Hana Materials Inc (166090) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hana Materials Inc stock KRW 40,706, price KRW 36,700, upside +10.9%, quality 64 out of 100. Rating: fairly valued. 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 7, 2026.
How to read this chart
60‑month range 21,516 KRW – 81,100 KRW · fair‑value band 26,994 KRW – 52,917 KRW · the 36,700 KRW price screens below the 40,706 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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Hana Materials Inc. manufactures and sells silicon electrodes and rings in South Korea. The company offers silicon ceramic parts, ingots, and other parts. It also develops, produces, and sells secondary battery materials. In addition, the company offers integrated system solutions.
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The company was formerly known as Hana Silicon Co., Ltd. and changed its name to Hana Materials Inc. in May 2013. Hana Materials Inc. was founded in 2007 and is headquartered in Cheonan-si, South Korea. The company is a subsidiary of HANA Micron Inc.
Stock analysis
Hana Materials Inc (166090) currently trades at 36,700 KRW, while our model-based Fair Value estimate is 40,706 KRW, so the stock looks roughly fairly valued today (gap 9.8%).
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Valuation
Bull case: the Multiples group reads highest at a median of 55,472 KRW per share, and 11 of the 26 models we run sit above the 36,700 KRW price.
Bear case: the Asset-Based group reads lowest at 15,902 KRW, and 15 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 26,994 KRW (bear) to 52,917 KRW (bull), the price of 36,700 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 64/100 (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.
Hana Materials Inc reported revenue of 273B KRW in FY2025 versus 271B KRW in FY2021, a compound +0.2%/yr. Reported net income was 38.4B KRW in FY2025, compounding −12.9%/yr from FY2021.
Key figures
Market cap 703B KRW (≈ $515M) Small · P/E ratio 10.7 · P/S ratio 2.10 · EPS (TTM) 3,328 KRW · Dividend yield 0.8% · Net margin 19.2% · Return on equity 13.1% · Return on assets (EBIT) 11.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 55% 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 11%, 166090 screens cheaper than that median.
Fair Value models
Bear26,994 KRWFair Value 40,706 KRWBull52,917 KRW
Price 36,700 KRW · Upside +10.9%
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 (2,588 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.
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
+8.7%
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.
−3.8%
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.
+6.4%
Start year 2020 (pandemic)
Revenue growth 9 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.
+18.1%
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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.
+1.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.3%
Dividend (yield on the price)0.8%
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.0.3% vs 12.6%, 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.26% → 18%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes more 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).
+11.6%
Yearly growth needed for the next five years to justify today's price.
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.
+21.2%
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 +9.4% a year for the price and +18.7% 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.Semiconductor Equipment & Materials · 235 stocks
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Is Hana Materials Inc (166090) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 40,706 KRW versus a price of 36,700 KRW, about +11% upside (fairly valued).
What is the fair value of 166090?
Our model-based fair value for Hana Materials Inc is 40,706 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 36,700 KRW.
What is the quality score of 166090?
Hana Materials Inc has a Quality Score of 64/100. 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 Hana Materials Inc (166090)?
Our model-based price target is the fair value of 40,706 KRW (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 26,994 KRW, optimistic scenario 52,917 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hana Materials Inc stock forecast for 2026?
Our models put fair value at 40,706 KRW, about +11% upside versus a price of 36,700 KRW (fairly valued). Cautious scenario 26,994 KRW, optimistic scenario 52,917 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hana Materials Inc (166090)?
Hana Materials Inc reported trailing-twelve-month revenue of about 334B KRW (latest available figure, as of Nov 7, 2026).
Does Hana Materials Inc pay a dividend?
Hana Materials Inc currently shows a dividend yield of 0.82% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Hana Materials Inc (166090) and when is the ex-dividend date?
Hana Materials Inc pays a dividend of 300.00 KRW per share a year, a dividend yield of 0.8%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2017. The payout ratio is 9.0% of earnings. Free cash flow covers the dividend 8.33 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Hana Materials Inc (166090)?
For today's price to be fair in a discounted-cash-flow model, Hana Materials Inc would have to grow free cash flow by +11.6 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.4 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 166090 use?
