Han Kook Capital Co. Ltd (023760) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Han Kook Capital Co. Ltd stock KRW 2,694, price KRW 1,330, upside +102.6%, quality 37 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 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 4, 2026.
How to read this chart
60‑month range 894.56 KRW – 2,352 KRW · fair‑value band 2,396 KRW – 3,534 KRW · the 1,330 KRW price screens below the 2,694 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Han Kook Capital. Co., Ltd, together with its subsidiary, operates as a credit specialty company in South Korea. It primarily provides lease, venture capital, credits, factoring, and corporate restructuring services.
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The company was formerly known as Chungbu Leasing & Finance Co., Ltd. and changed its name to Han Kook Capital. Co., Ltd in October 2001. Han Kook Capital. Co., Ltd was founded in 1989 and is based in Seoul, South Korea.
Stock analysis
Han Kook Capital Co. Ltd (023760) currently trades at 1,330 KRW, while our model-based Fair Value estimate is 2,694 KRW, implying the stock looks roughly 51% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 7,170 KRW per share, and 5 of the 6 models we run sit above the 1,330 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,362 KRW, and 1 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 2,396 KRW (bear) to 3,534 KRW (bull), the price of 1,330 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 37/100 (below-average quality), in the Financials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Han Kook Capital Co. Ltd reported revenue of 183B KRW in FY2025 versus 165B KRW in FY2021, a compound +2.7%/yr. Reported net income was 101B KRW in FY2025, compounding +17.3%/yr from FY2021.
Key figures
Market cap 416B KRW (≈ $305M) Micro · P/S ratio 23.1 · Dividend yield 3.8% · Net margin 54.9% · Return on equity 1,082% · Return on assets (EBIT) 2.1% (5-year average) · Operating margin −1.2% · Revenue growth (YoY) +20.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financials peers we cover trades at −23% fair-value upside, at 103%, 023760 screens cheaper than that median.
Fair Value models
Bear2,396 KRWFair Value 2,694 KRWBull3,534 KRW
Price 1,330 KRW · Upside +102.6%
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.40/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−31.9%
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.
−1.0%
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.
+6.6%
Start year 2020 (pandemic). Over 10 years: +12.6% a year
Revenue growth 26 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.
−1.9%
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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.
≈ +25.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.3%
Dividend (yield on the price)3.8%
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.25.6% vs 19.1%, picking up
Profit margin 2019 to 2024 ⓘ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.23% → 36%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 52% above its own trend.
Compare Han Kook Capital Co. Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Banking Services” was too small, so the broader sector is used.)Financials · 2821 stocks
Beats the sector median on 6/10 measures
Overall it ranks above its sector peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside+102.6% · Top 25%
Profitability
Return on assets2.0% · Above median
Net margin (12 months)54.9% · Top 25%
Operating margin (12 months)−1.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)20.4% · Above median
Dividend yield (12 months)3.8% · Above median
Balance sheet
Debt / equity4.72× · Highest 25%
Valuation Multiplesvs Financials median · lower = cheaper
P/B0.28× · Cheapest 25%
P/S (12 months)22.89× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 22
FUTURE (revenue growth)100· sector 46
PAST (return on equity)0· sector 42
HEALTH (low debt)–
DIVIDEND (yield)75· sector 57
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). "Han Kook Capital Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/023760
Frequently asked questions
Is Han Kook Capital Co. Ltd (023760) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 2,694 KRW versus a price of 1,330 KRW, about +103% upside (undervalued).
What is the fair value of 023760?
Our model-based fair value for Han Kook Capital Co. Ltd is 2,694 KRW (as of Nov 4, 2026), built from audited fundamentals. The current price: 1,330 KRW.
What is the quality score of 023760?
Han Kook Capital Co. Ltd has a Quality Score of 37/100. 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 Han Kook Capital Co. Ltd (023760)?
Our model-based price target is the fair value of 2,694 KRW (as of Nov 4, 2026) from 6 valuation models. Cautious scenario 2,396 KRW, optimistic scenario 3,534 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Han Kook Capital Co. Ltd stock forecast for 2026?
Our models put fair value at 2,694 KRW, about +103% upside versus a price of 1,330 KRW (undervalued). Cautious scenario 2,396 KRW, optimistic scenario 3,534 KRW. The calculation is refreshed regularly with new filings.
