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Hitejinro Holdings (000140) Fair Value & Analysis

Consumer Defensive · KR · Market cap 176B KRW

HH Hitejinro Holdings 000140 · KO
Price8,330 KRW
Fair Value6,889 KRW
Upside-17.3%
Quality41/100
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Mixed Growth
Loss-making · -0.2% net margin
Moderate debt · generates free cash flow
4.33% dividend yield
Trails peers (3/11)
Narrow moat 31/100
Evidence: Medium Range 3,877 KRW – 9,901 KRW Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 20 days ago

Fair value updated Jul 22, 2026, revised from 6,858 KRW to 6,889 KRW (+0.5%) since Jul 21, 2026. Share price +0.5% over the past month.

Below-average quality, and screening another 17% overvalued on our models.

What matters now

  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (3,877 KRW to 9,901 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

15,462 KRW 7,343 KRW Fair Value 6,889 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 7,343 KRW – 15,462 KRW · fair‑value band 3,877 KRW – 9,901 KRW · the 8,330 KRW price screens above the 6,889 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

Hitejinro Holdings (000140) currently trades at 8,330 KRW, while our model-based Fair Value estimate is 6,889 KRW, implying the stock looks roughly 17.3% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Hitejinro Holdings generated revenue of 2.5T KRW at a net margin of -0.2%. Revenue declined 3.5% year over year. It earns a return on equity of 1.1%. Net debt stands at 1.3T KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 3,877 KRW (bear case) to 9,901 KRW (bull case); at 8,330 KRW, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -8% fair-value upside, at -17%, 000140 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF 19,512 KRW 31,867 KRW 48,707 KRW 80
Rev-Margin DCF 44,057 KRW 79,288 KRW 115,988 KRW 74
ROIC Compounder 53,885 KRW 68,414 KRW 83,786 KRW 72
All 15 models by family
DCF Models
FCF DCF 18,429 KRW 31,454 KRW 49,918 KRW 38
5Y Revenue Exit 44,057 KRW 79,187 KRW 122,832 KRW 39
5Y EBITDA Exit 79,732 KRW 141,447 KRW 210,618 KRW 41
10Y Revenue Exit 31,849 KRW 61,299 KRW 97,398 KRW 36
10Y EBITDA Exit 56,177 KRW 102,970 KRW 160,071 KRW 37
Earnings-Based
EPV 51,874 KRW 62,813 KRW 72,384 KRW 59
Dividend Discount
Gordon GGM 13,398 KRW 19,841 KRW 26,617 KRW 70
DDM Multi-Stage 13,398 KRW 19,038 KRW 25,510 KRW 61
Multiples
EV/EBIT 95,592 KRW 132,042 KRW 168,492 KRW 53
EV/EBITDA 134,773 KRW 184,284 KRW 233,794 KRW 54
EV/Revenue 64,288 KRW 97,736 KRW 131,184 KRW 43
Asset-Based
NCAV (Graham) 12,962 KRW 17,370 KRW 25,925 KRW 50
Growth DCF
Growth DCF 19,512 KRW 31,867 KRW 48,707 KRW 80
Rev-Margin DCF 44,057 KRW 79,288 KRW 115,988 KRW 74
Economic Profit
ROIC Compounder 53,885 KRW 68,414 KRW 83,786 KRW 72

Widest divergence: Multiples (132,042 KRW) versus Asset-Based (17,370 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.5T KRW
Revenue growth (YoY) -3.5%
Net margin -0.2%
Return on equity 1.1%
Free cash flow 66.0B KRW FY2025
Operating margin 9.5%
More key figures
Dividend yield 4.4%
EPS growth (YoY) -16.4%
Net debt 1.3T KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 37 · Market factors (momentum, volatility) 41

Profitability 28
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 67
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Hitejinro Holdings Co., Ltd., through its subsidiaries, manufactures and sells beer and soju in South Korea and internationally. The company also manufactures and sells packaging glass containers and bottled water, as well as other non-alcoholic beverages. In addition, it is involved in the golf course operations and investment business.

