Daechang Forgi (015230) Fair Value & Analysis
Consumer Cyclical · KR · Market cap 145B KRW
Fair value as of: Aug 13, 2026
From 13 valuation models · updated 6 days ago
Fair value updated Aug 13, 2026, revised from 18,139 KRW to 13,285 KRW (−26.8%) since Jul 24, 2026. Share price +16.4% over the past month.
A solid business, screening 106% undervalued on our models.
What matters now
- The price is below even our cautious bear case (9,300 KRW). The market is more pessimistic than our downside scenario.
- Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (9,300 KRW to 17,271 KRW) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 2,860 KRW – 8,026 KRW · fair‑value band 9,300 KRW – 17,271 KRW · the 6,450 KRW price screens below the 13,285 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Daechang Forgi (015230) currently trades at 6,450 KRW, while our model-based Fair Value estimate is 13,285 KRW, implying the stock looks roughly 106.0% undervalued today. The Quality Score stands at 57/100 (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: medium), always confirm before acting.
Over the trailing twelve months, Daechang Forgi generated revenue of 357B KRW at a net margin of 8.6%. Revenue grew 12.8% year over year. It earns a return on equity of 9.1%. Fundamentals as of Aug 13, 2026
Our scenario range runs from 9,300 KRW (bear case) to 17,271 KRW (bull case); at 6,450 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 14% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at 106%, 015230 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.
All 13 models by family
Widest divergence: Multiples (20,859 KRW) versus DCF Models (5,641 KRW). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 47
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 Forging Co., Ltd. manufactures and sells various forged products in South Korea and internationally. It offers undercarriage parts for heavy construction equipment, such as excavators and dozers; track group assembly; track rollers and idlers; segments and sprockets; crankshafts; mini excavators; and other parts. Daechang Forging Co., Ltd.
Full company description
Daechang Forging Co., Ltd. manufactures and sells various forged products in South Korea and internationally. It offers undercarriage parts for heavy construction equipment, such as excavators and dozers; track group assembly; track rollers and idlers; segments and sprockets; crankshafts; mini excavators; and other parts. Daechang Forging Co., Ltd. was founded in 1955 and is based in Gimhae-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Daechang Forgi reported revenue of 346B KRW in FY2025 versus 354B KRW in FY2021, a compound −0.6%/yr. Reported net income was 28.8B KRW in FY2025, compounding +2.0%/yr from FY2021.
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Peer Group
Auto Parts · 645 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.
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hyundai Mobis Co 012330 | 511,000 KRW | 643,909 KRW | +26% |
| Magna International Inc MGAN | 1,122 MXN | 1,142 MXN | +2% |
| Samvardhana Motherson International Limited MOTHERSON | ₹169.50 | ₹80.63 | -52% |
| Bosch Limited BOSCHLTD | ₹48,700 | ₹11,534 | -76% |
| Bharat Forge Limited BHARATFORG | ₹2,082 | ₹393.20 | -81% |
| Uno Minda Limited UNOMINDA | ₹1,232 | ₹426.57 | -65% |
| Schaeffler India Limited SCHAEFFLER | ₹4,126 | ₹1,412 | -66% |
| Hankook Tire & Technology Co 161390 | 71,500 KRW | 196,479 KRW | +175% |
| Balkrishna Industries Limited BALKRISIND | ₹2,376 | ₹1,237 | -48% |
| ENDURANCE ENDURANCE | ₹2,987 | ₹1,384 | -54% |
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Frequently asked questions
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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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