Our models discount Hana Materials Inc at 12.1 %: a base by market capitalisation (small), damped by beta 1.17, 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 Hana Materials Inc that is +11.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has Hana Materials Inc (166090) delivered so far?
Over the past 5 years revenue at Hana Materials Inc grew +6.4 % a year. The price currently implies free-cash-flow growth of +11.6 % 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 Hana Materials Inc (166090) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Hana Materials Inc (+11.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hana Materials Inc (166090)?
The free-cash-flow yield on the price is 6.81 %: that much free cash flow Hana Materials Inc produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hana Materials Inc (166090)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hana Materials Inc it is 40,706 KRW per share (as of Nov 7, 2026), against a price of 36,700 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 Hana Materials Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 166090 trades below its calculated fair value: price 36,700 KRW, fair value 40,706 KRW, a gap of about +11% (fairly valued). 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 166090?
No. The price is what the market pays today (36,700 KRW); the fair value is what the company's own numbers justify (40,706 KRW). For Hana Materials Inc the two are 4,006 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hana Materials Inc worth?
The market values Hana Materials Inc at about 703B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 36,700 KRW; our models calculate a fair value of 40,706 KRW per share.
What do the bullish and bearish scenarios say about 166090?
Our models span a range for Hana Materials Inc: cautious scenario 26,994 KRW, base 40,706 KRW, optimistic 52,917 KRW per share (as of Nov 7, 2026, price 36,700 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 166090?
Hana Materials Inc trades at a price-to-earnings ratio of 10.7 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 40,706 KRW is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings, FY2025 ex one-offs: 14.3. Other multiples: P/B 1.5, P/S 2.1, EV/EBITDA 6.3.
How solid is the balance sheet of Hana Materials Inc (166090)?
Balance-sheet figures for Hana Materials Inc (as of Nov 7, 2026): return on equity 13.1%, debt of 0.14 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 166090 from its 52-week high?
Hana Materials Inc trades at 36,700 KRW, about 55% below its 52-week high of 81,100 KRW and at the low of 36,700 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 40,706 KRW is for.
Which stocks are comparable to Hana Materials Inc?
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 Hana Materials Inc stock attractive at the current price?
The data as of Nov 7, 2026: price 36,700 KRW, calculated fair value 40,706 KRW (+11%), Quality Score 64/100, 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 166090 calculated?
We run Hana Materials 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 40,706 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 13.0% above its aggregate fair value. Hana Materials Inc currently trades 10% 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 Hana Materials Inc (166090)?
The closing price on Nov 6, 2026 was 36,700 KRW. Our model-based fair value is 40,706 KRW, about +11% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hana Materials Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (26,994 KRW to 52,917 KRW) leaves room in how you read the outcome.
Key figures of Hana Materials Inc
How large is the market capitalisation of Hana Materials Inc (166090)?
The market capitalisation of Hana Materials Inc is 703B KRW (≈ $515M). 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 Hana Materials Inc (166090)?
The price-to-sales ratio of Hana Materials Inc is 2.10 (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 Hana Materials Inc (166090)?
Earnings per share at Hana Materials Inc are 3,328 KRW (price ÷ EPS = P/E 10.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hana Materials Inc (166090)?
The dividend yield of Hana Materials Inc is 0.8% (payout 9.0%). 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 Hana Materials Inc (166090)?
The net margin of Hana Materials Inc is 19.2% (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 Hana Materials Inc (166090)?
The return on equity (ROE) of Hana Materials Inc is 13.1% (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 Hana Materials Inc (166090)?
On an EBIT basis the return on assets of Hana Materials Inc is 11.9% (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 Hana Materials Inc (166090)?
The operating margin of Hana Materials Inc is 28.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hana Materials Inc (166090)?
Revenue at Hana Materials Inc is growing +40.6% versus a year earlier (3y avg −3.8%). 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 Hana Materials Inc (166090)?
Earnings per share at Hana Materials Inc are growing +263% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hana Materials Inc (166090) carry?
The net debt of Hana Materials Inc is 95.5B KRW (fiscal year 2025, ≈ 2.0 yrs of FCF). 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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Broad data
Nov 7, 2026