CS Wind Corp (112610) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of CS Wind Corp stock KRW 85,843, price KRW 48,650, upside +76.5%, quality 52 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 29,735 KRW – 83,695 KRW · fair‑value band 57,585 KRW – 107,304 KRW · the 48,650 KRW price screens below the 85,843 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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CS Wind Corporation manufactures and sells wind towers and offshore wind substructures in Europe, North America, and Asia.
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It offers onshore and offshore wind power towers; transition pieces; wind power equipment; offshore wind power substructure construction contract services; aluminum platforms; and wind towers research and development services.
The company was formerly known as Choong San Wind Corporation and changed its name to CS Wind Corporation in 2007. CS Wind Corporation was founded in 2006 and is headquartered in Seoul, South Korea.
Stock analysis
CS Wind Corp (112610) currently trades at 48,650 KRW, while our model-based Fair Value estimate is 85,843 KRW, implying the stock looks roughly 43% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 212,404 KRW per share, and 16 of the 26 models we run sit above the 48,650 KRW price.
Bear case: the Dividend Discount group reads lowest at 12,713 KRW, and 10 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 57,585 KRW (bear) to 107,304 KRW (bull), the price of 48,650 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 52/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
CS Wind Corp reported revenue of 2.9T KRW in FY2025 versus 1.2T KRW in FY2021, a compound +24.9%/yr. Reported net income was 34.7B KRW in FY2025, compounding −14.9%/yr from FY2021.
Key figures
Market cap 2.0T KRW (≈ $1.5B) Small · P/E ratio 478.5 · P/S ratio 0.73 · EPS (TTM) 103.97 KRW · Dividend yield 2.1% · Net margin 0.2% · Return on equity 0.8% · Return on assets (EBIT) 5.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 37% below its 52-week high and 39% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at 76%, 112610 screens cheaper than that median.
Fair Value models
Bear57,585 KRWFair Value 85,843 KRWBull107,304 KRW
Price 48,650 KRW · Upside +76.5%
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.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.84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.6%
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.
+28.7%
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.
+24.8%
Start year 2020 (pandemic). Over 10 years: +25.7% a year
Revenue growth 11 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.
+22.0%
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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.
+31.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.8%
Dividend (yield on the price)2.1%
Profit margin 2019 to 2024 ⓘ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.8% → 8%
2025 sits 79% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−9.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −11.5% a year for the price and +7.8% for the forecasts.
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.Specialty Industrial Machinery · 813 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+74.8% · Top 25%
Profitability
Return on equity (12 months)0.8% · Below median
Return on assets1.1% · Below median
Net margin (12 months)0.2% · Bottom 25%
Operating margin (12 months)12.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)5.6% · Below median
Dividend yield (12 months)2.1% · Above median
Balance sheet
Debt / equity0.49× · Highest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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Is CS Wind Corp (112610) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 85,843 KRW versus a price of 48,650 KRW, about +76% upside (undervalued).
What is the fair value of 112610?
Our model-based fair value for CS Wind Corp is 85,843 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 48,650 KRW.
What is the quality score of 112610?
CS Wind Corp has a Quality Score of 52/100. 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 CS Wind Corp (112610)?
Our model-based price target is the fair value of 85,843 KRW (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 57,585 KRW, optimistic scenario 107,304 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the CS Wind Corp stock forecast for 2026?
Our models put fair value at 85,843 KRW, about +76% upside versus a price of 48,650 KRW (undervalued). Cautious scenario 57,585 KRW, optimistic scenario 107,304 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of CS Wind Corp (112610)?
CS Wind Corp reported trailing-twelve-month revenue of about 2.8T KRW (latest available figure, as of Nov 5, 2026).
Does CS Wind Corp pay a dividend?
CS Wind Corp currently shows a dividend yield of 2.06% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of CS Wind Corp (112610) and when is the ex-dividend date?
CS Wind Corp pays a dividend of 1,000 KRW per share a year, a dividend yield of 2.1%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2014. Free cash flow covers the dividend 10.44 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into CS Wind Corp (112610)?
For today's price to be fair in a discounted-cash-flow model, CS Wind Corp would have to grow free cash flow by -9.7 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.8 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 112610 use?
