Daesung Ind (128820) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Daesung Ind stock KRW 9,137, price KRW 3,700, upside +146.9%, quality 43 out of 100. Rating: strongly undervalued. Calculated from audited financials with 2 of our 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 7, 2026.
How to read this chart
60‑month range 579.09 KRW – 11,611 KRW · fair‑value band 6,819 KRW – 13,637 KRW · the 3,700 KRW price screens below the 9,137 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Daesung Industrial Co., Ltd. engages in distribution of energy and other businesses worldwide.
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The company supplies electricity, cooling, and heating; renewable energy; measuring instruments and pressure regulators; detergents, peroxide, and cleaning products; automated parts and machineries, including hydraulic and pneumatic equipment, reducer, and robot system.
It also manufactures and supplies gas boilers/water heaters; heat pumps; air filters; hydraulic valves and components; and girded motors. In addition, the company produces gas meters, crude oil, and gas; and operates gas and charging stations, musical theater, and department stores.
Further, it is involved in construction services; technical services related to forestry, afforestation, and seedling cultivation; solutions for logistics automation system; and IT services. Daesung Industrial Co., Ltd. was founded in 1947 and is headquartered in Seoul, South Korea.
Stock analysis
Daesung Ind (128820) currently trades at 3,700 KRW, while our model-based Fair Value estimate is 9,137 KRW, implying the stock looks roughly 60% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 93/100, which puts the data coverage at medium.
Scenario range: 6,819 KRW (bear) to 13,637 KRW (bull), the price of 3,700 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 43/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Daesung Ind reported revenue of 1.6T KRW in FY2025 versus 1.1T KRW in FY2021, a compound +8.5%/yr. Reported net income was −60.9B KRW in FY2025.
Key figures
Market cap 143B KRW (≈ $105M) Micro · P/S ratio 0.10 · EPS (TTM) −1,241 KRW · Dividend yield 3.2% · Net margin −3.1% · Return on equity −7.6% · Return on assets (EBIT) 1.6% (5-year average) · Operating margin 0.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).
What moves the price
The share trades about 68% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −46% fair-value upside, at 147%, 128820 screens cheaper than that median.
Fair Value models
Bear6,819 KRWFair Value 9,137 KRWBull13,637 KRW
Price 3,700 KRW · Upside +146.9%
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+6.0%
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.
−5.8%
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.
+13.1%
Start year 2020 (pandemic). Over 10 years: +6.3% a year
Revenue growth 15 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.
+6.3%
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Profit margin (trend) ⓘ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.
0.4% (2020) → 0.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+30.2%
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 +27.6% 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.Oil & Gas Refining & Marketing · 115 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside+146.9% · Top 25%
Profitability
Return on assets−3.5% · Bottom 25%
Net margin (12 months)−3.1% · Bottom 25%
Operating margin (12 months)0.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−1.7% · Bottom 25%
Dividend yield (12 months)3.2% · Above median
Balance sheet
Debt / equity0.87× · Highest 25%
Valuation Multiplesvs Oil & Gas Refining & Marketing median · lower = cheaper
P/B0.23× · Cheapest 25%
P/S (12 months)0.09× · Cheapest 25%
Price / free cash flow (fiscal year)7.9× · Cheaper than median
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). "Daesung Ind Fair Value". https://www.fairvalue-calculator.com/stock/128820
Frequently asked questions
Is Daesung Ind (128820) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 9,137 KRW versus a price of 3,700 KRW, about +147% upside (undervalued).
What is the fair value of 128820?
Our model-based fair value for Daesung Ind is 9,137 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 3,700 KRW.
What is the quality score of 128820?
Daesung Ind has a Quality Score of 43/100. 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 Daesung Ind (128820)?
Our model-based price target is the fair value of 9,137 KRW (as of Nov 7, 2026) from 2 valuation models. Cautious scenario 6,819 KRW, optimistic scenario 13,637 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Daesung Ind stock forecast for 2026?
Our models put fair value at 9,137 KRW, about +147% upside versus a price of 3,700 KRW (undervalued). Cautious scenario 6,819 KRW, optimistic scenario 13,637 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Daesung Ind (128820)?
Daesung Ind reported trailing-twelve-month revenue of about 1.6T KRW (latest available figure, as of Nov 7, 2026).
Does Daesung Ind pay a dividend?
Daesung Ind currently shows a dividend yield of 3.24% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Daesung Ind (128820) and when is the ex-dividend date?
