Hanmi Semicon (042700) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hanmi Semicon stock KRW 105,310, price KRW 161,400, that is 34.8% below the price, quality 74 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 10,117 KRW – 409,500 KRW · fair‑value band 55,736 KRW – 130,259 KRW · the 161,400 KRW price screens above the 105,310 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow Hanmi Semicon in your weekly email
Every Wednesday you see whether Hanmi Semicon is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
HANMI Semiconductor Co., Ltd. manufactures and sells semiconductor equipment in South Korea and internationally.
Show moreShow less
The company offers bonder; micro SAW equipment; vision placement equipment; meta grinder; EMI shield vision attach and detach, EMI shield vision placement, EMI shield tape mounter, EMI shield tape laser cutting, EMI shield tape demounter, vision inspection, and converlay attach equipment; laser marking, laser ablation, and laser cutting equipment; and pick and place, strip mounter, and vision inspection equipment.
HANMI Semiconductor Co., Ltd. was founded in 1980 and is based in Incheon, South Korea.
Stock analysis
Hanmi Semicon (042700) currently trades at 161,400 KRW, while our model-based Fair Value estimate is 105,310 KRW, 35% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 77,709 KRW per share, and 0 of the 26 models we run sit above the 161,400 KRW price.
Bear case: the Economic Profit group reads lowest at 22,313 KRW, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 55,736 KRW (bear) to 130,259 KRW (bull), the price of 161,400 KRW sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hanmi Semicon reported revenue of 577B KRW in FY2025 versus 373B KRW in FY2021, a compound +11.5%/yr. Reported net income was 214B KRW in FY2025, compounding +19.6%/yr from FY2021.
Key figures
Market cap 15.3T KRW (≈ $11.2B) Large · P/E ratio 72.2 · P/S ratio 27.8 · EPS (TTM) 2,341 KRW · Dividend yield 0.5% · Net margin 40.3% · Return on equity 33.2% · Return on assets (EBIT) 24.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 94 out of 100 (medium confidence).
What moves the price
The share trades about 61% below its 52-week high and 40% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −2% fair-value upside, at −35%, 042700 screens richer than that median.
Fair Value models
Bear55,736 KRWFair Value 105,310 KRWBull130,259 KRW
Price 161,400 KRW · Downside -34.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1,317 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
+17.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.2%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.17.2% vs 15.2%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.26% → 44%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+50.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+41.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +47.9% a year for the price and +38.1% for the forecasts.
AI conclusion: High returns on equity and strong margins reflect pricing power together with operational efficiency, yet sparse disclosure on governance and heavy memory-customer concentration restrict the durability assessment.
Main risk: SK hynix diversifying suppliers to Hanwha Semitech and others could reduce Hanmi's TC bonder orders and pressure prices or margins in its core HBM packaging business.
Bull case: By winning orders from Micron, Taiwanese foundries and OSATs for 2.5D and FC bonders while building a US subsidiary, Hanmi could broaden its customer base and packaging portfolio beyond memory.
Bear case: If SK hynix and others accelerate supplier diversification and hybrid bonding gains traction with stronger rivals, Hanmi could lose significant share in HBM equipment and see prolonged order weakness.
Hanmi Semiconductor is establishing a US subsidiary by year-end and showcasing TC Bonders plus 2.5D packaging tools at Semicon West to reach foundries and broader AI demand. Our models currently see the stock as overvalued despite these moves and HBM4 momentum in its core business. Will the push into new packaging segments outweigh concentration in memory customers, or will order cycles limit the upside?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Semiconductor Equipment & Materials · 235 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hanmi Semicon Fair Value". https://www.fairvalue-calculator.com/stock/042700
Frequently asked questions
Is Hanmi Semicon (042700) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 105,310 KRW versus a price of 161,400 KRW, about 35% lower (overvalued).
What is the fair value of 042700?
Our model-based fair value for Hanmi Semicon is 105,310 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 161,400 KRW.
What is the quality score of 042700?
Hanmi Semicon has a Quality Score of 74/100. 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 price target for Hanmi Semicon (042700)?
Our model-based price target is the fair value of 105,310 KRW (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 55,736 KRW, optimistic scenario 130,259 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hanmi Semicon stock forecast for 2026?
Our models put fair value at 105,310 KRW, about 35% lower versus a price of 161,400 KRW (overvalued). Cautious scenario 55,736 KRW, optimistic scenario 130,259 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hanmi Semicon (042700)?
Hanmi Semicon reported trailing-twelve-month revenue of about 551B KRW (latest available figure, as of Nov 6, 2026).
Does Hanmi Semicon pay a dividend?
