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Data-driven stock valuation

Dongwon Metal (018500) fair value: what the stock is really worth

We calculate from audited financials what Dongwon Metal is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Consumer Cyclical · KR · Market cap 64.2B KRW (≈ $44.9M) · ISIN KR7018500009

At a glance

DM Dongwon Metal 018500 · KO
Price1,438 KRW
Fair Value1,130 KRW
Upside−21.4%
Quality44/100

Below-average quality, and trading another 27% above our fair value of 1,130 KRW.

As of Aug 13, 2026, the fair value of Dongwon Metal is 1,130 KRW per share against a price of 1,438 KRW, so the fair value sits 21% below the price. A model estimate from reported figures, not an analyst target.

!Expensive Growth (revenue 5y +12.3 %/yr)
!Thin margins · 5.9% net margin
!Low debt · negative free cash flow
·3.48% dividend yield
!Mixed vs. peers (5/9)
!Moderate moat 48/100
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 5 out of 100
Evidence: Medium Range 847.51 KRW to 1,413 KRW

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 24 days ago

Fair value updated Aug 13, 2026, revised from 1,170 KRW to 1,130 KRW (−3.5%) since Jul 24, 2026. Share price +2.1% over the past month.

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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The price sits above our optimistic bull case: the favourable scenario is already priced in.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

3,637 KRW 682.69 KRW Fair Value 1,130 KRW Apr 2021 Sep 2026

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 682.69 KRW – 3,637 KRW · fair‑value band 847.51 KRW – 1,413 KRW · the 1,438 KRW price screens above the 1,130 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.

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Analysis

Dongwon Metal (018500) currently trades at 1,438 KRW, while our model-based Fair Value estimate is 1,130 KRW, implying the stock looks roughly 27.3% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Consumer Cyclical sector. Bull case: the Economic Profit group reads highest at a median of 7,266 KRW per share, and 14 of the 14 models we run sit above the 1,438 KRW price. Bear case: the Asset-Based group reads lowest at 2,575 KRW, and 0 of the 14 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Dongwon Metal generated revenue of 644B KRW at a net margin of 6.1%. Revenue grew 4.7% year over year. It earns a return on equity of 27.8%. Net debt stands at 202B KRW. Fundamentals as of Aug 13, 2026

Scenario range: 847.51 KRW (bear) to 1,413 KRW (bull), the price of 1,438 KRW sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 27% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −38% fair-value upside, at −21%, 018500 screens cheaper than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

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
EPV best evidence 5,607 KRW 6,677 KRW 7,613 KRW 74
ROIC Compounder 5,958 KRW 7,782 KRW 9,988 KRW 72
EV/EBITDA 16,164 KRW 21,823 KRW 27,481 KRW 67
All 14 models by family
Earnings-Based
Graham-Dodd 5,680 KRW 17,184 KRW 22,788 KRW 65
Lynch FV 3,666 KRW 5,237 KRW 6,808 KRW 61
PEG = 1.0 3,666 KRW 5,237 KRW 6,808 KRW 57
EPV best evidence 5,607 KRW 6,677 KRW 7,613 KRW 74
Multiples
P/E Multiple 13,782 KRW 18,376 KRW 22,970 KRW 63
P/S Multiple 10,650 KRW 14,200 KRW 17,750 KRW 58
P/B Multiple 10,650 KRW 14,200 KRW 17,750 KRW 55
EV/EBIT 9,298 KRW 12,669 KRW 16,039 KRW 66
EV/EBITDA 16,164 KRW 21,823 KRW 27,481 KRW 67
EV/Revenue 6,003 KRW 8,924 KRW 11,845 KRW 53
Asset-Based
NCAV (Graham) 1,922 KRW 2,575 KRW 3,844 KRW 54
Economic Profit
Residual Income 5,458 KRW 7,266 KRW 31,911 KRW 64
ROIC Compounder 5,958 KRW 7,782 KRW 9,988 KRW 72
Growth Earnings
Growth-Adj P/E 11,233 KRW 16,048 KRW 20,862 KRW 67

Widest divergence: Growth Earnings (16,048 KRW) versus Asset-Based (2,575 KRW). Highest evidence: EPV (74).

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Key figures & financial health

P/S ratio 0.10 TTM
Dividend yield 3.5%
Net margin 5.9% FY2026
Return on equity 25.0% TTM
Return on assets (EBIT) 7.1% avg 5y
Operating margin 3.4% TTM
More key figures
Growth
Revenue (TTM) 660B KRW TTM
Revenue growth (YoY) +9.6% 3y avg +7.0%
EPS growth (YoY) −1.0%
Balance sheet & cash flow
Free cash flow −11.8B KRW FY2026
Net debt 202B KRW FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 44 · Market factors (momentum, volatility) 40

Profitability 55
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 21
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 36
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Dongwon Metal Co., Ltd. engages in the production and sale of automobile parts and steel pipes in the United States, Europe, and Asia.

