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Hankook Cosmetics Manufacturing Co (003350) Fair Value & Analysis

Consumer Defensive · KR · Market cap 136B KRW

HC Hankook Cosmetics Manufacturing Co 003350 · KO
Price11,490 KRW
Fair Value25,068 KRW
Upside+118.2%
Quality64/100
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Healthy Growth
Thin margins · 3.0% net margin
Moderate debt · generates free cash flow
0.80% dividend yield
Mixed vs. peers (5/10)
Narrow moat 36/100
Evidence: High Range 18,725 KRW – 44,670 KRW Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 25,674 KRW to 25,068 KRW (−2.4%) since Jul 22, 2026. Share price +49.6% over the past month.

A solid business, screening 118% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (18,725 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (18,725 KRW to 44,670 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

16,951 KRW 3,537 KRW Fair Value 25,068 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 3,537 KRW – 16,951 KRW · fair‑value band 18,725 KRW – 44,670 KRW · the 11,490 KRW price screens below the 25,068 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Hankook Cosmetics Manufacturing Co (003350) currently trades at 11,490 KRW, while our model-based Fair Value estimate is 25,068 KRW, implying the stock looks roughly 118.2% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Defensive 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 Cosmetics Manufacturing Co generated revenue of 82.9B KRW at a net margin of 3.0%. Revenue grew 27.6% year over year. It earns a return on equity of 5.0%. Net debt stands at 5.5B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 18,725 KRW (bear case) to 44,670 KRW (bull case); at 11,490 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 19% below its 52-week high and 51% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -38% fair-value upside, at 118%, 003350 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 25,582 KRW 50,888 KRW 90,114 KRW 80
Residual Income 10,343 KRW 14,053 KRW 87,322 KRW 76
Rev-Margin DCF 15,477 KRW 26,041 KRW 40,543 KRW 74
All 24 models by family
DCF Models
FCF DCF 26,175 KRW 49,718 KRW 100,534 KRW 38
Owner Earnings 21,218 KRW 42,154 KRW 81,508 KRW 31
5Y Revenue Exit 15,477 KRW 26,217 KRW 40,860 KRW 39
5Y EBITDA Exit 20,449 KRW 37,072 KRW 58,573 KRW 41
5Y P/E Exit 23,574 KRW 43,893 KRW 68,181 KRW 38
10Y Revenue Exit 18,346 KRW 30,166 KRW 48,743 KRW 36
10Y EBITDA Exit 22,116 KRW 38,388 KRW 64,430 KRW 37
10Y P/E Exit 24,238 KRW 43,555 KRW 72,940 KRW 35
Earnings-Based
Graham-Dodd 10,270 KRW 57,265 KRW 79,514 KRW 54
Lynch FV 16,005 KRW 22,865 KRW 29,724 KRW 50
PEG = 1.0 16,005 KRW 22,865 KRW 29,724 KRW 46
EPV 15,522 KRW 18,114 KRW 20,382 KRW 59
Multiples
P/E Multiple 23,786 KRW 31,715 KRW 39,643 KRW 63
P/S Multiple 12,224 KRW 16,298 KRW 20,373 KRW 58
P/B Multiple 19,255 KRW 25,674 KRW 32,092 KRW 55
EV/EBIT 23,103 KRW 30,814 KRW 38,525 KRW 53
EV/EBITDA 19,000 KRW 25,344 KRW 31,687 KRW 54
EV/Revenue 10,667 KRW 15,251 KRW 19,835 KRW 43
Asset-Based
NCAV (Graham) 2,888 KRW 3,870 KRW 5,776 KRW 50
Growth DCF
Growth DCF 25,582 KRW 50,888 KRW 90,114 KRW 80
Rev-Margin DCF 15,477 KRW 26,041 KRW 40,543 KRW 74
Economic Profit
Residual Income 10,343 KRW 14,053 KRW 87,322 KRW 76
ROIC Compounder 18,276 KRW 25,177 KRW 34,357 KRW 72
Growth Earnings
Growth-Adj P/E 24,053 KRW 34,362 KRW 44,670 KRW 68

Widest divergence: DCF Models (38,388 KRW) versus Asset-Based (3,870 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 82.9B KRW
Revenue growth (YoY) +27.6%
Net margin 3.0%
Return on equity 5.0%
Free cash flow 34.0B KRW FY2025
Operating margin 3.1%
More key figures
Dividend yield 0.8%
EPS growth (YoY) -58.2%
Net debt 5.5B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 69 · Market factors (momentum, volatility) 45

