Poongsan (103140) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Poongsan stock KRW 69,121, price KRW 52,400, upside +31.9%, quality 47 out of 100. Rating: undervalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 20,786 KRW – 161,931 KRW · fair‑value band 57,988 KRW – 75,879 KRW · the 52,400 KRW price screens below the 69,121 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Poongsan Corporation manufactures and sells copper and copper-related products in South Korea and internationally.
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It offers fabricated nonferrous material, such as copper and copper alloy sheets and strips; lead frame alloys; coin blanks and commemorative precious metal coin blanks; copper and copper alloy rods, bars, and wires; lead free cutting brass; and stainless-steel strips and high nickel alloys.
The company also provides defense products, including ammunition used in anti-aircraft guns, mortars, howitzers, tank guns, and naval guns; and commercial ammunition for recreational hunting and competitive shooting under the PMC brand.
In addition, it is involved in the manufacturing of semi-finished products and components used in the production of ammunition comprising primers, fuses, bullet jacket cups, case cups, discs, cones, rotating bands, links, tungsten penetrators, and shell bodies; production of fuses for naval ammunition, mortar shells, and multiple-launch rocket systems; and production of nitrocellulose and nitroglycerine chemicals contained in propellants; and production of turbine blades for aircraft manufacturers.
Poongsan Corporation was founded in 1968 and is headquartered in Seoul, South Korea.
Stock analysis
Poongsan (103140) currently trades at 52,400 KRW, while our model-based Fair Value estimate is 69,121 KRW, implying the stock looks roughly 24% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 111,328 KRW per share, and 11 of the 16 models we run sit above the 52,400 KRW price.
Bear case: the Dividend Discount group reads lowest at 11,679 KRW, and 5 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: 57,988 KRW (bear) to 75,879 KRW (bull), the price of 52,400 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 47/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Poongsan reported revenue of 5.0T KRW in FY2025 versus 3.5T KRW in FY2021, a compound +9.5%/yr. Reported net income was 147B KRW in FY2025, compounding −11.8%/yr from FY2021.
Key figures
Market cap 1.5T KRW (≈ $1.1B) Small · P/E ratio 7.2 · P/S ratio 0.28 · EPS (TTM) 7,391 KRW · Dividend yield 3.2% · Net margin 3.8% · Return on equity 8.7% · Return on assets (EBIT) 7.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (medium confidence).
What moves the price
The share trades about 59% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at 32%, 103140 screens cheaper than that median.
Fair Value models
Bear57,988 KRWFair Value 69,121 KRWBull75,879 KRW
Price 52,400 KRW · Upside +31.9%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (4,880 KRW per share) are deliberately not added.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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.9%
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.
+4.9%
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.
+14.2%
Start year 2020 (pandemic). Over 10 years: +6.0% 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.
+8.1%
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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.
+19.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.0%
Dividend (yield on the price)3.2%
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.16.0% vs 0.9%, picking up
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.5% → 6%
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 · 260 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+31.9% · Top 25%
Profitability
Return on equity (12 months)8.7% · Above median
Return on assets3.4% · Above median
Net margin (12 months)3.8% · Below median
Operating margin (12 months)8.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)13.6% · Below median
Dividend yield (12 months)3.2% · Top 25%
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Poongsan Fair Value". https://www.fairvalue-calculator.com/stock/103140
Frequently asked questions
Is Poongsan (103140) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 69,121 KRW versus a price of 52,400 KRW, about +32% upside (undervalued).
What is the fair value of 103140?
Our model-based fair value for Poongsan is 69,121 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 52,400 KRW.
What is the quality score of 103140?
Poongsan has a Quality Score of 47/100. 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 Poongsan (103140)?
Our model-based price target is the fair value of 69,121 KRW (as of Nov 5, 2026) from 16 valuation models. Cautious scenario 57,988 KRW, optimistic scenario 75,879 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Poongsan stock forecast for 2026?
