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Hankook & Company (000240) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 2.4T KRW

HC Hankook & Company 000240 · KO
Price25,850 KRW
Fair Value32,719 KRW
Upside+26.6%
Quality67/100
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Mixed Growth
Highly profitable · 24.6% net margin
Low debt · generates free cash flow
4.45% dividend yield
Ranks above peers (9/10)
Wide moat 68/100
Evidence: High Range 26,794 KRW – 40,899 KRW Share as image

Fair value as of: Jul 23, 2026

From 11 valuation models · updated 17 days ago

Fair value updated Jul 23, 2026, revised from 45,900 KRW to 32,719 KRW (−28.7%) since Jun 26, 2026. Share price +1.0% over the past month.

A solid business, screening 27% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (26,794 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

33,620 KRW 8,967 KRW Fair Value 32,719 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 8,967 KRW – 33,620 KRW · fair‑value band 26,794 KRW – 40,899 KRW · the 25,850 KRW price screens below the 32,719 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

Hankook & Company (000240) currently trades at 25,850 KRW, while our model-based Fair Value estimate is 32,719 KRW, implying the stock looks roughly 26.6% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Hankook & Company generated revenue of 1.4T KRW at a net margin of 24.6%. Revenue declined 2.7% year over year. It earns a return on equity of 7.5%. Net debt stands at 142B KRW. Fundamentals as of Jul 23, 2026

Our scenario range runs from 26,794 KRW (bear case) to 40,899 KRW (bull case); at 25,850 KRW, the current price sits below 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 29% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 27%, 000240 screens cheaper 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 BearBaseBull Evidence
Highest evidence
Growth DCF 35,630 KRW 71,960 KRW 144,294 KRW 80
Residual Income 41,867 KRW 44,548 KRW 49,305 KRW 76
Rev-Margin DCF 27,318 KRW 51,714 KRW 88,034 KRW 74
All 11 models by family
DCF Models
Owner Earnings 63,070 KRW 146,449 KRW 329,236 KRW 31
5Y P/E Exit 36,432 KRW 74,592 KRW 123,568 KRW 38
10Y P/E Exit 36,689 KRW 74,520 KRW 139,260 KRW 35
Earnings-Based
Graham-Dodd 24,928 KRW 173,703 KRW 243,757 KRW 54
Lynch FV 51,272 KRW 73,245 KRW 95,219 KRW 50
Multiples
P/E Multiple 35,743 KRW 47,657 KRW 59,571 KRW 63
P/B Multiple 46,741 KRW 62,321 KRW 77,901 KRW 55
Asset-Based
NCAV (Graham) 25,238 KRW 33,820 KRW 50,477 KRW 50
Growth DCF
Growth DCF 35,630 KRW 71,960 KRW 144,294 KRW 80
Rev-Margin DCF 27,318 KRW 51,714 KRW 88,034 KRW 74
Economic Profit
Residual Income 41,867 KRW 44,548 KRW 49,305 KRW 76

Widest divergence: DCF Models (74,592 KRW) versus Asset-Based (33,820 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.4T KRW
Revenue growth (YoY) -2.7%
Net margin 24.6%
Return on equity 7.5%
Free cash flow 207B KRW FY2025
Operating margin 32.6%
More key figures
Dividend yield 4.5%
EPS growth (YoY) +8.0%
Net debt 142B KRW FY2024

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 63 · Market factors (momentum, volatility) 44

Profitability 42
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 82
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

Hankook & Company Co., Ltd. manufactures and sells smart energy solutions. The company offers batteries for automotives, commercial vehicles, leisure, and industrial sectors. The company was formerly known as Hankook Technology Group Co., Ltd. and changed its name to Hankook & Company Co., Ltd. in December 2020. Hankook & Company Co., Ltd.

Full company description

Hankook & Company Co., Ltd. manufactures and sells smart energy solutions. The company offers batteries for automotives, commercial vehicles, leisure, and industrial sectors. The company was formerly known as Hankook Technology Group Co., Ltd. and changed its name to Hankook & Company Co., Ltd. in December 2020. Hankook & Company Co., Ltd. was founded in 1941 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hankook & Company reported revenue of 1.5T KRW in FY2025 versus 963B KRW in FY2021, a compound +10.9%/yr. Reported net income was 347B KRW in FY2025, compounding +15.2%/yr from FY2021.

Growth Quality 83/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.5T KRW
Latest YoY
+4.8%
Avg. growth/yr (3Y)
+10.0%
Avg. growth/yr (5Y)
+12.2%
Avg. growth/yr (25Y)
−0.4%
Revenue +10.9%/yr
FY21 963B KRW
FY22 1.1T KRW
FY23 1.1T KRW
FY24 1.4T KRW
FY25 1.5T KRW
Net income +15.2%/yr
FY21 197B KRW
FY22 166B KRW
FY23 187B KRW
FY24 351B KRW
FY25 347B KRW

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Cite: Fair Value Calculator (2026). "Hankook & Company Fair Value". https://www.fairvalue-calculator.com/stock/000240

Peer Group

Auto Parts · 642 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 67 · Top 25%
Fair Value upside +27% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 5% · Above median
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 33% · Top 25%
Revenue growth -3% · Below median
Dividend yield (TTM) 4.5% · Top 25%

Valuation Multiples vs Auto Parts median · lower = cheaper

P/FCF 0.0× · 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 69 · sector 17
FUTURE 0 · sector 23
PAST 30 · sector 26
HEALTH 100 · sector 95
DIVIDEND 89 · sector 30

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
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Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is Hankook & Company (000240) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 32,719 KRW versus a price of 25,850 KRW, about +27% (undervalued).
What is the fair value of 000240?
Our model-based fair value for Hankook & Company is 32,719 KRW (as of Jul 23, 2026), built from audited fundamentals. The current price is 25,850 KRW.
What is the quality score of 000240?
Hankook & Company has a Quality Score of 67/100. 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 Hankook & Company (000240)?
Hankook & Company reported trailing-twelve-month revenue of about 1.4T KRW (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 000240?
The net profit margin of Hankook & Company is about 24.6%, meaning it keeps roughly 24.6% of revenue as net income. Based on the latest reported figures.
Does Hankook & Company pay a dividend?
Hankook & Company currently shows a dividend yield of about 4.03% relative to its recent price (as of Jul 23, 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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