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Data-driven stock valuation

Han Express (014130) fair value: what the stock is really worth

We calculate from audited financials what Han Express is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Industrials · KR · Market cap 30.6B KRW (≈ $21.4M) · ISIN KR7014130009

At a glance

HE Han Express 014130 · KO
Price2,450 KRW
Fair Value6,108 KRW
Upside+149.3%
Quality39/100

Below-average quality, trading 60% below our fair value of 6,108 KRW.

As of Aug 28, 2026, the fair value of Han Express is 6,108 KRW per share against a price of 2,450 KRW, so the fair value sits 149% above the price. A model estimate from reported figures, not an analyst target.

!Weak Growth (revenue 5y +0.5 %/yr)
!Loss-making · -2.0% net margin
!Low debt · negative free cash flow
!Trails peers (2/9)
!Narrow moat 16/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 4,137 KRW to 9,033 KRW

Fair value as of: Aug 28, 2026

From 5 valuation models · updated 10 days ago

Fair value updated Aug 28, 2026, revised from 6,569 KRW to 6,108 KRW (−7.0%) since Aug 13, 2026. Share price +1.9% over the past month.

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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (4,137 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.
  • A fairly wide model range (4,137 KRW to 9,033 KRW) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

8,256 KRW 2,005 KRW Fair Value 6,108 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range 2,005 KRW – 8,256 KRW · fair‑value band 4,137 KRW – 9,033 KRW · the 2,450 KRW price screens below the 6,108 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

Han Express (014130) currently trades at 2,450 KRW, while our model-based Fair Value estimate is 6,108 KRW, implying the stock looks roughly 59.9% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of 31,290 KRW per share, and 3 of the 5 models we run sit above the 2,450 KRW price. Bear case: the Dividend Discount group reads lowest at 1,624 KRW, and 2 of the 5 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Han Express generated revenue of 628B KRW at a net margin of −2.0%. Revenue declined 1.0% year over year. It earns a return on equity of −14.7%. Net debt stands at 92.1B KRW. Fundamentals as of Aug 28, 2026

Scenario range: 4,137 KRW (bear) to 9,033 KRW (bull), the price of 2,450 KRW sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 35% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −5% fair-value upside, at 149%, 014130 screens cheaper than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

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
Owner Earnings best evidence 12,443 KRW 18,457 KRW 27,284 KRW 76
EV/EBITDA 23,513 KRW 31,290 KRW 39,068 KRW 67
Gordon GGM 1,047 KRW 2,177 KRW 3,453 KRW 66
All 5 models by family
DCF Models
Owner Earnings best evidence 12,443 KRW 18,457 KRW 27,284 KRW 76
Dividend Discount
Gordon GGM 1,047 KRW 2,177 KRW 3,453 KRW 66
DDM Multi-Stage 1,047 KRW 1,624 KRW 2,240 KRW 66
Multiples
EV/EBITDA 23,513 KRW 31,290 KRW 39,068 KRW 67
Asset-Based
NCAV (Graham) 3,488 KRW 4,674 KRW 6,976 KRW 54

Widest divergence: Multiples (31,290 KRW) versus Dividend Discount (1,624 KRW). Highest evidence: Owner Earnings (76).

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Key figures & financial health

P/S ratio 0.05 TTM
Dividend yield 5.1%
Net margin −2.2% FY2025
Return on equity −14.7% TTM
Return on assets (EBIT) 1.1% avg 5y
Operating margin −1.4% TTM
More key figures
Growth
Revenue (TTM) 628B KRW TTM
Revenue growth (YoY) −1.0% 3y avg −9.8%
EPS growth (YoY) −54.0%
Balance sheet & cash flow
Free cash flow −8.2B KRW FY2025
Net debt 92.1B KRW FY2025

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 37 · Market factors (momentum, volatility) 37

Profitability 23
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Hanexpress.Co., Ltd provides logistics services in South Korea. The company offers general cargo, overweight/oversized cargo, bulk cargo, special cargo, explosives and defense industrial materials, stevedoring, consumer packaged goods, warehousing, and corporate moving services, as well as parcel delivery services for handling pharmaceuticals and hazardous …

