Hancom Inc (030520) Fair Value & Analysis

Technology · KR · Market cap 384B KRW

A solid business, screening 66% undervalued on our models.

What matters now

• The rarer combination: high quality (72/100) AND below fair value. That earns a closer look rather than a quick verdict.
• The price is below even our cautious bear case (23,697 KRW). The market is more pessimistic than our downside scenario.

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 10,943 KRW – 33,903 KRW · fair‑value band 23,697 KRW – 39,495 KRW · the 19,000 KRW price screens below the 31,596 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.

Full chart & analysis →

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Analysis

Hancom Inc (030520) currently trades at 19,000 KRW, while our model-based Fair Value estimate is 31,596 KRW, implying the stock looks roughly 66.3% undervalued today. The Quality Score stands at 72/100 (solid quality), in the Technology 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: medium), always confirm before acting.

Over the trailing twelve months, Hancom Inc generated revenue of 394B KRW at a net margin of 15.3%. Revenue grew 15.8% year over year. Fundamentals as of Jul 22, 2026

Our scenario range runs from 23,697 KRW (bear case) to 39,495 KRW (bull case); at 19,000 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 46% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 8% fair-value upside, at 66%, 030520 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: DCF Models (52,729 KRW) versus Asset-Based (11,290 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Hancom Inc. develops software products in South Korea and internationally. The company offers Hancom Office, an office software to edit in various formats, as well as translate into various languages for Windows, Mac, android, and iOS devices; and EzPhoto 3 VP that recognizes the model of the camera used to take a photo and corrects the colors in an optimal …

Full company description

Hancom Inc. develops software products in South Korea and internationally. The company offers Hancom Office, an office software to edit in various formats, as well as translate into various languages for Windows, Mac, android, and iOS devices; and EzPhoto 3 VP that recognizes the model of the camera used to take a photo and corrects the colors in an optimal way. It also provides Hancom Space, a cloud-based office service, which offers Hancom's productivity tools; Hancom Office Web, a product for document editing and real-time simultaneous collaboration; and corporate office solutions for PCs and mobile devices. In addition, the company provides GenieTalk, a personal interpreter that aids conversation with native speakers; Wepubl, a tool to create e-books and build personal e-book store; Flexcil, a digital tool for reading and taking notes for iPads; and MalangMalang Talkafe, a messenger used from real-time translation chatting to various privacy protection functions. Hancom Inc. has a strategic partnership with HCL Technologies to share advanced software technology solutions and establish a mutual bridgehead for overseas expansion. Hancom Inc. was founded in 1990 and is based in Seongnam, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hancom Inc reported revenue of 327B KRW in FY2025 versus 242B KRW in FY2021, a compound +7.8%/yr. Reported net income was 34.4B KRW in FY2025, compounding +17.5%/yr from FY2021.

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Peer Group

Software & IT Services · 32 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 Software & IT Services 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.