Hanil Forging Industrial Co (024740) Fair Value & Analysis
Consumer Cyclical · KR · Market cap 68.9B KRW
Fair value as of: Jul 22, 2026
From 23 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from 843.71 KRW to 966.09 KRW (+14.5%) since Jul 6, 2026. Share price +2.8% over the past month.
Below-average quality, and screening another 56% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (1,228 KRW). The favourable scenario is already priced in.
- Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.
How to read this chart
60‑month range 1,830 KRW – 5,460 KRW · fair‑value band 937.68 KRW – 1,228 KRW · the 2,180 KRW price screens above the 966.09 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Hanil Forging Industrial Co (024740) currently trades at 2,180 KRW, while our model-based Fair Value estimate is 966.09 KRW, implying the stock looks roughly 55.7% overvalued today. The Quality Score stands at 45/100 (below-average 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, Hanil Forging Industrial Co generated revenue of 173B KRW at a net margin of -1.4%. Revenue grew 23.8% year over year. Net debt stands at 60.6B KRW. Fundamentals as of Jul 22, 2026
Our scenario range runs from 937.68 KRW (bear case) to 1,228 KRW (bull case); at 2,180 KRW, the current price sits above 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 55% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 51% fair-value upside, at -56%, 024740 screens richer 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 23 models by family
Widest divergence: Asset-Based (3,116 KRW) versus Dividend Discount (245.61 KRW). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 25
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
Hanil Forging Industrial Co., Ltd. produces and supplies automobile components in South Korea and internationally. 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.
Full company description
Hanil Forging Industrial Co., Ltd. produces and supplies automobile components in South Korea and internationally. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hanil Forging Industrial Co 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.
024740 screens 56% overvalued. Compare with ML →
Peer Group
Consumer Discretionary · 3552 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Automobiles & Auto Parts” was too small, so the broader sector is used.)
Valuation Multiples vs Consumer Discretionary 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.
VALUE 0: the price sits above our fair-value range.
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.
Similar stocks
10 more Automobiles & Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ML ML | €34.87 | €37.91 | +9% |
| GTPPB GTPPB | 976.50 PHP | 3,167 PHP | +224% |
| Hwashin Precision Engineering Co 126640 | 3,560 KRW | 5,883 KRW | +65% |
| Ilji Technology Co 019540 | 6,180 KRW | 4,911 KRW | -21% |
| Ecoplastic Corporation 038110 | 1,990 KRW | 1,090 KRW | -45% |
| HRS Co 036640 | 4,715 KRW | 8,615 KRW | +83% |
| Mobase Co 101330 | 3,155 KRW | 9,785 KRW | +210% |
| Guyoung Technology Co 053270 | 1,909 KRW | 1,235 KRW | -35% |
| Seojin Automotive Co 122690 | 1,578 KRW | 2,388 KRW | +51% |
| CBI Co 013720 | 2,345 KRW | 1,526 KRW | -35% |
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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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