EN DE

Nam Hwa Construction Co (091590) Fair Value & Analysis

Industrials · KR · Market cap 69.9B KRW

NH Nam Hwa Construction Co 091590 · KQ
Price4,370 KRW
Fair Value12,698 KRW
Upside+190.6%
Quality68/100
Watch Nam Hwa Construction Co for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Solidly profitable · 15.3% net margin
Low debt · generates free cash flow
1.68% dividend yield
Ranks above peers (9/10)
Narrow moat 42/100
Evidence: High Range 10,390 KRW – 14,580 KRW Share as image

Fair value as of: Jul 20, 2026

From 22 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 12,579 KRW to 12,698 KRW (+0.9%) since Jun 25, 2026. Share price −51.0% over the past month.

A solid business, screening 191% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (10,390 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

13,920 KRW 3,230 KRW Fair Value 12,698 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 3,230 KRW – 13,920 KRW · fair‑value band 10,390 KRW – 14,580 KRW · the 4,370 KRW price screens below the 12,698 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Nam Hwa Construction Co (091590) currently trades at 4,370 KRW, while our model-based Fair Value estimate is 12,698 KRW, implying the stock looks roughly 190.6% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Industrials 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, Nam Hwa Construction Co generated revenue of 76.5B KRW at a net margin of 15.3%. Revenue grew 27.7% year over year. It earns a return on equity of 6.9%. Fundamentals as of Jul 20, 2026

Our scenario range runs from 10,390 KRW (bear case) to 14,580 KRW (bull case); at 4,370 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 15% below its 52-week high and 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 191%, 091590 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 2,601 KRW 3,026 KRW 3,715 KRW 80
Residual Income 11,619 KRW 12,077 KRW 12,511 KRW 76
Rev-Margin DCF 6,125 KRW 9,229 KRW 12,808 KRW 74
All 22 models by family
DCF Models
FCF DCF 2,557 KRW 2,997 KRW 3,760 KRW 38
Owner Earnings 10,983 KRW 14,556 KRW 20,764 KRW 31
5Y Revenue Exit 6,125 KRW 9,242 KRW 13,570 KRW 39
5Y EBITDA Exit 6,178 KRW 9,334 KRW 13,293 KRW 41
5Y P/E Exit 9,776 KRW 15,510 KRW 21,933 KRW 38
10Y Revenue Exit 4,542 KRW 7,068 KRW 10,113 KRW 36
10Y EBITDA Exit 4,780 KRW 7,129 KRW 9,925 KRW 37
10Y P/E Exit 6,998 KRW 11,228 KRW 15,760 KRW 35
Earnings-Based
Graham-Dodd 6,331 KRW 11,544 KRW 14,271 KRW 54
EPV 7,547 KRW 8,576 KRW 9,476 KRW 59
Multiples
P/E Multiple 14,665 KRW 19,553 KRW 24,441 KRW 63
P/S Multiple 9,288 KRW 12,384 KRW 15,480 KRW 58
P/B Multiple 11,871 KRW 15,829 KRW 19,786 KRW 55
EV/EBIT 11,756 KRW 15,217 KRW 18,677 KRW 53
EV/EBITDA 9,412 KRW 12,091 KRW 14,771 KRW 54
EV/Revenue 8,784 KRW 11,960 KRW 15,135 KRW 43
Asset-Based
NCAV (Graham) 7,290 KRW 9,769 KRW 14,580 KRW 50
Growth DCF
Growth DCF 2,601 KRW 3,026 KRW 3,715 KRW 80
Rev-Margin DCF 6,125 KRW 9,229 KRW 12,808 KRW 74
Economic Profit
Residual Income 11,619 KRW 12,077 KRW 12,511 KRW 76
ROIC Compounder 7,547 KRW 8,576 KRW 9,476 KRW 72
Growth Earnings
Growth-Adj P/E 10,390 KRW 14,843 KRW 19,296 KRW 68

Widest divergence: Growth Earnings (14,843 KRW) versus Growth DCF (3,026 KRW). Highest evidence: Growth DCF (80).

Notify me when 091590 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 76.5B KRW
Revenue growth (YoY) +27.7%
Net margin 15.3%
Return on equity 6.9%
Free cash flow 1.4B KRW FY2025
Operating margin 2.2%
More key figures
Dividend yield 1.7%
EPS growth (YoY) +902%

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 64 · Market factors (momentum, volatility) 53

Profitability 33
Margins and returns on capital today
Quality Growth 78
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 82
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

Nam Hwa Construction Co.,Ltd engages in the general construction business in South Korea. The company was founded in 1958 and is headquartered in Hwasun-eup, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nam Hwa Construction Co reported revenue of 72.7B KRW in FY2025 versus 109B KRW in FY2021, a compound −9.7%/yr. Reported net income was 10.9B KRW in FY2025, compounding −3.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
72.7B KRW
Latest YoY
+28.3%
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.
−7.1%
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.
−0.7%
Avg. growth/yr (14Y) 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.
−1.2%
Revenue −9.7%/yr
FY21 109B KRW
FY22 90.8B KRW
FY23 71.8B KRW
FY24 56.7B KRW
FY25 72.7B KRW
Net income −3.6%/yr
FY21 12.7B KRW
FY22 20.2B KRW
FY23 −11.8B KRW
FY24 7.4B KRW
FY25 10.9B KRW

Watch 091590: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Nam Hwa Construction Co Fair Value". https://www.fairvalue-calculator.com/stock/091590

Peer Group

Engineering & Construction · 839 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 68 · Top 25%
Fair Value upside +191% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 2% · Below median
Revenue growth 28% · Top 25%
Dividend yield (TTM) 1.7% · Above median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/FCF 0.0× · 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 16
FUTURE 100 · sector 17
PAST 27 · sector 26
HEALTH 100 · sector 94
DIVIDEND 34 · sector 33

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

Compare Nam Hwa Construction Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Nam Hwa Construction Co (091590) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 12,698 KRW versus a price of 4,370 KRW, about +191% (undervalued).
What is the fair value of 091590?
Our model-based fair value for Nam Hwa Construction Co is 12,698 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 4,370 KRW.
What is the quality score of 091590?
Nam Hwa Construction Co has a Quality Score of 68/100. 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 Nam Hwa Construction Co (091590)?
Nam Hwa Construction Co reported trailing-twelve-month revenue of about 76.5B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 091590?
The net profit margin of Nam Hwa Construction Co is about 15.3%, meaning it keeps roughly 15.3% of revenue as net income. Based on the latest reported figures.
Does Nam Hwa Construction Co pay a dividend?
Nam Hwa Construction Co currently shows a dividend yield of about 2.83% relative to its recent price (as of Jul 20, 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.

14 days Pro free · no card

Track Nam Hwa Construction Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.