Hankuk Carbon (017960) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hankuk Carbon stock KRW 12,443, price KRW 14,250, that is 12.7% below the price, quality 61 out of 100. Rating: overvalued. Calculated from audited financials with 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 7, 2026.
How to read this chart
60‑month range 8,809 KRW – 52,200 KRW · fair‑value band 7,703 KRW – 20,977 KRW · the 14,250 KRW price screens above the 12,443 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Hankuk Carbon Co., Ltd. produces and sells carbon fiber, synthetic resin, and glass paper related products in South Korea.
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The company offers carbon, glass, hybrid, unidirectional prepreg fabric (UPF), and continuous strand mat (CSM) fabrics to serve aerospace, railway, automobile, and sports and leisure industries; prepreg, a semi-cured composite material that impregnates resin into reinforcing materials such as fibers; glass and carbon papers used in flooring, electrical insulation, and heat-resistant boards; foams; aramid honeycomb core, serving aviation, ships, and construction industries; sheet molding compounds; photosensitive dry films and structural adhesive films; multilayer sheets; and thermoplastic prepregs, as well as carbon, glass, and pultruded plates.
Hankuk Carbon Co., Ltd. was incorporated in 1984 and is headquartered in Miryang-si, South Korea.
Stock analysis
Hankuk Carbon (017960) currently trades at 14,250 KRW, while our model-based Fair Value estimate is 12,443 KRW, 13% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 46,987 KRW per share, and 22 of the 26 models we run sit above the 14,250 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,567 KRW, and 4 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 7,703 KRW (bear) to 20,977 KRW (bull), the price of 14,250 KRW sits inside 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 61/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hankuk Carbon reported revenue of 909B KRW in FY2025 versus 368B KRW in FY2021, a compound +25.4%/yr. Reported net income was 102B KRW in FY2025, compounding +63.2%/yr from FY2021.
Key figures
Market cap 736B KRW (≈ $540M) Small · P/E ratio 7.1 · P/S ratio 0.81 · EPS (TTM) 1,986 KRW · Dividend yield 0.7% · Net margin 11.3% · Return on equity 17.1% · Return on assets (EBIT) 6.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 73% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −25% fair-value upside, at −13%, 017960 screens cheaper than that median.
Fair Value models
Bear7,703 KRWFair Value 12,443 KRWBull20,977 KRW
Price 14,250 KRW · Downside -12.7%
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 (1,612 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
FCF DCF20,761 KRW32,517 KRW61,308 KRW77
Growth DCF19,850 KRW34,364 KRW57,930 KRW76
EPV18,041 KRW20,312 KRW22,188 KRW74
All 26 models by family
DCF Models
FCF DCF20,761 KRW32,517 KRW61,308 KRW77
Owner Earnings16,005 KRW30,780 KRW56,765 KRW73
5Y Revenue Exit19,850 KRW36,272 KRW63,938 KRW70
5Y EBITDA Exit22,110 KRW41,264 KRW71,455 KRW72
5Y P/E Exit23,134 KRW45,392 KRW73,326 KRW68
10Y Revenue Exit19,278 KRW36,079 KRW59,196 KRW65
10Y EBITDA Exit21,273 KRW39,745 KRW71,871 KRW65
10Y P/E Exit21,911 KRW41,406 KRW73,440 KRW61
Earnings-Based
Graham-Dodd13,388 KRW88,093 KRW123,313 KRW63
Lynch FV25,676 KRW36,680 KRW47,684 KRW61
PEG = 1.025,676 KRW36,680 KRW47,684 KRW57
EPV18,041 KRW20,312 KRW22,188 KRW74
Dividend Discount
Gordon GGM926.89 KRW1,627 KRW2,190 KRW68
DDM Multi-Stage926.89 KRW1,507 KRW1,743 KRW67
Multiples
P/E Multiple25,103 KRW33,471 KRW41,838 KRW63
P/S Multiple19,785 KRW26,380 KRW32,975 KRW58
P/B Multiple9,961 KRW13,282 KRW16,602 KRW55
EV/EBIT25,584 KRW34,453 KRW43,323 KRW66
EV/EBITDA22,422 KRW30,237 KRW38,052 KRW67
EV/Revenue17,443 KRW25,357 KRW33,271 KRW53
Asset-Based
NCAV (Graham)1,844 KRW2,793 KRW3,492 KRW54
Growth DCF
Growth DCF19,850 KRW34,364 KRW57,930 KRW76
Rev-Margin DCF19,850 KRW36,952 KRW61,841 KRW70
Economic Profit
Residual Income11,071 KRW15,012 KRW24,760 KRW73
ROIC Compounder20,889 KRW27,722 KRW36,540 KRW72
Growth Earnings
Growth-Adj P/E32,891 KRW46,987 KRW61,083 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+22.5%
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.
+35.0%
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.
+17.2%
Start year 2020 (pandemic). Over 10 years: +14.1% a year
Revenue growth 14 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.
+14.8%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+8.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.0%
Dividend (yield on the price)0.7%
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.36.2% vs 17.5%, 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.18% → 14%
2025 sits 357% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−0.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −2.7% a year for the price and +2.7% for the forecasts.
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.Chemicals · 336 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−12.7% · Above median
Profitability
Return on equity (12 months)17.1% · Top 25%
Return on assets9.8% · Top 25%
Net margin (12 months)11.3% · Above median
Operating margin (12 months)20.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)5.2% · Below median
Dividend yield (12 months)0.7% · Below median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Chemicals 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). "Hankuk Carbon Fair Value". https://www.fairvalue-calculator.com/stock/017960
Frequently asked questions
Is Hankuk Carbon (017960) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 12,443 KRW versus a price of 14,250 KRW, about 13% lower (overvalued).
