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HS Ad Inc (035000) Fair Value & Analysis

Communication Services · KR · Market cap 94.0B KRW

HA HS Ad Inc 035000 · KO
Price6,630 KRW
Fair Value16,630 KRW
Upside+150.8%
Quality55/100
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Mixed Growth
Thin margins · 3.2% net margin
Low debt · negative free cash flow
9.48% dividend yield
Ranks above peers (7/9)
Narrow moat 30/100
Evidence: Medium Range 11,353 KRW – 21,112 KRW Share as image

Fair value as of: Jul 22, 2026

From 14 valuation models · updated 19 days ago

Share price +6.9% over the past month.

A solid business, screening 151% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (11,353 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (11,353 KRW to 21,112 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

8,990 KRW 3,740 KRW Fair Value 16,630 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 3,740 KRW – 8,990 KRW · fair‑value band 11,353 KRW – 21,112 KRW · the 6,630 KRW price screens below the 16,630 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

HS Ad Inc (035000) currently trades at 6,630 KRW, while our model-based Fair Value estimate is 16,630 KRW, implying the stock looks roughly 150.8% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Communication Services 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, HS Ad Inc generated revenue of 475B KRW at a net margin of 3.2%. Revenue declined 10.7% year over year. It earns a return on equity of 7.9%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 11,353 KRW (bear case) to 21,112 KRW (bull case); at 6,630 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 27% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -1% fair-value upside, at 151%, 035000 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.

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
Residual Income 10,956 KRW 11,791 KRW 13,939 KRW 76
ROIC Compounder 15,051 KRW 17,808 KRW 20,928 KRW 72
Growth-Adj P/E 13,240 KRW 18,914 KRW 24,588 KRW 68
All 14 models by family
DCF Models
Owner Earnings 19,341 KRW 26,503 KRW 36,657 KRW 31
Earnings-Based
Graham-Dodd 7,292 KRW 16,630 KRW 21,313 KRW 54
PEG = 1.0 2,762 KRW 3,946 KRW 5,130 KRW 46
EPV 14,812 KRW 16,804 KRW 18,546 KRW 59
Multiples
P/E Multiple 17,694 KRW 23,592 KRW 29,491 KRW 63
P/S Multiple 13,673 KRW 18,231 KRW 22,788 KRW 58
P/B Multiple 13,673 KRW 18,231 KRW 22,788 KRW 55
EV/EBIT 23,222 KRW 30,008 KRW 36,794 KRW 53
EV/EBITDA 25,758 KRW 33,389 KRW 41,019 KRW 54
EV/Revenue 18,303 KRW 24,919 KRW 31,535 KRW 43
Asset-Based
NCAV (Graham) 6,541 KRW 8,764 KRW 13,081 KRW 50
Economic Profit
Residual Income 10,956 KRW 11,791 KRW 13,939 KRW 76
ROIC Compounder 15,051 KRW 17,808 KRW 20,928 KRW 72
Growth Earnings
Growth-Adj P/E 13,240 KRW 18,914 KRW 24,588 KRW 68

Widest divergence: DCF Models (26,503 KRW) versus Asset-Based (8,764 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 475B KRW
Revenue growth (YoY) -10.7%
Net margin 3.2%
Return on equity 7.9%
Free cash flow −16.8B KRW FY2025
Operating margin -16.8%
More key figures
Dividend yield 7.4%
EPS growth (YoY) +24.7%

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 53 · Market factors (momentum, volatility) 39

Profitability 50
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 20
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

HS Ad Inc., together with its subsidiaries, operates as an advertising and marketing communications company in Korea and internationally. The company was formerly known as GIIR Inc. and changed its name to HS Ad Inc. in July 2023. The company was founded in 1962 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HS Ad Inc reported revenue of 484B KRW in FY2025 versus 458B KRW in FY2021, a compound +1.4%/yr. Reported net income was 17.4B KRW in FY2025, compounding +0.1%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
484B KRW
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.
+6.6%
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.
+0.5%
Avg. growth/yr (20Y) 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.
+5.3%
Revenue +1.4%/yr
FY21 458B KRW
FY22 530B KRW
FY23 548B KRW
FY24 555B KRW
FY25 484B KRW
Net income +0.1%/yr
FY21 17.3B KRW
FY22 17.5B KRW
FY23 16.2B KRW
FY24 22.7B KRW
FY25 17.4B KRW

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Cite: Fair Value Calculator (2026). "HS Ad Inc Fair Value". https://www.fairvalue-calculator.com/stock/035000

Peer Group

Advertising Agencies · 199 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 55 · Above median
Fair Value upside +151% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) -17% · Bottom 25%
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 9.5% · Top 25%

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 100 · sector 19
FUTURE 0 · sector 8
PAST 32 · sector 7
HEALTH 100 · sector 98
DIVIDEND 100 · sector 66

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 Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
AppLovin Corporation APP $506.98 $181.37 -64%
Publicis Groupe S.A PUB €87.16 €146.36 +68%
Omnicom Group OMC $80.75 $99.84 +24%
Focus Media Information Technology Co 002027 ¥5.00 ¥4.08 -18%
The Trade Desk, Inc TTD $19.37 $20.76 +7%
BlueFocus Intelligent Communications Group 300058 ¥13.81 ¥1.50 -89%
JCDecaux SE DEC €21.28 €20.99 -1%
WPP plc WPP $18.13 $18.56 +2%
Easy Click Worldwide Network Technology Co 301171 ¥28.85 ¥5.62 -81%
Magnite, Inc MGNI $19.91 $17.17 -14%

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Frequently asked questions

Is HS Ad Inc (035000) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 16,630 KRW versus a price of 6,630 KRW, about +151% (undervalued).
What is the fair value of 035000?
Our model-based fair value for HS Ad Inc is 16,630 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 6,630 KRW.
What is the quality score of 035000?
HS Ad Inc has a Quality Score of 55/100. 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 HS Ad Inc (035000)?
HS Ad Inc reported trailing-twelve-month revenue of about 475B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 035000?
The net profit margin of HS Ad Inc is about 3.2%, meaning it keeps roughly 3.2% of revenue as net income. Based on the latest reported figures.
Does HS Ad Inc pay a dividend?
HS Ad Inc currently shows a dividend yield of about 7.39% relative to its recent price (as of Jul 22, 2026).

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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