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Hana Financial Group (086790) Fair Value & Analysis

Financial Services · KR · Market cap 36.7T KRW

HF Hana Financial Group 086790 · KO
Price133,300 KRW
Fair Value193,969 KRW
Upside+45.5%
Quality53/100
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Expensive Growth
Highly profitable · 29.1% net margin
Moderate debt · negative free cash flow
3.35% dividend yield
Mixed vs. peers (5/10)
Moderate moat 60/100
Evidence: High Range 145,477 KRW – 242,461 KRW Share as image

Fair value as of: Jul 16, 2026

From 17 valuation models · updated 22 days ago

Share price +5.0% over the past month.

A solid business, screening 46% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (145,477 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.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

136,800 KRW 26,507 KRW Fair Value 193,969 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 26,507 KRW – 136,800 KRW · fair‑value band 145,477 KRW – 242,461 KRW · the 133,300 KRW price screens below the 193,969 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Hana Financial Group (086790) currently trades at 133,300 KRW, while our model-based Fair Value estimate is 193,969 KRW, implying the stock looks roughly 45.5% undervalued today. We read business quality at 53/100 (solid quality), in the Financial Services 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, Hana Financial Group generated revenue of 12.6T KRW at a net margin of 32.4%. Revenue declined 10.7% year over year. It earns a return on equity of 9.1%. Net debt stands at 71.6T KRW. Fundamentals as of Jul 16, 2026

Our scenario range runs from 145,477 KRW (bear case) to 242,461 KRW (bull case); at 133,300 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 near its 52-week high and 88% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 65% fair-value upside, at 46%, 086790 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income 144,533 KRW 158,813 KRW 228,585 KRW 76
ROIC Compounder 4,115 KRW 18,939 KRW 32,116 KRW 72
Gordon GGM 50,935 KRW 111,200 KRW 187,098 KRW 70
All 17 models by family
DCF Models
Owner Earnings 82,027 KRW 172,204 KRW 313,722 KRW 31
Earnings-Based
Graham-Dodd 101,461 KRW 291,199 KRW 384,026 KRW 54
Lynch FV 59,847 KRW 85,496 KRW 111,144 KRW 50
PEG = 1.0 59,847 KRW 85,496 KRW 111,144 KRW 46
EPV 4,115 KRW 18,939 KRW 32,116 KRW 59
Dividend Discount
Gordon GGM 50,935 KRW 111,200 KRW 187,098 KRW 70
DDM Multi-Stage 50,935 KRW 82,919 KRW 115,888 KRW 61
Multiples
P/E Multiple 223,810 KRW 298,414 KRW 373,017 KRW 63
P/S Multiple 100,578 KRW 134,104 KRW 167,630 KRW 58
P/B Multiple 190,239 KRW 253,652 KRW 317,065 KRW 55
EV/EBIT 100,084 KRW 160,075 KRW 220,066 KRW 53
EV/EBITDA 109,898 KRW 173,160 KRW 236,422 KRW 54
EV/Revenue 13,984 KRW 54,215 KRW 94,447 KRW 43
Asset-Based
NCAV (Graham) 83,086 KRW 111,335 KRW 166,171 KRW 50
Economic Profit
Residual Income 144,533 KRW 158,813 KRW 228,585 KRW 76
ROIC Compounder 4,115 KRW 18,939 KRW 32,116 KRW 72
Growth Earnings
Growth-Adj P/E 180,934 KRW 258,477 KRW 336,020 KRW 68

Widest divergence: Growth Earnings (258,477 KRW) versus Economic Profit (18,939 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 14.0T KRW
Revenue growth (YoY) +25.7%
Net margin 29.1%
Return on equity 9.1%
Free cash flow −3.9T KRW FY2025
Operating margin 64.5%
More key figures
Dividend yield 3.4%
EPS growth (YoY) +11.4%
Net debt 71.6T KRW FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 38 · Market factors (momentum, volatility) 71

Profitability 33
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 21
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 84
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

Hana Financial Group Inc., through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally. It operates through five segments: Banking, Securities, Credit Card, Capital Financing, and Others.

Full company description

Hana Financial Group Inc., through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally. It operates through five segments: Banking, Securities, Credit Card, Capital Financing, and Others. The company engages in banking services; financial investments; credit card business; installment credit financing; real estate trust; system development service; mutual savings banking; life and non-life insurance; transfer agent; asset management; investment and management service for non-performing loan asset-backed securities; private placed fund; trust account; special purpose vehicle; and trust and collective investment. It is also involved in seafood processing; payment processing; technology financial; asset securitization; other financial; real estate; and elderly care and welfare facilities businesses. The company was founded in 1971 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

Hana Financial Group reported revenue of 14.4T KRW in FY2025 versus 10.9T KRW in FY2021, a compound +7.3%/yr. Reported net income was 4.0T KRW in FY2025, compounding +3.2%/yr from FY2021.

Growth Quality 47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
14.4T KRW
Latest YoY
+7.5%
Avg. growth/yr (3Y)
+5.9%
Avg. growth/yr (5Y)
+7.2%
Avg. growth/yr (20Y)
+11.5%
Revenue +7.3%/yr
FY21 10.9T KRW
FY22 12.1T KRW
FY23 13.2T KRW
FY24 13.4T KRW
FY25 14.4T KRW
Net income +3.2%/yr
FY21 3.5T KRW
FY22 3.6T KRW
FY23 3.4T KRW
FY24 3.7T KRW
FY25 4.0T KRW

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Cite: Fair Value Calculator (2026). "Hana Financial Group Fair Value". https://www.fairvalue-calculator.com/stock/086790

Peer Group

Banks - Regional · 1082 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 55 · Below median
Fair Value upside +46% · Top 25%
Return on equity (TTM) 9% · Below median
Return on assets 1% · Below median
Net margin (TTM) 29% · Above median
Operating margin (TTM) 65% · Top 25%
Revenue growth 26% · Top 25%
Dividend yield (TTM) 3.4% · Above median
Debt / equity 1.45× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

PEG 1.58× · Pricier 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 94 · sector 39
FUTURE 100 · sector 44
PAST 36 · sector 41
HEALTH 27 · sector 85
DIVIDEND 67 · sector 49

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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%
Woori Financial Group 316140 31,500 KRW 55,811 KRW +77%

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Frequently asked questions

Is Hana Financial Group (086790) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 193,969 KRW versus a price of 133,300 KRW, about +46% (undervalued).
What is the fair value of 086790?
Our model-based fair value for Hana Financial Group is 193,969 KRW (as of Jul 16, 2026), built from audited fundamentals. The current price is 133,300 KRW.
What is the quality score of 086790?
Hana Financial Group has a Quality Score of 53/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Hana Financial Group (086790)?
Hana Financial Group reported trailing-twelve-month revenue of about 12.6T KRW (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 086790?
The net profit margin of Hana Financial Group is about 32.4%, meaning it keeps roughly 32.4% of revenue as net income. Based on the latest reported figures.
Does Hana Financial Group pay a dividend?
Hana Financial Group currently shows a dividend yield of about 3.71% relative to its recent price (as of Jul 16, 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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