M2N Co.Ltd (033310) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of M2N Co.Ltd KRW 753, price KRW 1,458, upside -48.3%, quality 44 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 1,206 KRW – 25,781 KRW · fair‑value band 409.60 KRW – 1,243 KRW · the 1,458 KRW price screens above the 753.29 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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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.
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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.
Stock analysis
M2N Co.Ltd (033310) currently trades at 1,458 KRW, while our model-based Fair Value estimate is 753.29 KRW, implying the stock looks roughly 93.5% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 2,439 KRW per share, and 1 of the 12 models we run sit above the 1,458 KRW price.
Bear case: the Earnings-Based group reads lowest at 474.06 KRW, and 11 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: 409.60 KRW (bear) to 1,243 KRW (bull), the price of 1,458 KRW sits above 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 44/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
M2N Co.Ltd 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.
Key figures
Market cap 57.7B KRW (≈ $40.4M) · P/S ratio 1.20 · Net margin −0.7% · Return on equity 166% · Return on assets (EBIT) 0.4% · Operating margin −10.5% · Revenue (TTM) 42.9B KRW · Revenue growth (YoY) −7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −24% fair-value upside, at −48%, 033310 screens richer than that median.
Fair Value models
Bear 409.60 KRWFair Value 753.29 KRWBull 1,243 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.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.1%
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.
+44.9%
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.
+19.8%
Start year 2020 (pandemic). Over 10 years: +5.4% a year
Revenue growth 24 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.
+4.2%
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Profit margin (trend) ⓘ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.
−32.7% (2020) → 3.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+61.8%
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 +58.5% 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.Containers & Packaging · 25 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Bottom 25%
Fair Value upside−48% · Below median
Profitability
Return on equity (TTM)166% · Top 25%
Return on assets−1% · Bottom 25%
Net margin (TTM)−124% · Bottom 25%
Operating margin (TTM)−11% · Bottom 25%
Growth and dividend
Revenue growth−8% · Below median
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Containers & Packaging median · lower = cheaper
P/FCF0.1× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 16
FUTURE (revenue growth)0· sector 4
PAST (return on equity)100· sector 41
HEALTH (low debt)97· sector 96
DIVIDEND (yield)0· sector 8
VALUE 0: the price sits above our fair-value range.
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). "M2N Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/033310
Frequently asked questions
Is M2N Co.Ltd (033310) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 753.29 KRW versus a price of 1,458 KRW, about −48% upside (overvalued).
What is the fair value of 033310?
Our model-based fair value for M2N Co.Ltd is 753.29 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,458 KRW.
What is the quality score of 033310?
M2N Co.Ltd has a Quality Score of 44/100. 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 M2N Co.Ltd (033310)?
Our model-based price target is the fair value of 753.29 KRW (as of Sep 24, 2026) from 12 valuation models. Cautious scenario 409.60 KRW, optimistic scenario 1,243 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the M2N Co.Ltd stock forecast for 2026?
Our models put fair value at 753.29 KRW, about −48% upside versus a price of 1,458 KRW (overvalued). Cautious scenario 409.60 KRW, optimistic scenario 1,243 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of M2N Co.Ltd (033310)?
M2N Co.Ltd reported trailing-twelve-month revenue of about 42.9B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into M2N Co.Ltd (033310)?
For today's price to be fair in a discounted-cash-flow model, M2N Co.Ltd would have to grow free cash flow by +61.8 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 033310 use?
Our models discount M2N Co.Ltd at 10.9 %: a base by market capitalisation (nano), damped by beta 1.28, 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 M2N Co.Ltd that is +61.8 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has M2N Co.Ltd (033310) delivered so far?
Over the past 5 years revenue at M2N Co.Ltd grew +19.8 % a year. The price currently implies +61.8 % 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 M2N Co.Ltd (033310) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into M2N Co.Ltd (+61.8 % 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 M2N Co.Ltd (033310)?
The free-cash-flow yield on the price is 0.61 %: that much free cash flow M2N Co.Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of M2N Co.Ltd (033310)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For M2N Co.Ltd it is 753.29 KRW per share (as of Sep 24, 2026), against a price of 1,458 KRW. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is M2N Co.Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 033310 trades above its calculated fair value: price 1,458 KRW, fair value 753.29 KRW, a gap of about −48% (overvalued). 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 033310?
No. The price is what the market pays today (1,458 KRW); the fair value is what the company's own numbers justify (753.29 KRW). For M2N Co.Ltd the two are 704.71 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is M2N Co.Ltd worth?
The market values M2N Co.Ltd at about 57.7B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 1,458 KRW; our models calculate a fair value of 753.29 KRW per share.
What do the bullish and bearish scenarios say about 033310?
Our models span a range for M2N Co.Ltd: cautious scenario 409.60 KRW, base 753.29 KRW, optimistic 1,243 KRW per share (as of Sep 24, 2026, price 1,458 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of M2N Co.Ltd (033310)?
Balance-sheet figures for M2N Co.Ltd (as of Sep 24, 2026): return on equity 165.5%, debt of 0.07 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 033310 from its 52-week high?
M2N Co.Ltd trades at 1,458 KRW, about 36% below its 52-week high of 2,280 KRW and 21% above the low of 1,206 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 753.29 KRW is for.
Which stocks are comparable to M2N Co.Ltd?
From the same area (Basic Materials) we also value DAIOS, Daelim Paper Co, RDBRL, ECOPLAST, 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 M2N Co.Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 1,458 KRW, calculated fair value 753.29 KRW (−48%), Quality Score 44/100, from 12 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 033310 calculated?
We run M2N Co.Ltd through 12 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 753.29 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 14.1 % above its aggregate fair value. M2N Co.Ltd itself currently trades above fair value. 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 M2N Co.Ltd (033310)?
The closing price on Sep 23, 2026 was 1,458 KRW. Our model-based fair value is 753.29 KRW, about −48% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with M2N Co.Ltd right now?
The price sits above even our optimistic bull case (1,243 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. The model range is unusually wide (409.60 KRW to 1,243 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of M2N Co.Ltd
How large is the market capitalisation of M2N Co.Ltd (033310)?
The market capitalisation of M2N Co.Ltd is 57.7B KRW (≈ $40.4M). 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 M2N Co.Ltd (033310)?
The price-to-sales ratio of M2N Co.Ltd is 1.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of M2N Co.Ltd (033310)?
The net margin of M2N Co.Ltd is −0.7% (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 M2N Co.Ltd (033310)?
The return on equity (ROE) of M2N Co.Ltd is 166% (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 M2N Co.Ltd (033310)?
On an EBIT basis the return on assets of M2N Co.Ltd is 0.4% (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 M2N Co.Ltd (033310)?
The operating margin of M2N Co.Ltd is −10.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at M2N Co.Ltd (033310)?
Revenue at M2N Co.Ltd is growing −7.5% versus a year earlier (3y avg +44.9%). 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 M2N Co.Ltd (033310)?
Earnings per share at M2N Co.Ltd are growing +43.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does M2N Co.Ltd (033310) carry?
The net debt of M2N Co.Ltd is 16.4B KRW (fiscal year 2025, ≈ 47.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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