EN DE

Daihan Pharmaceutical Co (023910) Fair Value & Analysis

Healthcare · KR · Market cap 151B KRW

DP Daihan Pharmaceutical Co 023910 · KQ
Price26,850 KRW
Fair Value56,706 KRW
Upside+111.2%
Quality54/100
Watch Daihan Pharmaceutical Co for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Solidly profitable · 12.8% net margin
Low debt · generates free cash flow
3.90% dividend yield
Ranks above peers (10/10)
Moderate moat 52/100
Evidence: High Range 39,694 KRW – 73,718 KRW Share as image

Fair value as of: Jul 20, 2026

From 22 valuation models · updated 21 days ago

Share price +3.5% over the past month.

A solid business, screening 111% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (39,694 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (39,694 KRW to 73,718 KRW) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

40,049 KRW 22,138 KRW Fair Value 56,706 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 22,138 KRW – 40,049 KRW · fair‑value band 39,694 KRW – 73,718 KRW · the 26,850 KRW price screens below the 56,706 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

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

Analysis

Daihan Pharmaceutical Co (023910) currently trades at 26,850 KRW, while our model-based Fair Value estimate is 56,706 KRW, implying the stock looks roughly 111.2% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Healthcare 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, Daihan Pharmaceutical Co generated revenue of 211B KRW at a net margin of 12.8%. Revenue grew 5.7% year over year. It earns a return on equity of 9.3%. Fundamentals as of Jul 20, 2026

Our scenario range runs from 39,694 KRW (bear case) to 73,718 KRW (bull case); at 26,850 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 18% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at 111%, 023910 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 8,388 KRW 8,771 KRW 9,300 KRW 80
Residual Income 43,941 KRW 48,190 KRW 67,388 KRW 76
ROIC Compounder 49,646 KRW 58,943 KRW 70,505 KRW 72
All 22 models by family
DCF Models
FCF DCF 8,365 KRW 8,782 KRW 9,387 KRW 38
Owner Earnings 29,091 KRW 39,267 KRW 54,024 KRW 31
5Y Revenue Exit 25,775 KRW 40,204 KRW 58,548 KRW 39
5Y EBITDA Exit 25,208 KRW 39,183 KRW 55,195 KRW 41
5Y P/E Exit 35,591 KRW 57,882 KRW 80,629 KRW 38
10Y Revenue Exit 18,423 KRW 30,098 KRW 45,501 KRW 36
10Y EBITDA Exit 18,935 KRW 29,403 KRW 43,029 KRW 37
10Y P/E Exit 25,456 KRW 42,125 KRW 61,775 KRW 35
Earnings-Based
Graham-Dodd 31,969 KRW 80,997 KRW 105,270 KRW 54
PEG = 1.0 15,007 KRW 21,438 KRW 27,870 KRW 46
EPV 49,646 KRW 56,674 KRW 62,823 KRW 59
Multiples
P/E Multiple 49,364 KRW 65,819 KRW 82,273 KRW 63
P/S Multiple 31,931 KRW 42,574 KRW 53,218 KRW 58
P/B Multiple 59,942 KRW 79,923 KRW 99,903 KRW 55
EV/EBIT 47,256 KRW 60,515 KRW 73,775 KRW 53
EV/EBITDA 38,402 KRW 48,709 KRW 59,017 KRW 54
EV/Revenue 37,280 KRW 50,053 KRW 62,825 KRW 43
Asset-Based
NCAV (Graham) 25,528 KRW 34,208 KRW 51,057 KRW 50
Growth DCF
Growth DCF 8,388 KRW 8,771 KRW 9,300 KRW 80
Economic Profit
Residual Income 43,941 KRW 48,190 KRW 67,388 KRW 76
ROIC Compounder 49,646 KRW 58,943 KRW 70,505 KRW 72
Growth Earnings
Growth-Adj P/E 39,694 KRW 56,706 KRW 73,718 KRW 68

Widest divergence: Growth Earnings (56,706 KRW) versus Growth DCF (8,771 KRW). Highest evidence: Growth DCF (80).

Notify me when 023910 reaches fair value

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

Key figures & financial health

Revenue (TTM) 211B KRW
Revenue growth (YoY) +5.7%
Net margin 12.8%
Return on equity 9.3%
Free cash flow 482M KRW FY2025
Operating margin 14.9%
More key figures
Dividend yield 3.9%
EPS growth (YoY) -8.7%

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 53 · Market factors (momentum, volatility) 46

Profitability 46
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 85
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

Daihan Pharmaceutical Co.,Ltd. engages in the manufacture and sale of therapeutic drugs in South Korea. The company offers various drugs, such as prescription, OTC, and quasi drugs, as well as offers various infusion related solutions. Daihan Pharmaceutical Co.,Ltd. was founded in 1945 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Daihan Pharmaceutical Co reported revenue of 209B KRW in FY2025 versus 171B KRW in FY2021, a compound +5.0%/yr. Reported net income was 27.6B KRW in FY2025, compounding +5.1%/yr from FY2021.

Growth Quality 53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
209B KRW
Latest YoY
+2.2%
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.
+4.2%
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.
+4.7%
Avg. growth/yr (11Y) 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.
+5.8%
Revenue +5.0%/yr
FY21 171B KRW
FY22 184B KRW
FY23 196B KRW
FY24 204B KRW
FY25 209B KRW
Net income +5.1%/yr
FY21 22.7B KRW
FY22 25.0B KRW
FY23 28.4B KRW
FY24 33.8B KRW
FY25 27.6B KRW

Watch 023910: 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). "Daihan Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/023910

Peer Group

Drug Manufacturers - Specialty & Generic · 622 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 54 · Above median
Fair Value upside +111% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 13% · Above median
Operating margin (TTM) 15% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 3.9% · Top 25%

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/FCF 0.2× · 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 100 · sector 6
FUTURE 29 · sector 20
PAST 37 · sector 24
HEALTH 100 · sector 97
DIVIDEND 78 · sector 34

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

Compare Daihan Pharmaceutical Co with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Healthcare 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 Daihan Pharmaceutical Co (023910) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 56,706 KRW versus a price of 26,850 KRW, about +111% (undervalued).
What is the fair value of 023910?
Our model-based fair value for Daihan Pharmaceutical Co is 56,706 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 26,850 KRW.
What is the quality score of 023910?
Daihan Pharmaceutical Co has a Quality Score of 54/100. 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 Daihan Pharmaceutical Co (023910)?
Daihan Pharmaceutical Co reported trailing-twelve-month revenue of about 211B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 023910?
The net profit margin of Daihan Pharmaceutical Co is about 12.8%, meaning it keeps roughly 12.8% of revenue as net income. Based on the latest reported figures.
Does Daihan Pharmaceutical Co pay a dividend?
Daihan Pharmaceutical Co currently shows a dividend yield of about 3.82% relative to its recent price (as of Jul 20, 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 Daihan Pharmaceutical Co 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.