Hyundai Engineering & Construction (000720) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hyundai Engineering & Construction stock KRW 45,440, price KRW 78,100, that is 41.8% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
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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
60‑month range 23,551 KRW – 188,700 KRW · fair‑value band 36,865 KRW – 56,927 KRW · the 78,100 KRW price screens above the 45,440 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 5, 2026.
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Hyundai Engineering & Construction Co.,Ltd. engages in the civil engineering and construction business in Middle Asia, Asia, Africa, and internationally. It operates through Building/Housing, Civil Engineering, Plant/Power, and Others segments.
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The company constructs roads and bridges, tunnels and railways, and maritime and port, apartment, luxury homes, and large complex as well as develops industrial facilities, mixed-use development and hotel, hospitals and offices, and special buildings.
It is also involved in energy infrastructure construction, including large nuclear power plants, oil and gas, oil refining and petrochemicals, industrial plants, transmission lines and substations, renewable energy, and nuclear decommissioning.
In addition, the company engages in steel structure manufacturing and installation; agricultural management and livestock industry; management of resort condominium; real estate development and supply; equipment maintenance; electricity production; construction of commercial building; business facility management service; and renting heavy equipment.
The company was founded in 1947 and is headquartered in Seoul, South Korea.
Stock analysis
Hyundai Engineering & Construction (000720) currently trades at 78,100 KRW, while our model-based Fair Value estimate is 45,440 KRW, 42% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 64,585 KRW per share, and 1 of the 17 models we run sit above the 78,100 KRW price.
Bear case: the Dividend Discount group reads lowest at 4,946 KRW, and 16 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 36,865 KRW (bear) to 56,927 KRW (bull), the price of 78,100 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 48/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Hyundai Engineering & Construction reported revenue of 31.1T KRW in FY2025 versus 18.1T KRW in FY2021, a compound +14.5%/yr. Reported net income was 373B KRW in FY2025, compounding −2.2%/yr from FY2021.
Key figures
Market cap 9.0T KRW (≈ $6.6B) Mid · P/E ratio 20.0 · P/S ratio 0.31 · EPS (TTM) 3,961 KRW · Dividend yield 1.0% · Net margin 1.6% · Return on equity 5.7% · Return on assets (EBIT) 1.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −42%, 000720 screens richer than that median.
Fair Value models
Bear36,865 KRWFair Value 45,440 KRWBull56,927 KRW
Price 78,100 KRW · Downside -41.8%
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 (2,685 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.50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−4.9%
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.
+13.5%
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.
+12.9%
Start year 2020 (pandemic). Over 10 years: +4.9% 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.
+6.5%
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What shareholders gained per year (last 5 years), in KRW ⓘ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. 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.
−0.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.9%
Dividend (yield on the price)1.0%
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.−1.9% vs 0.7%, steady
Profit margin 2020 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.3% → 2%
AI conclusion: The business shows strength through repeated wins in major urban renewal projects yet remains limited by low margins and negative operating cash flows.
Main risk: Persistent high interest rates and elevated costs risk undermining margins on the large urban renewal order backlog during execution.
Hyundai E&C keeps winning major urban renewal contracts and has now surpassed 12 trillion won in such orders this year, the second year in a row above 10 trillion. Our models see the stock as overvalued, yet the real test lies in turning these orders into reliable profits given ongoing high rates and costs. Will the renewal focus strengthen margins or expose the same execution risks seen before?
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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.Engineering & Construction · 787 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−41.8% · Below median
Profitability
Return on equity (12 months)5.7% · Below median
Return on assets2.0% · Below median
Net margin (12 months)2.3% · Below median
Operating margin (12 months)3.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)−11.4% · Below median
Dividend yield (12 months)1.0% · Below median
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)20.0× · Pricier than median
P/B1.09× · Cheaper than median
P/S (12 months)0.47× · Cheaper than median
EV/EBITDA10.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 34
FUTURE (revenue growth)0· sector 20
PAST (return on equity)23· sector 29
HEALTH (low debt)90· sector 94
DIVIDEND (yield)20· sector 44
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hyundai Engineering & Construction Fair Value". https://www.fairvalue-calculator.com/stock/000720
Frequently asked questions
Is Hyundai Engineering & Construction (000720) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 45,440 KRW versus a price of 78,100 KRW, about 42% lower (overvalued).
What is the fair value of 000720?
Our model-based fair value for Hyundai Engineering & Construction is 45,440 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 78,100 KRW.
What is the quality score of 000720?
Hyundai Engineering & Construction has a Quality Score of 48/100. 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 Hyundai Engineering & Construction (000720)?
Our model-based price target is the fair value of 45,440 KRW (as of Nov 5, 2026) from 17 valuation models. Cautious scenario 36,865 KRW, optimistic scenario 56,927 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hyundai Engineering & Construction stock forecast for 2026?
