Heung-A Shipping Co. Ltd. (003280) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Heung-A Shipping Co. Ltd. stock KRW 1,970, price KRW 1,560, upside +26.3%, quality 52 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 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 5, 2026.
How to read this chart
60‑month range 852.00 KRW – 5,750 KRW · fair‑value band 1,413 KRW – 2,526 KRW · the 1,560 KRW price screens below the 1,970 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 5, 2026.
Follow Heung-A Shipping Co. in your weekly email
Every Wednesday you see whether Heung-A Shipping Co. 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.
Heung-A Shipping Co.,Ltd. operates as a marine shipping agency in Korea and internationally. The company also provides container liner and chemical tanker services. It operates through a fleet of chemical tanker ships. The company was founded in 1961 and is headquartered in Seoul, South Korea.
Stock analysis
Heung-A Shipping Co. Ltd. (003280) currently trades at 1,560 KRW, while our model-based Fair Value estimate is 1,970 KRW, implying the stock looks roughly 21% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 2,022 KRW per share, and 11 of the 24 models we run sit above the 1,560 KRW price.
Bear case: the Asset-Based group reads lowest at 708.24 KRW, and 13 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 1,413 KRW (bear) to 2,526 KRW (bull), the price of 1,560 KRW sits inside 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 52/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Heung-A Shipping Co. Ltd. reported revenue of 181B KRW in FY2025 versus 81.7B KRW in FY2021, a compound +22.0%/yr. Reported net income was 30.6B KRW in FY2025, compounding +16.8%/yr from FY2021.
Key figures
Market cap 375B KRW (≈ $277M) Micro · P/E ratio 15.9 · P/S ratio 2.13 · EPS (TTM) 97.75 KRW · Dividend yield 0.2% · Net margin 13.3% · Return on equity 9.2% · Return on assets (EBIT) 4.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 65% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at 26%, 003280 screens cheaper than that median.
Fair Value models
Bear1,413 KRWFair Value 1,970 KRWBull2,526 KRW
Price 1,560 KRW · Upside +26.3%
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 (83.82 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.89/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.2%
Start year 2020 (pandemic). Over 10 years: −14.3% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−3.3%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+13.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.2%
Dividend (yield on the price)0.2%
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.−7% → 6%
⚠ Revenue per share shrinking 32.9%/yr over ~7Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+3.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +1.2% a year for the price.
Compare Heung-A Shipping Co. Ltd. with another stock
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.Marine Shipping · 220 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+26.3% · Above median
Profitability
Return on equity (12 months)9.2% · Above median
Return on assets6.8% · Above median
Net margin (12 months)13.3% · Above median
Operating margin (12 months)6.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)2.6% · Below median
Dividend yield (12 months)0.2% · Bottom 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/E (12 months)15.9× · Pricier than median
P/B1.47× · Pricier than median
P/S (12 months)2.13× · Pricier than median
Price / free cash flow (fiscal year)12.2× · Pricier than median
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.
Is Heung-A Shipping Co. Ltd. (003280) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 1,970 KRW versus a price of 1,560 KRW, about +26% upside (undervalued).
What is the fair value of 003280?
Our model-based fair value for Heung-A Shipping Co. Ltd. is 1,970 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 1,560 KRW.
What is the quality score of 003280?
Heung-A Shipping Co. Ltd. has a Quality Score of 52/100. 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 Heung-A Shipping Co. Ltd. (003280)?
Our model-based price target is the fair value of 1,970 KRW (as of Nov 5, 2026) from 24 valuation models. Cautious scenario 1,413 KRW, optimistic scenario 2,526 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Heung-A Shipping Co. Ltd. stock forecast for 2026?
Our models put fair value at 1,970 KRW, about +26% upside versus a price of 1,560 KRW (undervalued). Cautious scenario 1,413 KRW, optimistic scenario 2,526 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Heung-A Shipping Co. Ltd. (003280)?
Heung-A Shipping Co. Ltd. reported trailing-twelve-month revenue of about 176B KRW (latest available figure, as of Nov 5, 2026).
Does Heung-A Shipping Co. Ltd. pay a dividend?
Heung-A Shipping Co. Ltd. currently shows a dividend yield of 0.20% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Heung-A Shipping Co. Ltd. (003280)?
Heung-A Shipping Co. Ltd. has a dividend yield of 0.2%.
What growth is priced into Heung-A Shipping Co. Ltd. (003280)?
For today's price to be fair in a discounted-cash-flow model, Heung-A Shipping Co. Ltd. would have to grow free cash flow by +3.3 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.3 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 003280 use?
Our models discount Heung-A Shipping Co. Ltd. at 13.1 %: a base by market capitalisation (micro), 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 Heung-A Shipping Co. Ltd. that is +3.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Heung-A Shipping Co. Ltd. (003280) delivered so far?
