Dongwon Metal Co., Ltd.

018500.KS · Consumer Cyclical · Auto Parts · Valued as of 2026-11-03 · Statements 2026-03-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

267.73M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

419.39M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

126.47M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

271.20M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

48.68M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

5.57×

the ratio the screener ranks by

Margin of Safety

+82.0%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 267.73M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)394.77M USD
−②Net Debt Today127.04M USD
+③Growth Value0 USD
=Value267.73M USD

EPV of the Operations (NOPAT over WACC)

394.77M USD

Net debt today

-127.04M USD

Growth Value

0 USD

Value

267.73M USD

①EPV (earnings power value)

394.77M USD

②Net Debt Today

127.04M USD

③Growth Value

0 USD

Market value

Market Cap48.68M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+81.8%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 419.39M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE262.10M USD
+②Equity at Year 15, Today157.30M USD
=Value419.39M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

262.10M USD

②Equity at Year 15, Today

157.30M USD

Market value

Market Cap48.68M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+88.4%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 126.47M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (an FCFF at or below zero in the latest three years), so the value is the book value today, 126.47M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap48.68M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+61.5%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 5.10%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.91×Market Risk Premium 6.00%= 9.95%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC 25.00% (default): the statements print a tax provision of -4.18M USD on a pretax income of 21.60M USD, which gives no rate between 0 and the profit before tax, so the 25% default stands for the tax the interest saves.

Interest Expense =EBIT 29.56M USD−Pretax Income 21.60M USD= 7.96M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 7.96M USDTotal Debt 163.25M USD×(1 − Tax Rate for WACC 25.00%)= 3.66%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 163.25M USDMarket Cap + Total Debt 48.68M USD + 163.25M USD= 77.03%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 22.97%×Cost of Equity 9.95%+Debt Weight 77.03%×Cost of Debt 3.66%= 5.10%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 434.53M USD − Total Liabilities 308.05M USD = Book Value Today 126.47M USD

Total Debt 163.25M USD − Cash and Short-Term Investments 36.21M USD = Net Debt Today 127.04M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 10.0%at most 5%passes46,744,805 / 46,744,805
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets10.4%at least -10.0%passes(71.12M USD − 25.78M USD) ÷ 434.53M USD
Price to bookMarket Cap ÷ Book Value Today0.38×at most 3×passes48.68M USD ÷ 126.47M USD
Operating marginOperating Income ÷ Revenue5.3%above 10.0%does not pass23.11M USD ÷ 435.45M USD
Revenue growthRevenue ÷ Revenue a Year Before − 12.1%above 10.0%does not pass435.45M USD / 426.61M USD
Net cash(Cash − Total Debt) ÷ Market Cap-272.8%above -30%does not pass(30.46M USD − 163.25M USD) ÷ 48.68M USD
Operating efficiencyOperating Income ÷ Gross Profit25.3%above 25.0%passes23.11M USD ÷ 91.21M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

1378.38 KRW

Enterprise value

260.29B KRW

the provider's own figure

EV / EBITDA

2.86×

Price / book

—

the provider's book

Price / earnings

—

Return on equity

29.3%

the provider's figure, not this page's

Profit margin

6.9%

Revenue growth

15.3%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2023202420252026
Income statement

Revenue

415.87M421.40M426.61M435.45M

Gross profit

85.57M85.02M88.11M91.21M

Operating income

27.47M26.46M28.60M23.11M

EBITDA

operating income before depreciation and amortisation

61.08M63.13M63.63M64.66M

Pretax income

17.97M19.03M19.73M21.60M

Net income

14.03M13.56M14.42M25.78M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

14.27M13.51M14.21M25.77M

R&D

1.14M3.35M3.27M3.83M
Balance sheet, year end

Total assets

376.67M355.15M351.40M421.06M

Total liabilities

307.41M276.16M260.82M302.43M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

69.26M78.99M90.58M118.63M

Total debt

155.51M152.31M162.16M165.98M

Cash and equivalents

2.93M6.51M18.35M29.95M

Net PP&E

fixed assets after depreciation

211.15M212.24M209.22M228.94M

Working capital

current assets less current liabilities

-91.41M-49.87M-35.33M-36.43M
Cash flow

Operating cash flow

46.22M47.09M51.09M71.12M

Capital expenditure

paid out, so below zero

-31.45M-43.32M-46.24M-78.89M

Depreciation and amortisation

33.63M33.73M34.64M35.10M

Free cash flow

operating cash flow plus capital expenditure

14.78M3.76M4.85M-7.77M