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HB Technology CO.,LTD., (078150) Fair Value & Analysis

Technology · KR · Market cap 165B KRW

HT HB Technology CO.,LTD., 078150 · KQ
Price2,065 KRW
Fair Value2,292 KRW
Upside+11.0%
Quality47/100
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Weak Growth
Thin margins · 9.1% net margin
Low debt · negative free cash flow
1.11% dividend yield
Ranks above peers (7/9)
Moderate moat 48/100
Evidence: High Range 1,719 KRW – 2,864 KRW Share as image

Fair value as of: Jul 22, 2026

From 17 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 4,510 KRW to 2,292 KRW (−49.2%) since Jul 6, 2026. Share price +0.2% over the past month.

Below-average quality, screening 11% undervalued on our models.

What matters now

  • Our model range runs from 1,719 KRW (bear) to 2,864 KRW (bull), base 2,292 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 47/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

4,965 KRW 1,512 KRW Fair Value 2,292 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 1,512 KRW – 4,965 KRW · fair‑value band 1,719 KRW – 2,864 KRW · the 2,065 KRW price screens below the 2,292 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

HB Technology CO.,LTD., (078150) currently trades at 2,065 KRW, while our model-based Fair Value estimate is 2,292 KRW, implying the stock looks roughly 11.0% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Technology 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, HB Technology CO.,LTD., generated revenue of 242B KRW at a net margin of 9.1%. Revenue grew 21.0% year over year. It earns a return on equity of 15.9%. Net debt stands at 17.9B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1,719 KRW (bear case) to 2,864 KRW (bull case); at 2,065 KRW, the current price sits within 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 66% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at 11%, 078150 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 2,806 KRW 3,127 KRW 5,294 KRW 76
ROIC Compounder 513.10 KRW 568.84 KRW 617.62 KRW 72
Gordon GGM 183.64 KRW 381.82 KRW 605.71 KRW 70
All 17 models by family
DCF Models
Owner Earnings 1,651 KRW 2,419 KRW 3,568 KRW 31
Earnings-Based
Graham-Dodd 2,174 KRW 6,264 KRW 8,264 KRW 54
Lynch FV 1,291 KRW 1,844 KRW 2,398 KRW 50
PEG = 1.0 1,291 KRW 1,844 KRW 2,398 KRW 46
EPV 513.10 KRW 568.84 KRW 617.62 KRW 59
Dividend Discount
Gordon GGM 183.64 KRW 381.82 KRW 605.71 KRW 70
DDM Multi-Stage 183.64 KRW 293.77 KRW 400.73 KRW 61
Multiples
P/E Multiple 4,795 KRW 6,393 KRW 7,991 KRW 63
P/S Multiple 3,383 KRW 4,510 KRW 5,638 KRW 58
P/B Multiple 4,076 KRW 5,434 KRW 6,793 KRW 55
EV/EBIT 1,127 KRW 1,443 KRW 1,759 KRW 53
EV/EBITDA 1,258 KRW 1,618 KRW 1,978 KRW 54
EV/Revenue 817.79 KRW 1,092 KRW 1,366 KRW 43
Asset-Based
NCAV (Graham) 1,604 KRW 2,150 KRW 3,208 KRW 50
Economic Profit
Residual Income 2,806 KRW 3,127 KRW 5,294 KRW 76
ROIC Compounder 513.10 KRW 568.84 KRW 617.62 KRW 72
Growth Earnings
Growth-Adj P/E 3,881 KRW 5,545 KRW 7,208 KRW 68

Widest divergence: Growth Earnings (5,545 KRW) versus Dividend Discount (293.77 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 242B KRW
Revenue growth (YoY) +21.0%
Net margin 9.1%
Return on equity 15.9%
Free cash flow −7.9B KRW FY2025
Operating margin 1.5%
More key figures
Dividend yield 1.1%
EPS growth (YoY) -40.7%
Net debt 17.9B KRW FY2025

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

Quality Score breakdown

Overall quality 47/100

Of which business quality 46 · Market factors (momentum, volatility) 34

Profitability 41
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 51
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

HB Technology CO.,LTD., together with its subsidiaries, engages in the manufacture and sale of inspection display equipment in South Korea and internationally. It operates through the Equipment, and Parts and Materials divisions.

Full company description

HB Technology CO.,LTD., together with its subsidiaries, engages in the manufacture and sale of inspection display equipment in South Korea and internationally. It operates through the Equipment, and Parts and Materials divisions. The company offers automated optical inspection equipment; encapsulation inspection systems; edge crack testing machines; laser repair equipment; PCB thickness gauges; and die-matching meters. It also provides light guide and diffusion plates for backlight units for LED TVs and monitors. In addition, the company is engaged in the installation of inspection equipment. It serves manufacturers of display-related products. The company was formerly known as NCB Networks Co., Ltd. and changed its name to HB Technology CO.,LTD. in March 2012. HB Technology CO.,LTD. was founded in 1997 and is headquartered in Asan-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HB Technology CO.,LTD., reported revenue of 160B KRW in FY2025 versus 159B KRW in FY2021, a compound +0.2%/yr. Reported net income was 28.4B KRW in FY2025, compounding +25.3%/yr from FY2021.

Growth Quality 11/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
160B KRW
Latest YoY
−1.3%
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.
+2.7%
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.
−10.2%
Avg. growth/yr (19Y) 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%
Revenue +0.2%/yr
FY21 159B KRW
FY22 148B KRW
FY23 112B KRW
FY24 162B KRW
FY25 160B KRW
Net income +25.3%/yr
FY21 11.5B KRW
FY22 27.2B KRW
FY23 79.3B KRW
FY24 −51.6B KRW
FY25 28.4B KRW

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Cite: Fair Value Calculator (2026). "HB Technology CO.,LTD., Fair Value". https://www.fairvalue-calculator.com/stock/078150

Peer Group

Semiconductor Equipment & Materials · 212 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 47 · Below median
Fair Value upside +11% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 21% · Above median
Dividend yield (TTM) 1.1% · Above median
Debt / equity 0.05× · Lower than 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 48 · sector 0
FUTURE 100 · sector 58
PAST 64 · sector 30
HEALTH 98 · sector 96
DIVIDEND 22 · sector 16

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is HB Technology CO.,LTD., (078150) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 2,292 KRW versus a price of 2,065 KRW, about +11% (undervalued).
What is the fair value of 078150?
Our model-based fair value for HB Technology CO.,LTD., is 2,292 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 2,065 KRW.
What is the quality score of 078150?
HB Technology CO.,LTD., has a Quality Score of 47/100. 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 HB Technology CO.,LTD., (078150)?
HB Technology CO.,LTD., reported trailing-twelve-month revenue of about 242B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 078150?
The net profit margin of HB Technology CO.,LTD., is about 9.1%, meaning it keeps roughly 9.1% of revenue as net income. Based on the latest reported figures.
Does HB Technology CO.,LTD., pay a dividend?
HB Technology CO.,LTD., currently shows a dividend yield of about 0.70% 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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