What is the fair value of 017960?
Our model-based fair value for Hankuk Carbon is 12,443 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 14,250 KRW.
What is the quality score of 017960?
Hankuk Carbon has a Quality Score of 61/100. 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 Hankuk Carbon (017960)?
Our model-based price target is the fair value of 12,443 KRW (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 7,703 KRW, optimistic scenario 20,977 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hankuk Carbon stock forecast for 2026?
Our models put fair value at 12,443 KRW, about 13% lower versus a price of 14,250 KRW (overvalued). Cautious scenario 7,703 KRW, optimistic scenario 20,977 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hankuk Carbon (017960)?
Hankuk Carbon reported trailing-twelve-month revenue of about 908B KRW (latest available figure, as of Nov 7, 2026).
Does Hankuk Carbon pay a dividend?
Hankuk Carbon currently shows a dividend yield of 0.70% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Hankuk Carbon (017960) and when is the ex-dividend date?
Hankuk Carbon pays a dividend of 100.00 KRW per share a year, a dividend yield of 0.7%. The last ex-dividend date was Sep 29, 2026. A dividend has been paid every year since 2003. The payout ratio is 5.0% of earnings. Free cash flow covers the dividend 16.01 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Hankuk Carbon (017960)?
For today's price to be fair in a discounted-cash-flow model, Hankuk Carbon would have to grow free cash flow by -0.7 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.2 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 017960 use?
Our models discount Hankuk Carbon at 11.5 %: a base by market capitalisation (small), damped by beta 0.95, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hankuk Carbon that is -0.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has Hankuk Carbon (017960) delivered so far?
Over the past 5 years revenue at Hankuk Carbon grew +17.2 % a year. The price currently implies free-cash-flow growth of -0.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hankuk Carbon (017960) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Hankuk Carbon (-0.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hankuk Carbon (017960)?
The free-cash-flow yield on the price is 11.53 %: that much free cash flow Hankuk Carbon produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hankuk Carbon (017960)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hankuk Carbon it is 12,443 KRW per share (as of Nov 7, 2026), against a price of 14,250 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hankuk Carbon stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 017960 trades above its calculated fair value: price 14,250 KRW, fair value 12,443 KRW, a gap of about −13% (overvalued). 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 017960?
No. The price is what the market pays today (14,250 KRW); the fair value is what the company's own numbers justify (12,443 KRW). For Hankuk Carbon the two are 1,807 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hankuk Carbon worth?
The market values Hankuk Carbon at about 736B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 14,250 KRW; our models calculate a fair value of 12,443 KRW per share.
What do the bullish and bearish scenarios say about 017960?
Our models span a range for Hankuk Carbon: cautious scenario 7,703 KRW, base 12,443 KRW, optimistic 20,977 KRW per share (as of Nov 7, 2026, price 14,250 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 017960?
Hankuk Carbon trades at a price-to-earnings ratio of 7.1 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 12,443 KRW is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings: 20.8. Other multiples: P/B 1.3, P/S 0.8, EV/EBITDA 3.7.
How solid is the balance sheet of Hankuk Carbon (017960)?
Balance-sheet figures for Hankuk Carbon (as of Nov 7, 2026): return on equity 17.1%, debt of 0.04 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 017960 from its 52-week high?
Hankuk Carbon trades at 14,250 KRW, about 73% below its 52-week high of 52,200 KRW and at the low of 14,250 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 12,443 KRW is for.
Which stocks are comparable to Hankuk Carbon?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Dow Inc, Ningxia Baofeng Energy 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 Hankuk Carbon stock attractive at the current price?
The data as of Nov 7, 2026: price 14,250 KRW, calculated fair value 12,443 KRW (−13%), Quality Score 61/100, from 26 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 017960 calculated?
We run Hankuk Carbon through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 12,443 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 13.0% above its aggregate fair value. Hankuk Carbon itself currently trades above fair value. 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 Hankuk Carbon (017960)?
The closing price on Nov 6, 2026 was 14,250 KRW. Our model-based fair value is 12,443 KRW, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hankuk Carbon right now?
The model range is unusually wide (7,703 KRW to 20,977 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Hankuk Carbon
How large is the market capitalisation of Hankuk Carbon (017960)?
The market capitalisation of Hankuk Carbon is 736B KRW (≈ $540M). 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 Hankuk Carbon (017960)?
The price-to-sales ratio of Hankuk Carbon is 0.81 (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 Hankuk Carbon (017960)?
Earnings per share at Hankuk Carbon are 1,986 KRW (price ÷ EPS = P/E 7.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hankuk Carbon (017960)?
The dividend yield of Hankuk Carbon is 0.7% (payout 5.0%). 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 Hankuk Carbon (017960)?
The net margin of Hankuk Carbon is 11.3% (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 Hankuk Carbon (017960)?
The return on equity (ROE) of Hankuk Carbon is 17.1% (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 Hankuk Carbon (017960)?
On an EBIT basis the return on assets of Hankuk Carbon is 6.1% (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 Hankuk Carbon (017960)?
The operating margin of Hankuk Carbon is 20.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hankuk Carbon (017960)?
Revenue at Hankuk Carbon is growing +5.2% versus a year earlier (3y avg +35.0%). 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 Hankuk Carbon (017960)?
Earnings per share at Hankuk Carbon are growing +18.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hankuk Carbon (017960) carry?
The net debt of Hankuk Carbon is 52.9B KRW (fiscal year 2025, ≈ 0.6 yrs of FCF). 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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Broad data
Nov 7, 2026