Chosun Welding (120030) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Chosun Welding KRW 156,544, price KRW 83,600, upside +87.3%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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CHOSUN WELDING POHANG Co., Ltd produces and sells welding materials in Korea. It provides stick and oxyacetylene electrodes, submerged arc materials, flux cored, mag, and mig wires, as well as tig cut lengths products.
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CHOSUN WELDING POHANG Co., Ltd produces and sells welding materials in Korea. It provides stick and oxyacetylene electrodes, submerged arc materials, flux cored, mag, and mig wires, as well as tig cut lengths products. The company offers its products to shipbuilding, offshore, construction, oil and gas, nuclear energy, fabrication, and automobile industries. The company was founded in 1949 and is headquartered in Pohang, South Korea. CHOSUN WELDING POHANG Co., Ltd is a subsidiary of CS Holdings Co., Ltd.
Stock analysis
Chosun Welding (120030) currently trades at 83,600 KRW, while our model-based Fair Value estimate is 156,544 KRW, implying the stock looks roughly 46.6% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 172,047 KRW per share, and 22 of the 24 models we run sit above the 83,600 KRW price.
Bear case: the Earnings-Based group reads lowest at 84,112 KRW, and 2 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 131,065 KRW (bear) to 193,978 KRW (bull), the price of 83,600 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 70/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Chosun Welding reported revenue of 51.8B KRW in FY2025 versus 68.2B KRW in FY2021, a compound −6.6%/yr. Reported net income was 9.4B KRW in FY2025, compounding −10.4%/yr from FY2021.
Key figures
Market cap 78.4B KRW (≈ $57.6M) · P/S ratio 1.51 · Dividend yield 0.6% · Net margin 18.1% · Return on equity 6.5% · Return on assets (EBIT) 7.5% · Operating margin 12.1% · Revenue (TTM) 52.3B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −24% fair-value upside, at 87%, 120030 screens cheaper than that median.
Fair Value models
Bear 131,065 KRWFair Value 156,544 KRWBull 193,978 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+1.7%
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.
−8.2%
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.
−2.8%
Start year 2020 (pandemic). Over 10 years: −2.5% a year
Revenue growth 12 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.
−2.7%
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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.
−3.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.7%
Dividend (yield on the price)0.6%
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.21% → 15%
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
−23.2%
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 −24.7% a year for the price.
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.Tools & Accessories · 124 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+87% · Top 25%
Profitability
Return on equity (TTM)6% · Below median
Return on assets3% · Below median
Net margin (TTM)20% · Top 25%
Operating margin (TTM)12% · Above median
Growth and dividend
Revenue growth5% · Above median
Dividend yield (TTM)0.6% · Bottom 25%
Valuation Multiplesvs Tools & Accessories median · lower = cheaper
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). "Chosun Welding Fair Value". https://www.fairvalue-calculator.com/stock/120030
Frequently asked questions
Is Chosun Welding (120030) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 156,544 KRW versus a price of 83,600 KRW, about +87% upside (undervalued).
What is the fair value of 120030?
Our model-based fair value for Chosun Welding is 156,544 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 83,600 KRW.
What is the quality score of 120030?
Chosun Welding has a Quality Score of 70/100. 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 Chosun Welding (120030)?
Our model-based price target is the fair value of 156,544 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 131,065 KRW, optimistic scenario 193,978 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Chosun Welding stock forecast for 2026?
Our models put fair value at 156,544 KRW, about +87% upside versus a price of 83,600 KRW (undervalued). Cautious scenario 131,065 KRW, optimistic scenario 193,978 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Chosun Welding (120030)?
Chosun Welding reported trailing-twelve-month revenue of about 52.3B KRW (latest available figure, as of Sep 24, 2026).
Does Chosun Welding pay a dividend?
Chosun Welding currently shows a dividend yield of about 0.60% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Chosun Welding (120030)?
For today's price to be fair in a discounted-cash-flow model, Chosun Welding would have to grow free cash flow by -23.2 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 120030 use?
Our models discount Chosun Welding at 11.6 %: a base by market capitalisation (micro), damped by beta 0.39, 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 Chosun Welding that is -23.2 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Chosun Welding (120030) delivered so far?
Over the past 5 years revenue at Chosun Welding grew -2.8 % a year. The price currently implies -23.2 % 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 Chosun Welding (120030) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Chosun Welding (-23.2 % 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 Chosun Welding (120030)?
The free-cash-flow yield on the price is 10.79 %: that much free cash flow Chosun Welding produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chosun Welding (120030)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chosun Welding it is 156,544 KRW per share (as of Sep 24, 2026), against a price of 83,600 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Chosun Welding stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 120030 trades below its calculated fair value: price 83,600 KRW, fair value 156,544 KRW, a gap of about +87% (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 120030?
No. The price is what the market pays today (83,600 KRW); the fair value is what the company's own numbers justify (156,544 KRW). For Chosun Welding the two are 72,944 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Chosun Welding worth?
The market values Chosun Welding at about 78.4B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 83,600 KRW; our models calculate a fair value of 156,544 KRW per share.
What do the bullish and bearish scenarios say about 120030?
Our models span a range for Chosun Welding: cautious scenario 131,065 KRW, base 156,544 KRW, optimistic 193,978 KRW per share (as of Sep 24, 2026, price 83,600 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Chosun Welding (120030)?
Balance-sheet figures for Chosun Welding (as of Sep 24, 2026): return on equity 6.5%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 120030 from its 52-week high?
Chosun Welding trades at 83,600 KRW, about 25% below its 52-week high of 111,700 KRW and 4% above the low of 80,300 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 156,544 KRW is for.
Which stocks are comparable to Chosun Welding?
From the same area (Industrials) we also value Techtronic Industries Company, Snap-on Incorporated, RBC Bearings Incorporated, Lincoln Electric Holdings, 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 Chosun Welding stock attractive at the current price?
The data as of Sep 24, 2026: price 83,600 KRW, calculated fair value 156,544 KRW (+87%), Quality Score 70/100, 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 120030 calculated?
We run Chosun Welding 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 156,544 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. Chosun Welding currently trades 87 % 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 Chosun Welding (120030)?
The closing price on Sep 23, 2026 was 83,600 KRW. Our model-based fair value is 156,544 KRW, about +87% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chosun Welding right now?
The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (131,065 KRW). The market is more pessimistic than our downside scenario.
Key figures of Chosun Welding
How large is the market capitalisation of Chosun Welding (120030)?
The market capitalisation of Chosun Welding is 78.4B KRW (≈ $57.6M). 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 Chosun Welding (120030)?
The price-to-sales ratio of Chosun Welding is 1.51 (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 Chosun Welding (120030)?
The dividend yield of Chosun Welding is 0.6%. 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 Chosun Welding (120030)?
The net margin of Chosun Welding is 18.1% (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 Chosun Welding (120030)?
The return on equity (ROE) of Chosun Welding is 6.5% (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 Chosun Welding (120030)?
On an EBIT basis the return on assets of Chosun Welding is 7.5% (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 Chosun Welding (120030)?
The operating margin of Chosun Welding is 12.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chosun Welding (120030)?
Revenue at Chosun Welding is growing +4.9% versus a year earlier (3y avg −8.2%). 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 Chosun Welding (120030)?
Earnings per share at Chosun Welding are growing +51.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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