Risk factor
Low price volatility
Profitability factor
Greatly undervalued vs peers
About
Founded in Seoul, South Korea, in 1956, Daesang Corporation operates globally, producing and distributing a wide array of food products and specialized ingredients. Its consumer-facing offerings include general foodstuffs like traditional bean pastes and seasonings, agro-fishery items such as vinegar and fish sauce, and fresh selections like Kimchi, tofu, western meals, deli items, and frozen foods. Beyond the consumer market, Daesang is a significant supplier of food ingredients; this includes various starches used in food, paper, textile, and construction industries, along with sweeteners critical for alcoholic beverages, confectionery, baking, and other drink sectors. The company also develops advanced bio ingredients, such as flavor enhancers, amino acids, and microalgae-based products, which are vital for food, dietary supplements, functional foods, animal nutrition, pet food, and pharmaceutical applications. Its Miwon brand bio ingredients are exported to approximately 80 countries worldwide. Additionally, Daesang is actively involved in the food distribution business.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT
Target Price
The average target price of 001680.KS is 31000 and suggests 74% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to