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Hwaseung Corporation Co Ltd (013520) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 119B KRW

HC Hwaseung Corporation Co Ltd 013520 · KO
Price2,450 KRW
Fair Value2,071 KRW
Upside-15.5%
Quality51/100
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Strengths

Healthy Growth
Low debt · generates free cash flow

Risks

!Trades 15% ABOVE our fair value of 2,071 KRW
!Thin margins · 4.6% net margin
!Mixed vs. peers (5/10)
!Narrow moat 38/100
Healthy Growth
Thin margins · 4.6% net margin
Low debt · generates free cash flow
2.91% dividend yield
Mixed vs. peers (5/10)
Narrow moat 38/100
Evidence: Medium Range 1,395 KRW – 2,824 KRW Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 7 days ago

Fair value updated Aug 13, 2026, revised from 2,145 KRW to 2,071 KRW (−3.5%) since Jul 24, 2026. Share price −2.0% over the past month.

A solid business, but screening 15% overvalued on our models.

What matters now

  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (1,395 KRW to 2,824 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

3,475 KRW 997.50 KRW Fair Value 2,071 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 997.50 KRW – 3,475 KRW · fair‑value band 1,395 KRW – 2,824 KRW · the 2,450 KRW price screens above the 2,071 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Hwaseung Corporation Co Ltd (013520) currently trades at 2,450 KRW, while our model-based Fair Value estimate is 2,071 KRW, implying the stock looks roughly 15.5% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical 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, Hwaseung Corporation Co Ltd generated revenue of 1.6T KRW at a net margin of 4.6%. Revenue declined 0.7% year over year. It earns a return on equity of 14.5%. Net debt stands at 374B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1,395 KRW (bear case) to 2,824 KRW (bull case); at 2,450 KRW, the current price sits within 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 39% below its 52-week high and 39% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at -15%, 013520 screens cheaper 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.

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
Highest evidence
Growth DCF 23,053 KRW 31,789 KRW 43,657 KRW 80
Residual Income 11,163 KRW 15,280 KRW 95,063 KRW 76
Rev-Margin DCF 18,505 KRW 27,012 KRW 36,113 KRW 74
All 23 models by family
DCF Models
FCF DCF 22,394 KRW 31,738 KRW 44,970 KRW 38
Owner Earnings 14,688 KRW 20,698 KRW 29,209 KRW 31
5Y Revenue Exit 18,505 KRW 26,722 KRW 36,718 KRW 39
5Y EBITDA Exit 22,824 KRW 34,363 KRW 47,146 KRW 41
5Y P/E Exit 23,912 KRW 36,287 KRW 48,524 KRW 38
10Y Revenue Exit 19,299 KRW 26,886 KRW 36,054 KRW 36
10Y EBITDA Exit 22,465 KRW 32,037 KRW 43,616 KRW 37
10Y P/E Exit 23,143 KRW 33,333 KRW 44,616 KRW 35
Earnings-Based
Graham-Dodd 11,313 KRW 25,636 KRW 32,826 KRW 54
PEG = 1.0 4,227 KRW 6,039 KRW 7,851 KRW 46
EPV 16,368 KRW 18,963 KRW 21,234 KRW 59
Multiples
P/E Multiple 27,449 KRW 36,599 KRW 45,749 KRW 63
P/S Multiple 21,211 KRW 28,281 KRW 35,352 KRW 58
P/B Multiple 18,120 KRW 24,160 KRW 30,200 KRW 55
EV/EBIT 25,322 KRW 33,497 KRW 41,672 KRW 53
EV/EBITDA 26,288 KRW 34,785 KRW 43,282 KRW 54
EV/Revenue 17,328 KRW 24,414 KRW 31,499 KRW 43
Asset-Based
NCAV (Graham) 3,020 KRW 4,047 KRW 6,040 KRW 50
Growth DCF
Growth DCF 23,053 KRW 31,789 KRW 43,657 KRW 80
Rev-Margin DCF 18,505 KRW 27,012 KRW 36,113 KRW 74
Economic Profit
Residual Income 11,163 KRW 15,280 KRW 95,063 KRW 76
ROIC Compounder 16,921 KRW 20,318 KRW 23,807 KRW 72
Growth Earnings
Growth-Adj P/E 20,504 KRW 29,291 KRW 38,078 KRW 68

