Daejoo Electronic Materials Co. Ltd (078600) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Daejoo Electronic Materials Co. Ltd KRW 25,198, price KRW 86,200, upside -70.8%, quality 35 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 23, 2026.
How to read this chart
60‑month range 41,833 KRW – 182,800 KRW · fair‑value band 18,786 KRW – 31,497 KRW · the 86,200 KRW price screens above the 25,198 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 23, 2026.
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Daejoo Electronic Materials Co., Ltd. develops and sells electronic materials in South Korea, China, Taiwan, the United States, Europe, and South East Asia.
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Daejoo Electronic Materials Co., Ltd. develops and sells electronic materials in South Korea, China, Taiwan, the United States, Europe, and South East Asia. It offers high temperature type conductive pastes, including Pb-free resistor, chip component terminal electrode, chip component inner electrode, chip resistor electrode, metal glaze resistor, disc-ceramic, and RF and microwave pastes; conductive pastes for drying-type, gravure roll to roll type, medical electrode, and touch screen panel products; and conductive pastes for curing type designed for end termination electrodes of chip-resistors and chip-inductors, as well as conductive adhesives. The company also provides solar cell front Ag, rear Ag, and rear Al pastes; LED phosphor and phosphor in glass products; polymer materials, such as over glaze pastes for curing type applicable to chip-resistors, insulation materials, and materials for LED; silicon-based lithium ion battery anode materials; and metal powders, including silver powders, silver flakes, monodispersed silver powders, and precious metal powders. In addition, it offers glass materials comprising sealing glasses for low temperature type and laser sealing glasses, as well as glass materials for solar cell electrode pastes, electronic components, and LED applications; organic light emitting device materials; and graphene oxide and reduced graphene oxide products. The company was formerly known as Daejoo Fine Chemical Co., Ltd. and changed its name to Daejoo Electronic Materials Co., Ltd. in April 2003. The company was founded in 1981 and is headquartered in Siheung-si, South Korea.
Stock analysis
Daejoo Electronic Materials Co. Ltd (078600) currently trades at 86,200 KRW, while our model-based Fair Value estimate is 25,198 KRW, implying the stock looks roughly 242.1% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 41,722 KRW per share, and 0 of the 15 models we run sit above the 86,200 KRW price.
Bear case: the Asset-Based group reads lowest at 12,195 KRW, and 15 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 18,786 KRW (bear) to 31,497 KRW (bull), the price of 86,200 KRW sits above 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 35/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Daejoo Electronic Materials Co. Ltd reported revenue of 255B KRW in FY2025 versus 199B KRW in FY2021, a compound +6.4%/yr. Reported net income was 20.7B KRW in FY2025, compounding −2.5%/yr from FY2021.
Key figures
Market cap 1.3T KRW (≈ $904M) · P/S ratio 9.79 · Dividend yield 0.1% · Net margin 8.1% · Return on equity 1,929% · Return on assets (EBIT) 3.5% · Operating margin 8.1% · Revenue (TTM) 187B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 53% below its 52-week high and 46% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 2% fair-value upside, at −71%, 078600 screens richer than that median.
Fair Value models
Bear 18,786 KRWFair Value 25,198 KRWBull 31,497 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.55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+16.1%
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.
+13.5%
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.
+10.5%
Start year 2020 (pandemic). Over 10 years: +16.0% a year
Revenue growth 21 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.
+7.6%
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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.
+17.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.0%
Dividend (yield on the price)0.1%
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.8% vs 38%, slowing
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.6% → 8%
2025 sits 1,937% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Daejoo Electronic Materials Co. Ltd with another stock
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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.Chemicals · 355 stocks
Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside−71% · Bottom 25%
Profitability
Return on assets4% · Above median
Net margin (TTM)10% · Above median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth−24% · Bottom 25%
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.19× · Above median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 24
PAST (return on equity)0· sector 19
HEALTH (low debt)90· sector 94
DIVIDEND (yield)3· sector 31
VALUE 0: the price sits above our fair-value range.
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.
Is Daejoo Electronic Materials Co. Ltd (078600) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 25,198 KRW versus a price of 86,200 KRW, about −71% upside (overvalued).
What is the fair value of 078600?
Our model-based fair value for Daejoo Electronic Materials Co. Ltd is 25,198 KRW (as of Sep 23, 2026), built from audited fundamentals. The current price: 86,200 KRW.
What is the quality score of 078600?
Daejoo Electronic Materials Co. Ltd has a Quality Score of 35/100. 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 Daejoo Electronic Materials Co. Ltd (078600)?
Our model-based price target is the fair value of 25,198 KRW (as of Sep 23, 2026) from 15 valuation models. Cautious scenario 18,786 KRW, optimistic scenario 31,497 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Daejoo Electronic Materials Co. Ltd stock forecast for 2026?
