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HLB Co. Ltd (028300) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of HLB Co. Ltd stock KRW 15,394, price KRW 30,250, that is 49.1% below the price, quality 37 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Industrials KR · ISIN KR7028300002

HC HLB Co. Ltd logo Thin data Nov 10, 2026

HLB Co. Ltd

028300 · KQ
Very expensive, weak quality

Our calculation puts a fair price 49% below what the stock costs today.

Low debt
Last quarter vs. a year ago: revenue +78%, profit +148%.
Fair value 15,394 KRW · Strongly overvalued
Quality 37/100
Weak Growth (revenue 3y −22.3 %/yr in KRW)
Negative free cash flow
Trails peers (1/9)
Narrow moat 9/100
Thin data
Estimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

120,800 KRW 25,198 KRW Fair Value 15,394 KRW Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range 25,198 KRW – 120,800 KRW · fair‑value band 11,546 KRW – 19,243 KRW · the 30,250 KRW price screens above the 15,394 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

HLB Co., Ltd. manufactures and constructs lifeboats and glass fiber pipes in South Korea and internationally.

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It engages in the repair and inspection of lifeboats; fabrication and installation of pipes; development and manufacturing of biopharmaceuticals products, such as anti-cancer drugs; and manufacture and sale of medical devices, as well as manufacture and sale of quasi-drugs products, including alcohol swabs, sampling tools, etc.

The company is also involved in e-commerce, investment, and financing activities. Additionally, it develops biological drugs with MoA to infectious diseases. HLB Co., Ltd. was founded in 1975 and is headquartered in Ulsan, South Korea.

Stock analysis

HLB Co. Ltd (028300) currently trades at 30,250 KRW, while our estimate is 15,394 KRW, 49% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: 11,546 KRW (bear) to 19,243 KRW (bull), the price of 30,250 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 37/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

HLB Co. Ltd reported revenue of 84.2B KRW in FY2025 versus 69.8B KRW in FY2021, a compound +4.8%/yr. Reported net income was −221B KRW in FY2025.

Key figures

Market cap 4.0T KRW (≈ $3.0B) Mid · P/S ratio 53.8 · EPS (TTM) −1,606 KRW · Return on equity −48.5% · Return on assets (EBIT) −14.6% (5-year average) · Operating margin −80.4% · Revenue (TTM) 97.5B KRW · Revenue growth (YoY) +78.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 56% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −33% fair-value upside, at −49%, 028300 screens richer than that median.

Fair Value

Bear 11,546 KRW Fair Value 15,394 KRW Bull 19,243 KRW
Price 30,250 KRW · Downside -49.1%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 37/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 50
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 62
Debt, balance sheet and risk of trouble
Investment 67
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 21
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 69
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 25/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+23.6%
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.
−22.3%
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.
+8.4%
Start year 2020 (pandemic). Over 10 years: +8.1% a year
Revenue growth 20 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.
+13.6%
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.
−109.5% (2020) → −117.2% (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

028300 screens overvalued: fair value 49% below the price. Compare with Johnson Controls International plc →

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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.Building Products & Equipment · 263 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −49.1% · Bottom 25%
Profitability
Return on assets −23.7% · Bottom 25%
Operating margin (12 months) −80.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 78.0% · Top 25%
Balance sheet
Debt / equity 0.14× · Above median

Valuation Multiplesvs Building Products & Equipment median · lower = cheaper

P/B 9.48× · Priciest 25%
P/S (12 months) 40.69× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 19
FUTURE (revenue growth)100 · sector 26
PAST (return on equity)0 · sector 23
HEALTH (low debt)93 · sector 95
DIVIDEND (yield)0 · sector 41

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Compagnie de Saint-Gobain S.A SGO €76.34 €93.79 +23% vs 028300
Carlisle Companies Incorporated CSL $395.23 $347.14 −12% vs 028300
Madison Air Solutions Corporation MAIR $23.94 $20.32 −15% vs 028300
Kingspan Group KRX €96.70 €68.99 −29% vs 028300
Masco Corporation MAS $84.80 $56.97 −33% vs 028300
Trane Technologies plc TT $420.82 $223.94 −47% vs 028300
Johnson Controls International plc JCI $141.12 $73.99 −48% vs 028300
Geberit AG GEBN CHF 595.60 CHF 303.40 −49% vs 028300
Carrier Global Corporation CARR $53.01 $19.35 −64% vs 028300
BELIMO Holding BEAN CHF 758.00 CHF 236.88 −69% vs 028300

