HRS Co. Ltd (036640) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of HRS Co. Ltd KRW 6,044, price KRW 5,010, upside +20.6%, quality 60 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 3,648 KRW – 7,976 KRW · fair‑value band 4,592 KRW – 8,043 KRW · the 5,010 KRW price screens below the 6,044 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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HRS Co., Ltd engages in the manufacture and sale of silicone products in South Korea. The company offers high consistency silicone rubber, liquid silicone rubber, room temperature vulcanizing silicone rubber, silicon sheets, pressure sensitive adhesives, silicone rubber articles, silicone emulsion, and fluorine silicone.
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HRS Co., Ltd engages in the manufacture and sale of silicone products in South Korea. The company offers high consistency silicone rubber, liquid silicone rubber, room temperature vulcanizing silicone rubber, silicon sheets, pressure sensitive adhesives, silicone rubber articles, silicone emulsion, and fluorine silicone. Its products are used in keypads, O/A rolls, industrial rolls, interconnectors, spark plug boots, jar packing, jar heaters, UL and high voltage wires, deforest heater codes, EMI shielding, thermal conductive pads, silicon sheets, close cell sponges, medical products, pacifiers, swimming caps/goggles, profile tubings, metal castings, high voltage insulators, bakeware, fabrics, and personal care products. The company was formerly known as Hae Ryong Silicoone Company Limited and changed its name to HRS Co., Ltd in March 2007. HRS Co., Ltd was founded in 1978 and is based in Seoul, South Korea.
Stock analysis
HRS Co. Ltd (036640) currently trades at 5,010 KRW, while our model-based Fair Value estimate is 6,044 KRW, implying the stock looks roughly 17.1% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 11,253 KRW per share, and 21 of the 22 models we run sit above the 5,010 KRW price.
Bear case: the Asset-Based group reads lowest at 5,418 KRW, and 1 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 4,592 KRW (bear) to 8,043 KRW (bull), the price of 5,010 KRW sits inside 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 60/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
HRS Co. Ltd reported revenue of 78.9B KRW in FY2025 versus 84.1B KRW in FY2021, a compound −1.6%/yr. Reported net income was 13.5B KRW in FY2025, compounding −10.2%/yr from FY2021.
Key figures
Market cap 80.1B KRW (≈ $58.9M) · P/S ratio 0.83 · Net margin 17.1% · Return on equity 1,223% · Return on assets (EBIT) 12.5% · Operating margin 18.8% · Revenue (TTM) 92.0B KRW · Revenue growth (YoY) −3.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 15% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 42% fair-value upside, at 21%, 036640 screens richer than that median.
Fair Value models
Bear 4,592 KRWFair Value 6,044 KRWBull 8,043 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−1.7%
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.
−2.9%
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.
+3.2%
Start year 2020 (pandemic). Over 10 years: +2.8% a year
Revenue growth 14 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.
+2.2%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+8.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.8% vs 13%, slowing
Profit margin 2020 to 2025 ⓘ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.15% → 17%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+1.2%
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 −0.9% 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.Automobiles & Auto Parts · 17 stocks
Beats the industry median on 5/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside+21% · Below median
Profitability
Return on assets9% · Top 25%
Net margin (TTM)15% · Top 25%
Operating margin (TTM)19% · Top 25%
Growth and dividend
Revenue growth−3% · Bottom 25%
Dividend yield (TTM)6.3% · Top 25%
Valuation Multiplesvs Automobiles & Auto Parts median · lower = cheaper
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Is HRS Co. Ltd (036640) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6,044 KRW versus a price of 5,010 KRW, about +21% upside (undervalued).
What is the fair value of 036640?
Our model-based fair value for HRS Co. Ltd is 6,044 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 5,010 KRW.
What is the quality score of 036640?
HRS Co. Ltd has a Quality Score of 60/100. 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 HRS Co. Ltd (036640)?
Our model-based price target is the fair value of 6,044 KRW (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 4,592 KRW, optimistic scenario 8,043 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the HRS Co. Ltd stock forecast for 2026?
