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HAATZ Inc (066130) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 40.6B KRW

HI HAATZ Inc 066130 · KQ
Price3,770 KRW
Fair Value10,500 KRW
Upside+178.5%
Quality52/100
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Expensive Growth
Thin margins · 1.3% net margin
Low debt · negative free cash flow
4.14% dividend yield
Mixed vs. peers (4/9)
Narrow moat 28/100
Evidence: Medium Range 7,918 KRW – 13,196 KRW Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 10,557 KRW to 10,500 KRW (−0.5%) since Jul 20, 2026. Share price +15.6% over the past month.

A solid business, screening 179% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (7,918 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) 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)

12,377 KRW 3,030 KRW Fair Value 10,500 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 3,030 KRW – 12,377 KRW · fair‑value band 7,918 KRW – 13,196 KRW · the 3,770 KRW price screens below the 10,500 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

HAATZ Inc (066130) currently trades at 3,770 KRW, while our model-based Fair Value estimate is 10,500 KRW, implying the stock looks roughly 178.5% undervalued today. The Quality Score stands at 52/100 (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: medium), always confirm before acting.

Over the trailing twelve months, HAATZ Inc generated revenue of 100B KRW at a net margin of 1.3%. Revenue grew 3.5% year over year. It earns a return on equity of 1.7%. Net debt stands at 3.5B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 7,918 KRW (bear case) to 13,196 KRW (bull case); at 3,770 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 25% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at 179%, 066130 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
Residual Income 8,037 KRW 8,580 KRW 9,568 KRW 76
ROIC Compounder 8,903 KRW 10,426 KRW 12,952 KRW 72
Growth-Adj P/E 7,202 KRW 10,288 KRW 13,375 KRW 68
All 14 models by family
Earnings-Based
Graham-Dodd 5,128 KRW 17,695 KRW 23,764 KRW 54
Lynch FV 4,091 KRW 5,844 KRW 7,597 KRW 50
PEG = 1.0 4,091 KRW 5,844 KRW 7,597 KRW 46
EPV 8,903 KRW 10,122 KRW 11,189 KRW 59
Multiples
P/E Multiple 7,918 KRW 10,557 KRW 13,196 KRW 63
P/S Multiple 9,614 KRW 12,819 KRW 16,024 KRW 58
P/B Multiple 9,614 KRW 12,819 KRW 16,024 KRW 55
EV/EBIT 8,054 KRW 10,211 KRW 12,367 KRW 53
EV/EBITDA 6,591 KRW 8,259 KRW 9,927 KRW 54
EV/Revenue 9,434 KRW 12,798 KRW 16,161 KRW 43
Asset-Based
NCAV (Graham) 4,855 KRW 6,505 KRW 9,710 KRW 50
Economic Profit
Residual Income 8,037 KRW 8,580 KRW 9,568 KRW 76
ROIC Compounder 8,903 KRW 10,426 KRW 12,952 KRW 72
Growth Earnings
Growth-Adj P/E 7,202 KRW 10,288 KRW 13,375 KRW 68

Widest divergence: Multiples (10,557 KRW) versus Earnings-Based (5,844 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 100B KRW
Revenue growth (YoY) +3.5%
Net margin 1.3%
Return on equity 1.7%
Free cash flow −4.4B KRW FY2025
Operating margin 3.0%
More key figures
Dividend yield 4.1%
EPS growth (YoY) -91.7%
Net debt 3.5B KRW FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 53 · Market factors (momentum, volatility) 40

Profitability 50
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 81
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

HAATZ Inc. engages in the manufacture and sale of home appliances in South Korea. The company offers kitchen appliances, including hood and cooking zone systems, electric and gas cooktops, food dehydrators, detergent and sink faucets, sink bowls, built-in electrical outlets, flap and built-in lift-up doors, electric cooktop stands, and water savers.

Full company description

HAATZ Inc. engages in the manufacture and sale of home appliances in South Korea. The company offers kitchen appliances, including hood and cooking zone systems, electric and gas cooktops, food dehydrators, detergent and sink faucets, sink bowls, built-in electrical outlets, flap and built-in lift-up doors, electric cooktop stands, and water savers. It also provides bathroom products, such as toilets, washbasins, urinals, faucets, ventilators, and bathroom slide bars and accessories; air purifying appliances comprising total heat exchangers, air purifying heat exchangers, and simultaneous supply and exhaust systems for living spaces. In addition, the company offers kitchen accessories, including scrubbing brush nets, hood remote controls, food dehydrator filter covers and operating lids, detergents, sink drains, pull-out seasoning container support nets, dish drying racks, countertops, and gas tanks; and air purifying accessories, such as muren and bichae filters, and ventilation unit controllers. Further, it provides indoor air quality management system solutions in which kitchen range hoods, cooktops, and household heat exchangers are integrated into one system. The company was formerly known as Hankang Corporation and changed its name to HAATZ Inc. in January 2001. HAATZ Inc. was founded in 1988 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HAATZ Inc reported revenue of 177B KRW in FY2025 versus 137B KRW in FY2021, a compound +6.6%/yr. Reported net income was 9.1B KRW in FY2025, compounding +2.9%/yr from FY2021.

Growth Quality 36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
177B KRW
Latest YoY
−5.2%
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.
+7.3%
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.
+7.2%
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.
+8.0%
Revenue +6.6%/yr
FY21 137B KRW
FY22 143B KRW
FY23 155B KRW
FY24 187B KRW
FY25 177B KRW
Net income +2.9%/yr
FY21 8.1B KRW
FY22 4.6B KRW
FY23 6.0B KRW
FY24 8.9B KRW
FY25 9.1B KRW

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Cite: Fair Value Calculator (2026). "HAATZ Inc Fair Value". https://www.fairvalue-calculator.com/stock/066130

Peer Group

Furnishings, Fixtures & Appliances · 317 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 52 · Below median
Fair Value upside +179% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 4% · Above median
Dividend yield (TTM) 4.1% · Above median

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 18
FUTURE 18 · sector 0
PAST 7 · sector 19
HEALTH 100 · sector 98
DIVIDEND 83 · sector 52

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥84.34 ¥99.66 +18%
Gree Electric Appliances, Inc 000651 ¥40.23 ¥86.91 +116%
Haier Smart Home Co 600690 ¥21.79 ¥36.04 +65%
King Slide Works Co 2059 12,045 TWD 1,917 TWD -84%
Guangdong Songfa Ceramics Co 603268 ¥173.26 ¥38.83 -78%
Hisense Home Appliances Group 000921 ¥27.69 ¥50.62 +83%
Ecovacs Robotics Co 603486 ¥57.74 ¥54.14 -6%
Zhejiang Supor Co 002032 ¥41.68 ¥44.84 +8%
COWAY Co 021240 97,200 KRW 103,928 KRW +7%
Voltas Limited VOLTAS ₹1,290 ₹152.27 -88%

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Frequently asked questions

Is HAATZ Inc (066130) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 10,500 KRW versus a price of 3,770 KRW, about +179% (undervalued).
What is the fair value of 066130?
Our model-based fair value for HAATZ Inc is 10,500 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price is 3,770 KRW.
What is the quality score of 066130?
HAATZ Inc has a Quality Score of 52/100. 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 HAATZ Inc (066130)?
HAATZ Inc reported trailing-twelve-month revenue of about 100B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 066130?
The net profit margin of HAATZ Inc is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.
Does HAATZ Inc pay a dividend?
HAATZ Inc currently shows a dividend yield of about 4.09% relative to its recent price (as of Aug 13, 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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