Widest divergence: DCF Models (31,738 KRW) versus Asset-Based (4,047 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.6T KRW
Revenue growth (YoY) -0.7%
Net margin 4.6%
Return on equity 14.5%
Free cash flow 95.7B KRW FY2025
Operating margin 6.3%
More key figures
Dividend yield 2.9%
EPS growth (YoY) -18.0%
Net debt 374B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 52 · Market factors (momentum, volatility) 42

Profitability 63
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 37
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 44
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Hwaseung Corporation Co.,Ltd. provides automobile parts and products. The company's products portfolio comprises weather strips comprising front and rear glass moldings, glass runs, trunk lids, and inner and outer door belts, as well as hood(seal), sun roof, fixed, door opening, door seal, and door drip weather strips; and hose products, such as air …

Full company description

Hwaseung Corporation Co.,Ltd. provides automobile parts and products. The company's products portfolio comprises weather strips comprising front and rear glass moldings, glass runs, trunk lids, and inner and outer door belts, as well as hood(seal), sun roof, fixed, door opening, door seal, and door drip weather strips; and hose products, such as air conditioning, power steering return, fuel, radiator, brake vacuum, heater, fuel filler, power steering pressure, hydraulic brake, and intercooler hoses. Hwaseung Corporation Co.,Ltd. was founded in 1953 and is based in Yangsan-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hwaseung Corporation Co Ltd reported revenue of 1.6T KRW in FY2025 versus 1.4T KRW in FY2021, a compound +4.0%/yr. Reported net income was 78.0B KRW in FY2025.

Growth Quality 68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.6T KRW
Latest YoY
+4.8%
Avg. growth/yr (3Y) 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.
+1.1%
Avg. growth/yr (5Y) 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.
+4.5%
Avg. growth/yr (25Y) 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.
+8.4%
Revenue +4.0%/yr
FY21 1.4T KRW
FY22 1.6T KRW
FY23 1.6T KRW
FY24 1.6T KRW
FY25 1.6T KRW
Net income
FY21 −42.3B KRW
FY22 2.8B KRW
FY23 3.5B KRW
FY24 26.7B KRW
FY25 78.0B KRW

013520 screens 15% overvalued. Compare with Hyundai Mobis Co →

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Cite: Fair Value Calculator (2026). "Hwaseung Corporation Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/013520

Peer Group

Auto Parts · 647 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.

Quality Score 52 · Below median
Fair Value upside −16% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 6% · Below median
Revenue growth -1% · Below median
Dividend yield (TTM) 3.1% · Above median
Debt / equity 0.28× · Higher than 75% of peers

Valuation Multiples vs Auto Parts median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE13 · sector 18
FUTURE0 · sector 24
PAST58 · sector 26
HEALTH86 · sector 95
DIVIDEND61 · sector 31

Values & ESG

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

None of the checked exposures detected

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Magna International Inc MGAN 1,122 MXN 1,142 MXN +2%
Samvardhana Motherson International Limited MOTHERSON ₹169.58 ₹80.63 -52%
Bosch Limited BOSCHLTD ₹48,700 ₹11,534 -76%
Bharat Forge Limited BHARATFORG ₹2,082 ₹393.20 -81%
Uno Minda Limited UNOMINDA ₹1,232 ₹426.57 -65%
Schaeffler India Limited SCHAEFFLER ₹4,126 ₹1,412 -66%
Hankook Tire & Technology Co 161390 71,500 KRW 196,479 KRW +175%
Balkrishna Industries Limited BALKRISIND ₹2,376 ₹1,237 -48%
Endurance Technologies Limited ENDURANCE ₹2,987 ₹1,384 -54%

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Frequently asked questions

Is Hwaseung Corporation Co Ltd (013520) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 2,071 KRW versus a price of 2,450 KRW, about −15% (overvalued).
What is the fair value of 013520?
Our model-based fair value for Hwaseung Corporation Co Ltd is 2,071 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 2,450 KRW.
What is the quality score of 013520?
Hwaseung Corporation Co Ltd has a Quality Score of 51/100. 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 revenue of Hwaseung Corporation Co Ltd (013520)?
Hwaseung Corporation Co Ltd reported trailing-twelve-month revenue of about 1.6T KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 013520?
The net profit margin of Hwaseung Corporation Co Ltd is about 4.6%, meaning it keeps roughly 4.6% of revenue as net income. Based on the latest reported figures.
Does Hwaseung Corporation Co Ltd pay a dividend?
Hwaseung Corporation Co Ltd currently shows a dividend yield of about 3.04% relative to its recent price (as of Aug 13, 2026).

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.

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