Hana Financial 7 SPAC (230240) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Hana Financial 7 SPAC stock KRW 5,058, price KRW 9,620, that is 47.4% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 2 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 7,363 KRW – 38,724 KRW · fair‑value band 3,301 KRW – 6,815 KRW · the 9,620 KRW price screens above the 5,058 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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HFR, Inc. provides digital infrastructure solutions for telco/enterprise markets in the field of wired and wireless access in South Korea.
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The company offers mobile access solutions, such as flexi-haul WDM xHaul, semi-passive WDM xHaul, packet xHaul, distributed antenna systems, and carrier ethernet switches.
It also provides broadband access solutions, including FTTH, FTTB+LAN, and FTTB+G solutions; and private 5G solutions comprising BSS/OSS, vCore, vRAN, and vertical applications for digital transformation in enterprises and industries.
In addition, the company offers 5G-PON; OLT, PON OLT, OLT, PON OLT, ONU/MDU, PON ONU, CPE, Home CPE, Wi-Fi AP, and PoE and TNS Switch; and 5G SA Network products. HFR, Inc. was founded in 2000 and is based in Seongnam-si, South Korea.
Stock analysis
Hana Financial 7 SPAC (230240) currently trades at 9,620 KRW, while our model-based Fair Value estimate is 5,058 KRW, 47% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 86/100, which puts the data coverage at low.
Scenario range: 3,301 KRW (bear) to 6,815 KRW (bull), the price of 9,620 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 48/100 (below-average 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 Financial 7 SPAC reported revenue of 142B KRW in FY2025 versus 206B KRW in FY2021, a compound −8.9%/yr. Reported net income was −309M KRW in FY2025.
Key figures
Market cap 125B KRW (≈ $92.2M) Micro · P/E ratio 20.6 · P/S ratio 0.97 · EPS (TTM) 455.59 KRW · Dividend yield 2.2% · Net margin −0.2% · Return on equity −5.2% · Return on assets (EBIT) 5.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (low confidence).
What moves the price
The share trades about 75% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −47%, 230240 screens richer than that median.
Fair Value models
Bear3,301 KRWFair Value 5,058 KRWBull6,815 KRW
Price 9,620 KRW · Downside -47.4%
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 (390.69 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.24/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−9.6%
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.
−27.1%
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.
+9.0%
Start year 2020 (pandemic)
Revenue growth 8 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.
+1.0%
’17
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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.
−28.6% (2020) → −1.1% (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
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.Communication Equipment · 300 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−47.4% · Below median
Profitability
Return on assets−0.1% · Below median
Net margin (12 months)4.0% · Below median
Operating margin (12 months)−2.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)3.6% · Below median
Dividend yield (12 months)2.2% · Above median
Balance sheet
Debt / equity0.23× · Highest 25%
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/E (12 months)20.6× · Cheaper than median
P/B0.88× · Cheapest 25%
P/S (12 months)0.94× · Cheaper than median
EV/EBITDA13.2× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)18· sector 57
PAST (return on equity)0· sector 21
HEALTH (low debt)88· sector 98
DIVIDEND (yield)45· sector 25
VALUE 0: the price sits above our fair-value range.
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 Hana Financial 7 SPAC (230240) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 5,058 KRW versus a price of 9,620 KRW, about 47% lower (overvalued).
What is the fair value of 230240?
Our model-based fair value for Hana Financial 7 SPAC is 5,058 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 9,620 KRW.
What is the quality score of 230240?
Hana Financial 7 SPAC has a Quality Score of 48/100. 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 Financial 7 SPAC (230240)?
Our model-based price target is the fair value of 5,058 KRW (as of Nov 9, 2026) from 2 valuation models. Cautious scenario 3,301 KRW, optimistic scenario 6,815 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hana Financial 7 SPAC stock forecast for 2026?
Our models put fair value at 5,058 KRW, about 47% lower versus a price of 9,620 KRW (overvalued). Cautious scenario 3,301 KRW, optimistic scenario 6,815 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hana Financial 7 SPAC (230240)?
Hana Financial 7 SPAC reported trailing-twelve-month revenue of about 133B KRW (latest available figure, as of Nov 9, 2026).
Does Hana Financial 7 SPAC pay a dividend?
