Han Kook Steel (025890) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Han Kook Steel stock KRW 811, price KRW 2,580, that is 68.6% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 10 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 3, 2026.
How to read this chart
60‑month range 1,521 KRW – 8,240 KRW · fair‑value band 504.89 KRW – 1,122 KRW · the 2,580 KRW price screens above the 810.52 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Hankook Steel Co., Ltd. manufactures and sells steel products in South Korea.
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The company offers castings, including rudder horns, propeller boss, lower casting, stern boss and tubes, and tillers for shipbuilding; crowns, frames, column, discharge heads, roll chocks, slag pots, tee dies, bending dies, girth gears, holding blocks, mill housing, tables, and trunnions for industrial purpose; and turbine casting, valve body, butterfly valves, and gate valves for power generation applications.
It also provides ingot for forging, such as general, round, and E.S.R ingots. The company was founded in 1960 and is headquartered in Haman-myeon, South Korea.
Stock analysis
Han Kook Steel (025890) currently trades at 2,580 KRW, while our model-based Fair Value estimate is 810.52 KRW, 69% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 979.09 KRW per share, and 0 of the 10 models we run sit above the 2,580 KRW price.
Bear case: the Asset-Based group reads lowest at 450.24 KRW, and 10 of the 10 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 504.89 KRW (bear) to 1,122 KRW (bull), the price of 2,580 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 49/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Han Kook Steel reported revenue of 39.9B KRW in FY2025 versus 45.3B KRW in FY2021, a compound −3.1%/yr. Reported net income was −291M KRW in FY2025.
Key figures
Market cap 28.8B KRW (≈ $21.3M) Micro · P/S ratio 0.71 · EPS (TTM) −44.14 KRW · Net margin −1.3% · Return on equity −1.5% · Return on assets (EBIT) 1.1% (5-year average) · Operating margin 1.4% · Revenue (TTM) 38.7B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (medium confidence).
What moves the price
The share trades about 4% below its 52-week high and 70% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at −69%, 025890 screens richer than that median.
Fair Value models
Bear504.89 KRWFair Value 810.52 KRWBull1,122 KRW
Price 2,580 KRW · Downside -68.6%
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.31/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−15.7%
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.
−9.8%
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.
+3.3%
Start year 2020 (pandemic). Over 10 years: +1.7% 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.
+1.1%
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Profit margin (trend) ⓘ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.
−0.4% (2020) → −0.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+16.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +14.0% 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 1/11 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−68.6% · Bottom 25%
Profitability
Return on assets−0.8% · Bottom 25%
Net margin (12 months)−1.3% · Bottom 25%
Operating margin (12 months)1.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)−5.1% · Bottom 25%
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Steel median · lower = cheaper
P/B0.86× · Cheaper than median
P/S (12 months)0.74× · Pricier than median
Price / free cash flow (fiscal year)27.2× · Pricier than median
EV/EBITDA54.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)0· sector 38
PAST (return on equity)0· sector 19
HEALTH (low debt)93· sector 95
DIVIDEND (yield)0· sector 52
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.
Is Han Kook Steel (025890) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 810.52 KRW versus a price of 2,580 KRW, about 69% lower (overvalued).
What is the fair value of 025890?
Our model-based fair value for Han Kook Steel is 810.52 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 2,580 KRW.
What is the quality score of 025890?
Han Kook Steel has a Quality Score of 49/100. 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 Steel (025890)?
Our model-based price target is the fair value of 810.52 KRW (as of Nov 3, 2026) from 10 valuation models. Cautious scenario 504.89 KRW, optimistic scenario 1,122 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Han Kook Steel stock forecast for 2026?
Our models put fair value at 810.52 KRW, about 69% lower versus a price of 2,580 KRW (overvalued). Cautious scenario 504.89 KRW, optimistic scenario 1,122 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Han Kook Steel (025890)?