Does Han Kook Capital Co. Ltd pay a dividend?
Han Kook Capital Co. Ltd currently shows a dividend yield of 3.75% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Han Kook Capital Co. Ltd (023760)?
Han Kook Capital Co. Ltd has a dividend yield of 3.8%. A dividend has been paid every year since 2012. Our assessment: Safety not assessed. Payout ratio and cash coverage are not available, so we do not judge how safe this dividend is.
What is the intrinsic value of Han Kook Capital Co. Ltd (023760)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Han Kook Capital Co. Ltd it is 2,694 KRW per share (as of Nov 4, 2026), against a price of 1,330 KRW. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Han Kook Capital Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 023760 trades below its calculated fair value: price 1,330 KRW, fair value 2,694 KRW, a gap of about +103% (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 023760?
No. The price is what the market pays today (1,330 KRW); the fair value is what the company's own numbers justify (2,694 KRW). For Han Kook Capital Co. Ltd the two are 1,364 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Han Kook Capital Co. Ltd worth?
The market values Han Kook Capital Co. Ltd at about 416B KRW (market capitalisation, as of Nov 4, 2026). Per share that is 1,330 KRW; our models calculate a fair value of 2,694 KRW per share.
What do the bullish and bearish scenarios say about 023760?
Our models span a range for Han Kook Capital Co. Ltd: cautious scenario 2,396 KRW, base 2,694 KRW, optimistic 3,534 KRW per share (as of Nov 4, 2026, price 1,330 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Han Kook Capital Co. Ltd (023760)?
Balance-sheet figures for Han Kook Capital Co. Ltd (as of Nov 4, 2026): debt of 4.72 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 023760 from its 52-week high?
Han Kook Capital Co. Ltd trades at 1,330 KRW, about 43% below its 52-week high of 2,352 KRW and 1% above the low of 1,322 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2,694 KRW is for.
Which stocks are comparable to Han Kook Capital Co. Ltd?
From the same area (Financials) we also value LTG, KIFS, ACME, 539016, 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 Han Kook Capital Co. Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price 1,330 KRW, calculated fair value 2,694 KRW (+103%), Quality Score 37/100, from 6 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 023760 calculated?
We run Han Kook Capital Co. Ltd through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 2,694 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 13.0% above its aggregate fair value. Han Kook Capital Co. Ltd currently trades 51% 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 Han Kook Capital Co. Ltd (023760)?
The closing price on Nov 6, 2026 was 1,330 KRW. Our model-based fair value is 2,694 KRW, about +103% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Han Kook Capital Co. Ltd right now?
The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (2,396 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. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Han Kook Capital Co. Ltd
How large is the market capitalisation of Han Kook Capital Co. Ltd (023760)?
The market capitalisation of Han Kook Capital Co. Ltd is 416B KRW (≈ $305M). 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 Han Kook Capital Co. Ltd (023760)?
The price-to-sales ratio of Han Kook Capital Co. Ltd is 23.1 (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 Han Kook Capital Co. Ltd (023760)?
The dividend yield of Han Kook Capital Co. Ltd is 3.8%. 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 Han Kook Capital Co. Ltd (023760)?
The net margin of Han Kook Capital Co. Ltd is 54.9% (fiscal year 2025). 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 Han Kook Capital Co. Ltd (023760)?
The return on equity (ROE) of Han Kook Capital Co. Ltd is 1,082% (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 Han Kook Capital Co. Ltd (023760)?
On an EBIT basis the return on assets of Han Kook Capital Co. Ltd is 2.1% (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 Han Kook Capital Co. Ltd (023760)?
The operating margin of Han Kook Capital Co. Ltd is −1.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Han Kook Capital Co. Ltd (023760)?
Revenue at Han Kook Capital Co. Ltd is growing +20.4% versus a year earlier (3y avg −1.0%). 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 Han Kook Capital Co. Ltd (023760)?
Earnings per share at Han Kook Capital Co. Ltd are growing +36.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Han Kook Capital Co. Ltd (023760) generate?
The free cash flow of Han Kook Capital Co. Ltd is −529B 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 Han Kook Capital Co. Ltd (023760) carry?
The net debt of Han Kook Capital Co. Ltd is 4.0T 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 4, 2026