Hana Financial 7 SPAC currently shows a dividend yield of 2.25% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Hana Financial 7 SPAC (230240)?
Hana Financial 7 SPAC has a dividend yield of 2.2%.
What is the intrinsic value of Hana Financial 7 SPAC (230240)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hana Financial 7 SPAC it is 5,058 KRW per share (as of Nov 9, 2026), against a price of 9,620 KRW. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Hana Financial 7 SPAC stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 230240 trades above its calculated fair value: price 9,620 KRW, fair value 5,058 KRW, a gap of about −47% (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 230240?
No. The price is what the market pays today (9,620 KRW); the fair value is what the company's own numbers justify (5,058 KRW). For Hana Financial 7 SPAC the two are 4,562 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hana Financial 7 SPAC worth?
The market values Hana Financial 7 SPAC at about 125B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 9,620 KRW; our models calculate a fair value of 5,058 KRW per share.
What do the bullish and bearish scenarios say about 230240?
Our models span a range for Hana Financial 7 SPAC: cautious scenario 3,301 KRW, base 5,058 KRW, optimistic 6,815 KRW per share (as of Nov 9, 2026, price 9,620 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 230240?
Hana Financial 7 SPAC trades at a price-to-earnings ratio of 20.6 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 5,058 KRW is built from several models across several years. Other multiples: P/B 0.9, P/S 0.9, EV/EBITDA 13.2.
How solid is the balance sheet of Hana Financial 7 SPAC (230240)?
Balance-sheet figures for Hana Financial 7 SPAC (as of Nov 9, 2026): return on equity −5.2%, debt of 0.23 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 230240 from its 52-week high?
Hana Financial 7 SPAC trades at 9,620 KRW, about 75% below its 52-week high of 38,050 KRW and 5% above the low of 9,160 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 5,058 KRW is for.
Which stocks are comparable to Hana Financial 7 SPAC?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, Inc, 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 Financial 7 SPAC stock attractive at the current price?
The data as of Nov 9, 2026: price 9,620 KRW, calculated fair value 5,058 KRW (−47%), Quality Score 48/100, from 2 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 230240 calculated?
We run Hana Financial 7 SPAC through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of 5,058 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. Hana Financial 7 SPAC 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 Hana Financial 7 SPAC (230240)?
The closing price on Nov 9, 2026 was 9,620 KRW. Our model-based fair value is 5,058 KRW, about 47% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hana Financial 7 SPAC right now?
The price sits above even our optimistic bull case (6,815 KRW). The favourable scenario is already priced in. Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 (3,301 KRW to 6,815 KRW) leaves room in how you read the outcome.
Key figures of Hana Financial 7 SPAC
How large is the market capitalisation of Hana Financial 7 SPAC (230240)?
The market capitalisation of Hana Financial 7 SPAC is 125B KRW (≈ $92.2M). 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 Financial 7 SPAC (230240)?
The price-to-sales ratio of Hana Financial 7 SPAC 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 Hana Financial 7 SPAC (230240)?
Earnings per share at Hana Financial 7 SPAC are 455.59 KRW (price ÷ EPS = P/E 20.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hana Financial 7 SPAC (230240)?
The dividend yield of Hana Financial 7 SPAC is 2.2% (payout 47.5%). 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 Financial 7 SPAC (230240)?
The net margin of Hana Financial 7 SPAC is −0.2% (fiscal year 2025). 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 Financial 7 SPAC (230240)?
The return on equity (ROE) of Hana Financial 7 SPAC is −5.2% (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 Financial 7 SPAC (230240)?
On an EBIT basis the return on assets of Hana Financial 7 SPAC is 5.8% (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 Financial 7 SPAC (230240)?
The operating margin of Hana Financial 7 SPAC is −2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hana Financial 7 SPAC (230240)?
Revenue at Hana Financial 7 SPAC is growing +3.6% versus a year earlier (3y avg −27.1%). 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 Financial 7 SPAC (230240)?
Earnings per share at Hana Financial 7 SPAC are growing −87.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hana Financial 7 SPAC (230240) generate?
The free cash flow of Hana Financial 7 SPAC is −17.6B 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 Hana Financial 7 SPAC (230240) carry?
The net debt of Hana Financial 7 SPAC is 25.7B 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 9, 2026