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Fine besteel. Co (133820) Fair Value & Analysis

Basic Materials · KR · Market cap 40.0B KRW

FB Fine besteel. Co 133820 · KO
Price987.00 KRW
Fair Value657.22 KRW
Upside-33.4%
Quality34/100
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Expensive Growth
Thin margins · 0.7% net margin
Low debt · negative free cash flow
Trails peers (2/8)
Narrow moat 24/100
Evidence: Low Range 490.47 KRW – 657.22 KRW Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated today

Share price −1.6% over the past month.

Below-average quality, and screening another 33% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (657.22 KRW). The favourable scenario is already priced in.
  • Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

3,805 KRW 792.00 KRW Fair Value 657.22 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 792.00 KRW – 3,805 KRW · fair‑value band 490.47 KRW – 657.22 KRW · the 987.00 KRW price screens above the 657.22 KRW fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Fine besteel. Co (133820) currently trades at 987.00 KRW, while our model-based Fair Value estimate is 657.22 KRW, implying the stock looks roughly 33.4% overvalued today. The Quality Score stands at 34/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Fine besteel. Co generated revenue of 200B KRW at a net margin of 0.7%. Revenue grew 38.1% year over year. It earns a return on equity of 1.5%. Net debt stands at 77.3B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 490.47 KRW (bear case) to 657.22 KRW (bull case); at 987.00 KRW, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 67% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at -33%, 133820 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
EV/EBITDA 1,470 KRW 1,931 KRW 2,392 KRW 54
NCAV (Graham) 678.09 KRW 908.64 KRW 1,356 KRW 50
Owner Earnings 291.92 KRW 363.11 KRW 506.83 KRW 31
All 3 models by family
DCF Models
Owner Earnings 291.92 KRW 363.11 KRW 506.83 KRW 31
Multiples
EV/EBITDA 1,470 KRW 1,931 KRW 2,392 KRW 54
Asset-Based
NCAV (Graham) 678.09 KRW 908.64 KRW 1,356 KRW 50

Widest divergence: Multiples (1,931 KRW) versus DCF Models (363.11 KRW). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 200B KRW
Revenue growth (YoY) +38.1%
Net margin 0.7%
Return on equity 1.5%
Free cash flow −6.3B KRW FY2025
Operating margin 2.8%
More key figures
Net debt 77.3B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 31 · Market factors (momentum, volatility) 28

Profitability 20
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Fine besteel. Co., Ltd. offers steel products in South Korea. Its products include inverted, unequal, and equal angle products; channels; flat bars; sheet piles; and track shoe products. The company was founded in 2007 and is headquartered in Changnyeong-eup, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fine besteel. Co reported revenue of 186B KRW in FY2025 versus 124B KRW in FY2021, a compound +10.7%/yr. Reported net income was −5.1B KRW in FY2025.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
186B KRW
Latest YoY
+56.2%
Avg. growth/yr (3Y) 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.
+10.1%
Avg. growth/yr (5Y) 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.
+13.5%
Avg. growth/yr (12Y) 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.
−1.5%
Revenue +10.7%/yr
FY21 124B KRW
FY22 140B KRW
FY23 132B KRW
FY24 119B KRW
FY25 186B KRW
Net income
FY21 2.4B KRW
FY22 −2.6B KRW
FY23 −17.2B KRW
FY24 −27.5B KRW
FY25 −5.1B KRW

133820 screens 33% overvalued. Compare with JSW Steel Limited →

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Cite: Fair Value Calculator (2026). "Fine besteel. Co Fair Value". https://www.fairvalue-calculator.com/stock/133820

Peer Group

Steel · 382 stocks

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.

Quality Score 31 · Bottom 25%
Fair Value upside −33% · Below median
Return on equity (TTM) 1% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 38% · Top 25%
Debt / equity 0.09× · Lower than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 16
FUTURE 100 · sector 4
PAST 6 · sector 16
HEALTH 95 · sector 95
DIVIDEND 0 · sector 40

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
JSW Steel Limited JSWSTEEL ₹1,269 ₹1,140 -10%
Tata Steel Limited TATASTEEL ₹186.20 ₹145.39 -22%
China Steel Corporation 2002A 37.25 TWD 8.74 TWD -77%
POSCO Holdings 005490 325,000 KRW 155,270 KRW -52%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,838 ARS +16%
Jindal Steel Limited JINDALSTEL ₹1,112 ₹516.27 -54%
Lloyds Metals and Energy Limited LLOYDSME ₹1,894 ₹771.10 -59%
Gerdau S.A GGBN 83.50 MXN 39.22 MXN -53%
Ternium S.A TXR 17,780 ARS 27,472 ARS +55%
NMDC Limited NMDC ₹85.00 ₹112.98 +33%

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Frequently asked questions

Is Fine besteel. Co (133820) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 657.22 KRW versus a price of 987.00 KRW, about −33% (overvalued).
What is the fair value of 133820?
Our model-based fair value for Fine besteel. Co is 657.22 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price is 987.00 KRW.
What is the quality score of 133820?
Fine besteel. Co has a Quality Score of 34/100. 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 revenue of Fine besteel. Co (133820)?
Fine besteel. Co reported trailing-twelve-month revenue of about 200B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 133820?
The net profit margin of Fine besteel. Co is about 0.7%, meaning it keeps roughly 0.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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