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Duk San Neolux Co (213420) Fair Value & Analysis

Technology · KR · Market cap 780B KRW

DS Duk San Neolux Co 213420 · KQ
Price33,500 KRW
Fair Value51,557 KRW
Upside+53.9%
Quality63/100
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Healthy Growth
Solidly profitable · 16.1% net margin
Low debt · generates free cash flow
Ranks above peers (8/9)
Wide moat 65/100
Evidence: High Range 28,401 KRW – 67,853 KRW Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 20 days ago

Fair value updated Jul 20, 2026, revised from 40,599 KRW to 51,557 KRW (+27.0%) since Jul 7, 2026. Share price +18.4% over the past month.

A solid business, screening 54% undervalued on our models.

What matters now

  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (28,401 KRW to 67,853 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

72,000 KRW 22,150 KRW Fair Value 51,557 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 22,150 KRW – 72,000 KRW · fair‑value band 28,401 KRW – 67,853 KRW · the 33,500 KRW price screens below the 51,557 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Duk San Neolux Co (213420) currently trades at 33,500 KRW, while our model-based Fair Value estimate is 51,557 KRW, implying the stock looks roughly 53.9% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Technology 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: high), always confirm before acting.

Over the trailing twelve months, Duk San Neolux Co generated revenue of 379B KRW at a net margin of 16.1%. Revenue grew 92.1% year over year. It earns a return on equity of 13.9%. Fundamentals as of Jul 20, 2026

Our scenario range runs from 28,401 KRW (bear case) to 67,853 KRW (bull case); at 33,500 KRW, the current price sits within 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 42% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 54%, 213420 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 BearBaseBull Evidence
Highest evidence
Growth DCF 34,487 KRW 64,266 KRW 127,035 KRW 80
Rev-Margin DCF 21,554 KRW 37,141 KRW 66,843 KRW 74
ROIC Compounder 29,009 KRW 40,599 KRW 50,775 KRW 72
All 24 models by family
DCF Models
FCF DCF 36,430 KRW 57,131 KRW 124,816 KRW 38
Owner Earnings 40,411 KRW 91,156 KRW 202,450 KRW 31
5Y Revenue Exit 21,213 KRW 32,764 KRW 56,770 KRW 39
5Y EBITDA Exit 22,420 KRW 35,205 KRW 60,185 KRW 41
5Y P/E Exit 29,033 KRW 59,882 KRW 101,627 KRW 38
10Y Revenue Exit 25,285 KRW 47,732 KRW 60,520 KRW 36
10Y EBITDA Exit 26,745 KRW 50,391 KRW 89,679 KRW 37
10Y P/E Exit 31,681 KRW 64,968 KRW 119,018 KRW 35
Earnings-Based
Graham-Dodd 14,725 KRW 102,692 KRW 144,113 KRW 54
Lynch FV 40,352 KRW 57,645 KRW 74,939 KRW 50
PEG = 1.0 40,352 KRW 57,645 KRW 74,939 KRW 46
EPV 23,490 KRW 27,171 KRW 30,444 KRW 59
Multiples
P/E Multiple 22,738 KRW 30,317 KRW 37,896 KRW 63
P/S Multiple 12,616 KRW 16,821 KRW 21,026 KRW 58
P/B Multiple 24,834 KRW 33,112 KRW 41,390 KRW 55
EV/EBIT 21,176 KRW 27,358 KRW 33,541 KRW 53
EV/EBITDA 16,806 KRW 21,532 KRW 26,258 KRW 54
EV/Revenue 14,404 KRW 19,450 KRW 24,496 KRW 43
Asset-Based
NCAV (Graham) 9,198 KRW 12,325 KRW 18,395 KRW 50
Growth DCF
Growth DCF 34,487 KRW 64,266 KRW 127,035 KRW 80
Rev-Margin DCF 21,554 KRW 37,141 KRW 66,843 KRW 74
Economic Profit
Residual Income 17,208 KRW 20,686 KRW 45,966 KRW 61
ROIC Compounder 29,009 KRW 40,599 KRW 50,775 KRW 72
Growth Earnings
Growth-Adj P/E 44,482 KRW 63,546 KRW 82,610 KRW 68

Widest divergence: Growth Earnings (63,546 KRW) versus Asset-Based (12,325 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 379B KRW
Revenue growth (YoY) +92.1%
Net margin 16.1%
Return on equity 13.9%
Free cash flow 46.5B KRW FY2025
Operating margin 23.5%
More key figures
EPS growth (YoY) +94.3%

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 62 · Market factors (momentum, volatility) 23

Profitability 45
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 15
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

Duk San Neolux Co.,Ltd develops and manufactures OLED materials for display industry in South Korea. It offers ETL, EIL, red host, CPL, HTL, and HIL materials. The company was founded in 2008 and is headquartered in Cheonan-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Duk San Neolux Co reported revenue of 344B KRW in FY2025 versus 191B KRW in FY2021, a compound +15.8%/yr. Reported net income was 53.2B KRW in FY2025, compounding +3.2%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
344B KRW
Latest YoY
+62.2%
Avg. growth/yr (3Y)
+24.9%
Avg. growth/yr (5Y)
+19.0%
Avg. growth/yr (10Y)
+23.9%
Revenue +15.8%/yr
FY21 191B KRW
FY22 177B KRW
FY23 164B KRW
FY24 212B KRW
FY25 344B KRW
Net income +3.2%/yr
FY21 46.8B KRW
FY22 38.9B KRW
FY23 35.8B KRW
FY24 45.8B KRW
FY25 53.2B KRW

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Cite: Fair Value Calculator (2026). "Duk San Neolux Co Fair Value". https://www.fairvalue-calculator.com/stock/213420

Peer Group

Electronic Components · 626 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 63 · Top 25%
Fair Value upside +54% · Top 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 23% · Top 25%
Revenue growth 92% · Top 25%
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/FCF 0.0× · Cheaper 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 0
FUTURE 100 · sector 32
PAST 56 · sector 24
HEALTH 93 · sector 95
DIVIDEND 0 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Duk San Neolux Co (213420) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 51,557 KRW versus a price of 33,500 KRW, about +54% (undervalued).
What is the fair value of 213420?
Our model-based fair value for Duk San Neolux Co is 51,557 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 33,500 KRW.
What is the quality score of 213420?
Duk San Neolux Co has a Quality Score of 63/100. 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 Duk San Neolux Co (213420)?
Duk San Neolux Co reported trailing-twelve-month revenue of about 379B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 213420?
The net profit margin of Duk San Neolux Co is about 16.1%, meaning it keeps roughly 16.1% 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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