Han Kook Steel (025890) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Han Kook Steel KRW 811, price KRW 2,655, upside -69.5%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 1,521 KRW – 8,240 KRW · fair‑value band 504.89 KRW – 1,122 KRW · the 2,655 KRW price screens above the 810.52 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Hankook Steel Co., Ltd. manufactures and sells steel products in South Korea.
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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.
Stock analysis
Han Kook Steel (025890) currently trades at 2,655 KRW, while our model-based Fair Value estimate is 810.52 KRW, implying the stock looks roughly 227.5% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 2,001 KRW per share, and 0 of the 10 models we run sit above the 2,655 KRW price.
Bear case: the Multiples group reads lowest at 370.21 KRW, and 10 of the 10 models stay below the price. Evidence for this calculation is medium.
Scenario range: 504.89 KRW (bear) to 1,122 KRW (bull), the price of 2,655 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 51/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Han Kook Steel 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.
Key figures
Market cap 29.6B KRW (≈ $20.7M) · P/S ratio 0.63 · Net margin −0.7% · Return on equity −1.1% · Return on assets (EBIT) 1.1% · Operating margin 0.7% · Revenue (TTM) 39.3B KRW · Revenue growth (YoY) −6.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 2% below its 52-week high and 75% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −69%, 025890 screens richer than that median.
Fair Value models
Bear 504.89 KRWFair Value 810.52 KRWBull 1,122 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.31/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−15.7%
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.
−9.8%
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.
+3.3%
Start year 2020 (pandemic). Over 10 years: +1.7% a year
Revenue growth 12 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.
+1.1%
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Profit margin (trend) ⓘ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.
−0.4% (2020) → −0.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
+16.8%
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 +14.5% a year for the price.
Price, fair value, quality and upside side by side.
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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.Steel · 418 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score51 · Above median
Fair Value upside−70% · Bottom 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)−1% · Bottom 25%
Operating margin (TTM)1% · Below median
Growth and dividend
Revenue growth−6% · Below median
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Steel median · lower = cheaper
P/FCF0.0× · Cheapest 25%
EV/EBITDA5.0× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)0· sector 3
PAST (return on equity)0· sector 15
HEALTH (low debt)93· sector 95
DIVIDEND (yield)0· sector 51
VALUE 0: the price sits above our fair-value range.
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 Han Kook Steel (025890) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 810.52 KRW versus a price of 2,655 KRW, about −69% upside (overvalued).
What is the fair value of 025890?
Our model-based fair value for Han Kook Steel is 810.52 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,655 KRW.
What is the quality score of 025890?
Han Kook Steel 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 price target for Han Kook Steel (025890)?
Our model-based price target is the fair value of 810.52 KRW (as of Sep 24, 2026) from 10 valuation models. Cautious scenario 504.89 KRW, optimistic scenario 1,122 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Han Kook Steel stock forecast for 2026?
Our models put fair value at 810.52 KRW, about −69% upside versus a price of 2,655 KRW (overvalued). Cautious scenario 504.89 KRW, optimistic scenario 1,122 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Han Kook Steel (025890)?
Han Kook Steel reported trailing-twelve-month revenue of about 39.3B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into Han Kook Steel (025890)?
For today's price to be fair in a discounted-cash-flow model, Han Kook Steel would have to grow free cash flow by +16.8 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 025890 use?
Our models discount Han Kook Steel at 8.9 %: a base by market capitalisation (nano), damped by beta 0.31, 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 Han Kook Steel that is +16.8 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Han Kook Steel (025890) delivered so far?
Over the past 5 years revenue at Han Kook Steel grew +3.3 % a year. The price currently implies +16.8 % per year free-cash-flow growth a 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 Han Kook Steel (025890) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Han Kook Steel (+16.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Han Kook Steel (025890)?
The free-cash-flow yield on the price is 3.57 %: that much free cash flow Han Kook Steel produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Han Kook Steel (025890)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Han Kook Steel it is 810.52 KRW per share (as of Sep 24, 2026), against a price of 2,655 KRW. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Han Kook Steel stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 025890 trades above its calculated fair value: price 2,655 KRW, fair value 810.52 KRW, a gap of about −69% (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 025890?
No. The price is what the market pays today (2,655 KRW); the fair value is what the company's own numbers justify (810.52 KRW). For Han Kook Steel the two are 1,844 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Han Kook Steel worth?
The market values Han Kook Steel at about 29.6B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 2,655 KRW; our models calculate a fair value of 810.52 KRW per share.
What do the bullish and bearish scenarios say about 025890?
Our models span a range for Han Kook Steel: cautious scenario 504.89 KRW, base 810.52 KRW, optimistic 1,122 KRW per share (as of Sep 24, 2026, price 2,655 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Han Kook Steel (025890)?
Balance-sheet figures for Han Kook Steel (as of Sep 24, 2026): return on equity −1.1%, debt of 0.13 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 025890 from its 52-week high?
Han Kook Steel trades at 2,655 KRW, about 2% below its 52-week high of 2,700 KRW and 75% above the low of 1,521 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 810.52 KRW is for.
Which stocks are comparable to Han Kook Steel?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata Steel Limited, 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 Han Kook Steel stock attractive at the current price?
The data as of Sep 24, 2026: price 2,655 KRW, calculated fair value 810.52 KRW (−69%), Quality Score 51/100, from 10 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 025890 calculated?
We run Han Kook Steel through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 810.52 KRW, 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 13.2 % above its aggregate fair value. Han Kook Steel 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 Han Kook Steel (025890)?
The closing price on Sep 23, 2026 was 2,655 KRW. Our model-based fair value is 810.52 KRW, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Han Kook Steel right now?
The price sits above even our optimistic bull case (1,122 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. A fairly wide model range (504.89 KRW to 1,122 KRW) leaves room in how you read the outcome.
Key figures of Han Kook Steel
How large is the market capitalisation of Han Kook Steel (025890)?
The market capitalisation of Han Kook Steel is 29.6B KRW (≈ $20.7M). 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 Han Kook Steel (025890)?
The price-to-sales ratio of Han Kook Steel is 0.63 (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 Han Kook Steel (025890)?
The net margin of Han Kook Steel is −0.7% (fiscal year 2025). 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 Han Kook Steel (025890)?
The return on equity (ROE) of Han Kook Steel is −1.1% (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 Han Kook Steel (025890)?
On an EBIT basis the return on assets of Han Kook Steel is 1.1% (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 Han Kook Steel (025890)?
The operating margin of Han Kook Steel is 0.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Han Kook Steel (025890)?
Revenue at Han Kook Steel is growing −6.3% versus a year earlier (3y avg −9.8%). 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 Han Kook Steel (025890)?
Earnings per share at Han Kook Steel are growing −85.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Han Kook Steel (025890) carry?
The net debt of Han Kook Steel is 953M KRW (fiscal year 2024, ≈ 0.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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