Full company description

Dongwon Metal Co., Ltd. engages in the production and sale of automobile parts and steel pipes in the United States, Europe, and Asia. The company offers door frames, door inner assemblies, bumper and impact beams, cowl cross members, fem carriers, battery frames, roll forming products, and press products; and equipment plants, such as roll forming machines, bending machines, welding jigs, and saw cutting machines, as well as automatic production line products. It also provides structural steel pipes for special purposes; aluminum galvanized steel pipes for vehicle structures; square and rectangular steel pipes for general structure purposes; stainless steel pipes for fuel gas piping; high corrosion resistance steel pipes; and steel pipes for hydroforming. In addition, the company offers carbon steel, C section, and spiral weld steel pipes. The company was founded in 1971 and is headquartered in Gyeongsan-si, South Korea.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Dongwon Metal reported revenue of 660B KRW in FY2026 versus 387B KRW in FY2022, a compound +14.2%/yr. Reported net income was 39.0B KRW in FY2026, compounding +14.6%/yr from FY2022.

Growth Quality 53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
660B KRW
Latest YoY
+5.3%
Avg. revenue 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.
+7.0%
Avg. revenue 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.
+12.3%
Avg. revenue growth/yr (26Y) 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.
+6.5%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. 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.
≈ +5.5%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+2.0%
Dividend yield3.5%
Trend 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.5Y 14.5% vs 10Y 39.5%, flattening
Operating margin (EBIT) 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.−0.3% (2021) → 5.3% (2026) · rising
Worst earnings drop1,988% (2009) (loss year, drop beyond 100%) · in KRW
⚠ Final year 2026 sits 114% above trend (one-off), rate on operating basis
Revenue +14.2%/yr
FY22 387B KRW
FY23 539B KRW
FY24 568B KRW
FY25 626B KRW
FY26 660B KRW
Net income +14.6%/yr
FY22 22.7B KRW
FY23 18.2B KRW
FY24 18.3B KRW
FY25 21.2B KRW
FY26 39.0B KRW
Character of growth · EPS growth decomposed (2011-2022) +2.5 % p.a.
Revenue per share −3.3 %

of which total revenue +1.4 % · buybacks/dilution −4.7 %

EBIT margin +2.9 %
Tax rate +1.5 %
Residual (interest, one-offs) +1.6 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

018500 screens 27% overvalued. Compare with O'Reilly Automotive, Inc →

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Cite: Fair Value Calculator (2026). "Dongwon Metal Fair Value". https://www.fairvalue-calculator.com/stock/018500

Peer Group

Auto Parts · 641 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.

Valuation
Quality Score 44 · Bottom 25%
Fair Value upside −21% · Below median
Profitability
Return on equity (TTM) 25% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 3% · Below median
Growth and dividend
Revenue growth 10% · Above median
Dividend yield (TTM) 3.5% · Above median
Balance sheet
Debt / equity 0.46× · Highest 25%

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE5 · sector 15
FUTURE48 · sector 21
PAST100 · sector 28
HEALTH77 · sector 95
DIVIDEND70 · sector 32

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

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
O'Reilly Automotive, Inc ORLY $88.50 $47.50 −46%
AutoZone, Inc AZO $2,983 $2,287 −23%
Hyundai Mobis Co 012330 450,500 KRW 643,909 KRW +43%
Fuyao Glass Industry Group 600660 ¥57.67 ¥84.47 +46%
Samvardhana Motherson International Limited MOTHERSON ₹165.30 ₹80.63 −51%
Magna International Inc MGA $65.57 $68.17 +4%
Genuine Parts Company GPC $138.08 $58.07 −58%
Bosch Limited BOSCHLTD ₹48,700 ₹11,534 −76%
Ningbo Tuopu Group 601689 ¥45.82 ¥28.28 −38%
Bharat Forge Limited BHARATFORG ₹2,063 ₹393.20 −81%

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Frequently asked questions

Is Dongwon Metal (018500) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1,130 KRW versus a price of 1,438 KRW, about −21% upside (overvalued).
What is the fair value of 018500?
Our model-based fair value for Dongwon Metal is 1,130 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 1,438 KRW.
What is the quality score of 018500?
Dongwon Metal has a Quality Score of 44/100. 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 Metal (018500)?
Our model-based price target is the fair value of 1,130 KRW (as of Aug 13, 2026) from 14 valuation models. Cautious scenario 847.51 KRW, optimistic scenario 1,413 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Dongwon Metal stock forecast for 2026?
Our models put fair value at 1,130 KRW, about −21% upside versus a price of 1,438 KRW (overvalued). Cautious scenario 847.51 KRW, optimistic scenario 1,413 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Dongwon Metal (018500)?
Dongwon Metal reported trailing-twelve-month revenue of about 644B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 018500?
The net profit margin of Dongwon Metal is about 6.1%, meaning it keeps roughly 6.1% of revenue as net income. Based on the latest reported figures.
Does Dongwon Metal pay a dividend?
Dongwon Metal currently shows a dividend yield of about 3.48% relative to its recent price (as of Aug 13, 2026).
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