DCM Corp (024090) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of DCM Corp stock KRW 19,120, price KRW 12,210, upside +56.6%, quality 60 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range 9,189 KRW – 25,820 KRW · fair‑value band 15,022 KRW – 24,208 KRW · the 12,210 KRW price screens below the 19,120 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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DCM Corp. engages in the manufacture and sale of laminated steel plate products primarily in South Korea.
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It provides its laminated steel plates, applying various materials, such as PET+PVC, PP film, hairline PET film, aluminium metallized PET film, UV imprinting PET film, embossed PVC film for refrigerator, laundry machine, dryer, dishwasher, white board, elevator, ship and construction interior, and cold storage applications; and offers laminated weather-proof fluorine film for construction exteriors.
The company was formerly known as Daelim Co., Ltd. and changed its name to DCM Corp. in May 1999. DCM Corp. was founded in 1972 and is headquartered in Yangsan-si, South Korea.
Stock analysis
DCM Corp (024090) currently trades at 12,210 KRW, while our model-based Fair Value estimate is 19,120 KRW, implying the stock looks roughly 36% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 21,499 KRW per share, and 22 of the 24 models we run sit above the 12,210 KRW price.
Bear case: the Dividend Discount group reads lowest at 7,705 KRW, and 2 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 15,022 KRW (bear) to 24,208 KRW (bull), the price of 12,210 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 60/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
DCM Corp reported revenue of 227B KRW in FY2025 versus 251B KRW in FY2021, a compound −2.5%/yr. Reported net income was 11.8B KRW in FY2025, compounding −30.6%/yr from FY2021.
Key figures
Market cap 105B KRW (≈ $77.7M) Micro · P/E ratio 5.8 · P/S ratio 0.72 · EPS (TTM) 2,095 KRW · Dividend yield 6.7% · Net margin 12.3% · Return on equity 11.6% · Return on assets (EBIT) 6.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at 57%, 024090 screens cheaper than that median.
Fair Value models
Bear15,022 KRWFair Value 19,120 KRWBull24,208 KRW
Price 12,210 KRW · Upside +56.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1,093 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF11,350 KRW12,723 KRW14,791 KRW82
Growth DCF11,458 KRW12,747 KRW14,562 KRW80
Owner Earnings13,676 KRW15,671 KRW18,674 KRW78
All 24 models by family
DCF Models
FCF DCF11,350 KRW12,723 KRW14,791 KRW82
Owner Earnings13,676 KRW15,671 KRW18,674 KRW78
5Y Revenue Exit13,811 KRW17,772 KRW23,204 KRW74
5Y EBITDA Exit13,378 KRW17,028 KRW21,559 KRW77
5Y P/E Exit17,079 KRW23,380 KRW30,379 KRW72
10Y Revenue Exit12,432 KRW15,448 KRW18,995 KRW68
10Y EBITDA Exit12,419 KRW15,010 KRW18,006 KRW70
10Y P/E Exit14,448 KRW18,752 KRW23,306 KRW65
Earnings-Based
Graham-Dodd9,500 KRW17,485 KRW21,653 KRW66
EPV13,259 KRW14,167 KRW14,915 KRW74
Dividend Discount
Gordon GGM6,072 KRW7,622 KRW9,020 KRW69
DDM Multi-Stage6,072 KRW7,788 KRW9,540 KRW67
Multiples
P/E Multiple17,812 KRW23,750 KRW29,687 KRW63
P/S Multiple17,812 KRW23,750 KRW29,687 KRW58
P/B Multiple14,408 KRW19,211 KRW24,014 KRW55
EV/EBIT18,102 KRW22,066 KRW26,030 KRW66
EV/EBITDA16,354 KRW19,736 KRW23,118 KRW67
EV/Revenue16,516 KRW20,933 KRW25,350 KRW54
Asset-Based
NCAV (Graham)8,491 KRW12,866 KRW16,082 KRW54
Growth DCF
Growth DCF11,458 KRW12,747 KRW14,562 KRW80
Rev-Margin DCF13,811 KRW17,851 KRW22,543 KRW74
Economic Profit
Residual Income21,868 KRW21,535 KRW21,944 KRW76
ROIC Compounder13,259 KRW14,167 KRW14,915 KRW72
Growth Earnings
Growth-Adj P/E12,769 KRW18,241 KRW23,713 KRW67
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.8%
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.
−1.9%
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.
+6.5%
Start year 2020 (pandemic). Over 10 years: +7.9% a year
Revenue growth 15 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.
+2.6%
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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.
−4.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.5%
Dividend (yield on the price)6.7%
Pace: 5 vs 10 years ⓘ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.−11.5% vs −3.9%, slowing
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.9% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
+2.8%
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 +0.7% 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.Steel · 410 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside+60.0% · Top 25%
Profitability
Return on equity (12 months)11.6% · Top 25%
Return on assets4.0% · Above median
Net margin (12 months)12.3% · Top 25%
Operating margin (12 months)15.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)13.8% · Above median
Dividend yield (12 months)6.7% · Top 25%
Valuation Multiplesvs Steel median · lower = cheaper
P/E (12 months)5.8× · Cheapest 25%
P/B0.39× · Cheapest 25%
P/S (12 months)0.72× · Pricier than median
Price / free cash flow (fiscal year)19.7× · Pricier than median
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). "DCM Corp Fair Value". https://www.fairvalue-calculator.com/stock/024090
Frequently asked questions
Is DCM Corp (024090) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 19,120 KRW versus a price of 12,210 KRW, about +57% upside (undervalued).
