DNF Co.Ltd (092070) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of DNF Co.Ltd KRW 16,471, price KRW 13,050, upside +26.2%, quality 67 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 7,513 KRW – 28,775 KRW · the 13,050 KRW price screens below the 16,471 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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DNF Co.,Ltd. engages in the semiconductor and display industry development businesses in South Korea and internationally.
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DNF Co.,Ltd. engages in the semiconductor and display industry development businesses in South Korea and internationally. The company research, develops, and supplies materials for semiconductor devices, including barrier metals, electronic materials, gap fill materials, high-k and low-k devices, metallization metals, etc.; and electrode and SiO2/SiN materials, as well as patterning materials for circuit on wafer, such as etch hard mask films, DPT materials, GST for PRAM, etc. It also provides functional coating materials for use in home appliances, building materials, display films, anti-glare, ceramic insulating, and automobiles; monodisperse nanoparticles for energy related products; BIPV solar color glasses. The company was founded in 2001 and is headquartered in Daejeon, South Korea.
Stock analysis
DNF Co.Ltd (092070) currently trades at 13,050 KRW, while our model-based Fair Value estimate is 16,471 KRW, implying the stock looks roughly 20.8% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 10,845 KRW per share, and 2 of the 19 models we run sit above the 13,050 KRW price.
Bear case: the Growth Earnings group reads lowest at 2,439 KRW, and 17 of the 19 models stay below the price. Evidence for this calculation is medium.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
DNF Co.Ltd reported revenue of 79.1B KRW in FY2025 versus 127B KRW in FY2021, a compound −11.2%/yr. Reported net income was 1.2B KRW in FY2025, compounding −43.3%/yr from FY2021.
Key figures
Market cap 147B KRW (≈ $103M) · P/S ratio 0.98 · Dividend yield 0.5% · Net margin 1.6% · Return on equity −113% · Return on assets (EBIT) 2.8% · Operating margin 13.7% · Revenue (TTM) 141B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 49% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −42% fair-value upside, at 26%, 092070 screens cheaper than that median.
Fair Value models
Bear 16,471 KRWFair Value 16,471 KRWBull 16,471 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 growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+7.0%
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.
−6.5%
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.
−3.6%
Start year 2020 (pandemic). Over 10 years: +1.0% a year
Revenue growth 11 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.
+2.3%
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What shareholders gained per year (last 5 years), in KRW ⓘ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. 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.
−35.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−36.1%
Dividend (yield on the price)0.5%
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.−36% vs −20%, 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.12% → −1%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+10.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +8.3% a year for the price.
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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.Semiconductors & Semiconductor Equipment · 48 stocks
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Cite: Fair Value Calculator (2026). "DNF Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/092070
Frequently asked questions
Is DNF Co.Ltd (092070) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 16,471 KRW versus a price of 13,050 KRW, about +26% upside (undervalued).
What is the fair value of 092070?
Our model-based fair value for DNF Co.Ltd is 16,471 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 13,050 KRW.
What is the quality score of 092070?
DNF Co.Ltd has a Quality Score of 67/100. 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 DNF Co.Ltd (092070)?
Our model-based price target is the fair value of 16,471 KRW (as of Sep 24, 2026) from 19 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the DNF Co.Ltd stock forecast for 2026?
Our models put fair value at 16,471 KRW, about +26% upside versus a price of 13,050 KRW (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of DNF Co.Ltd (092070)?
DNF Co.Ltd reported trailing-twelve-month revenue of about 141B KRW (latest available figure, as of Sep 24, 2026).
Does DNF Co.Ltd pay a dividend?
DNF Co.Ltd currently shows a dividend yield of about 0.52% relative to its recent price (as of Sep 24, 2026).
What growth is priced into DNF Co.Ltd (092070)?
For today's price to be fair in a discounted-cash-flow model, DNF Co.Ltd would have to grow free cash flow by +10.5 % per year for five years (discount rate 14.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 092070 use?