Full company description

Hanexpress.Co., Ltd provides logistics services in South Korea. The company offers general cargo, overweight/oversized cargo, bulk cargo, special cargo, explosives and defense industrial materials, stevedoring, consumer packaged goods, warehousing, and corporate moving services, as well as parcel delivery services for handling pharmaceuticals and hazardous materials; and gas stations in Yeosu and Ulsan. It provides room temperature services, such as warehousing, value added, information technology (IT) system, bonded operations, returns management, and CS operation services; and cold chain logistics solutions, including 3PL, CVS and franchise logistics, and other services. In addition, the company offers international logistics services comprising air/ocean transportation services in the fields of general and bulk products, petrochemicals, hazardous materials, and semiconductors; packaging, custom clearance, shipment, marine insurance, and other services; import agent services; and onshore and offshore services for overseas EPC projects. Further, the company provides IT solutions, such as data mining, logistics information, high availability structures and solutions, web based visibility systems, and data through real-time backup systems. The company was founded in 1979 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

Han Express reported revenue of 630B KRW in FY2025 versus 776B KRW in FY2021, a compound −5.1%/yr. Reported net income was −13.8B KRW in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
630B KRW
Latest YoY
−11.6%
Avg. revenue 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.
−9.8%
Avg. revenue 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.
+0.5%
Avg. revenue 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.
+8.5%
EBIT margin (trend) 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.
1.7% (2020) → −0.6% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −5.1%/yr
FY21 776B KRW
FY22 858B KRW
FY23 668B KRW
FY24 712B KRW
FY25 630B KRW
Net income
FY21 2.9B KRW
FY22 7.0B KRW
FY23 −16.3B KRW
FY24 16.7B KRW
FY25 −13.8B KRW

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Cite: Fair Value Calculator (2026). "Han Express Fair Value". https://www.fairvalue-calculator.com/stock/014130

Peer Group

Integrated Freight & Logistics · 207 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
Quality Score 39 · Bottom 25%
Fair Value upside +149% · Top 25%
Profitability
Return on assets −1% · Bottom 25%
Net margin (TTM) −2% · Bottom 25%
Operating margin (TTM) −1% · Bottom 25%
Growth and dividend
Revenue growth −1% · Below median
Dividend yield (TTM) 5.1% · Top 25%
Balance sheet
Debt / equity 0.20× · Above median

Context: sector, industry, market

Strength profile in five axes (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
VALUE100 · sector 43
FUTURE0 · sector 8
PAST0 · sector 26
HEALTH90 · sector 94
DIVIDEND100 · sector 55

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $105.33 $103.34 −2%
FedEx Corporation FDX $322.52 $347.68 +8%
Deutsche Post AG DHL €56.14 €53.18 −5%
DSV A/S DSV kr 1,358 kr 712.57 −48%
Kuehne + Nagel International AG KNIN CHF 211.30 CHF 147.92 −30%
J.B. Hunt Transport Services, Inc JBHT $256.48 $133.80 −48%
S.F. Holding 002352 ¥32.96 ¥48.64 +48%
C.H. Robinson Worldwide, Inc CHRW $147.64 $86.56 −41%
Expeditors International of Washington, Inc EXPD $188.80 $115.95 −39%
ZTO Express (Cayman) Inc ZTO $21.50 $28.62 +33%

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Frequently asked questions

Is Han Express (014130) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of 6,108 KRW versus a price of 2,450 KRW, about +149% upside (undervalued).
What is the fair value of 014130?
Our model-based fair value for Han Express is 6,108 KRW (as of Aug 28, 2026), built from audited fundamentals. The current price: 2,450 KRW.
What is the quality score of 014130?
Han Express has a Quality Score of 39/100. 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 Han Express (014130)?
Our model-based price target is the fair value of 6,108 KRW (as of Aug 28, 2026) from 5 valuation models. Cautious scenario 4,137 KRW, optimistic scenario 9,033 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Han Express stock forecast for 2026?
Our models put fair value at 6,108 KRW, about +149% upside versus a price of 2,450 KRW (undervalued). Cautious scenario 4,137 KRW, optimistic scenario 9,033 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Han Express (014130)?
Han Express reported trailing-twelve-month revenue of about 628B KRW (latest available figure, as of Aug 28, 2026).
What is the net profit margin of 014130?
The net profit margin of Han Express is about −2.0%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Han Express pay a dividend?
Han Express currently shows a dividend yield of about 5.07% relative to its recent price (as of Aug 28, 2026).
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