TAEYANG Corporation (053620) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of TAEYANG Corporation KRW 11,596, price KRW 6,780, upside +71.0%, quality 61 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 5,528 KRW – 9,757 KRW · fair‑value band 8,654 KRW – 15,185 KRW · the 6,780 KRW price screens below the 11,596 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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TAEYANG Corporation provides portable butane gas cartridges, stoves, and gas filling and aerosol products in South Korea.
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TAEYANG Corporation provides portable butane gas cartridges, stoves, and gas filling and aerosol products in South Korea. It offers portable fuel products, including portable butane gas, portable lighter gas refills, portable camping gas, portable fuel, sun fuel gas stoves, and mini sun fuel gas cartridges; LPG and pure butane gas under the ALPS name for use in mountain climbing; and lighter gas, lighter oil, and portable gas products. The company also provides cosmetics, such as hair mousse, hair sprays, skin lotions, shaving foams, deodorants, etc.; medical supplies comprising insecticides and insect repellents; air fresheners and iron glue; and industrial supplies consisting of adhesives, polyurethane, carburetor, printer cleaner, rust, frost removers, etc. In addition, it offers household items, including zipper bags, vinyl gloves, roll bags, and paper cups. The company was formerly known as Taeyang Industrial Co., Ltd. and changed its name to TAEYANG Corporation in September 2012. TAEYANG Corporation was founded in 1989 and is headquartered in Seoul, South Korea.
Stock analysis
TAEYANG Corporation (053620) currently trades at 6,780 KRW, while our model-based Fair Value estimate is 11,596 KRW, implying the stock looks roughly 41.5% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 16,346 KRW per share, and 18 of the 22 models we run sit above the 6,780 KRW price.
Bear case: the Earnings-Based group reads lowest at 2,575 KRW, and 4 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: 8,654 KRW (bear) to 15,185 KRW (bull), the price of 6,780 KRW sits below 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 61/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
TAEYANG Corporation reported revenue of 140B KRW in FY2025 versus 150B KRW in FY2021, a compound −1.7%/yr. Reported net income was 11.9B KRW in FY2025, compounding +25.3%/yr from FY2021.
Key figures
Market cap 54.0B KRW (≈ $39.7M) · P/S ratio 0.36 · Dividend yield 5.9% · Net margin 8.4% · Return on equity 9.4% · Return on assets (EBIT) 1.9% · Operating margin 6.8% · Revenue (TTM) 142B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −40% fair-value upside, at 71%, 053620 screens cheaper than that median.
Fair Value models
Bear 8,654 KRWFair Value 11,596 KRWBull 15,185 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.8%
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.
−7.0%
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.
−0.2%
Start year 2020 (pandemic). Over 10 years: −0.4% a year
Revenue growth 14 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.
−1.3%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+18.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.0%
Dividend (yield on the price)5.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.11% vs −1%, picking up
Profit margin 2020 to 2025 ⓘ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.7% → 2%
2025 sits 62% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's 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.Specialty Chemicals · 713 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside+71% · Top 25%
Profitability
Return on equity (TTM)9% · Above median
Return on assets1% · Below median
Net margin (TTM)13% · Top 25%
Operating margin (TTM)7% · Below median
Growth and dividend
Revenue growth3% · Below median
Dividend yield (TTM)5.9% · Top 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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). "TAEYANG Corporation Fair Value". https://www.fairvalue-calculator.com/stock/053620
Frequently asked questions
Is TAEYANG Corporation (053620) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 11,596 KRW versus a price of 6,780 KRW, about +71% upside (undervalued).
What is the fair value of 053620?
Our model-based fair value for TAEYANG Corporation is 11,596 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 6,780 KRW.
What is the quality score of 053620?
TAEYANG Corporation 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 price target for TAEYANG Corporation (053620)?
Our model-based price target is the fair value of 11,596 KRW (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 8,654 KRW, optimistic scenario 15,185 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the TAEYANG Corporation stock forecast for 2026?
Our models put fair value at 11,596 KRW, about +71% upside versus a price of 6,780 KRW (undervalued). Cautious scenario 8,654 KRW, optimistic scenario 15,185 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of TAEYANG Corporation (053620)?
