Woowon Development Co. Ltd (046940) Fair Value & Analysis
Industrials · KR · Market cap 53.7B KRW
Strengths
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 7 days ago
Fair value updated Aug 13, 2026, revised from 4,096 KRW to 3,945 KRW (−3.7%) since Jul 22, 2026.
A strong business, screening 36% undervalued on our models.
What matters now
- The rarer combination: high quality (78/100) AND below fair value. That earns a closer look rather than a quick verdict.
- A fairly wide model range (2,799 KRW to 5,259 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 Aug 13, 2026.
How to read this chart
60‑month range 1,992 KRW – 7,542 KRW · fair‑value band 2,799 KRW – 5,259 KRW · the 2,900 KRW price screens below the 3,945 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.
Analysis
Woowon Development Co. Ltd (046940) currently trades at 2,900 KRW, while our model-based Fair Value estimate is 3,945 KRW, implying the stock looks roughly 36.0% undervalued today. The Quality Score stands at 78/100 (high quality), in the Industrials 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, Woowon Development Co. Ltd generated revenue of 348B KRW at a net margin of 14.0%. Revenue declined 31.7% year over year. It earns a return on equity of 37.2%. Net debt stands at 10.2B KRW. Fundamentals as of Aug 13, 2026
Our scenario range runs from 2,799 KRW (bear case) to 5,259 KRW (bull case); at 2,900 KRW, the current price sits within 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 56% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 36%, 046940 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 26 models by family
Widest divergence: DCF Models (62,860 KRW) versus Dividend Discount (1,305 KRW). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 78 · Market factors (momentum, volatility) 21
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
Woowon Development Co., Ltd. engages in the construction business. It constructs roads, railways/subways, industrial complexes, ports, rivers, dams, power plants, and overseas construction works. The company was formerly known as Woowon Infra Co., Ltd. and changed its name to Woowon Development Co. Ltd. in August 2010.
Full company description
Woowon Development Co., Ltd. engages in the construction business. It constructs roads, railways/subways, industrial complexes, ports, rivers, dams, power plants, and overseas construction works. The company was formerly known as Woowon Infra Co., Ltd. and changed its name to Woowon Development Co. Ltd. in August 2010. The company was founded in 1983 and is based in Seoul, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Woowon Development Co. Ltd reported revenue of 376B KRW in FY2025 versus 174B KRW in FY2021, a compound +21.2%/yr. Reported net income was 48.0B KRW in FY2025, compounding +152.5%/yr from FY2021.
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Peer Group
Engineering & Construction · 836 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.
Valuation Multiples vs Engineering & Construction 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.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹4,072 | ₹2,196 | -46% |
| Samsung C&T Corporation 028260 | 357,500 KRW | 261,411 KRW | -27% |
| Hyundai Engineering & Construction Co 000720 | 113,700 KRW | 61,453 KRW | -46% |
| Samsung E&A Co 028050 | 49,300 KRW | 43,624 KRW | -12% |
| Rail Vikas Nigam Limited RVNL | ₹228.50 | ₹48.92 | -79% |
| Daewoo Engineering & Construction Co 047040 | 18,400 KRW | 6,507 KRW | -65% |
| KEPCO Engineering & Construction Company 052690 | 99,800 KRW | 19,346 KRW | -81% |
| GS Engineering & Construction Corporation 006360 | 35,200 KRW | 23,135 KRW | -34% |
| DL E&C Co 375500 | 73,500 KRW | 148,433 KRW | +102% |
| KEPCO Plant Service & Engineering Co 051600 | 46,350 KRW | 43,924 KRW | -5% |
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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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