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Manho Rope & Wire Ltd (001080) Fair Value & Analysis

Basic Materials · KR · Market cap 115B KRW

MR Manho Rope & Wire Ltd 001080 · KO
Price4,090 KRW
Fair Value5,893 KRW
Upside+44.1%
Quality48/100
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Weak Growth
Thin margins · 0.4% net margin
Low debt · generates free cash flow
Mixed vs. peers (4/9)
Narrow moat 24/100
Evidence: Medium Range 4,329 KRW – 7,457 KRW Share as image

Fair value as of: Jul 23, 2026

From 9 valuation models · updated 18 days ago

Share price −6.0% over the past month.

Below-average quality, screening 44% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (4,329 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) 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)

6,649 KRW 974.42 KRW Fair Value 5,893 KRW Feb 2020 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 974.42 KRW – 6,649 KRW · fair‑value band 4,329 KRW – 7,457 KRW · the 4,090 KRW price screens below the 5,893 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

Manho Rope & Wire Ltd (001080) currently trades at 4,090 KRW, while our model-based Fair Value estimate is 5,893 KRW, implying the stock looks roughly 44.1% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Basic Materials 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: medium), always confirm before acting.

Over the trailing twelve months, Manho Rope & Wire Ltd generated revenue of 196B KRW at a net margin of 0.4%. Revenue grew 16.1% year over year. It earns a return on equity of 0.4%. Fundamentals as of Jul 23, 2026

Our scenario range runs from 4,329 KRW (bear case) to 7,457 KRW (bull case); at 4,090 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 34% below its 52-week high and 77% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -25% fair-value upside, at 44%, 001080 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 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 2,379 KRW 3,121 KRW 4,392 KRW 80
Rev-Margin DCF 2,119 KRW 2,968 KRW 4,011 KRW 74
Gordon GGM 231.92 KRW 253.84 KRW 287.26 KRW 70
All 9 models by family
DCF Models
FCF DCF 2,288 KRW 3,053 KRW 4,470 KRW 38
5Y Revenue Exit 2,119 KRW 2,922 KRW 4,090 KRW 39
10Y Revenue Exit 2,122 KRW 2,728 KRW 3,375 KRW 36
Dividend Discount
Gordon GGM 231.92 KRW 253.84 KRW 287.26 KRW 70
DDM Multi-Stage 231.92 KRW 290.98 KRW 373.76 KRW 61
Multiples
EV/Revenue 2,164 KRW 2,946 KRW 3,728 KRW 43
Asset-Based
NCAV (Graham) 3,293 KRW 4,413 KRW 6,586 KRW 50
Growth DCF
Growth DCF 2,379 KRW 3,121 KRW 4,392 KRW 80
Rev-Margin DCF 2,119 KRW 2,968 KRW 4,011 KRW 74

Widest divergence: Asset-Based (4,413 KRW) versus Dividend Discount (253.84 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 196B KRW
Revenue growth (YoY) +16.1%
Net margin 0.4%
Return on equity 0.4%
Free cash flow 5.7B KRW FY2025
Operating margin 1.9%
More key figures
EPS growth (YoY) +774%

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 50 · Market factors (momentum, volatility) 56

Profitability 17
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 12
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

Manho Rope & Wire Ltd. engages in the manufacture and sale of ropes and steel wires in South Korea. The company offers hard drawn steel wires, piano wires, stainless steel wires, CD bars, PC steel wires and strands, HIBON products, and elevator ropes; galvanized steel wire strands and steel wires for ACSR; and wire ropes and fiber ropes.

Full company description

Manho Rope & Wire Ltd. engages in the manufacture and sale of ropes and steel wires in South Korea. The company offers hard drawn steel wires, piano wires, stainless steel wires, CD bars, PC steel wires and strands, HIBON products, and elevator ropes; galvanized steel wire strands and steel wires for ACSR; and wire ropes and fiber ropes. Its products also include spring washers, wave spring washers, and P.S-locker washers. The company also exports its products to the Unites States, Europe, and Southeast Asia. Manho Rope & Wire Ltd. was founded in 1953 and is headquartered in Busan, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Manho Rope & Wire Ltd reported revenue of 153B KRW in FY2025 versus 196B KRW in FY2021, a compound −6.0%/yr. Reported net income was −3.5B KRW in FY2025.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
153B KRW
Latest YoY
−15.0%
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.
−15.5%
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.
−4.9%
Avg. growth/yr (23Y) 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.
+1.2%
Revenue −6.0%/yr
FY21 196B KRW
FY22 254B KRW
FY23 219B KRW
FY24 180B KRW
FY25 153B KRW
Net income
FY21 865M KRW
FY22 2.9B KRW
FY23 −4.1B KRW
FY24 −44.4B KRW
FY25 −3.5B KRW

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Cite: Fair Value Calculator (2026). "Manho Rope & Wire Ltd Fair Value". https://www.fairvalue-calculator.com/stock/001080

Peer Group

Steel · 378 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 48 · Below median
Fair Value upside +23% · Above median
Return on equity (TTM) 0% · Below median
Return on assets 0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 16% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Steel 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 63 · sector 19
FUTURE 81 · sector 4
PAST 1 · sector 15
HEALTH 100 · sector 95
DIVIDEND 0 · sector 41

Insider activity: 45/100

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 Steel stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
SSAB AB SSABA kr 96.04 kr 72.43 -25%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%

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Frequently asked questions

Is Manho Rope & Wire Ltd (001080) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 5,893 KRW versus a price of 4,090 KRW, about +44% (undervalued).
What is the fair value of 001080?
Our model-based fair value for Manho Rope & Wire Ltd is 5,893 KRW (as of Jul 23, 2026), built from audited fundamentals. The current price is 4,090 KRW.
What is the quality score of 001080?
Manho Rope & Wire Ltd 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 revenue of Manho Rope & Wire Ltd (001080)?
Manho Rope & Wire Ltd reported trailing-twelve-month revenue of about 196B KRW (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 001080?
The net profit margin of Manho Rope & Wire Ltd is about 0.4%, meaning it keeps roughly 0.4% of revenue as net income. Based on the latest reported figures.

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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