TAEYANG Corporation reported trailing-twelve-month revenue of about 142B KRW (latest available figure, as of Sep 24, 2026).
Does TAEYANG Corporation pay a dividend?
TAEYANG Corporation currently shows a dividend yield of about 5.90% relative to its recent price (as of Sep 24, 2026).
What growth is priced into TAEYANG Corporation (053620)?
For today's price to be fair in a discounted-cash-flow model, TAEYANG Corporation would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 053620 use?
Our models discount TAEYANG Corporation at 8.9 %: a base by market capitalisation (nano), damped by beta 0.31, 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 TAEYANG Corporation that is less than minus 40 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has TAEYANG Corporation (053620) delivered so far?
Over the past 5 years revenue at TAEYANG Corporation grew -0.2 % a year. The price currently implies less than minus 40 % 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 TAEYANG Corporation (053620) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into TAEYANG Corporation (less than minus 40 % 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 TAEYANG Corporation (053620)?
The free-cash-flow yield on the price is 15.32 %: that much free cash flow TAEYANG Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TAEYANG Corporation (053620)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TAEYANG Corporation it is 11,596 KRW per share (as of Sep 24, 2026), against a price of 6,780 KRW. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is TAEYANG Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 053620 trades below its calculated fair value: price 6,780 KRW, fair value 11,596 KRW, a gap of about +71% (undervalued). 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 053620?
No. The price is what the market pays today (6,780 KRW); the fair value is what the company's own numbers justify (11,596 KRW). For TAEYANG Corporation the two are 4,816 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is TAEYANG Corporation worth?
The market values TAEYANG Corporation at about 54.0B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 6,780 KRW; our models calculate a fair value of 11,596 KRW per share.
What do the bullish and bearish scenarios say about 053620?
Our models span a range for TAEYANG Corporation: cautious scenario 8,654 KRW, base 11,596 KRW, optimistic 15,185 KRW per share (as of Sep 24, 2026, price 6,780 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of TAEYANG Corporation (053620)?
Balance-sheet figures for TAEYANG Corporation (as of Sep 24, 2026): return on equity 9.4%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 053620 from its 52-week high?
TAEYANG Corporation trades at 6,780 KRW, about 7% below its 52-week high of 7,320 KRW and 18% above the low of 5,743 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 11,596 KRW is for.
Which stocks are comparable to TAEYANG Corporation?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, 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 TAEYANG Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 6,780 KRW, calculated fair value 11,596 KRW (+71%), Quality Score 61/100, from 22 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 053620 calculated?
We run TAEYANG Corporation through 22 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 11,596 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 13.0 % above its aggregate fair value. TAEYANG Corporation currently trades 71 % below its own fair value, and the market average says nothing about that. 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 TAEYANG Corporation (053620)?
The closing price on Sep 23, 2026 was 6,780 KRW. Our model-based fair value is 11,596 KRW, about +71% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TAEYANG Corporation right now?
The price is below even our cautious bear case (8,654 KRW). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of TAEYANG Corporation
How large is the market capitalisation of TAEYANG Corporation (053620)?
The market capitalisation of TAEYANG Corporation is 54.0B KRW (≈ $39.7M). 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 TAEYANG Corporation (053620)?
The price-to-sales ratio of TAEYANG Corporation is 0.36 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of TAEYANG Corporation (053620)?
The dividend yield of TAEYANG Corporation is 5.9%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TAEYANG Corporation (053620)?
The net margin of TAEYANG Corporation is 8.4% (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 TAEYANG Corporation (053620)?
The return on equity (ROE) of TAEYANG Corporation is 9.4% (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 TAEYANG Corporation (053620)?
On an EBIT basis the return on assets of TAEYANG Corporation is 1.9% (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 TAEYANG Corporation (053620)?
The operating margin of TAEYANG Corporation is 6.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TAEYANG Corporation (053620)?
Revenue at TAEYANG Corporation is growing +3.4% versus a year earlier (3y avg −7.0%). 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 TAEYANG Corporation (053620)?
Earnings per share at TAEYANG Corporation are growing +253% versus a year earlier. How much earnings per share grew versus a year earlier.
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