Finebesteel (133820) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Finebesteel KRW 657, price KRW 985, upside -33.3%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
Stock analysis
Finebesteel (133820) currently trades at 985.00 KRW, while our model-based Fair Value estimate is 657.22 KRW, implying the stock looks roughly 49.9% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 2,175 KRW per share, and 2 of the 3 models we run sit above the 985.00 KRW price.
Bear case: the Asset-Based group reads lowest at 908.64 KRW, and 1 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: 490.47 KRW (bear) to 657.22 KRW (bull), the price of 985.00 KRW sits above 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 34/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Finebesteel 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.
Key figures
Market cap 40.0B KRW (≈ $29.5M) · P/S ratio 0.20 · Net margin −2.7% · Return on equity 1.5% · Return on assets (EBIT) −4.1% · Operating margin 2.8% · Revenue (TTM) 200B KRW · Revenue growth (YoY) +38.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 59% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −33%, 133820 screens cheaper than that median.
Fair Value models
Bear 490.47 KRWFair Value 657.22 KRWBull 657.22 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. 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.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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+56.2%
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.
+10.1%
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.
+13.5%
Start year 2020 (pandemic). Over 10 years: −1.4% 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.
−1.5%
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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.
−13.2% (2020) → −0.9% (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
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.Steel · 413 stocks
Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−33.3% · Below median
Profitability
Return on equity (TTM)1.5% · Below median
Return on assets2.0% · Above median
Net margin (TTM)0.7% · Below median
Operating margin (TTM)2.8% · Below median
Growth and dividend
Revenue growth38.1% · Top 25%
Balance sheet
Debt / equity0.09× · Below median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 21
FUTURE (revenue growth)100· sector 10
PAST (return on equity)6· sector 17
HEALTH (low debt)95· sector 95
DIVIDEND (yield)0· sector 49
VALUE 0: the price sits above our fair-value range.
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). "Finebesteel Fair Value". https://www.fairvalue-calculator.com/stock/133820
Frequently asked questions
Is Finebesteel (133820) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 657.22 KRW versus a price of 985.00 KRW, about −33% upside (overvalued).
What is the fair value of 133820?
Our model-based fair value for Finebesteel is 657.22 KRW (as of Sep 27, 2026), built from audited fundamentals. The current price: 985.00 KRW.
What is the quality score of 133820?
Finebesteel 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 price target for Finebesteel (133820)?
Our model-based price target is the fair value of 657.22 KRW (as of Sep 27, 2026) from 3 valuation models. Cautious scenario 490.47 KRW, optimistic scenario 657.22 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Finebesteel stock forecast for 2026?
Our models put fair value at 657.22 KRW, about −33% upside versus a price of 985.00 KRW (overvalued). Cautious scenario 490.47 KRW, optimistic scenario 657.22 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Finebesteel (133820)?
Finebesteel reported trailing-twelve-month revenue of about 200B KRW (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Finebesteel (133820)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Finebesteel it is 657.22 KRW per share (as of Sep 27, 2026), against a price of 985.00 KRW. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Finebesteel stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 133820 trades above its calculated fair value: price 985.00 KRW, fair value 657.22 KRW, a gap of about −33% (overvalued). 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 133820?
No. The price is what the market pays today (985.00 KRW); the fair value is what the company's own numbers justify (657.22 KRW). For Finebesteel the two are 327.78 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Finebesteel worth?
The market values Finebesteel at about 40.0B KRW (market capitalisation, as of Sep 27, 2026). Per share that is 985.00 KRW; our models calculate a fair value of 657.22 KRW per share.
What do the bullish and bearish scenarios say about 133820?
Our models span a range for Finebesteel: cautious scenario 490.47 KRW, base 657.22 KRW, optimistic 657.22 KRW per share (as of Sep 27, 2026, price 985.00 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Finebesteel (133820)?
Balance-sheet figures for Finebesteel (as of Sep 27, 2026): return on equity 1.5%, debt of 0.09 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 133820 from its 52-week high?
Finebesteel trades at 985.00 KRW, about 59% below its 52-week high of 2,375 KRW and 10% above the low of 899.00 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 657.22 KRW is for.
Which stocks are comparable to Finebesteel?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 Finebesteel stock attractive at the current price?
The data as of Sep 27, 2026: price 985.00 KRW, calculated fair value 657.22 KRW (−33%), Quality Score 34/100, from 3 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 133820 calculated?
We run Finebesteel through 3 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 657.22 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 16.1 % above its aggregate fair value. Finebesteel itself currently trades above fair value. 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 Finebesteel (133820)?
The closing price on Sep 23, 2026 was 985.00 KRW. Our model-based fair value is 657.22 KRW, about −33% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Finebesteel right 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.
Key figures of Finebesteel
How large is the market capitalisation of Finebesteel (133820)?
The market capitalisation of Finebesteel is 40.0B KRW (≈ $29.5M). 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 Finebesteel (133820)?
The price-to-sales ratio of Finebesteel is 0.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Finebesteel (133820)?
The net margin of Finebesteel is −2.7% (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 Finebesteel (133820)?
The return on equity (ROE) of Finebesteel is 1.5% (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 Finebesteel (133820)?
On an EBIT basis the return on assets of Finebesteel is −4.1% (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 Finebesteel (133820)?
The operating margin of Finebesteel is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Finebesteel (133820)?
Revenue at Finebesteel is growing +38.1% versus a year earlier (3y avg +10.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Finebesteel (133820) generate?
The free cash flow of Finebesteel is −6.3B 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 Finebesteel (133820) carry?
The net debt of Finebesteel is 77.3B 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.
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