Heungkuk Metaltech Co.Ltd (010240) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Heungkuk Metaltech Co.Ltd stock KRW 14,520, price KRW 4,840, upside +200.0%, quality 71 out of 100. Rating: strongly undervalued. 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 9, 2026.
How to read this chart
60‑month range 3,989 KRW – 10,797 KRW · fair‑value band 10,396 KRW – 18,876 KRW · the 4,840 KRW price screens below the 14,520 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Heungkuk Metaltech Co.,Ltd. manufactures and sells forging parts for use in automobiles, heavy equipment, and industrial and construction machinery in South Korea and internationally.
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The company offers forging parts, including cover, M-base, body, side cutter, flange, and rod and cover end parts; upper and lower roller flanges; and ring gear, sun gear, gear shaft, spider, crank shaft, CON-ROD, knuckle, hook, and yoke products.
It also provides construction machinery parts, such as roller assemblies, idler assemblies, sprockets, and floating seals; and production equipment comprising roller assembly, idler assembly, forging part, and floating seal equipment.
The company was founded in 1974 and is headquartered in Asan, South Korea.
Stock analysis
Heungkuk Metaltech Co.Ltd (010240) currently trades at 4,840 KRW, while our model-based Fair Value estimate is 14,520 KRW, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 18,145 KRW per share, and 24 of the 26 models we run sit above the 4,840 KRW price.
Bear case: the Dividend Discount group reads lowest at 2,441 KRW, and 2 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 10,396 KRW (bear) to 18,876 KRW (bull), the price of 4,840 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 71/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Heungkuk Metaltech Co.Ltd reported revenue of 137B KRW in FY2025 versus 142B KRW in FY2021, a compound −0.9%/yr. Reported net income was 12.2B KRW in FY2025, compounding +0.7%/yr from FY2021.
Key figures
Market cap 53.7B KRW (≈ $39.7M) Micro · P/S ratio 0.42 · Dividend yield 4.2% · Net margin 8.2% · Return on equity 975% · Return on assets (EBIT) 10.4% (5-year average) · Operating margin 7.7% · Revenue (TTM) 132B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −32% fair-value upside, at 200%, 010240 screens cheaper than that median.
Fair Value models
Bear10,396 KRWFair Value 14,520 KRWBull18,876 KRW
Price 4,840 KRW · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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.69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.5%
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.
+2.8%
Start year 2020 (pandemic). Over 10 years: +7.9% a year
Revenue growth 15 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.
+4.2%
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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. 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.
+5.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.5%
Dividend (yield on the price)4.2%
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.1.5% vs 14.1%, 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.13% → 11%
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).
−35.5%
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 −36.8% a year for the price.
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Is Heungkuk Metaltech Co.Ltd (010240) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 14,520 KRW versus a price of 4,840 KRW, about +200% upside (undervalued).
What is the fair value of 010240?
Our model-based fair value for Heungkuk Metaltech Co.Ltd is 14,520 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 4,840 KRW.
What is the quality score of 010240?
Heungkuk Metaltech Co.Ltd has a Quality Score of 71/100. 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 Heungkuk Metaltech Co.Ltd (010240)?
Our model-based price target is the fair value of 14,520 KRW (as of Nov 9, 2026) from 26 valuation models. Cautious scenario 10,396 KRW, optimistic scenario 18,876 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Heungkuk Metaltech Co.Ltd stock forecast for 2026?
Our models put fair value at 14,520 KRW, about +200% upside versus a price of 4,840 KRW (undervalued). Cautious scenario 10,396 KRW, optimistic scenario 18,876 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Heungkuk Metaltech Co.Ltd (010240)?
Heungkuk Metaltech Co.Ltd reported trailing-twelve-month revenue of about 132B KRW (latest available figure, as of Nov 9, 2026).
Does Heungkuk Metaltech Co.Ltd pay a dividend?
Heungkuk Metaltech Co.Ltd currently shows a dividend yield of 4.22% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Heungkuk Metaltech Co.Ltd (010240)?
Heungkuk Metaltech Co.Ltd has a dividend yield of 4.2%. A dividend has been paid every year since at least 2009. Our assessment: Safety not assessed. Payout ratio and cash coverage are not available, so we do not judge how safe this dividend is.
What growth is priced into Heungkuk Metaltech Co.Ltd (010240)?
For today's price to be fair in a discounted-cash-flow model, Heungkuk Metaltech Co.Ltd would have to grow free cash flow by -35.5 % per year for five years (discount rate 11.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.8 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 010240 use?