Our models put fair value at 69,121 KRW, about +32% upside versus a price of 52,400 KRW (undervalued). Cautious scenario 57,988 KRW, optimistic scenario 75,879 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Poongsan (103140)?
Poongsan reported trailing-twelve-month revenue of about 5.3T KRW (latest available figure, as of Nov 5, 2026).
Does Poongsan pay a dividend?
Poongsan currently shows a dividend yield of 3.24% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Poongsan (103140) and when is the ex-dividend date?
Poongsan pays a dividend of 1,700 KRW per share a year, a dividend yield of 3.2%. The last ex-dividend date was Mar 24, 2026. The payout ratio is 23.0% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Poongsan (103140)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Poongsan it is 69,121 KRW per share (as of Nov 5, 2026), against a price of 52,400 KRW. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Poongsan stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 103140 trades below its calculated fair value: price 52,400 KRW, fair value 69,121 KRW, a gap of about +32% (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 103140?
No. The price is what the market pays today (52,400 KRW); the fair value is what the company's own numbers justify (69,121 KRW). For Poongsan the two are 16,721 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Poongsan worth?
The market values Poongsan at about 1.5T KRW (market capitalisation, as of Nov 5, 2026). Per share that is 52,400 KRW; our models calculate a fair value of 69,121 KRW per share.
What do the bullish and bearish scenarios say about 103140?
Our models span a range for Poongsan: cautious scenario 57,988 KRW, base 69,121 KRW, optimistic 75,879 KRW per share (as of Nov 5, 2026, price 52,400 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 103140?
Poongsan trades at a price-to-earnings ratio of 7.2 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 69,121 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 8.5. Other multiples: P/B 0.6, P/S 0.3, EV/EBITDA 3.7.
How solid is the balance sheet of Poongsan (103140)?
Balance-sheet figures for Poongsan (as of Nov 5, 2026): return on equity 8.7%, debt of 0.18 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 103140 from its 52-week high?
Poongsan trades at 52,400 KRW, about 59% below its 52-week high of 128,760 KRW and at the low of 52,400 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 69,121 KRW is for.
Which stocks are comparable to Poongsan?
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 Poongsan stock attractive at the current price?
The data as of Nov 5, 2026: price 52,400 KRW, calculated fair value 69,121 KRW (+32%), Quality Score 47/100, from 16 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 103140 calculated?
We run Poongsan through 16 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 69,121 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 13.3% above its aggregate fair value. Poongsan currently trades 24% 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 Poongsan (103140)?
The closing price on Nov 6, 2026 was 52,400 KRW. Our model-based fair value is 69,121 KRW, about +32% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Poongsan right now?
The large discount to fair value meets weak quality (47/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (57,988 KRW). The market is more pessimistic than our downside scenario.
Key figures of Poongsan
How large is the market capitalisation of Poongsan (103140)?
The market capitalisation of Poongsan is 1.5T KRW (≈ $1.1B). 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 Poongsan (103140)?
The price-to-sales ratio of Poongsan is 0.28 (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 Poongsan (103140)?
Earnings per share at Poongsan are 7,391 KRW (price ÷ EPS = P/E 7.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Poongsan (103140)?
The dividend yield of Poongsan is 3.2% (payout 23.0%). 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 Poongsan (103140)?
The net margin of Poongsan is 3.8% (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 Poongsan (103140)?
The return on equity (ROE) of Poongsan is 8.7% (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 Poongsan (103140)?
On an EBIT basis the return on assets of Poongsan 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 Poongsan (103140)?
The operating margin of Poongsan is 8.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Poongsan (103140)?
Revenue at Poongsan is growing +13.6% versus a year earlier (3y avg +4.9%). 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 Poongsan (103140)?
Earnings per share at Poongsan are growing +28.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Poongsan (103140) generate?
The free cash flow of Poongsan is −359B 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 Poongsan (103140) carry?
The net debt of Poongsan is 831B 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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Broad data
Nov 5, 2026