NEXTEEL Co., Ltd. (092790) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of NEXTEEL Co., Ltd. stock KRW 13,181, price KRW 9,810, upside +34.4%, quality 48 out of 100. Rating: undervalued. Calculated from audited financials with 14 of our 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. As of Nov 6, 2026.
How to read this chart
39‑month range 5,693 KRW – 21,850 KRW · fair‑value band 12,592 KRW – 13,968 KRW · the 9,810 KRW price screens below the 13,181 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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NEXTEEL Co., Ltd. manufactures and sells steel pipes in South Korea and internationally.
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It offers casing and tubing pipes for oil well boring and oil production; line pipes for oil, gas, and water transportation in oil and gas industry; carbon steel pipes for structural and mechanical purpose, as well as skelp pipes.
The company also offers colored square pipes and steel pipes for civil, architecture, and other structure. The company was formerly known as Daewon Industrial Co., Ltd. and changed its name to NEXTEEL Co., Ltd. in April 2001.
NEXTEEL Co., Ltd. was founded in 1990 and is headquartered in Pohang, South Korea.
Stock analysis
NEXTEEL Co., Ltd. (092790) currently trades at 9,810 KRW, while our model-based Fair Value estimate is 13,181 KRW, implying the stock looks roughly 26% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 21,039 KRW per share, and 9 of the 14 models we run sit above the 9,810 KRW price.
Bear case: the Asset-Based group reads lowest at 2,290 KRW, and 5 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 12,592 KRW (bear) to 13,968 KRW (bull), the price of 9,810 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 48/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
NEXTEEL Co., Ltd. reported revenue of 551B KRW in FY2025 versus 425B KRW in FY2021, a compound +6.7%/yr. Reported net income was 36.0B KRW in FY2025.
Key figures
Market cap 249B KRW (≈ $186M) Micro · P/E ratio 26.4 · P/S ratio 0.50 · EPS (TTM) 364.50 KRW · Dividend yield 11.8% · Net margin 2.0% · Return on equity 2.0% · Return on assets (EBIT) 14.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (medium confidence).
What moves the price
The share trades about 55% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −39% fair-value upside, at 34%, 092790 screens cheaper than that median.
Fair Value models
Bear12,592 KRWFair Value 13,181 KRWBull13,968 KRW
Price 9,810 KRW · Upside +34.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−0.2%
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.
−6.2%
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
−24.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−35.9%
Dividend (yield on the price)11.8%
Profit margin 2021 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.4% → 7%
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.Metal Fabrication · 266 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+39.5% · Top 25%
Profitability
Return on equity (12 months)2.0% · Below median
Return on assets5.2% · Above median
Net margin (12 months)2.0% · Below median
Operating margin (12 months)3.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)−5.9% · Bottom 25%
Dividend yield (12 months)11.8% · Top 25%
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
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Is NEXTEEL Co., Ltd. (092790) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 13,181 KRW versus a price of 9,810 KRW, about +34% upside (undervalued).
What is the fair value of 092790?
Our model-based fair value for NEXTEEL Co., Ltd. is 13,181 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 9,810 KRW.
What is the quality score of 092790?
NEXTEEL Co., Ltd. has a Quality Score of 48/100. 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 NEXTEEL Co., Ltd. (092790)?
Our model-based price target is the fair value of 13,181 KRW (as of Nov 6, 2026) from 14 valuation models. Cautious scenario 12,592 KRW, optimistic scenario 13,968 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the NEXTEEL Co., Ltd. stock forecast for 2026?
Our models put fair value at 13,181 KRW, about +34% upside versus a price of 9,810 KRW (undervalued). Cautious scenario 12,592 KRW, optimistic scenario 13,968 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of NEXTEEL Co., Ltd. (092790)?
NEXTEEL Co., Ltd. reported trailing-twelve-month revenue of about 484B KRW (latest available figure, as of Nov 6, 2026).
Does NEXTEEL Co., Ltd. pay a dividend?
NEXTEEL Co., Ltd. currently shows a dividend yield of 11.77% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of NEXTEEL Co., Ltd. (092790) and when is the ex-dividend date?
