M2N Co (033310) Fair Value & Analysis
Basic Materials · KR · Market cap 51.4B KRW
Fair value as of: Jul 22, 2026
From 14 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from 550.54 KRW to 565.81 KRW (+2.8%) since Jul 5, 2026. Share price −1.1% over the past month.
Below-average quality, and screening another 57% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (810.91 KRW). The favourable scenario is already priced in.
- Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (320.72 KRW to 810.91 KRW) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 1,206 KRW – 25,781 KRW · fair‑value band 320.72 KRW – 810.91 KRW · the 1,330 KRW price screens above the 565.81 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.
Analysis
M2N Co (033310) currently trades at 1,330 KRW, while our model-based Fair Value estimate is 565.81 KRW, implying the stock looks roughly 57.5% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Trailing-twelve-month revenue stands at 42.9B KRW. Revenue declined 7.5% year over year. It earns a return on equity of 165.5%. Net debt stands at 16.4B KRW. Fundamentals as of Jul 22, 2026
Our scenario range runs from 320.72 KRW (bear case) to 810.91 KRW (bull case); at 1,330 KRW, the current price sits above 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 45% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -57%, 033310 screens richer 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.
All 14 models by family
Widest divergence: Asset-Based (2,439 KRW) versus Dividend Discount (123.34 KRW). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 17
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
M2N Co.,Ltd manufactures and sells cold roll steel sheets, steel drums, and steel products. The company's drum segment offers tight head drums, open head drums, galvanized drums, and other related products. Its Steel Products segment provides hot rolled plates, c type steel plates, stainless steel bars, and others.
Full company description
M2N Co.,Ltd manufactures and sells cold roll steel sheets, steel drums, and steel products. The company's drum segment offers tight head drums, open head drums, galvanized drums, and other related products. Its Steel Products segment provides hot rolled plates, c type steel plates, stainless steel bars, and others. The company was formerly known as DK D&I Co.,Ltd. and changed its name to M2N Co.,Ltd in August 2020. M2N Co.,Ltd is based in Seoul, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
M2N Co reported revenue of 86.5B KRW in FY2025 versus 27.6B KRW in FY2021, a compound +33.0%/yr. Reported net income was −594M KRW in FY2025.
033310 screens 57% overvalued. Compare with Daelim Paper Co →
Peer Group
Materials · 3496 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Containers & Packaging” was too small, so the broader sector is used.)
Valuation Multiples vs Materials median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Containers & Packaging stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Daelim Paper Co 017650 | 9,000 KRW | 2,417 KRW | -73% |
| PT Siwani Makmur Tbk SIMA | 50.00 IDR | 10.91 IDR | -78% |
| BHP Group BHPN | 1,425 MXN | 942.42 MXN | -34% |
| BASF SE BASF | 16,920 HUF | 8,965 HUF | -47% |
| UltraTech Cement Limited ULTRACEMCO | ₹11,711 | ₹4,719 | -60% |
| JSW Steel Limited JSWSTEEL | ₹1,227 | ₹1,140 | -7% |
| Vale S.A VALE | 11,690 ARS | 16,644 ARS | +42% |
| POSCO Holdings 005490 | 313,500 KRW | 155,270 KRW | -50% |
| PT Barito Pacific Tbk, BRPT | 1,690 IDR | 1,628 IDR | -4% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
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Frequently asked questions
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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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