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Hannet Co (052600) Fair Value & Analysis

Industrials · KR · Market cap 35.4B KRW

HC Hannet Co 052600 · KQ
Price3,175 KRW
Fair Value6,627 KRW
Upside+108.7%
Quality68/100
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Weak Growth
Thin margins · 3.7% net margin
Low debt · generates free cash flow
5.91% dividend yield
Ranks above peers (7/10)
Narrow moat 36/100
Evidence: High Range 4,970 KRW – 8,284 KRW Share as image

Fair value as of: Jul 22, 2026

From 22 valuation models · updated 19 days ago

Share price +5.5% over the past month.

A solid business, screening 109% undervalued on our models.

What matters 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.
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Price vs Fair Value (5 years)

10,768 KRW 2,770 KRW Fair Value 6,627 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 2,770 KRW – 10,768 KRW · fair‑value band 4,970 KRW – 8,284 KRW · the 3,175 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 Jul 22, 2026.

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Analysis

Hannet Co (052600) currently trades at 3,175 KRW, while our model-based Fair Value estimate is 6,627 KRW, implying the stock looks roughly 108.7% undervalued today. The Quality Score stands at 68/100 (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: high), always confirm before acting.

Over the trailing twelve months, Hannet Co generated revenue of 27.3B KRW at a net margin of 3.7%. Revenue declined 3.6% year over year. It earns a return on equity of 2.7%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 4,970 KRW (bear case) to 8,284 KRW (bull case); at 3,175 KRW, the current price sits below 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 43% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 109%, 052600 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 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
Growth DCF 6,253 KRW 7,603 KRW 9,918 KRW 80
Residual Income 2,954 KRW 3,239 KRW 4,515 KRW 76
Rev-Margin DCF 5,551 KRW 6,932 KRW 8,637 KRW 74
All 22 models by family
DCF Models
FCF DCF 6,088 KRW 7,479 KRW 10,061 KRW 38
Owner Earnings 5,792 KRW 7,068 KRW 9,434 KRW 31
5Y Revenue Exit 5,551 KRW 6,849 KRW 8,735 KRW 39
5Y EBITDA Exit 7,212 KRW 9,723 KRW 13,053 KRW 41
5Y P/E Exit 6,519 KRW 8,524 KRW 10,920 KRW 38
10Y Revenue Exit 5,657 KRW 6,648 KRW 7,703 KRW 36
10Y EBITDA Exit 6,742 KRW 8,427 KRW 10,242 KRW 37
10Y P/E Exit 6,321 KRW 7,685 KRW 8,988 KRW 35
Earnings-Based
Graham-Dodd 2,146 KRW 2,641 KRW 2,978 KRW 54
EPV 5,776 KRW 6,317 KRW 6,789 KRW 59
Multiples
P/E Multiple 4,970 KRW 6,627 KRW 8,284 KRW 63
P/S Multiple 3,480 KRW 4,640 KRW 5,800 KRW 58
P/B Multiple 4,024 KRW 5,365 KRW 6,706 KRW 55
EV/EBIT 7,356 KRW 8,964 KRW 10,571 KRW 53
EV/EBITDA 8,823 KRW 10,919 KRW 13,015 KRW 54
EV/Revenue 5,458 KRW 6,711 KRW 7,963 KRW 43
Asset-Based
NCAV (Graham) 1,717 KRW 2,301 KRW 3,435 KRW 50
Growth DCF
Growth DCF 6,253 KRW 7,603 KRW 9,918 KRW 80
Rev-Margin DCF 5,551 KRW 6,932 KRW 8,637 KRW 74
Economic Profit
Residual Income 2,954 KRW 3,239 KRW 4,515 KRW 76
ROIC Compounder 5,777 KRW 6,422 KRW 7,047 KRW 72
Growth Earnings
Growth-Adj P/E 3,510 KRW 5,014 KRW 6,518 KRW 68

Widest divergence: DCF Models (7,479 KRW) versus Asset-Based (2,301 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 27.3B KRW
Revenue growth (YoY) -3.6%
Net margin 3.7%
Return on equity 2.7%
Free cash flow 4.2B KRW FY2025
Operating margin 7.8%
More key figures
Dividend yield 5.9%
EPS growth (YoY) -43.2%

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

Quality Score breakdown

Overall quality 68/100

Of which business quality 69 · Market factors (momentum, volatility) 32

Profitability 42
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 82
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hannet Co 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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
26.8B KRW
Latest YoY
+3.6%
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.
+6.9%
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.
+1.9%
Avg. growth/yr (25Y) 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.
+4.0%
Revenue +3.8%/yr
FY21 23.1B KRW
FY22 22.0B KRW
FY23 24.9B KRW
FY24 25.9B KRW
FY25 26.8B KRW
Net income +26.5%/yr
FY21 1.4B KRW
FY22 2.0B KRW
FY23 2.5B KRW
FY24 3.4B KRW
FY25 3.6B KRW

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Cite: Fair Value Calculator (2026). "Hannet Co Fair Value". https://www.fairvalue-calculator.com/stock/052600

Peer Group

Specialty Business Services · 253 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 68 · Top 25%
Fair Value upside +109% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth -4% · Bottom 25%
Dividend yield (TTM) 5.9% · Top 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/FCF 0.0× · 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 100 · sector 24
FUTURE 0 · sector 27
PAST 11 · sector 33
HEALTH 99 · sector 92
DIVIDEND 100 · sector 54

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is Hannet Co (052600) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 6,627 KRW versus a price of 3,175 KRW, about +109% (undervalued).
What is the fair value of 052600?
Our model-based fair value for Hannet Co is 6,627 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 3,175 KRW.
What is the quality score of 052600?
Hannet Co 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 revenue of Hannet Co (052600)?
Hannet Co reported trailing-twelve-month revenue of about 27.3B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 052600?
The net profit margin of Hannet Co is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. Based on the latest reported figures.
Does Hannet Co pay a dividend?
Hannet Co currently shows a dividend yield of about 5.84% 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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