Doosan Bobcat Inc (241560) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Doosan Bobcat Inc KRW 173,100, price KRW 57,700, upside +200.0%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 24,764 KRW – 76,281 KRW · fair‑value band 103,922 KRW – 225,030 KRW · the 57,700 KRW price screens below the 173,100 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Doosan Bobcat Inc. designs, manufactures, markets, and distributes compact construction equipment in North America, Europe, the Middle East, Africa, Asia, Latin America, and Oceania.
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Doosan Bobcat Inc. designs, manufactures, markets, and distributes compact construction equipment in North America, Europe, the Middle East, Africa, Asia, Latin America, and Oceania. It offers compact equipment, including compact loaders and excavators, telehandlers, compact tractors, zero-turn mowers, utility products, light compaction, articulating tractors, turf renovation equipment, and attachment products. The company also provides material handling products, such as internal combustion pneumatic and cushion forklifts, high capacity and electric counterbalance forklifts, and warehouse equipment; and portable power products comprising air compressors, generators, light towers, and industrial air products. It sells its products under the Bobcat, Doosan, and Geith brand names. The company serves construction, landscaping, agriculture, grounds maintenance, utility, and mining industries. Doosan Bobcat Inc. was formerly known as Doosan Infracore Bobcat Holdings Co., Ltd. and changed its name to Doosan Bobcat Inc. in January 2015. The company was founded in 1947 and is headquartered in Seongnam-si, South Korea.
Stock analysis
Doosan Bobcat Inc (241560) currently trades at 57,700 KRW, while our model-based Fair Value estimate is 173,100 KRW, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 209,637 KRW per share, and 21 of the 24 models we run sit above the 57,700 KRW price.
Bear case: the Asset-Based group reads lowest at 50,338 KRW, and 3 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 103,922 KRW (bear) to 225,030 KRW (bull), the price of 57,700 KRW sits below 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 61/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Doosan Bobcat Inc reported revenue of 8.8T KRW in FY2025 versus 5.8T KRW in FY2021, a compound +10.9%/yr. Reported net income was 402B KRW in FY2025, compounding +1.0%/yr from FY2021.
Key figures
Market cap 6.1T KRW (≈ $4.5B) · Dividend yield 2.9% · Net margin 4.6% · Return on equity 6.1% · Return on assets (EBIT) 9.0% · Operating margin 9.2% · Revenue growth (YoY) +6.2% · EPS growth (YoY) +15.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at 200%, 241560 screens cheaper than that median.
Fair Value models
Bear 103,922 KRWFair Value 173,100 KRWBull 225,030 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.8%
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.
+0.7%
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.
+15.5%
Start year 2020 (pandemic). Over 10 years: +8.1% 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.
+100.5%
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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.
+12.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.1%
Dividend (yield on the price)2.9%
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.9% → 8%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−12.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −13.8% a year for the price and +2.5% for the forecasts.
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.Farm & Heavy Construction Machinery · 155 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside+200% · Top 25%
Profitability
Return on equity (TTM)6% · Below median
Return on assets4% · Above median
Net margin (TTM)5% · Below median
Operating margin (TTM)9% · Above median
Growth and dividend
Revenue growth6% · Above median
Dividend yield (TTM)2.9% · Above median
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
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Is Doosan Bobcat Inc (241560) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 173,100 KRW versus a price of 57,700 KRW, about +200% upside (undervalued).
What is the fair value of 241560?
Our model-based fair value for Doosan Bobcat Inc is 173,100 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 57,700 KRW.
What is the quality score of 241560?
Doosan Bobcat Inc 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 Doosan Bobcat Inc (241560)?
Our model-based price target is the fair value of 173,100 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 103,922 KRW, optimistic scenario 225,030 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Doosan Bobcat Inc stock forecast for 2026?
Our models put fair value at 173,100 KRW, about +200% upside versus a price of 57,700 KRW (undervalued). Cautious scenario 103,922 KRW, optimistic scenario 225,030 KRW. The calculation is refreshed regularly with new filings.
Does Doosan Bobcat Inc pay a dividend?
Doosan Bobcat Inc currently shows a dividend yield of about 2.95% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Doosan Bobcat Inc (241560)?
