Hanmi Semicon (042700) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hanmi Semicon KRW 91,724, price KRW 243,500, upside -62.3%, quality 70 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 10,117 KRW – 409,500 KRW · fair‑value band 49,399 KRW – 157,048 KRW · the 243,500 KRW price screens above the 91,724 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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HANMI Semiconductor Co., Ltd. manufactures and sells semiconductor equipment in South Korea and internationally.
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HANMI Semiconductor Co., Ltd. manufactures and sells semiconductor equipment in South Korea and internationally. The company offers bonder; micro SAW equipment; vision placement equipment; meta grinder; EMI shield vision attach and detach, EMI shield vision placement, EMI shield tape mounter, EMI shield tape laser cutting, EMI shield tape demounter, vision inspection, and converlay attach equipment; laser marking, laser ablation, and laser cutting equipment; and pick and place, strip mounter, and vision inspection equipment. HANMI Semiconductor Co., Ltd. was founded in 1980 and is based in Incheon, South Korea.
Stock analysis
Hanmi Semicon (042700) currently trades at 243,500 KRW, while our model-based Fair Value estimate is 91,724 KRW, implying the stock looks roughly 165.5% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 60,403 KRW per share, and 0 of the 26 models we run sit above the 243,500 KRW price.
Bear case: the Dividend Discount group reads lowest at 11,591 KRW, and 26 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: 49,399 KRW (bear) to 157,048 KRW (bull), the price of 243,500 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 70/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hanmi Semicon reported revenue of 577B KRW in FY2025 versus 373B KRW in FY2021, a compound +11.5%/yr. Reported net income was 214B KRW in FY2025, compounding +19.6%/yr from FY2021.
Key figures
Market cap 23.1T KRW (≈ $16.2B) · P/S ratio 44.9 · Dividend yield 0.3% · Net margin 37.1% · Return on equity 30.8% · Return on assets (EBIT) 24.9% · Operating margin 16.6% · Revenue (TTM) 480B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (medium confidence).
What moves the price
The share trades about 41% below its 52-week high and 174% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −34% fair-value upside, at −62%, 042700 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (4,876 KRW to 87,184 KRW). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 49,399 KRWFair Value 91,724 KRWBull 157,048 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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.2%
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.
+20.7%
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.
+17.5%
Start year 2020 (pandemic). Over 10 years: +17.2% a year
Revenue growth 19 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.
+8.4%
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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.
+17.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.2%
Dividend (yield on the price)0.3%
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.26% → 44%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+60.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+41.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +57.2% a year for the price and +38.7% for the forecasts.
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.Semiconductor Equipment & Materials · 217 stocks
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.
Cite: Fair Value Calculator (2026). "Hanmi Semicon Fair Value". https://www.fairvalue-calculator.com/stock/042700
Frequently asked questions
Is Hanmi Semicon (042700) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 91,724 KRW versus a price of 243,500 KRW, about −62% upside (overvalued).
What is the fair value of 042700?
Our model-based fair value for Hanmi Semicon is 91,724 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 243,500 KRW.
What is the quality score of 042700?
Hanmi Semicon has a Quality Score of 70/100. 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 Hanmi Semicon (042700)?
Our model-based price target is the fair value of 91,724 KRW (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 49,399 KRW, optimistic scenario 157,048 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hanmi Semicon stock forecast for 2026?
Our models put fair value at 91,724 KRW, about −62% upside versus a price of 243,500 KRW (overvalued). Cautious scenario 49,399 KRW, optimistic scenario 157,048 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hanmi Semicon (042700)?
Hanmi Semicon reported trailing-twelve-month revenue of about 480B KRW (latest available figure, as of Sep 24, 2026).
Does Hanmi Semicon pay a dividend?
Hanmi Semicon currently shows a dividend yield of about 0.33% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Hanmi Semicon (042700)?
For today's price to be fair in a discounted-cash-flow model, Hanmi Semicon would have to grow free cash flow by +60.5 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 042700 use?
Our models discount Hanmi Semicon at 12.1 %: a base by market capitalisation (large), damped by beta 2.03, 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 Hanmi Semicon that is +60.5 % per year a year over ten years, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has Hanmi Semicon (042700) delivered so far?
Over the past 5 years revenue at Hanmi Semicon grew +17.5 % a year. The price currently implies +60.5 % 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 Hanmi Semicon (042700) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Hanmi Semicon (+60.5 % 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 Hanmi Semicon (042700)?
The free-cash-flow yield on the price is 0.58 %: that much free cash flow Hanmi Semicon produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hanmi Semicon (042700)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hanmi Semicon it is 91,724 KRW per share (as of Sep 24, 2026), against a price of 243,500 KRW. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Hanmi Semicon stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 042700 trades above its calculated fair value: price 243,500 KRW, fair value 91,724 KRW, a gap of about −62% (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 042700?
No. The price is what the market pays today (243,500 KRW); the fair value is what the company's own numbers justify (91,724 KRW). For Hanmi Semicon the two are 151,776 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hanmi Semicon worth?
The market values Hanmi Semicon at about 23.1T KRW (market capitalisation, as of Sep 24, 2026). Per share that is 243,500 KRW; our models calculate a fair value of 91,724 KRW per share.
What do the bullish and bearish scenarios say about 042700?
Our models span a range for Hanmi Semicon: cautious scenario 49,399 KRW, base 91,724 KRW, optimistic 157,048 KRW per share (as of Sep 24, 2026, price 243,500 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 042700?
The PEG ratio of Hanmi Semicon is 1.16 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Hanmi Semicon (042700)?
Balance-sheet figures for Hanmi Semicon (as of Sep 24, 2026): return on equity 30.8%, debt of 0.02 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 042700 from its 52-week high?
Hanmi Semicon trades at 243,500 KRW, about 41% below its 52-week high of 409,500 KRW and 174% above the low of 88,983 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 91,724 KRW is for.
Which stocks are comparable to Hanmi Semicon?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA 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 Hanmi Semicon stock attractive at the current price?
The data as of Sep 24, 2026: price 243,500 KRW, calculated fair value 91,724 KRW (−62%), Quality Score 70/100, from 26 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 042700 calculated?
We run Hanmi Semicon through 26 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 91,724 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 14.1 % above its aggregate fair value. Hanmi Semicon 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 Hanmi Semicon (042700)?
The closing price on Sep 23, 2026 was 243,500 KRW. Our model-based fair value is 91,724 KRW, about −62% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hanmi Semicon right now?
A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (157,048 KRW). The favourable scenario is already priced in. The model range is unusually wide (49,399 KRW to 157,048 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Hanmi Semicon
How large is the market capitalisation of Hanmi Semicon (042700)?
The market capitalisation of Hanmi Semicon is 23.1T KRW (≈ $16.2B). 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 Hanmi Semicon (042700)?
The price-to-sales ratio of Hanmi Semicon is 44.9 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Hanmi Semicon (042700)?
The dividend yield of Hanmi Semicon is 0.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hanmi Semicon (042700)?
The net margin of Hanmi Semicon is 37.1% (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 Hanmi Semicon (042700)?
The return on equity (ROE) of Hanmi Semicon is 30.8% (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 Hanmi Semicon (042700)?
On an EBIT basis the return on assets of Hanmi Semicon is 24.9% (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 Hanmi Semicon (042700)?
The operating margin of Hanmi Semicon is 16.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hanmi Semicon (042700)?
Revenue at Hanmi Semicon is growing −65.5% versus a year earlier (3y avg +20.7%). 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 Hanmi Semicon (042700)?
Earnings per share at Hanmi Semicon are growing −65.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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