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Doosan Bobcat Inc (241560) Fair Value & Analysis

Industrials · KR · Market cap 6.1T KRW (≈ $4.3B) · ISIN KR7241560002

What is Doosan Bobcat Inc really worth?

DB Doosan Bobcat Inc 241560 · KO
Price62,800 KRW
Fair Value88,276 KRW
Upside+40.6%
Quality61/100

A solid business, trading 29% below our fair value of 88,276 KRW.

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Strengths

Healthy Growth (revenue 5y +15.5 %/yr)
Low debt · generates free cash flow
Ranks above peers (8/11)

Risks

!Thin margins · 4.7% net margin
!Narrow moat 39/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 24 out of 100

For context

·2.71% dividend yield
Evidence: Medium Range 66,207 KRW – 110,345 KRW

Fair value as of: Aug 23, 2026

From 24 valuation models · updated 13 days ago

Share price +4.0% over the past month.

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case (66,207 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

76,281 KRW 24,764 KRW Fair Value 88,276 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range 24,764 KRW – 76,281 KRW · fair‑value band 66,207 KRW – 110,345 KRW · the 62,800 KRW price screens below the 88,276 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Doosan Bobcat Inc (241560) currently trades at 62,800 KRW, while our model-based Fair Value estimate is 88,276 KRW, implying the stock looks roughly 28.9% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of 214,517 KRW per share, and 20 of the 24 models we run sit above the 62,800 KRW price. Bear case: the Asset-Based group reads lowest at 50,338 KRW, and 4 of the 24 models stay below the price. Evidence for this calculation is medium.

Revenue grew 9.4% year over year. It earns a return on equity of 6.3%. Net debt stands at 588B KRW. Fundamentals as of Aug 23, 2026

Our scenario range runs from 66,207 KRW (bear case) to 110,345 KRW (bull case); at 62,800 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 21% below its 52-week high and 35% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at 41%, 241560 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
EPV 53,746 KRW 61,930 KRW 69,206 KRW 74
Residual Income 59,504 KRW 61,269 KRW 61,897 KRW 74
FCF DCF 162,859 KRW 258,084 KRW 569,448 KRW 72
All 24 models by family
DCF Models
FCF DCF 162,859 KRW 258,084 KRW 569,448 KRW 72
Owner Earnings 71,642 KRW 157,970 KRW 347,305 KRW 68
5Y Revenue Exit 102,019 KRW 164,525 KRW 294,794 KRW 68
5Y EBITDA Exit 126,734 KRW 214,517 KRW 386,524 KRW 70
5Y P/E Exit 99,171 KRW 194,498 KRW 321,326 KRW 66
10Y Revenue Exit 117,899 KRW 235,042 KRW 304,691 KRW 64
10Y EBITDA Exit 139,447 KRW 289,517 KRW 547,192 KRW 62
10Y P/E Exit 118,874 KRW 228,764 KRW 402,245 KRW 59
Earnings-Based
Graham-Dodd 28,585 KRW 199,345 KRW 279,751 KRW 61
Lynch FV 102,989 KRW 147,127 KRW 191,265 KRW 59
PEG = 1.0 102,989 KRW 147,127 KRW 191,265 KRW 55
EPV 53,746 KRW 61,930 KRW 69,206 KRW 74
Multiples
P/E Multiple 66,207 KRW 88,276 KRW 110,345 KRW 63
P/S Multiple 53,596 KRW 71,462 KRW 89,327 KRW 58
P/B Multiple 53,596 KRW 71,462 KRW 89,327 KRW 55
EV/EBIT 98,766 KRW 129,233 KRW 159,699 KRW 66
EV/EBITDA 109,251 KRW 143,213 KRW 177,174 KRW 67
EV/Revenue 72,601 KRW 100,558 KRW 128,516 KRW 54
Asset-Based
NCAV (Graham) 37,566 KRW 50,338 KRW 75,131 KRW 54
Growth DCF
Growth DCF 153,918 KRW 312,807 KRW 579,653 KRW 72
Rev-Margin DCF 111,477 KRW 187,279 KRW 346,457 KRW 67
Economic Profit
Residual Income 59,504 KRW 61,269 KRW 61,897 KRW 74
ROIC Compounder 53,746 KRW 61,930 KRW 69,206 KRW 70
Growth Earnings
Growth-Adj P/E 134,709 KRW 192,442 KRW 250,174 KRW 65

Widest divergence: DCF Models (214,517 KRW) versus Asset-Based (50,338 KRW). Highest evidence: EPV (74).

