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STOCK COMPARISON

Hyundai Energy Solutions Co vs First Solar: Fair Value & Quality

Both stocks run through our valuation models. Here is how Hyundai Energy Solutions Co (322000) and First Solar (FSLR) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Hyundai Energy Solutions Co trades at KRW 120,100 versus a fair value of KRW 29,257 (-76%), while First Solar trades at $192 versus $392 (+104%).
Hyundai Energy Solutions Co
322000.KO · KRW · Information Technology
-76%
upside to fair value
overvalued
PriceKRW 120,100
Fair ValueKRW 29,257
Quality68/100
First Solar
FSLR · USD · Information Technology
+104%
upside to fair value
undervalued
Price$192
Fair Value$392
Quality65/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Hyundai Energy Solutions CoFirst Solar
Valuation
n/aP/E (TTM)12.4×
n/aP/S (TTM)4.52×
n/aP/B2.57×
n/aEV/EBITDA9.7×
n/aPEG0.60×
−75.6%Fair value upside+104.3%
Profitability
18%Operating margin33%
1.71×EBIT margin trend (5Y)2.76×
16%Return on equity18%
9%Return on assets8%
Growth
88%Revenue growth (YoY)24%
-20.6%Avg. growth/yr (3Y)25.8%
4.5%Avg. growth/yr (5Y)14.0%
+22.9%Value creation/yr+38.9%
Balance & size
114.5×Interest coverage (EBIT/interest)38.1×
0.04×Debt / equity0.03×
$1BMarket cap$24B
weakGrowth qualityhealthy

First Solar leads: 2 to 8 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Hyundai Energy Solutions Coof which business quality 62 · market factors 48 First Solarof which business quality 66 · market factors 19
ProfitabilityMargins and returns on capital today
49
56
Quality GrowthAre margins and returns improving?
84
54
CashflowEarnings quality: real cash, not paper profit
10
72
Fin. StrengthBalance sheet, leverage, solvency risk
84
94
InvestmentDisciplined investing over empire-building
92
14
Low VolatilityCalm price path (market factor)
24
9
MomentumPrice trend over the last 3–12 months (market factor)
52
29
52W MomentumDistance to the 52-week high (market factor)
69
13
Net IssuanceShare count: buybacks or dilution?
82
80

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyHyundai Energy Solutions CoPrice KRW 120,100First SolarPrice $192
DCF Models-28%below the priceKRW 86,539+145%above the price$471
Earnings-Based0%close to the priceKRW 119,523+62%above the price$310
Multiples-37%below the priceKRW 75,741+66%above the price$318
Asset-Based-79%below the priceKRW 24,992-69%below the price$59.47
Growth DCFn/a+85%above the price$355
Economic Profit-73%below the priceKRW 32,734+5%close to the price$202
Growth Earnings+47%above the priceKRW 176,020+145%above the price$471
Minimum-79%below the priceKRW 24,992-69%below the price$59.47
Maximum+47%above the priceKRW 176,020+145%above the price$471
Median-32%below the priceKRW 81,140+66%above the price$318
Geometric mean-42%below the priceKRW 69,512+38%above the price$265

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Hyundai Energy Solutions Co: 13 of 15 models see the stock below the current price.

First Solar: 3 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Hyundai Energy Solutions Co
Price KRW 120,100
Fair Value KRW 29,257
Bear KRW 26,251Bull KRW 35,702
First Solar
Price $192
Fair Value $392
Bear $227Bull $485

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Hyundai Energy Solutions Co · Information Technology

Quality score68 · Top 25%
Fair value upside-76% · bottom 25%

First Solar · Information Technology

Quality score65 · Top 25%
Fair value upside+104% · Top 25%

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Hyundai Energy Solutions Co trades at KRW 120,100 versus a fair value of KRW 29,257 (-76%), while First Solar trades at $192 versus $392 (+104%).

Hyundai Energy Solutions Co has the higher quality score (68/100).

Open First Solar live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.