DongWon Development Co.Ltd (013120) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of DongWon Development Co.Ltd KRW 3,220, price KRW 2,080, upside +54.8%, quality 52 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 2,010 KRW – 5,816 KRW · fair‑value band 2,254 KRW – 4,186 KRW · the 2,080 KRW price screens below the 3,220 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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DongWon Development Co.,Ltd. operates as a construction company in South Korea. The company's housing business includes apartments and residential space projects; and civil engineering projects, including highways, bridges, tunnels, subways, railroads, and industrial complexes.
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DongWon Development Co.,Ltd. operates as a construction company in South Korea. The company's housing business includes apartments and residential space projects; and civil engineering projects, including highways, bridges, tunnels, subways, railroads, and industrial complexes. It constructs power, factories, warehouses, and seawater desalination, as well as advanced technical manpower. The company was formerly known as Dongwon Housing Co., Ltd. and changed its name to Dongwon Development Co., Ltd. in 1978. DongWon Development Co.,Ltd. was founded in 1975 and is headquartered in Busan, South Korea.
Stock analysis
DongWon Development Co.Ltd (013120) currently trades at 2,080 KRW, while our model-based Fair Value estimate is 3,220 KRW, implying the stock looks roughly 35.4% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 8,092 KRW per share, and 10 of the 13 models we run sit above the 2,080 KRW price.
Bear case: the Earnings-Based group reads lowest at 1,395 KRW, and 3 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: 2,254 KRW (bear) to 4,186 KRW (bull), the price of 2,080 KRW sits below 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 Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
DongWon Development Co.Ltd reported revenue of 387B KRW in FY2025 versus 417B KRW in FY2021, a compound −1.9%/yr. Reported net income was 26.2B KRW in FY2025, compounding −22.5%/yr from FY2021.
Key figures
Market cap 186B KRW (≈ $136M) · P/S ratio 0.31 · Dividend yield 4.3% · Net margin 6.8% · Return on equity 11.2% · Return on assets (EBIT) 4.0% · Operating margin 7.3% · Revenue (TTM) 636B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 55%, 013120 screens cheaper than that median.
Fair Value models
Bear 2,254 KRWFair Value 3,220 KRWBull 4,186 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.19/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−25.6%
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.
−13.7%
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.
−9.3%
Start year 2020 (pandemic). Over 10 years: −2.8% a year
Revenue growth 11 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.
+1.2%
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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.
−16.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.7%
Dividend (yield on the price)4.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−21% vs −12%, slowing
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.30% → 4%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 1.1%/yr over ~7Y (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.
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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.Real Estate - Development · 577 stocks
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). "DongWon Development Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/013120
Frequently asked questions
Is DongWon Development Co.Ltd (013120) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3,220 KRW versus a price of 2,080 KRW, about +55% upside (undervalued).
What is the fair value of 013120?
Our model-based fair value for DongWon Development Co.Ltd is 3,220 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,080 KRW.
What is the quality score of 013120?
DongWon Development Co.Ltd 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 DongWon Development Co.Ltd (013120)?
Our model-based price target is the fair value of 3,220 KRW (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 2,254 KRW, optimistic scenario 4,186 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the DongWon Development Co.Ltd stock forecast for 2026?
Our models put fair value at 3,220 KRW, about +55% upside versus a price of 2,080 KRW (undervalued). Cautious scenario 2,254 KRW, optimistic scenario 4,186 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of DongWon Development Co.Ltd (013120)?
DongWon Development Co.Ltd reported trailing-twelve-month revenue of about 636B KRW (latest available figure, as of Sep 24, 2026).
Does DongWon Development Co.Ltd pay a dividend?
DongWon Development Co.Ltd currently shows a dividend yield of about 4.33% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of DongWon Development Co.Ltd (013120)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DongWon Development Co.Ltd it is 3,220 KRW per share (as of Sep 24, 2026), against a price of 2,080 KRW. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is DongWon Development Co.Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 013120 trades below its calculated fair value: price 2,080 KRW, fair value 3,220 KRW, a gap of about +55% (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 013120?
No. The price is what the market pays today (2,080 KRW); the fair value is what the company's own numbers justify (3,220 KRW). For DongWon Development Co.Ltd the two are 1,140 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is DongWon Development Co.Ltd worth?
The market values DongWon Development Co.Ltd at about 186B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 2,080 KRW; our models calculate a fair value of 3,220 KRW per share.
What do the bullish and bearish scenarios say about 013120?
Our models span a range for DongWon Development Co.Ltd: cautious scenario 2,254 KRW, base 3,220 KRW, optimistic 4,186 KRW per share (as of Sep 24, 2026, price 2,080 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of DongWon Development Co.Ltd (013120)?
Balance-sheet figures for DongWon Development Co.Ltd (as of Sep 24, 2026): return on equity 11.2%, debt of 0.11 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 013120 from its 52-week high?
DongWon Development Co.Ltd trades at 2,080 KRW, about 38% below its 52-week high of 3,365 KRW and 3% above the low of 2,010 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 3,220 KRW is for.
Which stocks are comparable to DongWon Development Co.Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 DongWon Development Co.Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 2,080 KRW, calculated fair value 3,220 KRW (+55%), Quality Score 52/100, from 13 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 013120 calculated?
We run DongWon Development Co.Ltd through 13 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 3,220 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. DongWon Development Co.Ltd currently trades 55 % 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 DongWon Development Co.Ltd (013120)?
The closing price on Sep 23, 2026 was 2,080 KRW. Our model-based fair value is 3,220 KRW, about +55% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DongWon Development Co.Ltd right now?
The price is below even our cautious bear case (2,254 KRW). The market is more pessimistic than our downside scenario. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (2,254 KRW to 4,186 KRW) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of DongWon Development Co.Ltd
How large is the market capitalisation of DongWon Development Co.Ltd (013120)?
The market capitalisation of DongWon Development Co.Ltd is 186B KRW (≈ $136M). 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 DongWon Development Co.Ltd (013120)?
The price-to-sales ratio of DongWon Development Co.Ltd is 0.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of DongWon Development Co.Ltd (013120)?
The dividend yield of DongWon Development Co.Ltd is 4.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of DongWon Development Co.Ltd (013120)?
The net margin of DongWon Development Co.Ltd is 6.8% (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 DongWon Development Co.Ltd (013120)?
The return on equity (ROE) of DongWon Development Co.Ltd is 11.2% (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 DongWon Development Co.Ltd (013120)?
On an EBIT basis the return on assets of DongWon Development Co.Ltd is 4.0% (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 DongWon Development Co.Ltd (013120)?
The operating margin of DongWon Development Co.Ltd is 7.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DongWon Development Co.Ltd (013120)?
Revenue at DongWon Development Co.Ltd is growing −18.0% versus a year earlier (3y avg −13.7%). 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 DongWon Development Co.Ltd (013120)?
Earnings per share at DongWon Development Co.Ltd are growing +6.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does DongWon Development Co.Ltd (013120) generate?
The free cash flow of DongWon Development Co.Ltd is −44.2B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does DongWon Development Co.Ltd (013120) carry?
The net debt of DongWon Development Co.Ltd is 38.3B KRW (fiscal year 2025). 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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