Hyundai Steel (004020) Fair Value & Analysis

Basic Materials · KR · Market cap 3.5T KRW (≈ $2.4B) · ISIN KR7004020004

Below-average quality, trading 65% below our fair value.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price is below even our cautious bear case (52,753 KRW). The market is more pessimistic than our downside scenario.
• Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
• A fairly wide model range (52,753 KRW to 128,055 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

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 19,078 KRW – 54,435 KRW · fair‑value band 52,753 KRW – 128,055 KRW · the 31,450 KRW price screens below the 90,404 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.

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Analysis

Hyundai Steel (004020) currently trades at 31,450 KRW, while our model-based Fair Value estimate is 90,404 KRW, implying the stock looks roughly 187.5% undervalued today. The Quality Score stands at 45/100 (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: high), always confirm before acting.

Trailing-twelve-month revenue stands at 22.9T KRW. Revenue grew 3.2% year over year. It earns a return on equity of 0.1%. Net debt stands at 7.9T KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 52,753 KRW (bear case) to 128,055 KRW (bull case); at 31,450 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 37% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at 187%, 004020 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.

Widest divergence: Multiples (116,598 KRW) versus Growth DCF (381.65 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Hyundai Steel Company, together with its subsidiaries, engages in the manufacture and sale of steel and other industrial metal products in Korea, rest of Asia, the United States, and Europe.

Full company description

Hyundai Steel Company, together with its subsidiaries, engages in the manufacture and sale of steel and other industrial metal products in Korea, rest of Asia, the United States, and Europe. The company offers hot and cold rolled steel sheets, steel and heavy plates, ERW and steel pipes, reinforcing bars, special steel bars, heavy machinery, wire rods, and automotive parts, as well as tailor welded blanks, hydroforming, and hot stamping products; and H-sections, angles, I beams, steel sheet piles, and railway rails. It serves automobile, shipbuilding, and construction industries. The company was formerly known as INI Steel Company and changed its name to Hyundai Steel Company in March 2006. Hyundai Steel Company was founded in 1953 and is headquartered in Incheon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hyundai Steel reported revenue of 22.7T KRW in FY2025 versus 22.8T KRW in FY2021, a compound −0.1%/yr. Reported net income was −6.9B KRW in FY2025.

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Peer Group

Steel · 409 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.

Valuation Multiples vs Steel median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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Frequently asked questions

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.