DongWon Development Co.Ltd (013120) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of DongWon Development Co.Ltd stock KRW 3,221, price KRW 1,932, upside +66.7%, quality 53 out of 100. Rating: strongly undervalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 1,932 KRW – 5,816 KRW · fair‑value band 2,255 KRW – 4,187 KRW · the 1,932 KRW price screens below the 3,221 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 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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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 1,932 KRW, while our model-based Fair Value estimate is 3,221 KRW, implying the stock looks roughly 40% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 11,437 KRW per share, and 9 of the 15 models we run sit above the 1,932 KRW price.
Bear case: the Dividend Discount group reads lowest at 689.88 KRW, and 6 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 2,255 KRW (bear) to 4,187 KRW (bull), the price of 1,932 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 53/100 (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 172B KRW (≈ $127M) Micro · P/E ratio 6.5 · P/S ratio 0.51 · EPS (TTM) 294.96 KRW · Dividend yield 4.7% · Net margin 7.7% · Return on equity 2.5% · Return on assets (EBIT) 4.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 67%, 013120 screens cheaper than that median.
Fair Value models
Bear2,255 KRWFair Value 3,221 KRWBull4,187 KRW
Price 1,932 KRW · Upside +66.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (175.76 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.14/100
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.
−16.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.7%
Dividend (yield on the price)4.7%
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.−20.7% vs −12.2%, 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%
Pace: the 5-year rate starts in 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 · 489 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+66.7% · Above median
Profitability
Return on equity (12 months)2.5% · Below median
Return on assets1.8% · Below median
Net margin (12 months)7.7% · Below median
Operating margin (12 months)2.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)−33.8% · Bottom 25%
Dividend yield (12 months)4.7% · Above median
Balance sheet
Debt / equity0.11× · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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 Nov 8, 2026, our model estimates a fair value of 3,221 KRW versus a price of 1,932 KRW, about +67% upside (undervalued).
What is the fair value of 013120?
Our model-based fair value for DongWon Development Co.Ltd is 3,221 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 1,932 KRW.
What is the quality score of 013120?
DongWon Development Co.Ltd has a Quality Score of 53/100. 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 3,221 KRW (as of Nov 8, 2026) from 15 valuation models. Cautious scenario 2,255 KRW, optimistic scenario 4,187 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 3,221 KRW, about +67% upside versus a price of 1,932 KRW (undervalued). Cautious scenario 2,255 KRW, optimistic scenario 4,187 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 335B KRW (latest available figure, as of Nov 8, 2026).
Does DongWon Development Co.Ltd pay a dividend?
DongWon Development Co.Ltd currently shows a dividend yield of 4.66% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of DongWon Development Co.Ltd (013120) and when is the ex-dividend date?
DongWon Development Co.Ltd pays a dividend of 90.00 KRW per share a year, a dividend yield of 4.7%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2011. The payout ratio is 30.5% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
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 3,221 KRW per share (as of Nov 8, 2026), against a price of 1,932 KRW. It is the blended result of 15 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is DongWon Development Co.Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 013120 trades below its calculated fair value: price 1,932 KRW, fair value 3,221 KRW, a gap of about +67% (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 (1,932 KRW); the fair value is what the company's own numbers justify (3,221 KRW). For DongWon Development Co.Ltd the two are 1,289 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 172B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 1,932 KRW; our models calculate a fair value of 3,221 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 2,255 KRW, base 3,221 KRW, optimistic 4,187 KRW per share (as of Nov 8, 2026, price 1,932 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 013120?
DongWon Development Co.Ltd trades at a price-to-earnings ratio of 6.5 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3,221 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 4.4. Other multiples: P/B 0.2, P/S 0.5, EV/EBITDA 6.4.
How solid is the balance sheet of DongWon Development Co.Ltd (013120)?
Balance-sheet figures for DongWon Development Co.Ltd (as of Nov 8, 2026): return on equity 2.5%, debt of 0.11 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 013120 from its 52-week high?
DongWon Development Co.Ltd trades at 1,932 KRW, about 43% below its 52-week high of 3,365 KRW and at the low of 1,932 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3,221 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, CK Asset Holdings, DLF 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 DongWon Development Co.Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price 1,932 KRW, calculated fair value 3,221 KRW (+67%), Quality Score 53/100, from 15 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 15 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 3,221 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. DongWon Development Co.Ltd currently trades 40% 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 Nov 6, 2026 was 1,932 KRW. Our model-based fair value is 3,221 KRW, about +67% 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 (2,255 KRW). The market is more pessimistic than our downside scenario. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (2,255 KRW to 4,187 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 172B KRW (≈ $127M). 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 0.51 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DongWon Development Co.Ltd (013120)?
Earnings per share at DongWon Development Co.Ltd are 294.96 KRW (price ÷ EPS = P/E 6.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DongWon Development Co.Ltd (013120)?
The dividend yield of DongWon Development Co.Ltd is 4.7% (payout 30.5%). 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 7.7% (last twelve months). 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 2.5% (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 2.8% (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 −33.8% 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 −5.5% 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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Some data
Nov 8, 2026