HMM Co (011200) Fair Value & Analysis

Industrials · KR · Market cap 19.0T KRW

Below-average quality, and screening another 45% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (14,812 KRW). The favourable scenario is already priced in.
• Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 12,653 KRW – 42,356 KRW · fair‑value band 8,607 KRW – 14,812 KRW · the 21,400 KRW price screens above the 11,849 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

HMM Co (011200) currently trades at 21,400 KRW, while our model-based Fair Value estimate is 11,849 KRW, implying the stock looks roughly 44.6% overvalued today. We read business quality at 43/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, HMM Co generated revenue of 10.8T KRW at a net margin of 13.9%. Revenue declined 4.8% year over year. It earns a return on equity of 5.4%. Net debt stands at 504B KRW. Fundamentals as of Jul 16, 2026

Our scenario range runs from 8,607 KRW (bear case) to 14,812 KRW (bull case); at 21,400 KRW, the current price sits above 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 16% below its 52-week high and 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 69% fair-value upside, at -45%, 011200 screens richer 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.

Widest divergence: DCF Models (35,619 KRW) versus Dividend Discount (9,131 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

HMM Co.,Ltd, an integrated logistics company, provides shipping and logistics services in Japan and internationally. The company offers container services for general, reefer, oversized, and dangerous cargo; bulk liners; trampers that include Cape, Panamax, Supramax, and Handy; tankers, such as crude and product tankers, and LNG carriers; and heavy lifts …

Full company description

HMM Co.,Ltd, an integrated logistics company, provides shipping and logistics services in Japan and internationally. The company offers container services for general, reefer, oversized, and dangerous cargo; bulk liners; trampers that include Cape, Panamax, Supramax, and Handy; tankers, such as crude and product tankers, and LNG carriers; and heavy lifts and project carriers. It also operates container terminals and provides intermodal services using rails, barges, and trucks. In addition, the company offers digital solutions, such as Hi-Quote online reservation platform; HMM eBL; vendor partners; and invoice payments, as well as interfaces, including API, HMM EDI, HMM e-Service, and HMM Chatbot. The company was formerly known as Hyundai Merchant Marine Co.,Ltd. and changed its name to HMM Co.,Ltd in March 2020. HMM Co.,Ltd was founded in 1976 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

HMM Co reported revenue of 10.9T KRW in FY2025 versus 13.8T KRW in FY2021, a compound −5.7%/yr. Reported net income was 1.9T KRW in FY2025, compounding −23.0%/yr from FY2021.

011200 screens 45% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

Peer Group

Marine Shipping · 227 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.

Valuation Multiples vs Marine Shipping median · lower = cheaper

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 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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Frequently asked questions

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.