HANDSOME Corporation (020000) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 454B KRW

A solid business, screening 166% undervalued on our models.

What matters now

• The price is below even our cautious bear case (30,195 KRW). The market is more pessimistic than our downside scenario.
• Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
• A fairly wide model range (30,195 KRW to 54,454 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 Jul 24, 2026.

How to read this chart

60‑month range 13,262 KRW – 43,344 KRW · fair‑value band 30,195 KRW – 54,454 KRW · the 16,390 KRW price screens below the 43,521 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.

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Analysis

HANDSOME Corporation (020000) currently trades at 16,390 KRW, while our model-based Fair Value estimate is 43,521 KRW, implying the stock looks roughly 165.5% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, HANDSOME Corporation generated revenue of 1.5T KRW at a net margin of 3.6%. Revenue grew 7.9% year over year. It earns a return on equity of 3.9%. Net debt stands at 4.5B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 30,195 KRW (bear case) to 54,454 KRW (bull case); at 16,390 KRW, the current price sits below 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 43% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -3% fair-value upside, at 166%, 020000 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.

Widest divergence: Asset-Based (44,832 KRW) versus Economic Profit (15,241 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

HANDSOME Corporation manufactures and sells women's apparel in Korea, China, and Europe. The company offers luxury and casual apparels for men and women under the brand names TIME, MINE, Lanvin Collection, OBZEE, the CASHMERE, LATT, SYSTEM, SJSJ, O'2nd, SJYP, rouge & lounge, TIME Homme, SYSTEM HOMME, TOMMY HILFIGER, TOMMY JEANS, CLUB MONACO, DKNY, BALLY, …

Full company description

HANDSOME Corporation manufactures and sells women's apparel in Korea, China, and Europe. The company offers luxury and casual apparels for men and women under the brand names TIME, MINE, Lanvin Collection, OBZEE, the CASHMERE, LATT, SYSTEM, SJSJ, O'2nd, SJYP, rouge & lounge, TIME Homme, SYSTEM HOMME, TOMMY HILFIGER, TOMMY JEANS, CLUB MONACO, DKNY, BALLY, LANVIN, ROCHAS, 3.1 PHILLIP LIM, MUE, TOM GREYHOUND, FORUM THE STORE, FORUM LOUNGE, OUR LEGACY, LANVIN BLANC, TOTEME, GABRIELA HEARST, VERONICA BEARD, MOOSE KNUCKLES, LONDON UNDERGROUND, ASPESI, KITH, RE/DONE, ARGONA, and FEAR OF GOD. It also provides skincare products under the OERA, LIQUIDES PERFUME BAR, and FUEGUIA1833 brands; and lifestyle products, including kitchen, home furnishing, bath, and fragrance under the CASHMERE THINGS brand. The company was founded in 1987 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HANDSOME Corporation reported revenue of 1.5T KRW in FY2025 versus 1.4T KRW in FY2021, a compound +1.8%/yr. Reported net income was 46.2B KRW in FY2025, compounding −20.3%/yr from FY2021.

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Peer Group

Apparel Manufacturing · 212 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 Apparel Manufacturing 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.

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.