NEXTEEL Co., Ltd. pays a dividend of 1,155 KRW per share a year, a dividend yield of 11.8%. The last ex-dividend date was Aug 19, 2025. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of NEXTEEL Co., Ltd. (092790)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NEXTEEL Co., Ltd. it is 13,181 KRW per share (as of Nov 6, 2026), against a price of 9,810 KRW. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is NEXTEEL Co., Ltd. stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 092790 trades below its calculated fair value: price 9,810 KRW, fair value 13,181 KRW, a gap of about +34% (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 092790?
No. The price is what the market pays today (9,810 KRW); the fair value is what the company's own numbers justify (13,181 KRW). For NEXTEEL Co., Ltd. the two are 3,371 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is NEXTEEL Co., Ltd. worth?
The market values NEXTEEL Co., Ltd. at about 249B KRW (market capitalisation, as of Nov 6, 2026). Per share that is 9,810 KRW; our models calculate a fair value of 13,181 KRW per share.
What do the bullish and bearish scenarios say about 092790?
Our models span a range for NEXTEEL Co., Ltd.: cautious scenario 12,592 KRW, base 13,181 KRW, optimistic 13,968 KRW per share (as of Nov 6, 2026, price 9,810 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 092790?
NEXTEEL Co., Ltd. trades at a price-to-earnings ratio of 26.4 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 13,181 KRW is built from several models across several years. Other multiples: P/B 0.5, P/S 0.5, EV/EBITDA 9.0.
How solid is the balance sheet of NEXTEEL Co., Ltd. (092790)?
Balance-sheet figures for NEXTEEL Co., Ltd. (as of Nov 6, 2026): return on equity 2.0%, debt of 0.11 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 092790 from its 52-week high?
NEXTEEL Co., Ltd. trades at 9,810 KRW, about 55% below its 52-week high of 21,850 KRW and 9% above the low of 8,973 KRW (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 13,181 KRW is for.
Which stocks are comparable to NEXTEEL Co., Ltd.?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, 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 NEXTEEL Co., Ltd. stock attractive at the current price?
The data as of Nov 6, 2026: price 9,810 KRW, calculated fair value 13,181 KRW (+34%), Quality Score 48/100, from 14 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 092790 calculated?
We run NEXTEEL Co., Ltd. through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 13,181 KRW builds on their evidence-weighted average, 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 13.7% above its aggregate fair value. NEXTEEL 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 NEXTEEL Co., Ltd. (092790)?
The closing price on Nov 10, 2026 was 9,810 KRW. Our model-based fair value is 13,181 KRW, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NEXTEEL Co., Ltd. right now?
The large discount to fair value meets weak quality (48/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (12,592 KRW). The market is more pessimistic than our downside scenario. The models converge in a tight band (12,592 KRW to 13,968 KRW), unusually little disagreement for a valuation.
Key figures of NEXTEEL Co., Ltd.
How large is the market capitalisation of NEXTEEL Co., Ltd. (092790)?
The market capitalisation of NEXTEEL Co., Ltd. is 249B KRW (≈ $186M). 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 NEXTEEL Co., Ltd. (092790)?
The price-to-sales ratio of NEXTEEL Co., Ltd. is 0.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NEXTEEL Co., Ltd. (092790)?
Earnings per share at NEXTEEL Co., Ltd. are 364.50 KRW (price ÷ EPS = P/E 26.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of NEXTEEL Co., Ltd. (092790)?
The dividend yield of NEXTEEL Co., Ltd. is 11.8%. 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 NEXTEEL Co., Ltd. (092790)?
The net margin of NEXTEEL Co., Ltd. is 2.0% (last twelve months). 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 NEXTEEL Co., Ltd. (092790)?
The return on equity (ROE) of NEXTEEL Co., Ltd. is 2.0% (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 NEXTEEL Co., Ltd. (092790)?
On an EBIT basis the return on assets of NEXTEEL Co., Ltd. is 14.8% (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 NEXTEEL Co., Ltd. (092790)?
The operating margin of NEXTEEL Co., Ltd. is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NEXTEEL Co., Ltd. (092790)?
Revenue at NEXTEEL Co., Ltd. is growing −5.9% versus a year earlier (3y avg −6.2%). 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 NEXTEEL Co., Ltd. (092790)?
Earnings per share at NEXTEEL Co., Ltd. are growing −95.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does NEXTEEL Co., Ltd. (092790) generate?
The free cash flow of NEXTEEL Co., Ltd. is −20.0B 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 NEXTEEL Co., Ltd. (092790) carry?
The net debt of NEXTEEL Co., Ltd. is 77.9B 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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Nov 6, 2026