Hizeaero Co. Ltd (221840) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hizeaero Co. Ltd stock KRW 2,320, price KRW 1,927, upside +20.4%, quality 57 out of 100. Rating: 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 3, 2026.
How to read this chart
60‑month range 1,243 KRW – 6,810 KRW · fair‑value band 1,660 KRW – 2,900 KRW · the 1,927 KRW price screens below the 2,320 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Hizeaero Co., Ltd. engages in the manufacture and sale of aerospace structures and systems for aerospace market in South Korea. It offers aerostructure assembly services; part fabrication services, such as equipment, machining, sheet metal, and surface treatment; and tooling services.
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The company was founded in 1999 and is based in Sacheon-si, South Korea.
Stock analysis
Hizeaero Co. Ltd (221840) currently trades at 1,927 KRW, while our model-based Fair Value estimate is 2,320 KRW, implying the stock looks roughly 17% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 3,373 KRW per share, and 14 of the 26 models we run sit above the 1,927 KRW price.
Bear case: the Earnings-Based group reads lowest at 946.81 KRW, and 12 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 1,660 KRW (bear) to 2,900 KRW (bull), the price of 1,927 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 57/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hizeaero Co. Ltd reported revenue of 84.6B KRW in FY2025 versus 62.6B KRW in FY2021, a compound +7.8%/yr. Reported net income was 2.1B KRW in FY2025.
Key figures
Market cap 36.0B KRW (≈ $26.6M) Micro · P/E ratio 9.4 · P/S ratio 0.38 · EPS (TTM) 208.55 KRW · Dividend yield 0.1% · Net margin 4.2% · Return on equity 8.0% · Return on assets (EBIT) −5.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −23% fair-value upside, at 20%, 221840 screens cheaper than that median.
Fair Value models
Bear1,660 KRWFair Value 2,320 KRWBull2,900 KRW
Price 1,927 KRW · Upside +20.4%
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 (178.84 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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.2%
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.
+12.9%
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.
+9.8%
Start year 2020 (pandemic). Over 10 years: +10.6% a year
Revenue growth 10 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.
+10.6%
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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.
−12.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.9%
Dividend (yield on the price)0.1%
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.−7% → 5%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+10.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +8.1% 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 sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Aerospace & Defense” was too small, so the broader sector is used.)Industrials · 5334 stocks
Beats the sector median on 10/14 measures
Overall it ranks above its sector peers.
Valuation
Quality Score57 · Above median
Fair Value upside+20.4% · Above median
Profitability
Return on equity (12 months)8.0% · Above median
Return on assets1.8% · Below median
Net margin (12 months)4.2% · Below median
Operating margin (12 months)9.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)44.4% · Top 25%
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.97× · Highest 25%
Valuation Multiplesvs Industrials median · lower = cheaper
P/E (12 months)9.4× · Cheapest 25%
P/B0.87× · Cheapest 25%
P/S (12 months)0.38× · Cheapest 25%
Price / free cash flow (fiscal year)9.1× · Cheaper than median
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Is Hizeaero Co. Ltd (221840) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 2,320 KRW versus a price of 1,927 KRW, about +20% upside (undervalued).
What is the fair value of 221840?
Our model-based fair value for Hizeaero Co. Ltd is 2,320 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 1,927 KRW.
What is the quality score of 221840?
Hizeaero Co. Ltd has a Quality Score of 57/100. 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 Hizeaero Co. Ltd (221840)?
Our model-based price target is the fair value of 2,320 KRW (as of Nov 3, 2026) from 26 valuation models. Cautious scenario 1,660 KRW, optimistic scenario 2,900 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hizeaero Co. Ltd stock forecast for 2026?
Our models put fair value at 2,320 KRW, about +20% upside versus a price of 1,927 KRW (undervalued). Cautious scenario 1,660 KRW, optimistic scenario 2,900 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hizeaero Co. Ltd (221840)?
Hizeaero Co. Ltd reported trailing-twelve-month revenue of about 93.8B KRW (latest available figure, as of Nov 3, 2026).
Does Hizeaero Co. Ltd pay a dividend?
Hizeaero Co. Ltd currently shows a dividend yield of 0.08% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Hizeaero Co. Ltd (221840)?
Hizeaero Co. Ltd has a dividend yield of 0.1%.
What growth is priced into Hizeaero Co. Ltd (221840)?
