Haesung Industrial Co. Ltd (034810) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Haesung Industrial Co. Ltd stock KRW 13,475, price KRW 5,450, upside +147.2%, quality 41 out of 100. Rating: strongly undervalued. Calculated from audited financials with 4 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 7, 2026.
How to read this chart
60‑month range 4,966 KRW – 15,285 KRW · fair‑value band 8,895 KRW – 18,055 KRW · the 5,450 KRW price screens below the 13,475 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Haesung Industrial Co., Ltd. engages in the real estate development, rental, and management business in South Korea. It rents office buildings and apartment-type factories.
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The company also engages in the paper manufacturing and sales; corrugated cardboard , paper box, and paper container manufacturing; white cardboard manufacturing and sales; special paper manufacturing and distribution sales; power tool manufacturing and sales; semiconductor substrate manufacturing and sales; manufacturing and sales of automobile motors; sales of power tool parts; manufacturing and sales of lead frames and related parts; and parking business.
Haesung Industrial Co., Ltd. was founded in 1954 and is based in Seoul, South Korea.
Stock analysis
Haesung Industrial Co. Ltd (034810) currently trades at 5,450 KRW, while our model-based Fair Value estimate is 13,475 KRW, implying the stock looks roughly 60% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 34,878 KRW per share, and 3 of the 3 models we run sit above the 5,450 KRW price.
Bear case: the Asset-Based group reads lowest at 11,947 KRW, and 0 of the 3 models stay below the price. Data coverage for this calculation is low.
Scenario range: 8,895 KRW (bear) to 18,055 KRW (bull), the price of 5,450 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 41/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Haesung Industrial Co. Ltd reported revenue of 2.3T KRW in FY2025 versus 1.9T KRW in FY2021, a compound +4.8%/yr. Reported net income was −24.0B KRW in FY2025.
Key figures
Market cap 162B KRW (≈ $119M) Micro · P/S ratio 0.07 · EPS (TTM) −1,817 KRW · Dividend yield 4.6% · Net margin −2.3% · Return on equity −5.0% · Return on assets (EBIT) 3.0% (5-year average) · Operating margin 4.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (medium confidence).
What moves the price
The share trades about 39% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −17% fair-value upside, at 147%, 034810 screens cheaper than that median.
Fair Value models
Bear8,895 KRWFair Value 13,475 KRWBull18,055 KRW
Price 5,450 KRW · Upside +147.2%
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
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+1.8%
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.
−3.7%
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.
+36.4%
Start year 2020 (pandemic). Over 10 years: +68.3% a year
Revenue growth 25 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.
+24.1%
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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.
75.2% (2020) → 1.9% (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
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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.Real Estate Services · 471 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside+147.2% · Top 25%
Profitability
Return on assets−0.9% · Bottom 25%
Net margin (12 months)−2.3% · Bottom 25%
Operating margin (12 months)4.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)16.0% · Top 25%
Dividend yield (12 months)4.6% · Above median
Balance sheet
Debt / equity0.36× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Is Haesung Industrial Co. Ltd (034810) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 13,475 KRW versus a price of 5,450 KRW, about +147% upside (undervalued).
What is the fair value of 034810?
Our model-based fair value for Haesung Industrial Co. Ltd is 13,475 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 5,450 KRW.
What is the quality score of 034810?
Haesung Industrial Co. Ltd has a Quality Score of 41/100. 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 Haesung Industrial Co. Ltd (034810)?
Our model-based price target is the fair value of 13,475 KRW (as of Nov 7, 2026) from 4 valuation models. Cautious scenario 8,895 KRW, optimistic scenario 18,055 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Haesung Industrial Co. Ltd stock forecast for 2026?
Our models put fair value at 13,475 KRW, about +147% upside versus a price of 5,450 KRW (undervalued). Cautious scenario 8,895 KRW, optimistic scenario 18,055 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Haesung Industrial Co. Ltd (034810)?
Haesung Industrial Co. Ltd reported trailing-twelve-month revenue of about 2.4T KRW (latest available figure, as of Nov 7, 2026).
Does Haesung Industrial Co. Ltd pay a dividend?