Profitability 69
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 44
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 Cosmetics Manufacturing Co., Ltd researches and develops, and produces cosmetics worldwide. It offers skin care products, such as cosmetic water, creams, packs, cleansing powders, cleansing formulas and masks; color cosmetics, including blushers, facial powders, foundations, makeup base and fixatives, lipsticks, and lip gloss; and functional …

Full company description

Hankook Cosmetics Manufacturing Co., Ltd researches and develops, and produces cosmetics worldwide. It offers skin care products, such as cosmetic water, creams, packs, cleansing powders, cleansing formulas and masks; color cosmetics, including blushers, facial powders, foundations, makeup base and fixatives, lipsticks, and lip gloss; and functional cosmetics comprising anti-wrinkle, whitening, and UV protection products. The company also provides cosmetics for men, such as aftershave lotions, free shave lotions, shaving creams, beard conditioners, and other shaving products; baby care products that include shampoos, body cleansers, lotions, creams, sun creams, and oils; and body care products comprising cleanser, oil, lotion, cream, powder, and hand and foot cream. In addition, it provides perfumes, powdered perfumes, fragrance bags, and shower colognes; and hair products, including shampoos, rinses, conditioners, tonics, grooming aids, essence, creams, oils, pomades, gels, glazes, waxes, sprays, mousses, and straighteners, as well as hair treatment products. Further, the company offers consulting services. Hankook Cosmetics Manufacturing Co., Ltd was founded in 1962 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hankook Cosmetics Manufacturing Co reported revenue of 185B KRW in FY2025 versus 67.8B KRW in FY2021, a compound +28.5%/yr. Reported net income was 27.4B KRW in FY2025.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
185B KRW
Latest YoY
+10.2%
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.
+21.1%
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.
+24.4%
Avg. growth/yr (12Y) 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.
+16.0%
Revenue +28.5%/yr
FY21 67.8B KRW
FY22 104B KRW
FY23 109B KRW
FY24 167B KRW
FY25 185B KRW
Net income
FY21 −1.2B KRW
FY22 4.0B KRW
FY23 7.3B KRW
FY24 23.1B KRW
FY25 27.4B KRW

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Cite: Fair Value Calculator (2026). "Hankook Cosmetics Manufacturing Co Fair Value". https://www.fairvalue-calculator.com/stock/003350

Peer Group

Household & Personal Products · 251 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 64 · Above median
Fair Value upside +118% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 28% · Top 25%
Dividend yield (TTM) 0.8% · Bottom 25%
Debt / equity 0.52× · Higher than 75% of peers

Valuation Multiples vs Household & Personal Products 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 100 · sector 27
FUTURE 100 · sector 4
PAST 20 · sector 27
HEALTH 74 · sector 98
DIVIDEND 16 · sector 50

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 Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $146.80 $108.16 -26%
Unilever PLC ULN 1,080 MXN 973.58 MXN -10%
Hindustan Unilever Limited HINDUNILVR ₹2,063 ₹789.46 -62%
Essity AB ESSITYA kr 276.50 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹936.90 ₹367.64 -61%
Marico Limited MARICO ₹855.00 ₹233.05 -73%
APR Co 278470 397,000 KRW 137,521 KRW -65%
Dabur India Limited DABUR ₹411.25 ₹175.59 -57%
PT Unilever Indonesia Tbk UNVR 1,760 IDR 1,928 IDR +10%
Amorepacific Corporation 090430 135,700 KRW 84,785 KRW -38%

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Frequently asked questions

Is Hankook Cosmetics Manufacturing Co (003350) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 25,068 KRW versus a price of 11,490 KRW, about +118% (undervalued).
What is the fair value of 003350?
Our model-based fair value for Hankook Cosmetics Manufacturing Co is 25,068 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price is 11,490 KRW.
What is the quality score of 003350?
Hankook Cosmetics Manufacturing Co has a Quality Score of 64/100. 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 Cosmetics Manufacturing Co (003350)?
Hankook Cosmetics Manufacturing Co reported trailing-twelve-month revenue of about 82.9B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 003350?
The net profit margin of Hankook Cosmetics Manufacturing Co is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.
Does Hankook Cosmetics Manufacturing Co pay a dividend?
Hankook Cosmetics Manufacturing Co currently shows a dividend yield of about 0.73% relative to its recent price (as of Aug 13, 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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