DSM Corporation (104040) Fair Value & Analysis
Consumer Cyclical · KR · Market cap 73.7B KRW
Fair value as of: Jul 22, 2026
From 9 valuation models · updated 19 days ago
Share price +35.0% over the past month.
Below-average quality, and screening another 54% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (1,607 KRW). The favourable scenario is already priced in.
- Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.
How to read this chart
60‑month range 1,462 KRW – 16,475 KRW · fair‑value band 963.94 KRW – 1,607 KRW · the 2,795 KRW price screens above the 1,285 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.
Analysis
DSM Corporation (104040) currently trades at 2,795 KRW, while our model-based Fair Value estimate is 1,285 KRW, implying the stock looks roughly 54.0% overvalued today. The Quality Score stands at 29/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, DSM Corporation generated revenue of 38.3B KRW at a net margin of 2.2%. It earns a return on equity of 1.0%. Net debt stands at 51.5B KRW. Fundamentals as of Jul 22, 2026
Our scenario range runs from 963.94 KRW (bear case) to 1,607 KRW (bull case); at 2,795 KRW, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 62% below its 52-week high and 54% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -54%, 104040 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 9 models by family
Widest divergence: Asset-Based (2,876 KRW) versus Dividend Discount (70.07 KRW). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 31 · Market factors (momentum, volatility) 21
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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. It also offers robotics, AI, and spatial computing technologies to create a spatial game platform.
Full company description
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. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
DSM Corporation 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.
104040 screens 54% overvalued. Compare with Hyundai Mobis Co →
Peer Group
Auto Parts · 641 stocks
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.
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hyundai Mobis Co 012330 | 482,000 KRW | 678,420 KRW | +41% |
| Magna International Inc MGAN | 1,122 MXN | 1,172 MXN | +4% |
| Samvardhana Motherson International Limited MOTHERSON | ₹144.17 | ₹80.63 | -44% |
| Bosch Limited BOSCHLTD | ₹41,110 | ₹14,004 | -66% |
| Bharat Forge Limited BHARATFORG | ₹2,117 | ₹441.74 | -79% |
| Uno Minda Limited UNOMINDA | ₹1,158 | ₹426.57 | -63% |
| Schaeffler India Limited SCHAEFFLER | ₹4,135 | ₹1,412 | -66% |
| Hankook Tire & Technology Co 161390 | 73,600 KRW | 196,479 KRW | +167% |
| MRF Limited MRF | ₹131,025 | ₹125,849 | -4% |
| Sona BLW Precision Forgings Limited SONACOMS | ₹792.00 | ₹207.06 | -74% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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