Hanwha Galleria Corp. (452260) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Hanwha Galleria Corp. stock KRW 376, price KRW 2,055, that is 81.7% below the price, quality 41 out of 100. Rating: strongly overvalued. Calculated from audited financials with 21 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 5, 2026.
How to read this chart
43‑month range 1,005 KRW – 3,640 KRW · fair‑value band 282.08 KRW – 470.13 KRW · the 2,055 KRW price screens above the 376.10 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Hanwha Galleria Corporation operates luxury department stores in South Korea. It operates department stores under the Gwanggyo store, Luxury Hall East, Time World, Luxury Hall West, Centercity, and Jinju brand names.
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The company also offers men's clothing, shoes, bags, tailormade items, and accessories under the g.street494 homme brand; and luxurious menswear under the Stefano Ricci brand name.
In addition, it operates a store under the Gourmet 494 brand that offers organic food, groceries, food and beverages, organic rice, sesame oil/perilla oil, organic sesame oil/perilla oil, soybean, pyeongEggs, organic grass-fed milk, and fermented vinegar; and a winery under the Vino 494 Classic brand name.
Hanwha Galleria Corporation was formerly known as Hanwha Stores Co., Ltd. and changed its name to Hanwha Galleria Corporation in 2007. The company was founded in 1975 and is headquartered in Seoul, South Korea.
Stock analysis
Hanwha Galleria Corp. (452260) currently trades at 2,055 KRW, while our model-based Fair Value estimate is 376.10 KRW, 82% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 2,808 KRW per share, and 6 of the 21 models we run sit above the 2,055 KRW price.
Bear case: the Earnings-Based group reads lowest at 180.19 KRW, and 15 of the 21 models stay below the price. Data coverage for this calculation is low.
Scenario range: 282.08 KRW (bear) to 470.13 KRW (bull), the price of 2,055 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 41/100 (below-average quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hanwha Galleria Corp. reported revenue of 575B KRW in FY2025 versus 434B KRW in FY2023, a compound +15.1%/yr. Reported net income was 3.3B KRW in FY2025.
Key figures
Market cap 397B KRW (≈ $293M) Micro · P/E ratio 14.9 · P/S ratio 0.67 · EPS (TTM) 134.22 KRW · Net margin 4.4% · Return on equity 3.2% · Return on assets (EBIT) 0.4% (3-year average) · Operating margin 10.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (medium confidence).
What moves the price
The share trades about 44% below its 52-week high and 98% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at −82%, 452260 screens richer than that median.
Fair Value models
Bear282.08 KRWFair Value 376.10 KRWBull470.13 KRW
Price 2,055 KRW · Downside -81.7%
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 (115.09 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.68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+47.1%
Yearly growth needed for the next five years to justify today's price.
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 +44.1% 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 industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Department Stores · 104 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−81.7% · Bottom 25%
Profitability
Return on equity (12 months)3.2% · Below median
Return on assets0.2% · Below median
Net margin (12 months)4.4% · Above median
Operating margin (12 months)10.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)18.9% · Top 25%
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Department Stores median · lower = cheaper
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Is Hanwha Galleria Corp. (452260) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 376.10 KRW versus a price of 2,055 KRW, about 82% lower (overvalued).
What is the fair value of 452260?
Our model-based fair value for Hanwha Galleria Corp. is 376.10 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 2,055 KRW.
What is the quality score of 452260?
Hanwha Galleria Corp. has a Quality Score of 41/100. 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 Hanwha Galleria Corp. (452260)?
Our model-based price target is the fair value of 376.10 KRW (as of Nov 5, 2026) from 21 valuation models. Cautious scenario 282.08 KRW, optimistic scenario 470.13 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hanwha Galleria Corp. stock forecast for 2026?
Our models put fair value at 376.10 KRW, about 82% lower versus a price of 2,055 KRW (overvalued). Cautious scenario 282.08 KRW, optimistic scenario 470.13 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hanwha Galleria Corp. (452260)?
Hanwha Galleria Corp. reported trailing-twelve-month revenue of about 596B KRW (latest available figure, as of Nov 5, 2026).
What growth is priced into Hanwha Galleria Corp. (452260)?
For today's price to be fair in a discounted-cash-flow model, Hanwha Galleria Corp. would have to grow free cash flow by +47.1 % per year for five years (discount rate 13.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +15.1 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 452260 use?
