HRS Co. Ltd (036640) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of HRS Co. Ltd stock KRW 5,427, price KRW 4,800, upside +13.1%, quality 60 out of 100. Rating: undervalued. Calculated from audited financials with 24 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 9, 2026.
How to read this chart
60‑month range 3,648 KRW – 7,976 KRW · fair‑value band 4,124 KRW – 7,223 KRW · the 4,800 KRW price screens below the 5,427 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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HRS Co., Ltd engages in the manufacture and sale of silicone products in South Korea.
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The company offers high consistency silicone rubber, liquid silicone rubber, room temperature vulcanizing silicone rubber, silicon sheets, pressure sensitive adhesives, silicone rubber articles, silicone emulsion, and fluorine silicone.
Its products are used in keypads, O/A rolls, industrial rolls, interconnectors, spark plug boots, jar packing, jar heaters, UL and high voltage wires, deforest heater codes, EMI shielding, thermal conductive pads, silicon sheets, close cell sponges, medical products, pacifiers, swimming caps/goggles, profile tubings, metal castings, high voltage insulators, bakeware, fabrics, and personal care products.
The company was formerly known as Hae Ryong Silicoone Company Limited and changed its name to HRS Co., Ltd in March 2007. HRS Co., Ltd was founded in 1978 and is based in Seoul, South Korea.
Stock analysis
HRS Co. Ltd (036640) currently trades at 4,800 KRW, while our model-based Fair Value estimate is 5,427 KRW, implying the stock looks roughly 12% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 10,996 KRW per share, and 21 of the 24 models we run sit above the 4,800 KRW price.
Bear case: the Dividend Discount group reads lowest at 2,372 KRW, and 3 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 4,124 KRW (bear) to 7,223 KRW (bull), the price of 4,800 KRW sits inside 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 60/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
HRS Co. Ltd reported revenue of 78.9B KRW in FY2025 versus 84.1B KRW in FY2021, a compound −1.6%/yr. Reported net income was 13.5B KRW in FY2025, compounding −10.2%/yr from FY2021.
Key figures
Market cap 76.7B KRW (≈ $56.7M) Micro · P/S ratio 0.85 · Net margin 14.6% · Return on equity 1,223% · Return on assets (EBIT) 12.5% (5-year average) · Operating margin 18.8% · Revenue (TTM) 92.0B KRW · Revenue growth (YoY) −3.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 30% fair-value upside, at 13%, 036640 screens richer than that median.
Fair Value models
Bear4,124 KRWFair Value 5,427 KRWBull7,223 KRW
Price 4,800 KRW · Upside +13.1%
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.
Best data coverage
FCF DCF4,581 KRW5,124 KRW5,914 KRW80
Growth DCF4,617 KRW5,122 KRW5,810 KRW78
Owner Earnings4,392 KRW4,894 KRW5,623 KRW76
All 24 models by family
DCF Models
FCF DCF4,581 KRW5,124 KRW5,914 KRW80
Owner Earnings4,392 KRW4,894 KRW5,623 KRW76
5Y Revenue Exit5,760 KRW7,581 KRW10,088 KRW71
5Y EBITDA Exit6,348 KRW8,588 KRW11,383 KRW74
5Y P/E Exit8,070 KRW11,537 KRW15,407 KRW69
10Y Revenue Exit5,060 KRW6,347 KRW7,848 KRW66
10Y EBITDA Exit5,450 KRW6,891 KRW8,559 KRW68
10Y P/E Exit6,316 KRW8,482 KRW10,767 KRW63
Earnings-Based
Graham-Dodd5,736 KRW10,492 KRW12,978 KRW64
EPV4,869 KRW5,174 KRW5,418 KRW74
Dividend Discount
Gordon GGM1,935 KRW2,349 KRW2,703 KRW67
DDM Multi-Stage1,935 KRW2,394 KRW2,830 KRW65
Multiples
P/E Multiple10,756 KRW14,341 KRW17,926 KRW63
P/S Multiple5,537 KRW7,382 KRW9,228 KRW58
P/B Multiple4,645 KRW6,194 KRW7,742 KRW55
EV/EBIT10,886 KRW13,815 KRW16,744 KRW66
EV/EBITDA8,964 KRW11,253 KRW13,541 KRW67
EV/Revenue7,267 KRW9,481 KRW11,696 KRW54
Asset-Based
NCAV (Graham)2,911 KRW4,410 KRW5,513 KRW54
Growth DCF
Growth DCF4,617 KRW5,122 KRW5,810 KRW78
Rev-Margin DCF5,760 KRW7,626 KRW9,809 KRW72
Economic Profit
Residual Income6,383 KRW6,830 KRW7,565 KRW74
ROIC Compounder4,869 KRW5,174 KRW5,418 KRW70
Growth Earnings
Growth-Adj P/E7,697 KRW10,996 KRW14,295 KRW65
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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
−1.7%
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.
−2.9%
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.
+3.2%
Start year 2020 (pandemic). Over 10 years: +2.8% a year
Revenue growth 14 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.
+2.2%
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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. 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.