For today's price to be fair in a discounted-cash-flow model, Hizeaero Co. Ltd would have to grow free cash flow by +10.3 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.8 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 221840 use?
Our models discount Hizeaero Co. Ltd at 9.6 %: a base by market capitalisation (nano), damped by beta 0.78, 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 Hizeaero Co. Ltd that is +10.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Hizeaero Co. Ltd (221840) delivered so far?
Over the past 5 years revenue at Hizeaero Co. Ltd grew +9.8 % a year. The price currently implies free-cash-flow growth of +10.3 % 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 Hizeaero Co. Ltd (221840) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Hizeaero Co. Ltd (+10.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hizeaero Co. Ltd (221840)?
The free-cash-flow yield on the price is 10.94 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Hizeaero Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hizeaero Co. Ltd (221840)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hizeaero Co. Ltd it is 2,320 KRW per share (as of Nov 3, 2026), against a price of 1,927 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 Hizeaero Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 221840 trades below its calculated fair value: price 1,927 KRW, fair value 2,320 KRW, a gap of about +20% (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 221840?
No. The price is what the market pays today (1,927 KRW); the fair value is what the company's own numbers justify (2,320 KRW). For Hizeaero Co. Ltd the two are 393.08 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hizeaero Co. Ltd worth?
The market values Hizeaero Co. Ltd at about 36.0B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 1,927 KRW; our models calculate a fair value of 2,320 KRW per share.
What do the bullish and bearish scenarios say about 221840?
Our models span a range for Hizeaero Co. Ltd: cautious scenario 1,660 KRW, base 2,320 KRW, optimistic 2,900 KRW per share (as of Nov 3, 2026, price 1,927 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 221840?
Hizeaero Co. Ltd trades at a price-to-earnings ratio of 9.4 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2,320 KRW is built from several models across several years. Other multiples: P/B 0.9, P/S 0.4, EV/EBITDA 7.0.
How solid is the balance sheet of Hizeaero Co. Ltd (221840)?
Balance-sheet figures for Hizeaero Co. Ltd (as of Nov 3, 2026): return on equity 8.0%, debt of 0.97 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 221840 from its 52-week high?
Hizeaero Co. Ltd trades at 1,927 KRW, about 39% below its 52-week high of 3,155 KRW and 11% above the low of 1,743 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2,320 KRW is for.
Which stocks are comparable to Hizeaero Co. Ltd?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin 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 Hizeaero Co. Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price 1,927 KRW, calculated fair value 2,320 KRW (+20%), Quality Score 57/100, 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 221840 calculated?
We run Hizeaero Co. Ltd 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 2,320 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. Hizeaero Co. Ltd currently trades 17% 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 Hizeaero Co. Ltd (221840)?
The closing price on Nov 6, 2026 was 1,927 KRW. Our model-based fair value is 2,320 KRW, about +20% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hizeaero Co. Ltd right now?
Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Hizeaero Co. Ltd
How large is the market capitalisation of Hizeaero Co. Ltd (221840)?
The market capitalisation of Hizeaero Co. Ltd is 36.0B KRW (≈ $26.6M). 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 Hizeaero Co. Ltd (221840)?
The price-to-sales ratio of Hizeaero Co. Ltd is 0.38 (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 Hizeaero Co. Ltd (221840)?
Earnings per share at Hizeaero Co. Ltd are 208.55 KRW (price ÷ EPS = P/E 9.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hizeaero Co. Ltd (221840)?
The dividend yield of Hizeaero Co. Ltd is 0.1% (payout 0.7%). 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 Hizeaero Co. Ltd (221840)?
The net margin of Hizeaero Co. Ltd is 4.2% (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 Hizeaero Co. Ltd (221840)?
The return on equity (ROE) of Hizeaero Co. Ltd is 8.0% (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 Hizeaero Co. Ltd (221840)?
On an EBIT basis the return on assets of Hizeaero Co. Ltd is −5.2% (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 Hizeaero Co. Ltd (221840)?
The operating margin of Hizeaero Co. Ltd is 9.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hizeaero Co. Ltd (221840)?
Revenue at Hizeaero Co. Ltd is growing +44.4% versus a year earlier (3y avg +12.9%). 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 Hizeaero Co. Ltd (221840)?
Earnings per share at Hizeaero Co. Ltd are growing +297% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hizeaero Co. Ltd (221840) carry?
The net debt of Hizeaero Co. Ltd is 42.1B KRW (fiscal year 2025, ≈ 10.7 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 3, 2026