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HL Holdings (060980) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 345B KRW

HH HL Holdings 060980 · KO
Price40,000 KRW
Fair Value62,560 KRW
Upside+56.4%
Quality53/100
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Mixed Growth
Thin margins · 2.7% net margin
Low debt · generates free cash flow
7.99% dividend yield
Mixed vs. peers (6/11)
Narrow moat 37/100
Evidence: High Range 41,258 KRW – 76,904 KRW Share as image

Fair value as of: Jul 24, 2026

From 22 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from 57,747 KRW to 62,560 KRW (+8.3%) since Jul 6, 2026. Share price +3.4% over the past month.

A solid business, screening 56% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (41,258 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (41,258 KRW to 76,904 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

49,227 KRW 23,070 KRW Fair Value 62,560 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 23,070 KRW – 49,227 KRW · fair‑value band 41,258 KRW – 76,904 KRW · the 40,000 KRW price screens below the 62,560 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

HL Holdings (060980) currently trades at 40,000 KRW, while our model-based Fair Value estimate is 62,560 KRW, implying the stock looks roughly 56.4% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Cyclical 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, HL Holdings generated revenue of 1.3T KRW at a net margin of 2.7%. Revenue declined 1.0% year over year. It earns a return on equity of 3.5%. Net debt stands at 594B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 41,258 KRW (bear case) to 76,904 KRW (bull case); at 40,000 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 23% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 56%, 060980 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 1,695 KRW 10,545 KRW 26,936 KRW 80
Residual Income 84,669 KRW 80,696 KRW 64,637 KRW 76
Rev-Margin DCF 38,389 KRW 76,498 KRW 122,920 KRW 74
All 22 models by family
DCF Models
FCF DCF 612.09 KRW 9,600 KRW 27,701 KRW 38
Owner Earnings 25,260 KRW 44,041 KRW 81,866 KRW 31
5Y Revenue Exit 38,389 KRW 75,995 KRW 131,831 KRW 39
5Y EBITDA Exit 59,176 KRW 111,576 KRW 182,171 KRW 41
5Y P/E Exit 7,013 KRW 22,288 KRW 40,865 KRW 38
10Y Revenue Exit 21,510 KRW 50,984 KRW 84,716 KRW 36
10Y EBITDA Exit 36,996 KRW 74,301 KRW 116,594 KRW 37
10Y P/E Exit 4,418 KRW 15,788 KRW 27,113 KRW 35
Earnings-Based
Graham-Dodd 15,695 KRW 22,704 KRW 26,730 KRW 54
EPV 50,350 KRW 63,119 KRW 74,470 KRW 59
Multiples
P/E Multiple 38,084 KRW 50,779 KRW 63,473 KRW 63
P/S Multiple 29,429 KRW 39,238 KRW 49,048 KRW 58
P/B Multiple 29,429 KRW 39,238 KRW 49,048 KRW 55
EV/EBIT 110,515 KRW 154,690 KRW 198,865 KRW 53
EV/EBITDA 111,882 KRW 156,512 KRW 201,143 KRW 54
EV/Revenue 67,322 KRW 105,607 KRW 143,892 KRW 43
Asset-Based
NCAV (Graham) 59,351 KRW 79,530 KRW 118,702 KRW 50
Growth DCF
Growth DCF 1,695 KRW 10,545 KRW 26,936 KRW 80
Rev-Margin DCF 38,389 KRW 76,498 KRW 122,920 KRW 74
Economic Profit
Residual Income 84,669 KRW 80,696 KRW 64,637 KRW 76
ROIC Compounder 50,350 KRW 63,119 KRW 74,470 KRW 72
Growth Earnings
Growth-Adj P/E 26,846 KRW 38,352 KRW 49,857 KRW 68

Widest divergence: Asset-Based (79,530 KRW) versus Growth DCF (10,545 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.3T KRW
Revenue growth (YoY) -1.0%
Net margin 2.7%
Return on equity 3.5%
Free cash flow 19.6B KRW FY2025
Operating margin 10.6%
More key figures
Dividend yield 8.0%
EPS growth (YoY) +213%
Net debt 594B KRW FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 49 · Market factors (momentum, volatility) 46

Profitability 23
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 100
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

HL Holdings Corporation engages in the mobility service, logistics service, and cold chain service businesses in South Korea and internationally.

Full company description

HL Holdings Corporation engages in the mobility service, logistics service, and cold chain service businesses in South Korea and internationally. The company offers steering, suspension, braking, climate control, and EV products; aftermarket parts under the HL Mando brand; automotive accessories, such as navigation, black box, and tuning parts; fleet management services; automotive part-specific logistics services; used car logistics; and module services. It is also involved in investment services, as well as distribution, financing, transportation, and delivery 3PL cold chain based on the refrigeration and refrigeration storage business. The company was formerly known as Halla Holdings Corp. and changed its name to HL Holdings Corporation in October 2022. HL Holdings Corporation was founded in 1991 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

HL Holdings reported revenue of 1.3T KRW in FY2025 versus 1.0T KRW in FY2021, a compound +6.4%/yr. Reported net income was 20.8B KRW in FY2025, compounding −33.4%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.3T KRW
Latest YoY
−2.6%
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.
+1.5%
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.
+12.7%
Avg. growth/yr (15Y) 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.
−6.4%
Revenue +6.4%/yr
FY21 1.0T KRW
FY22 1.3T KRW
FY23 1.3T KRW
FY24 1.4T KRW
FY25 1.3T KRW
Net income −33.4%/yr
FY21 106B KRW
FY22 3.1B KRW
FY23 50.5B KRW
FY24 19.8B KRW
FY25 20.8B KRW

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Cite: Fair Value Calculator (2026). "HL Holdings Fair Value". https://www.fairvalue-calculator.com/stock/060980

Peer Group

Auto Parts · 641 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 53 · Above median
Fair Value upside +56% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 3% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 11% · Above median
Revenue growth -1% · Below median
Dividend yield (TTM) 8.0% · Top 25%
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 1.3× · 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 17
FUTURE 0 · sector 24
PAST 14 · sector 26
HEALTH 86 · sector 95
DIVIDEND 100 · sector 30

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 Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
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Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is HL Holdings (060980) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 62,560 KRW versus a price of 40,000 KRW, about +56% (undervalued).
What is the fair value of 060980?
Our model-based fair value for HL Holdings is 62,560 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 40,000 KRW.
What is the quality score of 060980?
HL Holdings has a Quality Score of 53/100. 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 HL Holdings (060980)?
HL Holdings reported trailing-twelve-month revenue of about 1.3T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 060980?
The net profit margin of HL Holdings is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.
Does HL Holdings pay a dividend?
HL Holdings currently shows a dividend yield of about 6.74% relative to its recent price (as of Jul 24, 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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