Hankook Tire Worldwide (000240) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hankook Tire Worldwide stock KRW 50,565, price KRW 24,550, upside +106.0%, quality 65 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 7, 2026.
How to read this chart
60‑month range 8,844 KRW – 33,160 KRW · fair‑value band 26,900 KRW – 66,416 KRW · the 24,550 KRW price screens below the 50,565 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Hankook & Company Co., Ltd. manufactures and sells smart energy solutions. The company offers batteries for automotives, commercial vehicles, leisure, and industrial sectors.
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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.
Stock analysis
Hankook Tire Worldwide (000240) currently trades at 24,550 KRW, while our model-based Fair Value estimate is 50,565 KRW, implying the stock looks roughly 51% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 136,523 KRW per share, and 20 of the 26 models we run sit above the 24,550 KRW price.
Bear case: the Dividend Discount group reads lowest at 16,163 KRW, and 6 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 26,900 KRW (bear) to 66,416 KRW (bull), the price of 24,550 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 65/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hankook Tire Worldwide 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.
Key figures
Market cap 2.3T KRW (≈ $1.7B) Small · P/E ratio 5.7 · P/S ratio 1.61 · EPS (TTM) 4,177 KRW · Dividend yield 4.6% · Net margin 27.4% · Return on equity 8.3% · Return on assets (EBIT) 6.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 106%, 000240 screens cheaper than that median.
Fair Value models
Bear26,900 KRWFair Value 50,565 KRWBull66,416 KRW
Price 24,550 KRW · Upside +106.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 (2,605 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.
Best data coverage
FCF DCF34,270 KRW50,925 KRW101,694 KRW77
Residual Income39,707 KRW41,365 KRW45,374 KRW76
Growth DCF32,193 KRW54,917 KRW97,927 KRW75
All 26 models by family
DCF Models
FCF DCF34,270 KRW50,925 KRW101,694 KRW77
Owner Earnings54,019 KRW114,795 KRW232,461 KRW71
5Y Revenue Exit20,920 KRW32,817 KRW57,493 KRW70
5Y EBITDA Exit41,576 KRW74,556 KRW139,281 KRW72
5Y P/E Exit54,309 KRW125,873 KRW224,341 KRW67
10Y Revenue Exit24,848 KRW46,973 KRW59,103 KRW67
10Y EBITDA Exit39,663 KRW89,076 KRW175,868 KRW64
10Y P/E Exit48,471 KRW115,030 KRW226,439 KRW59
Earnings-Based
Graham-Dodd24,928 KRW173,846 KRW243,967 KRW63
Lynch FV76,343 KRW109,061 KRW141,780 KRW61
PEG = 1.076,343 KRW109,061 KRW141,780 KRW57
EPV34,552 KRW39,503 KRW43,701 KRW74
Dividend Discount
Gordon GGM9,032 KRW17,112 KRW24,645 KRW67
DDM Multi-Stage9,032 KRW15,213 KRW18,177 KRW67
Multiples
P/E Multiple60,488 KRW80,650 KRW100,813 KRW63
P/S Multiple13,849 KRW18,466 KRW23,082 KRW58
P/B Multiple15,067 KRW20,090 KRW25,112 KRW55
EV/EBIT57,454 KRW77,103 KRW96,753 KRW66
EV/EBITDA41,207 KRW55,441 KRW69,675 KRW67
EV/Revenue11,432 KRW16,972 KRW22,512 KRW53
Asset-Based
NCAV (Graham)886.08 KRW1,343 KRW1,678 KRW54
Growth DCF
Growth DCF32,193 KRW54,917 KRW97,927 KRW75
Rev-Margin DCF21,992 KRW37,439 KRW68,194 KRW70
Economic Profit
Residual Income39,707 KRW41,365 KRW45,374 KRW76
ROIC Compounder34,552 KRW39,503 KRW43,701 KRW72
Growth Earnings
Growth-Adj P/E95,566 KRW136,523 KRW177,479 KRW67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.83/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.8%
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.
+10.0%
Revenue growth 5 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.
+12.2%
Start year 2020 (pandemic). Over 10 years: +35.2% a year
Revenue growth 25 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.
−0.4%
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’25
What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+24.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.9%
Dividend (yield on the price)4.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.16.2% vs 6.2%, picking up
Profit margin 2019 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.20% → 28%
2025 sits 86% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
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).
−1.0%
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 −3.0% 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.Auto Parts · 656 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+106.0% · Top 25%
Profitability
Return on equity (12 months)8.3% · Above median
Return on assets6.6% · Top 25%
Net margin (12 months)27.4% · Top 25%
Operating margin (12 months)29.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−1.2% · Below median
Dividend yield (12 months)4.6% · Top 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
P/E (12 months)5.7× · Cheapest 25%
P/B0.49× · Cheapest 25%
P/S (12 months)1.61× · Pricier than median
Price / free cash flow (fiscal year)11.3× · Cheaper than median
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Is Hankook Tire Worldwide (000240) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 50,565 KRW versus a price of 24,550 KRW, about +106% upside (undervalued).
What is the fair value of 000240?
Our model-based fair value for Hankook Tire Worldwide is 50,565 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 24,550 KRW.
What is the quality score of 000240?
Hankook Tire Worldwide has a Quality Score of 65/100. 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 Hankook Tire Worldwide (000240)?
Our model-based price target is the fair value of 50,565 KRW (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 26,900 KRW, optimistic scenario 66,416 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hankook Tire Worldwide stock forecast for 2026?
Our models put fair value at 50,565 KRW, about +106% upside versus a price of 24,550 KRW (undervalued). Cautious scenario 26,900 KRW, optimistic scenario 66,416 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hankook Tire Worldwide (000240)?
