KRW) versus Growth Earnings (392.91 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.5T KRW
Revenue growth (YoY) +15.2%
Net margin 0.8%
Return on equity 4.4%
Free cash flow −24.1B KRW FY2025
Operating margin 5.6%
More key figures
EPS growth (YoY) +267%
Net debt 443B KRW FY2025

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 42 · Market factors (momentum, volatility) 28

Profitability 34
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 16
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

Daechang Co., Ltd., together with its subsidiaries, produces and sells brass-related products in Korea. The company offers its products under the BRASSONE brand. Its products are used as materials for parts of semiconductor, electrics and electronics, car, vessel, machine, etc. The company was formerly known as Daechang Industrial Co., Ltd.

Full company description

Daechang Co., Ltd., together with its subsidiaries, produces and sells brass-related products in Korea. The company offers its products under the BRASSONE brand. Its products are used as materials for parts of semiconductor, electrics and electronics, car, vessel, machine, etc. The company was formerly known as Daechang Industrial Co., Ltd. and changed its name to Daechang Co., Ltd. in 2010. Daechang Co., Ltd. was founded in 1974 and is headquartered in Siheung-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Daechang Co reported revenue of 1.5T KRW in FY2025 versus 1.3T KRW in FY2021, a compound +3.6%/yr. Reported net income was 2.1B KRW in FY2025, compounding −46.5%/yr from FY2021.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.5T KRW
Latest YoY
+10.0%
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.
+0.7%
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.
+9.5%
Avg. growth/yr (15Y) 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.
+4.1%
Revenue +3.6%/yr
FY21 1.3T KRW
FY22 1.4T KRW
FY23 1.3T KRW
FY24 1.3T KRW
FY25 1.5T KRW
Net income −46.5%/yr
FY21 26.0B KRW
FY22 3.7B KRW
FY23 −19.4B KRW
FY24 4.4B KRW
FY25 2.1B KRW

012800 screens 42% overvalued. Compare with Carpenter Technology Corporation →

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Cite: Fair Value Calculator (2026). "Daechang Co Fair Value". https://www.fairvalue-calculator.com/stock/012800

Peer Group

Metal Fabrication · 244 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 46 · Below median
Fair Value upside −42% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 4% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 6% · Above median
Revenue growth 15% · Above median
Debt / equity 0.36× · Higher than 75% of peers

Valuation Multiples vs Metal Fabrication median · lower = cheaper

EV/EBITDA 1.1× · 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 0 · sector 0
FUTURE 76 · sector 36
PAST 17 · sector 21
HEALTH 82 · sector 95
DIVIDEND 0 · sector 25

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

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.

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Frequently asked questions

Is Daechang Co (012800) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 706.16 KRW versus a price of 1,217 KRW, about −42% (overvalued).
What is the fair value of 012800?
Our model-based fair value for Daechang Co is 706.16 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 1,217 KRW.
What is the quality score of 012800?
Daechang Co has a Quality Score of 46/100. 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 Daechang Co (012800)?
Daechang Co reported trailing-twelve-month revenue of about 1.5T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 012800?
The net profit margin of Daechang Co is about 0.8%, meaning it keeps roughly 0.8% 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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