Our models put fair value at 25,198 KRW, about −71% upside versus a price of 86,200 KRW (overvalued). Cautious scenario 18,786 KRW, optimistic scenario 31,497 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Daejoo Electronic Materials Co. Ltd (078600)?
Daejoo Electronic Materials Co. Ltd reported trailing-twelve-month revenue of about 187B KRW (latest available figure, as of Sep 23, 2026).
Does Daejoo Electronic Materials Co. Ltd pay a dividend?
Daejoo Electronic Materials Co. Ltd currently shows a dividend yield of about 0.13% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Daejoo Electronic Materials Co. Ltd (078600)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Daejoo Electronic Materials Co. Ltd it is 25,198 KRW per share (as of Sep 23, 2026), against a price of 86,200 KRW. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Daejoo Electronic Materials Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 078600 trades above its calculated fair value: price 86,200 KRW, fair value 25,198 KRW, a gap of about −71% (overvalued). 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 078600?
No. The price is what the market pays today (86,200 KRW); the fair value is what the company's own numbers justify (25,198 KRW). For Daejoo Electronic Materials Co. Ltd the two are 61,002 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Daejoo Electronic Materials Co. Ltd worth?
The market values Daejoo Electronic Materials Co. Ltd at about 1.3T KRW (market capitalisation, as of Sep 23, 2026). Per share that is 86,200 KRW; our models calculate a fair value of 25,198 KRW per share.
What do the bullish and bearish scenarios say about 078600?
Our models span a range for Daejoo Electronic Materials Co. Ltd: cautious scenario 18,786 KRW, base 25,198 KRW, optimistic 31,497 KRW per share (as of Sep 23, 2026, price 86,200 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Daejoo Electronic Materials Co. Ltd (078600)?
Balance-sheet figures for Daejoo Electronic Materials Co. Ltd (as of Sep 23, 2026): debt of 0.19 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is 078600 from its 52-week high?
Daejoo Electronic Materials Co. Ltd trades at 86,200 KRW, about 53% below its 52-week high of 182,800 KRW and 46% above the low of 59,100 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 25,198 KRW is for.
Which stocks are comparable to Daejoo Electronic Materials Co. Ltd?
From the same area (Basic Materials) we also value BASF SE, Ningxia Baofeng Energy Group, Dow Inc, Zhejiang Juhua Co, 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 Daejoo Electronic Materials Co. Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price 86,200 KRW, calculated fair value 25,198 KRW (−71%), Quality Score 35/100, from 15 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 078600 calculated?
We run Daejoo Electronic Materials Co. Ltd through 15 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 25,198 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 14.1 % above its aggregate fair value. Daejoo Electronic Materials Co. Ltd itself currently trades above fair value. 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 Daejoo Electronic Materials Co. Ltd (078600)?
The closing price on Sep 23, 2026 was 86,200 KRW. Our model-based fair value is 25,198 KRW, about −71% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Daejoo Electronic Materials Co. Ltd right now?
The price sits above even our optimistic bull case (31,497 KRW). The favourable scenario is already priced in. Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Daejoo Electronic Materials Co. Ltd
How large is the market capitalisation of Daejoo Electronic Materials Co. Ltd (078600)?
The market capitalisation of Daejoo Electronic Materials Co. Ltd is 1.3T KRW (≈ $904M). 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 Daejoo Electronic Materials Co. Ltd (078600)?
The price-to-sales ratio of Daejoo Electronic Materials Co. Ltd is 9.79 (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 Daejoo Electronic Materials Co. Ltd (078600)?
The dividend yield of Daejoo Electronic Materials Co. Ltd is 0.1%. 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 Daejoo Electronic Materials Co. Ltd (078600)?
The net margin of Daejoo Electronic Materials Co. Ltd is 8.1% (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 Daejoo Electronic Materials Co. Ltd (078600)?
The return on equity (ROE) of Daejoo Electronic Materials Co. Ltd is 1,929% (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 Daejoo Electronic Materials Co. Ltd (078600)?
On an EBIT basis the return on assets of Daejoo Electronic Materials Co. Ltd is 3.5% (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 Daejoo Electronic Materials Co. Ltd (078600)?
The operating margin of Daejoo Electronic Materials Co. Ltd is 8.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Daejoo Electronic Materials Co. Ltd (078600)?
Revenue at Daejoo Electronic Materials Co. Ltd is growing −23.6% versus a year earlier (3y avg +13.5%). 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 Daejoo Electronic Materials Co. Ltd (078600)?
Earnings per share at Daejoo Electronic Materials Co. Ltd are growing −24.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Daejoo Electronic Materials Co. Ltd (078600) generate?
The free cash flow of Daejoo Electronic Materials Co. Ltd is −12.8B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Daejoo Electronic Materials Co. Ltd (078600) carry?
The net debt of Daejoo Electronic Materials Co. Ltd is 246B KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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