DCM Corp (024090) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of DCM Corp KRW 18,368, price KRW 11,480, upside +60.0%, quality 60 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 9,189 KRW – 25,820 KRW · fair‑value band 14,546 KRW – 23,111 KRW · the 11,480 KRW price screens below the 18,368 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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DCM Corp. engages in the manufacture and sale of laminated steel plate products primarily in South Korea.
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DCM Corp. engages in the manufacture and sale of laminated steel plate products primarily in South Korea. 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 11,480 KRW, while our model-based Fair Value estimate is 18,368 KRW, implying the stock looks roughly 37.5% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 22,059 KRW per share, and 22 of the 24 models we run sit above the 11,480 KRW price.
Bear case: the Dividend Discount group reads lowest at 7,067 KRW, and 2 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 14,546 KRW (bear) to 23,111 KRW (bull), the price of 11,480 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 98.8B KRW (≈ $72.6M) · P/S ratio 0.64 · Dividend yield 7.1% · Net margin 5.2% · Return on equity 11.6% · Return on assets (EBIT) 6.5% · Operating margin 15.0% · Revenue (TTM) 143B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at 60%, 024090 screens cheaper than that median.
Fair Value models
Bear 14,546 KRWFair Value 18,368 KRWBull 23,111 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.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.
−4.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.5%
Dividend (yield on the price)7.1%
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%
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).
+3.4%
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 +1.3% 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 · 417 stocks
Beats the industry median on 9/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside+60% · Top 25%
Profitability
Return on equity (TTM)12% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)12% · Top 25%
Operating margin (TTM)15% · Top 25%
Growth and dividend
Revenue growth14% · Top 25%
Dividend yield (TTM)7.1% · Top 25%
Valuation Multiplesvs Steel median · lower = cheaper
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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 Sep 24, 2026, our model estimates a fair value of 18,368 KRW versus a price of 11,480 KRW, about +60% upside (undervalued).
What is the fair value of 024090?
Our model-based fair value for DCM Corp is 18,368 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 11,480 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 18,368 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 14,546 KRW, optimistic scenario 23,111 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 18,368 KRW, about +60% upside versus a price of 11,480 KRW (undervalued). Cautious scenario 14,546 KRW, optimistic scenario 23,111 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 Sep 24, 2026).
Does DCM Corp pay a dividend?
DCM Corp currently shows a dividend yield of about 7.14% relative to its recent price (as of Sep 24, 2026).
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 +3.4 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 024090 use?
Our models discount DCM Corp at 13.1 %: a base by market capitalisation (micro), 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 +3.4 % per year a year over ten years, using the same discount rate (13.1 %) 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 +3.4 % 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 DCM Corp (024090) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into DCM Corp (+3.4 % 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 DCM Corp (024090)?
The free-cash-flow yield on the price is 5.29 %: that much free cash flow DCM Corp produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), 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 18,368 KRW per share (as of Sep 24, 2026), against a price of 11,480 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is DCM Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 024090 trades below its calculated fair value: price 11,480 KRW, fair value 18,368 KRW, a gap of about +60% (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 (11,480 KRW); the fair value is what the company's own numbers justify (18,368 KRW). For DCM Corp the two are 6,888 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 98.8B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 11,480 KRW; our models calculate a fair value of 18,368 KRW per share.
What do the bullish and bearish scenarios say about 024090?
Our models span a range for DCM Corp: cautious scenario 14,546 KRW, base 18,368 KRW, optimistic 23,111 KRW per share (as of Sep 24, 2026, price 11,480 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of DCM Corp (024090)?
Balance-sheet figures for DCM Corp (as of Sep 24, 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 11,480 KRW, about 12% below its 52-week high of 12,990 KRW and 9% above the low of 10,550 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 18,368 KRW is for.
Which stocks are comparable to DCM Corp?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata 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 Sep 24, 2026: price 11,480 KRW, calculated fair value 18,368 KRW (+60%), 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 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 18,368 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 14.0 % above its aggregate fair value. DCM Corp currently trades 60 % 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 Sep 23, 2026 was 11,480 KRW. Our model-based fair value is 18,368 KRW, about +60% 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 (14,546 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 98.8B KRW (≈ $72.6M). 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 0.64 (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 DCM Corp (024090)?
The dividend yield of DCM Corp is 7.1%. 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 5.2% (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 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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