Daesung Finetec Co.Ltd (104040) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Daesung Finetec Co.Ltd stock KRW 1,663, price KRW 3,010, that is 44.7% below the price, quality 32 out of 100. Rating: strongly overvalued. Calculated from audited financials with 7 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 4, 2026.
How to read this chart
60‑month range 1,462 KRW – 15,000 KRW · fair‑value band 1,248 KRW – 2,079 KRW · the 3,010 KRW price screens above the 1,663 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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DSM Corporation, a physical AI company that designs, develops, manufactures, and provides solutions for mobility, energy, and spatial experiences. The company offers automotive seat components and photovoltaic and solar thermal solutions.
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It also offers robotics, AI, and spatial computing technologies to create a spatial game platform. The company was formerly known as Daesung Finetec Co.,Ltd. and changed its name to DSM Corporation in April 2026. The company was founded in 1988 and is headquartered in Changwon-si, South Korea.
Stock analysis
Daesung Finetec Co.Ltd (104040) currently trades at 3,010 KRW, while our model-based Fair Value estimate is 1,663 KRW, 45% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 2,812 KRW per share, and 1 of the 7 models we run sit above the 3,010 KRW price.
Bear case: the Earnings-Based group reads lowest at 628.42 KRW, and 6 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1,248 KRW (bear) to 2,079 KRW (bull), the price of 3,010 KRW sits above 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 32/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Daesung Finetec Co.Ltd reported revenue of 28.5B KRW in FY2025 versus 32.9B KRW in FY2021, a compound −3.5%/yr. Reported net income was 2.0B KRW in FY2025, compounding +20.6%/yr from FY2021.
Key figures
Market cap 80.3B KRW (≈ $59.3M) Micro · P/E ratio 47.9 · P/S ratio 1.60 · EPS (TTM) 64.40 KRW · Net margin 3.4% · Return on equity 1.0% · Return on assets (EBIT) −1.4% (5-year average) · Operating margin −0.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 106% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at −45%, 104040 screens richer than that median.
Fair Value models
Bear1,248 KRWFair Value 1,663 KRWBull2,079 KRW
Price 3,010 KRW · Downside -44.7%
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 (55.22 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.8/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−22.4%
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.
+1.5%
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.
−2.4%
Start year 2020 (pandemic). Over 10 years: −4.3% a year
Revenue growth 14 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.
−0.9%
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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.
≈ +13.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +13.7%
Dividend (yield on the price)0.0%
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.base effect: 13.7% / −6.1%
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% → −28%
⚠ Revenue per share shrinking 5.0%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 39.8 per share, median 96.9 in 2016 to 2018). It measures the recovery from the trough, not lasting growth.
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.Auto Parts · 655 stocks
Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−44.9% · Bottom 25%
Profitability
Return on equity (12 months)1.0% · Bottom 25%
Return on assets0.9% · Bottom 25%
Net margin (12 months)3.4% · Below median
Operating margin (12 months)−0.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)275.0% · Top 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Auto Parts median · lower = cheaper
P/E (12 months)47.9× · Priciest 25%
P/B0.70× · Cheapest 25%
P/S (12 months)1.60× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)100· sector 34
PAST (return on equity)4· sector 31
HEALTH (low debt)94· sector 95
DIVIDEND (yield)0· sector 39
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Daesung Finetec Co.Ltd (104040) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 1,663 KRW versus a price of 3,010 KRW, about 45% lower (overvalued).
What is the fair value of 104040?
Our model-based fair value for Daesung Finetec Co.Ltd is 1,663 KRW (as of Nov 4, 2026), built from audited fundamentals. The current price: 3,010 KRW.
What is the quality score of 104040?
Daesung Finetec Co.Ltd has a Quality Score of 32/100. 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 Daesung Finetec Co.Ltd (104040)?
Our model-based price target is the fair value of 1,663 KRW (as of Nov 4, 2026) from 7 valuation models. Cautious scenario 1,248 KRW, optimistic scenario 2,079 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Daesung Finetec Co.Ltd stock forecast for 2026?
Our models put fair value at 1,663 KRW, about 45% lower versus a price of 3,010 KRW (overvalued). Cautious scenario 1,248 KRW, optimistic scenario 2,079 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Daesung Finetec Co.Ltd (104040)?
