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DONGKUK COATED METAL CLS LTD (460850) Fair Value & Analysis

Basic Materials · KR · Market cap 141B KRW

DC DONGKUK COATED METAL CLS LTD 460850 · KO
Price5,200 KRW
Fair Value9,142 KRW
Upside+75.8%
Quality45/100
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Strengths

Trades 43% below our fair value of 9,142 KRW
Low debt · generates free cash flow

Risks

!Mixed Growth (revenue YoY +28.0 %/yr)
!Loss-making · -1.8% net margin
!Trails peers (3/10)
!Narrow moat 18/100
Mixed Growth (revenue YoY +28.0 %/yr)
Loss-making · -1.8% net margin
Low debt · generates free cash flow
6.44% dividend yield
Trails peers (3/10)
Narrow moat 18/100
Evidence: Medium Range 9,142 KRW – 20,104 KRW Share as image

Fair value as of: Aug 20, 2026

From 10 valuation models · updated 5 days ago

Share price +2.2% over the past month.

Below-average quality, trading 43% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case (9,142 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (9,142 KRW to 20,104 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

15,268 KRW 4,480 KRW Fair Value 9,142 KRW Jun 2023 Aug 2026

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

How to read this chart

38‑month range 4,480 KRW – 15,268 KRW · fair‑value band 9,142 KRW – 20,104 KRW · the 5,200 KRW price screens below the 9,142 KRW fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

DONGKUK COATED METAL CLS LTD (460850) currently trades at 5,200 KRW, while our model-based Fair Value estimate is 9,142 KRW, implying the stock looks roughly 75.8% undervalued today. The Quality Score stands at 45/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, DONGKUK COATED METAL CLS LTD generated revenue of 2.7T KRW at a net margin of -1.8%. Revenue declined 7.9% year over year. It earns a return on equity of -6.0%. Net debt stands at 818B KRW. Fundamentals as of Aug 20, 2026

Our scenario range runs from 9,142 KRW (bear case) to 20,104 KRW (bull case); at 5,200 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 33% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -17% fair-value upside, at 76%, 460850 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 46,502 KRW 90,320 KRW 162,124 KRW 80
Rev-Margin DCF 39,090 KRW 67,353 KRW 126,582 KRW 74
EV/EBITDA 13,782 KRW 17,706 KRW 21,630 KRW 54
All 10 models by family
DCF Models
FCF DCF 49,314 KRW 76,444 KRW 162,836 KRW 38
5Y Revenue Exit 35,654 KRW 59,116 KRW 108,129 KRW 39
5Y EBITDA Exit 23,849 KRW 35,245 KRW 57,387 KRW 41
10Y Revenue Exit 39,074 KRW 80,753 KRW 106,431 KRW 36
10Y EBITDA Exit 31,622 KRW 55,332 KRW 92,613 KRW 37
Multiples
EV/EBITDA 13,782 KRW 17,706 KRW 21,630 KRW 54
EV/Revenue 27,586 KRW 38,547 KRW 49,508 KRW 43
Asset-Based
NCAV (Graham) 16,449 KRW 22,042 KRW 32,899 KRW 50
Growth DCF
Growth DCF 46,502 KRW 90,320 KRW 162,124 KRW 80
Rev-Margin DCF 39,090 KRW 67,353 KRW 126,582 KRW 74

Widest divergence: Growth DCF (67,353 KRW) versus Multiples (17,706 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/S ratio 0.05 TTM
Dividend yield 6.4%
Net margin -1.8% TTM
Return on equity -6.0% TTM
Return on assets -0.8% TTM
Operating margin 1.2% TTM
More key figures
Growth
Revenue (TTM) 2.7T KRW TTM
Revenue growth (YoY) -7.9%
Balance sheet & cash flow
Free cash flow 83.9B KRW FY2025
Net debt 818B KRW FY2025 · ≈ 9.7 yrs of FCF

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 43 · Market factors (momentum, volatility) 40

Profitability 20
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 80
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Dongkuk CM Co., Ltd. engages in the steel business in South Korea, the United States, Asia, Europe, and internationally. The company offers colour steel plates, cold rolled steel sheets, and processed products for construction. The company was founded in 1954 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2023 – FY2025 · reported fiscal years

DONGKUK COATED METAL CLS LTD reported revenue of 2.8T KRW in FY2025 versus 1.3T KRW in FY2023, a compound +47.9%/yr. Reported net income was −52.9B KRW in FY2025.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.8T KRW
Latest YoY
+28.0%
Value creation/yr We only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Revenue +47.9%/yr
FY23 1.3T KRW
FY24 2.2T KRW
FY25 2.8T KRW
Net income
FY23 10.1B KRW
FY24 63.8B KRW
FY25 −52.9B KRW

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Cite: Fair Value Calculator (2026). "DONGKUK COATED METAL CLS LTD Fair Value". https://www.fairvalue-calculator.com/stock/460850

Peer Group

Steel · 394 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 45 · Below median
Fair Value upside +76% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth -8% · Below median
Dividend yield (TTM) 5.8% · Top 25%
Debt / equity 0.20× · Higher than 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 13
FUTURE0 · sector 2
PAST0 · sector 16
HEALTH90 · sector 95
DIVIDEND100 · sector 48

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 Steel stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Nucor Corporation NUE $271.81 $116.05 -57%
ArcelorMittal S.A MT €64.18 €53.35 -17%
Steel Dynamics, Inc STLD $228.68 $127.14 -44%
JSW Steel Limited JSWSTEEL ₹1,296 ₹1,119 -14%
500228 500228 ₹1,292 ₹1,079 -16%
Tata Steel Limited TATASTEEL ₹186.20 ₹145.39 -22%
Reliance, Inc RS $427.11 $217.81 -49%
Baoshan Iron & Steel Co 600019 ¥5.91 ¥8.07 +37%
POSCO Holdings PKX $57.09 $83.53 +46%
Jindal Steel & Power Limited JINDALSTEL ₹1,114 ₹429.44 -61%

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Frequently asked questions

Is DONGKUK COATED METAL CLS LTD (460850) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 9,142 KRW versus a price of 5,200 KRW, about +76% (undervalued).
What is the fair value of 460850?
Our model-based fair value for DONGKUK COATED METAL CLS LTD is 9,142 KRW (as of Aug 20, 2026), built from audited fundamentals. The current price: 5,200 KRW.
What is the quality score of 460850?
DONGKUK COATED METAL CLS LTD has a Quality Score of 45/100. 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 DONGKUK COATED METAL CLS LTD (460850)?
DONGKUK COATED METAL CLS LTD reported trailing-twelve-month revenue of about 2.7T KRW (latest available figure, as of Aug 20, 2026).
What is the net profit margin of 460850?
The net profit margin of DONGKUK COATED METAL CLS LTD is about -1.8%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does DONGKUK COATED METAL CLS LTD pay a dividend?
DONGKUK COATED METAL CLS LTD currently shows a dividend yield of about 5.91% relative to its recent price (as of Aug 20, 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.

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