Han Kook Steel reported trailing-twelve-month revenue of about 38.7B KRW (latest available figure, as of Nov 3, 2026).
What growth is priced into Han Kook Steel (025890)?
For today's price to be fair in a discounted-cash-flow model, Han Kook Steel would have to grow free cash flow by +16.4 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.3 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 025890 use?
Our models discount Han Kook Steel at 8.9 %: a base by market capitalisation (nano), damped by beta 0.48, 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 Han Kook Steel that is +16.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Han Kook Steel (025890) delivered so far?
Over the past 5 years revenue at Han Kook Steel grew +3.3 % a year. The price currently implies free-cash-flow growth of +16.4 % 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 Han Kook Steel (025890) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Han Kook Steel (+16.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Han Kook Steel (025890)?
The free-cash-flow yield on the price is 3.68 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Han Kook Steel produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Han Kook Steel (025890)?
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 Steel it is 810.52 KRW per share (as of Nov 3, 2026), against a price of 2,580 KRW. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Han Kook Steel stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 025890 trades above its calculated fair value: price 2,580 KRW, fair value 810.52 KRW, a gap of about −69% (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 025890?
No. The price is what the market pays today (2,580 KRW); the fair value is what the company's own numbers justify (810.52 KRW). For Han Kook Steel the two are 1,769 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Han Kook Steel worth?
The market values Han Kook Steel at about 28.8B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 2,580 KRW; our models calculate a fair value of 810.52 KRW per share.
What do the bullish and bearish scenarios say about 025890?
Our models span a range for Han Kook Steel: cautious scenario 504.89 KRW, base 810.52 KRW, optimistic 1,122 KRW per share (as of Nov 3, 2026, price 2,580 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Han Kook Steel (025890)?
Balance-sheet figures for Han Kook Steel (as of Nov 3, 2026): return on equity −1.5%, debt of 0.13 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 025890 from its 52-week high?
Han Kook Steel trades at 2,580 KRW, about 4% below its 52-week high of 2,700 KRW and 70% above the low of 1,521 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 810.52 KRW is for.
Which stocks are comparable to Han Kook Steel?
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 Han Kook Steel stock attractive at the current price?
The data as of Nov 3, 2026: price 2,580 KRW, calculated fair value 810.52 KRW (−69%), Quality Score 49/100, from 10 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 025890 calculated?
We run Han Kook Steel through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 810.52 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. Han Kook Steel 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 Han Kook Steel (025890)?
The closing price on Nov 6, 2026 was 2,580 KRW. Our model-based fair value is 810.52 KRW, about 69% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Han Kook Steel right now?
The price sits above even our optimistic bull case (1,122 KRW). The favourable scenario is already priced in. Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (504.89 KRW to 1,122 KRW) leaves room in how you read the outcome.
Key figures of Han Kook Steel
How large is the market capitalisation of Han Kook Steel (025890)?
The market capitalisation of Han Kook Steel is 28.8B KRW (≈ $21.3M). 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 Han Kook Steel (025890)?
The price-to-sales ratio of Han Kook Steel is 0.71 (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 Han Kook Steel (025890)?
Earnings per share at Han Kook Steel are −44.14 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Han Kook Steel (025890)?
The net margin of Han Kook Steel is −1.3% (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 Han Kook Steel (025890)?
The return on equity (ROE) of Han Kook Steel is −1.5% (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 Steel (025890)?
On an EBIT basis the return on assets of Han Kook Steel is 1.1% (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 Steel (025890)?
The operating margin of Han Kook Steel is 1.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Han Kook Steel (025890)?
Revenue at Han Kook Steel is growing −5.1% versus a year earlier (3y avg −9.8%). 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 Steel (025890)?
Earnings per share at Han Kook Steel are growing −47.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Han Kook Steel (025890) carry?
The net debt of Han Kook Steel is 953M KRW (fiscal year 2024, ≈ 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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Some data
Nov 3, 2026