Over the past 5 years revenue at Heung-A Shipping Co. Ltd. grew +15.3 % a year. The price currently implies free-cash-flow growth of +3.3 % 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 Heung-A Shipping Co. Ltd. (003280) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Heung-A Shipping Co. Ltd. (+3.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Heung-A Shipping Co. Ltd. (003280)?
The free-cash-flow yield on the price is 8.22 %: that much free cash flow Heung-A Shipping Co. Ltd. produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Heung-A Shipping Co. Ltd. (003280)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Heung-A Shipping Co. Ltd. it is 1,970 KRW per share (as of Nov 5, 2026), against a price of 1,560 KRW. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Heung-A Shipping Co. Ltd. stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 003280 trades below its calculated fair value: price 1,560 KRW, fair value 1,970 KRW, a gap of about +26% (undervalued). 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 003280?
No. The price is what the market pays today (1,560 KRW); the fair value is what the company's own numbers justify (1,970 KRW). For Heung-A Shipping Co. Ltd. the two are 409.54 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Heung-A Shipping Co. Ltd. worth?
The market values Heung-A Shipping Co. Ltd. at about 375B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 1,560 KRW; our models calculate a fair value of 1,970 KRW per share.
What do the bullish and bearish scenarios say about 003280?
Our models span a range for Heung-A Shipping Co. Ltd.: cautious scenario 1,413 KRW, base 1,970 KRW, optimistic 2,526 KRW per share (as of Nov 5, 2026, price 1,560 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 003280?
Heung-A Shipping Co. Ltd. trades at a price-to-earnings ratio of 15.9 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,970 KRW is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 14.4. Other multiples: P/B 1.5, P/S 2.1, EV/EBITDA 8.4.
How solid is the balance sheet of Heung-A Shipping Co. Ltd. (003280)?
Balance-sheet figures for Heung-A Shipping Co. Ltd. (as of Nov 5, 2026): return on equity 9.2%, debt of 0.01 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 003280 from its 52-week high?
Heung-A Shipping Co. Ltd. trades at 1,560 KRW, about 65% below its 52-week high of 4,470 KRW and at the low of 1,560 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,970 KRW is for.
Which stocks are comparable to Heung-A Shipping Co. Ltd.?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 Heung-A Shipping Co. Ltd. stock attractive at the current price?
The data as of Nov 5, 2026: price 1,560 KRW, calculated fair value 1,970 KRW (+26%), Quality Score 52/100, from 24 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 003280 calculated?
We run Heung-A Shipping Co. Ltd. through 24 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 1,970 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 13.3% above its aggregate fair value. Heung-A Shipping Co. Ltd. currently trades 21% below its own fair value, and the market average says nothing about that. 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 Heung-A Shipping Co. Ltd. (003280)?
The closing price on Nov 6, 2026 was 1,560 KRW. Our model-based fair value is 1,970 KRW, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Heung-A Shipping Co. Ltd. right now?
Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Heung-A Shipping Co. Ltd.
How large is the market capitalisation of Heung-A Shipping Co. Ltd. (003280)?
The market capitalisation of Heung-A Shipping Co. Ltd. is 375B KRW (≈ $277M). 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 Heung-A Shipping Co. Ltd. (003280)?
The price-to-sales ratio of Heung-A Shipping Co. Ltd. is 2.13 (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 Heung-A Shipping Co. Ltd. (003280)?
Earnings per share at Heung-A Shipping Co. Ltd. are 97.75 KRW (price ÷ EPS = P/E 15.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Heung-A Shipping Co. Ltd. (003280)?
The dividend yield of Heung-A Shipping Co. Ltd. is 0.2% (payout 3.2%). 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 Heung-A Shipping Co. Ltd. (003280)?
The net margin of Heung-A Shipping Co. Ltd. is 13.3% (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 Heung-A Shipping Co. Ltd. (003280)?
The return on equity (ROE) of Heung-A Shipping Co. Ltd. is 9.2% (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 Heung-A Shipping Co. Ltd. (003280)?
On an EBIT basis the return on assets of Heung-A Shipping Co. Ltd. is 4.8% (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 Heung-A Shipping Co. Ltd. (003280)?
The operating margin of Heung-A Shipping Co. Ltd. is 6.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Heung-A Shipping Co. Ltd. (003280)?
Revenue at Heung-A Shipping Co. Ltd. is growing +2.6% versus a year earlier (3y avg +0.6%). 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 Heung-A Shipping Co. Ltd. (003280)?
Earnings per share at Heung-A Shipping Co. Ltd. are growing −68.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Heung-A Shipping Co. Ltd. (003280) carry?
The net debt of Heung-A Shipping Co. Ltd. is 61.5B KRW (fiscal year 2020, ≈ 2.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Heung-A Shipping Co. Ltd. in the live analysis
One click puts Heung-A Shipping Co. Ltd. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 5, 2026