Dongsung Corporation (102260) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Dongsung Corporation KRW 7,776, price KRW 3,615, upside +115.1%, quality 59 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 3,229 KRW – 5,369 KRW · fair‑value band 5,832 KRW – 9,720 KRW · the 3,615 KRW price screens below the 7,776 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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Dongsung Chemical Co., Ltd. manufactures and sells chemical products in South Korea and internationally.
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Dongsung Chemical Co., Ltd. manufactures and sells chemical products in South Korea and internationally. The company offers molding, adhesive, and automobile TPU products for automobile, footwear, construction, and leisure industries; polyurethane resin, a shoe material; polyurethane resin for processing is highly elastic and forms; melamine foams; industrial and functional polyurethane resins; paint; bioplastics; organic peroxides; and functional solvents. It also trades in isoparaffine, solvent and monomer, urethane raw material, and synthetic resin. In addition, the company offers passenger car/commercial vehicle parts; heavy machinery parts; shipbuilding and marine materials, such as ultra-low temperature cold insulators, tank and pipe insulation products, and LNG fuel tanks; and building materials. Further, it provides bio wound care, bio surgery, and bio cosmetic products. The company serves automotive, chemical, consumer, energy, building and construction, and healthcare products. The company was formerly known as DongSung Corporation and changed its name to Dongsung Chemical Co., Ltd. in April 2021. Dongsung Chemical Co., Ltd. was founded in 1959 and is based in Seoul, South Korea.
Stock analysis
Dongsung Corporation (102260) currently trades at 3,615 KRW, while our model-based Fair Value estimate is 7,776 KRW, implying the stock looks roughly 53.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 15,153 KRW per share, and 24 of the 24 models we run sit above the 3,615 KRW price.
Bear case: the Earnings-Based group reads lowest at 3,627 KRW, and 0 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 5,832 KRW (bear) to 9,720 KRW (bull), the price of 3,615 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 59/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Dongsung Corporation reported revenue of 1.2T KRW in FY2025 versus 926B KRW in FY2021, a compound +7.0%/yr. Reported net income was 33.3B KRW in FY2025, compounding +16.7%/yr from FY2021.
Key figures
Market cap 180B KRW (≈ $132M) · P/S ratio 0.14 · Dividend yield 4.1% · Net margin 2.7% · Return on equity 12.9% · Return on assets (EBIT) 7.6% · Operating margin 8.8% · Revenue (TTM) 1.2T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 20% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −27% fair-value upside, at 115%, 102260 screens cheaper than that median.
Fair Value models
Bear 5,832 KRWFair Value 7,776 KRWBull 9,720 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.73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.6%
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.
+2.0%
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.
+6.6%
Start year 2020 (pandemic). Over 10 years: +3.4% a year
Revenue growth 17 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.
+8.8%
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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.
+38.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+34.6%
Dividend (yield on the price)4.1%
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% → 9%
Growth Forecast
Little optimism in the price
The price assumes less 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).
−20.7%
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 −22.3% a year for the 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.Chemicals · 352 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+115% · Top 25%
Profitability
Return on equity (TTM)13% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)3% · Below median
Operating margin (TTM)9% · Above median
Growth and dividend
Revenue growth1% · Below median
Dividend yield (TTM)4.1% · Top 25%
Balance sheet
Debt / equity0.16× · Above median
Valuation Multiplesvs Chemicals median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Dongsung Corporation Fair Value". https://www.fairvalue-calculator.com/stock/102260
Frequently asked questions
Is Dongsung Corporation (102260) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 7,776 KRW versus a price of 3,615 KRW, about +115% upside (undervalued).
What is the fair value of 102260?
Our model-based fair value for Dongsung Corporation is 7,776 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 3,615 KRW.
What is the quality score of 102260?
Dongsung Corporation has a Quality Score of 59/100. 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 Dongsung Corporation (102260)?
Our model-based price target is the fair value of 7,776 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 5,832 KRW, optimistic scenario 9,720 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Dongsung Corporation stock forecast for 2026?
Our models put fair value at 7,776 KRW, about +115% upside versus a price of 3,615 KRW (undervalued). Cautious scenario 5,832 KRW, optimistic scenario 9,720 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Dongsung Corporation (102260)?
