THN Corporation (019180) Fair Value & Analysis
Consumer Cyclical · KR · Market cap 108B KRW
Strengths
Risks
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 7 days ago
Fair value updated Aug 13, 2026, revised from 5,345 KRW to 5,161 KRW (−3.5%) since Jul 24, 2026. Share price −4.8% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (3,395 KRW to 8,009 KRW) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 2,485 KRW – 9,680 KRW · fair‑value band 3,395 KRW – 8,009 KRW · the 5,340 KRW price screens above the 5,161 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.
Analysis
THN Corporation (019180) currently trades at 5,340 KRW, while our model-based Fair Value estimate is 5,161 KRW, implying the stock looks roughly 3.4% fairly valued today. The Quality Score stands at 63/100 (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: high).
Over the trailing twelve months, THN Corporation generated revenue of 1.1T KRW at a net margin of 7.4%. Revenue grew 62.1% year over year. It earns a return on equity of 40.6%. Net debt stands at 47.3B KRW. Fundamentals as of Aug 13, 2026
Our scenario range runs from 3,395 KRW (bear case) to 8,009 KRW (bull case); at 5,340 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 48% below its 52-week high and 98% 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 -3%, 019180 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.
All 24 models by family
Widest divergence: Growth Earnings (77,421 KRW) versus Asset-Based (8,364 KRW). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 47
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
THN Corporation manufactures and sells automotive electronics in South Korea and internationally. It offers electric and electronic distribution systems; electronic control network products; and junction blocks and 48V converter parts, as well as wires and parts for reducing the weight of wiring. The company was formerly known as Dong-hae corp.
Full company description
THN Corporation manufactures and sells automotive electronics in South Korea and internationally. It offers electric and electronic distribution systems; electronic control network products; and junction blocks and 48V converter parts, as well as wires and parts for reducing the weight of wiring. The company was formerly known as Dong-hae corp. and changed its name to THN Corporation in 2008. THN Corporation was founded in 1986 and is headquartered in Daegu, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
THN Corporation reported revenue of 989B KRW in FY2025 versus 403B KRW in FY2021, a compound +25.2%/yr. Reported net income was 68.7B KRW in FY2025, compounding +41.4%/yr from FY2021.
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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.
Valuation Multiples vs Auto Parts 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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hyundai Mobis Co 012330 | 511,000 KRW | 643,909 KRW | +26% |
| 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
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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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