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Hanyang ENG Co (045100) Fair Value & Analysis

Industrials · KR · Market cap 517B KRW

HE Hanyang ENG Co 045100 · KQ
Price30,000 KRW
Fair Value40,553 KRW
Upside+35.2%
Quality50/100
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Mixed Growth
Thin margins · 6.2% net margin
Low debt · negative free cash flow
2.21% dividend yield
Ranks above peers (7/7)
Narrow moat 39/100
Evidence: Medium Range 28,452 KRW – 52,719 KRW Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 18 days ago

Share price +2.9% over the past month.

A solid business, screening 35% undervalued on our models.

What matters now

  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (28,452 KRW to 52,719 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

38,400 KRW 10,810 KRW Fair Value 40,553 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 10,810 KRW – 38,400 KRW · fair‑value band 28,452 KRW – 52,719 KRW · the 30,000 KRW price screens below the 40,553 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

Hanyang ENG Co (045100) currently trades at 30,000 KRW, while our model-based Fair Value estimate is 40,553 KRW, implying the stock looks roughly 35.2% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Industrials 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, Hanyang ENG Co generated revenue of 1.1T KRW at a net margin of 6.2%. Revenue grew 59.6% year over year. Fundamentals as of Jul 22, 2026

Our scenario range runs from 28,452 KRW (bear case) to 52,719 KRW (bull case); at 30,000 KRW, the current price sits within 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 22% below its 52-week high and 79% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -23% fair-value upside, at 35%, 045100 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 BearBaseBull Evidence
Highest evidence
Residual Income 28,642 KRW 30,139 KRW 32,354 KRW 76
ROIC Compounder 27,045 KRW 31,103 KRW 34,711 KRW 72
Growth-Adj P/E 28,387 KRW 40,553 KRW 52,719 KRW 68
All 15 models by family
DCF Models
Owner Earnings 11,044 KRW 16,368 KRW 25,641 KRW 31
Earnings-Based
Graham-Dodd 15,958 KRW 65,398 KRW 89,061 KRW 54
Lynch FV 16,428 KRW 23,468 KRW 30,508 KRW 50
PEG = 1.0 16,428 KRW 23,468 KRW 30,508 KRW 46
EPV 27,045 KRW 31,103 KRW 34,711 KRW 59
Multiples
P/E Multiple 36,962 KRW 49,283 KRW 61,604 KRW 63
P/S Multiple 29,922 KRW 39,896 KRW 49,870 KRW 58
P/B Multiple 29,922 KRW 39,896 KRW 49,870 KRW 55
EV/EBIT 42,540 KRW 55,370 KRW 68,201 KRW 53
EV/EBITDA 42,257 KRW 54,994 KRW 67,730 KRW 54
EV/Revenue 31,521 KRW 43,295 KRW 55,068 KRW 43
Asset-Based
NCAV (Graham) 17,540 KRW 23,504 KRW 35,081 KRW 50
Economic Profit
Residual Income 28,642 KRW 30,139 KRW 32,354 KRW 76
ROIC Compounder 27,045 KRW 31,103 KRW 34,711 KRW 72
Growth Earnings
Growth-Adj P/E 28,387 KRW 40,553 KRW 52,719 KRW 68

Widest divergence: Multiples (43,295 KRW) versus DCF Models (16,368 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.1T KRW
Revenue growth (YoY) +59.6%
Net margin 6.2%
Return on equity 1,091%
Free cash flow −45.9B KRW FY2025
Operating margin 6.9%
More key figures
Dividend yield 2.2%
EPS growth (YoY) +127%

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 50 · Market factors (momentum, volatility) 58

Profitability 42
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 98
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

Hanyang ENG Co.,Ltd designs, manufactures, and constructs semiconductor facilities and equipment in South Korea and internationally.

Full company description

Hanyang ENG Co.,Ltd designs, manufactures, and constructs semiconductor facilities and equipment in South Korea and internationally. The company constructs various FAB facilities for semiconductor/display industries; and offers integrated services for warehousing, management, inspection, storage, and disposal of high-precision chemicals used for manufacturing semiconductors and displays. It also constructs and installs various industrial facilities for gases and chemicals companies; designs, delivers, constructs, and validates production facilities for bio/pharmaceutical companies; constructs fuel cell generation facilities and nuclear power plants; develops and constructs pilot facilities and equipment; and develops water treatment technologies. The company was founded in 1982 and is headquartered in Hwaseong, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hanyang ENG Co reported revenue of 1.1T KRW in FY2025 versus 891B KRW in FY2021, a compound +5.8%/yr. Reported net income was 41.8B KRW in FY2025, compounding −2.3%/yr from FY2021.

Growth Quality 35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.1T KRW
Latest YoY
−5.7%
Avg. growth/yr (3Y)
−1.3%
Avg. growth/yr (5Y)
+8.1%
Avg. growth/yr (19Y)
+8.6%
Revenue +5.8%/yr
FY21 891B KRW
FY22 1.2T KRW
FY23 1.0T KRW
FY24 1.2T KRW
FY25 1.1T KRW
Net income −2.3%/yr
FY21 45.8B KRW
FY22 69.8B KRW
FY23 77.4B KRW
FY24 76.3B KRW
FY25 41.8B KRW

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Cite: Fair Value Calculator (2026). "Hanyang ENG Co Fair Value". https://www.fairvalue-calculator.com/stock/045100

Peer Group

Construction & Engineering · 16 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 50 · Above median
Fair Value upside +35% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 6% · Top 25%
Operating margin (TTM) 7% · Top 25%
Revenue growth 60% · Top 25%
Debt / equity 0.04× · Lower than median

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 80 · sector 9
FUTURE 100 · sector 22
PAST 0 · sector 0
HEALTH 98 · sector 97
DIVIDEND 44 · sector 0

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 Construction & Engineering stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

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Frequently asked questions

Is Hanyang ENG Co (045100) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 40,553 KRW versus a price of 30,000 KRW, about +35% (undervalued).
What is the fair value of 045100?
Our model-based fair value for Hanyang ENG Co is 40,553 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 30,000 KRW.
What is the quality score of 045100?
Hanyang ENG Co has a Quality Score of 50/100. 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 Hanyang ENG Co (045100)?
Hanyang ENG Co reported trailing-twelve-month revenue of about 1.1T KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 045100?
The net profit margin of Hanyang ENG Co is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.
Does Hanyang ENG Co pay a dividend?
Hanyang ENG Co currently shows a dividend yield of about 2.21% 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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