Our models discount CS Wind Corp at 11.4 %: a base by market capitalisation (small), damped by beta 0.92, 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 CS Wind Corp that is -9.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has CS Wind Corp (112610) delivered so far?
Over the past 5 years revenue at CS Wind Corp grew +24.8 % a year. The price currently implies free-cash-flow growth of -9.7 % per 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 CS Wind Corp (112610) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into CS Wind Corp (-9.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CS Wind Corp (112610)?
The free-cash-flow yield on the price is 21.55 %: that much free cash flow CS Wind Corp produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CS Wind Corp (112610)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CS Wind Corp it is 85,843 KRW per share (as of Nov 5, 2026), against a price of 48,650 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is CS Wind Corp stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 112610 trades below its calculated fair value: price 48,650 KRW, fair value 85,843 KRW, a gap of about +76% (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 112610?
No. The price is what the market pays today (48,650 KRW); the fair value is what the company's own numbers justify (85,843 KRW). For CS Wind Corp the two are 37,193 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is CS Wind Corp worth?
The market values CS Wind Corp at about 2.0T KRW (market capitalisation, as of Nov 5, 2026). Per share that is 48,650 KRW; our models calculate a fair value of 85,843 KRW per share.
What do the bullish and bearish scenarios say about 112610?
Our models span a range for CS Wind Corp: cautious scenario 57,585 KRW, base 85,843 KRW, optimistic 107,304 KRW per share (as of Nov 5, 2026, price 48,650 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 112610?
CS Wind Corp trades at a price-to-earnings ratio of 478.5 (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 85,843 KRW is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 50.6. Other multiples: P/B 1.8, P/S 0.7, EV/EBITDA 4.8.
How solid is the balance sheet of CS Wind Corp (112610)?
Balance-sheet figures for CS Wind Corp (as of Nov 5, 2026): return on equity 0.8%, debt of 0.49 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 112610 from its 52-week high?
CS Wind Corp trades at 48,650 KRW, about 37% below its 52-week high of 76,900 KRW and 39% above the low of 35,050 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 85,843 KRW is for.
Which stocks are comparable to CS Wind Corp?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin 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 CS Wind Corp stock attractive at the current price?
The data as of Nov 5, 2026: price 48,650 KRW, calculated fair value 85,843 KRW (+76%), Quality Score 52/100, from 26 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 112610 calculated?
We run CS Wind Corp through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 85,843 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. CS Wind Corp currently trades 43% 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 CS Wind Corp (112610)?
The closing price on Nov 9, 2026 was 48,650 KRW. Our model-based fair value is 85,843 KRW, about +76% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CS Wind Corp right now?
The price is below even our cautious bear case (57,585 KRW). The market is more pessimistic than our downside scenario. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (57,585 KRW to 107,304 KRW) leaves room in how you read the outcome.
Key figures of CS Wind Corp
How large is the market capitalisation of CS Wind Corp (112610)?
The market capitalisation of CS Wind Corp is 2.0T KRW (≈ $1.5B). 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 CS Wind Corp (112610)?
The price-to-sales ratio of CS Wind Corp is 0.73 (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 CS Wind Corp (112610)?
Earnings per share at CS Wind Corp are 103.97 KRW (price ÷ EPS = P/E 478.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CS Wind Corp (112610)?
The dividend yield of CS Wind Corp is 2.1%. 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 CS Wind Corp (112610)?
The net margin of CS Wind Corp is 0.2% (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 CS Wind Corp (112610)?
The return on equity (ROE) of CS Wind Corp is 0.8% (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 CS Wind Corp (112610)?
On an EBIT basis the return on assets of CS Wind Corp is 5.8% (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 CS Wind Corp (112610)?
The operating margin of CS Wind Corp is 12.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CS Wind Corp (112610)?
Revenue at CS Wind Corp is growing +5.6% versus a year earlier (3y avg +28.7%). 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 CS Wind Corp (112610)?
Earnings per share at CS Wind Corp are growing +56.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CS Wind Corp (112610) carry?
The net debt of CS Wind Corp is 519B KRW (fiscal year 2025, ≈ 1.2 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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Broad data
Nov 5, 2026