For today's price to be fair in a discounted-cash-flow model, Doosan Bobcat Inc would have to grow free cash flow by -12.0 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 241560 use?
Our models discount Doosan Bobcat Inc at 9.8 %: a base by market capitalisation (mid), damped by beta 0.88, 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 Doosan Bobcat Inc that is -12.0 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Doosan Bobcat Inc (241560) delivered so far?
Over the past 5 years revenue at Doosan Bobcat Inc grew +15.5 % a year. The price currently implies -12.0 % 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 Doosan Bobcat Inc (241560) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Doosan Bobcat Inc (-12.0 % 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 Doosan Bobcat Inc (241560)?
The free-cash-flow yield on the price is 15.09 %: that much free cash flow Doosan Bobcat Inc produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Doosan Bobcat Inc (241560)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Doosan Bobcat Inc it is 173,100 KRW per share (as of Sep 24, 2026), against a price of 57,700 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Doosan Bobcat Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 241560 trades below its calculated fair value: price 57,700 KRW, fair value 173,100 KRW, a gap of about +200% (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 241560?
No. The price is what the market pays today (57,700 KRW); the fair value is what the company's own numbers justify (173,100 KRW). For Doosan Bobcat Inc the two are 115,400 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Doosan Bobcat Inc worth?
The market values Doosan Bobcat Inc at about 6.1T KRW (market capitalisation, as of Sep 24, 2026). Per share that is 57,700 KRW; our models calculate a fair value of 173,100 KRW per share.
What do the bullish and bearish scenarios say about 241560?
Our models span a range for Doosan Bobcat Inc: cautious scenario 103,922 KRW, base 173,100 KRW, optimistic 225,030 KRW per share (as of Sep 24, 2026, price 57,700 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Doosan Bobcat Inc (241560)?
Balance-sheet figures for Doosan Bobcat Inc (as of Sep 24, 2026): return on equity 6.1%, debt of 0.18 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 241560 from its 52-week high?
Doosan Bobcat Inc trades at 57,700 KRW, about 24% below its 52-week high of 76,281 KRW and 10% above the low of 52,367 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 173,100 KRW is for.
Which stocks are comparable to Doosan Bobcat Inc?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, 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 Doosan Bobcat Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 57,700 KRW, calculated fair value 173,100 KRW (+200%), Quality Score 61/100, from 24 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 241560 calculated?
We run Doosan Bobcat Inc through 24 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 173,100 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 14.0 % above its aggregate fair value. Doosan Bobcat Inc currently trades 200 % 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 Doosan Bobcat Inc (241560)?
The closing price on Sep 23, 2026 was 57,700 KRW. Our model-based fair value is 173,100 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Doosan Bobcat Inc right now?
The price is below even our cautious bear case (103,922 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (103,922 KRW to 225,030 KRW) leaves room in how you read the outcome.
Key figures of Doosan Bobcat Inc
How large is the market capitalisation of Doosan Bobcat Inc (241560)?
The market capitalisation of Doosan Bobcat Inc is 6.1T KRW (≈ $4.5B). 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 dividend yield of Doosan Bobcat Inc (241560)?
The dividend yield of Doosan Bobcat Inc is 2.9%. 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 Doosan Bobcat Inc (241560)?
The net margin of Doosan Bobcat Inc is 4.6% (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 Doosan Bobcat Inc (241560)?
The return on equity (ROE) of Doosan Bobcat Inc is 6.1% (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 Doosan Bobcat Inc (241560)?
On an EBIT basis the return on assets of Doosan Bobcat Inc is 9.0% (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 Doosan Bobcat Inc (241560)?
The operating margin of Doosan Bobcat Inc is 9.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Doosan Bobcat Inc (241560)?
Revenue at Doosan Bobcat Inc is growing +6.2% versus a year earlier (3y avg +0.7%). 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 Doosan Bobcat Inc (241560)?
Earnings per share at Doosan Bobcat Inc are growing +15.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Doosan Bobcat Inc (241560) carry?
The net debt of Doosan Bobcat Inc is 588B KRW (fiscal year 2022, ≈ 0.7 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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