Hwaseung R&A Co. Ltd. (378850) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hwaseung R&A Co. Ltd. stock KRW 7,545, price KRW 2,515, upside +200.0%, quality 51 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 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 3, 2026.
How to read this chart
60‑month range 2,515 KRW – 6,227 KRW · fair‑value band 4,993 KRW – 10,097 KRW · the 2,515 KRW price screens below the 7,545 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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Hwaseung R&A Co., Ltd. manufactures and sells automobile parts in South Korea, China, the United States, Mexico, Brazil, India, Turkey, Vietnam, and Germany.
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The company offers weather strip products, including front and rear glass molding, glass run, trunk lid, door belt inner and outer, and encapsulation, as well as hood, sun roof, fixed, door opening, door seal, and door drip weather strips.
It also provides hose products, such as air conditioning, power steering return, fuel, radiator, brake vacuum, heater, fuel filler, power steering pressure, hydraulic brake, and intercooler hoses, as well as blow molding; and industrial products.
The company was founded in 1978 and is headquartered in Yangsan-si, South Korea.
Stock analysis
Hwaseung R&A Co. Ltd. (378850) currently trades at 2,515 KRW, while our model-based Fair Value estimate is 7,545 KRW, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 25,097 KRW per share, and 23 of the 25 models we run sit above the 2,515 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,028 KRW, and 2 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: 4,993 KRW (bear) to 10,097 KRW (bull), the price of 2,515 KRW sits below 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 51/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hwaseung R&A Co. Ltd. reported revenue of 715B KRW in FY2025 versus 506B KRW in FY2021, a compound +9.0%/yr. Reported net income was 18.2B KRW in FY2025, compounding +21.7%/yr from FY2021.
Key figures
Market cap 47.8B KRW (≈ $35.3M) Micro · P/E ratio 1.4 · P/S ratio 0.06 · EPS (TTM) 1,852 KRW · Dividend yield 3.0% · Net margin 4.7% · Return on equity 21.0% · Return on assets (EBIT) 5.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 200%, 378850 screens cheaper than that median.
Fair Value models
Bear4,993 KRWFair Value 7,545 KRWBull10,097 KRW
Price 2,515 KRW · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 (1,524 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.64/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.1%
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.
+2.8%
’21
’22
’23
’24
’25
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.
+20.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.0%
Dividend (yield on the price)3.0%
Profit margin 2021 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%
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.Auto Parts · 655 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)21.0% · Top 25%
Return on assets3.8% · Above median
Net margin (12 months)4.7% · Above median
Operating margin (12 months)4.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)10.8% · Above median
Dividend yield (12 months)3.0% · Above median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Auto Parts median · lower = cheaper
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Is Hwaseung R&A Co. Ltd. (378850) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 7,545 KRW versus a price of 2,515 KRW, about +200% upside (undervalued).
What is the fair value of 378850?
Our model-based fair value for Hwaseung R&A Co. Ltd. is 7,545 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 2,515 KRW.
What is the quality score of 378850?
Hwaseung R&A Co. Ltd. has a Quality Score of 51/100. 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 Hwaseung R&A Co. Ltd. (378850)?
Our model-based price target is the fair value of 7,545 KRW (as of Nov 3, 2026) from 25 valuation models. Cautious scenario 4,993 KRW, optimistic scenario 10,097 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hwaseung R&A Co. Ltd. stock forecast for 2026?
Our models put fair value at 7,545 KRW, about +200% upside versus a price of 2,515 KRW (undervalued). Cautious scenario 4,993 KRW, optimistic scenario 10,097 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hwaseung R&A Co. Ltd. (378850)?
Hwaseung R&A Co. Ltd. reported trailing-twelve-month revenue of about 746B KRW (latest available figure, as of Nov 3, 2026).
Does Hwaseung R&A Co. Ltd. pay a dividend?
Hwaseung R&A Co. Ltd. currently shows a dividend yield of 2.98% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Hwaseung R&A Co. Ltd. (378850) and when is the ex-dividend date?
Hwaseung R&A Co. Ltd. pays a dividend of 75.00 KRW per share a year, a dividend yield of 3.0%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2021. The payout ratio is 4.0% of earnings. Free cash flow covers the dividend 21.88 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What is the intrinsic value of Hwaseung R&A Co. Ltd. (378850)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hwaseung R&A Co. Ltd. it is 7,545 KRW per share (as of Nov 3, 2026), against a price of 2,515 KRW. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hwaseung R&A Co. Ltd. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 378850 trades below its calculated fair value: price 2,515 KRW, fair value 7,545 KRW, a gap of about +200% (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 378850?
