Gyeongnam Steel Co (039240) Fair Value & Analysis
Basic Materials · KR · Market cap 53.9B KRW
Fair value as of: Jul 20, 2026
From 22 valuation models · updated 21 days ago
Share price −4.2% over the past month.
A solid business, screening 64% undervalued on our models.
What matters now
- The price is below even our cautious bear case (2,363 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.
Price vs Fair Value (5 years)
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 1,766 KRW – 10,036 KRW · fair‑value band 2,363 KRW – 3,938 KRW · the 1,921 KRW price screens below the 3,150 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.
Analysis
Gyeongnam Steel Co (039240) currently trades at 1,921 KRW, while our model-based Fair Value estimate is 3,150 KRW, implying the stock looks roughly 64.0% 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, Gyeongnam Steel Co generated revenue of 412B KRW at a net margin of 2.5%. Revenue grew 14.4% year over year. Net debt stands at 9.5B KRW. Fundamentals as of Jul 20, 2026
Our scenario range runs from 2,363 KRW (bear case) to 3,938 KRW (bull case); at 1,921 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 44% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -15% fair-value upside, at 64%, 039240 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.
All 22 models by family
Widest divergence: DCF Models (5,441 KRW) versus Earnings-Based (2,124 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 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 18
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
Gyeongnam Steel Co., Ltd engages in shearing, cutting, and processing of coil products. It is also involved in the sale of coils and sheet metal; and real estate rental business. The company was formerly known as Samhyun Steel and changed its name to Gyeongnam Steel Co. Ltd in 1995. The company was founded in 1990 and is based in Changwon-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Gyeongnam Steel Co reported revenue of 357B KRW in FY2025 versus 342B KRW in FY2021, a compound +1.1%/yr. Reported net income was 4.6B KRW in FY2025, compounding −6.8%/yr from FY2021.
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Peer Group
Metals & Mining · 24 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.
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.
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 Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NIKL NIKL | 3.60 PHP | 6.68 PHP | +86% |
| PX PX | 7.08 PHP | 4.38 PHP | -38% |
| AT AT | 8.30 PHP | 26.74 PHP | +222% |
| LCB LCB | 0.1780 PHP | 0.0300 PHP | -83% |
| LC LC | 0.1780 PHP | 0.0300 PHP | -83% |
| CPM CPM | 2.27 PHP | 0.6300 PHP | -72% |
| FNI FNI | 1.79 PHP | 2.71 PHP | +51% |
| MARC MARC | 0.6100 PHP | 0.4400 PHP | -28% |
| Tplex Co 081150 | 2,630 KRW | 2,240 KRW | -15% |
| PHN PHN | 15.86 PHP | 38.04 PHP | +140% |
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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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