Hyundai Bngste (004560) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hyundai Bngste stock KRW 16,713, price KRW 9,920, upside +68.5%, quality 62 out of 100. Rating: strongly 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 8, 2026.
How to read this chart
60‑month range 9,811 KRW – 22,258 KRW · fair‑value band 12,535 KRW – 20,892 KRW · the 9,920 KRW price screens below the 16,713 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Hyundai Bng Steel Co., Ltd. manufactures and sells stainless steel products and automobile parts in South Korea. The company offers stainless cold rolled steel sheets, cold extrusion, and cold drawing products.
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The company was formerly known as BNG Steel Co., Ltd. and changed its name to Hyundai Bng Steel Co., Ltd. in March 2011. Hyundai Bng Steel Co., Ltd. was founded in 1966 and is headquartered in Changwon-si, South Korea.
Stock analysis
Hyundai Bngste (004560) currently trades at 9,920 KRW, while our model-based Fair Value estimate is 16,713 KRW, implying the stock looks roughly 41% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 27,132 KRW per share, and 19 of the 24 models we run sit above the 9,920 KRW price.
Bear case: the Earnings-Based group reads lowest at 7,784 KRW, and 5 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 12,535 KRW (bear) to 20,892 KRW (bull), the price of 9,920 KRW sits below 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 62/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Hyundai Bngste reported revenue of 741B KRW in FY2025 versus 856B KRW in FY2021, a compound −3.5%/yr. Reported net income was 14.8B KRW in FY2025, compounding −32.1%/yr from FY2021.
Key figures
Market cap 150B KRW (≈ $111M) Micro · P/E ratio 7.6 · P/S ratio 0.20 · EPS (TTM) 1,276 KRW · Dividend yield 2.5% · Net margin 2.5% · Return on equity 3.7% · Return on assets (EBIT) 3.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (medium confidence).
What moves the price
The share trades about 55% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at 68%, 004560 screens cheaper than that median.
Fair Value models
Bear12,535 KRWFair Value 16,713 KRWBull20,892 KRW
Price 9,920 KRW · Upside +68.5%
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 (880.04 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−6.8%
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.
−16.7%
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.
+1.7%
Start year 2020 (pandemic). Over 10 years: +0.7% a year
Revenue growth 14 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.
−0.8%
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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. Basis: EBIT basis. 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.
−4.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.6%
Dividend (yield on the price)2.5%
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.−8.9% vs −3.7%, slowing
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.5% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
−15.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −17.4% a year for the price.
Price, fair value, quality and upside side by side.
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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.Steel · 410 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+68.5% · Top 25%
Profitability
Return on equity (12 months)3.7% · Below median
Return on assets2.1% · Below median
Net margin (12 months)2.5% · Below median
Operating margin (12 months)4.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)7.6% · Above median
Dividend yield (12 months)2.5% · Below median
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Steel median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Hyundai Bngste Fair Value". https://www.fairvalue-calculator.com/stock/004560
Frequently asked questions
Is Hyundai Bngste (004560) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 16,713 KRW versus a price of 9,920 KRW, about +68% upside (undervalued).
What is the fair value of 004560?
Our model-based fair value for Hyundai Bngste is 16,713 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 9,920 KRW.
What is the quality score of 004560?
Hyundai Bngste has a Quality Score of 62/100. 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 Hyundai Bngste (004560)?
Our model-based price target is the fair value of 16,713 KRW (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 12,535 KRW, optimistic scenario 20,892 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hyundai Bngste stock forecast for 2026?
Our models put fair value at 16,713 KRW, about +68% upside versus a price of 9,920 KRW (undervalued). Cautious scenario 12,535 KRW, optimistic scenario 20,892 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hyundai Bngste (004560)?
Hyundai Bngste reported trailing-twelve-month revenue of about 768B KRW (latest available figure, as of Nov 8, 2026).
Does Hyundai Bngste pay a dividend?
Hyundai Bngste currently shows a dividend yield of 2.52% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Hyundai Bngste (004560) and when is the ex-dividend date?
Hyundai Bngste pays a dividend of 250.00 KRW per share a year, a dividend yield of 2.5%. The last ex-dividend date was Mar 30, 2026. The payout ratio is 19.6% of earnings. Free cash flow covers the dividend 14.12 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 Hyundai Bngste (004560)?
