Hwacheon Machi (010660) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Hwacheon Machi stock KRW 1,996, price KRW 3,400, that is 41.3% below the price, quality 43 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 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 9, 2026.
How to read this chart
60‑month range 2,167 KRW – 8,831 KRW · fair‑value band 1,397 KRW – 2,595 KRW · the 3,400 KRW price screens above the 1,996 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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Hwacheon Machinery Co., Ltd., together with its subsidiaries, manufactures and sells machine tools, and automobile parts and components in Korea. The company offers lathes, milling machines, drilling machines, shapers, NC machine tools, and special-purpose machines, as well as automotive parts.
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It also provides cylinder blocks, cylinder heads, and crankshafts; robot parts, machine tool parts, railway vehicle parts, semiconductor equipment parts, corrosion resistant parts; stainless pickling electrode plates, electrocorrosion electrodes, ship engine parts, solar power equipment parts, and other industrial machinery parts.
The company markets and sells its products in the United States, Asia, and Europe. Hwacheon Machinery Co., Ltd. was founded in 1945 and is headquartered in Seoul, South Korea.
Stock analysis
Hwacheon Machi (010660) currently trades at 3,400 KRW, while our model-based Fair Value estimate is 1,996 KRW, 41% 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 2,387 KRW per share, and 2 of the 14 models we run sit above the 3,400 KRW price.
Bear case: the Dividend Discount group reads lowest at 437.62 KRW, and 12 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,397 KRW (bear) to 2,595 KRW (bull), the price of 3,400 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 43/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Hwacheon Machi reported revenue of 215B KRW in FY2025 versus 176B KRW in FY2021, a compound +5.1%/yr. Reported net income was 2.8B KRW in FY2025, compounding −15.3%/yr from FY2021.
Key figures
Market cap 74.8B KRW (≈ $55.3M) Micro · P/S ratio 0.36 · EPS (TTM) −162.41 KRW · Dividend yield 0.6% · Net margin −2.0% · Return on equity −2.9% · Return on assets (EBIT) 0.2% (5-year average) · Operating margin −5.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 48% below its 52-week high and 34% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −41%, 010660 screens cheaper than that median.
Fair Value models
Bear1,397 KRWFair Value 1,996 KRWBull2,595 KRW
Price 3,400 KRW · Downside -41.3%
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.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.41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−7.7%
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.
+4.2%
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.
+9.4%
Start year 2020 (pandemic). Over 10 years: −0.8% a year
Revenue growth 12 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.
−1.6%
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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.
−13.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.3%
Dividend (yield on the price)0.6%
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.−4% → 0%
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.Specialty Industrial Machinery · 810 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−41.3% · Below median
Profitability
Return on assets1.6% · Below median
Net margin (12 months)1.3% · Below median
Operating margin (12 months)−5.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−37.0% · Bottom 25%
Dividend yield (12 months)0.6% · Below median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/B0.53× · Cheapest 25%
P/S (12 months)0.43× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 30
PAST (return on equity)0· sector 28
HEALTH (low debt)99· sector 96
DIVIDEND (yield)12· sector 30
VALUE 0: the price sits above our fair-value range.
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). "Hwacheon Machi Fair Value". https://www.fairvalue-calculator.com/stock/010660
Frequently asked questions
Is Hwacheon Machi (010660) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 1,996 KRW versus a price of 3,400 KRW, about 41% lower (overvalued).
What is the fair value of 010660?
Our model-based fair value for Hwacheon Machi is 1,996 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 3,400 KRW.
What is the quality score of 010660?
Hwacheon Machi has a Quality Score of 43/100. 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 Hwacheon Machi (010660)?
Our model-based price target is the fair value of 1,996 KRW (as of Nov 9, 2026) from 14 valuation models. Cautious scenario 1,397 KRW, optimistic scenario 2,595 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hwacheon Machi stock forecast for 2026?
