HB Technology CO.LTD (078150) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of HB Technology CO.LTD stock KRW 1,337, price KRW 1,668, that is 19.9% below the price, quality 50 out of 100. Rating: overvalued. Calculated from audited financials with 15 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 8, 2026.
How to read this chart
60‑month range 1,512 KRW – 4,965 KRW · fair‑value band 1,265 KRW – 1,475 KRW · the 1,668 KRW price screens above the 1,337 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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HB Technology CO.,LTD., together with its subsidiaries, engages in the manufacture and sale of inspection display equipment in South Korea and internationally. It operates through the Equipment, and Parts and Materials divisions.
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The company offers automated optical inspection equipment; encapsulation inspection systems; edge crack testing machines; laser repair equipment; PCB thickness gauges; and die-matching meters. It also provides light guide and diffusion plates for backlight units for LED TVs and monitors.
In addition, the company is engaged in the installation of inspection equipment. It serves manufacturers of display-related products. The company was formerly known as NCB Networks Co., Ltd. and changed its name to HB Technology CO.,LTD. in March 2012.
HB Technology CO.,LTD. was founded in 1997 and is headquartered in Asan-si, South Korea.
Stock analysis
HB Technology CO.LTD (078150) currently trades at 1,668 KRW, while our model-based Fair Value estimate is 1,337 KRW, 20% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 7,160 KRW per share, and 7 of the 15 models we run sit above the 1,668 KRW price.
Bear case: the Dividend Discount group reads lowest at 180.28 KRW, and 8 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,265 KRW (bear) to 1,475 KRW (bull), the price of 1,668 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 50/100 (solid quality), in the Technology sector.
Mixed Growth: Spin-off in 2023: revenue and profit before it include the divested business. Growth is measured afresh from 2023.
HB Technology CO.LTD reported revenue of 160B KRW in FY2025 versus 159B KRW in FY2021, a compound +0.2%/yr. Reported net income was 28.4B KRW in FY2025, compounding +25.3%/yr from FY2021.
Key figures
Market cap 148B KRW (≈ $109M) Micro · P/E ratio 3.4 · P/S ratio 0.97 · EPS (TTM) 554.03 KRW · Dividend yield 1.2% · Net margin 32.2% · Return on equity 17.1% · Return on assets (EBIT) −1.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades about 66% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −20%, 078150 screens richer than that median.
Fair Value models
Bear1,265 KRWFair Value 1,337 KRWBull1,475 KRW
Price 1,668 KRW · Downside -19.9%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (457.95 KRW per share) are deliberately not added.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
EPV410.65 KRW436.21 KRW456.62 KRW74
Residual Income2,490 KRW2,631 KRW2,904 KRW74
ROIC Compounder410.65 KRW436.21 KRW456.62 KRW70
All 15 models by family
Earnings-Based
Graham-Dodd2,173 KRW5,192 KRW6,697 KRW63
PEG = 1.0908.01 KRW1,297 KRW1,686 KRW55
EPV410.65 KRW436.21 KRW456.62 KRW74
Dividend Discount
Gordon GGM129.23 KRW188.03 KRW237.93 KRW67
DDM Multi-Stage129.23 KRW172.52 KRW209.09 KRW65
Multiples
P/E Multiple6,709 KRW8,946 KRW11,182 KRW63
P/S Multiple4,074 KRW5,431 KRW6,789 KRW58
P/B Multiple2,600 KRW3,467 KRW4,333 KRW55
EV/EBIT1,063 KRW1,484 KRW1,905 KRW66
EV/EBITDA1,293 KRW1,791 KRW2,289 KRW67
EV/Revenue437.88 KRW711.67 KRW985.45 KRW53
Asset-Based
NCAV (Graham)49.96 KRW75.70 KRW94.62 KRW54
Economic Profit
Residual Income2,490 KRW2,631 KRW2,904 KRW74
ROIC Compounder410.65 KRW436.21 KRW456.62 KRW70
Growth Earnings
Growth-Adj P/E5,012 KRW7,160 KRW9,308 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.55/100
Spin-off in 2023: revenue and profit before it include the divested business. Growth is measured afresh from 2023.
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.
≈ +5.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +3.9%
Dividend (yield on the price)1.2%
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.base effect: 45.7% / −1.9%
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.2% → 4%
⚠ Revenue per share shrinking 9.3%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 58.0 per share, median 454 in 2016 to 2018). It measures the recovery from the trough, not lasting growth.
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.Semiconductor Equipment & Materials · 235 stocks
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Is HB Technology CO.LTD (078150) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 1,337 KRW versus a price of 1,668 KRW, about 20% lower (overvalued).
What is the fair value of 078150?
Our model-based fair value for HB Technology CO.LTD is 1,337 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 1,668 KRW.
