Samwon Steel (023000) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Samwon Steel KRW 4,041, price KRW 2,195, upside +84.1%, quality 61 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 1,937 KRW – 3,520 KRW · fair‑value band 3,306 KRW – 5,024 KRW · the 2,195 KRW price screens below the 4,041 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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SAMWONSTEEL Co.,Ltd. manufactures and sells bars and spring materials for the automotive industry South Korea and internationally. It offers round and square edge flat bars, round bars, peeled bars, centerless ground bars, pipes, and parabolic and multi-leaf springs for automobiles. The company also provides coil springs, and stabilizer and torsion bars.
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SAMWONSTEEL Co.,Ltd. manufactures and sells bars and spring materials for the automotive industry South Korea and internationally. It offers round and square edge flat bars, round bars, peeled bars, centerless ground bars, pipes, and parabolic and multi-leaf springs for automobiles. The company also provides coil springs, and stabilizer and torsion bars. The company was founded in 1992 and is headquartered in Pohang, South Korea.
Stock analysis
Samwon Steel (023000) currently trades at 2,195 KRW, while our model-based Fair Value estimate is 4,041 KRW, implying the stock looks roughly 45.7% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 4,362 KRW per share, and 19 of the 21 models we run sit above the 2,195 KRW price.
Bear case: the Earnings-Based group reads lowest at 1,332 KRW, and 2 of the 21 models stay below the price. Evidence for this calculation is medium.
Scenario range: 3,306 KRW (bear) to 5,024 KRW (bull), the price of 2,195 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 61/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Samwon Steel reported revenue of 359B KRW in FY2025 versus 300B KRW in FY2021, a compound +4.6%/yr. Reported net income was 10.7B KRW in FY2025, compounding +5.0%/yr from FY2021.
Key figures
Market cap 87.2B KRW (≈ $64.1M) · P/S ratio 0.24 · Dividend yield 5.0% · Net margin 3.0% · Return on equity 4.5% · Return on assets (EBIT) 4.4% · Operating margin 2.9% · Revenue (TTM) 356B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 5% 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 84%, 023000 screens cheaper than that median.
Fair Value models
Bear 3,306 KRWFair Value 4,041 KRWBull 5,024 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.71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.6%
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.
−0.4%
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.
+7.9%
Start year 2020 (pandemic). Over 10 years: +2.8% a year
Revenue growth 12 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.
+1.1%
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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.
+9.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.0%
Dividend (yield on the price)5.0%
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.4% → 3%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−10.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −11.8% a year for the price.
Price, fair value, quality and upside side by side.
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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.Auto Parts · 692 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside+84% · Top 25%
Profitability
Return on equity (TTM)4% · Below median
Return on assets2% · Below median
Net margin (TTM)3% · Below median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth−3% · Below median
Dividend yield (TTM)5.0% · Top 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Samwon Steel Fair Value". https://www.fairvalue-calculator.com/stock/023000
Frequently asked questions
Is Samwon Steel (023000) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 4,041 KRW versus a price of 2,195 KRW, about +84% upside (undervalued).
What is the fair value of 023000?
Our model-based fair value for Samwon Steel is 4,041 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,195 KRW.
What is the quality score of 023000?
Samwon Steel has a Quality Score of 61/100. 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 Samwon Steel (023000)?
Our model-based price target is the fair value of 4,041 KRW (as of Sep 24, 2026) from 21 valuation models. Cautious scenario 3,306 KRW, optimistic scenario 5,024 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Samwon Steel stock forecast for 2026?
Our models put fair value at 4,041 KRW, about +84% upside versus a price of 2,195 KRW (undervalued). Cautious scenario 3,306 KRW, optimistic scenario 5,024 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Samwon Steel (023000)?
Samwon Steel reported trailing-twelve-month revenue of about 356B KRW (latest available figure, as of Sep 24, 2026).
Does Samwon Steel pay a dividend?
Samwon Steel currently shows a dividend yield of about 5.01% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Samwon Steel (023000)?
For today's price to be fair in a discounted-cash-flow model, Samwon Steel would have to grow free cash flow by -10.0 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 023000 use?
Our models discount Samwon Steel at 11.7 %: a base by market capitalisation (micro), damped by beta 0.57, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Samwon Steel that is -10.0 % per year a year over ten years, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has Samwon Steel (023000) delivered so far?
Over the past 5 years revenue at Samwon Steel grew +7.9 % a year. The price currently implies -10.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Samwon Steel (023000) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Samwon Steel (-10.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Samwon Steel (023000)?
The free-cash-flow yield on the price is 17.76 %: that much free cash flow Samwon Steel produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Samwon Steel (023000)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Samwon Steel it is 4,041 KRW per share (as of Sep 24, 2026), against a price of 2,195 KRW. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Samwon Steel stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 023000 trades below its calculated fair value: price 2,195 KRW, fair value 4,041 KRW, a gap of about +84% (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 023000?
No. The price is what the market pays today (2,195 KRW); the fair value is what the company's own numbers justify (4,041 KRW). For Samwon Steel the two are 1,846 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Samwon Steel worth?
The market values Samwon Steel at about 87.2B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 2,195 KRW; our models calculate a fair value of 4,041 KRW per share.
What do the bullish and bearish scenarios say about 023000?
Our models span a range for Samwon Steel: cautious scenario 3,306 KRW, base 4,041 KRW, optimistic 5,024 KRW per share (as of Sep 24, 2026, price 2,195 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Samwon Steel (023000)?
Balance-sheet figures for Samwon Steel (as of Sep 24, 2026): return on equity 4.5%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 023000 from its 52-week high?
Samwon Steel trades at 2,195 KRW, about 12% below its 52-week high of 2,495 KRW and 5% above the low of 2,100 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 4,041 KRW is for.
Which stocks are comparable to Samwon Steel?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Samwon Steel stock attractive at the current price?
The data as of Sep 24, 2026: price 2,195 KRW, calculated fair value 4,041 KRW (+84%), Quality Score 61/100, from 21 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 023000 calculated?
We run Samwon Steel through 21 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 4,041 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. Samwon Steel currently trades 84 % 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 Samwon Steel (023000)?
The closing price on Sep 23, 2026 was 2,195 KRW. Our model-based fair value is 4,041 KRW, about +84% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Samwon Steel right now?
The price is below even our cautious bear case (3,306 KRW). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Samwon Steel
How large is the market capitalisation of Samwon Steel (023000)?
The market capitalisation of Samwon Steel is 87.2B KRW (≈ $64.1M). 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 Samwon Steel (023000)?
The price-to-sales ratio of Samwon Steel is 0.24 (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 Samwon Steel (023000)?
The dividend yield of Samwon Steel is 5.0%. 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 Samwon Steel (023000)?
The net margin of Samwon Steel is 3.0% (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 Samwon Steel (023000)?
The return on equity (ROE) of Samwon Steel is 4.5% (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 Samwon Steel (023000)?
On an EBIT basis the return on assets of Samwon Steel is 4.4% (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 Samwon Steel (023000)?
The operating margin of Samwon Steel is 2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Samwon Steel (023000)?
Revenue at Samwon Steel is growing −3.4% versus a year earlier (3y avg −0.4%). 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 Samwon Steel (023000)?
Earnings per share at Samwon Steel are growing +24.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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