HANBIT SOFT Inc (047080) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of HANBIT SOFT Inc KRW 2,110, price KRW 1,054, upside +100.2%, quality 81 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 882.00 KRW – 7,500 KRW · fair‑value band 1,698 KRW – 2,602 KRW · the 1,054 KRW price screens below the 2,110 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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HANBIT SOFT Inc. operates in the online gaming industry in South Korea and internationally. It offers PC online games comprising Audition, a stylish rhythm dance game; and Aika, Granado Espada, and HELLGATE: London, an action role-playing game.
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HANBIT SOFT Inc. operates in the online gaming industry in South Korea and internationally. It offers PC online games comprising Audition, a stylish rhythm dance game; and Aika, Granado Espada, and HELLGATE: London, an action role-playing game. The company also provides mobile games, such as Club Audition, a rhythm dance game; Puzzle Audition, a puzzle battle game; Fishing Together, a fishing game using The Fishermen and the City IP; and Granado Espada M. In addition, it offers Hellgate VR, a VR shooting game based on Hellgate: London; and engages in content business. HANBIT SOFT Inc. was founded in 1999 and is headquartered in Seoul, South Korea.
Stock analysis
HANBIT SOFT Inc (047080) currently trades at 1,054 KRW, while our model-based Fair Value estimate is 2,110 KRW, implying the stock looks roughly 50.0% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 4,026 KRW per share, and 18 of the 24 models we run sit above the 1,054 KRW price.
Bear case: the Economic Profit group reads lowest at 310.68 KRW, and 6 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 1,698 KRW (bear) to 2,602 KRW (bull), the price of 1,054 KRW sits below 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 81/100 (high quality), in the Communication Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
HANBIT SOFT Inc reported revenue of 37.9B KRW in FY2025 versus 64.1B KRW in FY2021, a compound −12.3%/yr. Reported net income was 5.2B KRW in FY2025, compounding +112.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 26.2B KRW (≈ $19.2M) · P/S ratio 0.66 · Net margin 13.8% · Return on equity 38.3% · Return on assets (EBIT) −5.5% · Operating margin 25.5% · Revenue (TTM) 38.1B KRW · Revenue growth (YoY) +2.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 50% fair-value upside, at 100%, 047080 screens cheaper than that median.
Fair Value models
Bear 1,698 KRWFair Value 2,110 KRWBull 2,602 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
+13.8%
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.
−12.4%
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.
−7.9%
Start year 2020 (pandemic). Over 10 years: +5.5% 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.
−1.0%
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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.
≈ +31.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+31.5%
Dividend (yield on the price)0.0%
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.−2% → 1%
⚠ Revenue per share shrinking 1.6%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Approximate: the rate leans on 2025, which sits 178% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
−23.6%
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 −25.2% 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.Electronic Gaming & Multimedia · 149 stocks
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Is HANBIT SOFT Inc (047080) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2,110 KRW versus a price of 1,054 KRW, about +100% upside (undervalued).
What is the fair value of 047080?
Our model-based fair value for HANBIT SOFT Inc is 2,110 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,054 KRW.
What is the quality score of 047080?
HANBIT SOFT Inc has a Quality Score of 81/100. 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 HANBIT SOFT Inc (047080)?
Our model-based price target is the fair value of 2,110 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 1,698 KRW, optimistic scenario 2,602 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the HANBIT SOFT Inc stock forecast for 2026?
Our models put fair value at 2,110 KRW, about +100% upside versus a price of 1,054 KRW (undervalued). Cautious scenario 1,698 KRW, optimistic scenario 2,602 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of HANBIT SOFT Inc (047080)?
HANBIT SOFT Inc reported trailing-twelve-month revenue of about 38.1B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into HANBIT SOFT Inc (047080)?
For today's price to be fair in a discounted-cash-flow model, HANBIT SOFT Inc would have to grow free cash flow by -23.6 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 047080 use?
