DAEYANG ELECTRIC.Co.Ltd (108380) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of DAEYANG ELECTRIC.Co.Ltd KRW 35,526, price KRW 18,340, upside +93.7%, quality 62 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 10,164 KRW – 34,400 KRW · fair‑value band 21,124 KRW – 54,893 KRW · the 18,340 KRW price screens below the 35,526 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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DAEYANG ELECTRIC.Co.,Ltd. provides marine lighting, communication system, power system, underwater system, and industrial sensors in South Korea and internationally. It offers general and LED, navigation and signal, search, receptacle and switch, and reefer container socket lights for onshore and offshore plants, and naval ships.
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DAEYANG ELECTRIC.Co.,Ltd. provides marine lighting, communication system, power system, underwater system, and industrial sensors in South Korea and internationally. It offers general and LED, navigation and signal, search, receptacle and switch, and reefer container socket lights for onshore and offshore plants, and naval ships. The company also provides integrated communication systems, wireless integrated communication systems, SDN-21 cloud communication systems, plotting tables, ship shore communication link systems, reefer container monitoring systems, and side thruster controllers, as well as naval ship integrated information services. In addition, it offers power systems, such as switch boards for navy, starter panels, emergency switchboards, main switchboards, battery charging and discharging panels, power generation controllers, cooling and heating EDBs, cubicle racks, extension supply contactors, and earth boxes. Further, the company offers mine disposal, semi-autonomous underwater, unmanned underwater, small remotely operated, and hybrid-remotely operated vehicles, as well as sea rovers; and sensors. DAEYANG ELECTRIC.Co.,Ltd. was founded in 1977 and is headquartered in Busan, South Korea.
Stock analysis
DAEYANG ELECTRIC.Co.Ltd (108380) currently trades at 18,340 KRW, while our model-based Fair Value estimate is 35,526 KRW, implying the stock looks roughly 48.4% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 44,048 KRW per share, and 22 of the 24 models we run sit above the 18,340 KRW price.
Bear case: the Growth DCF group reads lowest at 14,784 KRW, and 2 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 21,124 KRW (bear) to 54,893 KRW (bull), the price of 18,340 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 62/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
DAEYANG ELECTRIC.Co.Ltd reported revenue of 230B KRW in FY2025 versus 137B KRW in FY2021, a compound +13.9%/yr. Reported net income was 24.8B KRW in FY2025, compounding +29.4%/yr from FY2021.
Key figures
Market cap 170B KRW (≈ $125M) · P/S ratio 1.14 · Dividend yield 0.4% · Net margin 10.8% · Return on equity 903% · Return on assets (EBIT) 2.8% · Operating margin −2.0% · Revenue (TTM) 137B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −4% fair-value upside, at 94%, 108380 screens cheaper than that median.
Fair Value models
Bear 21,124 KRWFair Value 35,526 KRWBull 54,893 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.57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+17.2%
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.
+20.8%
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.
+4.0%
Start year 2020 (pandemic). Over 10 years: +4.1% a year
Revenue growth 13 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.
+3.9%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+19.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.3%
Dividend (yield on the price)0.4%
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.15% vs 4%, 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.10% → 12%
2025 sits 77% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+5.4%
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 +3.2% a year for the price.
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.
Cite: Fair Value Calculator (2026). "DAEYANG ELECTRIC.Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/108380
Frequently asked questions
Is DAEYANG ELECTRIC.Co.Ltd (108380) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 35,526 KRW versus a price of 18,340 KRW, about +94% upside (undervalued).
What is the fair value of 108380?
Our model-based fair value for DAEYANG ELECTRIC.Co.Ltd is 35,526 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 18,340 KRW.
What is the quality score of 108380?
DAEYANG ELECTRIC.Co.Ltd has a Quality Score of 62/100. 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 DAEYANG ELECTRIC.Co.Ltd (108380)?
Our model-based price target is the fair value of 35,526 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 21,124 KRW, optimistic scenario 54,893 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the DAEYANG ELECTRIC.Co.Ltd stock forecast for 2026?
Our models put fair value at 35,526 KRW, about +94% upside versus a price of 18,340 KRW (undervalued). Cautious scenario 21,124 KRW, optimistic scenario 54,893 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of DAEYANG ELECTRIC.Co.Ltd (108380)?
DAEYANG ELECTRIC.Co.Ltd reported trailing-twelve-month revenue of about 137B KRW (latest available figure, as of Sep 24, 2026).
Does DAEYANG ELECTRIC.Co.Ltd pay a dividend?
DAEYANG ELECTRIC.Co.Ltd currently shows a dividend yield of about 0.41% relative to its recent price (as of Sep 24, 2026).
What growth is priced into DAEYANG ELECTRIC.Co.Ltd (108380)?
For today's price to be fair in a discounted-cash-flow model, DAEYANG ELECTRIC.Co.Ltd would have to grow free cash flow by +5.4 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 108380 use?
