Hanwha Investment&Securities Co Ltd Pref (003535) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hanwha Investment&Securities Co Ltd Pref stock KRW 4,217, price KRW 5,200, that is 18.9% below the price, quality 36 out of 100. Rating: overvalued. Calculated from audited financials with 4 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 3,820 KRW – 15,870 KRW · fair‑value band 4,217 KRW – 4,394 KRW · the 5,200 KRW price screens above the 4,217 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Hanwha Investment & Securities Co., Ltd. provides financial and asset management services in South Korea. The company engages in the trading and acquisition of securities. It is also involved in real estate and financial investment, and investment trust businesses.
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The company was formerly known as Prudential Investment & Securities Co., Ltd. and changed its name to Hanwha Investment & Securities Co., Ltd. Hanwha Investment & Securities Co., Ltd. was founded in 1962 and is headquartered in Seoul, South Korea.
Stock analysis
Hanwha Investment&Securities Co Ltd Pref (003535) currently trades at 5,200 KRW, while our model-based Fair Value estimate is 4,217 KRW, 19% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 4,376 KRW per share, and 0 of the 4 models we run sit above the 5,200 KRW price.
Bear case: the Economic Profit group reads lowest at 4,217 KRW, and 4 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: 4,217 KRW (bear) to 4,394 KRW (bull), the price of 5,200 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 36/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hanwha Investment&Securities Co Ltd Pref reported revenue of 482B KRW in FY2025 versus 509B KRW in FY2021, a compound −1.3%/yr. Reported net income was 102B KRW in FY2025, compounding −8.3%/yr from FY2021.
Key figures
Market cap 1.8T KRW (≈ $1.3B) Small · P/S ratio 0.31 · Net margin 1.4% · Return on equity 4.0% · Return on assets (EBIT) 2.8% (5-year average) · Operating margin 17.0% · Revenue growth (YoY) +321% · EPS growth (YoY) −10.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 58% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −11% fair-value upside, at −19%, 003535 screens richer than that median.
Fair Value models
Bear4,217 KRWFair Value 4,217 KRWBull4,394 KRW
Price 5,200 KRW · Downside -18.9%
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.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.30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+66.1%
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.
+15.9%
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.
+5.9%
Start year 2020 (pandemic). Over 10 years: −12.0% a year
Revenue growth 11 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.
−4.0%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−0.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.6%
Dividend (yield on the price)0.0%
2025 sits 315% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 2.1%/yr over ~6Y (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.
Compare Hanwha Investment&Securities Co Ltd Pref with another stock
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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.Capital Markets · 384 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−18.9% · Below median
Profitability
Return on equity (12 months)4.0% · Below median
Return on assets0.6% · Bottom 25%
Net margin (12 months)1.4% · Bottom 25%
Operating margin (12 months)17.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)320.7% · Top 25%
Balance sheet
Debt / equity0.64× · Highest 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/B0.88× · Cheaper than median
P/S (12 months)0.31× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)8· sector 43
FUTURE (revenue growth)100· sector 68
PAST (return on equity)16· sector 38
HEALTH (low debt)–
DIVIDEND (yield)0· sector 47
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
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). "Hanwha Investment&Securities Co Ltd Pref Fair Value". https://www.fairvalue-calculator.com/stock/003535
Frequently asked questions
Is Hanwha Investment&Securities Co Ltd Pref (003535) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 4,217 KRW versus a price of 5,200 KRW, about 19% lower (overvalued).
What is the fair value of 003535?
Our model-based fair value for Hanwha Investment&Securities Co Ltd Pref is 4,217 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 5,200 KRW.
What is the quality score of 003535?
Hanwha Investment&Securities Co Ltd Pref has a Quality Score of 36/100. 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 Hanwha Investment&Securities Co Ltd Pref (003535)?
Our model-based price target is the fair value of 4,217 KRW (as of Nov 5, 2026) from 4 valuation models. Cautious scenario 4,217 KRW, optimistic scenario 4,394 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hanwha Investment&Securities Co Ltd Pref stock forecast for 2026?