Our models discount Hanwha Galleria Corp. at 13.6 %: a base by market capitalisation (small), damped by beta 1.66, 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 Hanwha Galleria Corp. that is +47.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.6 %) and the same formula as our fair value.
How much growth has Hanwha Galleria Corp. (452260) delivered so far?
Over the past 2 years revenue at Hanwha Galleria Corp. grew +15.1 % a year. The price currently implies free-cash-flow growth of +47.1 % 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 Hanwha Galleria Corp. (452260) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Hanwha Galleria Corp. (+47.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hanwha Galleria Corp. (452260)?
The free-cash-flow yield on the price is 2.01 %: that much free cash flow Hanwha Galleria Corp. produces per unit of market value. When it exceeds the discount rate of our models (13.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hanwha Galleria Corp. (452260)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hanwha Galleria Corp. it is 376.10 KRW per share (as of Nov 5, 2026), against a price of 2,055 KRW. It is the blended result of 21 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hanwha Galleria Corp. stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 452260 trades above its calculated fair value: price 2,055 KRW, fair value 376.10 KRW, a gap of about −82% (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 452260?
No. The price is what the market pays today (2,055 KRW); the fair value is what the company's own numbers justify (376.10 KRW). For Hanwha Galleria Corp. the two are 1,679 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hanwha Galleria Corp. worth?
The market values Hanwha Galleria Corp. at about 397B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 2,055 KRW; our models calculate a fair value of 376.10 KRW per share.
What do the bullish and bearish scenarios say about 452260?
Our models span a range for Hanwha Galleria Corp.: cautious scenario 282.08 KRW, base 376.10 KRW, optimistic 470.13 KRW per share (as of Nov 5, 2026, price 2,055 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 452260?
Hanwha Galleria Corp. trades at a price-to-earnings ratio of 14.9 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 376.10 KRW is built from several models across several years. Other multiples: P/B 0.5, P/S 0.7, EV/EBITDA 4.2.
How solid is the balance sheet of Hanwha Galleria Corp. (452260)?
Balance-sheet figures for Hanwha Galleria Corp. (as of Nov 5, 2026): return on equity 3.2%, debt of 0.11 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 452260 from its 52-week high?
Hanwha Galleria Corp. trades at 2,055 KRW, about 44% below its 52-week high of 3,640 KRW and 98% above the low of 1,038 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 376.10 KRW is for.
Which stocks are comparable to Hanwha Galleria Corp.?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Macy's, 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 Hanwha Galleria Corp. stock attractive at the current price?
The data as of Nov 5, 2026: price 2,055 KRW, calculated fair value 376.10 KRW (−82%), Quality Score 41/100, from 21 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 452260 calculated?
We run Hanwha Galleria Corp. through 21 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 376.10 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. Hanwha Galleria Corp. 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 Hanwha Galleria Corp. (452260)?
The closing price on Nov 9, 2026 was 2,055 KRW. Our model-based fair value is 376.10 KRW, about 82% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hanwha Galleria Corp. right now?
The price sits above even our optimistic bull case (470.13 KRW). The favourable scenario is already priced in. Weak quality (41/100) 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.
Key figures of Hanwha Galleria Corp.
How large is the market capitalisation of Hanwha Galleria Corp. (452260)?
The market capitalisation of Hanwha Galleria Corp. is 397B KRW (≈ $293M). 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 Hanwha Galleria Corp. (452260)?
The price-to-sales ratio of Hanwha Galleria Corp. is 0.67 (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 Hanwha Galleria Corp. (452260)?
Earnings per share at Hanwha Galleria Corp. are 134.22 KRW (price ÷ EPS = P/E 14.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Hanwha Galleria Corp. (452260)?
The net margin of Hanwha Galleria Corp. is 4.4% (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 Hanwha Galleria Corp. (452260)?
The return on equity (ROE) of Hanwha Galleria Corp. is 3.2% (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 Hanwha Galleria Corp. (452260)?
On an EBIT basis the return on assets of Hanwha Galleria Corp. is 0.4% (avg 3y). 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 Hanwha Galleria Corp. (452260)?
The operating margin of Hanwha Galleria Corp. is 10.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hanwha Galleria Corp. (452260)?
Revenue at Hanwha Galleria Corp. is growing +18.9% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Hanwha Galleria Corp. (452260) carry?
The net debt of Hanwha Galleria Corp. is 221B KRW (fiscal year 2025, ≈ 27.6 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 5, 2026