Hancom Inc (030520) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Hancom Inc stock KRW 35,240, price KRW 14,500, upside +143.0%, quality 72 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 5, 2026.
How to read this chart
60‑month range 10,943 KRW – 33,903 KRW · fair‑value band 23,953 KRW – 43,065 KRW · the 14,500 KRW price screens below the 35,240 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Hancom Inc. develops software products in South Korea and internationally.
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The company offers Hancom Office, an office software to edit in various formats, as well as translate into various languages for Windows, Mac, android, and iOS devices; and EzPhoto 3 VP that recognizes the model of the camera used to take a photo and corrects the colors in an optimal way.
It also provides Hancom Space, a cloud-based office service, which offers Hancom's productivity tools; Hancom Office Web, a product for document editing and real-time simultaneous collaboration; and corporate office solutions for PCs and mobile devices.
In addition, the company provides GenieTalk, a personal interpreter that aids conversation with native speakers; Wepubl, a tool to create e-books and build personal e-book store; Flexcil, a digital tool for reading and taking notes for iPads; and MalangMalang Talkafe, a messenger used from real-time translation chatting to various privacy protection functions.
Hancom Inc. has a strategic partnership with HCL Technologies to share advanced software technology solutions and establish a mutual bridgehead for overseas expansion. Hancom Inc. was founded in 1990 and is based in Seongnam, South Korea.
Stock analysis
Hancom Inc (030520) currently trades at 14,500 KRW, while our model-based Fair Value estimate is 35,240 KRW, implying the stock looks roughly 59% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 35,828 KRW per share, and 20 of the 26 models we run sit above the 14,500 KRW price.
Bear case: the Dividend Discount group reads lowest at 3,864 KRW, and 6 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 23,953 KRW (bear) to 43,065 KRW (bull), the price of 14,500 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 72/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Hancom Inc reported revenue of 327B KRW in FY2025 versus 242B KRW in FY2021, a compound +7.8%/yr. Reported net income was 34.4B KRW in FY2025, compounding +17.5%/yr from FY2021.
Key figures
Market cap 381B KRW (≈ $282M) Micro · P/S ratio 0.97 · Dividend yield 1.8% · Net margin 15.3% · Return on equity 455% · Return on assets (EBIT) 0.7% (5-year average) · Operating margin 9.1% · Revenue (TTM) 394B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −2% fair-value upside, at 143%, 030520 screens cheaper than that median.
Fair Value models
Bear23,953 KRWFair Value 35,240 KRWBull43,065 KRW
Price 14,500 KRW · Upside +143.0%
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
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+7.2%
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.
+10.5%
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.
−4.0%
Start year 2020 (pandemic). Over 10 years: +14.4% a year
Revenue growth 24 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.
+9.0%
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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.
≈ +4.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.2%
Dividend (yield on the price)1.8%
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.11.8% vs 7.8%, picking up
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.17% → 11%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 129% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−14.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −16.1% a year for the price and +4.2% for the forecasts.
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.Software & IT Services · 33 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+143.0% · Top 25%
Profitability
Return on equity (12 months)454.8% · Top 25%
Return on assets6.1% · Above median
Net margin (12 months)19.6% · Above median
Operating margin (12 months)9.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)15.8% · Top 25%
Dividend yield (12 months)1.8% · Above median
Balance sheet
Debt / equity0.06× · Above median
Valuation Multiplesvs Software & IT Services median · lower = cheaper
P/B1.04× · Pricier than median
P/S (12 months)1.24× · Pricier than median
Price / free cash flow (fiscal year)9.1× · Cheaper than median
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Cite: Fair Value Calculator (2026). "Hancom Inc Fair Value". https://www.fairvalue-calculator.com/stock/030520
Frequently asked questions
Is Hancom Inc (030520) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 35,240 KRW versus a price of 14,500 KRW, about +143% upside (undervalued).
What is the fair value of 030520?
Our model-based fair value for Hancom Inc is 35,240 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 14,500 KRW.
What is the quality score of 030520?
Hancom Inc has a Quality Score of 72/100. 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 Hancom Inc (030520)?
Our model-based price target is the fair value of 35,240 KRW (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 23,953 KRW, optimistic scenario 43,065 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hancom Inc stock forecast for 2026?