Our models put fair value at 45,440 KRW, about 42% lower versus a price of 78,100 KRW (overvalued). Cautious scenario 36,865 KRW, optimistic scenario 56,927 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hyundai Engineering & Construction (000720)?
Hyundai Engineering & Construction reported trailing-twelve-month revenue of about 29.0T KRW (latest available figure, as of Nov 5, 2026).
Does Hyundai Engineering & Construction pay a dividend?
Hyundai Engineering & Construction currently shows a dividend yield of 1.02% relative to its recent price (as of Nov 5, 2026).
What is the intrinsic value of Hyundai Engineering & Construction (000720)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hyundai Engineering & Construction it is 45,440 KRW per share (as of Nov 5, 2026), against a price of 78,100 KRW. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Hyundai Engineering & Construction stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 000720 trades above its calculated fair value: price 78,100 KRW, fair value 45,440 KRW, a gap of about −42% (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 000720?
No. The price is what the market pays today (78,100 KRW); the fair value is what the company's own numbers justify (45,440 KRW). For Hyundai Engineering & Construction the two are 32,660 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hyundai Engineering & Construction worth?
The market values Hyundai Engineering & Construction at about 9.0T KRW (market capitalisation, as of Nov 5, 2026). Per share that is 78,100 KRW; our models calculate a fair value of 45,440 KRW per share.
What do the bullish and bearish scenarios say about 000720?
Our models span a range for Hyundai Engineering & Construction: cautious scenario 36,865 KRW, base 45,440 KRW, optimistic 56,927 KRW per share (as of Nov 5, 2026, price 78,100 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000720?
Hyundai Engineering & Construction trades at a price-to-earnings ratio of 20.0 (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 45,440 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 13.8. Other multiples: P/B 1.1, P/S 0.5, EV/EBITDA 10.5.
How solid is the balance sheet of Hyundai Engineering & Construction (000720)?
Balance-sheet figures for Hyundai Engineering & Construction (as of Nov 5, 2026): return on equity 5.7%, debt of 0.21 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 000720 from its 52-week high?
Hyundai Engineering & Construction trades at 78,100 KRW, about 59% below its 52-week high of 188,700 KRW and 32% above the low of 58,983 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 45,440 KRW is for.
Which stocks are comparable to Hyundai Engineering & Construction?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, 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 Hyundai Engineering & Construction stock attractive at the current price?
The data as of Nov 5, 2026: price 78,100 KRW, calculated fair value 45,440 KRW (−42%), Quality Score 48/100, from 17 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 000720 calculated?
We run Hyundai Engineering & Construction through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 45,440 KRW, 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 15.5% above its aggregate fair value. Hyundai Engineering & Construction 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 Hyundai Engineering & Construction (000720)?
The closing price on Nov 6, 2026 was 78,100 KRW. Our model-based fair value is 45,440 KRW, about 42% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hyundai Engineering & Construction right now?
The price sits above even our optimistic bull case (56,927 KRW). The favourable scenario is already priced in. Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Hyundai Engineering & Construction
How large is the market capitalisation of Hyundai Engineering & Construction (000720)?
The market capitalisation of Hyundai Engineering & Construction is 9.0T KRW (≈ $6.6B). 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 Hyundai Engineering & Construction (000720)?
The price-to-sales ratio of Hyundai Engineering & Construction is 0.31 (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 Hyundai Engineering & Construction (000720)?
Earnings per share at Hyundai Engineering & Construction are 3,961 KRW (price ÷ EPS = P/E 20.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hyundai Engineering & Construction (000720)?
The dividend yield of Hyundai Engineering & Construction is 1.0% (payout 20.2%). 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 Hyundai Engineering & Construction (000720)?
The net margin of Hyundai Engineering & Construction is 1.6% (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 Hyundai Engineering & Construction (000720)?
The return on equity (ROE) of Hyundai Engineering & Construction is 5.7% (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 Hyundai Engineering & Construction (000720)?
On an EBIT basis the return on assets of Hyundai Engineering & Construction is 1.6% (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 Hyundai Engineering & Construction (000720)?
The operating margin of Hyundai Engineering & Construction is 3.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hyundai Engineering & Construction (000720)?
Revenue at Hyundai Engineering & Construction is growing −11.4% versus a year earlier (3y avg +13.5%). 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 Hyundai Engineering & Construction (000720)?
Earnings per share at Hyundai Engineering & Construction are growing +24.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hyundai Engineering & Construction (000720) generate?
The free cash flow of Hyundai Engineering & Construction is −865B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hyundai Engineering & Construction (000720) carry?
The net debt of Hyundai Engineering & Construction is 3.0B KRW (fiscal year 2019). 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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Nov 5, 2026