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Hyundai Bng Steel Co (004560) Fair Value & Analysis

Basic Materials · KR · Market cap 175B KRW

HB Hyundai Bng Steel Co 004560 · KO
Price12,380 KRW
Fair Value19,200 KRW
Upside+55.1%
Quality60/100
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Weak Growth
Thin margins · 2.4% net margin
Low debt · generates free cash flow
2.34% dividend yield
Ranks above peers (9/11)
Narrow moat 24/100
Evidence: High Range 14,400 KRW – 24,000 KRW Share as image

Fair value as of: Jul 23, 2026

From 22 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 16,713 KRW to 19,200 KRW (+14.9%) since Jul 22, 2026. Share price +9.7% over the past month.

A solid business, screening 55% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (14,400 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (60/100) 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)

25,966 KRW 9,811 KRW Fair Value 19,200 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 9,811 KRW – 25,966 KRW · fair‑value band 14,400 KRW – 24,000 KRW · the 12,380 KRW price screens below the 19,200 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

Hyundai Bng Steel Co (004560) currently trades at 12,380 KRW, while our model-based Fair Value estimate is 19,200 KRW, implying the stock looks roughly 55.1% undervalued today. The Quality Score stands at 60/100 (solid 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.

Over the trailing twelve months, Hyundai Bng Steel Co generated revenue of 754B KRW at a net margin of 2.4%. Revenue grew 6.5% year over year. It earns a return on equity of 3.5%. Net debt stands at 46.4B KRW. Fundamentals as of Jul 23, 2026

Our scenario range runs from 14,400 KRW (bear case) to 24,000 KRW (bull case); at 12,380 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 51% below its 52-week high and 20% 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 55%, 004560 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 34,022 KRW 47,099 KRW 69,467 KRW 80
Residual Income 24,905 KRW 24,061 KRW 20,091 KRW 76
Rev-Margin DCF 20,135 KRW 28,292 KRW 38,586 KRW 74
All 22 models by family
DCF Models
FCF DCF 32,424 KRW 45,897 KRW 70,850 KRW 38
Owner Earnings 12,809 KRW 18,581 KRW 29,270 KRW 31
5Y Revenue Exit 20,135 KRW 27,487 KRW 38,118 KRW 39
5Y EBITDA Exit 22,784 KRW 32,074 KRW 44,389 KRW 41
5Y P/E Exit 17,921 KRW 23,655 KRW 30,602 KRW 38
10Y Revenue Exit 24,284 KRW 30,201 KRW 36,280 KRW 36
10Y EBITDA Exit 26,303 KRW 33,037 KRW 39,962 KRW 37
10Y P/E Exit 23,352 KRW 27,831 KRW 31,868 KRW 35
Earnings-Based
Graham-Dodd 6,685 KRW 8,171 KRW 9,192 KRW 54
EPV 10,046 KRW 12,035 KRW 13,776 KRW 59
Multiples
P/E Multiple 12,535 KRW 16,713 KRW 20,892 KRW 63
P/S Multiple 12,535 KRW 16,713 KRW 20,892 KRW 58
P/B Multiple 12,535 KRW 16,713 KRW 20,892 KRW 55
EV/EBIT 16,141 KRW 22,151 KRW 28,162 KRW 53
EV/EBITDA 19,889 KRW 27,148 KRW 34,408 KRW 54
EV/Revenue 13,737 KRW 20,434 KRW 27,131 KRW 43
Asset-Based
NCAV (Graham) 17,276 KRW 23,150 KRW 34,553 KRW 50
Growth DCF
Growth DCF 34,022 KRW 47,099 KRW 69,467 KRW 80
Rev-Margin DCF 20,135 KRW 28,292 KRW 38,586 KRW 74
Economic Profit
Residual Income 24,905 KRW 24,061 KRW 20,091 KRW 76
ROIC Compounder 10,046 KRW 12,035 KRW 13,776 KRW 72
Growth Earnings
Growth-Adj P/E 8,930 KRW 12,757 KRW 16,584 KRW 68

Widest divergence: Growth DCF (28,292 KRW) versus Earnings-Based (8,171 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 754B KRW
Revenue growth (YoY) +6.5%
Net margin 2.4%
Return on equity 3.5%
Free cash flow 53.2B KRW FY2025
Operating margin 4.2%
More key figures
Dividend yield 1.8%
EPS growth (YoY) +327%
Net debt 46.4B KRW FY2025

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 61 · Market factors (momentum, volatility) 25

Profitability 34
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 22
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

Hyundai Bng Steel Co., Ltd. manufactures and sells stainless steel products and automobile parts in South Korea. The company offers stainless cold rolled steel sheets, cold extrusion, and cold drawing products. The company was formerly known as BNG Steel Co., Ltd. and changed its name to Hyundai Bng Steel Co., Ltd. in March 2011. Hyundai Bng Steel Co., Ltd.

Full company description

Hyundai Bng Steel Co., Ltd. manufactures and sells stainless steel products and automobile parts in South Korea. The company offers stainless cold rolled steel sheets, cold extrusion, and cold drawing products. The company was formerly known as BNG Steel Co., Ltd. and changed its name to Hyundai Bng Steel Co., Ltd. in March 2011. Hyundai Bng Steel Co., Ltd. was founded in 1966 and is headquartered in Changwon-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hyundai Bng Steel Co reported revenue of 741B KRW in FY2025 versus 856B KRW in FY2021, a compound −3.5%/yr. Reported net income was 14.8B KRW in FY2025, compounding −32.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
741B KRW
Latest YoY
−6.8%
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.
−16.7%
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.
+1.7%
Avg. growth/yr (14Y) 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.
−0.8%
Revenue −3.5%/yr
FY21 856B KRW
FY22 1.3T KRW
FY23 1.0T KRW
FY24 795B KRW
FY25 741B KRW
Net income −32.1%/yr
FY21 69.8B KRW
FY22 26.1B KRW
FY23 −30.2B KRW
FY24 25.0B KRW
FY25 14.8B KRW

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Cite: Fair Value Calculator (2026). "Hyundai Bng Steel Co Fair Value". https://www.fairvalue-calculator.com/stock/004560

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 60 · Top 25%
Fair Value upside +55% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 3% · Above median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 4% · Above median
Revenue growth 7% · Above median
Dividend yield (TTM) 2.3% · Above median
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Steel median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 0.6× · 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 19
FUTURE 33 · sector 4
PAST 14 · sector 15
HEALTH 91 · sector 95
DIVIDEND 47 · sector 41

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 Hyundai Bng Steel Co (004560) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 19,200 KRW versus a price of 12,380 KRW, about +55% (undervalued).
What is the fair value of 004560?
Our model-based fair value for Hyundai Bng Steel Co is 19,200 KRW (as of Jul 23, 2026), built from audited fundamentals. The current price is 12,380 KRW.
What is the quality score of 004560?
Hyundai Bng Steel Co has a Quality Score of 60/100. 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 Hyundai Bng Steel Co (004560)?
Hyundai Bng Steel Co reported trailing-twelve-month revenue of about 754B KRW (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 004560?
The net profit margin of Hyundai Bng Steel Co is about 2.4%, meaning it keeps roughly 2.4% of revenue as net income. Based on the latest reported figures.
Does Hyundai Bng Steel Co pay a dividend?
Hyundai Bng Steel Co currently shows a dividend yield of about 1.78% 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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