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Hankook Steel Co (025890) Fair Value & Analysis

Basic Materials · KR · Market cap 24.8B KRW

HS Hankook Steel Co 025890 · KO
Price2,490 KRW
Fair Value641.79 KRW
Upside-74.2%
Quality51/100
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Mixed Growth
Loss-making · -1.0% net margin
Low debt · generates free cash flow
Trails peers (3/10)
Narrow moat 19/100
Evidence: Medium Range 459.96 KRW – 823.62 KRW Share as image

Fair value as of: Jul 22, 2026

From 10 valuation models · updated 19 days ago

Share price +12.7% over the past month.

A solid business, but screening 74% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (823.62 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

8,240 KRW 1,521 KRW Fair Value 641.79 KRW Mar 2021 Aug 2026

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 1,521 KRW – 8,240 KRW · fair‑value band 459.96 KRW – 823.62 KRW · the 2,490 KRW price screens above the 641.79 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.

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Analysis

Hankook Steel Co (025890) currently trades at 2,490 KRW, while our model-based Fair Value estimate is 641.79 KRW, implying the stock looks roughly 74.2% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials 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: medium).

Over the trailing twelve months, Hankook Steel Co generated revenue of 39.3B KRW at a net margin of -1.0%. Revenue declined 6.3% year over year. It earns a return on equity of -1.1%. Net debt stands at 953M KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 459.96 KRW (bear case) to 823.62 KRW (bull case); at 2,490 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 near its 52-week high and 67% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at -74%, 025890 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.

Model 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. Evidence
Highest evidence
Growth DCF 607.22 KRW 958.39 KRW 1,559 KRW 80
Rev-Margin DCF 484.14 KRW 885.90 KRW 1,379 KRW 74
EV/EBITDA 188.38 KRW 370.21 KRW 552.04 KRW 54
All 10 models by family
DCF Models
FCF DCF 564.33 KRW 926.12 KRW 1,596 KRW 38
5Y Revenue Exit 484.14 KRW 864.29 KRW 1,417 KRW 39
5Y EBITDA Exit 284.75 KRW 519.10 KRW 829.76 KRW 41
10Y Revenue Exit 485.72 KRW 772.11 KRW 1,079 KRW 36
10Y EBITDA Exit 387.40 KRW 558.65 KRW 733.95 KRW 37
Multiples
EV/EBITDA 188.38 KRW 370.21 KRW 552.04 KRW 54
EV/Revenue 505.76 KRW 875.56 KRW 1,245 KRW 43
Asset-Based
NCAV (Graham) 1,493 KRW 2,001 KRW 2,986 KRW 50
Growth DCF
Growth DCF 607.22 KRW 958.39 KRW 1,559 KRW 80
Rev-Margin DCF 484.14 KRW 885.90 KRW 1,379 KRW 74

Widest divergence: Asset-Based (2,001 KRW) versus Multiples (370.21 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 39.3B KRW
Revenue growth (YoY) -6.3%
Net margin -1.0%
Return on equity -1.1%
Free cash flow 1.1B KRW FY2025
Operating margin 0.7%
More key figures
EPS growth (YoY) +47.6%
Net debt 953M KRW FY2024

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 51 · Market factors (momentum, volatility) 71

Profitability 25
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

Hankook Steel Co., Ltd. manufactures and sells steel products in South Korea. The company offers castings, including rudder horns, propeller boss, lower casting, stern boss and tubes, and tillers for shipbuilding; crowns, frames, column, discharge heads, roll chocks, slag pots, tee dies, bending dies, girth gears, holding blocks, mill housing, tables, and …

Full company description

Hankook Steel Co., Ltd. manufactures and sells steel products in South Korea. The company offers castings, including rudder horns, propeller boss, lower casting, stern boss and tubes, and tillers for shipbuilding; crowns, frames, column, discharge heads, roll chocks, slag pots, tee dies, bending dies, girth gears, holding blocks, mill housing, tables, and trunnions for industrial purpose; and turbine casting, valve body, butterfly valves, and gate valves for power generation applications. It also provides ingot for forging, such as general, round, and E.S.R ingots. The company was founded in 1960 and is headquartered in Haman-myeon, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hankook Steel Co reported revenue of 39.9B KRW in FY2025 versus 45.3B KRW in FY2021, a compound −3.1%/yr. Reported net income was −291M KRW in FY2025.

Growth Quality 31/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
39.9B KRW
Latest YoY
−15.7%
Avg. growth/yr (3Y) 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.
−9.8%
Avg. growth/yr (5Y) 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.
+3.3%
Avg. growth/yr (12Y) 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.
+1.1%
Revenue −3.1%/yr
FY21 45.3B KRW
FY22 54.4B KRW
FY23 53.8B KRW
FY24 47.3B KRW
FY25 39.9B KRW
Net income
FY21 −1.8B KRW
FY22 1.7B KRW
FY23 2.5B KRW
FY24 762M KRW
FY25 −291M KRW

025890 screens 74% overvalued. Compare with Tata Steel Limited →

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Cite: Fair Value Calculator (2026). "Hankook Steel Co Fair Value". https://www.fairvalue-calculator.com/stock/025890

Peer Group

Steel · 378 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.

Quality Score 51 · Above median
Fair Value upside −74% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth -6% · Below median
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Steel median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 5.0× · Cheaper than median

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 · sector 19
FUTURE 0 · sector 4
PAST 0 · sector 15
HEALTH 93 · sector 95
DIVIDEND 0 · sector 41

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is Hankook Steel Co (025890) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 641.79 KRW versus a price of 2,490 KRW, about −74% (overvalued).
What is the fair value of 025890?
Our model-based fair value for Hankook Steel Co is 641.79 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 2,490 KRW.
What is the quality score of 025890?
Hankook Steel Co has a Quality Score of 51/100. 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 revenue of Hankook Steel Co (025890)?
Hankook Steel Co reported trailing-twelve-month revenue of about 39.3B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 025890?
The net profit margin of Hankook Steel Co is about -1.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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