BHI Co (083650) Fair Value & Analysis
Industrials · KR · Market cap 1.5T KRW
Fair value as of: Jul 11, 2026
From 26 valuation models · updated 29 days ago
Fair value updated Jul 11, 2026, revised from 28,689 KRW to 35,822 KRW (+24.9%) since Jul 5, 2026. Share price +10.8% over the past month.
A solid business, but screening 28% overvalued on our models.
What matters now
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (26,866 KRW to 54,730 KRW) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.
How to read this chart
60‑month range 3,635 KRW – 109,500 KRW · fair‑value band 26,866 KRW – 54,730 KRW · the 49,900 KRW price screens above the 35,822 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.
Analysis
BHI Co (083650) currently trades at 49,900 KRW, while our model-based Fair Value estimate is 35,822 KRW, implying the stock looks roughly 28.2% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, BHI Co generated revenue of 306B KRW at a net margin of -11.5%. Revenue grew 61.8% year over year. Net debt stands at 84.5B KRW. Fundamentals as of Jul 11, 2026
Our scenario range runs from 26,866 KRW (bear case) to 54,730 KRW (bull case); at 49,900 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 56% below its 52-week high and 44% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at -28%, 083650 screens richer 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.
All 26 models by family
Widest divergence: DCF Models (65,984 KRW) versus Dividend Discount (30.75 KRW). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 25
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
BHI Co., Ltd. engages in the manufacturing and supplying of power plant equipment worldwide. It offers pulverized coal fired boilers, heat recovery steam generators, circulating fluidized bed combustion boilers, oil and gas boilers, industrial boilers, surface condensers, low/high pressure feed water heaters, closed cooling water heat exchangers, boiler …
Full company description
BHI Co., Ltd. engages in the manufacturing and supplying of power plant equipment worldwide. It offers pulverized coal fired boilers, heat recovery steam generators, circulating fluidized bed combustion boilers, oil and gas boilers, industrial boilers, surface condensers, low/high pressure feed water heaters, closed cooling water heat exchangers, boiler coils and panels, and deaerators for power plants. The company also provides waste heat recovery systems, coke dry quenching boilers, sinter boilers, Finex boilers, steel making plant boilers, blast furnace gas preheating systems, converters, recuperators, muffles and reactors, and oxygen plant heat exchangers for steel plants. In addition, it offers shell and tube type, and air-cooled heat exchangers, as well as pressure vessels for oil and gas refineries; H beam jointed steel pipes for civil engineering; and p/p super heater tubes for construction and erection applications. The company was formerly known as Bumwoo ENG Co., Ltd. and changed its name to BHI Co., Ltd. in March 2009. BHI Co., Ltd. was founded in 1998 and is based in Haman, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
BHI Co reported revenue of 774B KRW in FY2025 versus 235B KRW in FY2021, a compound +34.7%/yr. Reported net income was 65.2B KRW in FY2025.
083650 screens 28% overvalued. Compare with NIBE Industrier AB →
Peer Group
Machinery, Tools, Heavy Vehicles, Trains & Ships · 35 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.
Valuation Multiples vs Machinery, Tools, Heavy Vehicles, Trains & Ships median · lower = cheaper
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 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Machinery, Tools, Heavy Vehicles, Trains & Ships stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NIBE Industrier AB NIBEB | CHF 3.05 | CHF 2.24 | -26% |
| SPG Co 058610 | 74,000 KRW | 9,187 KRW | -88% |
| VITZROCELL Co 082920 | 28,900 KRW | 23,575 KRW | -18% |
| Sungho Electronics Corp 043260 | 17,830 KRW | 10,608 KRW | -41% |
| SKF India Limited 500472 | ₹1,480 | ₹695.28 | -53% |
| Hyulim ROBOT Co 090710 | 6,040 KRW | 715.59 KRW | -88% |
| Tae Kwang Corporation 023160 | 21,500 KRW | 25,470 KRW | +18% |
| 522275 522275 | ₹4,394 | ₹3,006 | -32% |
| Bosung Power Technology Co 006910 | 6,060 KRW | 8,549 KRW | +41% |
| Cape Industries Ltd 064820 | 9,260 KRW | 32,726 KRW | +253% |
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Frequently asked questions
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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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