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Daehan Steel Co (084010) Fair Value & Analysis

Basic Materials · KR · Market cap 215B KRW

DS Daehan Steel Co 084010 · KO
Price8,550 KRW
Fair Value13,680 KRW
Upside+60.0%
Quality41/100
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Healthy Growth
Thin margins · 0.6% net margin
Low debt · generates free cash flow
4.14% dividend yield
Mixed vs. peers (5/10)
Narrow moat 20/100
Evidence: Medium Range 10,260 KRW – 17,100 KRW Share as image

Fair value as of: Jul 22, 2026

From 19 valuation models · updated 19 days ago

Share price +12.8% over the past month.

Below-average quality, screening 60% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (10,260 KRW). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

20,484 KRW 4,622 KRW Fair Value 13,680 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 4,622 KRW – 20,484 KRW · fair‑value band 10,260 KRW – 17,100 KRW · the 8,550 KRW price screens below the 13,680 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Daehan Steel Co (084010) currently trades at 8,550 KRW, while our model-based Fair Value estimate is 13,680 KRW, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 41/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, Daehan Steel Co generated revenue of 1.3T KRW at a net margin of 0.6%. Revenue grew 5.5% year over year. It earns a return on equity of 0.8%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 10,260 KRW (bear case) to 17,100 KRW (bull case); at 8,550 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 40% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -25% fair-value upside, at 60%, 084010 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
Growth DCF 11,671 KRW 14,227 KRW 18,477 KRW 80
Residual Income 19,736 KRW 18,764 KRW 14,913 KRW 76
Rev-Margin DCF 10,506 KRW 13,111 KRW 16,167 KRW 74
All 19 models by family
DCF Models
FCF DCF 11,402 KRW 14,030 KRW 18,689 KRW 38
Owner Earnings 13,088 KRW 16,400 KRW 22,272 KRW 31
5Y Revenue Exit 10,506 KRW 13,007 KRW 16,412 KRW 39
5Y EBITDA Exit 11,087 KRW 14,007 KRW 17,616 KRW 41
5Y P/E Exit 10,859 KRW 13,615 KRW 16,670 KRW 38
10Y Revenue Exit 10,621 KRW 12,909 KRW 15,563 KRW 36
10Y EBITDA Exit 11,146 KRW 13,589 KRW 16,400 KRW 37
10Y P/E Exit 11,002 KRW 13,322 KRW 15,742 KRW 35
Earnings-Based
Graham-Dodd 3,466 KRW 6,409 KRW 7,944 KRW 54
Multiples
P/E Multiple 6,499 KRW 8,665 KRW 10,831 KRW 63
P/S Multiple 6,499 KRW 8,665 KRW 10,831 KRW 58
P/B Multiple 6,499 KRW 8,665 KRW 10,831 KRW 55
EV/EBITDA 11,833 KRW 14,136 KRW 16,440 KRW 54
EV/Revenue 10,397 KRW 12,742 KRW 15,087 KRW 43
Asset-Based
NCAV (Graham) 13,878 KRW 18,597 KRW 27,757 KRW 50
Growth DCF
Growth DCF 11,671 KRW 14,227 KRW 18,477 KRW 80
Rev-Margin DCF 10,506 KRW 13,111 KRW 16,167 KRW 74
Economic Profit
Residual Income 19,736 KRW 18,764 KRW 14,913 KRW 76
Growth Earnings
Growth-Adj P/E 4,664 KRW 6,663 KRW 8,662 KRW 68

Widest divergence: Economic Profit (18,764 KRW) versus Earnings-Based (6,409 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.3T KRW
Revenue growth (YoY) +5.5%
Net margin 0.6%
Return on equity 0.8%
Free cash flow 17.3B KRW FY2025
Operating margin 0.0%
More key figures
Dividend yield 4.1%
EPS growth (YoY) -12.8%

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 45 · Market factors (momentum, volatility) 19

Profitability 29
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 0
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

Daehan Steel Co., Ltd. engages in the manufacture and sale of steel products in South Korea and internationally. It offers square billets; deformed bars used as construction material for building concrete structures; processed rebars; and bars in coils for reducing the loss of rebar and enhancing productivity.

Full company description

Daehan Steel Co., Ltd. engages in the manufacture and sale of steel products in South Korea and internationally. It offers square billets; deformed bars used as construction material for building concrete structures; processed rebars; and bars in coils for reducing the loss of rebar and enhancing productivity. The company was founded in 1954 and is headquartered in Busan, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Daehan Steel Co reported revenue of 1.2T KRW in FY2025 versus 2.0T KRW in FY2021, a compound −11.5%/yr. Reported net income was 14.7B KRW in FY2025, compounding −43.2%/yr from FY2021.

Growth Quality 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.2T KRW
Latest YoY
+1.8%
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.
−16.5%
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.
+2.6%
Avg. growth/yr (15Y) 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.
+3.0%
Revenue −11.5%/yr
FY21 2.0T KRW
FY22 2.1T KRW
FY23 1.4T KRW
FY24 1.2T KRW
FY25 1.2T KRW
Net income −43.2%/yr
FY21 142B KRW
FY22 126B KRW
FY23 72.0B KRW
FY24 37.5B KRW
FY25 14.7B KRW

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Cite: Fair Value Calculator (2026). "Daehan Steel Co Fair Value". https://www.fairvalue-calculator.com/stock/084010

Peer Group

Steel · 378 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 41 · Bottom 25%
Fair Value upside +33% · Top 25%
Return on equity (TTM) 1% · Below median
Return on assets -0% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 6% · Above median
Dividend yield (TTM) 4.1% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Steel median · lower = cheaper

P/FCF 0.0× · 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 78 · sector 19
FUTURE 28 · sector 4
PAST 3 · sector 15
HEALTH 99 · sector 95
DIVIDEND 83 · sector 41

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 Steel stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
SSAB AB SSABA kr 96.04 kr 72.43 -25%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%

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Frequently asked questions

Is Daehan Steel Co (084010) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 13,680 KRW versus a price of 8,550 KRW, about +60% (undervalued).
What is the fair value of 084010?
Our model-based fair value for Daehan Steel Co is 13,680 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 8,550 KRW.
What is the quality score of 084010?
Daehan Steel Co has a Quality Score of 41/100. 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 Daehan Steel Co (084010)?
Daehan Steel Co reported trailing-twelve-month revenue of about 1.3T KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 084010?
The net profit margin of Daehan Steel Co is about 0.6%, meaning it keeps roughly 0.6% of revenue as net income. Based on the latest reported figures.
Does Daehan Steel Co pay a dividend?
Daehan Steel Co currently shows a dividend yield of about 3.65% relative to its recent price (as of Jul 22, 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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