Hwaseung Industries Co Ltd (006060) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hwaseung Industries Co Ltd stock KRW 6,225, price KRW 2,075, upside +200.0%, quality 54 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 9, 2026.
How to read this chart
60‑month range 2,045 KRW – 6,367 KRW · fair‑value band 4,669 KRW – 7,781 KRW · the 2,075 KRW price screens below the 6,225 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 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.
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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 2,075 KRW, while our model-based Fair Value estimate is 6,225 KRW, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 25,803 KRW per share, and 24 of the 26 models we run sit above the 2,075 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,848 KRW, and 2 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 4,669 KRW (bear) to 7,781 KRW (bull), the price of 2,075 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 54/100 (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 101B KRW (≈ $74.6M) Micro · P/E ratio 3.3 · P/S ratio 0.06 · EPS (TTM) 620.16 KRW · Dividend yield 9.9% · Net margin 1.7% · Return on equity 3.6% · Return on assets (EBIT) 3.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 30% fair-value upside, at 200%, 006060 screens cheaper than that median.
Fair Value models
Bear4,669 KRWFair Value 6,225 KRWBull7,781 KRW
Price 2,075 KRW · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 (355.16 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.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.
−5.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.0%
Dividend (yield on the price)9.9%
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.−15.0% vs −6.9%, slowing
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%
Compare Hwaseung Industries Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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 · 92 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)3.6% · Below median
Return on assets1.8% · Below median
Net margin (12 months)2.6% · Below median
Operating margin (12 months)4.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)3.3% · Above median
Dividend yield (12 months)9.9% · 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 Nov 9, 2026, our model estimates a fair value of 6,225 KRW versus a price of 2,075 KRW, about +200% upside (undervalued).
What is the fair value of 006060?
Our model-based fair value for Hwaseung Industries Co Ltd is 6,225 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 2,075 KRW.
What is the quality score of 006060?
Hwaseung Industries Co Ltd has a Quality Score of 54/100. 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 6,225 KRW (as of Nov 9, 2026) from 26 valuation models. Cautious scenario 4,669 KRW, optimistic scenario 7,781 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 6,225 KRW, about +200% upside versus a price of 2,075 KRW (undervalued). Cautious scenario 4,669 KRW, optimistic scenario 7,781 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 Nov 9, 2026).
Does Hwaseung Industries Co Ltd pay a dividend?
Hwaseung Industries Co Ltd currently shows a dividend yield of 9.93% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Hwaseung Industries Co Ltd (006060) and when is the ex-dividend date?
Hwaseung Industries Co Ltd pays a dividend of 206.00 KRW per share a year, a dividend yield of 9.9%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2015. The payout ratio is 33.2% of earnings. Free cash flow covers the dividend 11.81 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
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 6,225 KRW per share (as of Nov 9, 2026), against a price of 2,075 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 Hwaseung Industries Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 006060 trades below its calculated fair value: price 2,075 KRW, fair value 6,225 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 (2,075 KRW); the fair value is what the company's own numbers justify (6,225 KRW). For Hwaseung Industries Co Ltd the two are 4,150 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 101B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 2,075 KRW; our models calculate a fair value of 6,225 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 4,669 KRW, base 6,225 KRW, optimistic 7,781 KRW per share (as of Nov 9, 2026, price 2,075 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 006060?
Hwaseung Industries Co Ltd trades at a price-to-earnings ratio of 3.3 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 6,225 KRW is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings: 11.9. Other multiples: P/B 0.3, P/S 0.1.
How solid is the balance sheet of Hwaseung Industries Co Ltd (006060)?
Balance-sheet figures for Hwaseung Industries Co Ltd (as of Nov 9, 2026): return on equity 3.6%, debt of 0.05 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 006060 from its 52-week high?
Hwaseung Industries Co Ltd trades at 2,075 KRW, about 45% below its 52-week high of 3,761 KRW and 1% above the low of 2,045 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 6,225 KRW is for.
Which stocks are comparable to Hwaseung Industries Co Ltd?
From the same area (Consumer Cyclical) we also value NIKE, Inc, adidas AG, On Holding, Deckers Outdoor Corporation, 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 Nov 9, 2026: price 2,075 KRW, calculated fair value 6,225 KRW (+200%), Quality Score 54/100, 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 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 6,225 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 13.3% above its aggregate fair value. Hwaseung Industries Co Ltd currently trades 67% 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 Nov 6, 2026 was 2,075 KRW. Our model-based fair value is 6,225 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 (4,669 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 (54/100) 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 101B KRW (≈ $74.6M). 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 Hwaseung Industries Co Ltd (006060)?
The price-to-sales ratio of Hwaseung Industries Co Ltd is 0.06 (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 Hwaseung Industries Co Ltd (006060)?
Earnings per share at Hwaseung Industries Co Ltd are 620.16 KRW (price ÷ EPS = P/E 3.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hwaseung Industries Co Ltd (006060)?
The dividend yield of Hwaseung Industries Co Ltd is 9.9% (payout 33.2%). 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 1.7% (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 Hwaseung Industries Co Ltd (006060)?
The return on equity (ROE) of Hwaseung Industries Co Ltd is 3.6% (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 4.7% (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 +3.3% 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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Nov 9, 2026