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HLB Co. Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "HLB Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/028300

Frequently asked questions

Is HLB Co. Ltd (028300) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is 15,394 KRW versus a price of 30,250 KRW, about 49% lower (overvalued).
What is the fair value of 028300?
Our estimate for HLB Co. Ltd is 15,394 KRW (as of Nov 10, 2026), built from audited fundamentals. The current price: 30,250 KRW.
What is the quality score of 028300?
HLB 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 HLB Co. Ltd (028300)?
Our calculated price target is the estimate of 15,394 KRW (as of Nov 10, 2026). Cautious scenario 11,546 KRW, optimistic scenario 19,243 KRW. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the HLB Co. Ltd stock forecast for 2026?
Our estimate puts fair value at 15,394 KRW, about 49% lower versus a price of 30,250 KRW (overvalued). Cautious scenario 11,546 KRW, optimistic scenario 19,243 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of HLB Co. Ltd (028300)?
HLB Co. Ltd reported trailing-twelve-month revenue of about 97.5B KRW (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of HLB Co. Ltd (028300)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HLB Co. Ltd it is 15,394 KRW per share (as of Nov 10, 2026), against a price of 30,250 KRW.
Is HLB Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 028300 trades above its calculated fair value: price 30,250 KRW, fair value 15,394 KRW, a gap of about −49% (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 028300?
No. The price is what the market pays today (30,250 KRW); the fair value is what the company's own numbers justify (15,394 KRW). For HLB Co. Ltd the two are 14,856 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is HLB Co. Ltd worth?
The market values HLB Co. Ltd at about 4.0T KRW (market capitalisation, as of Nov 10, 2026). Per share that is 30,250 KRW; our models calculate a fair value of 15,394 KRW per share.
What do the bullish and bearish scenarios say about 028300?
Our models span a range for HLB Co. Ltd: cautious scenario 11,546 KRW, base 15,394 KRW, optimistic 19,243 KRW per share (as of Nov 10, 2026, price 30,250 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of HLB Co. Ltd (028300)?
Balance-sheet figures for HLB Co. Ltd (as of Nov 10, 2026): return on equity −48.5%, debt of 0.14 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 028300 from its 52-week high?
HLB Co. Ltd trades at 30,250 KRW, about 56% below its 52-week high of 68,200 KRW and 18% above the low of 25,650 KRW (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 15,394 KRW is for.
Which stocks are comparable to HLB Co. Ltd?
From the same area (Industrials) we also value Johnson Controls International plc, Trane Technologies plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 HLB Co. Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price 30,250 KRW, calculated fair value 15,394 KRW (−49%), Quality Score 37/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. HLB Co. Ltd 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 HLB Co. Ltd (028300)?
The closing price on Nov 10, 2026 was 30,250 KRW. Our estimate is 15,394 KRW, about 49% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HLB Co. Ltd right now?
The price sits above even our optimistic bull case (19,243 KRW). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of HLB Co. Ltd

How large is the market capitalisation of HLB Co. Ltd (028300)?
The market capitalisation of HLB Co. Ltd is 4.0T KRW (≈ $3.0B). 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 HLB Co. Ltd (028300)?
The price-to-sales ratio of HLB Co. Ltd is 53.8 (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 HLB Co. Ltd (028300)?
Earnings per share at HLB Co. Ltd are −1,606 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of HLB Co. Ltd (028300)?
The return on equity (ROE) of HLB Co. Ltd is −48.5% (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 HLB Co. Ltd (028300)?
On an EBIT basis the return on assets of HLB Co. Ltd is −14.6% (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 HLB Co. Ltd (028300)?
The operating margin of HLB Co. Ltd is −80.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HLB Co. Ltd (028300)?
Revenue at HLB Co. Ltd is growing +78.0% versus a year earlier (3y avg −22.3%). 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 HLB Co. Ltd (028300)?
Earnings per share at HLB Co. Ltd are growing +148% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HLB Co. Ltd (028300) generate?
The free cash flow of HLB Co. Ltd is −110B 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 HLB Co. Ltd (028300) carry?
The net debt of HLB Co. Ltd is 224B 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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