Our models discount DNF Co.Ltd at 14.3 %: a base by market capitalisation (micro), damped by beta 1.36, 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 DNF Co.Ltd that is +10.5 % per year a year over ten years, using the same discount rate (14.3 %) and the same formula as our fair value.
How much growth has DNF Co.Ltd (092070) delivered so far?
Over the past 5 years revenue at DNF Co.Ltd grew -3.6 % a year. The price currently implies +10.5 % 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 DNF Co.Ltd (092070) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into DNF Co.Ltd (+10.5 % 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 DNF Co.Ltd (092070)?
The free-cash-flow yield on the price is 7.52 %: that much free cash flow DNF Co.Ltd produces per unit of market value. When it exceeds the discount rate of our models (14.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of DNF Co.Ltd (092070)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DNF Co.Ltd it is 16,471 KRW per share (as of Sep 24, 2026), against a price of 13,050 KRW. It is the blended result of 19 valuation models (cash flow, earnings, asset, dividend).
Is DNF Co.Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 092070 trades below its calculated fair value: price 13,050 KRW, fair value 16,471 KRW, a gap of about +26% (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 092070?
No. The price is what the market pays today (13,050 KRW); the fair value is what the company's own numbers justify (16,471 KRW). For DNF Co.Ltd the two are 3,421 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is DNF Co.Ltd worth?
The market values DNF Co.Ltd at about 147B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 13,050 KRW; our models calculate a fair value of 16,471 KRW per share.
How solid is the balance sheet of DNF Co.Ltd (092070)?
Balance-sheet figures for DNF Co.Ltd (as of Sep 24, 2026): return on equity −113.3%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 092070 from its 52-week high?
DNF Co.Ltd trades at 13,050 KRW, about 49% below its 52-week high of 25,400 KRW and 26% above the low of 10,360 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 16,471 KRW is for.
Which stocks are comparable to DNF Co.Ltd?
From the same area (Technology) we also value TES Co, Eugene Technology Co, TSE Co, ISC 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 DNF Co.Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 13,050 KRW, calculated fair value 16,471 KRW (+26%), Quality Score 67/100, from 19 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 092070 calculated?
We run DNF Co.Ltd through 19 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 16,471 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 13.2 % above its aggregate fair value. DNF Co.Ltd currently trades 26 % 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 DNF Co.Ltd (092070)?
The closing price on Sep 23, 2026 was 13,050 KRW. Our model-based fair value is 16,471 KRW, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DNF Co.Ltd right now?
The price is below even our cautious bear case (16,471 KRW). The market is more pessimistic than our downside scenario. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of DNF Co.Ltd
How large is the market capitalisation of DNF Co.Ltd (092070)?
The market capitalisation of DNF Co.Ltd is 147B KRW (≈ $103M). 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 DNF Co.Ltd (092070)?
The price-to-sales ratio of DNF Co.Ltd is 0.98 (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 DNF Co.Ltd (092070)?
The dividend yield of DNF Co.Ltd is 0.5%. 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 DNF Co.Ltd (092070)?
The net margin of DNF Co.Ltd is 1.6% (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 DNF Co.Ltd (092070)?
The return on equity (ROE) of DNF Co.Ltd is −113% (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 DNF Co.Ltd (092070)?
On an EBIT basis the return on assets of DNF Co.Ltd is 2.8% (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 DNF Co.Ltd (092070)?
The operating margin of DNF Co.Ltd is 13.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DNF Co.Ltd (092070)?
Revenue at DNF Co.Ltd is growing +3.2% versus a year earlier (3y avg −6.5%). 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 DNF Co.Ltd (092070)?
Earnings per share at DNF Co.Ltd are growing +99.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does DNF Co.Ltd (092070) carry?
The net debt of DNF Co.Ltd is 11.4B KRW (fiscal year 2022, ≈ 1.0 yrs of FCF). 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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