Daechang Steel Co Ltd (140520) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Daechang Steel Co Ltd KRW 3,408, price KRW 1,999, upside +70.5%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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DaeChang Steel Co., Ltd. engages in the manufacture, processing, and sale of steel products in South Korea. The company offers cold rolled steel products, pickled oiled coils, continuous galvanized coils, electro galvanized coils, and hot galvanized coils, as well as electro coils, color coils, stainless coils, and other steel products.
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DaeChang Steel Co., Ltd. engages in the manufacture, processing, and sale of steel products in South Korea. The company offers cold rolled steel products, pickled oiled coils, continuous galvanized coils, electro galvanized coils, and hot galvanized coils, as well as electro coils, color coils, stainless coils, and other steel products. It also develops, manufactures, and installs raised floor products, such as OA floors, access floors, aluminum panels, wood core panels, clean room products, and C-frame type products, as well as accessories and air conditioning panels. In addition, the company is involved in the real estate leasing, trading, roof plating and building assembling, interior construction, and storage and warehousing businesses. The company was founded in 1980 and is headquartered in Incheon, South Korea.
Stock analysis
Daechang Steel Co Ltd (140520) currently trades at 1,999 KRW, while our model-based Fair Value estimate is 3,408 KRW, implying the stock looks roughly 41.3% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 6,760 KRW per share, and 19 of the 23 models we run sit above the 1,999 KRW price.
Bear case: the Earnings-Based group reads lowest at 1,424 KRW, and 4 of the 23 models stay below the price. Evidence for this calculation is medium.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Daechang Steel Co Ltd reported revenue of 399B KRW in FY2025 versus 296B KRW in FY2021, a compound +7.7%/yr. Reported net income was 2.9B KRW in FY2025, compounding −32.9%/yr from FY2021.
Key figures
Market cap 42.2B KRW (≈ $29.5M) · P/S ratio 0.10 · Dividend yield 7.5% · Net margin 0.7% · Return on equity 1.4% · Return on assets (EBIT) 2.2% · Operating margin 0.0% · Revenue (TTM) 406B KRW.
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 18% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at 71%, 140520 screens cheaper than that median.
Fair Value models
Bear 3,408 KRWFair Value 3,408 KRWBull 3,408 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.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.0%
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.
+0.0%
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.
+18.4%
Start year 2020 (pandemic). Over 10 years: +4.4% 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.
+3.7%
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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.
−19.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−27.3%
Dividend (yield on the price)7.5%
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.−2% → 1%
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).
−17.5%
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 −19.2% 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.Steel · 415 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside+71% · Top 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets1% · Below median
Net margin (TTM)1% · Below median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth7% · Above median
Dividend yield (TTM)7.5% · Top 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Steel 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). "Daechang Steel Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/140520
Frequently asked questions
Is Daechang Steel Co Ltd (140520) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3,408 KRW versus a price of 1,999 KRW, about +71% upside (undervalued).
What is the fair value of 140520?
Our model-based fair value for Daechang Steel Co Ltd is 3,408 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,999 KRW.
What is the quality score of 140520?
Daechang Steel Co Ltd has a Quality Score of 61/100. 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 Daechang Steel Co Ltd (140520)?
Our model-based price target is the fair value of 3,408 KRW (as of Sep 24, 2026) from 23 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Daechang Steel Co Ltd stock forecast for 2026?
Our models put fair value at 3,408 KRW, about +71% upside versus a price of 1,999 KRW (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of Daechang Steel Co Ltd (140520)?
Daechang Steel Co Ltd reported trailing-twelve-month revenue of about 406B KRW (latest available figure, as of Sep 24, 2026).
Does Daechang Steel Co Ltd pay a dividend?
Daechang Steel Co Ltd currently shows a dividend yield of about 7.50% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Daechang Steel Co Ltd (140520)?