Hanmi Semicon currently shows a dividend yield of 0.50% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Hanmi Semicon (042700) and when is the ex-dividend date?
Hanmi Semicon pays a dividend of 800.00 KRW per share a year, a dividend yield of 0.5%. The last ex-dividend date was Mar 5, 2026. A dividend has been paid every year since at least 2005. The payout ratio is 34.2% of earnings. Free cash flow covers the dividend 1.78 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Hanmi Semicon (042700)?
For today's price to be fair in a discounted-cash-flow model, Hanmi Semicon would have to grow free cash flow by +50.9 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.5 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 042700 use?
Our models discount Hanmi Semicon at 12.1 %: a base by market capitalisation (large), damped by beta 2.21, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hanmi Semicon that is +50.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has Hanmi Semicon (042700) delivered so far?
Over the past 5 years revenue at Hanmi Semicon grew +17.5 % a year. The price currently implies free-cash-flow growth of +50.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hanmi Semicon (042700) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Hanmi Semicon (+50.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hanmi Semicon (042700)?
The free-cash-flow yield on the price is 0.88 %: that much free cash flow Hanmi Semicon produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hanmi Semicon (042700)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hanmi Semicon it is 105,310 KRW per share (as of Nov 6, 2026), against a price of 161,400 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hanmi Semicon stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 042700 trades above its calculated fair value: price 161,400 KRW, fair value 105,310 KRW, a gap of about −35% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 042700?
No. The price is what the market pays today (161,400 KRW); the fair value is what the company's own numbers justify (105,310 KRW). For Hanmi Semicon the two are 56,090 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hanmi Semicon worth?
The market values Hanmi Semicon at about 15.3T KRW (market capitalisation, as of Nov 6, 2026). Per share that is 161,400 KRW; our models calculate a fair value of 105,310 KRW per share.
What do the bullish and bearish scenarios say about 042700?
Our models span a range for Hanmi Semicon: cautious scenario 55,736 KRW, base 105,310 KRW, optimistic 130,259 KRW per share (as of Nov 6, 2026, price 161,400 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 042700?
Hanmi Semicon trades at a price-to-earnings ratio of 72.2 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 105,310 KRW is built from several models across several years. Other multiples: PEG 0.9, P/B 22.2, P/S 27.8, EV/EBITDA 61.2.
What is the PEG ratio of 042700?
The PEG ratio of Hanmi Semicon is 0.85 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Hanmi Semicon (042700)?
Balance-sheet figures for Hanmi Semicon (as of Nov 6, 2026): return on equity 33.2%, debt of 0.02 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is 042700 from its 52-week high?
Hanmi Semicon trades at 161,400 KRW, about 61% below its 52-week high of 409,500 KRW and 40% above the low of 115,043 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 105,310 KRW is for.
Which stocks are comparable to Hanmi Semicon?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hanmi Semicon stock attractive at the current price?
The data as of Nov 6, 2026: price 161,400 KRW, calculated fair value 105,310 KRW (−35%), Quality Score 74/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 042700 calculated?
We run Hanmi Semicon through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 105,310 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Hanmi Semicon itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hanmi Semicon (042700)?
The closing price on Nov 6, 2026 was 161,400 KRW. Our model-based fair value is 105,310 KRW, about 35% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hanmi Semicon right now?
The price sits above even our optimistic bull case (130,259 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (74/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (55,736 KRW to 130,259 KRW) leaves room in how you read the outcome.
Key figures of Hanmi Semicon
How large is the market capitalisation of Hanmi Semicon (042700)?
The market capitalisation of Hanmi Semicon is 15.3T KRW (≈ $11.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hanmi Semicon (042700)?
The price-to-sales ratio of Hanmi Semicon is 27.8 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hanmi Semicon (042700)?
Earnings per share at Hanmi Semicon are 2,341 KRW (price ÷ EPS = P/E 72.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hanmi Semicon (042700)?
The dividend yield of Hanmi Semicon is 0.5% (payout 34.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hanmi Semicon (042700)?
The net margin of Hanmi Semicon is 40.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hanmi Semicon (042700)?
The return on equity (ROE) of Hanmi Semicon is 33.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hanmi Semicon (042700)?
On an EBIT basis the return on assets of Hanmi Semicon is 24.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hanmi Semicon (042700)?
The operating margin of Hanmi Semicon is 51.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hanmi Semicon (042700)?
Revenue at Hanmi Semicon is growing +39.5% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hanmi Semicon (042700)?
Earnings per share at Hanmi Semicon are growing +67.4% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch Hanmi Semicon in the live analysis
One click puts Hanmi Semicon on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 6, 2026