What is the fair value of 024090?
Our model-based fair value for DCM Corp is 19,120 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 12,210 KRW.
What is the quality score of 024090?
DCM Corp has a Quality Score of 60/100. 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 DCM Corp (024090)?
Our model-based price target is the fair value of 19,120 KRW (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 15,022 KRW, optimistic scenario 24,208 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the DCM Corp stock forecast for 2026?
Our models put fair value at 19,120 KRW, about +57% upside versus a price of 12,210 KRW (undervalued). Cautious scenario 15,022 KRW, optimistic scenario 24,208 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of DCM Corp (024090)?
DCM Corp reported trailing-twelve-month revenue of about 143B KRW (latest available figure, as of Nov 9, 2026).
Does DCM Corp pay a dividend?
DCM Corp currently shows a dividend yield of 6.72% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of DCM Corp (024090) and when is the ex-dividend date?
DCM Corp pays a dividend of 820.00 KRW per share a year, a dividend yield of 6.7%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2000. The payout ratio is 39.1% of earnings. Free cash flow covers the dividend 0.75 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into DCM Corp (024090)?
For today's price to be fair in a discounted-cash-flow model, DCM Corp would have to grow free cash flow by +2.8 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.5 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 024090 use?
Our models discount DCM Corp at 11.6 %: a base by market capitalisation (micro), damped by beta 0.13, 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 DCM Corp that is +2.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has DCM Corp (024090) delivered so far?
Over the past 5 years revenue at DCM Corp grew +6.5 % a year. The price currently implies free-cash-flow growth of +2.8 % per 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 DCM Corp (024090) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into DCM Corp (+2.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of DCM Corp (024090)?
The free-cash-flow yield on the price is 4.97 %: that much free cash flow DCM Corp produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of DCM Corp (024090)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DCM Corp it is 19,120 KRW per share (as of Nov 9, 2026), against a price of 12,210 KRW. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is DCM Corp stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 024090 trades below its calculated fair value: price 12,210 KRW, fair value 19,120 KRW, a gap of about +57% (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 024090?
No. The price is what the market pays today (12,210 KRW); the fair value is what the company's own numbers justify (19,120 KRW). For DCM Corp the two are 6,910 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is DCM Corp worth?
The market values DCM Corp at about 105B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 12,210 KRW; our models calculate a fair value of 19,120 KRW per share.
What do the bullish and bearish scenarios say about 024090?
Our models span a range for DCM Corp: cautious scenario 15,022 KRW, base 19,120 KRW, optimistic 24,208 KRW per share (as of Nov 9, 2026, price 12,210 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 024090?
DCM Corp trades at a price-to-earnings ratio of 5.8 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 19,120 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 5.6. Other multiples: P/B 0.4, P/S 0.7, EV/EBITDA 2.3.
How solid is the balance sheet of DCM Corp (024090)?
Balance-sheet figures for DCM Corp (as of Nov 9, 2026): return on equity 11.6%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 024090 from its 52-week high?
DCM Corp trades at 12,210 KRW, about 6% below its 52-week high of 12,990 KRW and 16% above the low of 10,550 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 19,120 KRW is for.
Which stocks are comparable to DCM Corp?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 DCM Corp stock attractive at the current price?
The data as of Nov 9, 2026: price 12,210 KRW, calculated fair value 19,120 KRW (+57%), Quality Score 60/100, from 24 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 024090 calculated?
We run DCM Corp through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 19,120 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. DCM Corp currently trades 36% 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 DCM Corp (024090)?
The closing price on Nov 9, 2026 was 12,210 KRW. Our model-based fair value is 19,120 KRW, about +57% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DCM Corp right now?
The price is below even our cautious bear case (15,022 KRW). The market is more pessimistic than our downside scenario. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of DCM Corp
How large is the market capitalisation of DCM Corp (024090)?
The market capitalisation of DCM Corp is 105B KRW (≈ $77.7M). 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 DCM Corp (024090)?
The price-to-sales ratio of DCM Corp is 0.72 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DCM Corp (024090)?
Earnings per share at DCM Corp are 2,095 KRW (price ÷ EPS = P/E 5.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DCM Corp (024090)?
The dividend yield of DCM Corp is 6.7% (payout 39.1%). 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 DCM Corp (024090)?
The net margin of DCM Corp is 12.3% (last twelve months). 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 DCM Corp (024090)?
The return on equity (ROE) of DCM Corp is 11.6% (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 DCM Corp (024090)?
On an EBIT basis the return on assets of DCM Corp is 6.5% (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 DCM Corp (024090)?
The operating margin of DCM Corp is 15.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DCM Corp (024090)?
Revenue at DCM Corp is growing +13.8% versus a year earlier (3y avg −1.9%). 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 DCM Corp (024090)?
Earnings per share at DCM Corp are growing +72.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 9, 2026