Our models put fair value at 1,996 KRW, about 41% lower versus a price of 3,400 KRW (overvalued). Cautious scenario 1,397 KRW, optimistic scenario 2,595 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hwacheon Machi (010660)?
Hwacheon Machi reported trailing-twelve-month revenue of about 176B KRW (latest available figure, as of Nov 9, 2026).
Does Hwacheon Machi pay a dividend?
Hwacheon Machi currently shows a dividend yield of 0.59% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Hwacheon Machi (010660) and when is the ex-dividend date?
Hwacheon Machi pays a dividend of 20.00 KRW per share a year, a dividend yield of 0.6%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2021. The payout ratio is 15.9% of earnings. Our assessment: Token dividend. At a yield of 0.6% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.6% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Hwacheon Machi (010660)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hwacheon Machi it is 1,996 KRW per share (as of Nov 9, 2026), against a price of 3,400 KRW. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Hwacheon Machi stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 010660 trades above its calculated fair value: price 3,400 KRW, fair value 1,996 KRW, a gap of about −41% (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 010660?
No. The price is what the market pays today (3,400 KRW); the fair value is what the company's own numbers justify (1,996 KRW). For Hwacheon Machi the two are 1,404 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hwacheon Machi worth?
The market values Hwacheon Machi at about 74.8B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 3,400 KRW; our models calculate a fair value of 1,996 KRW per share.
What do the bullish and bearish scenarios say about 010660?
Our models span a range for Hwacheon Machi: cautious scenario 1,397 KRW, base 1,996 KRW, optimistic 2,595 KRW per share (as of Nov 9, 2026, price 3,400 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hwacheon Machi (010660)?
Balance-sheet figures for Hwacheon Machi (as of Nov 9, 2026): return on equity −2.9%, debt of 0.02 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 010660 from its 52-week high?
Hwacheon Machi trades at 3,400 KRW, about 48% below its 52-week high of 6,500 KRW and 34% above the low of 2,530 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 1,996 KRW is for.
Which stocks are comparable to Hwacheon Machi?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin 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 Hwacheon Machi stock attractive at the current price?
The data as of Nov 9, 2026: price 3,400 KRW, calculated fair value 1,996 KRW (−41%), Quality Score 43/100, from 14 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 010660 calculated?
We run Hwacheon Machi through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,996 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. Hwacheon Machi 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 Hwacheon Machi (010660)?
The closing price on Nov 9, 2026 was 3,400 KRW. Our model-based fair value is 1,996 KRW, about 41% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hwacheon Machi right now?
The price sits above even our optimistic bull case (2,595 KRW). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (1,397 KRW to 2,595 KRW) leaves room in how you read the outcome.
Key figures of Hwacheon Machi
How large is the market capitalisation of Hwacheon Machi (010660)?
The market capitalisation of Hwacheon Machi is 74.8B KRW (≈ $55.3M). 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 Hwacheon Machi (010660)?
The price-to-sales ratio of Hwacheon Machi is 0.36 (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 Hwacheon Machi (010660)?
Earnings per share at Hwacheon Machi are −162.41 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hwacheon Machi (010660)?
The dividend yield of Hwacheon Machi is 0.6%. 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 Hwacheon Machi (010660)?
The net margin of Hwacheon Machi is −2.0% (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 Hwacheon Machi (010660)?
The return on equity (ROE) of Hwacheon Machi is −2.9% (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 Hwacheon Machi (010660)?
On an EBIT basis the return on assets of Hwacheon Machi is 0.2% (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 Hwacheon Machi (010660)?
The operating margin of Hwacheon Machi is −5.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hwacheon Machi (010660)?
Revenue at Hwacheon Machi is growing −37.0% versus a year earlier (3y avg +4.2%). 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 Hwacheon Machi (010660)?
Earnings per share at Hwacheon Machi are growing −21.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hwacheon Machi (010660) generate?
The free cash flow of Hwacheon Machi is −21.6B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Nov 9, 2026