HB Investment, Inc (440290) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of HB Investment, Inc stock KRW 2,902, price KRW 1,530, upside +89.7%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 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
33‑month range 1,282 KRW – 5,586 KRW · fair‑value band 1,822 KRW – 4,567 KRW · the 1,530 KRW price screens below the 2,902 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
Follow HB Investment in your weekly email
Every Wednesday you see whether HB Investment is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
HB Investment, Inc. is a venture capital and private equity firm specializing in investments in incubation, small and medium sized, early stage venture companies, growth capital and buyout deals.
Show moreShow less
The firm considers investments in the telecommunication, information technology, content, electronic components, game software, computer, telecommunications equipment, machinery, equipment, metal and non-metal, distribution, movies, manufacturing, and service sectors; and new growth industries including nanotechnology, biotechnology.
HB Investment, Inc., formerly known as Tube Investment Inc., was founded in 1999 and is based in Seoul, South Korea.
Stock analysis
HB Investment, Inc (440290) currently trades at 1,530 KRW, while our model-based Fair Value estimate is 2,902 KRW, implying the stock looks roughly 47% undervalued today.
Show more
Valuation
Bull case: the Earnings-Based group reads highest at a median of 3,959 KRW per share, and 12 of the 13 models we run sit above the 1,530 KRW price.
Bear case: the Asset-Based group reads lowest at 919.51 KRW, and 1 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: 1,822 KRW (bear) to 4,567 KRW (bull), the price of 1,530 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 55/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
HB Investment, Inc reported revenue of 17.4B KRW in FY2025 versus 11.4B KRW in FY2021, a compound +11.1%/yr. Reported net income was 6.1B KRW in FY2025, compounding +0.2%/yr from FY2021.
Key figures
Market cap 41.5B KRW (≈ $30.7M) Micro · P/E ratio 7.6 · P/S ratio 2.59 · EPS (TTM) 204.30 KRW · Dividend yield 7.8% · Net margin 35.1% · Return on equity 6.5% · Return on assets (EBIT) 13.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 90%, 440290 screens cheaper than that median.
Fair Value models
Bear1,822 KRWFair Value 2,902 KRWBull4,567 KRW
Price 1,530 KRW · Upside +89.7%
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 (72.29 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
+14.8%
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.
+3.0%
’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.
+2.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.7%
Dividend (yield on the price)7.8%
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.68% → 42%
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
−5.0%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −7.0% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Asset Management · 587 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+89.7% · Top 25%
Profitability
Return on equity (12 months)6.5% · Below median
Return on assets6.5% · Above median
Net margin (12 months)35.1% · Above median
Operating margin (12 months)66.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)−32.3% · Bottom 25%
Dividend yield (12 months)7.8% · Top 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)7.6× · Cheaper than median
P/B0.47× · Cheapest 25%
P/S (12 months)2.59× · Cheaper than median
Price / free cash flow (fiscal year)11.4× · Cheaper than median
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 HB Investment, Inc (440290) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 2,902 KRW versus a price of 1,530 KRW, about +90% upside (undervalued).
What is the fair value of 440290?
Our model-based fair value for HB Investment, Inc is 2,902 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 1,530 KRW.
What is the quality score of 440290?
HB Investment, Inc has a Quality Score of 55/100. 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 Investment, Inc (440290)?
Our model-based price target is the fair value of 2,902 KRW (as of Nov 3, 2026) from 13 valuation models. Cautious scenario 1,822 KRW, optimistic scenario 4,567 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the HB Investment, Inc stock forecast for 2026?
Our models put fair value at 2,902 KRW, about +90% upside versus a price of 1,530 KRW (undervalued). Cautious scenario 1,822 KRW, optimistic scenario 4,567 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of HB Investment, Inc (440290)?
HB Investment, Inc reported trailing-twelve-month revenue of about 16.0B KRW (latest available figure, as of Nov 3, 2026).
Does HB Investment, Inc pay a dividend?
HB Investment, Inc currently shows a dividend yield of 7.84% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of HB Investment, Inc (440290) and when is the ex-dividend date?
HB Investment, Inc pays a dividend of 120.00 KRW per share a year, a dividend yield of 7.8%. The last ex-dividend date was Dec 29, 2025. The payout ratio is 58.7% of earnings. Free cash flow covers the dividend 1.11 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 HB Investment, Inc (440290)?
