Hwashin (010690) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hwashin stock KRW 10,459, price KRW 5,930, upside +76.4%, quality 41 out of 100. Rating: strongly undervalued. Calculated from audited financials with 16 of our 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 8, 2026.
How to read this chart
60‑month range 5,603 KRW – 20,333 KRW · fair‑value band 8,740 KRW – 11,763 KRW · the 5,930 KRW price screens below the 10,459 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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HWASHIN CO.,Ltd manufactures and sells automobile components.
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It offers chassis products, such as front and rear cross member type, front and rear lower arm, rear CTBA, rear trailing and assist arm, rear axle housing assembly, front upper arm, pedal, and fuel tank; body parts comprising REINF side outer, fender apron and member, center and rear floor, cowl complete and cross bar, bumper rail, and sun roof REINF products; AL suspension parts, including AL front cross members, AL FR lateral arms, AL FR compression arms, and AL RR L/arms; battery pack case; and digital clusters, electric water pumps, motor control units, body control unit, and DC-Converters.
HWASHIN CO.,Ltd was formerly known as Hwashin Industrial Corporation and changed its name to HWASHIN CO.,Ltd in March 1995. HWASHIN CO.,Ltd was founded in 1969 and is based in Yeongcheon-Si, South Korea.
Stock analysis
Hwashin (010690) currently trades at 5,930 KRW, while our model-based Fair Value estimate is 10,459 KRW, implying the stock looks roughly 43% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 37,780 KRW per share, and 14 of the 16 models we run sit above the 5,930 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,333 KRW, and 2 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 8,740 KRW (bear) to 11,763 KRW (bull), the price of 5,930 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 41/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Hwashin reported revenue of 2.0T KRW in FY2025 versus 1.2T KRW in FY2021, a compound +12.2%/yr. Reported net income was 66.7B KRW in FY2025, compounding +28.6%/yr from FY2021.
Key figures
Market cap 206B KRW (≈ $152M) Micro · P/E ratio 2.8 · P/S ratio 0.10 · EPS (TTM) 2,092 KRW · Dividend yield 2.9% · Net margin 3.6% · Return on equity 12.8% · Return on assets (EBIT) 6.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 62% 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 −23% fair-value upside, at 76%, 010690 screens cheaper than that median.
Fair Value models
Bear8,740 KRWFair Value 10,459 KRWBull11,763 KRW
Price 5,930 KRW · Upside +76.4%
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 (1,648 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.
Best data coverage
Residual Income12,778 KRW13,577 KRW15,277 KRW76
EPV14,021 KRW15,621 KRW16,878 KRW74
ROIC Compounder14,021 KRW15,621 KRW17,137 KRW72
All 16 models by family
Earnings-Based
Graham-Dodd13,054 KRW42,383 KRW56,601 KRW64
Lynch FV9,460 KRW13,515 KRW17,569 KRW61
PEG = 1.09,460 KRW13,515 KRW17,569 KRW57
EPV14,021 KRW15,621 KRW16,878 KRW74
Dividend Discount
Gordon GGM889.15 KRW1,365 KRW1,667 KRW69
DDM Multi-Stage889.15 KRW1,301 KRW1,478 KRW67
Multiples
P/E Multiple31,675 KRW42,233 KRW52,791 KRW63
P/S Multiple24,476 KRW32,635 KRW40,793 KRW58
P/B Multiple5,944 KRW7,925 KRW9,907 KRW55
EV/EBIT26,053 KRW39,320 KRW52,587 KRW65
EV/EBITDA30,458 KRW45,194 KRW59,930 KRW66
EV/Revenue13,080 KRW24,579 KRW36,077 KRW52
Asset-Based
NCAV (Graham)8,150 KRW10,921 KRW16,301 KRW54
Economic Profit
Residual Income12,778 KRW13,577 KRW15,277 KRW76
ROIC Compounder14,021 KRW15,621 KRW17,137 KRW72
Growth Earnings
Growth-Adj P/E26,446 KRW37,780 KRW49,114 KRW67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.60/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+14.6%
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.
+5.1%
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.
+12.6%
Start year 2020 (pandemic). Over 10 years: +4.6% a year
Revenue growth 25 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.
+9.6%
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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.
