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Tongyang Pile Inc (228340) Fair Value & Analysis

Basic Materials · KR · Market cap 52.0B KRW

TP Tongyang Pile Inc 228340 · KQ
Price2,915 KRW
Fair Value3,099 KRW
Upside+6.3%
Quality55/100
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Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth
!Loss-making · -7.3% net margin
!Mixed vs. peers (5/9)
!Narrow moat 26/100
Mixed Growth
Loss-making · -7.3% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/9)
Narrow moat 26/100
Evidence: Low Range 2,418 KRW – 3,780 KRW Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 7 days ago

Fair value updated Aug 13, 2026, revised from 1,550 KRW to 3,099 KRW (+100.0%) since Jul 22, 2026. Share price +14.3% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

7,490 KRW 1,565 KRW Fair Value 3,099 KRW Apr 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 1,565 KRW – 7,490 KRW · fair‑value band 2,418 KRW – 3,780 KRW · the 2,915 KRW price screens below the 3,099 KRW fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Tongyang Pile Inc (228340) currently trades at 2,915 KRW, while our model-based Fair Value estimate is 3,099 KRW, implying the stock looks roughly 6.3% fairly valued today. The Quality Score stands at 55/100 (solid quality), in the Basic Materials 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: low), always confirm before acting.

Over the trailing twelve months, Tongyang Pile Inc generated revenue of 59.7B KRW at a net margin of -7.3%. Revenue grew 31.7% year over year. It earns a return on equity of -3.7%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 2,418 KRW (bear case) to 3,780 KRW (bull case); at 2,915 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 near its 52-week high and 88% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at 6%, 228340 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
Growth DCF 1,302 KRW 1,626 KRW 2,179 KRW 80
Rev-Margin DCF 1,189 KRW 1,559 KRW 2,013 KRW 74
NCAV (Graham) 2,888 KRW 3,870 KRW 5,777 KRW 50
All 7 models by family
DCF Models
FCF DCF 1,263 KRW 1,596 KRW 2,213 KRW 38
5Y Revenue Exit 1,189 KRW 1,539 KRW 2,048 KRW 39
10Y Revenue Exit 1,191 KRW 1,454 KRW 1,736 KRW 36
Multiples
EV/Revenue 1,209 KRW 1,550 KRW 1,890 KRW 43
Asset-Based
NCAV (Graham) 2,888 KRW 3,870 KRW 5,777 KRW 50
Growth DCF
Growth DCF 1,302 KRW 1,626 KRW 2,179 KRW 80
Rev-Margin DCF 1,189 KRW 1,559 KRW 2,013 KRW 74

Widest divergence: Asset-Based (3,870 KRW) versus DCF Models (1,539 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 59.7B KRW
Revenue growth (YoY) +31.7%
Net margin -7.3%
Return on equity -3.7%
Free cash flow 1.7B KRW FY2025
Operating margin 6.4%
More key figures
EPS growth (YoY) -97.5%

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 54 · Market factors (momentum, volatility) 68

Profitability 7
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 89
Price trend over the last 3–12 months (market factor)
52W Momentum 54
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

Tongyang Pile Inc. engages in the manufacture and sale of pretensioned spun high strength concrete piles in South Korea. The company was founded in 1992 and is headquartered in Asan-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tongyang Pile Inc reported revenue of 55.9B KRW in FY2025 versus 69.5B KRW in FY2021, a compound −5.3%/yr. Reported net income was −7.3B KRW in FY2025.

Growth Quality 31/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
55.9B KRW
Latest YoY
−1.1%
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.
−8.3%
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.
+3.6%
Avg. growth/yr (10Y) 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.
−7.0%
Revenue −5.3%/yr
FY21 69.5B KRW
FY22 72.6B KRW
FY23 71.1B KRW
FY24 56.6B KRW
FY25 55.9B KRW
Net income
FY21 2.4B KRW
FY22 4.9B KRW
FY23 5.2B KRW
FY24 −5.3B KRW
FY25 −7.3B KRW

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Cite: Fair Value Calculator (2026). "Tongyang Pile Inc Fair Value". https://www.fairvalue-calculator.com/stock/228340

Peer Group

Building Materials · 258 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 55 · Above median
Fair Value upside −4% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) -7% · Bottom 25%
Operating margin (TTM) 6% · Below median
Revenue growth 32% · Top 25%

Valuation Multiples vs Building Materials 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE27 · sector 23
FUTURE100 · sector 2
PAST0 · sector 15
HEALTH100 · sector 93
DIVIDEND0 · sector 44

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

Similar stocks

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

Stock Price Fair Value vs Fair Value
UltraTech Cement Limited ULTRACEMCO ₹11,891 ₹4,718 -60%
China Jushi Co 600176 ¥40.56 ¥13.22 -67%
Grasim Industries Limited GRASIM ₹3,293 ₹1,245 -62%
CEMEX, S.A. CEMEXCPO 21.71 MXN 12.27 MXN -43%
Ambuja Cements Limited AMBUJACEM ₹421.00 ₹216.73 -49%
Shree Cement Limited SHREECEM ₹25,570 ₹8,215 -68%
TCC Group 1101B 43.15 TWD 9.76 TWD -77%
Taiwan Glass Ind. Corp 1802 57.60 TWD 13.98 TWD -76%
J.K. Cement Limited JKCEMENT ₹5,349 ₹2,184 -59%
Dalmia Bharat Limited DALBHARAT ₹1,842 ₹1,032 -44%

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Frequently asked questions

Is Tongyang Pile Inc (228340) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 3,099 KRW versus a price of 2,915 KRW, about +6% (fairly valued).
What is the fair value of 228340?
Our model-based fair value for Tongyang Pile Inc is 3,099 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 2,915 KRW.
What is the quality score of 228340?
Tongyang Pile Inc has a Quality Score of 55/100. 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 Tongyang Pile Inc (228340)?
Tongyang Pile Inc reported trailing-twelve-month revenue of about 59.7B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 228340?
The net profit margin of Tongyang Pile Inc is about -7.3%, meaning it is currently running at a net loss. 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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