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Husteel Co (005010) Fair Value & Analysis

Basic Materials · KR · Market cap 216B KRW

HC Husteel Co 005010 · KO
Price3,895 KRW
Fair Value4,585 KRW
Upside+17.7%
Quality38/100
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Expensive Growth
Loss-making · -2.8% net margin
Low debt · negative free cash flow
Trails peers (2/8)
Narrow moat 15/100
Evidence: Medium Range 3,211 KRW – 5,732 KRW Share as image

Fair value as of: Jul 23, 2026

From 8 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 2,293 KRW to 4,585 KRW (+100.0%) since Jul 22, 2026. Share price +2.9% over the past month.

Below-average quality, screening 18% undervalued on our models.

What matters now

  • Our model range runs from 3,211 KRW (bear) to 5,732 KRW (bull), base 4,585 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 38/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

7,120 KRW 1,319 KRW Fair Value 4,585 KRW Feb 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 1,319 KRW – 7,120 KRW · fair‑value band 3,211 KRW – 5,732 KRW · the 3,895 KRW price screens below the 4,585 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

Husteel Co (005010) currently trades at 3,895 KRW, while our model-based Fair Value estimate is 4,585 KRW, implying the stock looks roughly 17.7% undervalued today. The Quality Score stands at 38/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Husteel Co generated revenue of 606B KRW at a net margin of -2.8%. Revenue declined 3.9% year over year. It earns a return on equity of -1.6%. Net debt stands at 64.4B KRW. Fundamentals as of Jul 23, 2026

Our scenario range runs from 3,211 KRW (bear case) to 5,732 KRW (bull case); at 3,895 KRW, the current price sits within 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 47% below its 52-week high and 3% 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 18%, 005010 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
ROIC Compounder 1,307 KRW 1,362 KRW 1,410 KRW 72
Gordon GGM 1,443 KRW 1,587 KRW 1,808 KRW 70
DDM Multi-Stage 1,443 KRW 1,842 KRW 2,418 KRW 61
All 8 models by family
Earnings-Based
EPV 1,307 KRW 1,362 KRW 1,410 KRW 59
Dividend Discount
Gordon GGM 1,443 KRW 1,587 KRW 1,808 KRW 70
DDM Multi-Stage 1,443 KRW 1,842 KRW 2,418 KRW 61
Multiples
EV/EBIT 1,649 KRW 1,866 KRW 2,083 KRW 53
EV/EBITDA 4,026 KRW 5,035 KRW 6,045 KRW 54
EV/Revenue 1,562 KRW 1,804 KRW 2,046 KRW 43
Asset-Based
NCAV (Graham) 9,410 KRW 12,609 KRW 18,820 KRW 50
Economic Profit
ROIC Compounder 1,307 KRW 1,362 KRW 1,410 KRW 72

Widest divergence: Asset-Based (12,609 KRW) versus Earnings-Based (1,362 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 606B KRW
Revenue growth (YoY) -3.9%
Net margin -2.8%
Return on equity -1.6%
Free cash flow −68.3B KRW FY2025
Operating margin -3.6%
More key figures
EPS growth (YoY) -47.0%
Net debt 64.4B KRW FY2025

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

Quality Score breakdown

Overall quality 38/100

Of which business quality 38 · Market factors (momentum, volatility) 29

Profitability 12
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 13
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

Husteel Co., Ltd. manufactures and sells various steel pipe products in South Korea, the Unites States, and internationally. The company offers pipes for general purpose; E.R.W. steel boilers and superheater tubes; E.R.W.

Full company description

Husteel Co., Ltd. manufactures and sells various steel pipe products in South Korea, the Unites States, and internationally. The company offers pipes for general purpose; E.R.W. steel boilers and superheater tubes; E.R.W. heat-exchangers and condenser tubes; steel pipe piles; plain end steel tubes for welding or screwing; steel tubes for structural purpose; steel water-well pipes; steel pipes for fire protection use; line pipes; casings and tubings; rigid steel conduits; electrical rigid metal conduits; and steel tubes for tower structural purposes. It also provides steel pipes for pressure service, ordinary piping, boiler and heat exchanger, and general structural purposes; steel square pipes for general structural purposes; cold formed welded structural hollow section; welded steel tubes for pressure purposes; and carbon steel pipes for fuel gas piping. The company was formerly known as SHINHO STEEL Co., Ltd. and changed its name to Husteel Co., Ltd. in March 2002. Husteel Co., Ltd. was founded in 1967 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Husteel Co reported revenue of 612B KRW in FY2025 versus 617B KRW in FY2021, a compound −0.2%/yr. Reported net income was −15.0B KRW in FY2025.

Growth Quality 31/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
612B KRW
Latest YoY
−15.3%
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.
−15.9%
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.
+10.9%
Avg. growth/yr (20Y) 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.
+3.3%
Revenue −0.2%/yr
FY21 617B KRW
FY22 1.0T KRW
FY23 765B KRW
FY24 723B KRW
FY25 612B KRW
Net income
FY21 38.0B KRW
FY22 227B KRW
FY23 72.2B KRW
FY24 22.3B KRW
FY25 −15.0B KRW

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Cite: Fair Value Calculator (2026). "Husteel Co Fair Value". https://www.fairvalue-calculator.com/stock/005010

Peer Group

Steel · 380 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 38 · Bottom 25%
Fair Value upside +18% · Above median
Return on assets -0% · Below median
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) -4% · Bottom 25%
Revenue growth -4% · Below median
Debt / equity 0.05× · Lower than median

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 57 · sector 19
FUTURE 0 · sector 4
PAST 0 · sector 15
HEALTH 98 · sector 95
DIVIDEND 0 · 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 Husteel Co (005010) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 4,585 KRW versus a price of 3,895 KRW, about +18% (undervalued).
What is the fair value of 005010?
Our model-based fair value for Husteel Co is 4,585 KRW (as of Jul 23, 2026), built from audited fundamentals. The current price is 3,895 KRW.
What is the quality score of 005010?
Husteel Co has a Quality Score of 38/100. 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 Husteel Co (005010)?
Husteel Co reported trailing-twelve-month revenue of about 606B KRW (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 005010?
The net profit margin of Husteel Co is about -2.8%, 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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