Full company description

Hitejinro Holdings Co., Ltd., through its subsidiaries, manufactures and sells beer and soju in South Korea and internationally. The company also manufactures and sells packaging glass containers and bottled water, as well as other non-alcoholic beverages. In addition, it is involved in the golf course operations and investment business. The company was formerly known as Hite Holdings Co., Ltd. and changed its name to Hitejinro Holdings Co., Ltd. in April 2012. Hitejinro Holdings Co., Ltd. was founded in 1933 and is based in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hitejinro Holdings reported revenue of 2.5T KRW in FY2025 versus 2.2T KRW in FY2021, a compound +3.2%/yr. Reported net income was −2.6B KRW in FY2025.

Growth Quality 28/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.5T KRW
Latest YoY
−3.9%
Avg. growth/yr (3Y) 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.
+0.0%
Avg. growth/yr (5Y) 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.
+2.0%
Avg. growth/yr (25Y) 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.
+5.3%
Revenue +3.2%/yr
FY21 2.2T KRW
FY22 2.5T KRW
FY23 2.5T KRW
FY24 2.6T KRW
FY25 2.5T KRW
Net income
FY21 32.6B KRW
FY22 30.1B KRW
FY23 897M KRW
FY24 44.4B KRW
FY25 −2.6B KRW

000140 screens 17% overvalued. Compare with Anheuser-Busch InBev SA →

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Cite: Fair Value Calculator (2026). "Hitejinro Holdings Fair Value". https://www.fairvalue-calculator.com/stock/000140

Peer Group

Beverages - Brewers · 52 stocks

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.

Quality Score 41 · Bottom 25%
Fair Value upside −17% · Below median
Return on equity (TTM) 1% · Bottom 25%
Return on assets 3% · Below median
Net margin (TTM) -0% · Bottom 25%
Operating margin (TTM) 9% · Below median
Revenue growth -4% · Below median
Dividend yield (TTM) 4.3% · Above median
Debt / equity 0.99× · Higher than 75% of peers

Valuation Multiples vs Beverages - Brewers median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 0.9× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 10 · sector 33
FUTURE 0 · sector 3
PAST 4 · sector 36
HEALTH 50 · sector 97
DIVIDEND 87 · sector 54

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Alcohol

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Beverages - Brewers stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Anheuser-Busch InBev SA 1ABI €73.62 €41.60 -43%
Ambev S.A ABEV 14,120 ARS 6,060 ARS -57%
Fomento Económico Mexicano, S.A. FEMSAUBD 222.91 MXN 201.74 MXN -9%
Heineken N.V HEIA €77.24 €65.06 -16%
Constellation Brands, Inc STZ $135.72 $177.43 +31%
Carlsberg A/S CARLA kr 1,125 kr 607.30 -46%
Heineken Holding HEIO €71.20 €72.67 +2%
Tsingtao Brewery Company 600600 ¥53.60 ¥63.65 +19%
Budweiser Brewing Company 1876 HK$6.58 HK$6.05 -8%
Molson Coors Canada Inc TPXA C$63.10 C$74.42 +18%

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Frequently asked questions

Is Hitejinro Holdings (000140) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 6,889 KRW versus a price of 8,330 KRW, about −17% (overvalued).
What is the fair value of 000140?
Our model-based fair value for Hitejinro Holdings is 6,889 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 8,330 KRW.
What is the quality score of 000140?
Hitejinro Holdings 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 revenue of Hitejinro Holdings (000140)?
Hitejinro Holdings reported trailing-twelve-month revenue of about 2.5T KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 000140?
The net profit margin of Hitejinro Holdings is about -0.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Hitejinro Holdings pay a dividend?
Hitejinro Holdings currently shows a dividend yield of about 4.35% relative to its recent price (as of Jul 22, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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