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Daesung Microbiological Labs. Co (036480) Fair Value & Analysis

Healthcare · KR · Market cap 24.7B KRW

DM Daesung Microbiological Labs. Co 036480 · KQ
Price6,340 KRW
Fair Value1,970 KRW
Upside-68.9%
Quality61/100
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Weak Growth
Thin margins · 2.5% net margin
Low debt · generates free cash flow
1.15% dividend yield
Ranks above peers (7/11)
Narrow moat 24/100
Evidence: High Range 1,189 KRW – 2,755 KRW Share as image

Fair value as of: Jul 20, 2026

From 19 valuation models · updated 21 days ago

Share price +2.3% over the past month.

A solid business, but screening 69% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2,755 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (1,189 KRW to 2,755 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

21,665 KRW 5,590 KRW Fair Value 1,970 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 5,590 KRW – 21,665 KRW · fair‑value band 1,189 KRW – 2,755 KRW · the 6,340 KRW price screens above the 1,970 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Daesung Microbiological Labs. Co (036480) currently trades at 6,340 KRW, while our model-based Fair Value estimate is 1,970 KRW, implying the stock looks roughly 68.9% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Healthcare 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: high).

Over the trailing twelve months, Daesung Microbiological Labs. Co generated revenue of 25.9B KRW at a net margin of 2.5%. Revenue declined 2.3% year over year. It earns a return on equity of 1.9%. Net debt stands at 16.2B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 1,189 KRW (bear case) to 2,755 KRW (bull case); at 6,340 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 42% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -69%, 036480 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.

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 211.38 KRW 1,195 KRW 2,949 KRW 80
Residual Income 6,495 KRW 6,116 KRW 4,706 KRW 76
Rev-Margin DCF 194.06 KRW 1,239 KRW 74
All 19 models by family
DCF Models
FCF DCF 92.97 KRW 1,101 KRW 3,057 KRW 38
Owner Earnings 4,593 KRW 7,256 KRW 12,427 KRW 31
5Y Revenue Exit 130.97 KRW 1,257 KRW 39
5Y EBITDA Exit 447.73 KRW 1,972 KRW 4,031 KRW 41
5Y P/E Exit 818.02 KRW 38
10Y Revenue Exit 233.57 KRW 934.95 KRW 36
10Y EBITDA Exit 287.10 KRW 1,412 KRW 2,649 KRW 37
10Y P/E Exit 128.80 KRW 663.91 KRW 35
Earnings-Based
Graham-Dodd 1,070 KRW 1,542 KRW 1,814 KRW 54
Multiples
P/E Multiple 1,653 KRW 2,204 KRW 2,755 KRW 63
P/S Multiple 2,007 KRW 2,676 KRW 3,345 KRW 58
P/B Multiple 2,007 KRW 2,676 KRW 3,345 KRW 55
EV/EBITDA 1,208 KRW 2,493 KRW 3,778 KRW 54
EV/Revenue 530.75 KRW 43
Asset-Based
NCAV (Graham) 4,661 KRW 6,245 KRW 9,321 KRW 50
Growth DCF
Growth DCF 211.38 KRW 1,195 KRW 2,949 KRW 80
Rev-Margin DCF 194.06 KRW 1,239 KRW 74
Economic Profit
Residual Income 6,495 KRW 6,116 KRW 4,706 KRW 76
Growth Earnings
Growth-Adj P/E 1,189 KRW 1,699 KRW 2,209 KRW 68

Widest divergence: Asset-Based (6,245 KRW) versus Growth DCF (194.06 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 25.9B KRW
Revenue growth (YoY) -2.3%
Net margin 2.5%
Return on equity 1.9%
Free cash flow 1.1B KRW FY2025
Operating margin -10.2%
More key figures
Dividend yield 1.2%
EPS growth (YoY) -75.4%
Net debt 16.2B KRW FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 59 · Market factors (momentum, volatility) 31

Profitability 22
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 82
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

Daesung Microbiological Labs. Co., Ltd. manufactures and sells vaccines for swine, poultry, canine, cattle, and fish in South Korea. It offers antibiotics and antibacterials, parasiticides and disinfectants, probiotics and enzyme products, and nutrients and pharmaceuticals. The company also exports its products. Daesung Microbiological Labs. Co., Ltd.

Full company description

Daesung Microbiological Labs. Co., Ltd. manufactures and sells vaccines for swine, poultry, canine, cattle, and fish in South Korea. It offers antibiotics and antibacterials, parasiticides and disinfectants, probiotics and enzyme products, and nutrients and pharmaceuticals. The company also exports its products. Daesung Microbiological Labs. Co., Ltd. was founded in 1966 and is headquartered in Uiwang-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Daesung Microbiological Labs. Co reported revenue of 26.0B KRW in FY2025 versus 24.0B KRW in FY2021, a compound +2.0%/yr. Reported net income was 598M KRW in FY2025, compounding −8.8%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
26.0B KRW
Latest YoY
+9.2%
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.
+0.6%
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.
+0.9%
Avg. growth/yr (13Y) 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.
+3.6%
Revenue +2.0%/yr
FY21 24.0B KRW
FY22 25.5B KRW
FY23 25.6B KRW
FY24 23.8B KRW
FY25 26.0B KRW
Net income −8.8%/yr
FY21 866M KRW
FY22 1.7B KRW
FY23 −680M KRW
FY24 −1.8B KRW
FY25 598M KRW

036480 screens 69% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Daesung Microbiological Labs. Co Fair Value". https://www.fairvalue-calculator.com/stock/036480

Peer Group

Biotechnology · 601 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 61 · Top 25%
Fair Value upside −69% · Below median
Return on equity (TTM) 2% · Above median
Return on assets 1% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) -10% · Below median
Revenue growth -2% · Below median
Dividend yield (TTM) 1.2% · Above median
Debt / equity 0.38× · Higher than 75% of peers

Valuation Multiples vs Biotechnology median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 3.3× · 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 0 · sector 0
FUTURE 0 · sector 0
PAST 8 · sector 0
HEALTH 81 · sector 98
DIVIDEND 23 · sector 23

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.

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%

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Frequently asked questions

Is Daesung Microbiological Labs. Co (036480) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 1,970 KRW versus a price of 6,340 KRW, about −69% (overvalued).
What is the fair value of 036480?
Our model-based fair value for Daesung Microbiological Labs. Co is 1,970 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 6,340 KRW.
What is the quality score of 036480?
Daesung Microbiological Labs. Co has a Quality Score of 61/100. 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 Daesung Microbiological Labs. Co (036480)?
Daesung Microbiological Labs. Co reported trailing-twelve-month revenue of about 25.9B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 036480?
The net profit margin of Daesung Microbiological Labs. Co is about 2.5%, meaning it keeps roughly 2.5% of revenue as net income. Based on the latest reported figures.
Does Daesung Microbiological Labs. Co pay a dividend?
Daesung Microbiological Labs. Co currently shows a dividend yield of about 1.17% relative to its recent price (as of Jul 20, 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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