Hwaseung Industries Co Ltd (006060) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hwaseung Industries Co Ltd KRW 6,630, price KRW 2,210, upside +200.0%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 2,205 KRW – 7,477 KRW · fair‑value band 4,973 KRW – 8,288 KRW · the 2,210 KRW price screens below the 6,630 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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HWASEUNG Industries Co.,Ltd. engages in the manufacture and sale of shoe products and shoe materials business in South Korea and internationally. The company offers BOPP, PET, and breathable films; sheets and plates; and synthetic resins and adhesives, including shoe adhesives, industrial adhesives, automotive coatings, and polyurethane resins.
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HWASEUNG Industries Co.,Ltd. engages in the manufacture and sale of shoe products and shoe materials business in South Korea and internationally. The company offers BOPP, PET, and breathable films; sheets and plates; and synthetic resins and adhesives, including shoe adhesives, industrial adhesives, automotive coatings, and polyurethane resins. It also trades in clothing, bedding, footwear, and other products. In addition, the company engages in sports fashion ODM business, fine chemical business, and K-beauty products, including cosmetic and dietary supplement. The company was incorporated in 1969 and is headquartered in Busan, South Korea.
Stock analysis
Hwaseung Industries Co Ltd (006060) currently trades at 2,210 KRW, while our model-based Fair Value estimate is 6,630 KRW, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 31,361 KRW per share, and 26 of the 26 models we run sit above the 2,210 KRW price.
Bear case: the Dividend Discount group reads lowest at 2,439 KRW, and 0 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 4,973 KRW (bear) to 8,288 KRW (bull), the price of 2,210 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 55/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Hwaseung Industries Co Ltd reported revenue of 1.8T KRW in FY2025 versus 1.4T KRW in FY2021, a compound +6.9%/yr. Reported net income was 19.3B KRW in FY2025.
Key figures
Market cap 108B KRW (≈ $79.0M) · P/S ratio 0.07 · Dividend yield 9.3% · Net margin 1.1% · Return on equity 0.8% · Return on assets (EBIT) 3.6% · Operating margin 2.1% · Revenue (TTM) 1.7T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 49% fair-value upside, at 200%, 006060 screens cheaper than that median.
Fair Value models
Bear 4,973 KRWFair Value 6,630 KRWBull 8,288 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.6%
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.
−2.4%
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.
+6.5%
Start year 2020 (pandemic). Over 10 years: +9.1% a year
Revenue growth 21 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.
+7.2%
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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.
−5.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.0%
Dividend (yield on the price)9.3%
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.6% → 4%
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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.Footwear & Accessories · 95 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+200% · Top 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets2% · Below median
Net margin (TTM)1% · Below median
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth−16% · Bottom 25%
Dividend yield (TTM)9.3% · Top 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Footwear & Accessories median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hwaseung Industries Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/006060
Frequently asked questions
Is Hwaseung Industries Co Ltd (006060) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6,630 KRW versus a price of 2,210 KRW, about +200% upside (undervalued).
What is the fair value of 006060?
Our model-based fair value for Hwaseung Industries Co Ltd is 6,630 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,210 KRW.
What is the quality score of 006060?
Hwaseung Industries Co Ltd has a Quality Score of 55/100. 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 Hwaseung Industries Co Ltd (006060)?
Our model-based price target is the fair value of 6,630 KRW (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 4,973 KRW, optimistic scenario 8,288 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hwaseung Industries Co Ltd stock forecast for 2026?
Our models put fair value at 6,630 KRW, about +200% upside versus a price of 2,210 KRW (undervalued). Cautious scenario 4,973 KRW, optimistic scenario 8,288 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hwaseung Industries Co Ltd (006060)?
Hwaseung Industries Co Ltd reported trailing-twelve-month revenue of about 1.7T KRW (latest available figure, as of Sep 24, 2026).
Does Hwaseung Industries Co Ltd pay a dividend?
