Tongyang Pile Inc (228340) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Tongyang Pile Inc KRW 2,514, price KRW 3,370, upside -25.4%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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.
Stock analysis
Tongyang Pile Inc (228340) currently trades at 3,370 KRW, while our model-based Fair Value estimate is 2,514 KRW, 25.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 3,870 KRW per share, and 1 of the 7 models we run sit above the 3,370 KRW price.
Bear case: the Growth DCF group reads lowest at 1,219 KRW, and 6 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 2,144 KRW (bear) to 2,993 KRW (bull), the price of 3,370 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 56/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
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.
Key figures
Market cap 67.4B KRW (≈ $50.1M) · P/S ratio 1.08 · Net margin −13.0% · Return on equity 0.0% · Return on assets (EBIT) 1.3% · Operating margin 11.3% · Revenue (TTM) 63.8B KRW · Revenue growth (YoY) +25.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 46% below its 52-week high and 115% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −46% fair-value upside, at −25%, 228340 screens cheaper than that median.
Fair Value models
Bear 2,144 KRWFair Value 2,514 KRWBull 2,993 KRW
Price 3,370 KRW · Upside -25.4%
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.31/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−1.1%
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.
−8.3%
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.
+3.6%
Start year 2020 (pandemic). Over 10 years: −7.0% a year
Revenue growth 10 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.
−7.0%
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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.
−8.6% (2020) → −8.5% (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
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+33.3%
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 +30.6% 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.Building Materials · 253 stocks
Beats the industry median on 3/6 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−25.4% · Below median
Profitability
Return on assets1.4% · Below median
Net margin (TTM)0.0% · Below median
Operating margin (TTM)11.3% · Above median
Growth and dividend
Revenue growth25.0% · Top 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)100· sector 8
PAST (return on equity)0· sector 17
HEALTH (low debt)100· sector 92
DIVIDEND (yield)0· sector 47
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.
Is Tongyang Pile Inc (228340) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 2,514 KRW versus a price of 3,370 KRW, about −25% upside (overvalued).
What is the fair value of 228340?
Our model-based fair value for Tongyang Pile Inc is 2,514 KRW (as of Oct 2, 2026), built from audited fundamentals. The current price: 3,370 KRW.
What is the quality score of 228340?
Tongyang Pile Inc has a Quality Score of 56/100. 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 Tongyang Pile Inc (228340)?
Our model-based price target is the fair value of 2,514 KRW (as of Oct 2, 2026) from 7 valuation models. Cautious scenario 2,144 KRW, optimistic scenario 2,993 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Tongyang Pile Inc stock forecast for 2026?
Our models put fair value at 2,514 KRW, about −25% upside versus a price of 3,370 KRW (overvalued). Cautious scenario 2,144 KRW, optimistic scenario 2,993 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Tongyang Pile Inc (228340)?
Tongyang Pile Inc reported trailing-twelve-month revenue of about 63.8B KRW (latest available figure, as of Oct 2, 2026).
What growth is priced into Tongyang Pile Inc (228340)?
For today's price to be fair in a discounted-cash-flow model, Tongyang Pile Inc would have to grow free cash flow by +33.3 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.6 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of 228340 use?
Our models discount Tongyang Pile Inc at 12.4 %: a base by market capitalisation (micro), damped by beta 0.76, 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 Tongyang Pile Inc that is +33.3 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Tongyang Pile Inc (228340) delivered so far?
Over the past 5 years revenue at Tongyang Pile Inc grew +3.6 % a year. The price currently implies +33.3 % 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 Tongyang Pile Inc (228340) growing?
The median revenue growth in the sector is +11.2 % a year. That is the yardstick for the growth priced into Tongyang Pile Inc (+33.3 % 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 Tongyang Pile Inc (228340)?
The free-cash-flow yield on the price is 2.59 %: that much free cash flow Tongyang Pile Inc produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tongyang Pile Inc (228340)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tongyang Pile Inc it is 2,514 KRW per share (as of Oct 2, 2026), against a price of 3,370 KRW. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Tongyang Pile Inc stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 228340 trades above its calculated fair value: price 3,370 KRW, fair value 2,514 KRW, a gap of about −25% (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 228340?
No. The price is what the market pays today (3,370 KRW); the fair value is what the company's own numbers justify (2,514 KRW). For Tongyang Pile Inc the two are 855.52 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Tongyang Pile Inc worth?
The market values Tongyang Pile Inc at about 67.4B KRW (market capitalisation, as of Oct 2, 2026). Per share that is 3,370 KRW; our models calculate a fair value of 2,514 KRW per share.
What do the bullish and bearish scenarios say about 228340?
Our models span a range for Tongyang Pile Inc: cautious scenario 2,144 KRW, base 2,514 KRW, optimistic 2,993 KRW per share (as of Oct 2, 2026, price 3,370 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Tongyang Pile Inc (228340)?
Balance-sheet figures for Tongyang Pile Inc (as of Oct 2, 2026): return on equity 0.0%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 228340 from its 52-week high?
Tongyang Pile Inc trades at 3,370 KRW, about 46% below its 52-week high of 6,240 KRW and 115% above the low of 1,565 KRW (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 2,514 KRW is for.
Which stocks are comparable to Tongyang Pile Inc?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, UltraTech Cement 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 Tongyang Pile Inc stock attractive at the current price?
The data as of Oct 2, 2026: price 3,370 KRW, calculated fair value 2,514 KRW (−25%), Quality Score 56/100, from 7 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 228340 calculated?
We run Tongyang Pile Inc through 7 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 2,514 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 15.0 % above its aggregate fair value. Tongyang Pile Inc 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 Tongyang Pile Inc (228340)?
The closing price on Oct 2, 2026 was 3,370 KRW. Our model-based fair value is 2,514 KRW, about −25% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tongyang Pile Inc right now?
The price sits above even our optimistic bull case (2,993 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Tongyang Pile Inc
How large is the market capitalisation of Tongyang Pile Inc (228340)?
The market capitalisation of Tongyang Pile Inc is 67.4B KRW (≈ $50.1M). 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 Tongyang Pile Inc (228340)?
The price-to-sales ratio of Tongyang Pile Inc is 1.08 (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 Tongyang Pile Inc (228340)?
The net margin of Tongyang Pile Inc is −13.0% (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 Tongyang Pile Inc (228340)?
The return on equity (ROE) of Tongyang Pile Inc is 0.0% (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 Tongyang Pile Inc (228340)?
On an EBIT basis the return on assets of Tongyang Pile Inc is 1.3% (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 Tongyang Pile Inc (228340)?
The operating margin of Tongyang Pile Inc is 11.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tongyang Pile Inc (228340)?
Revenue at Tongyang Pile Inc is growing +25.0% versus a year earlier (3y avg −8.3%). 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 Tongyang Pile Inc (228340)?
Earnings per share at Tongyang Pile Inc are growing −97.5% versus a year earlier. How much earnings per share grew versus a year earlier.
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