Hanil Forging Industrial Co. Ltd (024740) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hanil Forging Industrial Co. Ltd stock KRW 1,334, price KRW 1,903, that is 29.9% below the price, quality 44 out of 100. Rating: overvalued. Calculated from audited financials with 20 of our 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 9, 2026.
How to read this chart
60‑month range 1,830 KRW – 5,460 KRW · fair‑value band 1,255 KRW – 1,563 KRW · the 1,903 KRW price screens above the 1,334 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.
Follow Hanil Forging Industrial Co. in your weekly email
Every Wednesday you see whether Hanil Forging Industrial Co. is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Hanil Forging Industrial Co., Ltd. produces and supplies automobile components in South Korea and internationally.
Show moreShow less
The company provides axle shafts, spindles, ring gears, hammer forgings, and aluminum forgings for use in SUVs, trucks, buses, trailers, electric trains, ships, aircrafts, and passenger cars, as well as in industrial machinery.
It also offers defense industrial products, which are used in antitanks, warships, aircrafts, and heavy weapons; radial forgings for use in ship building, plants, industrial machines, railroad vehicles, iron manufacturing facilities, wind power, nuclear power, etc.; bevel gears for passenger cars and commercial vehicles; and firewall parts for use in Korean mobile helicopters.
The company was founded in 1966 and is headquartered in Changwon, South Korea.
Stock analysis
Hanil Forging Industrial Co. Ltd (024740) currently trades at 1,903 KRW, while our model-based Fair Value estimate is 1,334 KRW, 30% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of 1,907 KRW per share, and 5 of the 20 models we run sit above the 1,903 KRW price.
Bear case: the Earnings-Based group reads lowest at 799.99 KRW, and 15 of the 20 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,255 KRW (bear) to 1,563 KRW (bull), the price of 1,903 KRW sits above 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 44/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Hanil Forging Industrial Co. Ltd reported revenue of 127B KRW in FY2025 versus 152B KRW in FY2021, a compound −4.5%/yr. Reported net income was 1.5B KRW in FY2025.
Key figures
Market cap 68.3B KRW (≈ $50.5M) Micro · P/S ratio 0.40 · Net margin −1.4% · Return on equity 454% · Return on assets (EBIT) 2.3% (5-year average) · Operating margin 2.5% · Revenue (TTM) 173B KRW · Revenue growth (YoY) +23.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 30% fair-value upside, at −30%, 024740 screens richer than that median.
Fair Value models
Bear1,255 KRWFair Value 1,334 KRWBull1,563 KRW
Price 1,903 KRW · Downside -29.9%
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.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 DCF1,477 KRW1,716 KRW2,106 KRW81
Growth DCF1,500 KRW1,724 KRW2,063 KRW79
Owner Earnings1,453 KRW1,687 KRW2,067 KRW77
All 20 models by family
DCF Models
FCF DCF1,477 KRW1,716 KRW2,106 KRW81
Owner Earnings1,453 KRW1,687 KRW2,067 KRW77
5Y Revenue Exit1,380 KRW1,704 KRW2,175 KRW73
5Y EBITDA Exit2,310 KRW3,305 KRW4,628 KRW75
5Y P/E Exit1,339 KRW1,632 KRW1,987 KRW71
10Y Revenue Exit1,406 KRW1,627 KRW1,859 KRW67
10Y EBITDA Exit1,900 KRW2,470 KRW3,089 KRW69
10Y P/E Exit1,401 KRW1,589 KRW1,764 KRW64
Earnings-Based
Graham-Dodd337.48 KRW434.80 KRW496.69 KRW67
EPV1,096 KRW1,165 KRW1,221 KRW73
Multiples
P/E Multiple818.90 KRW1,092 KRW1,365 KRW63
P/S Multiple632.78 KRW843.71 KRW1,055 KRW57
P/B Multiple1,821 KRW2,428 KRW3,035 KRW55
EV/EBITn/a73.08 KRW>292.32 KRW60
EV/EBITDA1,388 KRW2,387 KRW3,387 KRW65
Asset-Based
NCAV (Graham)1,034 KRW1,566 KRW1,958 KRW54
Growth DCF
Growth DCF1,500 KRW1,724 KRW2,063 KRW79
Economic Profit
Residual Income2,474 KRW2,648 KRW2,872 KRW71
ROIC Compounder1,096 KRW1,165 KRW1,221 KRW71
Growth Earnings
Growth-Adj P/E577.26 KRW824.65 KRW1,072 KRW67
The fair value above starts from this blend and is adjusted for a cyclical trough 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.38/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−9.2%
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.
−10.6%
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.
−1.7%
Start year 2020 (pandemic). Over 10 years: −1.8% a year
Revenue growth 17 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.
+2.4%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in KRW ⓘ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. 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.
−15.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.9%
Dividend (yield on the price)0.0%
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.−15.9% vs −12.5%, slowing
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.0% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 5.2%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+61.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +58.6% a year for the price.
Compare Hanil Forging Industrial Co. Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Automobiles & Auto Parts · 15 stocks
Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Bottom 25%
Fair Value upside−29.9% · Bottom 25%
Profitability
Return on assets0.6% · Bottom 25%
Net margin (12 months)1.2% · Bottom 25%
Operating margin (12 months)2.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)23.8% · Below median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Automobiles & Auto Parts 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.
Is Hanil Forging Industrial Co. Ltd (024740) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 1,334 KRW versus a price of 1,903 KRW, about 30% lower (overvalued).
What is the fair value of 024740?
Our model-based fair value for Hanil Forging Industrial Co. Ltd is 1,334 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 1,903 KRW.
What is the quality score of 024740?