Hwaseung Industries Co Ltd currently shows a dividend yield of about 9.32% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Hwaseung Industries Co Ltd (006060)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hwaseung Industries Co Ltd it is 6,630 KRW per share (as of Sep 24, 2026), against a price of 2,210 KRW. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Hwaseung Industries Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 006060 trades below its calculated fair value: price 2,210 KRW, fair value 6,630 KRW, a gap of about +200% (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 006060?
No. The price is what the market pays today (2,210 KRW); the fair value is what the company's own numbers justify (6,630 KRW). For Hwaseung Industries Co Ltd the two are 4,420 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hwaseung Industries Co Ltd worth?
The market values Hwaseung Industries Co Ltd at about 108B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 2,210 KRW; our models calculate a fair value of 6,630 KRW per share.
What do the bullish and bearish scenarios say about 006060?
Our models span a range for Hwaseung Industries Co Ltd: cautious scenario 4,973 KRW, base 6,630 KRW, optimistic 8,288 KRW per share (as of Sep 24, 2026, price 2,210 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hwaseung Industries Co Ltd (006060)?
Balance-sheet figures for Hwaseung Industries Co Ltd (as of Sep 24, 2026): return on equity 0.8%, debt of 0.05 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 006060 from its 52-week high?
Hwaseung Industries Co Ltd trades at 2,210 KRW, about 43% below its 52-week high of 3,884 KRW and at the low of 2,205 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 6,630 KRW is for.
Which stocks are comparable to Hwaseung Industries Co Ltd?
From the same area (Consumer Cyclical) we also value NIKE, Inc, Deckers Outdoor Corporation, On Holding, Zhejiang China Commodities City Group, 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 Hwaseung Industries Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 2,210 KRW, calculated fair value 6,630 KRW (+200%), Quality Score 55/100, 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 006060 calculated?
We run Hwaseung Industries Co Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 6,630 KRW, 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. Hwaseung Industries Co Ltd currently trades 200 % 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 Hwaseung Industries Co Ltd (006060)?
The closing price on Sep 23, 2026 was 2,210 KRW. Our model-based fair value is 6,630 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hwaseung Industries Co Ltd right now?
The price is below even our cautious bear case (4,973 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Hwaseung Industries Co Ltd
How large is the market capitalisation of Hwaseung Industries Co Ltd (006060)?
The market capitalisation of Hwaseung Industries Co Ltd is 108B KRW (≈ $79.0M). 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 Hwaseung Industries Co Ltd (006060)?
The price-to-sales ratio of Hwaseung Industries Co Ltd is 0.07 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Hwaseung Industries Co Ltd (006060)?
The dividend yield of Hwaseung Industries Co Ltd is 9.3%. 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 Hwaseung Industries Co Ltd (006060)?
The net margin of Hwaseung Industries Co Ltd is 1.1% (fiscal year 2025). 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 Hwaseung Industries Co Ltd (006060)?
The return on equity (ROE) of Hwaseung Industries Co Ltd is 0.8% (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 Hwaseung Industries Co Ltd (006060)?
On an EBIT basis the return on assets of Hwaseung Industries Co Ltd is 3.6% (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 Hwaseung Industries Co Ltd (006060)?
The operating margin of Hwaseung Industries Co Ltd is 2.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hwaseung Industries Co Ltd (006060)?
Revenue at Hwaseung Industries Co Ltd is growing −15.9% versus a year earlier (3y avg −2.4%). 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 Hwaseung Industries Co Ltd (006060)?
Earnings per share at Hwaseung Industries Co Ltd are growing −59.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hwaseung Industries Co Ltd (006060) generate?
The free cash flow of Hwaseung Industries Co Ltd is 117B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hwaseung Industries Co Ltd (006060) carry?
The net debt of Hwaseung Industries Co Ltd is 555B KRW (fiscal year 2025, ≈ 4.8 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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