Dongsung Corporation reported trailing-twelve-month revenue of about 1.2T KRW (latest available figure, as of Sep 24, 2026).
Does Dongsung Corporation pay a dividend?
Dongsung Corporation currently shows a dividend yield of about 4.15% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Dongsung Corporation (102260)?
For today's price to be fair in a discounted-cash-flow model, Dongsung Corporation would have to grow free cash flow by -20.7 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 102260 use?
Our models discount Dongsung Corporation at 11.6 %: a base by market capitalisation (micro), damped by beta 0.32, 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 Dongsung Corporation that is -20.7 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Dongsung Corporation (102260) delivered so far?
Over the past 5 years revenue at Dongsung Corporation grew +6.6 % a year. The price currently implies -20.7 % 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 Dongsung Corporation (102260) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Dongsung Corporation (-20.7 % 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 Dongsung Corporation (102260)?
The free-cash-flow yield on the price is 30.47 %: that much free cash flow Dongsung Corporation produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dongsung Corporation (102260)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dongsung Corporation it is 7,776 KRW per share (as of Sep 24, 2026), against a price of 3,615 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Dongsung Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 102260 trades below its calculated fair value: price 3,615 KRW, fair value 7,776 KRW, a gap of about +115% (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 102260?
No. The price is what the market pays today (3,615 KRW); the fair value is what the company's own numbers justify (7,776 KRW). For Dongsung Corporation the two are 4,161 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Dongsung Corporation worth?
The market values Dongsung Corporation at about 180B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 3,615 KRW; our models calculate a fair value of 7,776 KRW per share.
What do the bullish and bearish scenarios say about 102260?
Our models span a range for Dongsung Corporation: cautious scenario 5,832 KRW, base 7,776 KRW, optimistic 9,720 KRW per share (as of Sep 24, 2026, price 3,615 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Dongsung Corporation (102260)?
Balance-sheet figures for Dongsung Corporation (as of Sep 24, 2026): return on equity 12.9%, debt of 0.16 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 102260 from its 52-week high?
Dongsung Corporation trades at 3,615 KRW, about 20% below its 52-week high of 4,498 KRW and 10% above the low of 3,295 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 7,776 KRW is for.
Which stocks are comparable to Dongsung Corporation?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Ningxia Baofeng Energy Group, Dow 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 Dongsung Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 3,615 KRW, calculated fair value 7,776 KRW (+115%), Quality Score 59/100, from 24 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 102260 calculated?
We run Dongsung Corporation through 24 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 7,776 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 14.0 % above its aggregate fair value. Dongsung Corporation currently trades 115 % 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 Dongsung Corporation (102260)?
The closing price on Sep 23, 2026 was 3,615 KRW. Our model-based fair value is 7,776 KRW, about +115% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dongsung Corporation right now?
The price is below even our cautious bear case (5,832 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Dongsung Corporation
How large is the market capitalisation of Dongsung Corporation (102260)?
The market capitalisation of Dongsung Corporation is 180B KRW (≈ $132M). 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 Dongsung Corporation (102260)?
The price-to-sales ratio of Dongsung Corporation is 0.14 (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 Dongsung Corporation (102260)?
The dividend yield of Dongsung Corporation is 4.1%. 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 Dongsung Corporation (102260)?
The net margin of Dongsung Corporation is 2.7% (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 Dongsung Corporation (102260)?
The return on equity (ROE) of Dongsung Corporation is 12.9% (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 Dongsung Corporation (102260)?
On an EBIT basis the return on assets of Dongsung Corporation is 7.6% (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 Dongsung Corporation (102260)?
The operating margin of Dongsung Corporation is 8.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dongsung Corporation (102260)?
Revenue at Dongsung Corporation is growing +0.6% versus a year earlier (3y avg +2.0%). 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 Dongsung Corporation (102260)?
Earnings per share at Dongsung Corporation are growing +37.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Dongsung Corporation (102260) carry?
The net debt of Dongsung Corporation is 3.7B KRW (fiscal year 2024, ≈ 0.1 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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