Hankook Furniture Co. Ltd (004590) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Hankook Furniture Co. Ltd stock KRW 12,085, price KRW 5,190, upside +132.9%, quality 59 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.
How to read this chart
60‑month range 3,230 KRW – 7,980 KRW · fair‑value band 7,714 KRW – 18,394 KRW · the 5,190 KRW price screens below the 12,085 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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Hankook Furniture Co., Ltd. designs, manufactures, and sells furniture in South Korea.
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The company offers bed, mattress, other furniture, sofas, cocktail tables, armchair, storage, tables, chairs, stools, sideboard, desk, office chairs, and bookcases under the Roche bobois, Kartell, MDF ITALIA, Flou, GTV, Nicoline, Gealux, Norr11, Mattiazzi, Acerbis brand names.
It also exports its products. Hankook Furniture Co., Ltd. was founded in 1966 and is based in Seoul, South Korea.
Stock analysis
Hankook Furniture Co. Ltd (004590) currently trades at 5,190 KRW, while our model-based Fair Value estimate is 12,085 KRW, implying the stock looks roughly 57% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 17,658 KRW per share, and 22 of the 26 models we run sit above the 5,190 KRW price.
Bear case: the Asset-Based group reads lowest at 2,051 KRW, and 4 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 7,714 KRW (bear) to 18,394 KRW (bull), the price of 5,190 KRW sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hankook Furniture Co. Ltd reported revenue of 142B KRW in FY2025 versus 93.0B KRW in FY2021, a compound +11.1%/yr. Reported net income was 14.3B KRW in FY2025, compounding −10.1%/yr from FY2021.
Key figures
Market cap 77.9B KRW (≈ $58.6M) Micro · P/E ratio 5.5 · P/S ratio 0.50 · EPS (TTM) 930.92 KRW · Dividend yield 4.1% · Net margin 9.1% · Return on equity 6.9% · Return on assets (EBIT) 7.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −21% fair-value upside, at 133%, 004590 screens cheaper than that median.
Fair Value models
Bear7,714 KRWFair Value 12,085 KRWBull18,394 KRW
Price 5,190 KRW · Upside +132.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (619.81 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.75/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.4%
Start year 2020 (pandemic). Over 10 years: +11.4% a year
Revenue growth 15 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.7%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+13.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.1%
Dividend (yield on the price)4.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9.1% vs 9.5%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14% → 12%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +0.3% a year for the price.
Compare Hankook Furniture Co. Ltd with another stock
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Peer Groupⓘ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.Furnishings, Fixtures & Appliances · 307 stocks
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Is Hankook Furniture Co. Ltd (004590) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of 12,085 KRW versus a price of 5,190 KRW, about +133% upside (undervalued).
What is the fair value of 004590?
Our model-based fair value for Hankook Furniture Co. Ltd is 12,085 KRW (as of Nov 11, 2026), built from audited fundamentals. The current price: 5,190 KRW.
What is the quality score of 004590?
Hankook Furniture Co. Ltd has a Quality Score of 59/100. 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 price target for Hankook Furniture Co. Ltd (004590)?
Our model-based price target is the fair value of 12,085 KRW (as of Nov 11, 2026) from 26 valuation models. Cautious scenario 7,714 KRW, optimistic scenario 18,394 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hankook Furniture Co. Ltd stock forecast for 2026?
Our models put fair value at 12,085 KRW, about +133% upside versus a price of 5,190 KRW (undervalued). Cautious scenario 7,714 KRW, optimistic scenario 18,394 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hankook Furniture Co. Ltd (004590)?
Hankook Furniture Co. Ltd reported trailing-twelve-month revenue of about 154B KRW (latest available figure, as of Nov 11, 2026).
Does Hankook Furniture Co. Ltd pay a dividend?
Hankook Furniture Co. Ltd currently shows a dividend yield of 4.14% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of Hankook Furniture Co. Ltd (004590) and when is the ex-dividend date?
Hankook Furniture Co. Ltd pays a dividend of 215.00 KRW per share a year, a dividend yield of 4.1%. The last ex-dividend date was Sep 29, 2026. A dividend has been paid every year since 2009. The payout ratio is 23.1% of earnings. Free cash flow covers the dividend 2.17 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Hankook Furniture Co. Ltd (004590)?
For today's price to be fair in a discounted-cash-flow model, Hankook Furniture Co. Ltd would have to grow free cash flow by +2.4 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.4 % per year. As of Nov 11, 2026.
What discount rate (WACC) does the fair value of 004590 use?
Our models discount Hankook Furniture Co. Ltd at 12.0 %: a base by market capitalisation (micro), damped by beta 0.65, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hankook Furniture Co. Ltd that is +2.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Hankook Furniture Co. Ltd (004590) delivered so far?