Our models put fair value at 35,240 KRW, about +143% upside versus a price of 14,500 KRW (undervalued). Cautious scenario 23,953 KRW, optimistic scenario 43,065 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hancom Inc (030520)?
Hancom Inc reported trailing-twelve-month revenue of about 394B KRW (latest available figure, as of Nov 5, 2026).
Does Hancom Inc pay a dividend?
Hancom Inc currently shows a dividend yield of 1.75% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Hancom Inc (030520)?
Hancom Inc has a dividend yield of 1.8%. 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 Hancom Inc (030520)?
For today's price to be fair in a discounted-cash-flow model, Hancom Inc would have to grow free cash flow by -14.4 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.0 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 030520 use?
Our models discount Hancom Inc at 12.9 %: a base by market capitalisation (micro), damped by beta 0.92, 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 Hancom Inc that is -14.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has Hancom Inc (030520) delivered so far?
Over the past 5 years revenue at Hancom Inc grew -4.0 % a year. The price currently implies free-cash-flow growth of -14.4 % 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 Hancom Inc (030520) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Hancom Inc (-14.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hancom Inc (030520)?
The free-cash-flow yield on the price is 15.57 %: that much free cash flow Hancom Inc produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hancom Inc (030520)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hancom Inc it is 35,240 KRW per share (as of Nov 5, 2026), against a price of 14,500 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 Hancom Inc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 030520 trades below its calculated fair value: price 14,500 KRW, fair value 35,240 KRW, a gap of about +143% (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 030520?
No. The price is what the market pays today (14,500 KRW); the fair value is what the company's own numbers justify (35,240 KRW). For Hancom Inc the two are 20,740 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hancom Inc worth?
The market values Hancom Inc at about 381B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 14,500 KRW; our models calculate a fair value of 35,240 KRW per share.
What do the bullish and bearish scenarios say about 030520?
Our models span a range for Hancom Inc: cautious scenario 23,953 KRW, base 35,240 KRW, optimistic 43,065 KRW per share (as of Nov 5, 2026, price 14,500 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hancom Inc (030520)?
Balance-sheet figures for Hancom Inc (as of Nov 5, 2026): return on equity 454.8%, debt of 0.06 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 030520 from its 52-week high?
Hancom Inc trades at 14,500 KRW, about 45% below its 52-week high of 26,550 KRW and at the low of 14,500 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 35,240 KRW is for.
Which stocks are comparable to Hancom Inc?
From the same area (Technology) we also value Gabia Inc, KINX, Inc, Wemade Co, AfreecaTV 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 Hancom Inc stock attractive at the current price?
The data as of Nov 5, 2026: price 14,500 KRW, calculated fair value 35,240 KRW (+143%), Quality Score 72/100, 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 030520 calculated?
We run Hancom Inc 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 35,240 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. Hancom Inc currently trades 59% 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 Hancom Inc (030520)?
The closing price on Nov 9, 2026 was 14,500 KRW. Our model-based fair value is 35,240 KRW, about +143% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hancom Inc right now?
The price is below even our cautious bear case (23,953 KRW). The market is more pessimistic than our downside scenario. Solid quality (72/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Hancom Inc
How large is the market capitalisation of Hancom Inc (030520)?
The market capitalisation of Hancom Inc is 381B KRW (≈ $282M). 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 Hancom Inc (030520)?
The price-to-sales ratio of Hancom Inc is 0.97 (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 Hancom Inc (030520)?
The dividend yield of Hancom Inc is 1.8%. 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 Hancom Inc (030520)?
The net margin of Hancom Inc is 15.3% (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 Hancom Inc (030520)?
The return on equity (ROE) of Hancom Inc is 455% (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 Hancom Inc (030520)?
On an EBIT basis the return on assets of Hancom Inc is 0.7% (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 Hancom Inc (030520)?
The operating margin of Hancom Inc is 9.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hancom Inc (030520)?
Revenue at Hancom Inc is growing +15.8% versus a year earlier (3y avg +10.5%). 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 Hancom Inc (030520)?
Earnings per share at Hancom Inc are growing +10.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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Nov 5, 2026