Hannong Chemicals Inc (011500) Fair Value & Analysis

Basic Materials · KR · Market cap 185B KRW

Below-average quality, and screening another 54% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (7,853 KRW). The favourable scenario is already priced in.
• Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 9,743 KRW – 26,900 KRW · fair‑value band 4,712 KRW – 7,853 KRW · the 13,700 KRW price screens above the 6,283 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

Full chart & analysis →

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Analysis

Hannong Chemicals Inc (011500) currently trades at 13,700 KRW, while our model-based Fair Value estimate is 6,283 KRW, implying the stock looks roughly 54.1% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Basic Materials 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: medium).

Over the trailing twelve months, Hannong Chemicals Inc generated revenue of 211B KRW at a net margin of 1.9%. Revenue declined 4.9% year over year. It earns a return on equity of 2.4%. Net debt stands at 22.5B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 4,712 KRW (bear case) to 7,853 KRW (bull case); at 13,700 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 53% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -54%, 011500 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: Asset-Based (7,472 KRW) versus Earnings-Based (1,160 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Hannong Chemicals Inc. produces and sells chemical raw materials in South Korea. The company offers glycol ethers for use as solvents or industrial intermediates in semiconductors, electronic goods, paints, inks, dyes, detergents, machine oils, brake fluids, and anti-freezing agents; non-ionic surfactants; polyols for use as an intermediate for …

Full company description

Hannong Chemicals Inc. produces and sells chemical raw materials in South Korea. The company offers glycol ethers for use as solvents or industrial intermediates in semiconductors, electronic goods, paints, inks, dyes, detergents, machine oils, brake fluids, and anti-freezing agents; non-ionic surfactants; polyols for use as an intermediate for polyurethane, polyester, epoxy, and polycarbonic acid types of plasticizers; and functional monomers for ultraviolet and electronic beam system coatings. It also provides glyme and propionates for electronic materials; anionic surfactant products for household and industrial detergents, as well as for emulsion polymerization; emulsifiers; and carbomer products for applications in gels, creams, and lotions, as well as personal care ingredients. The company was founded in 1976 and is headquartered in Gunsan-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hannong Chemicals Inc reported revenue of 214B KRW in FY2025 versus 269B KRW in FY2021, a compound −5.5%/yr. Reported net income was 3.9B KRW in FY2025, compounding −33.4%/yr from FY2021.

011500 screens 54% overvalued. Compare with BASF SE →

Peer Group

Chemicals · 333 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 Chemicals 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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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.