Over the past 5 years revenue at Hankook Furniture Co. Ltd grew +13.4 % a year. The price currently implies free-cash-flow growth of +2.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hankook Furniture Co. Ltd (004590) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Hankook Furniture Co. Ltd (+2.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hankook Furniture Co. Ltd (004590)?
The free-cash-flow yield on the price is 9.01 %: that much free cash flow Hankook Furniture Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hankook Furniture Co. Ltd (004590)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hankook Furniture Co. Ltd it is 12,085 KRW per share (as of Nov 11, 2026), against a price of 5,190 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hankook Furniture Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 11, 2026, 004590 trades below its calculated fair value: price 5,190 KRW, fair value 12,085 KRW, a gap of about +133% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 004590?
No. The price is what the market pays today (5,190 KRW); the fair value is what the company's own numbers justify (12,085 KRW). For Hankook Furniture Co. Ltd the two are 6,895 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hankook Furniture Co. Ltd worth?
The market values Hankook Furniture Co. Ltd at about 77.9B KRW (market capitalisation, as of Nov 11, 2026). Per share that is 5,190 KRW; our models calculate a fair value of 12,085 KRW per share.
What do the bullish and bearish scenarios say about 004590?
Our models span a range for Hankook Furniture Co. Ltd: cautious scenario 7,714 KRW, base 12,085 KRW, optimistic 18,394 KRW per share (as of Nov 11, 2026, price 5,190 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 004590?
Hankook Furniture Co. Ltd trades at a price-to-earnings ratio of 5.5 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 12,085 KRW is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 5.4. Other multiples: P/B 0.4, P/S 0.5, EV/EBITDA 3.8.
How solid is the balance sheet of Hankook Furniture Co. Ltd (004590)?
Balance-sheet figures for Hankook Furniture Co. Ltd (as of Nov 11, 2026): return on equity 6.9%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 004590 from its 52-week high?
Hankook Furniture Co. Ltd trades at 5,190 KRW, about 35% below its 52-week high of 7,980 KRW and 18% above the low of 4,390 KRW (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of 12,085 KRW is for.
Which stocks are comparable to Hankook Furniture Co. Ltd?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, SharkNinja, Inc, Haier Smart Home Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hankook Furniture Co. Ltd stock attractive at the current price?
The data as of Nov 11, 2026: price 5,190 KRW, calculated fair value 12,085 KRW (+133%), Quality Score 59/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 004590 calculated?
We run Hankook Furniture Co. Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 12,085 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Hankook Furniture Co. Ltd currently trades 57% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hankook Furniture Co. Ltd (004590)?
The closing price on Nov 11, 2026 was 5,190 KRW. Our model-based fair value is 12,085 KRW, about +133% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hankook Furniture Co. Ltd right now?
The price is below even our cautious bear case (7,714 KRW). The market is more pessimistic than our downside scenario. Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (7,714 KRW to 18,394 KRW) leaves room in how you read the outcome.
Key figures of Hankook Furniture Co. Ltd
How large is the market capitalisation of Hankook Furniture Co. Ltd (004590)?
The market capitalisation of Hankook Furniture Co. Ltd is 77.9B KRW (≈ $58.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hankook Furniture Co. Ltd (004590)?
The price-to-sales ratio of Hankook Furniture Co. Ltd is 0.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hankook Furniture Co. Ltd (004590)?
Earnings per share at Hankook Furniture Co. Ltd are 930.92 KRW (price ÷ EPS = P/E 5.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hankook Furniture Co. Ltd (004590)?
The dividend yield of Hankook Furniture Co. Ltd is 4.1% (payout 23.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hankook Furniture Co. Ltd (004590)?
The net margin of Hankook Furniture Co. Ltd is 9.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hankook Furniture Co. Ltd (004590)?
The return on equity (ROE) of Hankook Furniture Co. Ltd is 6.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hankook Furniture Co. Ltd (004590)?
On an EBIT basis the return on assets of Hankook Furniture Co. Ltd is 7.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hankook Furniture Co. Ltd (004590)?
The operating margin of Hankook Furniture Co. Ltd is 9.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hankook Furniture Co. Ltd (004590)?
Revenue at Hankook Furniture Co. Ltd is growing +9.4% versus a year earlier (3y avg +12.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hankook Furniture Co. Ltd (004590)?
Earnings per share at Hankook Furniture Co. Ltd are growing −12.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hankook Furniture Co. Ltd (004590) carry?
The net debt of Hankook Furniture Co. Ltd is 4.9B KRW (fiscal year 2025, ≈ 0.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 11, 2026