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Key figures & financial health

Dividend yield 2.7%
Net margin 4.6% FY2025
Return on equity 6.1% TTM
Return on assets (EBIT) 9.0% avg 5y
Operating margin 9.2% TTM
Revenue growth (YoY) +6.2% 3y avg +0.7%
More key figures
Growth
EPS growth (YoY) +15.7%
Balance sheet & cash flow
Free cash flow 833B KRW FY2025
Net debt 588B KRW FY2022 · ≈ 0.7 yrs of FCF

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 62 · Market factors (momentum, volatility) 43

Profitability 34
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 99
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

Doosan Bobcat Inc. designs, manufactures, markets, and distributes compact construction equipment in North America, Europe, the Middle East, Africa, Asia, Latin America, and Oceania.

Full company description

Doosan Bobcat Inc. designs, manufactures, markets, and distributes compact construction equipment in North America, Europe, the Middle East, Africa, Asia, Latin America, and Oceania. It offers compact equipment, including compact loaders and excavators, telehandlers, compact tractors, zero-turn mowers, utility products, light compaction, articulating tractors, turf renovation equipment, and attachment products. The company also provides material handling products, such as internal combustion pneumatic and cushion forklifts, high capacity and electric counterbalance forklifts, and warehouse equipment; and portable power products comprising air compressors, generators, light towers, and industrial air products. It sells its products under the Bobcat, Doosan, and Geith brand names. The company serves construction, landscaping, agriculture, grounds maintenance, utility, and mining industries. Doosan Bobcat Inc. was formerly known as Doosan Infracore Bobcat Holdings Co., Ltd. and changed its name to Doosan Bobcat Inc. in January 2015. The company was founded in 1947 and is headquartered in Seongnam-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Doosan Bobcat Inc reported revenue of 8.8T KRW in FY2025 versus 5.8T KRW in FY2021, a compound +10.9%/yr. Reported net income was 402B KRW in FY2025, compounding +1.0%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
8.8T KRW
Latest YoY
+2.8%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.5%
Avg. revenue growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+100.5%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+11.8% (9.1 + 2.7)
Revenue +10.9%/yr
FY21 5.8T KRW
FY22 8.6T KRW
FY23 9.8T KRW
FY24 8.6T KRW
FY25 8.8T KRW
Net income +1.0%/yr
FY21 386B KRW
FY22 644B KRW
FY23 921B KRW
FY24 563B KRW
FY25 402B KRW

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Cite: Fair Value Calculator (2026). "Doosan Bobcat Inc Fair Value". https://www.fairvalue-calculator.com/stock/241560

Peer Group

Farm & Heavy Construction Machinery · 150 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 61 · Above median
Fair Value upside +41% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 4% · Above median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 9% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 2.7% · Above median
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/S (TTM) 0.68× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers

Strength profile in five axes (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
VALUE87 · sector 12
FUTURE31 · sector 29
PAST24 · sector 31
HEALTH91 · sector 93
DIVIDEND54 · sector 39

Insider activity: 40/100

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 Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $800.25 $307.83 −62%
Deere & Company DE $622.66 $182.29 −71%
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PACCAR Inc PCAR $122.45 $94.80 −23%
Daimler Truck Holding DTG €45.73 €47.70 +4%
Epiroc AB EPIA kr 272.80 kr 144.14 −47%
Exor N.V EXO €72.10 €123.44 +71%
Sany Heavy Industry Co 600031 ¥19.06 ¥20.84 +9%
Traton SE 8TRA €37.78 €52.60 +39%
Metso Oyj METSO €16.75 €10.73 −36%

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Frequently asked questions

Is Doosan Bobcat Inc (241560) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of 88,276 KRW versus a price of 62,800 KRW, about +41% upside (undervalued).
What is the fair value of 241560?
Our model-based fair value for Doosan Bobcat Inc is 88,276 KRW (as of Aug 23, 2026), built from audited fundamentals. The current price: 62,800 KRW.
What is the quality score of 241560?
Doosan Bobcat Inc has a Quality Score of 61/100. 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 net profit margin of 241560?
The net profit margin of Doosan Bobcat Inc is about 4.7%, meaning it keeps roughly 4.7% of revenue as net income. Based on the latest reported figures.
Does Doosan Bobcat Inc pay a dividend?
Doosan Bobcat Inc currently shows a dividend yield of about 2.71% relative to its recent price (as of Aug 23, 2026).
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