Hankook Tire Worldwide reported trailing-twelve-month revenue of about 1.4T KRW (latest available figure, as of Nov 7, 2026).
Does Hankook Tire Worldwide pay a dividend?
Hankook Tire Worldwide currently shows a dividend yield of 4.60% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Hankook Tire Worldwide (000240) and when is the ex-dividend date?
Hankook Tire Worldwide pays a dividend of 1,130 KRW per share a year, a dividend yield of 4.6%. The last ex-dividend date was Aug 20, 2026. A dividend has been paid every year since at least 1996. The payout ratio is 27.1% of earnings. Free cash flow covers the dividend 1.93 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 Hankook Tire Worldwide (000240)?
For today's price to be fair in a discounted-cash-flow model, Hankook Tire Worldwide would have to grow free cash flow by -1.0 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.2 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 000240 use?
Our models discount Hankook Tire Worldwide at 10.2 %: a base by market capitalisation (small), damped by beta 0.50, 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 Hankook Tire Worldwide that is -1.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Hankook Tire Worldwide (000240) delivered so far?
Over the past 5 years revenue at Hankook Tire Worldwide grew +12.2 % a year. The price currently implies free-cash-flow growth of -1.0 % 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 Hankook Tire Worldwide (000240) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Hankook Tire Worldwide (-1.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hankook Tire Worldwide (000240)?
The free-cash-flow yield on the price is 8.88 %: that much free cash flow Hankook Tire Worldwide produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hankook Tire Worldwide (000240)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hankook Tire Worldwide it is 50,565 KRW per share (as of Nov 7, 2026), against a price of 24,550 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hankook Tire Worldwide stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 000240 trades below its calculated fair value: price 24,550 KRW, fair value 50,565 KRW, a gap of about +106% (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 000240?
No. The price is what the market pays today (24,550 KRW); the fair value is what the company's own numbers justify (50,565 KRW). For Hankook Tire Worldwide the two are 26,015 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hankook Tire Worldwide worth?
The market values Hankook Tire Worldwide at about 2.3T KRW (market capitalisation, as of Nov 7, 2026). Per share that is 24,550 KRW; our models calculate a fair value of 50,565 KRW per share.
What do the bullish and bearish scenarios say about 000240?
Our models span a range for Hankook Tire Worldwide: cautious scenario 26,900 KRW, base 50,565 KRW, optimistic 66,416 KRW per share (as of Nov 7, 2026, price 24,550 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000240?
Hankook Tire Worldwide trades at a price-to-earnings ratio of 5.7 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 50,565 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 7.7. Other multiples: P/B 0.5, P/S 1.6, EV/EBITDA 4.8.
How solid is the balance sheet of Hankook Tire Worldwide (000240)?
Balance-sheet figures for Hankook Tire Worldwide (as of Nov 7, 2026): return on equity 8.3%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 000240 from its 52-week high?
Hankook Tire Worldwide trades at 24,550 KRW, about 26% below its 52-week high of 33,160 KRW and 11% above the low of 22,094 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 50,565 KRW is for.
Which stocks are comparable to Hankook Tire Worldwide?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Hankook Tire Worldwide stock attractive at the current price?
The data as of Nov 7, 2026: price 24,550 KRW, calculated fair value 50,565 KRW (+106%), Quality Score 65/100, from 26 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 000240 calculated?
We run Hankook Tire Worldwide through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 50,565 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 13.0% above its aggregate fair value. Hankook Tire Worldwide currently trades 51% 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 Hankook Tire Worldwide (000240)?
The closing price on Nov 6, 2026 was 24,550 KRW. Our model-based fair value is 50,565 KRW, about +106% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hankook Tire Worldwide right now?
The price is below even our cautious bear case (26,900 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (26,900 KRW to 66,416 KRW) leaves room in how you read the outcome.
Where does the earnings growth of Hankook Tire Worldwide (000240) come from?
Earnings per share at Hankook Tire Worldwide grew +1.7 % a year from 2013 to 2024. Broken into its drivers: revenue per share +34.7 %, EBIT margin −21.8 %, tax rate −1.0 %, residual (interest, one-offs) −2.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Hankook Tire Worldwide
How large is the market capitalisation of Hankook Tire Worldwide (000240)?
The market capitalisation of Hankook Tire Worldwide is 2.3T KRW (≈ $1.7B). 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 Hankook Tire Worldwide (000240)?
The price-to-sales ratio of Hankook Tire Worldwide is 1.61 (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 Hankook Tire Worldwide (000240)?
Earnings per share at Hankook Tire Worldwide are 4,177 KRW (price ÷ EPS = P/E 5.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hankook Tire Worldwide (000240)?
The dividend yield of Hankook Tire Worldwide is 4.6% (payout 27.1%). 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 Hankook Tire Worldwide (000240)?
The net margin of Hankook Tire Worldwide is 27.4% (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 Hankook Tire Worldwide (000240)?
The return on equity (ROE) of Hankook Tire Worldwide is 8.3% (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 Hankook Tire Worldwide (000240)?
On an EBIT basis the return on assets of Hankook Tire Worldwide is 6.6% (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 Hankook Tire Worldwide (000240)?
The operating margin of Hankook Tire Worldwide is 29.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hankook Tire Worldwide (000240)?
Revenue at Hankook Tire Worldwide is growing −1.2% versus a year earlier (3y avg +10.0%). 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 Hankook Tire Worldwide (000240)?
Earnings per share at Hankook Tire Worldwide are growing +69.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hankook Tire Worldwide (000240) carry?
The net debt of Hankook Tire Worldwide is 142B KRW (fiscal year 2024, ≈ 0.7 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 7, 2026