EN DE

Dongwon Systems Corporation (014820) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 566B KRW

DS Dongwon Systems Corporation 014820 · KO
Price22,250 KRW
Fair Value31,473 KRW
Upside+41.5%
Quality56/100
Watch Dongwon Systems Corporation for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 4.3% net margin
Low debt · generates free cash flow
1.57% dividend yield
Ranks above peers (6/10)
Narrow moat 35/100
Evidence: High Range 23,605 KRW – 39,341 KRW Share as image

Fair value as of: Jul 24, 2026

From 24 valuation models · updated 17 days ago

Share price +10.7% over the past month.

A solid business, screening 41% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (23,605 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

65,654 KRW 17,960 KRW Fair Value 31,473 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 17,960 KRW – 65,654 KRW · fair‑value band 23,605 KRW – 39,341 KRW · the 22,250 KRW price screens below the 31,473 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 →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Dongwon Systems Corporation (014820) currently trades at 22,250 KRW, while our model-based Fair Value estimate is 31,473 KRW, implying the stock looks roughly 41.5% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Cyclical 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, Dongwon Systems Corporation generated revenue of 1.4T KRW at a net margin of 4.3%. Revenue grew 0.3% year over year. It earns a return on equity of 6.9%. Net debt stands at 306B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 23,605 KRW (bear case) to 39,341 KRW (bull case); at 22,250 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 30% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at 41%, 014820 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 29,403 KRW 43,068 KRW 63,212 KRW 80
Residual Income 23,969 KRW 24,992 KRW 26,158 KRW 76
Rev-Margin DCF 23,281 KRW 35,214 KRW 48,552 KRW 74
All 24 models by family
DCF Models
FCF DCF 28,651 KRW 43,625 KRW 66,883 KRW 38
Owner Earnings 31,551 KRW 48,086 KRW 73,767 KRW 31
5Y Revenue Exit 23,281 KRW 34,989 KRW 49,562 KRW 39
5Y EBITDA Exit 34,186 KRW 54,918 KRW 78,635 KRW 41
5Y P/E Exit 24,070 KRW 36,432 KRW 49,006 KRW 38
10Y Revenue Exit 24,290 KRW 35,448 KRW 49,688 KRW 36
10Y EBITDA Exit 31,980 KRW 49,428 KRW 71,908 KRW 37
10Y P/E Exit 25,444 KRW 36,460 KRW 49,264 KRW 35
Earnings-Based
Graham-Dodd 12,589 KRW 34,611 KRW 45,426 KRW 54
Lynch FV 6,881 KRW 9,831 KRW 12,780 KRW 50
PEG = 1.0 6,881 KRW 9,831 KRW 12,780 KRW 46
EPV 17,750 KRW 20,737 KRW 23,391 KRW 59
Multiples
P/E Multiple 23,605 KRW 31,473 KRW 39,341 KRW 63
P/S Multiple 23,605 KRW 31,473 KRW 39,341 KRW 58
P/B Multiple 23,605 KRW 31,473 KRW 39,341 KRW 55
EV/EBIT 24,789 KRW 32,775 KRW 40,762 KRW 53
EV/EBITDA 41,803 KRW 55,462 KRW 69,120 KRW 54
EV/Revenue 21,594 KRW 30,493 KRW 39,393 KRW 43
Asset-Based
NCAV (Graham) 14,868 KRW 19,923 KRW 29,736 KRW 50
Growth DCF
Growth DCF 29,403 KRW 43,068 KRW 63,212 KRW 80
Rev-Margin DCF 23,281 KRW 35,214 KRW 48,552 KRW 74
Economic Profit
Residual Income 23,969 KRW 24,992 KRW 26,158 KRW 76
ROIC Compounder 17,750 KRW 20,737 KRW 23,391 KRW 72
Growth Earnings
Growth-Adj P/E 19,124 KRW 27,320 KRW 35,516 KRW 68

Widest divergence: DCF Models (36,460 KRW) versus Earnings-Based (9,831 KRW). Highest evidence: Growth DCF (80).

