Hannet Co. Ltd (052600) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hannet Co. Ltd KRW 6,627, price KRW 2,900, upside +128.5%, quality 68 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 2,770 KRW – 9,850 KRW · fair‑value band 4,970 KRW – 8,284 KRW · the 2,900 KRW price screens below the 6,627 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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Hannet Co., Ltd. provides value-added communication services in South Korea. The company engages in the out-of-store cash dispenser business; sales of unmanned payment machines and kiosks related products and services; and business related to settlement of cash and securities. It is also involved in the building rental business. Hannet Co., Ltd.
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Hannet Co., Ltd. provides value-added communication services in South Korea. The company engages in the out-of-store cash dispenser business; sales of unmanned payment machines and kiosks related products and services; and business related to settlement of cash and securities. It is also involved in the building rental business. Hannet Co., Ltd. was founded in 1990 and is based in Seoul, South Korea.
Stock analysis
Hannet Co. Ltd (052600) currently trades at 2,900 KRW, while our model-based Fair Value estimate is 6,627 KRW, implying the stock looks roughly 56.2% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 7,609 KRW per share, and 20 of the 22 models we run sit above the 2,900 KRW price.
Bear case: the Asset-Based group reads lowest at 2,301 KRW, and 2 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: 4,970 KRW (bear) to 8,284 KRW (bull), the price of 2,900 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 68/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Hannet Co. Ltd reported revenue of 26.8B KRW in FY2025 versus 23.1B KRW in FY2021, a compound +3.8%/yr. Reported net income was 3.6B KRW in FY2025, compounding +26.5%/yr from FY2021.
Key figures
Market cap 33.5B KRW (≈ $24.6M) · P/S ratio 1.30 · Dividend yield 6.2% · Net margin 13.6% · Return on equity 2.7% · Return on assets (EBIT) 6.2% · Operating margin 7.8% · Revenue (TTM) 27.3B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at 129%, 052600 screens cheaper than that median.
Fair Value models
Bear 4,970 KRWFair Value 6,627 KRWBull 8,284 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 weak: less than 2 % a year.
Revenue growth 1 year
+3.6%
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.
+6.9%
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.
+1.9%
Start year 2020 (pandemic). Over 10 years: −0.5% a year
Revenue growth 25 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.
+4.0%
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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. Basis: EBIT basis. 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.
+30.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.4%
Dividend (yield on the price)6.2%
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.24% vs 4%, picking up
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.6% → 16%
Start year 2020 (pandemic)
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).
−36.9%
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 −38.2% 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.Specialty Business Services · 249 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+129% · Top 25%
Profitability
Return on equity (TTM)3% · Below median
Return on assets2% · Below median
Net margin (TTM)4% · Below median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth−4% · Bottom 25%
Dividend yield (TTM)6.2% · Top 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
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Is Hannet Co. Ltd (052600) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6,627 KRW versus a price of 2,900 KRW, about +129% upside (undervalued).
What is the fair value of 052600?
Our model-based fair value for Hannet Co. Ltd is 6,627 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,900 KRW.
What is the quality score of 052600?
Hannet Co. Ltd has a Quality Score of 68/100. 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 Hannet Co. Ltd (052600)?
Our model-based price target is the fair value of 6,627 KRW (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 4,970 KRW, optimistic scenario 8,284 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Hannet Co. Ltd stock forecast for 2026?
Our models put fair value at 6,627 KRW, about +129% upside versus a price of 2,900 KRW (undervalued). Cautious scenario 4,970 KRW, optimistic scenario 8,284 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Hannet Co. Ltd (052600)?
Hannet Co. Ltd reported trailing-twelve-month revenue of about 27.3B KRW (latest available figure, as of Sep 24, 2026).
Does Hannet Co. Ltd pay a dividend?
Hannet Co. Ltd currently shows a dividend yield of about 6.21% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Hannet Co. Ltd (052600)?
For today's price to be fair in a discounted-cash-flow model, Hannet Co. Ltd would have to grow free cash flow by -36.9 % 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 +1.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 052600 use?
Our models discount Hannet Co. Ltd at 8.9 %: a base by market capitalisation (nano), damped by beta 0.20, 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 Hannet Co. Ltd that is -36.9 % 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 Hannet Co. Ltd (052600) delivered so far?
Over the past 5 years revenue at Hannet Co. Ltd grew +1.9 % a year. The price currently implies -36.9 % 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 Hannet Co. Ltd (052600) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Hannet Co. Ltd (-36.9 % 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 Hannet Co. Ltd (052600)?
The free-cash-flow yield on the price is 12.60 %: that much free cash flow Hannet Co. Ltd 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 Hannet Co. Ltd (052600)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hannet Co. Ltd it is 6,627 KRW per share (as of Sep 24, 2026), against a price of 2,900 KRW. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Hannet Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 052600 trades below its calculated fair value: price 2,900 KRW, fair value 6,627 KRW, a gap of about +129% (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 052600?
No. The price is what the market pays today (2,900 KRW); the fair value is what the company's own numbers justify (6,627 KRW). For Hannet Co. Ltd the two are 3,727 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Hannet Co. Ltd worth?
The market values Hannet Co. Ltd at about 33.5B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 2,900 KRW; our models calculate a fair value of 6,627 KRW per share.
What do the bullish and bearish scenarios say about 052600?
Our models span a range for Hannet Co. Ltd: cautious scenario 4,970 KRW, base 6,627 KRW, optimistic 8,284 KRW per share (as of Sep 24, 2026, price 2,900 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hannet Co. Ltd (052600)?
Balance-sheet figures for Hannet Co. Ltd (as of Sep 24, 2026): return on equity 2.7%, debt of 0.03 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 052600 from its 52-week high?
Hannet Co. Ltd trades at 2,900 KRW, about 34% below its 52-week high of 4,380 KRW and 5% above the low of 2,770 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 6,627 KRW is for.
Which stocks are comparable to Hannet Co. Ltd?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, 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 Hannet Co. Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 2,900 KRW, calculated fair value 6,627 KRW (+129%), Quality Score 68/100, 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 052600 calculated?
We run Hannet 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 6,627 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. Hannet Co. Ltd currently trades 129 % 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 Hannet Co. Ltd (052600)?
The closing price on Sep 23, 2026 was 2,900 KRW. Our model-based fair value is 6,627 KRW, about +129% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hannet Co. Ltd right now?
The price is below even our cautious bear case (4,970 KRW). The market is more pessimistic than our downside scenario. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Hannet Co. Ltd
How large is the market capitalisation of Hannet Co. Ltd (052600)?
The market capitalisation of Hannet Co. Ltd is 33.5B KRW (≈ $24.6M). 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 Hannet Co. Ltd (052600)?
The price-to-sales ratio of Hannet Co. Ltd is 1.30 (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 Hannet Co. Ltd (052600)?
The dividend yield of Hannet Co. Ltd is 6.2%. 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 Hannet Co. Ltd (052600)?
The net margin of Hannet Co. Ltd is 13.6% (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 Hannet Co. Ltd (052600)?
The return on equity (ROE) of Hannet Co. Ltd is 2.7% (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 Hannet Co. Ltd (052600)?
On an EBIT basis the return on assets of Hannet Co. Ltd is 6.2% (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 Hannet Co. Ltd (052600)?
The operating margin of Hannet Co. Ltd is 7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hannet Co. Ltd (052600)?
Revenue at Hannet Co. Ltd is growing −3.6% versus a year earlier (3y avg +6.9%). 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 Hannet Co. Ltd (052600)?
Earnings per share at Hannet Co. Ltd are growing −43.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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