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Hanil Holdings (003300) Fair Value & Analysis

Basic Materials · KR · Market cap 542B KRW

HH Hanil Holdings 003300 · KO
Price17,470 KRW
Fair Value28,368 KRW
Upside+62.4%
Quality43/100
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Mixed Growth
Thin margins · 1.8% net margin
Low debt · generates free cash flow
5.91% dividend yield
Trails peers (4/11)
Narrow moat 26/100
Evidence: Medium Range 18,804 KRW – 47,933 KRW Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 19,695 KRW to 28,368 KRW (+44.0%) since Jul 22, 2026. Share price +2.8% over the past month.

Below-average quality, screening 62% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (18,804 KRW). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (18,804 KRW to 47,933 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

20,000 KRW 7,464 KRW Fair Value 28,368 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 7,464 KRW – 20,000 KRW · fair‑value band 18,804 KRW – 47,933 KRW · the 17,470 KRW price screens below the 28,368 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.

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Analysis

Hanil Holdings (003300) currently trades at 17,470 KRW, while our model-based Fair Value estimate is 28,368 KRW, implying the stock looks roughly 62.4% undervalued today. The Quality Score stands at 43/100 (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, Hanil Holdings generated revenue of 1.9T KRW at a net margin of 1.8%. Revenue declined 3.6% year over year. It earns a return on equity of 2.5%. Net debt stands at 698B KRW. Fundamentals as of Jul 23, 2026

Our scenario range runs from 18,804 KRW (bear case) to 47,933 KRW (bull case); at 17,470 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 27% below its 52-week high and 21% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at 62%, 003300 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 8,790 KRW 15,307 KRW 24,846 KRW 80
Residual Income 39,094 KRW 37,794 KRW 30,487 KRW 76
Rev-Margin DCF 22,048 KRW 40,668 KRW 60,976 KRW 74
All 24 models by family
DCF Models
FCF DCF 8,398 KRW 15,486 KRW 26,390 KRW 38
5Y Revenue Exit 22,048 KRW 40,892 KRW 64,770 KRW 39
5Y EBITDA Exit 31,422 KRW 57,895 KRW 88,273 KRW 41
5Y P/E Exit 7,024 KRW 13,640 KRW 20,333 KRW 38
10Y Revenue Exit 15,951 KRW 32,218 KRW 53,569 KRW 36
10Y EBITDA Exit 23,108 KRW 44,098 KRW 71,411 KRW 37
10Y P/E Exit 7,391 KRW 13,175 KRW 19,837 KRW 35
Earnings-Based
Graham-Dodd 6,963 KRW 18,361 KRW 23,981 KRW 54
PEG = 1.0 3,526 KRW 5,038 KRW 6,549 KRW 46
EPV 23,992 KRW 29,145 KRW 33,725 KRW 59
Dividend Discount
Gordon GGM 18,030 KRW 38,714 KRW 66,230 KRW 70
DDM Multi-Stage 18,030 KRW 28,375 KRW 39,978 KRW 61
Multiples
P/E Multiple 13,055 KRW 17,406 KRW 21,758 KRW 63
P/S Multiple 13,055 KRW 17,406 KRW 21,758 KRW 58
P/B Multiple 13,055 KRW 17,406 KRW 21,758 KRW 55
EV/EBIT 36,795 KRW 50,796 KRW 64,797 KRW 53
EV/EBITDA 49,984 KRW 68,381 KRW 86,778 KRW 54
EV/Revenue 31,195 KRW 46,796 KRW 62,397 KRW 43
Asset-Based
NCAV (Graham) 27,237 KRW 36,497 KRW 54,474 KRW 50
Growth DCF
Growth DCF 8,790 KRW 15,307 KRW 24,846 KRW 80
Rev-Margin DCF 22,048 KRW 40,668 KRW 60,976 KRW 74
Economic Profit
Residual Income 39,094 KRW 37,794 KRW 30,487 KRW 76
ROIC Compounder 23,992 KRW 29,145 KRW 33,725 KRW 72
Growth Earnings
Growth-Adj P/E 10,426 KRW 14,895 KRW 19,363 KRW 68

Widest divergence: Asset-Based (36,497 KRW) versus Growth Earnings (14,895 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.9T KRW
Revenue growth (YoY) -3.6%
Net margin 1.8%
Return on equity 2.5%
Free cash flow 36.5B KRW FY2025
Operating margin 3.1%
More key figures
Dividend yield 5.9%
EPS growth (YoY) +150%
Net debt 698B KRW FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 43 · Market factors (momentum, volatility) 52

Profitability 22
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 33
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

Hanil Holdings Co., Ltd., together with its subsidiaries, manufactures and sells construction materials in South Korea. It offers pavement, bulk, and slag cement; ready-mixed-concrete; and dry mortar.

Full company description

Hanil Holdings Co., Ltd., together with its subsidiaries, manufactures and sells construction materials in South Korea. It offers pavement, bulk, and slag cement; ready-mixed-concrete; and dry mortar. The company also operates theme parks and skyranch farms; and trades various resources products, such as coal, oil, and natural gas, as well as machinery and components. In addition, it is involved in the logistics business, including freight transport and loading services; and corporate venture capital, consignment, livestock, insurance agency, finance, real estate rental, video production, liquor wholesale, and beer production business. The company was founded in 1961 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

Hanil Holdings reported revenue of 1.9T KRW in FY2025 versus 1.8T KRW in FY2021, a compound +2.2%/yr. Reported net income was 31.6B KRW in FY2025, compounding −8.5%/yr from FY2021.

Growth Quality 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.9T KRW
Latest YoY
−14.2%
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.
−0.6%
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.
+4.7%
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.
+4.8%
Revenue +2.2%/yr
FY21 1.8T KRW
FY22 2.0T KRW
FY23 2.4T KRW
FY24 2.2T KRW
FY25 1.9T KRW
Net income −8.5%/yr
FY21 45.0B KRW
FY22 89.5B KRW
FY23 104B KRW
FY24 119B KRW
FY25 31.6B KRW

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Cite: Fair Value Calculator (2026). "Hanil Holdings Fair Value". https://www.fairvalue-calculator.com/stock/003300

Peer Group

Building Materials · 253 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 43 · Below median
Fair Value upside +62% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -4% · Below median
Dividend yield (TTM) 5.9% · Top 25%
Debt / equity 0.20× · Higher than median

Valuation Multiples vs Building Materials median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 0.7× · 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 100 · sector 27
FUTURE 0 · sector 2
PAST 10 · sector 15
HEALTH 90 · sector 92
DIVIDEND 100 · sector 42

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

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is Hanil Holdings (003300) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 28,368 KRW versus a price of 17,470 KRW, about +62% (undervalued).
What is the fair value of 003300?
Our model-based fair value for Hanil Holdings is 28,368 KRW (as of Jul 23, 2026), built from audited fundamentals. The current price is 17,470 KRW.
What is the quality score of 003300?
Hanil Holdings has a Quality Score of 43/100. 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 Hanil Holdings (003300)?
Hanil Holdings reported trailing-twelve-month revenue of about 1.9T KRW (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 003300?
The net profit margin of Hanil Holdings is about 1.8%, meaning it keeps roughly 1.8% of revenue as net income. Based on the latest reported figures.
Does Hanil Holdings pay a dividend?
Hanil Holdings currently shows a dividend yield of about 6.01% 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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