Daiyang Metal Valuation

Q: What is the Fair Price of A009190 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

A009190 (₩1494) is trading below our estimate of [[fair value]] (₩47622.42)

Is A009190 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A009190 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A009190 (₩1494) is trading below our estimate of fair value (₩47622.42)

Significantly Below Fair Value: A009190 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A009190?

Key metric: As A009190 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for A009190. This is calculated by dividing A009190's market cap by their current revenue.
What is A009190's PS Ratio?
PS Ratio	0.2x
Sales	₩284.05b
Market Cap	₩63.28b

A009190 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.9x
Enterprise Value/EBITDA	419.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does A009190's PS Ratio compare to its peers?

The above table shows the PS ratio for A009190 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.3x
A058730 Development Advance SolutionLtd	0.2x	n/a	₩64.3b
A025550 Hankuk Steel Wire	0.3x	n/a	₩65.7b
A053260 Keum Kang Steel	0.3x	n/a	₩68.7b
A071090 HisteelLtd	0.3x	n/a	₩61.0b
A009190 Daiyang Metal	0.2x	n/a	₩63.3b

Price-To-Sales vs Peers: A009190 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.3x).

Price to Sales Ratio vs Industry

How does A009190's PS Ratio compare vs other companies in the KR Metals and Mining Industry?

8 Companies	Price / Sales	Estimated Growth	Market Cap
A058650 SeAH Holdings	0.06x	n/a	US$276.48m
A001390 KG Chemical	0.03x	n/a	US$202.22m
A151860 KG Eco SolutionLtd	0.03x	n/a	US$158.63m
A012800 Daechang	0.07x	n/a	US$67.45m

8 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: A009190 is good value based on its Price-To-Sales Ratio (0.2x) compared to the KR Metals and Mining industry average (0.3x).

Price to Sales Ratio vs Fair Ratio

What is A009190's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A009190 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate A009190's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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