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Dongwha Enterprise Co.Ltd (025900) Fair Value & Analysis

Basic Materials · KR · Market cap 260B KRW

DE Dongwha Enterprise Co.Ltd 025900 · KQ
Price7,070 KRW
Fair Value10,744 KRW
Upside+52.0%
Quality25/100
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Expensive Growth
Loss-making · -3.5% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 12/100
Evidence: Low Range 8,018 KRW – 16,036 KRW Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 6 days ago

Fair value updated Aug 13, 2026, revised from 11,922 KRW to 10,744 KRW (−9.9%) since Jul 22, 2026. Share price +29.5% over the past month.

Below-average quality, screening 52% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (25/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (8,018 KRW). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (8,018 KRW to 16,036 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

45,440 KRW 5,000 KRW Fair Value 10,744 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 5,000 KRW – 45,440 KRW · fair‑value band 8,018 KRW – 16,036 KRW · the 7,070 KRW price screens below the 10,744 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Dongwha Enterprise Co.Ltd (025900) currently trades at 7,070 KRW, while our model-based Fair Value estimate is 10,744 KRW, implying the stock looks roughly 52.0% undervalued today. The Quality Score stands at 25/100 (below-average 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: low), always confirm before acting.

Over the trailing twelve months, Dongwha Enterprise Co.Ltd generated revenue of 845B KRW at a net margin of -3.5%. Revenue grew 7.8% year over year. It earns a return on equity of -7.2%. Net debt stands at 908B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 8,018 KRW (bear case) to 16,036 KRW (bull case); at 7,070 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 46% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -39% fair-value upside, at 52%, 025900 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
EV/EBITDA 1,903 KRW 4,547 KRW 7,192 KRW 54
NCAV (Graham) 8,897 KRW 11,922 KRW 17,795 KRW 50
All 2 models by family
Multiples
EV/EBITDA 1,903 KRW 4,547 KRW 7,192 KRW 54
Asset-Based
NCAV (Graham) 8,897 KRW 11,922 KRW 17,795 KRW 50

Widest divergence: Asset-Based (11,922 KRW) versus Multiples (4,547 KRW). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 845B KRW
Revenue growth (YoY) +7.8%
Net margin -3.5%
Return on equity -7.2%
Free cash flow −39.8B KRW FY2025
Operating margin -2.2%
More key figures
EPS growth (YoY) -60.4%
Net debt 908B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 25/100

Of which business quality 25 · Market factors (momentum, volatility) 21

Profitability 8
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 40
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

Dongwha Enterprise Co.,Ltd manufactures and sells wood materials in South Korea. The company offers wood panels, such as particle boards, medium density fiberboards, and melamine faced boards; and chemical materials, including low pressure melamine, phenolic surface paper, and resin products.

Full company description

Dongwha Enterprise Co.,Ltd manufactures and sells wood materials in South Korea. The company offers wood panels, such as particle boards, medium density fiberboards, and melamine faced boards; and chemical materials, including low pressure melamine, phenolic surface paper, and resin products. It also provides building materials comprising flooring products, such as laminate and NAF flooring, wood flooring, Leum floor materials, tiles, and flooring systems for specific environments; wall panels for interior design and decorating store displays, and sound absorbing wall panels and ceiling materials; doors and molding products; and lumber wood material for industrial use. In addition, the company offers used cars installment financing, sales, and distribution services. Further, it operates Hankook Ilbo and The Korea Times newspapers. The company also exports its products to the Middle East, Southeast Asia, and East Asia. Dongwha Enterprise Co.,Ltd was founded in 1948 and is headquartered in Incheon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dongwha Enterprise Co.Ltd reported revenue of 830B KRW in FY2025 versus 932B KRW in FY2021, a compound −2.9%/yr. Reported net income was −45.8B KRW in FY2025.

Growth Quality 10/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
830B KRW
Latest YoY
−9.6%
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.
−9.0%
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.
+2.2%
Avg. growth/yr (24Y) 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.
+5.1%
Revenue −2.9%/yr
FY21 932B KRW
FY22 1.1T KRW
FY23 963B KRW
FY24 918B KRW
FY25 830B KRW
Net income
FY21 39.5B KRW
FY22 38.4B KRW
FY23 −84.5B KRW
FY24 −12.3B KRW
FY25 −45.8B KRW

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Cite: Fair Value Calculator (2026). "Dongwha Enterprise Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/025900

Peer Group

Lumber & Wood Production · 78 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 25 · Bottom 25%
Fair Value upside +52% · Top 25%
Return on assets -0% · Below median
Net margin (TTM) -4% · Below median
Operating margin (TTM) -2% · Below median
Revenue growth 8% · Above median
Dividend yield (TTM) 7.3% · Top 25%
Debt / equity 0.40× · Higher than median

Valuation Multiples vs Lumber & Wood Production median · lower = cheaper

EV/EBITDA 6.5× · Cheaper than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 14
FUTURE39 · sector 0
PAST0 · sector 0
HEALTH80 · sector 91
DIVIDEND100 · sector 47

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 Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Simpson Manufacturing Co SSD $194.83 $145.26 -25%
West Fraser Timber Co WFG C$97.70 C$33.38 -66%
UFP Industries, Inc UFPI $88.29 $107.07 +21%
Stella-Jones Inc SJ C$75.22 C$92.56 +23%
Boise Cascade Company BCC $84.25 $51.39 -39%
Century Plyboards (India) Limited CENTURYPLY ₹751.05 ₹201.01 -73%
DeHua TB New Decoration Material Co 002043 ¥12.58 ¥14.78 +17%
Canfor Corporation CFP C$14.77 C$4.54 -69%
Interfor Corporation IFP C$14.38 C$6.43 -55%
Kangxin New Materials Co 600076 ¥3.17 ¥0.6700 -79%

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Frequently asked questions

Is Dongwha Enterprise Co.Ltd (025900) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 10,744 KRW versus a price of 7,070 KRW, about +52% (undervalued).
What is the fair value of 025900?
Our model-based fair value for Dongwha Enterprise Co.Ltd is 10,744 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 7,070 KRW.
What is the quality score of 025900?
Dongwha Enterprise Co.Ltd has a Quality Score of 25/100. 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 Dongwha Enterprise Co.Ltd (025900)?
Dongwha Enterprise Co.Ltd reported trailing-twelve-month revenue of about 845B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 025900?
The net profit margin of Dongwha Enterprise Co.Ltd is about -3.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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