Notify me when 014820 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 1.4T KRW
Revenue growth (YoY) +0.3%
Net margin 4.3%
Return on equity 6.9%
Free cash flow 69.4B KRW FY2025
Operating margin 3.9%
More key figures
Dividend yield 1.4%
EPS growth (YoY) +52.8%
Net debt 306B KRW FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 55 · Market factors (momentum, volatility) 30

Profitability 35
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 19
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

Dongwon Systems Corporation, a packaging company, manufactures and markets packaging materials in South Korea. The company offers flexible packaging products for food, beverage, and non-food packaging applications; glass bottles; aluminum cans, such as two-piece steel can bodies and bottle cans; and PET bottles, including non-pressure, heat resistance, heat …

Full company description

Dongwon Systems Corporation, a packaging company, manufactures and markets packaging materials in South Korea. The company offers flexible packaging products for food, beverage, and non-food packaging applications; glass bottles; aluminum cans, such as two-piece steel can bodies and bottle cans; and PET bottles, including non-pressure, heat resistance, heat pressure resistance, and pressure resistance, as well as preforms. It also provides steel cans comprising two-piece steel can body and EOE/sanitary end products; and paper boxes that include bag-type and triangle cases, bottle neck sleeves, carton boxes, and one and one cases. In addition, the company offers display material protective and industrial films; hygienic films; aluminum packaging products, including electric and electronic materials, general packaging, air conditioner materials, automotive materials, and al-pastes; aseptic drink packaging for concoction and health functional beverages, formula, and soy milk; and secondary battery products, such as cathode foils and cylindrical cans. Further, it exports its products. The company was founded in 1977 and is headquartered in Seoul, South Korea. Dongwon Systems Corporation operates as a subsidiary of Dongwon Industries Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dongwon Systems Corporation reported revenue of 1.4T KRW in FY2025 versus 1.3T KRW in FY2021, a compound +2.4%/yr. Reported net income was 53.7B KRW in FY2025, compounding +7.7%/yr from FY2021.

Growth Quality 64/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.4T KRW
Latest YoY
+2.9%
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.
−1.5%
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.
+4.9%
Avg. growth/yr (16Y) 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.
+8.4%
Revenue +2.4%/yr
FY21 1.3T KRW
FY22 1.4T KRW
FY23 1.3T KRW
FY24 1.3T KRW
FY25 1.4T KRW
Net income +7.7%/yr
FY21 39.9B KRW
FY22 72.3B KRW
FY23 64.2B KRW
FY24 72.4B KRW
FY25 53.7B KRW

Watch 014820: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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 Systems Corporation Fair Value". https://www.fairvalue-calculator.com/stock/014820

Peer Group

Packaging & Containers · 272 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 56 · Above median
Fair Value upside +42% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth 0% · Above median
Dividend yield (TTM) 1.6% · Below median
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Packaging & Containers 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 89 · sector 9
FUTURE 2 · sector 1
PAST 28 · sector 21
HEALTH 92 · sector 92
DIVIDEND 31 · sector 42

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 Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥29.10 ¥20.88 -28%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
PT Panca Budi Idaman Tbk, PBID 486.00 IDR 885.39 IDR +82%

Compare Dongwon Systems Corporation with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Dongwon Systems Corporation (014820) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 31,473 KRW versus a price of 22,250 KRW, about +41% (undervalued).
What is the fair value of 014820?
Our model-based fair value for Dongwon Systems Corporation is 31,473 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 22,250 KRW.
What is the quality score of 014820?
Dongwon Systems Corporation has a Quality Score of 56/100. 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 Dongwon Systems Corporation (014820)?
Dongwon Systems Corporation reported trailing-twelve-month revenue of about 1.4T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 014820?
The net profit margin of Dongwon Systems Corporation is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.
Does Dongwon Systems Corporation pay a dividend?
Dongwon Systems Corporation currently shows a dividend yield of about 1.37% relative to its recent price (as of Jul 24, 2026).

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.

14 days Pro free · no card

Track Dongwon Systems Corporation and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.