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DRB Industrial Co (163560) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 80.9B KRW

DI DRB Industrial Co 163560 · KO
Price5,990 KRW
Fair Value13,467 KRW
Upside+124.8%
Quality57/100
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Expensive Growth
Thin margins · 5.1% net margin
Low debt · negative free cash flow
2.67% dividend yield
Ranks above peers (9/9)
Narrow moat 36/100
Evidence: Medium Range 12,652 KRW – 15,327 KRW Share as image

Fair value as of: Jul 24, 2026

From 14 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 13,492 KRW to 13,467 KRW (−0.2%) since Jun 25, 2026. Share price +6.6% over the past month.

A solid business, screening 125% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (12,652 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

9,800 KRW 5,238 KRW Fair Value 13,467 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 5,238 KRW – 9,800 KRW · fair‑value band 12,652 KRW – 15,327 KRW · the 5,990 KRW price screens below the 13,467 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

DRB Industrial Co (163560) currently trades at 5,990 KRW, while our model-based Fair Value estimate is 13,467 KRW, implying the stock looks roughly 124.8% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, DRB Industrial Co generated revenue of 373B KRW at a net margin of 5.1%. Revenue grew 9.1% year over year. It earns a return on equity of 7.6%. Net debt stands at 11.5B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 12,652 KRW (bear case) to 15,327 KRW (bull case); at 5,990 KRW, the current price sits below 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 31% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 125%, 163560 screens cheaper 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
Residual Income 12,907 KRW 12,912 KRW 11,983 KRW 76
ROIC Compounder 13,785 KRW 15,693 KRW 17,549 KRW 72
Growth-Adj P/E 9,480 KRW 13,543 KRW 17,606 KRW 68
All 14 models by family
DCF Models
Owner Earnings 11,660 KRW 15,727 KRW 21,500 KRW 31
Earnings-Based
Graham-Dodd 5,214 KRW 11,951 KRW 15,327 KRW 54
PEG = 1.0 1,997 KRW 2,852 KRW 3,708 KRW 46
EPV 13,785 KRW 15,693 KRW 17,363 KRW 59
Multiples
P/E Multiple 12,652 KRW 16,869 KRW 21,087 KRW 63
P/S Multiple 9,776 KRW 13,035 KRW 16,294 KRW 58
P/B Multiple 9,776 KRW 13,035 KRW 16,294 KRW 55
EV/EBIT 20,368 KRW 26,378 KRW 32,388 KRW 53
EV/EBITDA 18,089 KRW 23,339 KRW 28,590 KRW 54
EV/Revenue 14,491 KRW 19,700 KRW 24,909 KRW 43
Asset-Based
NCAV (Graham) 8,541 KRW 11,445 KRW 17,082 KRW 50
Economic Profit
Residual Income 12,907 KRW 12,912 KRW 11,983 KRW 76
ROIC Compounder 13,785 KRW 15,693 KRW 17,549 KRW 72
Growth Earnings
Growth-Adj P/E 9,480 KRW 13,543 KRW 17,606 KRW 68

Widest divergence: Multiples (16,869 KRW) versus Asset-Based (11,445 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 373B KRW
Revenue growth (YoY) +9.1%
Net margin 5.1%
Return on equity 7.6%
Free cash flow −9.3B KRW FY2025
Operating margin 8.2%
More key figures
Dividend yield 2.7%
EPS growth (YoY) +394%
Net debt 11.5B KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 53 · Market factors (momentum, volatility) 35

Profitability 39
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 82
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

DRB Industrial Co., Ltd. manufactures and distributes rubber belts in Korea. The company offers vehicle sealings, such as glass run/channels, door seals, body seals, tailgate seals, and hood seals; construction materials, including low vibration track systems, ballast mats, platform gap fillers, and fastening systems for railway products; rubber fender, …

Full company description

DRB Industrial Co., Ltd. manufactures and distributes rubber belts in Korea. The company offers vehicle sealings, such as glass run/channels, door seals, body seals, tailgate seals, and hood seals; construction materials, including low vibration track systems, ballast mats, platform gap fillers, and fastening systems for railway products; rubber fender, automatic cable cover belt, and accessories for marine products; and submerged gaskets, membranes for tanks, shock mounts, diaphragms, water-proof sheets, sluice seals, gas holders, crash cushions, and door seals for civil engineering and industrial materials, as well as rubber dam, eco-tank, multi-function HDPE catch basin, and intercepted flow control device for eco products. It also provides seismic isolation and vibration control products comprising isolation, damper, and structural systems; power transmission belts, such as wrapped belts, raw edge cogged belts, bucket elevator conveyor belts, V-ribbed belts, and timing belts used in industrial, automotive, and agricultural industries. In addition, the company offers conveyor belts, pipe/return pipe conveyor systems, corrugated sidewall conveyor systems, and air floating conveyor systems; and rubber track and undercarriage systems, and rubber pads. Further, it conducts architectural engineering work for performance-based design of structures, seismic isolation vibration control device and structure design, and composite beam design. DRB Industrial Co., Ltd. was founded in 1945 and is headquartered in Busan, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DRB Industrial Co reported revenue of 365B KRW in FY2025 versus 278B KRW in FY2021, a compound +7.1%/yr. Reported net income was 10.7B KRW in FY2025, compounding +15.1%/yr from FY2021.

Growth Quality 45/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
365B KRW
Latest YoY
+8.2%
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.
−2.3%
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.
+8.4%
Avg. growth/yr (11Y) 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.
+3.5%
Revenue +7.1%/yr
FY21 278B KRW
FY22 390B KRW
FY23 358B KRW
FY24 337B KRW
FY25 365B KRW
Net income +15.1%/yr
FY21 6.1B KRW
FY22 7.8B KRW
FY23 9.6B KRW
FY24 10.9B KRW
FY25 10.7B KRW

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Cite: Fair Value Calculator (2026). "DRB Industrial Co Fair Value". https://www.fairvalue-calculator.com/stock/163560

Peer Group

Auto Parts · 641 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 57 · Above median
Fair Value upside +125% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 9% · Above median
Dividend yield (TTM) 2.7% · Above median
Debt / equity 0.01× · Lower than 75% of peers

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 100 · sector 17
FUTURE 46 · sector 24
PAST 30 · sector 26
HEALTH 99 · sector 95
DIVIDEND 53 · sector 30

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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 482,000 KRW 678,420 KRW +41%
Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is DRB Industrial Co (163560) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 13,467 KRW versus a price of 5,990 KRW, about +125% (undervalued).
What is the fair value of 163560?
Our model-based fair value for DRB Industrial Co is 13,467 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 5,990 KRW.
What is the quality score of 163560?
DRB Industrial Co has a Quality Score of 57/100. 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 DRB Industrial Co (163560)?
DRB Industrial Co reported trailing-twelve-month revenue of about 373B KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 163560?
The net profit margin of DRB Industrial Co is about 5.1%, meaning it keeps roughly 5.1% of revenue as net income. Based on the latest reported figures.
Does DRB Industrial Co pay a dividend?
DRB Industrial Co currently shows a dividend yield of about 2.39% relative to its recent price (as of Jul 24, 2026).

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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