Haesung Industrial Co. Ltd currently shows a dividend yield of 4.59% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Haesung Industrial Co. Ltd (034810) and when is the ex-dividend date?
Haesung Industrial Co. Ltd pays a dividend of 250.00 KRW per share a year, a dividend yield of 4.6%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2001. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Haesung Industrial Co. Ltd (034810)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Haesung Industrial Co. Ltd it is 13,475 KRW per share (as of Nov 7, 2026), against a price of 5,450 KRW. It is the blended result of 4 valuation models in 2 families (Multiples, Asset-Based).
Is Haesung Industrial Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 034810 trades below its calculated fair value: price 5,450 KRW, fair value 13,475 KRW, a gap of about +147% (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 034810?
No. The price is what the market pays today (5,450 KRW); the fair value is what the company's own numbers justify (13,475 KRW). For Haesung Industrial Co. Ltd the two are 8,025 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Haesung Industrial Co. Ltd worth?
The market values Haesung Industrial Co. Ltd at about 162B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 5,450 KRW; our models calculate a fair value of 13,475 KRW per share.
What do the bullish and bearish scenarios say about 034810?
Our models span a range for Haesung Industrial Co. Ltd: cautious scenario 8,895 KRW, base 13,475 KRW, optimistic 18,055 KRW per share (as of Nov 7, 2026, price 5,450 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Haesung Industrial Co. Ltd (034810)?
Balance-sheet figures for Haesung Industrial Co. Ltd (as of Nov 7, 2026): return on equity −5.0%, debt of 0.36 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 034810 from its 52-week high?
Haesung Industrial Co. Ltd trades at 5,450 KRW, about 39% below its 52-week high of 8,870 KRW and 1% above the low of 5,390 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 13,475 KRW is for.
Which stocks are comparable to Haesung Industrial Co. Ltd?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties 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 Haesung Industrial Co. Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 5,450 KRW, calculated fair value 13,475 KRW (+147%), Quality Score 41/100, from 4 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 034810 calculated?
We run Haesung Industrial Co. Ltd through 4 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of 13,475 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. Haesung Industrial Co. Ltd currently trades 60% 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 Haesung Industrial Co. Ltd (034810)?
The closing price on Nov 9, 2026 was 5,450 KRW. Our model-based fair value is 13,475 KRW, about +147% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Haesung Industrial Co. Ltd right now?
The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (8,895 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. A fairly wide model range (8,895 KRW to 18,055 KRW) leaves room in how you read the outcome.
Key figures of Haesung Industrial Co. Ltd
How large is the market capitalisation of Haesung Industrial Co. Ltd (034810)?
The market capitalisation of Haesung Industrial Co. Ltd is 162B KRW (≈ $119M). 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 Haesung Industrial Co. Ltd (034810)?
The price-to-sales ratio of Haesung Industrial Co. Ltd is 0.07 (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 Haesung Industrial Co. Ltd (034810)?
Earnings per share at Haesung Industrial Co. Ltd are −1,817 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Haesung Industrial Co. Ltd (034810)?
The dividend yield of Haesung Industrial Co. Ltd is 4.6%. 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 Haesung Industrial Co. Ltd (034810)?
The net margin of Haesung Industrial Co. Ltd is −2.3% (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 Haesung Industrial Co. Ltd (034810)?
The return on equity (ROE) of Haesung Industrial Co. Ltd is −5.0% (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 Haesung Industrial Co. Ltd (034810)?
On an EBIT basis the return on assets of Haesung Industrial Co. Ltd is 3.0% (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 Haesung Industrial Co. Ltd (034810)?
The operating margin of Haesung Industrial Co. Ltd is 4.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Haesung Industrial Co. Ltd (034810)?
Revenue at Haesung Industrial Co. Ltd is growing +16.0% versus a year earlier (3y avg −3.7%). 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 Haesung Industrial Co. Ltd (034810)?
Earnings per share at Haesung Industrial Co. Ltd are growing +263% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Haesung Industrial Co. Ltd (034810) generate?
The free cash flow of Haesung Industrial Co. Ltd is −32.4B 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 Haesung Industrial Co. Ltd (034810) carry?
The net debt of Haesung Industrial Co. Ltd is 644B 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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Thin data
Nov 7, 2026