For today's price to be fair in a discounted-cash-flow model, Daechang Steel Co Ltd would have to grow free cash flow by -17.5 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 140520 use?
Our models discount Daechang Steel Co Ltd at 8.9 %: a base by market capitalisation (nano), damped by beta 0.46, 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 Daechang Steel Co Ltd that is -17.5 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Daechang Steel Co Ltd (140520) delivered so far?
Over the past 5 years revenue at Daechang Steel Co Ltd grew +18.4 % a year. The price currently implies -17.5 % 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 Daechang Steel Co Ltd (140520) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Daechang Steel Co Ltd (-17.5 % 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 Daechang Steel Co Ltd (140520)?
The free-cash-flow yield on the price is 41.96 %: that much free cash flow Daechang Steel Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Daechang Steel Co Ltd (140520)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Daechang Steel Co Ltd it is 3,408 KRW per share (as of Sep 24, 2026), against a price of 1,999 KRW. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Daechang Steel Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 140520 trades below its calculated fair value: price 1,999 KRW, fair value 3,408 KRW, a gap of about +71% (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 140520?
No. The price is what the market pays today (1,999 KRW); the fair value is what the company's own numbers justify (3,408 KRW). For Daechang Steel Co Ltd the two are 1,409 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Daechang Steel Co Ltd worth?
The market values Daechang Steel Co Ltd at about 42.2B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 1,999 KRW; our models calculate a fair value of 3,408 KRW per share.
How solid is the balance sheet of Daechang Steel Co Ltd (140520)?
Balance-sheet figures for Daechang Steel Co Ltd (as of Sep 24, 2026): return on equity 1.4%, debt of 0.03 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 140520 from its 52-week high?
Daechang Steel Co Ltd trades at 1,999 KRW, about 18% below its 52-week high of 2,430 KRW and 7% above the low of 1,869 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 3,408 KRW is for.
Which stocks are comparable to Daechang Steel Co Ltd?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata 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 Daechang Steel Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 1,999 KRW, calculated fair value 3,408 KRW (+71%), Quality Score 61/100, from 23 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 140520 calculated?
We run Daechang Steel Co Ltd through 23 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 3,408 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 14.1 % above its aggregate fair value. Daechang Steel Co Ltd currently trades 71 % 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 Daechang Steel Co Ltd (140520)?
The closing price on Sep 23, 2026 was 1,999 KRW. Our model-based fair value is 3,408 KRW, about +71% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Daechang Steel Co Ltd right now?
The price is below even our cautious bear case (3,408 KRW). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Daechang Steel Co Ltd
How large is the market capitalisation of Daechang Steel Co Ltd (140520)?
The market capitalisation of Daechang Steel Co Ltd is 42.2B 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 Daechang Steel Co Ltd (140520)?
The price-to-sales ratio of Daechang Steel Co Ltd is 0.10 (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 Daechang Steel Co Ltd (140520)?
The dividend yield of Daechang Steel Co Ltd is 7.5%. 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 Daechang Steel Co Ltd (140520)?
The net margin of Daechang Steel Co Ltd is 0.7% (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 Daechang Steel Co Ltd (140520)?
The return on equity (ROE) of Daechang Steel Co Ltd is 1.4% (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 Daechang Steel Co Ltd (140520)?
On an EBIT basis the return on assets of Daechang Steel Co Ltd is 2.2% (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 Daechang Steel Co Ltd (140520)?
The operating margin of Daechang Steel Co Ltd is 0.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Daechang Steel Co Ltd (140520)?
Revenue at Daechang Steel Co Ltd is growing +7.3% versus a year earlier (3y avg +0.0%). 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 Daechang Steel Co Ltd (140520)?
Earnings per share at Daechang Steel Co Ltd are growing −66.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Daechang Steel Co Ltd (140520) carry?
The net debt of Daechang Steel Co Ltd is 46.6B KRW (fiscal year 2025, ≈ 2.6 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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