For today's price to be fair in a discounted-cash-flow model, HB Investment, Inc would have to grow free cash flow by -5.0 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +11.1 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 440290 use?
Our models discount HB Investment, Inc at 8.9 %: a base by market capitalisation (nano), damped by beta 0.37, 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 HB Investment, Inc that is -5.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has HB Investment, Inc (440290) delivered so far?
Over the past 4 years revenue at HB Investment, Inc grew +11.1 % a year. The price currently implies free-cash-flow growth of -5.0 % 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 HB Investment, Inc (440290) growing?
The median revenue growth in the sector is +6.0 % a year. That is the yardstick for the growth priced into HB Investment, Inc (-5.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of HB Investment, Inc (440290)?
The free-cash-flow yield on the price is 8.80 %: that much free cash flow HB Investment, Inc produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of HB Investment, Inc (440290)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HB Investment, Inc it is 2,902 KRW per share (as of Nov 3, 2026), against a price of 1,530 KRW. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is HB Investment, Inc stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 440290 trades below its calculated fair value: price 1,530 KRW, fair value 2,902 KRW, a gap of about +90% (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 440290?
No. The price is what the market pays today (1,530 KRW); the fair value is what the company's own numbers justify (2,902 KRW). For HB Investment, Inc the two are 1,372 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is HB Investment, Inc worth?
The market values HB Investment, Inc at about 41.5B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 1,530 KRW; our models calculate a fair value of 2,902 KRW per share.
What do the bullish and bearish scenarios say about 440290?
Our models span a range for HB Investment, Inc: cautious scenario 1,822 KRW, base 2,902 KRW, optimistic 4,567 KRW per share (as of Nov 3, 2026, price 1,530 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 440290?
HB Investment, Inc trades at a price-to-earnings ratio of 7.6 (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 2,902 KRW is built from several models across several years. Other multiples: P/B 0.5, P/S 2.6, EV/EBITDA 4.8.
How solid is the balance sheet of HB Investment, Inc (440290)?
Balance-sheet figures for HB Investment, Inc (as of Nov 3, 2026): return on equity 6.5%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 440290 from its 52-week high?
HB Investment, Inc trades at 1,530 KRW, about 34% below its 52-week high of 2,302 KRW and at the low of 1,530 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2,902 KRW is for.
Which stocks are comparable to HB Investment, Inc?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, 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 HB Investment, Inc stock attractive at the current price?
The data as of Nov 3, 2026: price 1,530 KRW, calculated fair value 2,902 KRW (+90%), Quality Score 55/100, from 13 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 440290 calculated?
We run HB Investment, Inc through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 2,902 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 Investment, Inc currently trades 47% 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 HB Investment, Inc (440290)?
The closing price on Nov 6, 2026 was 1,530 KRW. Our model-based fair value is 2,902 KRW, about +90% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HB Investment, Inc right now?
The price is below even our cautious bear case (1,822 KRW). The market is more pessimistic than our downside scenario. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (1,822 KRW to 4,567 KRW) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of HB Investment, Inc
How large is the market capitalisation of HB Investment, Inc (440290)?
The market capitalisation of HB Investment, Inc is 41.5B KRW (≈ $30.7M). 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 Investment, Inc (440290)?
The price-to-sales ratio of HB Investment, Inc is 2.59 (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 Investment, Inc (440290)?
Earnings per share at HB Investment, Inc are 204.30 KRW (price ÷ EPS = P/E 7.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HB Investment, Inc (440290)?
The dividend yield of HB Investment, Inc is 7.8% (payout 58.7%). 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 HB Investment, Inc (440290)?
The net margin of HB Investment, Inc is 35.1% (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 Investment, Inc (440290)?
The return on equity (ROE) of HB Investment, Inc is 6.5% (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 Investment, Inc (440290)?
On an EBIT basis the return on assets of HB Investment, Inc is 13.2% (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 HB Investment, Inc (440290)?
The operating margin of HB Investment, Inc is 66.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HB Investment, Inc (440290)?
Revenue at HB Investment, Inc is growing −32.3% versus a year earlier (3y avg +3.0%). 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 Investment, Inc (440290)?
Earnings per share at HB Investment, Inc are growing −28.8% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch HB Investment, Inc in the live analysis
One click puts HB Investment, Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 3, 2026