+8.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.0%
Dividend (yield on the price)0.0%
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.8.0% vs 13.3%, slowing
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.15% → 17%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−0.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −2.3% 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.Automobiles & Auto Parts · 15 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+13.1% · Above median
Profitability
Return on assets9.5% · Top 25%
Net margin (12 months)14.6% · Top 25%
Operating margin (12 months)18.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−3.4% · Bottom 25%
Dividend yield (12 months)6.1% · Top 25%
Valuation Multiplesvs Automobiles & Auto Parts median · lower = cheaper
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 HRS Co. Ltd (036640) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 5,427 KRW versus a price of 4,800 KRW, about +13% upside (undervalued).
What is the fair value of 036640?
Our model-based fair value for HRS Co. Ltd is 5,427 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 4,800 KRW.
What is the quality score of 036640?
HRS Co. Ltd has a Quality Score of 60/100. 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 HRS Co. Ltd (036640)?
Our model-based price target is the fair value of 5,427 KRW (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 4,124 KRW, optimistic scenario 7,223 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the HRS Co. Ltd stock forecast for 2026?
Our models put fair value at 5,427 KRW, about +13% upside versus a price of 4,800 KRW (undervalued). Cautious scenario 4,124 KRW, optimistic scenario 7,223 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of HRS Co. Ltd (036640)?
HRS Co. Ltd reported trailing-twelve-month revenue of about 92.0B KRW (latest available figure, as of Nov 9, 2026).
What growth is priced into HRS Co. Ltd (036640)?
For today's price to be fair in a discounted-cash-flow model, HRS Co. Ltd would have to grow free cash flow by -0.3 % per year for five years (discount rate 13.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.2 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 036640 use?
Our models discount HRS Co. Ltd at 13.6 %: a base by market capitalisation (micro), damped by beta 1.14, 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 HRS Co. Ltd that is -0.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.6 %) and the same formula as our fair value.
How much growth has HRS Co. Ltd (036640) delivered so far?
Over the past 5 years revenue at HRS Co. Ltd grew +3.2 % a year. The price currently implies free-cash-flow growth of -0.3 % 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 HRS Co. Ltd (036640) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into HRS Co. Ltd (-0.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of HRS Co. Ltd (036640)?
The free-cash-flow yield on the price is 7.42 %: that much free cash flow HRS Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of HRS Co. Ltd (036640)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HRS Co. Ltd it is 5,427 KRW per share (as of Nov 9, 2026), against a price of 4,800 KRW. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is HRS Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 036640 trades below its calculated fair value: price 4,800 KRW, fair value 5,427 KRW, a gap of about +13% (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 036640?
No. The price is what the market pays today (4,800 KRW); the fair value is what the company's own numbers justify (5,427 KRW). For HRS Co. Ltd the two are 627.18 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is HRS Co. Ltd worth?
The market values HRS Co. Ltd at about 76.7B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 4,800 KRW; our models calculate a fair value of 5,427 KRW per share.
What do the bullish and bearish scenarios say about 036640?
Our models span a range for HRS Co. Ltd: cautious scenario 4,124 KRW, base 5,427 KRW, optimistic 7,223 KRW per share (as of Nov 9, 2026, price 4,800 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 036640 from its 52-week high?
HRS Co. Ltd trades at 4,800 KRW, about 11% below its 52-week high of 5,380 KRW and 10% above the low of 4,360 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 5,427 KRW is for.
Which stocks are comparable to HRS Co. Ltd?
From the same area (Consumer Cyclical) we also value ML, GTCAP, ESTec Corporation, Hwashin Precision Engineering 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 HRS Co. Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 4,800 KRW, calculated fair value 5,427 KRW (+13%), Quality Score 60/100, from 24 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 036640 calculated?
We run HRS Co. Ltd through 24 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 5,427 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. HRS Co. Ltd currently trades 12% 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 HRS Co. Ltd (036640)?
The closing price on Nov 9, 2026 was 4,800 KRW. Our model-based fair value is 5,427 KRW, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HRS Co. Ltd right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of HRS Co. Ltd
How large is the market capitalisation of HRS Co. Ltd (036640)?
The market capitalisation of HRS Co. Ltd is 76.7B KRW (≈ $56.7M). 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 HRS Co. Ltd (036640)?
The price-to-sales ratio of HRS Co. Ltd is 0.85 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of HRS Co. Ltd (036640)?
The net margin of HRS Co. Ltd is 14.6% (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 HRS Co. Ltd (036640)?
The return on equity (ROE) of HRS Co. Ltd is 1,223% (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 HRS Co. Ltd (036640)?
On an EBIT basis the return on assets of HRS Co. Ltd is 12.5% (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 HRS Co. Ltd (036640)?
The operating margin of HRS Co. Ltd is 18.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HRS Co. Ltd (036640)?
Revenue at HRS Co. Ltd is growing −3.4% versus a year earlier (3y avg −2.9%). 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 HRS Co. Ltd (036640)?
Earnings per share at HRS Co. Ltd are growing −36.6% versus a year earlier. How much earnings per share grew versus a year earlier.
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Some data
Nov 9, 2026