No. The price is what the market pays today (2,515 KRW); the fair value is what the company's own numbers justify (7,545 KRW). For Hwaseung R&A Co. Ltd. the two are 5,030 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hwaseung R&A Co. Ltd. worth?
The market values Hwaseung R&A Co. Ltd. at about 47.8B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 2,515 KRW; our models calculate a fair value of 7,545 KRW per share.
What do the bullish and bearish scenarios say about 378850?
Our models span a range for Hwaseung R&A Co. Ltd.: cautious scenario 4,993 KRW, base 7,545 KRW, optimistic 10,097 KRW per share (as of Nov 3, 2026, price 2,515 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 378850?
Hwaseung R&A Co. Ltd. trades at a price-to-earnings ratio of 1.4 (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 7,545 KRW is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 3.4. Other multiples: P/B 0.3, P/S 0.1, EV/EBITDA 0.7.
How solid is the balance sheet of Hwaseung R&A Co. Ltd. (378850)?
Balance-sheet figures for Hwaseung R&A Co. Ltd. (as of Nov 3, 2026): return on equity 21.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 378850 from its 52-week high?
Hwaseung R&A Co. Ltd. trades at 2,515 KRW, about 36% below its 52-week high of 3,920 KRW and at the low of 2,515 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 7,545 KRW is for.
Which stocks are comparable to Hwaseung R&A Co. Ltd.?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Hwaseung R&A Co. Ltd. stock attractive at the current price?
The data as of Nov 3, 2026: price 2,515 KRW, calculated fair value 7,545 KRW (+200%), Quality Score 51/100, from 25 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 378850 calculated?
We run Hwaseung R&A Co. Ltd. through 25 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 7,545 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. Hwaseung R&A Co. Ltd. currently trades 67% 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 Hwaseung R&A Co. Ltd. (378850)?
The closing price on Nov 6, 2026 was 2,515 KRW. Our model-based fair value is 7,545 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hwaseung R&A Co. Ltd. right now?
The price is below even our cautious bear case (4,993 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (4,993 KRW to 10,097 KRW) leaves room in how you read the outcome.
Key figures of Hwaseung R&A Co. Ltd.
How large is the market capitalisation of Hwaseung R&A Co. Ltd. (378850)?
The market capitalisation of Hwaseung R&A Co. Ltd. is 47.8B KRW (≈ $35.3M). 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 Hwaseung R&A Co. Ltd. (378850)?
The price-to-sales ratio of Hwaseung R&A Co. Ltd. is 0.06 (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 Hwaseung R&A Co. Ltd. (378850)?
Earnings per share at Hwaseung R&A Co. Ltd. are 1,852 KRW (price ÷ EPS = P/E 1.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hwaseung R&A Co. Ltd. (378850)?
The dividend yield of Hwaseung R&A Co. Ltd. is 3.0% (payout 4.0%). 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 Hwaseung R&A Co. Ltd. (378850)?
The net margin of Hwaseung R&A Co. Ltd. is 4.7% (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 Hwaseung R&A Co. Ltd. (378850)?
The return on equity (ROE) of Hwaseung R&A Co. Ltd. is 21.0% (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 Hwaseung R&A Co. Ltd. (378850)?
On an EBIT basis the return on assets of Hwaseung R&A Co. Ltd. is 5.1% (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 Hwaseung R&A Co. Ltd. (378850)?
The operating margin of Hwaseung R&A Co. Ltd. is 4.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hwaseung R&A Co. Ltd. (378850)?
Revenue at Hwaseung R&A Co. Ltd. is growing +10.8% versus a year earlier (3y avg +2.8%). 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 Hwaseung R&A Co. Ltd. (378850)?
Earnings per share at Hwaseung R&A Co. Ltd. are growing +115% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hwaseung R&A Co. Ltd. (378850) generate?
The free cash flow of Hwaseung R&A Co. Ltd. is 31.2B 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 Hwaseung R&A Co. Ltd. (378850) carry?
The net debt of Hwaseung R&A Co. Ltd. is 127B KRW (fiscal year 2025, ≈ 4.1 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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Thin data
Nov 3, 2026