Our models put fair value at 6,044 KRW, about +21% upside versus a price of 5,010 KRW (undervalued). Cautious scenario 4,592 KRW, optimistic scenario 8,043 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of HRS Co. Ltd (036640)?
HRS Co. Ltd reported trailing-twelve-month revenue of about 92.0B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into HRS Co. Ltd (036640)?
For today's price to be fair in a discounted-cash-flow model, HRS Co. Ltd would have to grow free cash flow by +1.2 % per year for five years (discount rate 13.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 036640 use?
Our models discount HRS Co. Ltd at 13.6 %: a base by market capitalisation (micro), damped by beta 1.14, 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 HRS Co. Ltd that is +1.2 % per year a year over ten years, using the same discount rate (13.6 %) and the same formula as our fair value.
How much growth has HRS Co. Ltd (036640) delivered so far?
Over the past 5 years revenue at HRS Co. Ltd grew +3.2 % a year. The price currently implies +1.2 % 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 HRS Co. Ltd (036640) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into HRS Co. Ltd (+1.2 % 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 HRS Co. Ltd (036640)?
The free-cash-flow yield on the price is 7.11 %: that much free cash flow HRS Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of HRS Co. Ltd (036640)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HRS Co. Ltd it is 6,044 KRW per share (as of Sep 24, 2026), against a price of 5,010 KRW. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is HRS Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 036640 trades below its calculated fair value: price 5,010 KRW, fair value 6,044 KRW, a gap of about +21% (undervalued). 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 036640?
No. The price is what the market pays today (5,010 KRW); the fair value is what the company's own numbers justify (6,044 KRW). For HRS Co. Ltd the two are 1,034 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is HRS Co. Ltd worth?
The market values HRS Co. Ltd at about 80.1B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 5,010 KRW; our models calculate a fair value of 6,044 KRW per share.
What do the bullish and bearish scenarios say about 036640?
Our models span a range for HRS Co. Ltd: cautious scenario 4,592 KRW, base 6,044 KRW, optimistic 8,043 KRW per share (as of Sep 24, 2026, price 5,010 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 036640 from its 52-week high?
HRS Co. Ltd trades at 5,010 KRW, about 7% below its 52-week high of 5,380 KRW and 15% above the low of 4,360 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 6,044 KRW is for.
Which stocks are comparable to HRS Co. Ltd?
From the same area (Consumer Cyclical) we also value ML, Hwashin Precision Engineering Co, Ilji Technology Co, Ecoplastic Corporation, 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 HRS Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 5,010 KRW, calculated fair value 6,044 KRW (+21%), Quality Score 60/100, from 22 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 036640 calculated?
We run HRS Co. Ltd through 22 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 6,044 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 13.0 % above its aggregate fair value. HRS Co. Ltd currently trades 21 % below its own fair value, and the market average says nothing about that. 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 HRS Co. Ltd (036640)?
The closing price on Sep 23, 2026 was 5,010 KRW. Our model-based fair value is 6,044 KRW, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HRS Co. Ltd right now?
Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of HRS Co. Ltd
How large is the market capitalisation of HRS Co. Ltd (036640)?
The market capitalisation of HRS Co. Ltd is 80.1B KRW (≈ $58.9M). 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 HRS Co. Ltd (036640)?
The price-to-sales ratio of HRS Co. Ltd is 0.83 (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 HRS Co. Ltd (036640)?
The net margin of HRS Co. Ltd is 17.1% (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 HRS Co. Ltd (036640)?
The return on equity (ROE) of HRS Co. Ltd is 1,223% (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 HRS Co. Ltd (036640)?
On an EBIT basis the return on assets of HRS Co. Ltd is 12.5% (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 HRS Co. Ltd (036640)?
The operating margin of HRS Co. Ltd is 18.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HRS Co. Ltd (036640)?
Revenue at HRS Co. Ltd is growing −3.4% versus a year earlier (3y avg −2.9%). 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 HRS Co. Ltd (036640)?
Earnings per share at HRS Co. Ltd are growing −36.6% versus a year earlier. How much earnings per share grew versus a year earlier.
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