Hanil Forging Industrial Co. Ltd has a Quality Score of 44/100. 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 Hanil Forging Industrial Co. Ltd (024740)?
Our model-based price target is the fair value of 1,334 KRW (as of Nov 9, 2026) from 20 valuation models. Cautious scenario 1,255 KRW, optimistic scenario 1,563 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hanil Forging Industrial Co. Ltd stock forecast for 2026?
Our models put fair value at 1,334 KRW, about 30% lower versus a price of 1,903 KRW (overvalued). Cautious scenario 1,255 KRW, optimistic scenario 1,563 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hanil Forging Industrial Co. Ltd (024740)?
Hanil Forging Industrial Co. Ltd reported trailing-twelve-month revenue of about 173B KRW (latest available figure, as of Nov 9, 2026).
What growth is priced into Hanil Forging Industrial Co. Ltd (024740)?
For today's price to be fair in a discounted-cash-flow model, Hanil Forging Industrial Co. Ltd would have to grow free cash flow by +61.9 % per year for five years (discount rate 12.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.8 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 024740 use?
Our models discount Hanil Forging Industrial Co. Ltd at 12.8 %: a base by market capitalisation (micro), damped by beta 0.90, 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 Hanil Forging Industrial Co. Ltd that is +61.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.8 %) and the same formula as our fair value.
How much growth has Hanil Forging Industrial Co. Ltd (024740) delivered so far?
Over the past 5 years revenue at Hanil Forging Industrial Co. Ltd grew -1.8 % a year. The price currently implies free-cash-flow growth of +61.9 % 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 Hanil Forging Industrial Co. Ltd (024740) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Hanil Forging Industrial Co. Ltd (+61.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hanil Forging Industrial Co. Ltd (024740)?
The free-cash-flow yield on the price is 1.01 %: that much free cash flow Hanil Forging Industrial Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hanil Forging Industrial Co. Ltd (024740)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hanil Forging Industrial Co. Ltd it is 1,334 KRW per share (as of Nov 9, 2026), against a price of 1,903 KRW. It is the blended result of 20 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hanil Forging Industrial Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 024740 trades above its calculated fair value: price 1,903 KRW, fair value 1,334 KRW, a gap of about −30% (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 024740?
No. The price is what the market pays today (1,903 KRW); the fair value is what the company's own numbers justify (1,334 KRW). For Hanil Forging Industrial Co. Ltd the two are 568.83 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hanil Forging Industrial Co. Ltd worth?
The market values Hanil Forging Industrial Co. Ltd at about 68.3B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 1,903 KRW; our models calculate a fair value of 1,334 KRW per share.
What do the bullish and bearish scenarios say about 024740?
Our models span a range for Hanil Forging Industrial Co. Ltd: cautious scenario 1,255 KRW, base 1,334 KRW, optimistic 1,563 KRW per share (as of Nov 9, 2026, price 1,903 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hanil Forging Industrial Co. Ltd (024740)?
Balance-sheet figures for Hanil Forging Industrial Co. Ltd (as of Nov 9, 2026): return on equity 453.8%, debt of 0.06 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 024740 from its 52-week high?
Hanil Forging Industrial Co. Ltd trades at 1,903 KRW, about 52% below its 52-week high of 3,945 KRW and 1% above the low of 1,892 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,334 KRW is for.
Which stocks are comparable to Hanil Forging Industrial Co. Ltd?
From the same area (Consumer Cyclical) we also value ML, GTCAP, ESTec Corporation, Hwashin Precision Engineering Co, 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 Hanil Forging Industrial Co. Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 1,903 KRW, calculated fair value 1,334 KRW (−30%), Quality Score 44/100, from 20 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 024740 calculated?
We run Hanil Forging Industrial Co. Ltd through 20 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,334 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 13.3% above its aggregate fair value. Hanil Forging Industrial Co. Ltd 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 Hanil Forging Industrial Co. Ltd (024740)?
The closing price on Nov 6, 2026 was 1,903 KRW. Our model-based fair value is 1,334 KRW, about 30% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hanil Forging Industrial Co. Ltd right now?
The price sits above even our optimistic bull case (1,563 KRW). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Hanil Forging Industrial Co. Ltd
How large is the market capitalisation of Hanil Forging Industrial Co. Ltd (024740)?
The market capitalisation of Hanil Forging Industrial Co. Ltd is 68.3B KRW (≈ $50.5M). 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 Hanil Forging Industrial Co. Ltd (024740)?
The price-to-sales ratio of Hanil Forging Industrial Co. Ltd is 0.40 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Hanil Forging Industrial Co. Ltd (024740)?
The net margin of Hanil Forging Industrial Co. Ltd is −1.4% (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 Hanil Forging Industrial Co. Ltd (024740)?
The return on equity (ROE) of Hanil Forging Industrial Co. Ltd is 454% (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 Hanil Forging Industrial Co. Ltd (024740)?
On an EBIT basis the return on assets of Hanil Forging Industrial Co. Ltd is 2.3% (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 Hanil Forging Industrial Co. Ltd (024740)?
The operating margin of Hanil Forging Industrial Co. Ltd is 2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hanil Forging Industrial Co. Ltd (024740)?
Revenue at Hanil Forging Industrial Co. Ltd is growing +23.8% versus a year earlier (3y avg −10.6%). 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 Hanil Forging Industrial Co. Ltd (024740)?
Earnings per share at Hanil Forging Industrial Co. Ltd are growing +777% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hanil Forging Industrial Co. Ltd (024740) carry?
The net debt of Hanil Forging Industrial Co. Ltd is 60.6B KRW (fiscal year 2025, ≈ 96.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Hanil Forging Industrial Co. Ltd in the live analysis
One click puts Hanil Forging Industrial Co. Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 9, 2026