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Dongkuk Steel Mill Company (460860) Fair Value & Analysis

Basic Materials · KR · Market cap 452B KRW

DS Dongkuk Steel Mill Company 460860 · KO
Price9,860 KRW
Fair Value2,824 KRW
Upside-71.4%
Quality27/100
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Weak Growth
Thin margins · 0.4% net margin
Low debt · negative free cash flow
4.36% dividend yield
Trails peers (3/10)
Narrow moat 19/100
Evidence: Medium Range 2,118 KRW – 3,530 KRW Share as image

Fair value as of: Jul 24, 2026

From 12 valuation models · updated 17 days ago

Share price +15.7% over the past month.

Below-average quality, and screening another 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (3,530 KRW). The favourable scenario is already priced in.
  • Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (3 years)

16,310 KRW 6,907 KRW Fair Value 2,824 KRW Jun 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

38‑month range 6,907 KRW – 16,310 KRW · fair‑value band 2,118 KRW – 3,530 KRW · the 9,860 KRW price screens above the 2,824 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Dongkuk Steel Mill Company (460860) currently trades at 9,860 KRW, while our model-based Fair Value estimate is 2,824 KRW, implying the stock looks roughly 71.4% overvalued today. The Quality Score stands at 27/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Dongkuk Steel Mill Company generated revenue of 3.3T KRW at a net margin of 0.4%. Revenue grew 18.1% year over year. It earns a return on equity of 0.7%. Net debt stands at 1.4T KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 2,118 KRW (bear case) to 3,530 KRW (bull case); at 9,860 KRW, the current price sits above 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 44% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -25% fair-value upside, at -71%, 460860 screens richer 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
Residual Income 25,937 KRW 23,881 KRW 17,052 KRW 76
ROIC Compounder 4,939 KRW 6,610 KRW 8,095 KRW 72
Growth-Adj P/E 1,509 KRW 2,156 KRW 2,802 KRW 68
All 12 models by family
Earnings-Based
Graham-Dodd 1,130 KRW 1,381 KRW 1,553 KRW 54
EPV 4,939 KRW 6,610 KRW 8,095 KRW 59
Multiples
P/E Multiple 2,118 KRW 2,824 KRW 3,530 KRW 63
P/S Multiple 2,118 KRW 2,824 KRW 3,530 KRW 58
P/B Multiple 2,118 KRW 2,824 KRW 3,530 KRW 55
EV/EBIT 8,055 KRW 12,249 KRW 16,444 KRW 53
EV/EBITDA 23,993 KRW 33,501 KRW 43,008 KRW 54
EV/Revenue 6,377 KRW 11,051 KRW 15,725 KRW 43
Asset-Based
NCAV (Graham) 19,014 KRW 25,479 KRW 38,029 KRW 50
Economic Profit
Residual Income 25,937 KRW 23,881 KRW 17,052 KRW 76
ROIC Compounder 4,939 KRW 6,610 KRW 8,095 KRW 72
Growth Earnings
Growth-Adj P/E 1,509 KRW 2,156 KRW 2,802 KRW 68

Widest divergence: Asset-Based (25,479 KRW) versus Earnings-Based (1,381 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 3.3T KRW
Revenue growth (YoY) +18.1%
Net margin 0.4%
Return on equity 0.7%
Free cash flow −607B KRW FY2025
Operating margin 2.5%
More key figures
Dividend yield 4.4%
EPS growth (YoY) +156%
Net debt 1.4T KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 27/100

Of which business quality 31 · Market factors (momentum, volatility) 20

Profitability 23
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 12
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 21
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.

About the company

Dongkuk Steel Mill Company Limited engages in the steel products. It offers reinforcing bars, sections, and steel plates, as well as involved in steel making. The is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2023 – FY2025 · reported fiscal years

Dongkuk Steel Mill Company reported revenue of 3.2T KRW in FY2025 versus 2.6T KRW in FY2023, a compound +10.3%/yr. Reported net income was 8.2B KRW in FY2025, compounding −75.9%/yr from FY2023.

Growth Quality 8/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.2T KRW
Latest YoY
−9.2%
Revenue +10.3%/yr
FY23 2.6T KRW
FY24 3.5T KRW
FY25 3.2T KRW
Net income −75.9%/yr
FY23 142B KRW
FY24 34.8B KRW
FY25 8.2B KRW

460860 screens 71% overvalued. Compare with Tata Steel Limited →

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Cite: Fair Value Calculator (2026). "Dongkuk Steel Mill Company Fair Value". https://www.fairvalue-calculator.com/stock/460860

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 27 · Bottom 25%
Fair Value upside −71% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 18% · Top 25%
Dividend yield (TTM) 4.4% · Top 25%
Debt / equity 0.27× · Higher than median

Valuation Multiples vs Steel median · lower = cheaper

EV/EBITDA 1.1× · 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 0 · sector 19
FUTURE 91 · sector 4
PAST 3 · sector 15
HEALTH 87 · sector 95
DIVIDEND 87 · sector 41

VALUE 0: the price sits above our fair-value range.

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 24, 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%
SSAB AB SSABA kr 96.04 kr 72.43 -25%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%

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Frequently asked questions

Is Dongkuk Steel Mill Company (460860) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 2,824 KRW versus a price of 9,860 KRW, about −71% (overvalued).
What is the fair value of 460860?
Our model-based fair value for Dongkuk Steel Mill Company is 2,824 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 9,860 KRW.
What is the quality score of 460860?
Dongkuk Steel Mill Company has a Quality Score of 27/100. 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 Steel Mill Company (460860)?
Dongkuk Steel Mill Company reported trailing-twelve-month revenue of about 3.3T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 460860?
The net profit margin of Dongkuk Steel Mill Company is about 0.4%, meaning it keeps roughly 0.4% of revenue as net income. Based on the latest reported figures.
Does Dongkuk Steel Mill Company pay a dividend?
Dongkuk Steel Mill Company currently shows a dividend yield of about 4.21% relative to its recent price (as of Jul 24, 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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