Our models discount Heungkuk Metaltech Co.Ltd at 11.3 %: a base by market capitalisation (nano), damped by beta 1.46, 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 Heungkuk Metaltech Co.Ltd that is -35.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.3 %) and the same formula as our fair value.
How much growth has Heungkuk Metaltech Co.Ltd (010240) delivered so far?
Over the past 5 years revenue at Heungkuk Metaltech Co.Ltd grew +2.8 % a year. The price currently implies free-cash-flow growth of -35.5 % 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 Heungkuk Metaltech Co.Ltd (010240) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Heungkuk Metaltech Co.Ltd (-35.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Heungkuk Metaltech Co.Ltd (010240)?
The free-cash-flow yield on the price is 26.72 %: that much free cash flow Heungkuk Metaltech Co.Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Heungkuk Metaltech Co.Ltd (010240)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Heungkuk Metaltech Co.Ltd it is 14,520 KRW per share (as of Nov 9, 2026), against a price of 4,840 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 Heungkuk Metaltech Co.Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 010240 trades below its calculated fair value: price 4,840 KRW, fair value 14,520 KRW, a gap of about +200% (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 010240?
No. The price is what the market pays today (4,840 KRW); the fair value is what the company's own numbers justify (14,520 KRW). For Heungkuk Metaltech Co.Ltd the two are 9,680 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Heungkuk Metaltech Co.Ltd worth?
The market values Heungkuk Metaltech Co.Ltd at about 53.7B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 4,840 KRW; our models calculate a fair value of 14,520 KRW per share.
What do the bullish and bearish scenarios say about 010240?
Our models span a range for Heungkuk Metaltech Co.Ltd: cautious scenario 10,396 KRW, base 14,520 KRW, optimistic 18,876 KRW per share (as of Nov 9, 2026, price 4,840 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Heungkuk Metaltech Co.Ltd (010240)?
Balance-sheet figures for Heungkuk Metaltech Co.Ltd (as of Nov 9, 2026): debt of 0.01 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is 010240 from its 52-week high?
Heungkuk Metaltech Co.Ltd trades at 4,840 KRW, about 19% below its 52-week high of 5,960 KRW and 5% above the low of 4,599 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 14,520 KRW is for.
Which stocks are comparable to Heungkuk Metaltech Co.Ltd?
From the same area (Industrials) we also value Sungho Electronics Corp, SPG Co, BHI Co, VITZROCELL 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 Heungkuk Metaltech Co.Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 4,840 KRW, calculated fair value 14,520 KRW (+200%), Quality Score 71/100, 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 010240 calculated?
We run Heungkuk Metaltech Co.Ltd 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 14,520 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. Heungkuk Metaltech Co.Ltd currently trades 67% 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 Heungkuk Metaltech Co.Ltd (010240)?
The closing price on Nov 6, 2026 was 4,840 KRW. Our model-based fair value is 14,520 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Heungkuk Metaltech Co.Ltd right now?
The price is below even our cautious bear case (10,396 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (71/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (10,396 KRW to 18,876 KRW) leaves room in how you read the outcome.
Key figures of Heungkuk Metaltech Co.Ltd
How large is the market capitalisation of Heungkuk Metaltech Co.Ltd (010240)?
The market capitalisation of Heungkuk Metaltech Co.Ltd is 53.7B KRW (≈ $39.7M). 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 Heungkuk Metaltech Co.Ltd (010240)?
The price-to-sales ratio of Heungkuk Metaltech Co.Ltd is 0.42 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Heungkuk Metaltech Co.Ltd (010240)?
The dividend yield of Heungkuk Metaltech Co.Ltd is 4.2%. 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 Heungkuk Metaltech Co.Ltd (010240)?
The net margin of Heungkuk Metaltech Co.Ltd is 8.2% (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 Heungkuk Metaltech Co.Ltd (010240)?
The return on equity (ROE) of Heungkuk Metaltech Co.Ltd is 975% (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 Heungkuk Metaltech Co.Ltd (010240)?
On an EBIT basis the return on assets of Heungkuk Metaltech Co.Ltd is 10.4% (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 Heungkuk Metaltech Co.Ltd (010240)?
The operating margin of Heungkuk Metaltech Co.Ltd is 7.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Heungkuk Metaltech Co.Ltd (010240)?
Revenue at Heungkuk Metaltech Co.Ltd is growing +10.6% 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 Heungkuk Metaltech Co.Ltd (010240)?
Earnings per share at Heungkuk Metaltech Co.Ltd are growing +56.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Heungkuk Metaltech Co.Ltd (010240) carry?
The net debt of Heungkuk Metaltech Co.Ltd is 206M KRW (fiscal year 2021, ≈ 0.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 9, 2026