Our models discount DAEYANG ELECTRIC.Co.Ltd at 12.4 %: a base by market capitalisation (micro), damped by beta 0.77, 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 DAEYANG ELECTRIC.Co.Ltd that is +5.4 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has DAEYANG ELECTRIC.Co.Ltd (108380) delivered so far?
Over the past 5 years revenue at DAEYANG ELECTRIC.Co.Ltd grew +4.0 % a year. The price currently implies +5.4 % 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 DAEYANG ELECTRIC.Co.Ltd (108380) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into DAEYANG ELECTRIC.Co.Ltd (+5.4 % 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 DAEYANG ELECTRIC.Co.Ltd (108380)?
The free-cash-flow yield on the price is 4.61 %: that much free cash flow DAEYANG ELECTRIC.Co.Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of DAEYANG ELECTRIC.Co.Ltd (108380)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DAEYANG ELECTRIC.Co.Ltd it is 35,526 KRW per share (as of Sep 24, 2026), against a price of 18,340 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is DAEYANG ELECTRIC.Co.Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 108380 trades below its calculated fair value: price 18,340 KRW, fair value 35,526 KRW, a gap of about +94% (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 108380?
No. The price is what the market pays today (18,340 KRW); the fair value is what the company's own numbers justify (35,526 KRW). For DAEYANG ELECTRIC.Co.Ltd the two are 17,186 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is DAEYANG ELECTRIC.Co.Ltd worth?
The market values DAEYANG ELECTRIC.Co.Ltd at about 170B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 18,340 KRW; our models calculate a fair value of 35,526 KRW per share.
What do the bullish and bearish scenarios say about 108380?
Our models span a range for DAEYANG ELECTRIC.Co.Ltd: cautious scenario 21,124 KRW, base 35,526 KRW, optimistic 54,893 KRW per share (as of Sep 24, 2026, price 18,340 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 108380 from its 52-week high?
DAEYANG ELECTRIC.Co.Ltd trades at 18,340 KRW, about 47% below its 52-week high of 34,400 KRW and 26% above the low of 14,610 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 35,526 KRW is for.
Which stocks are comparable to DAEYANG ELECTRIC.Co.Ltd?
From the same area (Industrials) we also value BHI Co, VITZROCELL Co, Sungho Electronics Corp, Tae Kwang Corporation, 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 DAEYANG ELECTRIC.Co.Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 18,340 KRW, calculated fair value 35,526 KRW (+94%), Quality Score 62/100, 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 108380 calculated?
We run DAEYANG ELECTRIC.Co.Ltd 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 35,526 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. DAEYANG ELECTRIC.Co.Ltd currently trades 94 % 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 DAEYANG ELECTRIC.Co.Ltd (108380)?
The closing price on Sep 23, 2026 was 18,340 KRW. Our model-based fair value is 35,526 KRW, about +94% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DAEYANG ELECTRIC.Co.Ltd right now?
The price is below even our cautious bear case (21,124 KRW). The market is more pessimistic than our downside scenario. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (21,124 KRW to 54,893 KRW) leaves room in how you read the outcome.
Key figures of DAEYANG ELECTRIC.Co.Ltd
How large is the market capitalisation of DAEYANG ELECTRIC.Co.Ltd (108380)?
The market capitalisation of DAEYANG ELECTRIC.Co.Ltd is 170B KRW (≈ $125M). 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 DAEYANG ELECTRIC.Co.Ltd (108380)?
The price-to-sales ratio of DAEYANG ELECTRIC.Co.Ltd is 1.14 (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 DAEYANG ELECTRIC.Co.Ltd (108380)?
The dividend yield of DAEYANG ELECTRIC.Co.Ltd is 0.4%. 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 DAEYANG ELECTRIC.Co.Ltd (108380)?
The net margin of DAEYANG ELECTRIC.Co.Ltd is 10.8% (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 DAEYANG ELECTRIC.Co.Ltd (108380)?
The return on equity (ROE) of DAEYANG ELECTRIC.Co.Ltd is 903% (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 DAEYANG ELECTRIC.Co.Ltd (108380)?
On an EBIT basis the return on assets of DAEYANG ELECTRIC.Co.Ltd is 2.8% (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 DAEYANG ELECTRIC.Co.Ltd (108380)?
The operating margin of DAEYANG ELECTRIC.Co.Ltd is −2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DAEYANG ELECTRIC.Co.Ltd (108380)?
Revenue at DAEYANG ELECTRIC.Co.Ltd is growing +12.3% versus a year earlier (3y avg +20.8%). 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 DAEYANG ELECTRIC.Co.Ltd (108380)?
Earnings per share at DAEYANG ELECTRIC.Co.Ltd are growing +10.4% versus a year earlier. How much earnings per share grew versus a year earlier.
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