Our models discount HANBIT SOFT Inc at 8.9 %: a base by market capitalisation (nano), damped by beta 0.07, 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 HANBIT SOFT Inc that is -23.6 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has HANBIT SOFT Inc (047080) delivered so far?
Over the past 5 years revenue at HANBIT SOFT Inc grew -7.9 % a year. The price currently implies -23.6 % 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 HANBIT SOFT Inc (047080) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into HANBIT SOFT Inc (-23.6 % 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 HANBIT SOFT Inc (047080)?
The free-cash-flow yield on the price is 17.23 %: that much free cash flow HANBIT SOFT Inc produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of HANBIT SOFT Inc (047080)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HANBIT SOFT Inc it is 2,110 KRW per share (as of Sep 24, 2026), against a price of 1,054 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is HANBIT SOFT Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 047080 trades below its calculated fair value: price 1,054 KRW, fair value 2,110 KRW, a gap of about +100% (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 047080?
No. The price is what the market pays today (1,054 KRW); the fair value is what the company's own numbers justify (2,110 KRW). For HANBIT SOFT Inc the two are 1,056 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is HANBIT SOFT Inc worth?
The market values HANBIT SOFT Inc at about 26.2B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 1,054 KRW; our models calculate a fair value of 2,110 KRW per share.
What do the bullish and bearish scenarios say about 047080?
Our models span a range for HANBIT SOFT Inc: cautious scenario 1,698 KRW, base 2,110 KRW, optimistic 2,602 KRW per share (as of Sep 24, 2026, price 1,054 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of HANBIT SOFT Inc (047080)?
Balance-sheet figures for HANBIT SOFT Inc (as of Sep 24, 2026): return on equity 38.3%. They feed the Quality Score of 81/100, which measures business quality independently of the share price.
How far is 047080 from its 52-week high?
HANBIT SOFT Inc trades at 1,054 KRW, about 38% below its 52-week high of 1,691 KRW and 20% above the low of 882.00 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 2,110 KRW is for.
Which stocks are comparable to HANBIT SOFT Inc?
From the same area (Communication Services) we also value Konami Group, NetEase, Inc, Take-Two Interactive Software, Inc, Roblox 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 HANBIT SOFT Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 1,054 KRW, calculated fair value 2,110 KRW (+100%), Quality Score 81/100, from 24 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 047080 calculated?
We run HANBIT SOFT Inc through 24 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 2,110 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 14.0 % above its aggregate fair value. HANBIT SOFT Inc currently trades 100 % 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 HANBIT SOFT Inc (047080)?
The closing price on Sep 23, 2026 was 1,054 KRW. Our model-based fair value is 2,110 KRW, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HANBIT SOFT Inc right now?
The rarer combination: high quality (81/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (1,698 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of HANBIT SOFT Inc
How large is the market capitalisation of HANBIT SOFT Inc (047080)?
The market capitalisation of HANBIT SOFT Inc is 26.2B KRW (≈ $19.2M). 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 HANBIT SOFT Inc (047080)?
The price-to-sales ratio of HANBIT SOFT Inc is 0.66 (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 HANBIT SOFT Inc (047080)?
The net margin of HANBIT SOFT Inc is 13.8% (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 HANBIT SOFT Inc (047080)?
The return on equity (ROE) of HANBIT SOFT Inc is 38.3% (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 HANBIT SOFT Inc (047080)?
On an EBIT basis the return on assets of HANBIT SOFT Inc is −5.5% (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 HANBIT SOFT Inc (047080)?
The operating margin of HANBIT SOFT Inc is 25.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HANBIT SOFT Inc (047080)?
Revenue at HANBIT SOFT Inc is growing +2.8% versus a year earlier (3y avg −12.4%). 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 HANBIT SOFT Inc (047080)?
Earnings per share at HANBIT SOFT Inc are growing +495% versus a year earlier. How much earnings per share grew versus a year earlier.
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