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Daewon Media Co (048910) Fair Value & Analysis

Communication Services · KR · Market cap 57.8B KRW

DM Daewon Media Co 048910 · KQ
Price4,985 KRW
Fair Value8,665 KRW
Upside+73.8%
Quality55/100
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Expensive Growth
Thin margins · 1.8% net margin
Low debt · negative free cash flow
2.06% dividend yield
Ranks above peers (8/10)
Narrow moat 28/100
Evidence: Medium Range 6,556 KRW – 11,264 KRW Share as image

Fair value as of: Jul 20, 2026

From 15 valuation models · updated 21 days ago

Share price +3.9% over the past month.

A solid business, screening 74% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (6,556 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

46,127 KRW 4,165 KRW Fair Value 8,665 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 4,165 KRW – 46,127 KRW · fair‑value band 6,556 KRW – 11,264 KRW · the 4,985 KRW price screens below the 8,665 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

Daewon Media Co (048910) currently trades at 4,985 KRW, while our model-based Fair Value estimate is 8,665 KRW, implying the stock looks roughly 73.8% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Communication Services 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: medium), always confirm before acting.

Over the trailing twelve months, Daewon Media Co generated revenue of 387B KRW at a net margin of 1.8%. Revenue grew 74.7% year over year. It earns a return on equity of 4.7%. Net debt stands at 29.6B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 6,556 KRW (bear case) to 11,264 KRW (bull case); at 4,985 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 60% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at 74%, 048910 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.

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
Residual Income 6,417 KRW 6,537 KRW 6,397 KRW 76
ROIC Compounder 4,656 KRW 5,622 KRW 6,467 KRW 72
Growth-Adj P/E 6,065 KRW 8,665 KRW 11,264 KRW 68
All 15 models by family
DCF Models
Owner Earnings 5,967 KRW 11,729 KRW 21,757 KRW 31
Earnings-Based
Graham-Dodd 3,029 KRW 14,059 KRW 19,311 KRW 54
Lynch FV 3,707 KRW 5,296 KRW 6,885 KRW 50
PEG = 1.0 3,707 KRW 5,296 KRW 6,885 KRW 46
EPV 4,656 KRW 5,622 KRW 6,467 KRW 59
Multiples
P/E Multiple 7,349 KRW 9,799 KRW 12,249 KRW 63
P/S Multiple 5,679 KRW 7,572 KRW 9,465 KRW 58
P/B Multiple 5,679 KRW 7,572 KRW 9,465 KRW 55
EV/EBIT 8,595 KRW 11,840 KRW 15,085 KRW 53
EV/EBITDA 19,072 KRW 25,809 KRW 32,546 KRW 54
EV/Revenue 6,243 KRW 9,407 KRW 12,570 KRW 43
Asset-Based
NCAV (Graham) 4,141 KRW 5,549 KRW 8,282 KRW 50
Economic Profit
Residual Income 6,417 KRW 6,537 KRW 6,397 KRW 76
ROIC Compounder 4,656 KRW 5,622 KRW 6,467 KRW 72
Growth Earnings
Growth-Adj P/E 6,065 KRW 8,665 KRW 11,264 KRW 68

Widest divergence: DCF Models (11,729 KRW) versus Earnings-Based (5,296 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 387B KRW
Revenue growth (YoY) +74.7%
Net margin 1.8%
Return on equity 4.7%
Free cash flow −9.0B KRW FY2025
Operating margin 1.9%
More key figures
Dividend yield 2.1%
EPS growth (YoY) +58.0%
Net debt 29.6B KRW FY2025

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 54 · Market factors (momentum, volatility) 20

Profitability 46
Margins and returns on capital today
Quality Growth 79
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 68
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

Daewon Media Co., Ltd. operates as an animation content production and distribution company in South Korea. It produces animated movies and TV series; 3D animations; and online and mobile games, as well as games for Nintendo 3DS and DS. The company also provides Yu-Gi-Oh!, a trading card game based on Yu-Gi-Oh!

Full company description

Daewon Media Co., Ltd. operates as an animation content production and distribution company in South Korea. It produces animated movies and TV series; 3D animations; and online and mobile games, as well as games for Nintendo 3DS and DS. The company also provides Yu-Gi-Oh!, a trading card game based on Yu-Gi-Oh! animation series, as well as card fight and sports collection cards. In addition, it is involved in brand licensing; exhibition and performance; branded retail; and toy/hobby game distribution businesses, as well as operation of character and collaboration pop-up stores, and third party branded retail store. The company was formerly known as Daiwon C&A Holdings Co., Ltd. and changed its name to Daewon Media Co., Ltd. in 2007. Daewon Media Co., Ltd. was founded in 1973 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

Daewon Media Co reported revenue of 343B KRW in FY2025 versus 300B KRW in FY2021, a compound +3.4%/yr. Reported net income was 5.5B KRW in FY2025, compounding −0.8%/yr from FY2021.

Growth Quality 37/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
343B KRW
Latest YoY
+33.7%
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.
+4.2%
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.
+5.2%
Avg. growth/yr (21Y) 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.
+12.4%
Revenue +3.4%/yr
FY21 300B KRW
FY22 303B KRW
FY23 316B KRW
FY24 256B KRW
FY25 343B KRW
Net income −0.8%/yr
FY21 5.7B KRW
FY22 5.6B KRW
FY23 6.2B KRW
FY24 −1.6B KRW
FY25 5.5B KRW

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Cite: Fair Value Calculator (2026). "Daewon Media Co Fair Value". https://www.fairvalue-calculator.com/stock/048910

Peer Group

Entertainment · 265 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 55 · Above median
Fair Value upside +74% · Top 25%
Return on equity (TTM) 5% · Above median
Return on assets 3% · Above median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 2% · Above median
Revenue growth 75% · Top 25%
Dividend yield (TTM) 2.1% · Below median
Debt / equity 0.29× · Higher than median

Valuation Multiples vs Entertainment median · lower = cheaper

EV/EBITDA 0.5× · 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 100 · sector 6
FUTURE 100 · sector 10
PAST 19 · sector 0
HEALTH 85 · sector 97
DIVIDEND 41 · sector 44

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

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.77 C$2.96 -56%
The Walt Disney Company DIS $96.30 $89.55 -7%
Warner Bros. Discovery, Inc WBD $26.87 $9.13 -66%
Live Nation Entertainment, Inc LYV $178.44 $46.89 -74%
Universal Music Group UMG €18.91 €14.78 -22%
TKO Group TKO $184.40 $22.16 -88%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 60.49 MXN +10%
Beijing Enlight Media Co 300251 ¥11.77 ¥10.97 -7%
PT MNC Digital Entertainment Tbk, MSIN 456.00 IDR 221.09 IDR -52%
Prime Focus Limited PFOCUS ₹298.25 ₹63.45 -79%

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Frequently asked questions

Is Daewon Media Co (048910) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 8,665 KRW versus a price of 4,985 KRW, about +74% (undervalued).
What is the fair value of 048910?
Our model-based fair value for Daewon Media Co is 8,665 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 4,985 KRW.
What is the quality score of 048910?
Daewon Media Co has a Quality Score of 55/100. 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 Daewon Media Co (048910)?
Daewon Media Co reported trailing-twelve-month revenue of about 387B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 048910?
The net profit margin of Daewon Media Co is about 1.8%, meaning it keeps roughly 1.8% of revenue as net income. Based on the latest reported figures.
Does Daewon Media Co pay a dividend?
Daewon Media Co currently shows a dividend yield of about 2.06% 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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