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Hansung Enterprise Co (003680) Fair Value & Analysis

Consumer Defensive · KR · Market cap 46.3B KRW

HE Hansung Enterprise Co 003680 · KO
Price6,230 KRW
Fair Value1,966 KRW
Upside-68.4%
Quality49/100
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Mixed Growth
Loss-making · -5.4% net margin
Moderate debt · generates free cash flow
Trails peers (1/9)
Narrow moat 22/100
Evidence: High Range 1,382 KRW – 2,611 KRW Share as image

Fair value as of: Jul 23, 2026

From 23 valuation models · updated 18 days ago

Share price −26.4% over the past month.

Below-average quality, and screening another 68% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2,611 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (1,382 KRW to 2,611 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

14,520 KRW 4,145 KRW Fair Value 1,966 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 4,145 KRW – 14,520 KRW · fair‑value band 1,382 KRW – 2,611 KRW · the 6,230 KRW price screens above the 1,966 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

Hansung Enterprise Co (003680) currently trades at 6,230 KRW, while our model-based Fair Value estimate is 1,966 KRW, implying the stock looks roughly 68.4% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Hansung Enterprise Co generated revenue of 263B KRW at a net margin of -5.4%. Revenue grew 0.4% year over year. Net debt stands at 103B KRW. Fundamentals as of Jul 23, 2026

Our scenario range runs from 1,382 KRW (bear case) to 2,611 KRW (bull case); at 6,230 KRW, the current price sits above 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 20% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -68%, 003680 screens richer 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 8,667 KRW 13,171 KRW 20,116 KRW 80
Residual Income 8,004 KRW 7,413 KRW 5,017 KRW 76
Rev-Margin DCF 5,985 KRW 10,476 KRW 15,657 KRW 74
All 23 models by family
DCF Models
FCF DCF 8,221 KRW 12,909 KRW 20,585 KRW 38
5Y Revenue Exit 5,985 KRW 10,269 KRW 15,960 KRW 39
5Y EBITDA Exit 8,458 KRW 14,536 KRW 21,877 KRW 41
5Y P/E Exit 754.22 KRW 1,245 KRW 1,771 KRW 38
10Y Revenue Exit 6,471 KRW 10,379 KRW 14,902 KRW 36
10Y EBITDA Exit 8,259 KRW 13,218 KRW 18,965 KRW 37
10Y P/E Exit 3,501 KRW 4,375 KRW 5,161 KRW 35
Earnings-Based
Graham-Dodd 200.84 KRW 380.62 KRW 473.81 KRW 54
EPV 4,782 KRW 6,257 KRW 7,548 KRW 59
Dividend Discount
Gordon GGM 1,241 KRW 1,695 KRW 2,156 KRW 70
DDM Multi-Stage 1,241 KRW 1,720 KRW 2,285 KRW 61
Multiples
P/E Multiple 465.17 KRW 620.23 KRW 775.28 KRW 63
P/S Multiple 376.57 KRW 502.09 KRW 627.61 KRW 58
P/B Multiple 376.57 KRW 502.09 KRW 627.61 KRW 55
EV/EBIT 9,096 KRW 13,484 KRW 17,872 KRW 53
EV/EBITDA 10,539 KRW 15,407 KRW 20,276 KRW 54
EV/Revenue 5,328 KRW 9,354 KRW 13,381 KRW 43
Asset-Based
NCAV (Graham) 5,960 KRW 7,987 KRW 11,921 KRW 50
Growth DCF
Growth DCF 8,667 KRW 13,171 KRW 20,116 KRW 80
Rev-Margin DCF 5,985 KRW 10,476 KRW 15,657 KRW 74
Economic Profit
Residual Income 8,004 KRW 7,413 KRW 5,017 KRW 76
ROIC Compounder 4,782 KRW 6,257 KRW 7,548 KRW 72
Growth Earnings
Growth-Adj P/E 332.65 KRW 475.21 KRW 617.77 KRW 68

Widest divergence: Growth DCF (10,476 KRW) versus Earnings-Based (380.62 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 263B KRW
Revenue growth (YoY) +0.4%
Net margin -5.4%
Free cash flow 6.8B KRW FY2025
Operating margin 4.9%
EPS growth (YoY) +746%
More key figures
Net debt 103B KRW FY2025

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 49 · Market factors (momentum, volatility) 46

Profitability 37
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 38
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

Hansung Enterprise Co.,Ltd produces and sells fishery and seafood products in South Korea and internationally. It offers crami, salted and fermented, surimi based, frozen food, meat manufactured, CAN, and other products. The company was founded in 1963 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

Hansung Enterprise Co reported revenue of 318B KRW in FY2025 versus 252B KRW in FY2021, a compound +6.1%/yr. Reported net income was 167M KRW in FY2025.

Growth Quality 47/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
318B KRW
Latest YoY
−4.2%
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.
+2.9%
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.
+3.7%
Avg. growth/yr (24Y) 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.
+2.9%
Revenue +6.1%/yr
FY21 252B KRW
FY22 292B KRW
FY23 321B KRW
FY24 332B KRW
FY25 318B KRW
Net income
FY21 −7.5B KRW
FY22 1.4B KRW
FY23 1.6B KRW
FY24 2.8B KRW
FY25 167M KRW

003680 screens 68% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "Hansung Enterprise Co Fair Value". https://www.fairvalue-calculator.com/stock/003680

Peer Group

Packaged Foods · 649 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 49 · Below median
Fair Value upside −68% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) 5% · Below median
Revenue growth 0% · Below median
Debt / equity 0.51× · Higher than 75% of peers

Valuation Multiples vs Packaged Foods 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 0 · sector 28
FUTURE 2 · sector 20
PAST 0 · sector 27
HEALTH 75 · sector 96
DIVIDEND 0 · sector 47

VALUE 0: the price sits above our fair-value range.

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

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Hansung Enterprise Co (003680) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 1,966 KRW versus a price of 6,230 KRW, about −68% (overvalued).
What is the fair value of 003680?
Our model-based fair value for Hansung Enterprise Co is 1,966 KRW (as of Jul 23, 2026), built from audited fundamentals. The current price is 6,230 KRW.
What is the quality score of 003680?
Hansung Enterprise Co has a Quality Score of 49/100. 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 Hansung Enterprise Co (003680)?
Hansung Enterprise Co reported trailing-twelve-month revenue of about 263B KRW (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 003680?
The net profit margin of Hansung Enterprise Co is about -5.4%, meaning it is currently running at a net loss. 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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