What is the quality score of 078150?
HB Technology CO.LTD has a Quality Score of 50/100. 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 HB Technology CO.LTD (078150)?
Our model-based price target is the fair value of 1,337 KRW (as of Nov 8, 2026) from 15 valuation models. Cautious scenario 1,265 KRW, optimistic scenario 1,475 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the HB Technology CO.LTD stock forecast for 2026?
Our models put fair value at 1,337 KRW, about 20% lower versus a price of 1,668 KRW (overvalued). Cautious scenario 1,265 KRW, optimistic scenario 1,475 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of HB Technology CO.LTD (078150)?
HB Technology CO.LTD reported trailing-twelve-month revenue of about 153B KRW (latest available figure, as of Nov 8, 2026).
Does HB Technology CO.LTD pay a dividend?
HB Technology CO.LTD currently shows a dividend yield of 1.20% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of HB Technology CO.LTD (078150) and when is the ex-dividend date?
HB Technology CO.LTD pays a dividend of 20.00 KRW per share a year, a dividend yield of 1.2%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2016. The payout ratio is 3.6% of earnings. 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 HB Technology CO.LTD (078150)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HB Technology CO.LTD it is 1,337 KRW per share (as of Nov 8, 2026), against a price of 1,668 KRW. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is HB Technology CO.LTD stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 078150 trades above its calculated fair value: price 1,668 KRW, fair value 1,337 KRW, a gap of about −20% (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 078150?
No. The price is what the market pays today (1,668 KRW); the fair value is what the company's own numbers justify (1,337 KRW). For HB Technology CO.LTD the two are 331.37 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is HB Technology CO.LTD worth?
The market values HB Technology CO.LTD at about 148B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 1,668 KRW; our models calculate a fair value of 1,337 KRW per share.
What do the bullish and bearish scenarios say about 078150?
Our models span a range for HB Technology CO.LTD: cautious scenario 1,265 KRW, base 1,337 KRW, optimistic 1,475 KRW per share (as of Nov 8, 2026, price 1,668 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 078150?
HB Technology CO.LTD trades at a price-to-earnings ratio of 3.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,337 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 13.6. Other multiples: P/B 0.5, P/S 1.0, EV/EBITDA 10.8.
How solid is the balance sheet of HB Technology CO.LTD (078150)?
Balance-sheet figures for HB Technology CO.LTD (as of Nov 8, 2026): return on equity 17.1%, debt of 0.05 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 078150 from its 52-week high?
HB Technology CO.LTD trades at 1,668 KRW, about 66% below its 52-week high of 4,965 KRW and 4% above the low of 1,601 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 1,337 KRW is for.
Which stocks are comparable to HB Technology CO.LTD?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, 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 HB Technology CO.LTD stock attractive at the current price?
The data as of Nov 8, 2026: price 1,668 KRW, calculated fair value 1,337 KRW (−20%), Quality Score 50/100, from 15 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 078150 calculated?
We run HB Technology CO.LTD through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,337 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. HB Technology 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 HB Technology CO.LTD (078150)?
The closing price on Nov 9, 2026 was 1,668 KRW. Our model-based fair value is 1,337 KRW, about 20% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HB Technology CO.LTD right now?
The price sits above even our optimistic bull case (1,475 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of HB Technology CO.LTD
How large is the market capitalisation of HB Technology CO.LTD (078150)?
The market capitalisation of HB Technology CO.LTD is 148B KRW (≈ $109M). 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 HB Technology CO.LTD (078150)?
The price-to-sales ratio of HB Technology CO.LTD is 0.97 (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 HB Technology CO.LTD (078150)?
Earnings per share at HB Technology CO.LTD are 554.03 KRW (price ÷ EPS = P/E 3.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HB Technology CO.LTD (078150)?
The dividend yield of HB Technology CO.LTD is 1.2% (payout 3.6%). 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 HB Technology CO.LTD (078150)?
The net margin of HB Technology CO.LTD is 32.2% (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 HB Technology CO.LTD (078150)?
The return on equity (ROE) of HB Technology CO.LTD is 17.1% (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 HB Technology CO.LTD (078150)?
On an EBIT basis the return on assets of HB Technology CO.LTD 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 HB Technology CO.LTD (078150)?
The operating margin of HB Technology CO.LTD is 1.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HB Technology CO.LTD (078150)?
Revenue at HB Technology CO.LTD is growing −32.5% versus a year earlier. 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 HB Technology CO.LTD (078150)?
Earnings per share at HB Technology CO.LTD are growing +38.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HB Technology CO.LTD (078150) generate?
The free cash flow of HB Technology CO.LTD is −7.9B 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 HB Technology CO.LTD (078150) carry?
The net debt of HB Technology CO.LTD is 17.9B 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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Some data
Nov 8, 2026