EN DE

UST Co (263770) Fair Value & Analysis

Basic Materials · KR · Market cap 35.6B KRW

UC UST Co 263770 · KQ
Price1,625 KRW
Fair Value2,536 KRW
Upside+56.1%
Quality59/100
Watch UST Co for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 4.3% net margin
Low debt · generates free cash flow
4.06% dividend yield
Ranks above peers (8/10)
Narrow moat 32/100
Evidence: High Range 1,963 KRW – 2,769 KRW Share as image

Fair value as of: Jul 22, 2026

From 22 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 2,027 KRW to 2,536 KRW (+25.1%) since Jul 7, 2026. Share price +2.0% over the past month.

A solid business, screening 56% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1,963 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

6,420 KRW 1,395 KRW Fair Value 2,536 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 1,395 KRW – 6,420 KRW · fair‑value band 1,963 KRW – 2,769 KRW · the 1,625 KRW price screens below the 2,536 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

UST Co (263770) currently trades at 1,625 KRW, while our model-based Fair Value estimate is 2,536 KRW, implying the stock looks roughly 56.1% undervalued today. The Quality Score stands at 59/100 (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: high), always confirm before acting.

Over the trailing twelve months, UST Co generated revenue of 59.8B KRW at a net margin of 4.3%. Revenue grew 12.6% year over year. It earns a return on equity of 3.1%. Net debt stands at 10.6B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,963 KRW (bear case) to 2,769 KRW (bull case); at 1,625 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 45% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at 56%, 263770 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 3,429 KRW 4,276 KRW 5,724 KRW 80
Residual Income 2,546 KRW 2,465 KRW 2,073 KRW 76
Rev-Margin DCF 2,467 KRW 2,951 KRW 3,564 KRW 74
All 22 models by family
DCF Models
FCF DCF 3,325 KRW 4,198 KRW 5,814 KRW 38
Owner Earnings 2,772 KRW 3,427 KRW 4,641 KRW 31
5Y Revenue Exit 2,467 KRW 2,899 KRW 3,521 KRW 39
5Y EBITDA Exit 2,648 KRW 3,212 KRW 3,958 KRW 41
5Y P/E Exit 2,656 KRW 3,225 KRW 3,909 KRW 38
10Y Revenue Exit 2,763 KRW 3,115 KRW 3,473 KRW 36
10Y EBITDA Exit 2,897 KRW 3,309 KRW 3,730 KRW 37
10Y P/E Exit 2,901 KRW 3,317 KRW 3,701 KRW 35
Earnings-Based
Graham-Dodd 706.87 KRW 863.95 KRW 971.95 KRW 54
EPV 1,849 KRW 1,973 KRW 2,082 KRW 59
Multiples
P/E Multiple 1,325 KRW 1,767 KRW 2,209 KRW 63
P/S Multiple 1,325 KRW 1,767 KRW 2,209 KRW 58
P/B Multiple 1,325 KRW 1,767 KRW 2,209 KRW 55
EV/EBIT 2,144 KRW 2,491 KRW 2,838 KRW 53
EV/EBITDA 2,413 KRW 2,850 KRW 3,287 KRW 54
EV/Revenue 2,005 KRW 2,392 KRW 2,779 KRW 43
Asset-Based
NCAV (Graham) 1,760 KRW 2,359 KRW 3,521 KRW 50
Growth DCF
Growth DCF 3,429 KRW 4,276 KRW 5,724 KRW 80
Rev-Margin DCF 2,467 KRW 2,951 KRW 3,564 KRW 74
Economic Profit
Residual Income 2,546 KRW 2,465 KRW 2,073 KRW 76
ROIC Compounder 1,849 KRW 1,973 KRW 2,082 KRW 72
Growth Earnings
Growth-Adj P/E 944.21 KRW 1,349 KRW 1,754 KRW 68

Widest divergence: DCF Models (3,225 KRW) versus Earnings-Based (863.95 KRW). Highest evidence: Growth DCF (80).

Notify me when 263770 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 59.8B KRW
Revenue growth (YoY) +12.6%
Net margin 4.3%
Return on equity 3.1%
Free cash flow 5.4B KRW FY2025
Operating margin 6.6%
More key figures
Dividend yield 4.1%
EPS growth (YoY) +12.4%
Net debt 10.6B KRW FY2020

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 60 · Market factors (momentum, volatility) 26

Profitability 28
Margins and returns on capital today
Quality Growth 8
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 13
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

UST Co., Ltd. manufactures and sells stainless steel pipes and tubes in South Korea. It offers pipes, clean tubes, and precision tubes are used in various industries. The company was formerly known as U-Steel Co., Ltd. and changed its name to UST Co., Ltd. in 2017. UST Co., Ltd. was founded in 1990 and is headquartered in Pohang, South Korea. UST Co., Ltd.

Full company description

UST Co., Ltd. manufactures and sells stainless steel pipes and tubes in South Korea. It offers pipes, clean tubes, and precision tubes are used in various industries. The company was formerly known as U-Steel Co., Ltd. and changed its name to UST Co., Ltd. in 2017. UST Co., Ltd. was founded in 1990 and is headquartered in Pohang, South Korea. UST Co., Ltd. operates as a subsidiary of Hwang Kum Steel & Technology Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

UST Co reported revenue of 58.0B KRW in FY2025 versus 66.1B KRW in FY2021, a compound −3.2%/yr. Reported net income was 2.4B KRW in FY2025, compounding −18.7%/yr from FY2021.

Growth Quality 48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
58.0B KRW
Latest YoY
−22.5%
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.
−16.6%
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.
+2.7%
Avg. growth/yr (7Y) 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.
+2.2%
Revenue −3.2%/yr
FY21 66.1B KRW
FY22 99.9B KRW
FY23 99.1B KRW
FY24 74.8B KRW
FY25 58.0B KRW
Net income −18.7%/yr
FY21 5.6B KRW
FY22 12.5B KRW
FY23 11.7B KRW
FY24 5.5B KRW
FY25 2.4B KRW

Watch 263770: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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.

Cite: Fair Value Calculator (2026). "UST Co Fair Value". https://www.fairvalue-calculator.com/stock/263770

Peer Group

Steel · 378 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 59 · Top 25%
Fair Value upside +56% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 13% · Above median
Dividend yield (TTM) 4.1% · Above median

Valuation Multiples vs Steel 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 19
FUTURE 63 · sector 4
PAST 12 · sector 15
HEALTH 100 · sector 95
DIVIDEND 81 · sector 41

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 Steel stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

Compare UST Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is UST Co (263770) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 2,536 KRW versus a price of 1,625 KRW, about +56% (undervalued).
What is the fair value of 263770?
Our model-based fair value for UST Co is 2,536 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,625 KRW.
What is the quality score of 263770?
UST Co has a Quality Score of 59/100. 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 UST Co (263770)?
UST Co reported trailing-twelve-month revenue of about 59.8B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 263770?
The net profit margin of UST Co is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.
Does UST Co pay a dividend?
UST Co currently shows a dividend yield of about 3.57% relative to its recent price (as of Jul 22, 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.

14 days Pro free · no card

Track UST Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.