EN DE

HLB Pharmaceutical Co (047920) Fair Value & Analysis

Healthcare · KR · Market cap 260B KRW

HP HLB Pharmaceutical Co 047920 · KQ
Price8,740 KRW
Fair Value1,951 KRW
Upside-77.7%
Quality40/100
Watch HLB Pharmaceutical Co for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Loss-making · -53.4% net margin
Low debt · negative free cash flow
Trails peers (3/9)
Narrow moat 12/100
Evidence: Medium Range 1,464 KRW – 2,439 KRW Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 19 days ago

Share price +2.0% over the past month.

Below-average quality, and screening another 78% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2,439 KRW). The favourable scenario is already priced in.
  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

41,100 KRW 6,170 KRW Fair Value 1,951 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 6,170 KRW – 41,100 KRW · fair‑value band 1,464 KRW – 2,439 KRW · the 8,740 KRW price screens above the 1,951 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 →

Which stocks are undervalued right now? Check free Discover now →

Analysis

HLB Pharmaceutical Co (047920) currently trades at 8,740 KRW, while our model-based Fair Value estimate is 1,951 KRW, implying the stock looks roughly 77.7% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, HLB Pharmaceutical Co generated revenue of 14.2B KRW at a net margin of -53.4%. Revenue grew 89.5% year over year. It earns a return on equity of -39.8%. Net debt stands at 7.4B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,464 KRW (bear case) to 2,439 KRW (bull case); at 8,740 KRW, the current price sits above 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 61% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at -78%, 047920 screens richer 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
ROIC Compounder 523.89 KRW 575.41 KRW 621.20 KRW 72
Growth-Adj P/E 3,785 KRW 5,407 KRW 7,030 KRW 68
P/E Multiple 1,464 KRW 1,951 KRW 2,439 KRW 63
All 15 models by family
DCF Models
Owner Earnings 979.29 KRW 1,983 KRW 4,184 KRW 31
Earnings-Based
Graham-Dodd 947.84 KRW 6,610 KRW 9,276 KRW 54
Lynch FV 3,200 KRW 4,572 KRW 5,943 KRW 50
PEG = 1.0 3,200 KRW 4,572 KRW 5,943 KRW 46
EPV 523.89 KRW 575.41 KRW 621.20 KRW 59
Multiples
P/E Multiple 1,464 KRW 1,951 KRW 2,439 KRW 63
P/S Multiple 1,777 KRW 2,370 KRW 2,962 KRW 58
P/B Multiple 1,777 KRW 2,370 KRW 2,962 KRW 55
EV/EBIT 475.24 KRW 556.33 KRW 637.42 KRW 53
EV/EBITDA 942.08 KRW 1,179 KRW 1,415 KRW 54
EV/Revenue 527.14 KRW 653.63 KRW 780.13 KRW 43
Asset-Based
NCAV (Graham) 1,908 KRW 2,556 KRW 3,816 KRW 50
Economic Profit
Residual Income 2,860 KRW 2,829 KRW 2,543 KRW 61
ROIC Compounder 523.89 KRW 575.41 KRW 621.20 KRW 72
Growth Earnings
Growth-Adj P/E 3,785 KRW 5,407 KRW 7,030 KRW 68

Widest divergence: Growth Earnings (5,407 KRW) versus Economic Profit (575.41 KRW). Highest evidence: ROIC Compounder (72).

Notify me when 047920 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 14.2B KRW
Revenue growth (YoY) +89.5%
Net margin -53.4%
Return on equity -39.8%
Free cash flow −6.6B KRW FY2025
Operating margin 1.6%
More key figures
EPS growth (YoY) -55.5%
Net debt 7.4B KRW FY2025

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

Quality Score breakdown

Overall quality 40/100

Of which business quality 43 · Market factors (momentum, volatility) 3

Profitability 54
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 3
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 12
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

HLB Pharmaceutical Co., Ltd. researches and develops peptide drugs in South Korea. The company offers skeletal muscle relaxant, tranquilizers, antihistamines, antihypertensive agents, pain relief, antipruritics, astringents, anti-inflammatories, alimentary system drugs, metabolic drugs, ophthalmic agents, local anesthetics, antiarteriosclerotic agents, …

Full company description

HLB Pharmaceutical Co., Ltd. researches and develops peptide drugs in South Korea. The company offers skeletal muscle relaxant, tranquilizers, antihistamines, antihypertensive agents, pain relief, antipruritics, astringents, anti-inflammatories, alimentary system drugs, metabolic drugs, ophthalmic agents, local anesthetics, antiarteriosclerotic agents, expectorants, antipyretics, analgesics, antidiabetic drug, chemotherapeutics, peptic ulcer agents, central nervous system drug, antibiotics, digestives, antacids, dental drugs, multivitamins, parasistic skin disese drugs, dermatlogicals, agents for urogenital organ, amino acid agent, antitussive, mucolytic agents, anthelmintics, antidiarrheals, circulatory system drug, vitamins, skin softeners, anti-hemorrhoid drugs, and agents for liver disease. It is also developing CTT-004 for the treatment of ataxia induced by spinocerebellar degeneration; and offers CMO services. The company was formerly known as Mediforum Pharmaceutical Incorporation and changed its name to HLB Pharmaceutical Co., Ltd in October 2020. HLB Pharmaceutical Co., Ltd. was founded in 1998 and is headquartered in Namyangju-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HLB Pharmaceutical Co reported revenue of 206B KRW in FY2025 versus 62.9B KRW in FY2021, a compound +34.5%/yr. Reported net income was 4.6B KRW in FY2025.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
206B KRW
Latest YoY
+50.0%
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.
+24.1%
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.
+38.3%
Avg. growth/yr (11Y) 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.
+25.3%
Revenue +34.5%/yr
FY21 62.9B KRW
FY22 107B KRW
FY23 136B KRW
FY24 137B KRW
FY25 206B KRW
Net income
FY21 −13.2B KRW
FY22 −11.8B KRW
FY23 −19.4B KRW
FY24 2.0B KRW
FY25 4.6B KRW

047920 screens 78% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "HLB Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/047920

Peer Group

Drug Manufacturers - Specialty & Generic · 623 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 40 · Bottom 25%
Fair Value upside −78% · Bottom 25%
Return on assets -12% · Bottom 25%
Net margin (TTM) -53% · Bottom 25%
Operating margin (TTM) 2% · Below median
Revenue growth 90% · Top 25%

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/S (TTM) 0.01× · Cheaper than 75% of peers

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 0 · sector 6
FUTURE 100 · sector 20
PAST 0 · sector 24
HEALTH 100 · sector 97
DIVIDEND 0 · sector 34

VALUE 0: the price sits above our fair-value range.

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

Compare HLB Pharmaceutical Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is HLB Pharmaceutical Co (047920) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,951 KRW versus a price of 8,740 KRW, about −78% (overvalued).
What is the fair value of 047920?
Our model-based fair value for HLB Pharmaceutical Co is 1,951 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 8,740 KRW.
What is the quality score of 047920?
HLB Pharmaceutical Co has a Quality Score of 40/100. 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 HLB Pharmaceutical Co (047920)?
HLB Pharmaceutical Co reported trailing-twelve-month revenue of about 14.2B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 047920?
The net profit margin of HLB Pharmaceutical Co is about -53.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

14 days Pro free · no card

Track HLB Pharmaceutical Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.