Our models put fair value at 4,217 KRW, about 19% lower versus a price of 5,200 KRW (overvalued). Cautious scenario 4,217 KRW, optimistic scenario 4,394 KRW. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Hanwha Investment&Securities Co Ltd Pref (003535)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hanwha Investment&Securities Co Ltd Pref it is 4,217 KRW per share (as of Nov 5, 2026), against a price of 5,200 KRW. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Hanwha Investment&Securities Co Ltd Pref stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 003535 trades above its calculated fair value: price 5,200 KRW, fair value 4,217 KRW, a gap of about −19% (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 003535?
No. The price is what the market pays today (5,200 KRW); the fair value is what the company's own numbers justify (4,217 KRW). For Hanwha Investment&Securities Co Ltd Pref the two are 982.59 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hanwha Investment&Securities Co Ltd Pref worth?
The market values Hanwha Investment&Securities Co Ltd Pref at about 1.8T KRW (market capitalisation, as of Nov 5, 2026). Per share that is 5,200 KRW; our models calculate a fair value of 4,217 KRW per share.
What do the bullish and bearish scenarios say about 003535?
Our models span a range for Hanwha Investment&Securities Co Ltd Pref: cautious scenario 4,217 KRW, base 4,217 KRW, optimistic 4,394 KRW per share (as of Nov 5, 2026, price 5,200 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hanwha Investment&Securities Co Ltd Pref (003535)?
Balance-sheet figures for Hanwha Investment&Securities Co Ltd Pref (as of Nov 5, 2026): return on equity 4.0%, debt of 0.64 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 003535 from its 52-week high?
Hanwha Investment&Securities Co Ltd Pref trades at 5,200 KRW, about 58% below its 52-week high of 12,300 KRW and 8% above the low of 4,815 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 4,217 KRW is for.
Which stocks are comparable to Hanwha Investment&Securities Co Ltd Pref?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Hanwha Investment&Securities Co Ltd Pref stock attractive at the current price?
The data as of Nov 5, 2026: price 5,200 KRW, calculated fair value 4,217 KRW (−19%), Quality Score 36/100, from 4 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 003535 calculated?
We run Hanwha Investment&Securities Co Ltd Pref through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 4,217 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. Hanwha Investment&Securities Co Ltd Pref 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 Hanwha Investment&Securities Co Ltd Pref (003535)?
The closing price on Nov 6, 2026 was 5,200 KRW. Our model-based fair value is 4,217 KRW, about 19% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hanwha Investment&Securities Co Ltd Pref right now?
The price sits above even our optimistic bull case (4,394 KRW). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The models converge in a tight band (4,217 KRW to 4,394 KRW), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Hanwha Investment&Securities Co Ltd Pref
How large is the market capitalisation of Hanwha Investment&Securities Co Ltd Pref (003535)?
The market capitalisation of Hanwha Investment&Securities Co Ltd Pref is 1.8T KRW (≈ $1.3B). 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 Hanwha Investment&Securities Co Ltd Pref (003535)?
The price-to-sales ratio of Hanwha Investment&Securities Co Ltd Pref is 0.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Hanwha Investment&Securities Co Ltd Pref (003535)?
The net margin of Hanwha Investment&Securities Co Ltd Pref is 1.4% (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 Hanwha Investment&Securities Co Ltd Pref (003535)?
The return on equity (ROE) of Hanwha Investment&Securities Co Ltd Pref is 4.0% (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 Hanwha Investment&Securities Co Ltd Pref (003535)?
On an EBIT basis the return on assets of Hanwha Investment&Securities Co Ltd Pref is 2.8% (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 Hanwha Investment&Securities Co Ltd Pref (003535)?
The operating margin of Hanwha Investment&Securities Co Ltd Pref is 17.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hanwha Investment&Securities Co Ltd Pref (003535)?
Revenue at Hanwha Investment&Securities Co Ltd Pref is growing +321% versus a year earlier (3y avg +15.9%). 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 Hanwha Investment&Securities Co Ltd Pref (003535)?
Earnings per share at Hanwha Investment&Securities Co Ltd Pref are growing −10.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hanwha Investment&Securities Co Ltd Pref (003535) generate?
The free cash flow of Hanwha Investment&Securities Co Ltd Pref is −745B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hanwha Investment&Securities Co Ltd Pref (003535) carry?
The net debt of Hanwha Investment&Securities Co Ltd Pref is 2.7T KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 5, 2026