PJ Metal Co. Ltd (128660) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of PJ Metal Co. Ltd KRW 3,666, price KRW 2,805, upside +30.7%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch PJ Metal Co. Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 2,378 KRW – 5,469 KRW · fair‑value band 2,349 KRW – 4,872 KRW · the 2,805 KRW price screens below the 3,666 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow PJ Metal Co. in your weekly email
Every Wednesday you see whether PJ Metal Co. is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
PJ Metal Co., Ltd. engages in the manufacturing of aluminum deoxidizers and billets in South Korea. The company's aluminum deoxidizers include pellets, mini-pellets, and shot deoxidizers, which are used to remove the oxygen contained in molten iron.
Show more
PJ Metal Co., Ltd. engages in the manufacturing of aluminum deoxidizers and billets in South Korea. The company's aluminum deoxidizers include pellets, mini-pellets, and shot deoxidizers, which are used to remove the oxygen contained in molten iron. It also offers aluminum flux, which consists of slab stabilizers and deoxidizers that enhances the yield rate of valid ingredients in the molten iron; and aluminum billets for applications in materials for construction and industrial parts, as well as for vehicle, and electricity and electronics in factories for pressing out. PJ Metal Co., Ltd. was founded in 1984 and is headquartered in Seoul, South Korea.
Stock analysis
PJ Metal Co. Ltd (128660) currently trades at 2,805 KRW, while our model-based Fair Value estimate is 3,666 KRW, implying the stock looks roughly 23.5% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 9,464 KRW per share, and 14 of the 15 models we run sit above the 2,805 KRW price.
Bear case: the Asset-Based group reads lowest at 1,995 KRW, and 1 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 2,349 KRW (bear) to 4,872 KRW (bull), the price of 2,805 KRW sits inside 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 51/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
PJ Metal Co. Ltd reported revenue of 349B KRW in FY2025 versus 246B KRW in FY2021, a compound +9.1%/yr. Reported net income was 7.6B KRW in FY2025, compounding −19.7%/yr from FY2021.
Key figures
Market cap 69.6B KRW (≈ $51.1M) · P/S ratio 0.18 · Dividend yield 6.1% · Net margin 2.2% · Return on equity 9.4% · Return on assets (EBIT) 13.5% · Operating margin 7.7% · Revenue (TTM) 368B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 36% fair-value upside, at 31%, 128660 screens richer than that median.
Fair Value models
Bear 2,349 KRWFair Value 3,666 KRWBull 4,872 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+37.1%
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.
+9.1%
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.
+22.2%
Start year 2020 (pandemic). Over 10 years: +13.1% 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.
+10.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+16.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.9%
Dividend (yield on the price)6.1%
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.10% vs 12%, steady
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.5% → 4%
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Aluminum · 81 stocks
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). "PJ Metal Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/128660
Frequently asked questions
Is PJ Metal Co. Ltd (128660) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3,666 KRW versus a price of 2,805 KRW, about +31% upside (undervalued).
What is the fair value of 128660?
Our model-based fair value for PJ Metal Co. Ltd is 3,666 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,805 KRW.
What is the quality score of 128660?
PJ Metal Co. Ltd has a Quality Score of 51/100. 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 PJ Metal Co. Ltd (128660)?
Our model-based price target is the fair value of 3,666 KRW (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 2,349 KRW, optimistic scenario 4,872 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the PJ Metal Co. Ltd stock forecast for 2026?
Our models put fair value at 3,666 KRW, about +31% upside versus a price of 2,805 KRW (undervalued). Cautious scenario 2,349 KRW, optimistic scenario 4,872 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of PJ Metal Co. Ltd (128660)?
PJ Metal Co. Ltd reported trailing-twelve-month revenue of about 368B KRW (latest available figure, as of Sep 24, 2026).
Does PJ Metal Co. Ltd pay a dividend?
PJ Metal Co. Ltd currently shows a dividend yield of about 6.06% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of PJ Metal Co. Ltd (128660)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PJ Metal Co. Ltd it is 3,666 KRW per share (as of Sep 24, 2026), against a price of 2,805 KRW. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is PJ Metal Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 128660 trades below its calculated fair value: price 2,805 KRW, fair value 3,666 KRW, a gap of about +31% (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 128660?
No. The price is what the market pays today (2,805 KRW); the fair value is what the company's own numbers justify (3,666 KRW). For PJ Metal Co. Ltd the two are 860.60 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is PJ Metal Co. Ltd worth?
The market values PJ Metal Co. Ltd at about 69.6B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 2,805 KRW; our models calculate a fair value of 3,666 KRW per share.
What do the bullish and bearish scenarios say about 128660?
Our models span a range for PJ Metal Co. Ltd: cautious scenario 2,349 KRW, base 3,666 KRW, optimistic 4,872 KRW per share (as of Sep 24, 2026, price 2,805 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PJ Metal Co. Ltd (128660)?
Balance-sheet figures for PJ Metal Co. Ltd (as of Sep 24, 2026): return on equity 9.4%, debt of 0.07 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 128660 from its 52-week high?
PJ Metal Co. Ltd trades at 2,805 KRW, about 29% below its 52-week high of 3,975 KRW and 12% above the low of 2,499 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 3,666 KRW is for.
Which stocks are comparable to PJ Metal Co. Ltd?
From the same area (Basic Materials) we also value Shandong Hongqiao Aluminum Industry Holding, China Hongqiao Group, Hindalco Industries Limited, Aluminum 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 PJ Metal Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 2,805 KRW, calculated fair value 3,666 KRW (+31%), Quality Score 51/100, from 15 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 128660 calculated?
We run PJ Metal Co. Ltd through 15 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 3,666 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 13.0 % above its aggregate fair value. PJ Metal Co. Ltd currently trades 31 % 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 PJ Metal Co. Ltd (128660)?
The closing price on Sep 23, 2026 was 2,805 KRW. Our model-based fair value is 3,666 KRW, about +31% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PJ Metal Co. Ltd right now?
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (2,349 KRW to 4,872 KRW) leaves room in how you read the outcome.
Key figures of PJ Metal Co. Ltd
How large is the market capitalisation of PJ Metal Co. Ltd (128660)?
The market capitalisation of PJ Metal Co. Ltd is 69.6B KRW (≈ $51.1M). 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 PJ Metal Co. Ltd (128660)?
The price-to-sales ratio of PJ Metal Co. Ltd is 0.18 (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 PJ Metal Co. Ltd (128660)?
The dividend yield of PJ Metal Co. Ltd is 6.1%. 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 PJ Metal Co. Ltd (128660)?
The net margin of PJ Metal Co. Ltd is 2.2% (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 PJ Metal Co. Ltd (128660)?
The return on equity (ROE) of PJ Metal Co. Ltd is 9.4% (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 PJ Metal Co. Ltd (128660)?
On an EBIT basis the return on assets of PJ Metal Co. Ltd is 13.5% (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 PJ Metal Co. Ltd (128660)?
The operating margin of PJ Metal Co. Ltd is 7.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PJ Metal Co. Ltd (128660)?
Revenue at PJ Metal Co. Ltd is growing +22.3% versus a year earlier (3y avg +9.1%). 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 PJ Metal Co. Ltd (128660)?
Earnings per share at PJ Metal Co. Ltd are growing −36.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PJ Metal Co. Ltd (128660) generate?
The free cash flow of PJ Metal Co. Ltd is −21.2B 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 PJ Metal Co. Ltd (128660) carry?
The net debt of PJ Metal Co. Ltd is 73.2B 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.
Free · no account needed
Watch PJ Metal Co. Ltd in the live analysis
One click puts PJ Metal Co. Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