For today's price to be fair in a discounted-cash-flow model, Hyundai Bngste would have to grow free cash flow by -15.7 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 004560 use?
Our models discount Hyundai Bngste at 13.5 %: a base by market capitalisation (micro), damped by beta 1.11, 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 Hyundai Bngste that is -15.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Hyundai Bngste (004560) delivered so far?
Over the past 5 years revenue at Hyundai Bngste grew +1.7 % a year. The price currently implies free-cash-flow growth of -15.7 % 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 Hyundai Bngste (004560) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Hyundai Bngste (-15.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hyundai Bngste (004560)?
The free-cash-flow yield on the price is 35.60 %: that much free cash flow Hyundai Bngste produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hyundai Bngste (004560)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hyundai Bngste it is 16,713 KRW per share (as of Nov 8, 2026), against a price of 9,920 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 Hyundai Bngste stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 004560 trades below its calculated fair value: price 9,920 KRW, fair value 16,713 KRW, a gap of about +68% (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 004560?
No. The price is what the market pays today (9,920 KRW); the fair value is what the company's own numbers justify (16,713 KRW). For Hyundai Bngste the two are 6,793 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hyundai Bngste worth?
The market values Hyundai Bngste at about 150B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 9,920 KRW; our models calculate a fair value of 16,713 KRW per share.
What do the bullish and bearish scenarios say about 004560?
Our models span a range for Hyundai Bngste: cautious scenario 12,535 KRW, base 16,713 KRW, optimistic 20,892 KRW per share (as of Nov 8, 2026, price 9,920 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 004560?
Hyundai Bngste trades at a price-to-earnings ratio of 7.6 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 16,713 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 6.8. Other multiples: P/B 0.3, P/S 0.2, EV/EBITDA 3.7.
How solid is the balance sheet of Hyundai Bngste (004560)?
Balance-sheet figures for Hyundai Bngste (as of Nov 8, 2026): return on equity 3.7%, debt of 0.18 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 004560 from its 52-week high?
Hyundai Bngste trades at 9,920 KRW, about 55% below its 52-week high of 21,898 KRW and at the low of 9,920 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 16,713 KRW is for.
Which stocks are comparable to Hyundai Bngste?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 Hyundai Bngste stock attractive at the current price?
The data as of Nov 8, 2026: price 9,920 KRW, calculated fair value 16,713 KRW (+68%), Quality Score 62/100, 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 004560 calculated?
We run Hyundai Bngste 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 16,713 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. Hyundai Bngste currently trades 41% 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 Hyundai Bngste (004560)?
The closing price on Nov 6, 2026 was 9,920 KRW. Our model-based fair value is 16,713 KRW, about +68% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hyundai Bngste right now?
The price is below even our cautious bear case (12,535 KRW). The market is more pessimistic than our downside scenario. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Hyundai Bngste
How large is the market capitalisation of Hyundai Bngste (004560)?
The market capitalisation of Hyundai Bngste is 150B KRW (≈ $111M). 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 Hyundai Bngste (004560)?
The price-to-sales ratio of Hyundai Bngste is 0.20 (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 Hyundai Bngste (004560)?
Earnings per share at Hyundai Bngste are 1,276 KRW (price ÷ EPS = P/E 7.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hyundai Bngste (004560)?
The dividend yield of Hyundai Bngste is 2.5% (payout 19.6%). 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 Hyundai Bngste (004560)?
The net margin of Hyundai Bngste is 2.5% (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 Hyundai Bngste (004560)?
The return on equity (ROE) of Hyundai Bngste is 3.7% (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 Hyundai Bngste (004560)?
On an EBIT basis the return on assets of Hyundai Bngste is 3.8% (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 Hyundai Bngste (004560)?
The operating margin of Hyundai Bngste is 4.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hyundai Bngste (004560)?
Revenue at Hyundai Bngste is growing +7.6% versus a year earlier (3y avg −16.7%). 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 Hyundai Bngste (004560)?
Earnings per share at Hyundai Bngste are growing +102% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hyundai Bngste (004560) carry?
The net debt of Hyundai Bngste is 46.4B KRW (fiscal year 2025, ≈ 0.9 yrs of FCF). 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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Broad data
Nov 8, 2026