Daesung Finetec Co.Ltd reported trailing-twelve-month revenue of about 50.4B KRW (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Daesung Finetec Co.Ltd (104040)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Daesung Finetec Co.Ltd it is 1,663 KRW per share (as of Nov 4, 2026), against a price of 3,010 KRW. It is the blended result of 7 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Daesung Finetec Co.Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 104040 trades above its calculated fair value: price 3,010 KRW, fair value 1,663 KRW, a gap of about −45% (overvalued). 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 104040?
No. The price is what the market pays today (3,010 KRW); the fair value is what the company's own numbers justify (1,663 KRW). For Daesung Finetec Co.Ltd the two are 1,347 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Daesung Finetec Co.Ltd worth?
The market values Daesung Finetec Co.Ltd at about 80.3B KRW (market capitalisation, as of Nov 4, 2026). Per share that is 3,010 KRW; our models calculate a fair value of 1,663 KRW per share.
What do the bullish and bearish scenarios say about 104040?
Our models span a range for Daesung Finetec Co.Ltd: cautious scenario 1,248 KRW, base 1,663 KRW, optimistic 2,079 KRW per share (as of Nov 4, 2026, price 3,010 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 104040?
Daesung Finetec Co.Ltd trades at a price-to-earnings ratio of 47.9 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,663 KRW is built from several models across several years. Other multiples: P/B 0.7, P/S 1.6.
How solid is the balance sheet of Daesung Finetec Co.Ltd (104040)?
Balance-sheet figures for Daesung Finetec Co.Ltd (as of Nov 4, 2026): return on equity 1.0%, debt of 0.12 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is 104040 from its 52-week high?
Daesung Finetec Co.Ltd trades at 3,010 KRW, about 22% below its 52-week high of 3,850 KRW and 106% above the low of 1,462 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 1,663 KRW is for.
Which stocks are comparable to Daesung Finetec Co.Ltd?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Daesung Finetec Co.Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price 3,010 KRW, calculated fair value 1,663 KRW (−45%), Quality Score 32/100, from 7 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 104040 calculated?
We run Daesung Finetec Co.Ltd through 7 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,663 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. Daesung Finetec Co.Ltd itself currently trades above fair value. 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 Daesung Finetec Co.Ltd (104040)?
The closing price on Nov 9, 2026 was 3,010 KRW. Our model-based fair value is 1,663 KRW, about 45% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Daesung Finetec Co.Ltd right now?
The price sits above even our optimistic bull case (2,079 KRW). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Daesung Finetec Co.Ltd
How large is the market capitalisation of Daesung Finetec Co.Ltd (104040)?
The market capitalisation of Daesung Finetec Co.Ltd is 80.3B KRW (≈ $59.3M). 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 Daesung Finetec Co.Ltd (104040)?
The price-to-sales ratio of Daesung Finetec Co.Ltd is 1.60 (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 Daesung Finetec Co.Ltd (104040)?
Earnings per share at Daesung Finetec Co.Ltd are 64.40 KRW (price ÷ EPS = P/E 47.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Daesung Finetec Co.Ltd (104040)?
The net margin of Daesung Finetec Co.Ltd is 3.4% (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 Daesung Finetec Co.Ltd (104040)?
The return on equity (ROE) of Daesung Finetec Co.Ltd is 1.0% (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 Daesung Finetec Co.Ltd (104040)?
On an EBIT basis the return on assets of Daesung Finetec Co.Ltd is −1.4% (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 Daesung Finetec Co.Ltd (104040)?
The operating margin of Daesung Finetec Co.Ltd is −0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Daesung Finetec Co.Ltd (104040)?
Revenue at Daesung Finetec Co.Ltd is growing +275% versus a year earlier (3y avg +1.5%). 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 Daesung Finetec Co.Ltd (104040)?
Earnings per share at Daesung Finetec Co.Ltd are growing +132% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Daesung Finetec Co.Ltd (104040) generate?
The free cash flow of Daesung Finetec Co.Ltd is −22.3B 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 Daesung Finetec Co.Ltd (104040) carry?
The net debt of Daesung Finetec Co.Ltd is 51.5B 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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Thin data
Nov 4, 2026