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DCM Corp (024090) Fair Value & Analysis

Basic Materials · KR · Market cap 91.1B KRW

DC DCM Corp 024090 · KO
Price11,230 KRW
Fair Value18,236 KRW
Upside+62.4%
Quality60/100
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Mixed Growth
Solidly profitable · 12.3% net margin
Low debt · generates free cash flow
7.64% dividend yield
Ranks above peers (10/10)
Moderate moat 46/100
Evidence: High Range 15,027 KRW – 23,299 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 17,893 KRW to 18,236 KRW (+1.9%) since Jul 6, 2026. Share price +1.8% over the past month.

A solid business, screening 62% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (15,027 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.
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Price vs Fair Value (5 years)

25,820 KRW 9,189 KRW Fair Value 18,236 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 9,189 KRW – 25,820 KRW · fair‑value band 15,027 KRW – 23,299 KRW · the 11,230 KRW price screens below the 18,236 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

DCM Corp (024090) currently trades at 11,230 KRW, while our model-based Fair Value estimate is 18,236 KRW, implying the stock looks roughly 62.4% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Basic Materials 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, DCM Corp generated revenue of 143B KRW at a net margin of 12.3%. Revenue grew 13.8% year over year. It earns a return on equity of 11.6%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 15,027 KRW (bear case) to 23,299 KRW (bull case); at 11,230 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 19% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at 62%, 024090 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 12,764 KRW 15,046 KRW 18,705 KRW 80
Residual Income 23,534 KRW 23,750 KRW 22,298 KRW 76
Rev-Margin DCF 14,562 KRW 19,107 KRW 24,384 KRW 74
All 24 models by family
DCF Models
FCF DCF 12,529 KRW 14,895 KRW 18,947 KRW 38
Owner Earnings 20,350 KRW 25,641 KRW 34,707 KRW 31
5Y Revenue Exit 14,562 KRW 19,026 KRW 25,155 KRW 39
5Y EBITDA Exit 14,074 KRW 18,188 KRW 23,299 KRW 41
5Y P/E Exit 18,238 KRW 25,345 KRW 33,248 KRW 38
10Y Revenue Exit 13,443 KRW 17,245 KRW 21,740 KRW 36
10Y EBITDA Exit 13,427 KRW 16,689 KRW 20,482 KRW 37
10Y P/E Exit 15,996 KRW 21,442 KRW 27,228 KRW 35
Earnings-Based
Graham-Dodd 9,497 KRW 17,480 KRW 21,647 KRW 54
EPV 15,027 KRW 16,497 KRW 17,783 KRW 59
Dividend Discount
Gordon GGM 7,527 KRW 10,029 KRW 12,568 KRW 70
DDM Multi-Stage 7,527 KRW 10,349 KRW 13,715 KRW 61
Multiples
P/E Multiple 17,807 KRW 23,743 KRW 29,679 KRW 63
P/S Multiple 17,807 KRW 23,743 KRW 29,679 KRW 58
P/B Multiple 17,807 KRW 23,743 KRW 29,679 KRW 55
EV/EBIT 18,096 KRW 22,059 KRW 26,022 KRW 53
EV/EBITDA 16,349 KRW 19,730 KRW 23,111 KRW 54
EV/Revenue 16,511 KRW 20,927 KRW 25,343 KRW 43
Asset-Based
NCAV (Graham) 15,463 KRW 20,721 KRW 30,927 KRW 50
Growth DCF
Growth DCF 12,764 KRW 15,046 KRW 18,705 KRW 80
Rev-Margin DCF 14,562 KRW 19,107 KRW 24,384 KRW 74
Economic Profit
Residual Income 23,534 KRW 23,750 KRW 22,298 KRW 76
ROIC Compounder 15,027 KRW 16,497 KRW 17,783 KRW 72
Growth Earnings
Growth-Adj P/E 12,765 KRW 18,236 KRW 23,706 KRW 68

Widest divergence: Multiples (22,059 KRW) versus Dividend Discount (10,029 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 143B KRW
Revenue growth (YoY) +13.8%
Net margin 12.3%
Return on equity 11.6%
Free cash flow 5.2B KRW FY2025
Operating margin 15.0%
More key figures
Dividend yield 7.5%
EPS growth (YoY) +72.8%

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 57 · Market factors (momentum, volatility) 45

Profitability 33
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 93
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

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, …

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
227B KRW
Latest YoY
−5.8%
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.
−1.9%
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.
+6.5%
Avg. growth/yr (15Y) 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.
+2.6%
Revenue −2.5%/yr
FY21 251B KRW
FY22 241B KRW
FY23 218B KRW
FY24 241B KRW
FY25 227B KRW
Net income −30.6%/yr
FY21 50.8B KRW
FY22 37.6B KRW
FY23 −10.3B KRW
FY24 18.9B KRW
FY25 11.8B KRW

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Cite: Fair Value Calculator (2026). "DCM Corp Fair Value". https://www.fairvalue-calculator.com/stock/024090

Peer Group

Steel · 378 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 60 · Top 25%
Fair Value upside +62% · Top 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 14% · Top 25%
Dividend yield (TTM) 7.6% · Top 25%

Valuation Multiples vs Steel median · lower = cheaper

P/FCF 0.0× · 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 19
FUTURE 69 · sector 4
PAST 46 · sector 15
HEALTH 100 · sector 95
DIVIDEND 100 · sector 41

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 Steel stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is DCM Corp (024090) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 18,236 KRW versus a price of 11,230 KRW, about +62% (undervalued).
What is the fair value of 024090?
Our model-based fair value for DCM Corp is 18,236 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 11,230 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 revenue of DCM Corp (024090)?
DCM Corp reported trailing-twelve-month revenue of about 143B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 024090?
The net profit margin of DCM Corp is about 12.3%, meaning it keeps roughly 12.3% of revenue as net income. Based on the latest reported figures.
Does DCM Corp pay a dividend?
DCM Corp currently shows a dividend yield of about 7.46% relative to its recent price (as of Jul 22, 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.

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