+35.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+32.4%
Dividend (yield on the price)2.9%
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.32.4% vs 3.4%, picking up
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.−1% → 5%
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.Auto Parts · 655 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside+76.4% · Top 25%
Profitability
Return on equity (12 months)12.8% · Top 25%
Return on assets4.3% · Above median
Net margin (12 months)3.6% · Below median
Operating margin (12 months)1.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)1.5% · Below median
Dividend yield (12 months)2.9% · Above median
Balance sheet
Debt / equity0.54× · Highest 25%
Valuation Multiplesvs Auto Parts 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). "Hwashin Fair Value". https://www.fairvalue-calculator.com/stock/010690
Frequently asked questions
Is Hwashin (010690) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 10,459 KRW versus a price of 5,930 KRW, about +76% upside (undervalued).
What is the fair value of 010690?
Our model-based fair value for Hwashin is 10,459 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 5,930 KRW.
What is the quality score of 010690?
Hwashin has a Quality Score of 41/100. 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 Hwashin (010690)?
Our model-based price target is the fair value of 10,459 KRW (as of Nov 8, 2026) from 16 valuation models. Cautious scenario 8,740 KRW, optimistic scenario 11,763 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hwashin stock forecast for 2026?
Our models put fair value at 10,459 KRW, about +76% upside versus a price of 5,930 KRW (undervalued). Cautious scenario 8,740 KRW, optimistic scenario 11,763 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hwashin (010690)?
Hwashin reported trailing-twelve-month revenue of about 2.0T KRW (latest available figure, as of Nov 8, 2026).
Does Hwashin pay a dividend?
Hwashin currently shows a dividend yield of 2.87% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Hwashin (010690) and when is the ex-dividend date?
Hwashin pays a dividend of 170.00 KRW per share a year, a dividend yield of 2.9%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2000. The payout ratio is 8.1% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Hwashin (010690)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hwashin it is 10,459 KRW per share (as of Nov 8, 2026), against a price of 5,930 KRW. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Hwashin stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 010690 trades below its calculated fair value: price 5,930 KRW, fair value 10,459 KRW, a gap of about +76% (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 010690?
No. The price is what the market pays today (5,930 KRW); the fair value is what the company's own numbers justify (10,459 KRW). For Hwashin the two are 4,529 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hwashin worth?
The market values Hwashin at about 206B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 5,930 KRW; our models calculate a fair value of 10,459 KRW per share.
What do the bullish and bearish scenarios say about 010690?
Our models span a range for Hwashin: cautious scenario 8,740 KRW, base 10,459 KRW, optimistic 11,763 KRW per share (as of Nov 8, 2026, price 5,930 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 010690?
Hwashin trades at a price-to-earnings ratio of 2.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 10,459 KRW is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings: 4.7. Other multiples: P/B 0.4, P/S 0.1, EV/EBITDA 2.0.
How solid is the balance sheet of Hwashin (010690)?
Balance-sheet figures for Hwashin (as of Nov 8, 2026): return on equity 12.8%, debt of 0.54 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 010690 from its 52-week high?
Hwashin trades at 5,930 KRW, about 62% below its 52-week high of 15,550 KRW and at the low of 5,930 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 10,459 KRW is for.
Which stocks are comparable to Hwashin?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry 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 Hwashin stock attractive at the current price?
The data as of Nov 8, 2026: price 5,930 KRW, calculated fair value 10,459 KRW (+76%), Quality Score 41/100, from 16 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 010690 calculated?
We run Hwashin through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 10,459 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. Hwashin currently trades 43% 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 Hwashin (010690)?
The closing price on Nov 6, 2026 was 5,930 KRW. Our model-based fair value is 10,459 KRW, about +76% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hwashin right now?
The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (8,740 KRW). The market is more pessimistic than our downside scenario.
Key figures of Hwashin
How large is the market capitalisation of Hwashin (010690)?
The market capitalisation of Hwashin is 206B KRW (≈ $152M). 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 Hwashin (010690)?
The price-to-sales ratio of Hwashin is 0.10 (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 Hwashin (010690)?
Earnings per share at Hwashin are 2,092 KRW (price ÷ EPS = P/E 2.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hwashin (010690)?
The dividend yield of Hwashin is 2.9% (payout 8.1%). 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 Hwashin (010690)?
The net margin of Hwashin is 3.6% (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 Hwashin (010690)?
The return on equity (ROE) of Hwashin is 12.8% (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 Hwashin (010690)?
On an EBIT basis the return on assets of Hwashin is 6.0% (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 Hwashin (010690)?
The operating margin of Hwashin is 1.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hwashin (010690)?
Revenue at Hwashin is growing +1.5% versus a year earlier (3y avg +5.1%). 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 Hwashin (010690)?
Earnings per share at Hwashin are growing +27.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hwashin (010690) generate?
The free cash flow of Hwashin is −146B 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 Hwashin (010690) carry?
The net debt of Hwashin is 478B KRW (fiscal year 2025). 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 8, 2026