Daesung Ind pays a dividend of 120.00 KRW per share a year, a dividend yield of 3.2%. The last ex-dividend date was Mar 30, 2026. Free cash flow covers the dividend 3.87 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Daesung Ind (128820)?
For today's price to be fair in a discounted-cash-flow model, Daesung Ind would have to grow free cash flow by +30.2 % per year for five years (discount rate 12.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.1 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 128820 use?
Our models discount Daesung Ind at 12.3 %: a base by market capitalisation (micro), damped by beta 0.73, 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 Daesung Ind that is +30.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.3 %) and the same formula as our fair value.
How much growth has Daesung Ind (128820) delivered so far?
Over the past 5 years revenue at Daesung Ind grew +13.1 % a year. The price currently implies free-cash-flow growth of +30.2 % 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 Daesung Ind (128820) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Daesung Ind (+30.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Daesung Ind (128820)?
The free-cash-flow yield on the price is 12.90 %: that much free cash flow Daesung Ind produces per unit of market value. When it exceeds the discount rate of our models (12.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Daesung Ind (128820)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Daesung Ind it is 9,137 KRW per share (as of Nov 7, 2026), against a price of 3,700 KRW. It is the blended result of 2 valuation models in 2 families (DCF Models, Asset-Based).
Is Daesung Ind stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 128820 trades below its calculated fair value: price 3,700 KRW, fair value 9,137 KRW, a gap of about +147% (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 128820?
No. The price is what the market pays today (3,700 KRW); the fair value is what the company's own numbers justify (9,137 KRW). For Daesung Ind the two are 5,437 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Daesung Ind worth?
The market values Daesung Ind at about 143B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 3,700 KRW; our models calculate a fair value of 9,137 KRW per share.
What do the bullish and bearish scenarios say about 128820?
Our models span a range for Daesung Ind: cautious scenario 6,819 KRW, base 9,137 KRW, optimistic 13,637 KRW per share (as of Nov 7, 2026, price 3,700 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Daesung Ind (128820)?
Balance-sheet figures for Daesung Ind (as of Nov 7, 2026): return on equity −7.6%, debt of 0.87 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 128820 from its 52-week high?
Daesung Ind trades at 3,700 KRW, about 68% below its 52-week high of 11,611 KRW and at the low of 3,700 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 9,137 KRW is for.
Which stocks are comparable to Daesung Ind?
From the same area (Energy) we also value Reliance Industries Limited, Valero Energy Corporation, Phillips 66, Marathon Petroleum 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 Daesung Ind stock attractive at the current price?
The data as of Nov 7, 2026: price 3,700 KRW, calculated fair value 9,137 KRW (+147%), Quality Score 43/100, from 2 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 128820 calculated?
We run Daesung Ind through 2 models from 2 families: DCF Models, Asset-Based. Every model gets the same audited fundamentals; the fair value of 9,137 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. Daesung Ind currently trades 60% 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 Daesung Ind (128820)?
The closing price on Nov 9, 2026 was 3,700 KRW. Our model-based fair value is 9,137 KRW, about +147% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Daesung Ind right now?
The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (6,819 KRW). The market is more pessimistic than our downside scenario. A fairly wide model range (6,819 KRW to 13,637 KRW) leaves room in how you read the outcome.
Key figures of Daesung Ind
How large is the market capitalisation of Daesung Ind (128820)?
The market capitalisation of Daesung Ind is 143B KRW (≈ $105M). 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 Daesung Ind (128820)?
The price-to-sales ratio of Daesung Ind is 0.10 (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 Daesung Ind (128820)?
Earnings per share at Daesung Ind are −1,241 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Daesung Ind (128820)?
The dividend yield of Daesung Ind is 3.2%. 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 Daesung Ind (128820)?
The net margin of Daesung Ind is −3.1% (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 Daesung Ind (128820)?
The return on equity (ROE) of Daesung Ind is −7.6% (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 Daesung Ind (128820)?
On an EBIT basis the return on assets of Daesung Ind is 1.6% (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 Daesung Ind (128820)?
The operating margin of Daesung Ind is 0.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Daesung Ind (128820)?
Revenue at Daesung Ind is growing −1.7% versus a year earlier (3y avg −5.8%). 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 Daesung Ind (128820)?
Earnings per share at Daesung Ind are growing +5.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Daesung Ind (128820) carry?
The net debt of Daesung Ind is 606B KRW (fiscal year 2025, ≈ 33.7 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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Some data
Nov 7, 2026